107.92 +0.31 (0.29%)
Pre-Market: 8:00AM EDT
|Bid||106.99 x 1300|
|Ask||108.00 x 1800|
|Day's Range||104.84 - 107.75|
|52 Week Range||95.94 - 122.51|
|PE Ratio (TTM)||31.64|
|Forward Dividend & Yield||3.71 (3.55%)|
|1y Target Est||N/A|
Before White Castle hands over the password to its coveted social media accounts, members of its marketing team have to do one thing — flip some burgers. A single shift at the iconic burger chain is just one prerequisite to getting the keys to The Castle's Twitter TWTR account, but it's an important tradition, Lynn Blashford, vice president of marketing for White Castle, told CNBC. White Castle is just one of many fast-food chains using social media for more than just promoting new menu items and value offers.
Gatorade's use of its name and the G-bolt design in association with The Sports Fuel Company helped it win a federal court trademark infringement case. PepsiCo, Inc.'s wholly owned subsidiary The Gatorade Company is in no jeopardy of losing its registration or right to use its advertising slogan "Gatorade The Sports Fuel Company." An Illinois federal court judge has ruled that a trademark infringement action filed by SportFuel, Inc., owner of the registered trademark "SPORTFUEL," does not deserve the right to have its case originally filed in August 2016 heard in front of a jury, giving Gatorade a win at the summary judgment phase of the litigation. It was an important case for Gatorade, which is in a similar line of business as SportFuel and calls itself a sports fuel company on much of its advertising and packaging.
Essentia hires Credit Suisse to lead a sale of the company. The brand has roughly $100 million in annual sales and could attract interest from large consumer companies like Pepsi or Nestle. Premium water company Essentia has hired an investment bank to run an auction for the company, sources familiar with the matter told CNBC, and it could fetch $500 million or more in a sale.
MEXICO CITY (AP) — Mexicans are among the biggest soda drinkers in the world, so residents of the southern city of Ciudad Altamirano were hit hard when first Coca-Cola then Pepsi closed their distribution centers amid drug gang extortion demands.
"Beverages have more pricing power than the food companies and are able to take price [raise prices]," BMO Capital Markets analyst Amit Sharma told TheStreet on Tuesday, June 12. Sharma said beverage consumers believe they get more value from drinks than food products and tend to be more loyal to brands and that there are far fewer private labels in the drinks space than in the foods sector. Prices for the aluminum used in cans for beer and nonalcoholic drinks are rising, largely thanks to the 10% tariffs imposed by President Trump on imported aluminium beginning in March.
Shares of The Coca-Cola Co. ( KO) have had a difficult start to 2018, with shares of the stock down by about 3%, and over 8% off their highs. The bullish outlook for the stock comes despite shares trading at a lofty valuation when compared to the broader-based S&P 500. The long straddle options strategy is pricing in shares of Coke to rise or fall by roughly 9% by expiration in January, from the $45 strike price.
Matthew Turk, who said he owns more than 1.9 million shares of Senomyx's common stock, said in the letter that he is skeptical of the San Diego-based company's announced plans to explore a strategic review. Turk said in the letter that Senomyx shares have lost 78 percent of their value since the company went public in 2004, under the direction of Chairman Kent Snyder and Chief Executive Officer John Poyhonen. "There must not be a slow liquidation of Senomyx, but rather a complete sale either in whole or in parts as quickly as possible to preserve remaining shareholder value," Turk said.
The bottled water market is poised to grow further in over the next few years. This has made beverage companies reorient their business strategy and redesign their portfolio with increased focus on bottled water.
A shareholder is calling on flavoring company Senomyx Inc that works with PepsiCo Inc to drop its current chairman, to sell itself and add a new board seat, according to a letter reviewed by Reuters. One of the company's large shareholders, Matthew Turk, who said he owns 4 percent of shares, or more than 1.9 million shares of common stock, is skeptical of the San Diego company's announced plans to explore a strategic review, and hopes to turn around its fortunes after its stock has lost 78 percent of its value since it went public in 2004, the investor said in the letter on Tuesday. Last month, International Flavors & Fragrances Inc agreed to buy Israeli flavors and ingredients maker Frutarom Industries Ltd for $7.1 billion in cash and stock.
An exclusive bottler of PepsiCo Inc. is halting operations in a Mexican town where it has become too dangerous to operate, almost three months after rival Coca-Cola Femsa did the same. The company, Grupo Gepp, suspended beverage-distribution operations in Ciudad Altamirano, about 170 miles (275 kilometers) southwest of Mexico City, “to guarantee the security of its people and its supply chain,” PepsiCo said in an emailed statement. In a separate statement, Grupo Gepp, which bottles and distributes beverages for PepsiCo in Mexico, said the closure was temporary.
In this daily bar chart of PEP, below, we can see that prices have rallied above the still declining 50-day moving average line. The daily On-Balance-Volume (OBV) line has moved up to a new high to match the gains in price. The Moving Average Convergence Divergence (MACD) has risen and is close to moving above the zero line for an outright go long signal.
VMG Partners is set to make a more than three-times return on the exit of Bare Foods Co., said a person familiar with the matter, as healthy snacks continue to drive much of the food-and-beverage industry’s deal flow. The business also received venture-capital backing in 2013 through a $9.25 million round led by NGEN Partners. PepsiCo is among other established food-and-beverage businesses pursuing acquisitions to increase scale, particularly by going after young, fast-expanding brands in the better-for-you category.
For 60 pancakin' years, we've been IHOP. The cry for attention from IHOP, which is owned by Dine Brands Global Inc. AOL - America Online was one of the earliest internet service providers, offering regular Americans access to the internet on a mass scale for the first time in the mid-90's. However, the company started off its life in 1985 under the less catchy name Quantum Computer Services.
Less than a month after releasing The Coca-Cola Co.'s first alcoholic drink, the Japanese business unit launched Coca-Cola Clear.
In this updated daily bar chart of PEP, below, we can see that prices are still below the declining 50-day moving average line. The daily On-Balance-Volume (OBV) line improved in late May and looks like it has made a minor peak. In this weekly bar chart of PEP, below, we can see that prices are below the declining 40-week moving average line.
Some indexes screen out highly volatile stocks as measured by standard deviation, while others employ more complicated algorithms that go beyond individual stock volatility to see how stocks interact with each other. To find some cheap low-volatility stocks with good prospects, we started with the holdings of the S&P 500 Low-Volatility Index. This index tracks the 100 least volatile stocks in the S&P 500, with volatility measured by standard deviation over the trailing 12 months. Dominion Energy recently changed its name from Dominion Resources.
GENEVA (AP) — The Trump administration has torpedoed a plan to recommend higher taxes on sugary drinks, forcing a World Health Organization panel to back off the U.N. agency's previous call for such taxes as a way to fight obesity, diabetes and other life-threatening conditions.
Monster Beverage (MNST) stock rose 5.4% to $51.96 on May 30 in reaction to the company’s announcement of its new share repurchase program. Monster Beverage’s board of directors has approved a new share repurchase program that authorizes the repurchase of up to $500 million of the company’s common stock. Monster Beverage exhausted its authorized limit of $250 million under its previous share repurchase program.