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Fly News Breaks for July 16, 2018
KDP, PEP, KO, MNST
Jul 16, 2018 | 09:06 EDT
RBC Capital analyst Nik Modi says his industry sources have confirmed that Monster Beverage (MNST) intends to raise its prices by 4.0-5.5% on November 1st depending on the pack size, which would be in line with the management's indication of pricing review made at the June shareholder meeting. The analyst keeps his Outperform rating and $75 price target on Monster, adding that Coca Cola (KO), PepsiCo (PEP) and Keurig Dr Pepper (KDP) will also likely make pricing changes in response over the coming months.
News For MNST;KO;PEP;KDP From the Last 2 Days
PEP
Mar 27, 2024 | 12:00 EDT
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.  1... To see the rest of the story go to thefly.com. See Story Here
PEP
Mar 27, 2024 | 09:59 EDT
After Celsius (CELH) filed an 8-K after the close with an amendment to its distribution agreement with PepsiCo (PEP) that outlines a new incentive program, Morgan Stanley analyst Eric Serotta spoke with Celsius management, who said that the new program should help it achieve its long-term growth aspirations. Importantly, management said the program doesn't change the company's long-term margin potential or short-term margin outlook, as there are mechanisms in the program for both parties to benefit financially if certain key performance indicators are reached, noted the analyst, who maintains an Equal Weight rating and $75 price target on Celsius shares.
PEP
Mar 27, 2024 | 07:42 EDT
In a regulatory filing last night, Celsius Holdings (CELH) disclosed that the company entered into an amendment to its distribution agreement dated August 1, 2022 with PepsiCo (PEP) as the distributor, pursuant to which the company will provide the distributor with an incentive program, as set forth in the amendment, designed to incentivize and compensate the distributor for its continued focus on and actions to support the licensed products in the territory, as such terms are defined in the agreement. Reference Link
KDP
Mar 26, 2024 | 12:46 EDT
Bullish option flow detected in Keurig Dr Pepper with 13,151 calls trading, 10x expected, and implied vol increasing over 1 point to 19.25%. May-24 33 calls and Apr-24 31 calls are the most active options, with total volume in those strikes near 11,200 contracts. The Put/Call Ratio is 0.03. Earnings are expected on April 25th.