|Bid||54.41 x 4000|
|Ask||54.46 x 4000|
|Day's Range||54.17 - 54.50|
|52 Week Range||44.42 - 55.92|
|Beta (3Y Monthly)||0.41|
|PE Ratio (TTM)||30.05|
|Earnings Date||Feb. 12, 2020 - Feb. 17, 2020|
|Forward Dividend & Yield||1.60 (2.95%)|
|1y Target Est||58.71|
World's first investment fund dedicated to preventing ocean plastic in South and Southeast Asia from entering Asian oceans; Biggest investment capital committed towards Asia's ocean plastic crisis; First investments targeted in Asia by the end of 2019 Singapore, Singapore--(Newsfile Corp. - December 4, 2019) - Circulate Capital, the investment management firm dedicated to incubating and financing companies and infrastructure that prevent ocean plastic in South and Southeast Asia (SSEA), today announced the first close ...
Investors can buy low cost index fund if they want to receive the average market return. But in any diversified...
Domino's (DPZ) gains from digitalization, expansion plans and sales building initiatives. Yet, lowered long-term view and currency headwinds are worrisome.
Hanesbrands' (HBI) Champion brand partners with Coca-Cola to create a limited edition capsule collection of men's and women's clothing and accessories.
Monster Beverage (MNST) gains momentum in its energy drinks category driven by the Monster Energy brand. Also, its efforts to innovate and launch products bode well.
Costa Coffee announced today that Dominic Paul will step down as CEO of the company effective Nov. 30. Paul has led Costa through a strong growth phase, along with the sale of Costa to The Coca-Cola Company, the complex separation from Whitbread and the development of Costa’s new growth strategy. “Dominic led a significant reshaping of Costa’s international footprint, the expansion of the brand across multiple new platforms and a wide-ranging reset of the core UK business strategy,” said Jennifer Mann, president of Global Ventures for The Coca-Cola Company, parent of Costa.
Drinks group Coca-Cola said on Tuesday it would start using PET bottles in Sweden made only of recycled plastic in a first step towards expanding its use of recycled plastic in western Europe. Coca-Cola said the switch at its Jordbro factory south of Stockholm would enable the company to use around 3,500 tonnes less of virgin plastic annually. "That means a 25% reduction of CO2 emissions annually compared with before the transition, when the portfolio consisted of around 40% recycled plastic," it said, referring to its Swedish operations.
(Bloomberg Opinion) -- As U.S. political opposition hardens to TikTok, the globally popular video app from Beijing-based ByteDance Inc., some inside the company want to find ways to make the business appear to be less Chinese. That’s a smart move, aimed less at critics in Congress and more at two other East Coast power centers: Madison Avenue and Wall Street.TikTok delivers short, user-generated videos to international audiences. A Chinese version, called Douyin, looks and functions similarly but is focused on domestic users. The company has been reducing the amount of content from China that appears on the broader service, the Wall Street Journal reported Monday. The idea is to give TikTok a more independent, internationally focused business. Talk of a rebrand comes amid a U.S. foreign-investment review and criticism over the user data that TikTok gathers. Prominent U.S. senators have accused the company of censoring content on behalf of the Chinese government and called for a national security review into its 2017 purchase of social-media company Musical.ly. While founded in Shanghai, Musical.ly had an office in California. It was merged into TikTok in 2018, a move that helped it gain more than 100 million app downloads in the U.S.One of the senators, Josh Hawley, tweeted after the WSJ report that TikTok “doesn’t need a rebrand, it needs to sever ties with China.” He’s currently the youngest senator, at 39 around a quarter-century older than Tik Tok’s core demographic. Yet he isn’t the target audience for ByteDance’s efforts.For TikTok to be a true success, it needs to appeal to the likes of Nike, Coca-Cola and McDonald’s. Its advertising business is ready to take off because it has direct access to that all-powerful youth demographic. Yet big corporate names tend to be wary of risking their brands on a new content service. Allegations that TikTok is a tool for Chinese authoritarianism and censorship make it harder for ad execs to sell.Martin Sorrell, founder of the world’s largest advertising firm, WPP Plc, is among those who see big money to be made from TikTok, especially as an opportunity to reach teenagers, he told Bloomberg. Sorrell also believes ByteDance should “probably not” be subject to a review by the interagency Committee on Foreign Investment in the U.S., which is chaired by the Commerce Department.With a valuation of $75 billion, ByteDance is the world’s most valuable startup and counts SoftBank Group Corp. and Sequoia Capital among its shareholders, according to CB Insights. For those investors to cash out, ByteDance will need to list on an international bourse — Hong Kong and New York are leading contenders. ByteDance executives want to build up its international operations before considering an international public offering, Bloomberg wrote last month, after reports it plans an imminent Hong Kong listing. It has hired chiefs for its businesses in the U.S. and India and plans to expand in Australia and Europe. Doing so would help sell the idea that TikTok is not a Chinese content platform.That would simplify making TikTok a separate entity, which ByteDance could then list at a lower and more easily digested market valuation. It could also make it easier to keep the core business — including Douyin and news aggregator Toutiao — close to home, remaining under Beijing’s watchful eye.For such a spinoff to happen, TikTok has to be seen as a viable international company free from censorship and spying. It’s a business case as much as a political one.To contact the author of this story: Tim Culpan at email@example.comTo contact the editor responsible for this story: Patrick McDowell at firstname.lastname@example.orgThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Tim Culpan is a Bloomberg Opinion columnist covering technology. He previously covered technology for Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
(Bloomberg Opinion) -- It is a bad time to buy into an oil company whose major asset is reserves in the ground that can sustain current production levels of the carbon-laden fossil fuel until near the end of the century. Oil lost its place in the power generation market after the oil shocks of the 1970s, and it is now starting to see serious competition for powering cars, buses and trucks along with the first signs of viable alternatives for fueling maritime transport. Oil’s domination in air transport looks safer for now, and the industry forecasts the strongest growth in petrochemicals that go into everything from plastics and fertilizers to electronic gadgets and clothing. But the tide of history is moving firmly against fossil fuels.Saudi Aramco may boast that it holds the rights to the largest reserves of crude with the lowest carbon footprint to extract, but that rather misses the point. The climate concerns around oil are not about the carbon cost of getting it out of the ground, but of what is done with it afterward.The oil age may not be over — far from it — but oil is facing unprecedented headwinds. Here’s a sample from recent weeks and months:Venice Mayor Luigi Brugnaro said last week that climate change is menacing the historic maritime city, which suffered its second-highest tide on record. Parts of northern England are suffering their worst flooding in decades, and millions were displaced as Cyclone Bulbul hit Bangladesh and northern India.Storms and floods are not new, but they are becoming more severe, more frequent and causing more damage as sea levels rise and the climate changes — developments that are linked, at least in part, to the burning of fossil fuels.Unprecedented bushfires are ravaging parts of eastern Australia rendered tinderbox dry by a two-year drought. Wildfires forced hundreds of thousands of Californians to flee their homes earlier this month. Russia is suffering one of its worst years this century for forest fires. Once again, climate change is contributing to the creation of the hot, dry conditions that have allowed the fires to spread.Climate change is also melting Russia’s permafrost. Not a problem for Saudi Aramco, perhaps, but certainly one for Russia’s oil industry, which relies on infrastructure built in the 1970s on ground that is no longer able to support the weight it was 40 years ago.Mounting climate concerns are inexorably turning public opinion against hydrocarbons, including oil.What’s more, pollution caused by leaking pipelines, accidents involving oil tankers, or drilling rigs are all increasing the pressure on the oil and gas industry. Particulate emissions from burning fossil fuels are behind elevated mortality rates, leading to stricter controls on ship fuels, measures to push cars and vans out of city centers and increasing pressure on airlines to find alternatives.Aramco has a solution to the predicament the industry is in — petrochemicals. The company wants to turn 40% of its crude into chemicals, according to Abdulaziz Al-Judaimi, Saudi Aramco’s senior vice president for downstream. But petrochemicals are under pressure, too.Globally more than 200 businesses, from Coca-Cola Co. to food and consumer goods giant Unilever NV have made commitments to reduce plastic waste, according to the Ellen MacArthur Foundation. Unilever aims to halve its use of virgin plastic by 2025. Coca-Cola’s goal is for its bottles to contain an average of 50% recycled content by 2030. Initiatives like those will make a serious dent in the projected demand for new plastics.And then there’s an issue that is specific to Saudi Aramco — the security of its facilities. The company did a spectacular job of restoring output levels after a devastating attack on its oil facilities in September, using spare capacity elsewhere to boost flows. But the very fact of the attacks has raised concerns among potential investors about Saudi Arabia’s ability to protect its oil infrastructure.The time to bring private investors into Saudi Aramco was when everybody wanted a piece of the action. Twenty years ago investors would have fallen over each other beating a path to Saudi Aramco’s door. It’s a much tougher sell now.To contact the author of this story: Julian Lee at email@example.comTo contact the editor responsible for this story: Melissa Pozsgay at firstname.lastname@example.orgThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Julian Lee is an oil strategist for Bloomberg. Previously he worked as a senior analyst at the Centre for Global Energy Studies.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
Yahoo Finance gives Conagra Brands' new plant-based Ultimate Burger a try. Here's our takeaway.
Ask Benjamin Witte about Recess, and one of the first places he’ll send you is the company’s Instagram page.
The world’s largest retailer’s third quarter results on Thursday showed that yet again, CEO Doug McMillon continues to pull almost all the right strings operationally.
LGBTQ Loyalty Holdings recently launched an index comprised of 100 LGBTQ equality-driven companies. The index includes Cisco Systems, Coca-Cola, Apple, Microsoft, Amazon, and Netflix.