Last year bottled water consumption reached 39.3 gallons per capita, the Wall Street Journal reports, and carbonated soft drinks fell to 38.5 gallons. The data comes from industry tracker Beverage Marketing.
Category: Beverages
Outgoing Coke CEO given pay package worth $16 million
Coca-Cola CEO Muhtar Kent , who is stepping down in May, received a compensation package worth $16 million last year, according to a regulatory filing. That included a salary of $1.6 million, stock and options worth $9.5 million and incentive pay of $4.1 million.
PepsiCo Looking to Close U.K. Factory, Threatening Almost 400 Jobs
Snack and beverage maker PepsiCo is considering closing its Walkers Crisp factory in northern England, Reuters reports, threatening 380 jobs. “The changes we are proposing present significant productivity and efficiency savings crucial for ensuring the long-term sustainable growth of our business in the U.K.,” PepsiCo U.K. manufacturing director Tracey Foster told Reuters.
Coke Says it Supports WHO’s Sugar Guidelines
Coke says it supports the World Health Organization’s guidelines for limiting added sugar, as the company works on repairing its image in public health circles and reshaping its business. Incoming CEO James Quincey also said the company has “outgrown” its namesake cola and is focusing on becoming a “total beverage company.”
Pepsi Sees Need to ‘Double Down’ on Healthier Products
PepsiCo’s North American CEO Albert Carey discussed the company at the Consumer Analyst Group of New York conference on Wednesday. PepsiCo North America CEO Albert Carey said that there is a need to ‘double down’ on healthier foods and beverages.
Pepsi Sees Need to ‘Double Down’ on Healthier Products
PepsiCo’s North American CEO Albert Carey discussed the company at the Consumer Analyst Group of New York conference on Wednesday. PepsiCo North America CEO Albert Carey said that there is a need to ‘double down’ on healthier foods and beverages.
Stocks Finish Higher For Week As Dow, Nasdaq Score Another Record
U.S. stocks finished higher for the week Friday as the Dow industrials extended its streak of record closes to seven sessions. The Dow Jones Industrial Average rose 4.28 points, or less than 0.1%, to finish at 20,624.05, as shares of UnitedHealth Group Inc. weighed heavily on the average.
Stocks Retreat From Record Highs, UnitedHealth Drags on Dow
Wall Street is lower in a quieter end to a record-breaking week in which stocks scored their best winning streak in a quarter century. Wall Street held lower Friday in a quieter end to a record-breaking week in which stocks scored their best winning streak in a quarter century.
Pepsi Beats Profit Expectations, Boosted By Beverage Sales
PepsiCo Inc. reported Wednesday fourth-quarter earnings that slipped to $1.40 billion, or 97 cents a share, from $1.72 billion, or $1.17 a share, in the same period a year ago. Excluding non-recurring items, the beverage and snack giant’s adjusted earnings per share came to $1.20, beating the FactSet consensus of $1.16.
PepsiCo beats 4Q profit forecasts
On a per-share basis, the Purchase, New York-based company said it had profit of 97 cents. Earnings, adjusted for non-recurring costs and restructuring costs, came to $1.20 per share.
Pepsi Blows It Out of the Water, but …
PepsiCo notched some impressive wins during the fourth quarter, but initial profit guidance for 2017 may leave some bulls thirsty for more. The soda and snacks giant reported fourth-quarter adjusted earnings of $1.20 a share on Wednesday, solidly beating analysts’ forecasts of $1.16.
Boston Beer’s Change to Rebel IPA’s Recipe Is a Sign of Desperation
That the brewer felt the need to “completely reformulate” the recipe for this once-popular brew is an indication of how much Boston Beer is worried about the decline. The company says “Project Lupulus” brought in hops that were not readily available when Rebel IPA was introduced.
Jim Cramer — PepsiCo Is Much Different Than Coca-Cola
Earlier this week, Coca-Cola reported in-line earnings per share results that investors weren’t too impressed with. While the company is admittedly in a turnaround — something Cramer took a closer look at as well — PepsiCo investors want to know if they have something better to look forward to on Wednesday when the company reports before the open .
Diageo Expands Guinness Brand With Maryland Brewery
Diageo is betting Americans will put down their pale beer and opt for the dark stuff as it plans a brewery in Maryland to make its iconic Guinness stout. Diageo is betting that Americans will put down their pale beer and opt for the dark stuff as it plans to open a brewery in Maryland that will make its iconic Guinness stout.
Budweiser focus on immigration in Super Bowl spot
But this year’s Budweiser ad released Tuesday featuring an immigrant’s travel to the U.S. became suddenly more topical than Anheuser-Busch executives were probably expecting, released days after President Donald Trump’s executive order Friday temporarily banning refugees and nearly all citizens from seven Muslim-majority countries. The 60-second ad called “Born the Hard Way,” shows Anheuser-Busch co-founder Adolphus Busch traveling by boat from Germany to the U.S. in 1850s.
Social Media Goes Nuts As They Stumble Over Dunkin’ Donuts First Ever Bottled Coffees
At long last you can now find Dunkin’ Donuts in a bottle while walking down a supermarket aisle. And that has some on social media pretty jazzed up.
Constellation, Maker of Corona Beer, Slips on Report of Possible Trump Border Tariff
Constellation Brands shares fell about 2.7% to $149.97 after White House Press Secretary Sean Spicer said Thursday that President Trump’s proposed wall on the border with Mexico will be financed with a 20% tax on imported goods from Mexico. Constellation, maker of Corona and Modelo beers, both brewed in Mexico, sold $3.44 billion worth of beer in the U.S. in 2016, according to the company’s fiscal 2016 year-end report, which came out in February.
Related Article: Diageo Half-Year Sales Boosted by Weak Pound, Strong U.S. Spirits Market
Diageo posted better-than-expected sale growth in the second half of last year Thursday driven by improved performance in the U.S. spirits business and its scotch portfolio. Diageo plc posted better-than-expected sale growth in the second half of last year Thursday driven by improved performance in the U.S. spirits business and its scotch portfolio.
What to Look for When UnitedHealth Reports Its Quarterly Results
Investors are waiting to see how the health care insurer will profit after decreasing its exposure to Affordable Care Act exchanges. UnitedHealth’s stock did exceptionally well last year, emerging as one of the best performers among the top-quality companies in the Dow Jones Industrial Average.
UnitedHealth Group: Jim Cramer’s Top Takeaways
No one know what will happen with health care once Donald Trump takes office, Jim Cramer told his “Mad Money” viewers Wednesday night, but that doesn’t mean there aren’t ways to make money in health-care stocks. For months now, the mantra has been “repeal and replace” when it comes to Obama’s Affordable Care Act.
Coke and Pepsi Justifiably Lost Their Fizz
Ten months ago I wrote an article comparing the prospects for Coca-Cola and PepsiCo . My title was “What’ll You Have Coke, Pepsi or Neither?” The conclusion was that both looked pricey but, if I had to choose one, I’d go with Pepsi.
Sales Set to Slip at Boston Beer for the First Time in 13 Years: Should Investors Worry?
It’s a worrisome development, because unlike the last time this happened, craft-beer industry growth is slowing, so the brewer can’t count on any broad momentum to help it out of this slump. Back in 2003, Boston Beer’s distributors were still right-sizing their inventory of Samuel Adams Light beer that had just been introduced the year before.
UnitedHealth Branches Out With $2.3 Billion Surgical Care Deal
The U.S.’s biggest health insurer, UnitedHealth Group Inc., will buy Surgical Care Affiliates Inc. for about $2.3 billion, adding an outpatient surgery chain to its growing health care-delivery business. UnitedHealth will pay $57 a share, with with 51 percent to 80 percent of that in stock and the rest in cash, the companies said in a statement.
Why Surgical Care Affiliates Inc Operated Higher Today
UnitedHealth is best known as a health insurer, but the company also operates doctors’ offices and other healthcare services, such has urgent care facilities, through its OptumCare division. Buying Surgical Care Affiliates will add 205 surgical facilities to its offerings.
Banks, Oil Stocks Hinder Dow’s Pursuit of 20,000
Declines in bank and energy companies weighed on Wall Street on Monday, distancing the Dow from the 20,000 mark, while gains in technology stocks pushed the Nasdaq to a record intraday high. Two-thirds of the 30 Dow components were lower, with Goldman Sachs’s 0.7 percent decline weighing the most.
UnitedHealth Agrees to Buy Surgical Care for $2.3 Billion
UnitedHealth Group Inc. agreed to buy Surgical Care Affiliates Inc. for about $2.3 billion in cash and stock to add an outpatient surgery chain that will help the biggest U.S. health insurer diversify its business. UnitedHealth is paying $57 a share, with 51 percent to 80 percent of that in stock and the rest in cash, the companies said in a statement Monday.
Constellation Brands and Molson Coors: Jim Cramer Does a Taste Test
Is it time to crown a new king of beers? Jim Cramer says it’s time to take a fresh look at the beer sector. Did you miss last night’s episode of “Mad Money”? If so, here’s one of Jim Cramer’s top takeaways.
4 Consumer Goods Stocks with the Biggest Revenue Growth Over the Last 10 Years
Revenue growth may not get the attention that earnings growth does. Profits ultimately determine a stock’s valuation, so it’s clear why the bottom line gets the bulk of investor focus.
Altria Group Inc.’s Biggest Win in 2016
A host of challenges continues to face Altria, including ongoing pressure from regulators, consumer advocates, and plaintiffs’ attorneys seeking to cause difficulties for the tobacco giant. Yet even though some favorable moves with its core business were noteworthy in 2016, Altria’s biggest win came in avoiding an even bigger hassle from the IRS.
Will Constellation Brands Earnings Give Investors Something to Celebrate?
It’s a new year and there will soon be a new U.S. president. That man, Donald Trump, spooked investors of Constellation Brands , among other companies with Mexican operations, with threats of big tariffs on goods made by U.S. companies elsewhere and then imported into the company.
3 Things to Watch in the Stock Market This Week
Stocks fell by almost a full percentage point last week, but that wasn’t enough to derail an impressive 2016 for both the Dow Jones Industrial Average . After the worst start to a year on record, and having touched double-digit declines at one point, the Dow ended up with a 13.5% annual gain as the S&P added 9.6%.
How Coca-Cola Can Increase Its Value in 2017
Its drive to refranchise nearly all of its North American bottling operations by the end of 2017 appears to be on track.This initiative will leave Coca-Cola as an asset-light business focused on concentrates and the marketing of its 500-plus global brands. And in May of next year, Chief Operating Officer James Quincey will succeed Muhtar Kent as CEO, with Kent continuing as Chairman of the company’s board of directors.
UnitedHealth Is on the Sidelines
Year to date, shares of UnitedHealth are up 39% after the stock rallied on the back of a Trump victory. After the election, the stock rallied sharply as investors piled into the stock anticipating the end of Obamacare and major tax reform.
Will Anheuser-Busch InBev Now Dominate Craft-Beer Brewpubs?
First it launched its Shock Top brand of craft-y beer, then it started buying up craft brewers, followed by acquiring distributors and demanding others carry only its brands of beer. It even bought the two biggest suppliers to the homebrew market, the seeding ground for future craft brewers.
UnitedHealth Has More Room to Run: More Squawk From Jim Cramer
UnitedHealth is perhaps the most poised to benefit from a rollback of the Affordable Care Act, TheStreet’s Jim Cramer said. One of the hottest Dow stocks of the year has been UnitedHealth Group, with shares climbing over 37% for the year to date.