|Bid||54.91 x 1800|
|Ask||54.92 x 1400|
|Day's Range||54.45 - 55.39|
|52 Week Range||44.42 - 55.92|
|Beta (3Y Monthly)||0.30|
|PE Ratio (TTM)||33.51|
|Forward Dividend & Yield||1.60 (2.99%)|
|1y Target Est||N/A|
Coca-Cola had an impressive sales performance in the third quarter. The company’s third-quarter revenues benefited from higher organic sales.
Coca-Cola's (KO) top line in third-quarter 2019 gains from robust volume and pricing on strong demand for Zero Sugar drinks, juices, and tea and coffee. Currency headwinds hurt the bottom line.
(Bloomberg) -- Coca-Cola Co.’s international sales and low-sugar offerings like Coca-Cola Zero Sugar drove brisk revenue growth in the third quarter. Shares rose the most intraday since July.The beverage giant said unit case volume grew by 2%, while net revenue expanded 8% to $9.5 billion. The key metric of organic revenue, which strips out some items like currency effects, jumped 5% -- higher than analysts’ average estimate for a 4.1% gain.Key InsightsAs U.S. consumers increasingly opt for sparkling waters and plant-based milks over sugary beverages, Coke is betting big on offerings in these categories and reported double-digit volume growth in Coca-Cola Zero Sugar in the U.S.Overseas sales have also been a bright spot. The company reported “strong growth” in Minute Maid Pulpy in China and coffee and tea in Japan. And local celebrity endorsements and digital marketing helped the company’s smartwater line become India’s second-largest premium water brand.Coke maintained its projection for 5% organic sales growth this year -- a sign it doesn’t see its performance slowing at the end of the year. The company now expects to spend about $2.2 billion in capital expenditures, up from the prior forecast of $2 billion. The company said on a call that it will provide its full 2020 forecast in February.Market ReactionCoke shares rose as much as 2.4% on Friday. The stock had risen 14% this year through Thursday's close, trailing the S&P 500 Index.Get more on the numbers here.(Adds details from conference call)\--With assistance from Janet Freund and Karen Lin.To contact the reporter on this story: Deena Shanker in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Anne Riley Moffat at email@example.com, Jonathan Roeder, Cécile DauratFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Monster Beverage (MNST) is facing headwinds related to higher freight costs and adverse currency. Nevertheless, its constant product launches and innovations may provide some respite.
Wall Street was set to open flat on Friday, as upbeat earnings reports calmed nerves about the global economy after China expanded at its weakest pace in almost 30 years. While global equities fell on the third-quarter report, a raft of robust earnings from Coca-Cola Co, American Express Co and Schlumberger NV lifted the mood.
Faltering demand for sugary drinks has forced the world's two largest beverage makers, Coca-Cola and PepsiCo Inc , to roll out low-sugar drinks, while diversifying into coffee, tea and bottled waters to boost sales. Coca-Cola has also been rolling out new products such as Coca-Cola Plus Coffee, a blend of its trademark soda with coffee in more than 20 markets, as well as drinks in small but high-margin packs that are appealing to consumers who are turning more health conscious. The beverage maker is launching Coca-Cola Energy, its first Coke-branded energy drink, in the United States, and has expanded its coffee business with the multi-billion dollar purchase of Britain-based Costa Coffee last year.
The Lowdown on The Brexit Deal It’s going to be a weekend of fireworks galore in the United Kingdom, possibly one of the most interesting times in the country’s history since World War II. Except this time nobody is going to get bombed and killed, so that’s definitely a plus. SEE: Canopy Rivers Gets Approval […]The post Market Morning: Brexit Deal Details, Drug Wars, Danone Down, Aramco Delay, Hong Kong Boils appeared first on Market Exclusive.
Investing.com – Wall Street opened flat on Friday, as upbeat earnings were offset by concerns about slowing global growth.
Investing.com - U.S. futures were tepid on Friday after China posted its weakest growth in nearly three decades, increasing concerns about the impact of its trade dispute with the U.S.
Investing.com - Coca-Cola (NYSE:KO) reported third quarter earnings that matched analysts' expectations on Friday and revenue that topped forecasts.
Investing.com -- China's economy grew at its slowest rate in nearly 30 years in the third quarter, and Boris Johnson is battling to get his Brexit deal through a recalcitrant House of Commons, while Saudi Arabia has postponed the IPO of national company Saudi Aramco - again. Here's what you need to know in financial markets on Friday, 18th October.
Missouri Republican Senator Josh Hawley tells Yahoo Finance's On the Move that Beijing is the biggest security threat to this country in the 21st century
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.
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.
(Bloomberg Opinion) -- Starting next year, Singapore will treat packaged sugary drinks such as Coca-Cola the way that other countries treat cigarettes. Advertisements will be banned, and a label attesting to a beverage's unhealthiness will be mandatory. The goal is to reduce the high rate of sugar consumption and associated health problems — such as diabetes and heart disease — that are now plaguing Southeast Asia.The problem is quickly getting worse. Between 2010 and 2014, obesity surged 24% in Singapore, 27% in Malaysia and 38% in Vietnam. Left unaddressed, this epidemic could exact steep human and financial costs. Banning ads for sugary drinks won't solve the problem on its own. But if Singapore thinks a bit more ambitiously, it might provide a model for other emerging and newly developed countries needing to slim down.It wasn't so long ago that much of Asia was associated with undernourishment. Thanks to a half-century of economic development and income growth, that’s no longer the case. Although hunger remains an issue in some areas, overall, Asians now have access to more and better food than ever — a fact reflected in rising life expectancies across the continent.But increased access to food isn't all good news. As incomes have risen, Asia's eaters have tended to shift away from traditional starch-based diets and toward food rich in fat, protein, dairy, and sugar, much of it packaged and processed. Calories that might've once been worked off in rural fields now accumulate on the hips and bellies of Asia's middle classes as they settle in cities by the tens of millions. Meanwhile, local food cultures that posed few health risks in less affluent times turn out to be problematic in an era of cheap calories. The fried snacks emblematic of Malaysian street food pose minimal health risks in moderation. But thanks to their low-cost ubiquity, they’re now helping to make the country, in UNICEF's words, “the fattest nation in Asia.”Then there's sugar. Even before low prices made sweets widely accessible, Southeast Asia had a sweet tooth. Now that it can be more easily indulged, consumption is skyrocketing. In Thailand, daily sugar intake has increased from 19 teaspoons a day in 1997 to 28 in 2019. Singapore is modest by comparison, with consumers averaging around 12 teaspoons a day, about half from beverages (a typical can of soda contains 10 teaspoons). But even that’s at the high end of the World Health Organization’s guidelines.The health effects associated with this shift, combined with other unhealthy nutritional trends, have been severe. Southeast Asia now accounts for about 20% of all diabetics globally. Over the past two decades, countries in the region have seen the world’s largest increases in premature deaths related to cardiovascular disease. Already, obesity-related ailments take up as much as 15% of Indonesia’s national health-care spending and 19% of Malaysia's.Faced with such an epidemic, Singapore's plan to ban advertising and mandate labeling certainly makes sense. But if the government really wants to reduce consumption, it’ll need to apply direct pressure on manufacturers and consumers by imposing taxes on the production and sale of sugary goods. In price-sensitive developing countries like Mexico, such taxes have proved effective in reducing consumption or changing manufacturers’ practices. In Malaysia, the mere threat of such a tax convinced F&N Beverages Marketing, one of the country's biggest drink manufacturers, to reformulate 70% of its products to avoid the price hike.Ultimately, developing countries will have to look beyond prepackaged goods. Informal street dining remains prevalent in most of these areas, and consumers seeking sugary snacks or fried food can simply frequent a stall and eat tax-free. Promoting healthy (or healthier) eating will require long-term public-education campaigns, ideally combined with school-based nutritional programs like the one Malaysia will be launching next year.None of this will be easy or cheap. But, as with a diet, the improved quality of life should ultimately pay for all the sacrifice.To contact the author of this story: Adam Minter at firstname.lastname@example.orgTo contact the editor responsible for this story: Timothy Lavin at email@example.comThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Adam Minter is a Bloomberg Opinion columnist. He is the author of “Junkyard Planet: Travels in the Billion-Dollar Trash Trade” and the forthcoming "Secondhand: Travels in the New Global Garage Sale."For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.