113.10 0.00 (0.00%)
After hours: 4:40PM EDT
|Bid||112.81 x 900|
|Ask||113.39 x 1300|
|Day's Range||112.11 - 113.48|
|52 Week Range||95.94 - 122.51|
|PE Ratio (TTM)||35.22|
|Earnings Date||Oct 2, 2018 - Oct 8, 2018|
|Forward Dividend & Yield||3.71 (3.27%)|
|1y Target Est||117.95|
Coke is investing in BodyArmor, a sports drink brand, that’s backed by big-name athletes. Yahoo Finance’s Alexis Christoforous, Melody Hahm and Editor-in-Chief Andy Serwer discuss how this stake could make a huge difference for the company.
Coca-Cola Co. is buying a stake in BodyArmor, the sports drink startup backed by Kobe Bryant and other athletes, marking the latest attempt by the beverage giant to break Gatorade’s lock on the sports market. In addition to taking a minority stake, Coca-Cola’s bottling system could soon begin distributing BodyArmor’s drinks, executives said. The deal would also allow Coke to later take full ownership of the upstart, they added.
PURCHASE, N.Y., Aug. 14, 2018 /PRNewswire/ -- PepsiCo, Inc. (NASDAQ: PEP) today announced that it will issue its third quarter 2018 (ending September 8) financial results on Tuesday, October 2, 2018 at approximately 6:00 a.m. Eastern Daylight Time (EDT) by posting the results on the company's website at www.pepsico.com/investors. The results will also be furnished to the Securities and Exchange Commission (SEC) on a Form 8-K, which will be available on the SEC's website at www.sec.gov. PepsiCo products are enjoyed by consumers more than one billion times a day in more than 200 countries and territories around the world. PepsiCo generated more than $63 billion in net revenue in 2017, driven by a complementary food and beverage portfolio that includes Frito-Lay, Gatorade, Pepsi-Cola, Quaker and Tropicana.
The Coca-Cola Co (NYSE: KO)'s Powerade may never been able to match up with PepsiCo, Inc (NASDAQ: PEP)'s Gatorade, but Coca-Cola has a new plan to win the sports drink wars. What Happened? Coca-Cola announced Tuesday it has acquired a minority stake in the fast-growing sports drink company BodyArmor, with a path to ownership under defined terms.
Coca-Cola Co is buying a minority stake in a sports drink brand backed by basketball star Kobe Bryant, it said on Tuesday, seeking to mount a stronger challenge to PepsiCo's Gatorade. Coca-Cola's investment in BodyArmor - which will make it the brand's second largest shareholder - comes as its Powerade drink steadily cedes market share to Gatorade.
PURCHASE, N.Y., Aug. 14, 2018 /PRNewswire/ -- Pepsi today announced that its The Sound Drop platform is back, with critically acclaimed pop hip-hop maverick Bryce Vine as the latest rising star to join The Sound Drop platform, created to amplify emerging artists in an impactful way.
Coca-Cola has agreed to buy a stake in a sports drink maker backed by US basketball star Kobe Bryant, in the hope of loosening the hold that PepsiCo’s Gatorade has over the lucrative market. The drinks group, whose portfolio spans juice and water as well as fizzy soft drinks, said it would take a minority stake in BodyArmor and had signed an agreement that gave it a path to full ownership. Coca-Cola said BodyArmor’s sales had been doubling each year for four years.
BodyArmor is pitched as a better-for-you sports drink, and is marketed by younger athletes, such as Los Angeles Angels outfielder Mike Trout and New York Knicks center Kristaps Porzingis.
Let the sports drink wars truly begin. said Tuesday it will take a stake in surging sports drink brand BodyArmor. Coca-Cola said the deal is structured in a way that allows it to increase its ownership percentage in the future.
Key story highlights: The crisis engulfing Maryland football will cause short-term damage to program finances, experts say. Long-term damage is likely to be minimal if Maryland handles the situation appropriately. The University of Maryland football program's current crisis — sparked by the June death of 19-year-old tackle Jordan McNair and allegations of rampant bullying and abuse in an ESPN report published Friday — will likely cost the school real money in the short run, but experts say it's unlikely to have a lasting financial effect.
Monster Beverage’s (MNST) 12-month forward PE multiple increased 0.8% to 32.4x on August 9 in reaction to the company’s second-quarter earnings results.
Former presidential adviser Omarosa Manigault Newman leveled a number of damaging claims against the White House on Sunday, and accused Chief of Staff John Kelly. Former presidential adviser Omarosa Manigault Newman leveled a number of damaging claims against the White House on Sunday, and accused Chief of Staff John Kelly of brandishing a threat against her as she was fired. During an appearance on NBC's "Meet the Press" connected to a tell-all book, Manigault Newman sought to refute a number of reports in the media that she said unfairly portrayed her as desperate to keep her job.