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KO

Coca-Cola

$51.37

-0.03 (-0.06%)

, MNST

Monster Beverage

$63.83

0.57 (0.90%)

13:34
07/22/19
07/22
13:34
07/22/19
13:34

Fly Intel: What to watch in Coca-Cola earnings report

Coca-Cola (KO) is scheduled to report results of its fiscal second quarter before the market open on Tuesday, July 23, with a conference call scheduled for 8:30 am ET. What to watch for: 1. GUIDANCE: When Coca-Cola reported first quarter results on April 23, it gave Q2 and fiscal year 2019 guidance. The company said it saw a 6% tailwind from acquisitions, divestitures and structural items for Q2 comparable net revenues, and a 4%-5% currency headwind based on the current rates and including the impact of hedged positions. For FY19, it saw EPS growth of (1%)-1% versus $2.08 in 2018 in comparable EPS from continuing operations, with approximately 4% growth in organic revenues, and 12%-13% growth in comparable currency neutral net revenues, including an 8%-9% tailwind from acquisitions, divestitures and structural items. 2. MORGAN STANLEY BULLISH: Morgan Stanley analyst Dara Mohsenian upgraded Coca-Cola to Overweight from Equal Weight on May 14, and raised his price target for the shares to $55 from $52. The company's growth outlook is "clearly superior" relative to the packaged goods space, but this is not reflected in the current share price, Mohsenian told investors at that time. Coca-Cola's valuation discount is "unfair" as it offers structurally higher sales growth compared to peers, added the analyst. Mohsenian attributes the company's below-consensus 2019 guidance to currency and feels it should have a minimal impact on Coca-Cola's valuation. 3. MONSTER ENERGY: Coca-Cola, which holds a stake in Monster Energy (MNST), has been developing new energy drinks that it plans to market with its own brands, and it delayed the launch of its energy products until its resolved its dispute with Monster, which went to arbitration late last year. A decision was reached by the arbitration panel in late June, and they ruled that the introduction and sale of Coca-Cola Energy is allowed under the terms of a contract between the companies, as Coca-Cola Energy products fall within an exception to a non-compete provision relating to beverages marketed or positioned under the Coca-Cola brand. 4. OTHER STAKES, PARTNERSHIPS: On May 20, Coca-Cola announced it would maintain its majority stake in Coca-Cola Beverages Africa for the foreseeable future. On June 25, American Dream announced a 10-year partnership with Coca-Cola Company and its local bottling partner, Liberty Coca-Cola Beverages. American Dream is scheduled to open in Fall 2019 in New Jersey, and it will include more than 450 retail, food and specialty shops, along with more than 15 entertainment offerings. The complex will be three million square feet and projects 40M visitors annually.

KO

Coca-Cola

$51.37

-0.03 (-0.06%)

MNST

Monster Beverage

$63.83

0.57 (0.90%)

  • 23

    Jul

  • 19

    Sep

KO Coca-Cola
$51.37

-0.03 (-0.06%)

05/14/19
ARGS
05/14/19
NO CHANGE
ARGS
Hold
Argus looking for 'favorable entry point' in Coca-Cola
Argus analyst Chris Graja kept his Hold rating on Coca-Cola, but says that he is looking for a "favorable entry point" on the stock and would "strongly consider" an upgrade to his rating at a price of $40-$42 per share. The analyst sees the company as "reasonably valued" based on his projected 8% earnings growth rate as well as his view of Coca-Cola's financial strength and ability to deploy cash.
05/14/19
05/14/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Tyson Foods (TSN) upgraded to Outperform from Neutral at Credit Suisse and to Buy from Hold at Argus. 2. Coca-Cola (KO) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst Dara Mohsenian saying the company's growth outlook is "clearly superior" relative to the packaged goods space, but this is not reflected in the current share price. 3. Capital One (COF) upgraded to Buy from Hold at Jefferies with analyst John Hecht saying he expects the stock to benefit from "bigger payouts and improving efficiencies." 4. Deckers Brands (DECK) upgraded to Positive from Neutral at Susquehanna. 5. Agco (AGCO) upgraded to Overweight from Neutral at JPMorgan with analyst Ann Duignan saying given Agco's limited exposure to the U.S. row crop sector, the recent sell-off in the shares is overdone. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/22/19
GUGG
05/22/19
NO CHANGE
Target $103
GUGG
Buy
AB InBev named a sector Best Idea, replacing Coca-Cola at Guggenheim
Guggenheim analyst Laurent Grandet named Anheuser-Busch InBev (BUD) his sector Best Idea, replacing Coca-Cola (KO), citing his increased conviction in its U.S. growth following an investor seminar hosted by the company. The analyst, who also sees untapped "premiumization" opportunities and significant potential in emerging markets, raised his FY19, FY20 and FY21 EPS estimates for AB InBev but keeps an unchanged price target of $103 on the stock with a Buy rating.
06/04/19
MSCO
06/04/19
NO CHANGE
MSCO
Morgan Stanley suggests pair trade of long Coca-Cola, short Keurig Dr Pepper
Morgan Stanley analyst Dara Mohsenian is suggesting a pair trade of being Overweight Coca-Cola (KO) and Underweight Keurig Dr Pepper (KDP), citing his view that Coke has "much higher" growth potential and Keurig has "much greater" risk even though both stocks trade at similar 2021 EV/EBITDA valuations. Mohsenian contends this mispricing of two companies in the same sector is the greatest he has seen since December 2015 when he made a call to favor Estee Lauder (EL) over Coty (COTY), the analyst noted. Mohsenian has a $55 price target on shares of Coca-Cola and a $24 price target on Keurig.
MNST Monster Beverage
$63.83

0.57 (0.90%)

05/03/19
JEFF
05/03/19
NO CHANGE
Target $70
JEFF
Buy
Monster Beverage price target raised to $70 from $65 at Jefferies
Jefferies analyst Kevin Grundy raised his price target for Monster Beverage to $70 from $65 citing the company's "strong" Q1 results. The analyst believes the valuation "remains compelling" and he reiterates a Buy rating on the shares.
06/04/19
STFL
06/04/19
NO CHANGE
Target $71
STFL
Buy
Monster Beverage second half consensus view conservative, says Stifel
Stifel analyst Mark Astrachan raised his sales and EPS estimates for Monster Beverage slightly for the second half of the year based on his analysis of scanner data, which he said points to sales growth in Monster's legacy U.S. business accelerating beginning in mid-June to reflect more favorable comparisons and minimal cannibalization from the "strong" launch of Reign. He noted that Monster's U.S. sales excluding Reign have remained largely consistent since Reign's late March introduction and he thinks consensus second half sales growth expectations are conservative. Astrachan raised his price target on Monster shares to $71 from $69 and keeps a Buy rating on the stock.
06/10/19
GUGG
06/10/19
NO CHANGE
Target $74
GUGG
Buy
Guggenheim positve on Monster Beverage after analyst meeting
Guggenheim analyst Laurent Grandet said he came away from Monster Beverage's analyst meeting last week even more positive on the company's long-term prospects, telling investors that the event confirmed many of his sentiments about the current strength of the business as well as its longer-term margin expansion potential. He noted that the company said the REIGN performance energy brand launched in April is doing well and found comments about expansion into functional/healthier energy, alcohol, or even cannabis "especially interesting," Grandet stated. He keeps a Buy rating and $74 price target on Monster shares.
07/16/19
WELS
07/16/19
NO CHANGE
WELS
Wells says Nielsen restatement could be positive for Monster, tobacco stocks
Wells Fargo analyst Bonnie Herzog noted that Nielsen (NLSN) just announced that it will restate data to address serious issues with its calculation methodology in the convenience store channel related to projections it applied to independent c-stores. The restated data, to be released on August 20, is expected to improve cigarette and energy drink trends and she views this as a positive for tobacco stocks and Monster Beverage (MNST). Publicly traded companies in the tobacco space include Altria Group (MO), British American Tobacco (BTI) and Philip Morris (PM).

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GM

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