Monster Beverage Corp (NASDAQ:MNST) announced on Monday that The Coca-Cola Company (NYSE:KO) was in viewing of acquiring the energy drink maker, but the world’s largest soft drink maker later refused the discussions are under means.
The Wall Street Journal quoted unnamed people in declaring that Coca-Cola was in talks to purchase Monster. If a contract transpired, Monster would be Coca-Cola’s biggest brand purchase ever.
Coca-Cola stated late on Monday that no such discussion is in process.
Monster refused to discuss the matter, citing firm policy.
Turning towards the sector PepsiCo, Inc. (NYSE:PEP) lost -0.15%, McDonald’s Corporation (NYSE:MCD) rose +0.07%, Johnson & Johnson (NYSE:JNJ) grew +0.40%, The Procter & Gamble Company (NYSE:PG) dropped -1.24%, Kraft Foods Inc (NYSE:KFT) which increased +1.19% and Wal-Mart Stores, Inc. (NYSE:WMT) moved down -0.20%.
The Coca-Cola Company (NYSE:KO) stock’s trade at beginning with a price of $76.42 and throughout the trading session climbed at a high of $76.90 other than when day-trade ended the stock finally declined -0.40% to $76.32.
Shares price of KO moved up from its 20 days moving average with 3.58% and remote positively from 50 days moving average with 6.97%. KO current year earnings per share experienced an addition with -27.10% while its current quarter performance remained 14.00%.
KO had a trade volume of 13.26 million shares was higher as compared to average trading capacity of 7.93 million shares.
KO last month stock price volatility remained 1.05%. In its share capital KO has 2.26 Billion outstanding shares among them 2.15 Billion shares have been floated in market exchange. KO stock institutional ownership remained 63.98% while insider ownership included 0.60%.
The stock is ahead its 52 week low with 22.61% and lagging behind from its 52 week high price with -1.93%. Company’s beta coefficient included 0.52. Beta factors measures the amount of market risk associated with market trade.
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