100.45 0.00 (0.00%)
After hours: 4:14PM EDT
|Bid||100.21 x 800|
|Ask||100.45 x 1800|
|Day's range||99.61 - 100.59|
|52-week range||95.94 - 122.51|
|PE ratio (TTM)||29.54|
|Earnings date||9 Jul 2018 - 13 Jul 2018|
|Forward dividend & yield||3.71 (3.73%)|
|1y target est||118.22|
Warren Buffett and Charlie Munger field a question about how Berkshire Hathaway is advancing gender equality in the C-suite and the boardroom at the companies in which it invests.
PepsiCo's (PEP) new product lineup, emerging market presence and cost-saving initiatives should boost profit. However, higher input costs along with weak results of NAB division pose threats.
Procter & Gamble (PG), for one, has boosted its payout for 62 straight years. Beverage firms, he says, have “superior pricing power” that’s “driven by greater channel diversity, less fragmented categories from a competitive standpoint, and lower private-label penetration.” And, he contends, “Large retailers are less likely to push beverage companies around as much.” Still, investors certainly have pushed Coca-Cola (KO) and PepsiCo (PEP) around, pummeling their stocks by 8% and 18% this year, respectively. PepsiCo is expected to increase earnings next year in the high-single-digit range, to $6.11, from an estimated $5.70 this year.
Viktor Vekselberg has been banned from doing business in America under U.S. sanctions. But as of this week, he was still the chairman of a U.S. nonprofit group that boasts support from a few Fortune 100 corporations and one of Trump's top advisors.
Shifting preference for healthier drinks has seen the carbonated soft drink market shrinking for 13 consecutive years now. Last year, bottled water accounted for $24.1 billion in sales.
This decline was caused by higher promotional allowances as a percentage of gross sales and the $9.9 million of commissions accounted as a reduction to net sales due to the adoption of the new accounting standard mentioned in part three of this series. Also, an unfavorable geographical sales mix resulting from a higher proportion of foreign sales adversely impacted the company’s gross margin. The company’s foreign operations generally carry a lower gross margin.
Monster Beverage (MNST) generated net sales of $850.9 million in 1Q18, surpassing the consensus analyst estimate of about $850 million. The company’s sales grew 14.7% on a year-over-year basis in 1Q18. This growth rate was quite an improvement compared to the 7.5% sales growth rate in 4Q17 and the 9.1% growth rate in 1Q17.
Monster Beverage (MNST) delivered adjusted EPS (earnings per share) of $0.39 in 1Q18, which was in line with the consensus analyst estimate. Monster Beverage’s adjusted EPS grew about 22% on a year-over-year basis in 1Q18. Monster Beverage’s effective tax rate was 23.3% in 1Q18 compared to 32.8% in 1Q17.
LONDON/ZURICH/LOS ANGELES (Reuters) - Nestle's $7 billion (£5.1 billion) licensing deal for Starbucks' retail business gives it a much-needed boost in its battle against JAB, the privately owned investment firm stirring up the coffee industry with a string of deals. JAB, the family office of Europe's billionaire Reimann clan, has built up the world's second-largest coffee business over the past five years. JAB is unlikely to make another major move right away, analysts say, as it is still busy with a giant deal to buy soft-drink maker Dr Pepper Snapple, turning its coffee fortress into a wider drinks empire.
Monster Beverage (MNST) stock was down 6.8% after the markets closed on May 8 in reaction to the company’s 1Q18 results. Monster Beverage’s earnings per share (or EPS) excluding one-time items were in line with the analysts’ consensus estimate. After the company’s 1Q18 results, some analysts have lowered their 12-month price target for Monster Beverage stock.
Sparkling product portfolio and the higher margin still product range are likely to drive Coca-Cola Bottling's (COKE) comparable net sales in Q1.
Monster Beverage’s (MNST) earnings were in line with analysts’ estimates in two quarters of 2017 and missed the bottom-line expectations in the other two quarters. It delivered double-digit growth in EPS (earnings per share) in each of the four quarters of 2017. For 2017, its adjusted EPS of $1.39 grew 6.9% compared to the previous year. Its reported EPS grew 19% to $1.42 in 2017.
Monster Beverage (MNST) is expected to announce its 1Q18 results after the markets close on May 8. The stock of this leading energy drinks maker has fallen 16.7% on a YTD (year-to-date) basis as of May 2. It fell 14.4% on March 1 when the company missed analysts’ expectations for 4Q17. Investors were also disappointed with the slowdown in its 4Q17 sales growth rate.
The consumer staples sector is an important sector in the S&P 500 Index (SPY). It is also an important sector for investors due to its defensive nature. The Consumer Staples Select Sector SPDR ETF (XLP), which tracks the performance of the consumer staples sector, fell 4.1% in April 2018, while the broader market S&P 500 Index (SPY) rose 0.28%.
Starbucks (SBUX) announced its fiscal 2Q18 results on April 26. The revenue grew ~14% to $6.03 billion and surpassed the consensus estimates by 1.7%. The company’s EPS (earnings per share) increased to $0.53—compared to $0.45 in 1Q17. The EPS surpassed the consensus estimate of $0.53.
Estee Lauder, Molson Coors, Facebook, Xerox and Verizon are the companies to watch.
PepsiCo’s (PEP) 12-month forward PE (price-to-earnings) ratio increased ~1.0% to 17.9x on April 26 after the company’s fiscal 1Q18 results. As we discussed previously in this series, PepsiCo exceeded analysts’ revenue and earnings expectations for fiscal 1Q18. Coca-Cola (KO), which reported its 1Q18 results on April 24, was trading at a 12-month forward PE ratio of 20.1x as of April 26.
PepsiCo’s (PEP) gross margin declined by 110 basis points on a year-over-year basis to 55.0% in fiscal 1Q18, which ended on March 24. On an adjusted basis, the company’s gross margin fell by 75 basis points. PepsiCo’s gross margin was impacted negatively by input cost inflation.
In fiscal 1Q18, PepsiCo’s (PEP) snack food business continued to outperform its North America Beverages segment. The Frito-Lay North America segment’s reported and organic revenue grew 3.4% and 3%, respectively, in fiscal 1Q18. A higher volume, increased pricing, and innovation drove the Frito-Lay segment’s top-line growth.