|Bid||42.43 x 100|
|Ask||42.49 x 100|
|Day's Range||41.90 - 42.89|
|52 Week Range||41.90 - 48.62|
|PE Ratio (TTM)||145.31|
|Forward Dividend & Yield||1.56 (3.50%)|
|1y Target Est||N/A|
Dr. Pepper Snapple, Anthem, Google and AMC are the companies to watch.
There was no one shouting “Killer Coke.” There were no protesters out in front. There were no angry vocal shareholders. There were no combative exchanges with executives.
Coca-Cola European Partners' (CCE) focus on brand and packaging innovation and improving operating efficiency will reflect in Q1 results.
As of April 20, PepsiCo (PEP) was trading at a 12-month forward PE (price-to-earnings) ratio of 18.0x. The company’s valuation multiple has fallen 8.8% since it released its fiscal 4Q17 results in February 2018. PepsiCo’s ratio is higher than the S&P 500’s 17.1x.
Productivity, cost saving plans and innovations will continue to exhibit strength for the beverage stocks amid a challenging space. However, weak CSD volumes and higher input costs pose risks.
Demand for fizzy drinks is waning. JAB, owner of coffee business Keurig, has not bagged the market leader either: Dr Pepper Snapple comes third in the world market, with 5 per cent of sales. This raises suspicions that the real driver for the Keurig-Dr Pepper combination was not the strength of Orangina and Canada Dry, but the chance to cut costs and appropriate the company’s US bottling and sales network.
Coca-Cola’s Diet Coke returned to volume growth in North America for the first time since 2010 after the drinks company added four new flavors.
Couple Coke's misses with lingering concerns over slow growth in the center-aisle of supermarkets and 10-year yields climbing beyond 3% for the first time dating back to 2014 (bad for highly leveraged consumer staple companies), and investors saw little reason to rotate into the sector.
PepsiCo’s (PEP) earnings surpassed analysts’ estimates in all quarters of fiscal 2017. Analysts expect the company’s adjusted EPS (earnings per share) to fall 1.1% to $0.93 in fiscal 1Q18, which ended on March 24, 2018. Its revenue is expected to be impacted by higher commodity costs.
While PepsiCo’s (PEP) revenue has grown for the past five consecutive quarters, closest rival Coca-Cola (KO) has reported lower revenue for 11 straight quarters. In fiscal 4Q17, PepsiCo’s revenue grew by a mere 0.1% year-over-year to $19.5 billion. PepsiCo’s volumes were flat in 4Q17 as a 2% rise in snack food volumes was offset by a 2% fall in beverage volumes.
Coca-Cola beat Wall Street estimates in the first quarter on more demand for Coke Zero Sugar and new flavors under its Diet Coke brand. Aleksandra Michalska reports.
Brett Cooper, Consumer Edge Research beverage analyst, discusses Coca-Cola's quarterly earnings report and the moves in the beverage giant's stock price.