51.71 0.00 (0.00%)
Pre-Market: 8:15AM EST
|Bid||51.68 x 2200|
|Ask||52.13 x 3000|
|Day's Range||51.58 - 51.91|
|52 Week Range||44.42 - 55.92|
|Beta (3Y Monthly)||0.45|
|PE Ratio (TTM)||28.55|
|Earnings Date||Feb. 12, 2020 - Feb. 17, 2020|
|Forward Dividend & Yield||1.60 (3.09%)|
|1y Target Est||58.71|
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.
Coca-Cola is committed to collecting and recycling plastic bottles rather than switching to aluminium cans as the world's largest soft drinks maker seeks to reduce its carbon footprint, its chief executive officer told Reuters. Along with multinational rivals including PepsiCo and Nestle , Coca-Cola has started offering recyclable aluminium cans as well as plastic bottles for some water brands as the industry reacts to public outrage over the world's oceans being polluted with plastic waste.
Monster Beverage will declare its third-quarter results after the financial markets close on Thursday. The company's second-quarter results weren't impressive.
(Bloomberg) -- Over the past four decades, consumers around the world have chugged trillions of bottles of water from brands such as Perrier, Evian, Dasani, and Aquafina. Few realize that most of what they pay for is plastic and time on a truck. Companies typically get the water for free or just a nominal fee, and bottling the stuff and getting it to consumers—as well as advertising it—accounts for the bulk of their costs.Today, increasing concern about the carbon and plastic waste generated by that process is fueling a backlash that threatens the business. Across the industry, sales are softening and some towns are even banning plastic water bottles—spurring producers to respond with alternatives ranging from canned water to flavor pods for tap water to dispensers that sell sparkling and flavored mixes.“The waters business has to cope with a number of sustainability issues that are becoming increasingly important,” Nestle SA Chief Executive Officer Mark Schneider told analysts in October.Until the 1970s, bottled water was mostly sold in limited areas by European companies that tapped springs in the Alps. Then in 1973, DuPont patented PET plastic bottles, which were cheaper, lighter, and stronger than the glass that had been the industry standard. Combined with the rapidly globalizing economy, PET allowed water sellers to ship their wares much farther, opening up new markets. Bottlers sprung up in just about every country and the likes of Nestle, Coca-Cola, and PepsiCo added water to their portfolios, helping boost global revenue in the business to $130 billion last year, according to researcher Euromonitor.These days, things aren’t quite so bubbly as consumers grow increasingly aware of their carbon footprint. Danone, the maker of Evian, on Oct. 18 reported its biggest decline in quarterly water revenue in a decade. That same day, Coca-Cola Co. said water sales were lower than it expected.With shipments headed for a second annual decline, Nestle is reorganizing its bottled water business. Buffeted by lower-price rivals and high transport costs, Nestle raised prices—which sapped sales of its mass-market offerings such as Poland Spring and Pure Life as consumers shifted to cheaper generic brands. CEO Schneider has said the company wants to focus instead on higher-end products such as flavored and sparkling waters like its Perrier and San Pellegrino brands.More than 80 U.S. colleges and a handful of municipalities have restricted sales of bottled water. In Concord, Mass., it’s illegal to sell still water in small plastic bottles, and San Francisco bars such sales on city property. In the U.K., a non-profit called City to Sea has introduced an app that points thirsty users to places where they can get free water—with a pledge from chains such as Starbucks and Costa to refill bottles at no cost.“Producers face a real risk from the environmental movement, which has strong support among young people,” says Alain Oberhuber, an analyst at Mainfirst Bank, who predicts a sharp decline in sales of bottled water over the next two decades. “They know they have to do something.”With bottled water now outselling carbonated soft drinks in the U.S., one part of that “something” is aluminum cans filled with water. Coke introduced cans of Dasani in the northeast U.S. this year and plans to try selling it in aluminum bottles in 2020. Pepsi has been selling canned Aquafina at restaurants and stadiums and is testing it in stores. And Danone is trying the idea with local brands in Britain, Denmark, and Poland.The soda giants are also seeking to monetize consumption of tap water. Pepsi last year paid more than $3 billion for SodaStream, which produces systems for making fizzy water at home. And Pepsi has introduced a brand called Drinkfinity, which sells pods that attach to reusable bottles to infuse tap water with caffeine, vitamins, or electrolytes in a variety of flavors. Coke is rolling out a water dispenser it calls Dasani PureFill, which allows consumers to refill their bottles with free filtered water and gives the option of adding flavors or carbonation for about $1 for a 20-ounce bottle. The company is planning to test the idea—and various prices—at roughly 100 locations such as offices, hospitals, and colleges.Nestle next year plans to introduce a dispenser it calls Refill Plus, which filters tap water and can add flavors and varying levels of carbonation, and it’s working on a paper-based bottle that it says is fully biodegradable. Danone is exploring refill stations but for now is focusing on the home market with a new device that dispenses Evian delivered in balloon-like spheres that use less plastic than bottles.Producers are counting on such initiatives to appeal to consumers who consider branded water healthier than tap. Howard Telford, head of soft drinks at Euromonitor, says such efforts will have only a marginal effect on the industry’s carbon footprint. But he says adding extras such as flavorings and fizz may help shore up profits for the likes of Coke, Nestle, and Pepsi.“It points to a future,” Telford says, “where flavor, carbonation, and functional additives—rather than disposable packaging and simple convenience—could be the main value drivers in packaged water.”To contact the authors of this story: Thomas Mulier in Geneva at firstname.lastname@example.orgCorinne Gretler in Zurich at email@example.comTo contact the editor responsible for this story: David Rocks at firstname.lastname@example.orgFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
FEMSA's (FMX) third-quarter 2019 results reflect benefits from strong operating performance across all businesses. Margin growth aids the bottom line.
Apple stock has surged over 12% in the last month and hit a new high on Friday. The question is should investors consider buying AAPL stock before earnings on Wednesday, October 30?
The Coca-Cola Company (KO) stock rose 1.5% on October 23 following a rating upgrade by UBS. It upgraded its rating for the stock to “buy” from “neutral.”
Bruderman Asset Management Chief Market Strategist Oliver Pursche tells Yahoo Finance’s On the Move why an economic downturn could be good for McDonald's.
Third quarter earnings reports are starting to pile up. Here's a quick read on the health of the U.S. consumer amid talk of a recession in early 2020.
Wall Street fell on Friday, dragged down by Boeing and Johnson & Johnson and as worries over global economic growth were rekindled by gloomy data out of China. The world's second-largest economy expanded at its weakest pace in almost 30 years in the third quarter amid a bitter trade war with the United States, which has roiled financial markets and fueled fears of a global recession.