Thomson Reuters/Verus upgraded shares of The Coca-Cola Company (NYSE:KO) from a hold rating to a buy rating in a report released on Monday, American Banking and Market News reports. The Coca-Cola Company (NYSE:KO) stock opened at $37.63 in last trading session, and closed at $37.77, trading in the range of $37.50 – $37.94. The stock showed a positive weekly performance of 0.80%.
PepsiCo, Inc. (NYSE:PEP) on Tuesday launched a USD2bn two-part bond after the food and beverage giant gave up plans for a third floating-rate tranche of the deal. The A1/A-/A rated deal comprises a USD750m three-year piece launched at Treasuries +30bp and a USD1.25bn 10-year launched at T+92bp. PepsiCo, Inc. (NYSE:PEP) shares closed at $79.23 on last trade day, by gaining 0.44%. Stock 52 week range is $74.53 – $87.06. Company’s market capitalization is $121.51 billion.
Dr Pepper Snapple Group (NYSE:DPS) EVP David Thomas sold 5,656 shares of Dr Pepper Snapple Group stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $52.00, for a total transaction of $294,112.00. Following the sale, the executive vice president now directly owns 31,531 shares in the company, valued at approximately $1,639,612. Dr Pepper Snapple Group Inc. (NYSE:DPS) stock advanced 1.41% and finished the last session at $52.48. The EPS of the stock remained 3.06. Company’s market capitalization is $10.35 billion.
Monster Beverage Corp. (NASDAQ:MNST) was downgraded by research analysts at Longbow Research from a “neutral” rating to an “underperform” rating in a report released on Tuesday, TheFlyOnTheWall.com reports. Monster Beverage Corp (NASDAQ:MNST) stock opened at $73.53 in last trading session and closed at $71.39. The 52 week range of the stock is $45.38 – $75.63 and the day range was $71.15 – $73.75.