NEW YORK, November 14, 2016 /PRNewswire/ --
The Beverages industry, particularly the Soft Drinks category, has so far reported decent earnings this season as well as over the past few quarters. This is due to the higher sales of non-carbonated drinks, lower costs of key raw materials, cost reductions, and overall improved execution. Today, Stock-Callers.com has initiated coverage on four major industry players which are: The Coca-Cola Co. (NYSE: KO), Pepsico Inc. (NYSE: PEP), Coca-Cola European Partners PLC (NYSE: CCE), and Dr Pepper Snapple Group Inc. (NYSE: DPS). Learn more about these stocks by downloading their free research reports in PDF format at:
Last Friday at the close, shares in Atlanta, Georgia headquartered The Coca-Cola Co. ended 0.22% higher at $41.03. The stock recorded a trading volume of 13.40 million shares, which was above its three months average volume of 12.26 million shares. The Company's shares are trading below their 50-day moving average by 2.85%. Furthermore, shares of Coca-Cola, which manufactures and distributes various nonalcoholic beverages worldwide, have a Relative Strength Index (RSI) of 38.32.
On October 27th, 2016, Coca-Cola announced that Barry Simpson has been promoted from his current position as head of Global Business Unit IT Services to the role of Chief Information Officer, effective immediately. In his new role, Simpson will oversee all of the company's global information technology strategy, services and operations. A nearly 30-year IT industry veteran, Simpson joined the Coca-Cola system in 2008 as Group CIO of the Coca-Cola Amatil (CCA) Group, a major Coca-Cola bottler based in Sydney, Australia. Sign up and read the free research report on KO at:
Purchase, New York headquartered Pepsico Inc.'s stock finished Friday's session 0.06% lower at $103.19. A total volume of 5.88 million shares was traded, which was above their three months average volume of 4.00 million shares. The Company's shares have advanced 5.53% since the start of this year. The stock is trading below its 200-day moving average by 0.26%. Additionally, shares of Pepsico, which operates as a food and beverage company worldwide, have an RSI of 36.16.
On November 04th, 2016, Doritos, one of the marquee brands from PepsiCo's Frito-Lay division, announced the nationwide availability of Doritos Loaded, a bite-sized, triangle-shaped snack loaded with melted cheese and covered in a crispy Doritos-flavored crust. Doritos Loaded paves the way for the next generation of snacking with its combination of warm melted cheese inside a crispy Doritos flavored crust. They're the ideal snacking size and are ready after just minutes in the oven. 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 the session 1.58% higher at $35.47. A total volume of 2.64 million shares was traded, which was above their three months average volume of 2.04 million shares. The stock has gained 1.91% on an YTD basis. The Company's shares are trading below their 200-day moving average by 4.41%. Moreover, shares of Coca-Cola European Partners, which produces, distributes, and markets a range of non-alcoholic ready-to-drink beverages in Europe, have an RSI of 32.16.
On November 10th, 2016, Coca-Cola European Partners reported interim revenue of €3.0 billion for Q3 2016, up 82.5% versus Q3 2015, reflecting the inclusion of Germany and Iberia in the quarter. Q3 2016 diluted earnings per share were €0.67 on a reported basis, or €0.66 on a pro-forma comparable basis, including a negative currency translation impact of €0.03. Separately on the same day, the company announced that Damian Gammell will succeed John F. Brock as chief executive officer. Register for free on Stock-Callers.com and access the latest report on CCE at:
Dr Pepper Snapple Group
Plano, Texas headquartered Dr Pepper Snapple Group Inc.'s shares recorded a trading volume of 1.65 million shares, which was above their three months average volume of 1.26 million shares. The stock closed 1.03% lower at $82.38. The Company's shares are trading 7.54% below their 50-day moving average. Additionally, shares of Dr Pepper Snapple, which operates as a brand owner, manufacturer, and distributor of non-alcoholic beverages in the US, Mexico, and Canada, have an RSI of 29.61.
On October 27th, 2016, Dr Pepper Snapple reported Q3 2016 EPS of $1.29, including a $0.09 tax gain, compared to $1.05 in Q3 2015. Core EPS were $1.17, up 8% compared to $1.08 in Q3 2015. For the reported quarter, net sales of $1.68 billion increased 3% on favorable product and package mix, a 1% increase in sales volumes and higher pricing. Net sales growth was reduced in the quarter by 1 percentage point of unfavorable foreign currency translation.
On October 28th, 2016, research firm UBS reiterated its 'Neutral' rating on the Company's stock with a decrease of the target price from $96 a share to $94 a share. Get free access to your research report on DPS at:
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