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KO

Coca-Cola

$42.03

-0.29 (-0.69%)

, PEP

PepsiCo

$108.25

-0.52 (-0.48%)

05:59
10/04/16
10/04
05:59
10/04/16
05:59

Bai Brands explores potential sale, could be valued at over $2B, Reuters says

Privately-held U.S. beverage company Bai Brands has hired JPMorgan to explore a potential sale and reach out to possible buyers, Reuters reports, citing people familiar with the situation, who said that Bai could be valued at over $2B including debt. Dr Pepper Snapple (DPS) last year bought a minority stake in Bai after signing a distribution deal, though the company has previously expressed wariness of an outright acquisition. Reuters also notes Coca-Cola (KO) and PepsiCo (PEP) as potentially having an interest in Bai. Reference Link

KO

Coca-Cola

$42.03

-0.29 (-0.69%)

PEP

PepsiCo

$108.25

-0.52 (-0.48%)

DPS

Dr Pepper Snapple

$90.76

-0.55 (-0.60%)

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KO Coca-Cola
$42.03

-0.29 (-0.69%)

09/29/16
STFL
09/29/16
DOWNGRADE
STFL
Hold
Coca-Cola downgraded following Pepsi results at Stifel
As noted earlier, Stifel analyst Mark Swartzberg downgraded Coca-Cola (KO) to Hold from Buy. The analyst downgraded the stock after Pepsi (PEP) reported better than expected Q3 results. The analyst says that Coca-Cola's and Pepsi's organic EPS growth appears to be similar, but he believes that Pepsi is less vulnerable to foreign exchange fluctuations. Additionally, he believes that Coca Cola European Bottlers (CCE) is a better investment than Coca-Cola because of the large amount of revenue synergies which that Coca Cola European Bottlers has identified.
09/29/16
STFL
09/29/16
DOWNGRADE
STFL
Hold
Coca-Cola downgraded to Hold from Buy at Stifel
09/29/16
HSBC
09/29/16
NO CHANGE
HSBC
Buy
AB InBev's goal may be to acquire Coca-Cola, says HSBC
HSBC analyst Anthony Bucalo says SABMiller's (SBMRY) merger with AB InBev (BUD), which its shareholders just approved, will impact "nearly every major company across global beverages," especially Heinenken (HINKY). The combined company "represents a strong vehicle for another transaction" if InBev management chooses to do so, Bucalo tells investors in a research note dated yesterday. The analyst believes AB InBev's ultimate goal is the possible acquisition of The Coca-Cola Company (KO). The entire Coca-Cola bottling system, especially for Mexican giant FEMSA (FMX), is impacted by SABMiller joining with AB InBev, Bucalo contends.
09/29/16
09/29/16
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Coca-Cola (KO) downgraded to Hold from Buy at Stifel with analyst Mark Swartzberg saying that Coca-Cola's and Pepsi's organic EPS growth appears to be similar, but he believes that Pepsi is less vulnerable to foreign exchange fluctuations. 2. Fitbit (FIT) downgraded to Underweight from Sector Weight at Pacific Crest analyst Brad Erickson citing his channel checks which indicated that Charge 2, the company's flagship holiday product, is off to a slow start. 3. Discovery (DISCA) downgraded to Market Perform from Outperform at Barrington with analyst James Goss saying that Brexit and sports costs are dragging on its international results and foreign exchange tailwinds are moderating in many geographies. 4. Sonus (SONS) downgraded to Underperform from Market Perform at Cowen with analyst Paul Silverstein saying the firm's industry checks uncovered operational challenges and ongoing employee and executive churn. 5. Alcobra (ADHD) downgraded to Hold from Buy at Cantor and to Perform from Outperform at Oppenheimer. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
PEP PepsiCo
$108.25

-0.52 (-0.48%)

09/16/16
09/16/16
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. GoPro (GPRO) initiated with a Buy at BofA/Merrill. 2. JetBlue (JBLU) initiated with an Outperform at Imperial Capital. 3. PepsiCo (PEP), Dr Pepper Snapple (DPS), and Monster Beverage (MNST) were initiated with an Outperform at Credit Suisse, while the firm initiated Boston Beer (SAM) with an Underperform. Credit Suisse also initiated Coca-Cola (KO) and Constellation Brands (STZ) with a Neutral. 4. lululemon (LULU) initiated with a Positive at Susquehanna. 5. Target (TGT) coverage assumed with a Neutral at Credit Suisse. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
09/15/16
FBCO
09/15/16
INITIATION
FBCO
Outperform
PepsiCo initiated with an Outperform at Credit Suisse
09/15/16
FBCO
09/15/16
INITIATION
Target $121
FBCO
Outperform
PepsiCo initiated with an Outperform at Credit Suisse
Credit Suisse analyst Laurent Grandet initiated coverage on PepsiCo with an Outperform and a $121 price target. Grandet does not believe the market is giving PepsiCo enough credit for Frito-Lay's marketing and financial strength and the rebalancing of the US beverages portfolio towards faster growing noncarbonated beverages.
DPS Dr Pepper Snapple
$90.76

-0.55 (-0.60%)

09/15/16
FBCO
09/15/16
INITIATION
Target $108
FBCO
Outperform
Dr Pepper Snapple initiated with an Outperform at Credit Suisse
Credit Suisse analyst Laurent Grandet initiated coverage on Dr Pepper Snapple with an Outperform and a $108 price target. Grandet beleives the market is undervaluing the Allied Brands portfolio as a major incremental driver of growth and margins combined with the strong and consistent cash flow of Dr Pepper.
09/15/16
FBCO
09/15/16
INITIATION
FBCO
Outperform
Dr Pepper Snapple initiated with an Outperform at Credit Suisse
02/18/16
02/18/16
NO CHANGE

Dr Pepper Snapple should be bought on weakness, says Sterne Agee CRT
Sterne Agee CRT believes that Dr Pepper Snapple reported strong results, and the firm thinks that the company's weaker than expected Q1 guidance will prove to be conservative. Sterne Agee keeps a $98 price target and Buy rating on the shares.

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