New Products & Acquisitions Push Beverage Companies to New Gains in Consumer Goods Sector

From www.prnewswire.com by MarketNewsUpdates.com
New Products & Acquisitions Push Beverage Companies to New Gains in Consumer Goods Sector

PALM BEACH, Florida, December 9, 2016 /PRNewswire/ --

Consumers are opting for ready-to-drink, healthier brand beverages which have a longer shelf life but more importantly, better quality with less unnecessary preservatives and additives. This shift in consumer demand has led to new growth opportunities for companies such as: Long Island Iced Tea Corp. (NASDAQ: LTEA), Dr Pepper Snapple Group, Inc. (NYSE: DPS), Monster Beverage Corp. (NASDAQ: MNST), Pepsico, Inc. (NYSE: PEP) and The Coca-Cola Company (NYSE: KO).

Long Island Iced Tea Corp. (NASDAQ: LTEA), a growth-oriented company focused on the ready-to-drink ("RTD") tea segment in the beverage industry, today announced that it has reached an agreement to acquire the ALO Juice® beverage brand and trademark rights from The Wilnah International, LLC ("Wilnah") for a purchase price of 5,000 shares of the Company's common stock. The closing of the transaction is subject to customary conditions, and is expected to occur in the first quarter of 2017. Read the full LTEA Press Release and more news at: http://marketnewsupdates.com/news/ltea.html

The Company has acted as a distributor of ALO Juice® since February 2016 and has sold nearly $1 million of ALO Juice® to date. According to Chicago-based market research SPINS LLC this segment of the beverage market is projected to continue to grow worldwide for the foreseeable future with the total U.S. market having grown 11% in the past year to $146 million. The Company believes the acquisition will further enable it to meet growing consumer demand for better-for-you beverages. Philip Thomas, Chief Executive Officer of the Company, stated, "We are continuing to see a shift towards healthier beverages and ALO Juice® offers a product which is aligned with this movement."  

Mr. Thomas further commented, "ALO Juice® is a terrific brand. We are excited that it will mark the first brand acquisition in our five-year history. We expect this acquisition to provide our Company with the ability to capitalize on the growth in the better-for-you beverage category, both in the U.S. and international markets, alongside our flagship Long Island Iced Tea brand®."  

For a complete insight into LTEA operations go to this free, independent report: http://investmentresearchreport.com/LTEA/?=fn Source: ALG Financial

In other Beverage developments and happenings in the market:  

Dr Pepper Snapple Group, Inc. (NYSE: DPS) recently announced that it has reached an agreement to acquire Bai Brands, LLC ("Bai" or the "Company"), and its complete portfolio of high-growth premium antioxidant infused beverages. The cash purchase price of $1.7 billion includes a tax benefit of approximately $400 million on a net present value basis and will be financed through new unsecured notes and short term commercial paper. We expect to maintain our strong investment grade credit profile and have no plans to change our existing shareholder dividends and share repurchase distributions.

Monster Beverage (NASDAQ: MNST) had a difficult third quarter, but Cowen says it's not time to give up on the stock. Analyst Vivien Azer reiterated an Outperform rating on Monster Wednesday, although she did slightly lower her target price, to $52 from $54, citing currency headwinds. She writes that recent Nielsen data has been encouraging, as Monster has notched two straight months of accelerating growth.   http://blogs.barrons.com/stockstowatchtoday/2016/12/07/monster-beverage-hope-for-2017/?mod=yahoobarrons&ru=yahoo&yptr=yahoo

In an article published by TheStreet.com, PepsiCo (NYSE: PEP) wants to deliver a meal to you, the lazy urban millennial. The soda and snack giant said Tuesday that it has hooked up with online meal kit marketplace Chef'd to deliver three Quaker Oats-branded meals, all featuring the brand's trademark oats as the star. People who order the Quaker Oats-inspired meals receive all the necessary, pre-portioned ingredients and step-by-step instructions for making the meal. The meal kits, which will cost $10 for a serving of two, will also include a mason jar as well as additional oats-inspired recipe cards.

The Coca-Cola Company (NYSE: KO) opened a new bottling plant in Phnom Penh, Cambodia. The investment, valued at $100 million, is part of Coca-Cola's plan to expand its production facility in the Southeast Asian country by 2018. The plant, situated in a special economic zone, will provide employment opportunity to 817 people. Notably, it will also be powered with solar energy.

DISCLAIMER: MarketNewsUpdates.com (MNU) is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. MNU is NOT affiliated in any manner with any company mentioned herein. MNU and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. MNU's market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release. MNU is not liable for any investment decisions by its readers or subscribers.  Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. For current services performed MNU has been compensated one thousand seven hundred dollars for news coverage of the current press release issued by Long Island Iced Tea Corp. by a non-affiliated third party. MNU HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and MNU undertakes no obligation to update such statements.

Contact Information:
Media Contact email: info@marketnewsupdates.com - +1(561)325-8757

SOURCE MarketNewsUpdates.com

Around the Web