PepsiCo Inc. (NYSE:PEP)’s first compostable snack food bag got complaints for being too noisy and sent the company back to the packaging drawing board. PepsiCo, Inc. (NYSE:PEP) stock opened at $79.09 in last session, and closed at $80.07, while the day range of stock is $78.85 – $80.40. The stock showed a positive weekly performance of 2.37%.
coffee maker Green Mountain Coffee Roasters Inc. closed the previously announced deal with beverage giant, The Coca Cola Company (NYSE:KO). Per the deal, Coca Cola took over 10% stake of the coffee maker for $1.25 billion at $74.98 per share. The Coca-Cola Company (NYSE:KO) stock opened at $38.08, in last session and closed at $38.20, by gaining 0.34%. The 52 week range of the stock is $36.83 – $43.43. Company’s market capitalization is $168.31 billion.
Reed’s, Inc. (NYSEMKT:REED), maker of the top-selling sodas in natural food stores nationwide, announced that it has partnered with Next Generation Beer Co. based in West Asheville, North Carolina, to distribute the full line of Reed’s Ginger Brews, Virgil’s Root Beers and all eight flavors of Reed’s Culture Club Kombucha throughout the entire state of North Carolina. Reed’s, Inc. (NYSEMKT:REED) stock advanced 0.91% and finished the last session at $7.73. The EPS of the stock remained -0.10. Company’s market capitalization is $99.02 million.
Citi Research analysts Wendy Nicholson and Peter J Chun maintain a Neutral rating for Monster Beverage Corp (NASDAQ:MNST) as they look at some recent numbers from the company. Monster Beverage Corp (NASDAQ:MNST) stock opened the session at $74.68, and closed the session at $74.00. The 52 week range of the stock remained $45.38 – $75.63 and the day range was $72.80 – $75.49.