On Monday, shares in Atlanta, Georgia headquartered The Coca-Cola Co. recorded a trading volume of 8.63 million shares. The stock ended the day at $41.67, declining 0.17% from the last trading session. The Company's shares have advanced 1.34% in the last one month. The stock is trading above its 50-day moving average by 0.15%. Furthermore, shares of Coca-Cola, which manufactures and distributes various nonalcoholic beverages worldwide, have a Relative Strength Index (RSI) of 53.44.
On December 09th, 2016, Coca-Cola announced that its Board of Directors has approved unanimously the recommendation of Chairman and Chief Executive Officer Muhtar Kent for an evolution of the Company's senior leadership structure. Under the new structure, Company veteran James Quincey, President and Chief Operating Officer, will succeed Kent as CEO, effective May 01st, 2017. Kent will continue as Chairman of the Board of Directors. The Board intends to nominate Quincey to stand for election as a director at the 2017 Annual Shareowners Meeting in April.
On December 16th, 2016, research firm Morgan Stanley downgraded the Company's stock rating from 'Overweight' to 'Equal-Weight'. Free research report on KO is available at:
Purchase, New York headquartered Pepsico Inc.'s stock saw a slight drop of 0.43%, finishing yesterday's session at $105.41 with a total trading volume of 3.67 million shares. The Company's shares have gained 4.50% in the last month and 8.60% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 1.44% and 1.89%, respectively. Additionally, shares of Pepsico, which operates as a food and beverage company worldwide, have an RSI of 59.31.
On December 09th, 2016, PepsiCo announced the launch of LIFEWTR, a new premium bottled water that fuses creativity and design to serve as a source of inspiration, as well as hydration, to usher in a new era of thirst quenchers. Available across the US beginning in February 2017, LIFEWTR is a purified water, pH balanced with electrolytes added for taste. That clean, pure taste is enrobed in a bottle that serves as a canvas for art and design and features rotating label motifs created by emerging artists.
On December 12th, 2016, research firm Societe Generale upgraded the Company's stock rating from 'Hold' to 'Buy'. The complimentary research report on PEP can be downloaded at:
Coca-Cola European Partners
Shares in Uxbridge, UK headquartered Coca-Cola European Partners PLC ended Monday's session 0.18% lower at $32.41 with a total trading volume of 1.31 million shares. The stock is trading 8.71% below its 50-day moving average. Shares of the Company, which produces, distributes, and markets a range of non-alcoholic ready-to-drink beverages in Europe, have an RSI of 41.93.
On December 15th, 2016, Coca-Cola European Partners provided FY17 business update and outlook for FY16. For FY16, the Company now expects approximately 1% revenue growth, operating profit growth in a modest mid-single-digit, and diluted earnings per share growth in mid-teens range. For FY17, the Company expects modest low single-digit revenue growth, with operating profit and diluted earnings per share growth to be up high single-digits. The Company's board of Directors also declared a regular quarterly dividend of €0.17 per share, payable on January 13th, 2017, to shareholders of record on December 30th, 2016.
On December 16th, 2016, research firm CLSA upgraded the Company's stock rating from 'Outperform' to 'Buy'. Visit us today and access our complete research report on CCE at:
At the close, Corona, California headquartered Monster Beverage Corp.'s stock dropped 1.42%, finishing at $43.87. A total volume of 2.20 million shares was traded. The Company's shares have gained 4.53% in the last month. The stock is trading 52.18% below its 50-day moving average. Additionally, shares of Monster Beverage, which through its subsidiaries, develops, markets, sells, and distributes energy drink beverages and its concentrates in the US and internationally, have an RSI of 18.81.
On November 03rd, 2016, Monster Beverage reported that net sales for Q3 2016 increased 4.1% to $788.0 million from $756.6 million in Q3 2015. Gross profit, as a percentage of net sales, for Q3 2016, increased to 63.8% from 61.5% for Q3 2015. The Company's operating income for the reported quarter was $290.4 million compared to $291.4 million in Q3 2015. Get free access to your research report on MNST at:
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