54.68 -0.10 (-0.18%)
Pre-Market: 8:47AM EDT
|Bid||54.63 x 1200|
|Ask||54.90 x 4000|
|Day's Range||54.45 - 55.39|
|52 Week Range||44.42 - 55.92|
|Beta (3Y Monthly)||0.30|
|PE Ratio (TTM)||36.52|
|Earnings Date||Oct. 28, 2019 - Nov. 1, 2019|
|Forward Dividend & Yield||1.60 (2.99%)|
|1y Target Est||57.52|
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.
Wall Street edged lower on Friday, set to end a strong week on a downbeat note, as heavyweight Johnson & Johnson slipped and 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.
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.
Coca-Cola had an impressive sales performance in the third quarter. The company’s third-quarter revenues benefited from higher organic sales.
Wall Street struggled for direction on Friday as upbeat earnings reports calmed nerves about the global economy after China expanded at its weakest pace in almost 30 years, with Johnson & Johnson also weighing on the blue-chip Dow index. While global equities fell on the third-quarter data, a raft of robust earnings from Coca-Cola Co and Schlumberger NV lifted the mood.
(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.
Coke (KO) delivered earnings and revenue surprises of 0.00% and 0.24%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?
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.