136.32 +0.07 (0.05%)
After hours: 6:55PM EDT
|Bid||136.34 x 800|
|Ask||136.34 x 1000|
|Day's range||136.25 - 137.37|
|52-week range||105.03 - 140.45|
|Beta (3Y monthly)||0.47|
|PE ratio (TTM)||15.50|
|Earnings date||30 Sep 2019 - 4 Oct 2019|
|Forward dividend & yield||3.82 (2.80%)|
|1y target est||139.65|
Coca-Cola had an impressive sales performance in the third quarter. The company’s third-quarter revenues benefited from higher organic sales.
Coca-Cola (KO) is scheduled to report its third-quarter earnings on Friday. The company’s top-line growth rate could accelerate more in the third quarter.
Global bottled water giants are ramping up trials of easily recyclable aluminum cans to replace plastic that pollutes the world's seas. Aluminum cans might indeed mean less ocean waste, but they come with their own eco-price: the production of each can pumps about twice as much carbon into the atmosphere as each plastic bottle. French group Danone has become the latest company to make a move, telling Reuters it had started to replace some plastic bottles with aluminum cans for local water brands in Britain, Poland and Denmark.
Efforts to boost productivity, improved pricing and marketing initiatives may have aided Consumer Staples companies in the September quarter, while high costs and macro factors are likely to have hurt.
With Q3 2019 earnings season set to heat up when the big banks start to report on Tuesday, October 15, it's time to see what investors should expect from Coca-Cola...
(Bloomberg Opinion) -- Why should society permit the existence of food companies that contribute to poor health? The standard answer is that people should be allowed to make bad choices about what they eat and drink. But that’s a slippery defense when the consumers are children and the choices they face are loaded against their wellbeing, as Thursday’s British government report on childhood obesity makes clear.The snacks industry — from Mondelez International Inc. to Coca-Cola Co. and from Nestle SA to the Kraft Heinz Company — needs to rethink its purpose, and strategy, if its license to operate is to endure.Former U.K. chief medical officer Professor Sally Davies, the report’s author, cites multiple causes for a saddening rise in obesity among England’s 10-11-year-olds since 1990. The giant food brands are only part of the problem but that hardly absolves them from leading the solution. As Davies says, cheap unhealthy food tends to be the most readily available. Portion inflation is rampant. Advertising or sponsorship is pervasive. Healthy options are often unaffordable for those on low incomes, while the unhealthy options are cheap.Davies’s recommendations include some radical ideas. The U.K. public may be banned from eating and drinking on public transport. Industry faces calorie caps on food portions consumed “out-of-home,” tiered VAT on unhealthy food, plain packaging and the end of tax deductibility of marketing costs for unhealthy products. These may just be proposals. But the direction of travel is clear.This is what happens when an industry fails to self-regulate to mitigate its worst effects. Governments wake up. The food and drink industry is a big employer and a big taxpayer. Even so, the economics favor intervention. The medical costs of obesity, coupled with lost productivity, are 3% of global GDP, according to McKinsey research from 2014. Today’s unhealthy children are tomorrow’s sick workforce.The U.K. Food and Drink Federation, the lobby group, says “punitive action” might hinder continuing the progress the manufacturers have already made in cutting salt, sugar and calories from their products over the last four years. It says the industry must “take the consumer with us.” The question is whether it is taking itself and its customers to an early grave. The industry needs to see this problem as an opportunity not a threat. First, it should be clear about its role in society. Making treats that people want to eat can be a good reason for a corporation to exist, but not when it adds to a public health crisis. This doesn’t mean PepsiCo Inc. ending production of Doritos. But it does mean defining responsibly what the target market — and age group — is for such products. And it requires combining marketing with education.At the same time, food manufacturers should redouble their efforts to innovate healthier, cost-effective alternatives to sugar and salt. This is a chance for the food giants to think about the huge market for healthy snacks. Food technology has a vital role here and it’s best mediated by the private sector. R&D has already helped, as with the development of Nestle’s so-called hollow sugar.This week the OECD proposed reforms to corporate taxation, which would allow governments to tax digital companies that generate revenues in countries where they have no physical presence. The food industry faces a similar revenue challenge. Its products will be subject to extra taxes in certain markets until they start to use their well-funded research labs to help meet national health objectives.It’s not clear that the sector sees obesity as a strategic issue yet. Unilever NV is recycling plastic packaging but still aiming to sell lots more Ben & Jerry’s ice cream. The debate among investors about what stocks to divest centers on fossil fuels right now. If food companies don’t act, they’ll join tobacco and oil in the sin bin.\--With assistance from Lara Williams.To contact the author of this story: Chris Hughes at email@example.comTo contact the editor responsible for this story: James Boxell at firstname.lastname@example.orgThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Chris Hughes is a Bloomberg Opinion columnist covering deals. He previously worked for Reuters Breakingviews, as well as the Financial Times and the Independent newspaper.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
Check out these three cloud-focused SaaS stocks we found using our Zacks Stock Screener for tech investors to consider buying in the fourth quarter of 2019...
Higher earnings and revenues in the third quarter, and a strong advertisement plan seem to pave the path for PepsiCo's success. Here's what you need to know.
(Bloomberg) -- PepsiCo Inc. has joined the charge to make green bonds more mainstream as the soda giant priced its debut sale of the debt.The company offered $1 billion of senior unsecured green securities, according to a person with knowledge of the matter. The 30-year bonds will yield 92 basis points above Treasuries, after initially discussing 110 basis points, said the person, who asked not to be identified as the details are private. That’s the larger end of its targeted range, and at the lower end of price talk, the person said.Pepsi plans to invest the proceeds in sustainable development goals as defined by the United Nations, including eco-friendly plastics and packaging and cleaner transportation, according to a filing Monday. The packaged food and beverage company already has about $34 billion of debt outstanding, but this is its first green bond.The company’s existing 30-year bonds due 2049 currently trade about 94 basis points wider than similarly dated Treasuries, according to Trace bond price data. CreditSights analysts James Dunn and Ben Morgan said earlier Monday that the new notes would likely price closer to those outstanding, especially given the green attributes of the bonds.‘Fits In’Also working in Pepsi’s favor is that it’s a well-known, highly-rated issuer that’s in the market often and people understand, said Tony Trzcinka, a portfolio manager at Impax Asset Management, which specializes in sustainable finance.“It’s important on the corporate side for most investors that these are benchmark-type issues with seasoned issuers that are investment-grade quality,“ Trzcinka said. “It’s something that fits right in, so it’s a very easy bond to buy.”Investors had placed orders worth as much as $3.65 billion, according to another person with knowledge of the matter. Pepsi had been aiming to sell between $750 million and $1 billion of the bonds, the person said.Morgan Stanley, Goldman Sachs Group Inc. and Mizuho Financial Group Inc.managed the deal, with Morgan Stanley serving as green structuring adviser, according to a bond prospectus.Proceeds from the deal are also marked for tree planting and for projects that will improve Pepsi’s operational water-use efficiency, according to a statement Monday. The company said it has named Simon Lowden as its first chief sustainability officer, who had been global foods president.Gaining PopularityGreen bonds are a small fraction of the $5.8 trillion U.S. investment-grade corporate bond market, but increasing in popularity as companies develop initiatives to combat climate change. Over $120 billion worth of green bonds were issued in the first half of 2019, up from $85 billion in the last six months of 2018 according to BloombergNEF.Pepsi’s rival Coca-Cola Co. earlier this year amended a loan issued in June 2015 to include a sustainability element, and both companies have pledged to use more recycled plastic in their bottles over the next decade. Sustainable debt tools like green bonds are a potential way for beverage companies to fund transition activities toward a more environmentally and socially sustainable future, said Daniel Shurey, head of green finance at BloombergNEF.“A key example would be using a green bond to finance the improvement of water and wastewater management, which is a material environmental factor for beverage companies,” Shurey said in an email Monday.(Updates with bond managers in eighth paragraph)\--With assistance from Michael Gambale and Craig Giammona.To contact the reporters on this story: Molly Smith in New York at email@example.com;Caleb Mutua in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Nikolaj Gammeltoft at email@example.com, Shannon D. Harrington, Michael HythaFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
The Zacks Analyst Blog Highlights: Verizon Communications, PepsiCo, Biogen, Bank of New York ??? Mellon and Cerner
PepsiCo reported solid 3Q19 results on October 3 and said organic revenue growth would 'meet or exceed' its 4% target. We note that management typically issues cautious guidance at the beginning of the year and raises it in later quarters.
Another round of worrisome U.S. economic data, this time from the services sector. President Trump and the U.S. are set to roll out new tariffs on the EU. A look at PepsiCo (PEP) and others. And why Crocs is a Zacks Rank 1 (Strong Buy) stock.
Wall Street climbed on Thursday after data showing services-sector activity at a three-year low fueled expectations that the Federal Reserve would cut interest rates to stem a wider economic downturn. Microsoft rose 1.2% and Facebook added 2.7%, the two contributing more than any other companies to the S&P 500's gain. The market dropped after the Institute for Supply Management (ISM) said its non-manufacturing activity index fell to a reading of 52.6 in September, the lowest since August 2016.
Since taking the helm last October, Chief Executive Officer Ramon Laguarta has carved out a multi-billion dollar strategy, which includes partnering with celebrities such as Chrissy Teigen and ramping up manufacturing capacity for smaller cans, to boost demand for out-of-favor sugary sodas. The company has splurged on new ads for its trademark Pepsi colas, as well as Mountain Dew and Gatorade beverages, rounding off with a campaign centering around the National Football League's 100th anniversary. Gatorade sales have been revived by a zero-sugar version of the sports drink, and PepsiCo said retail sales of the variant have surpassed half a billion dollars since the launch in May 2018.
PepsiCo (PEP) reports earnings and revenue beat in third-quarter 2019 on top-line growth across all segments as well as robust pricing.