Activist investor Nelson Peltz sent a nearly 40-page letter to PepsiCo, Inc. (NYSE:PEP), urging the beverage giant to spin off its soda business in order to focus strictly on its portfolio of snacks. PepsiCo, Inc. (NYSE:PEP) stock opened at $78.01 in last session, and closed at $78.22, while the day range of PepsiCo, Inc. (NYSE:PEP) stock is $77.90 – $78.91. The stock showed a positive weekly performance of -1.84%.
Coca-Cola Company (NYSE:KO) Refreshments USA Inc. will relocate to a new business park later this year in Hanover. The Coca-Cola Company (NYSE:KO) stock opened at $37.59 in last session, and closed at $37.18 by losing -0.32%. The 52 week range of $36.83 – $43.43. Company’s market capitalization is $164.56B.
Monster Beverage Corp. (NASDAQ:MNST) was the recipient of unusually large options trading activity on Thursday. Traders bought 7,898 put options on the stock, American Banking & Market News reports. This represents an increase of approximately 810% compared to the average daily volume of 868 put options. Monster Beverage Corp (NASDAQ:MNST) stock increased 0.12% and finished the last session at $74.79. The EPS of the stock remained 1.91. Company’s market capitalization is $12.52B.
The group of 14 leaders made a stop at the Soda Stream International Ltd (NASDAQ:SODA) factory in the West Bank settlement of Ma’alehAdumim, which was embroiled in controversy last month after actress Scarlett Johansson signed on to become a spokeswoman for the firm – a move that ultimately forced her to sever ties with the rights group Oxfam due to what it said was a conflict of interests. Sodastream International Ltd (NASDAQ:SODA) stock opened the session at $42.00, and closed the session at $40.46. The 52 week range of the Soda stream International Ltd (NASDAQ:SODA) stock remained $35.27 – $77.80 and the day range was $40.36 – $42.15.