beverages

PepsiCo, Inc. (NASDAQ: PEP) has been busy acquiring businesses in recent years. But what people are talking about is the beverage company's recent partnership with Beyond Meat Inc (NASDAQ: BYND), which will generate a "very healthy set of snacks," PepsiCo CFO...

Thursday premarket trading action was highlighted by a handful of food, beverage, and restaurant names reporting quarterly results. Here's what investors in the space need to know.  Food Stocks Kraft Heinz Co (NASDAQ: KHC) shares were trading 6.26% higher to $36.01 at last check after...

Coca-Cola Co. (NYSE: KO) CEO James Quincey appeared on CNBC’s “Squawk on the Street” Wednesday to discuss the company’s fourth-quarter earnings report, which was released before the market open.  Coca-Coca beat the Street estimate for earnings per share, but failed to...

Uber Technologies Inc. (NYSE: UBER) announced Tuesday that it has acquired Drizly in a $1.1-billion dollar deal. What Happened: Uber said will integrate Drizly into its Uber Eats app while contuinuing to offer services through the separate Drizly app. The approximate $1.1-billion bought deal...

Alcohol producer Diageo plc (NYSE: DEO) said in its semiannual earnings report that spirit sales in the U.S. were higher by 15% with notable strength in the tequila category. Strong US Market: Diageo's U.S. sales in the back half of 2020 were supported by more consumers switching...

Molson Coors Beverage Company (NYSE: TAP) has partnered with CKBG to bring their brand Superbird to 10 new markets in spring 2021.  What Happened: Molson Coors announced Tuesday that it will be partnering with CKGB to bring a 100% agave tequila-based cocktail to market...

The bullish case for beverage giants Coca-Cola Co (NYSE: KO) and PepsiCo, Inc. (NASDAQ: PEP) has come to an end at RBC, mostly due to valuation concerns. The Analyst: Nik Modi downgraded Coca-Cola's stock from Outperform to Sector Perform with an unchanged $55 price target. The analyst...

Marketing executives at Corona beer's parent company Constellation Brands, Inc. (NYSE: STZ) were concerned in early 2020 the brand's unfortunate name resemblance with the coronavirus would impact sales, The Wall Street Journal reported. 'Added Layer' Of Pressure: As the coronavirus...

Wells Fargo analysts initiated coverage of a handful of non-alcoholic and alcoholic beverage companies: Coca-Cola Co (NYSE: KO) at Overweight, $62 price target. Keurig Dr Pepper Inc (NASDAQ: KDP) at Equal-Weight, $33 price target. Molson Coors Beverage Co (NYSE: TAP) at Equal-Weight, $51...

Two of the world's top five bars are located in London, according to William Reed Business Media's annual ranking. 1. London's Connaught Bar: The Connaught Bar is ranked the world's best bar for the second time. Renowned for its martini trolley, the Connaught Bar offers tableside...

Beverage giant Coca-Cola Co (NYSE: KO) reported Thursday morning with third-quarter results that came in better than expected, sending the stock higher.   Coca-Cola Q3 Earnings Recap: Coca-Cola said it earned 55 cents per share in the third quarter on revenue of $8.7 billion. This...

Beverage and snack giant PepsiCo, Inc. (NASDAQ: PEP) reported third-quarter results that came in better than expected. Pepsi Earnings Recap: PepsiCo said it earned $1.66 per share in the third quarter on revenue of $18.09 billion against Street expectations of $1.49 per share and revenue of $...

Individuals troubled with insomnia or stress might have found an unusual solution in beverage maker PepsiCo, Inc. (NASDAQ: PEP) with their new beverage launch. What Happened: PepsiCo CEO Ramon Laguarta held an internal competition for employees last year to create a new and exciting product. The...

Keurig Dr Pepper Inc (NYSE: KDP) has strong exposure to the at-home coffee segment that will prove to be a winner even in the post-COVID world, according to Morgan Stanley. The Keurig Dr Pepper Analyst: Dara Mohsenian upgraded Keurig Dr Pepper from Equal-Weight to Overweight with a price...

The Coca-Cola Company (NYSE: KO) announced Thursday that it will launch a hard seltzer drink under the banner of its Topo Chico mineral water brand. With this announcement, it's a rare foray into alcoholic beverages for 128-year-old Coca-Cola.  Coke's Plans For Topo...