|Bid||49.78 x 3200|
|Ask||49.79 x 900|
|Day's Range||49.60 - 50.00|
|52 Week Range||41.45 - 50.24|
|Beta (3Y Monthly)||0.28|
|PE Ratio (TTM)||89.09|
|Earnings Date||Oct 23, 2018 - Oct 29, 2018|
|Forward Dividend & Yield||1.56 (3.14%)|
|1y Target Est||51.48|
The bears are starting to gain control of the stock market, as investors once again gravitate to perceived safe-haven companies with decent dividend yields.
Insider Monkey has processed numerous 13F filings of hedge funds and famous investors to create an extensive database of hedge fund holdings. The 13F filings show the hedge funds and investors’ positions as of the end of the third quarter. You can find write-ups about an individual hedge fund’s trades on numerous financial news websites. […]
Growing legalization of recreational marijuana use has given the beverage industry a much-needed inspiration boost. Headquartered in New York, Pepsi, with a market cap of $165.83 billion, manufactures and distributes nonalcoholic beverages as well as a range of grain and snack foods.
As the new trading week kicks off, it’s the stock charts of Coca-Cola (NYSE:KO), Mondelez International (NASDAQ:MDLZ) and Ralph Lauren (NYSE:RL) that may be holding the most potential for traders. Exactly one week ago, Coca-Cola earned a spot on this list of noteworthy stock charts.
As we noted in the previous part, President Trump’s Section 232 tariffs have lifted US steel prices and boosted steel companies’ earnings. While US steel companies like U.S. Steel Corporation (X) have benefited from higher steel prices, downstream steel users have been crying foul about higher steel and aluminum prices in the United States (SPY).
Monster surprised the market late Wednesday with news of a dispute with Coca-Cola over the latter’s plans to launch energy-type drinks, which may breach the terms of their strategic partnership.
The company’s third-quarter financial results, reported Wednesday, beat analyst estimates. But investors focused on its relationship with Coca-Cola instead.
Monster Beverage’s (MNST) net sales increased 11.7% to $1.02 billion in the third quarter due to continued demand for its energy drinks. The company’s third-quarter sales were impacted negatively by $11.6 million due to the adoption of an accounting standard and currency headwinds of $5.3 million. Advance purchases made in anticipation of price increases (effective in November) for certain Monster energy drinks had a favorable impact on the third-quarter net sales by $16.0 million.
Monster Beverage (MNST) announced its third-quarter results after the financial markets closed on November 7. Monster Beverage beat analysts’ sales and earnings expectations for the third quarter. However, Monster Beverage stock declined 3.2% on November 8. The decline reflected the news of an arbitration regarding a dispute between Monster Beverage and Coca-Cola (KO).
A while ago a friend of mine sent me a great gift - an electronic file that has all the transcripts of Berkshire Hathaway (NYSE:BRK.A)(NYSE:BRK.B)'s annual meetings between 1994 and 2018. Warning! GuruFocus has detected 4 Warning Sign with BRK.A. Click here to check it out. 1. Question on why insurance business intrinsic value is well above the book value of the business.
BlackRock Inc. has issued a request for proposals to Atlanta office landlords, as the company begins seeking office space for its new U.S. hub. The RFP comes almost two weeks after the global asset management giant announced it chose Atlanta for its newest innovation center, which it expects to grow to 1,000 employees over the next several years. BlackRock (NYSE: BLK) is seeking short-term office space, but will scale-up over the next few years as it settles into a permanent location.
Georgia still has a long way to go. Men hold hold 84.6 percent of the board seats. And there are 39 (31.7 percent) public companies in Georgia with no women on their boards.
Coca-Cola Co. plans to launch Coke-branded energy drinks, returning to a growing category that would put the beverage giant in competition with partner Monster Beverage Co. Coke’s plans became public on Wednesday when Monster executives disclosed that Coke had filed an arbitration claim to resolve a dispute over whether a proposed product called Coca-Cola Energy would violate a deal the companies struck in 2015. As part of that deal, Coke bought a 16.7% stake in Monster and agreed to distribute the company’s products in the U.S. and Canada, later expanding the agreement to include distribution in other markets overseas.
Australian-listed Coca-Cola Amatil (CCL.AX), which distributes Coke in the region, recently disclosed it was holding more of PNG's kina (PGK=) currency than it wanted due to foreign exchange restraints, a complaint echoed by other big businesses. The restrictions, used to prop up the kina by fixing its value in a narrow band, have created a shortage of dollars and a weeks-long queue to buy them.
Coca-Cola has mastered the business of getting its sweet, fizzy drinks into even the most isolated of Papua New Guinea's far-flung tropical islands and mountain villages. Australian-listed Coca-Cola Amatil, which distributes Coke in the region, recently disclosed it was holding more of PNG's kina currency than it wanted due to foreign exchange restraints, a complaint echoed by other big businesses.
Monster Beverage[ticker symb=MNST] shares dropped after Coca-Cola[ticker symb=KO] revealed it's developing its own energy drinks which could compete with the brand. The soft drink behemoth had touted the smaller firm as its "exclusive energy play" when it agreed in 2014 to take a 16.7% equity stake in the energy drink maker as part of a distribution partnership. Monster said it is...