Singapore’s Agency for Science, Technology and Research (A*STAR) has entered into a joint collaboration agreement with DP Beverages, Ltd., (DP), an affiliate of The Coca-Cola Company (NYSE:KO), to develop potential new technologies and innovations that add value to consumers and support a sustainable world. Through this open-innovation partnership, Coca-Cola will establish external technology activities in Singapore. This will set the stage for cutting-edge research in different areas. The Coca-Cola Company (NYSE:KO) shares after opening at $40.82 moved to $41.28 on last trade day and at the end of the day closed at $41.03. Company price to sales ratio in past twelve months was calculated as 3.89 and price to cash ratio as 9.28. The Coca-Cola Company (NYSE:KO) showed a positive weekly performance of 0.69%.
Fitch Ratings has assigned an ‘A’ rating to PepsiCo, Inc.’s (PepsiCo) newly issued EUR1 billion two tranche notes offering including EUR500 million seven year 1.75% senior notes and EUR500 million 12 year 2.625% senior notes. PepsiCo plans to use the net proceeds for general corporate purposes, including the repayment of commercial paper. The Rating Outlook is Stable. PepsiCo had approximately $32.1 billion of debt at the end of the first quarter 2014.PepsiCo, Inc. (NYSE:PEP) shares advanced 1.84% in last trading session and ended the day on $86.82. PEP return on equity ratio is recorded as 29.90% and its return on assets is 8.90%. PepsiCo, Inc. (NYSE:PEP) yearly performance is 8.20%.
Dr Pepper Snapple Group (NYSE:DPS) was upgraded by Ned Davis Research from a “neutral” rating to a “buy” rating in a research note issued on Monday.Dr Pepper Snapple Group Inc. (NYSE:DPS) shares moved up 3.40% in last trading session and was closed at $55.40, while trading in range of $53.86-$55.59. Dr Pepper Snapple Group Inc. (NYSE:DPS) year to date performance is 14.60%.
Sodastream International Ltd (NASDAQ:SODA) started bubbling over on Wall Street after news broke about a potential 10% equity stake being possibly taken by Starbucks Corporation (NASDAQ:SBUX). SODA gained as much as 17% during the day, before subsiding to a more earthy 11% by the end of the day’s trading. Sodastream International Ltd (NASDAQ:SODA) weekly performance is 11.91%. On last trading day company shares ended up $45.48. Sodastream International Ltd (NASDAQ:SODA)distance from 50-day simple moving average is 10.77%. Analysts mean target price for the company is $44.29.