Coke's (KO) BODYARMOR Deal Negative for Keurig Dr Pepper (KDP), Wait-and-See for Monster (MNST) - Deutsche Bank

Susquehanna Sees Less Than 1% Impact on Keurig Dr Pepper (KDP) from Loss of BodyArmor

August 14, 2018 12:42 PM EDT

Susquehanna analyst Pablo Zuanic reiterated a Positive rating and $33 price target on Keurig Dr Pepper (NYSE: KDP) noting the loss of BodyArmor will impact EBIT by less than 1%.

"We estimate BodyArmor accounted for 0.6% of the proforma KDP earnings in 2017 (1% of DPS), and... More

Coca Cola (KO) Stake in BodyArmour is Negative for Both Keurig (KDP) and PepsiCo (PEP) - Wells Fargo

August 14, 2018 9:53 AM EDT

Coca Cola (NYSE: KO) acquired stake in BodyArmour is negative for Keurig Dr Pepper Inc. (NYSE: KDP) and PepsiCo (NASDAQ: PEP) says Wells Fargo analyst Bonnie Herzog.

The analyst comments... More

Coca Cola (KO) Investment in BodyArmour Is a Material Negative for Keurig Dr Pepper Inc. (KDP) - Barclays

August 14, 2018 9:49 AM EDT

Coca Cola (NYSE: KO) announced a minority stake in BodyArmour and Barclays analyst Lauren Lieberman believes the investment is a material positive for KO but a material negative for Keurig Dr Pepper Inc. (NYSE: KDP).

The analyst... More

Coca-Cola bets on Kobe sports drink in fight with Gatorade

August 14, 2018 6:59 AM EDT

(In this August 14 story corrects paragraph 2 to show Powerade is not ceding market share to Gatorade)

By Aishwarya Venugopal

(Reuters) - Coca-Cola Co (NYSE: KO) is buying a minority stake in a sports drink brand backed by basketball star Kobe Bryant, it said on Tuesday, seeking to mount a stronger challenge to PepsiCo's (NASDAQ: PEP) Gatorade.

Coca-Cola's investment in BodyArmor - which will make it the brand's second largest shareholder - comes as its Powerade drink competes for market share with Gatorade. Coke has also been... More

Coca Cola (KO) to Acquire Minority Ownership Stake in BODYARMOR

August 14, 2018 6:16 AM EDT

The Coca-Cola Company and BODYARMOR today announced that they have entered into a definitive agreement through which Coca-Cola will acquire a minority ownership stake in BODYARMOR. Through the agreement, BODYARMOR will have the opportunity to gain access to the expansive Coca-Cola bottling system, enabling the fast-growing brand to accelerate its growth to meet explosive consumer demand for its premium line of sports performance and hydration drinks.

The initial investment is uniquely structured to create value for both companies and allow Coca-Cola to increase its ownership stake in the future under defined terms. Financial terms of the agreement were not... More