This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Coca-Cola Profit Rises 13%: Hot Trends

Stocks in this article: KO PEP

NEW YORK ( TheStreet) -- Popular searches on the Internet include Coca-Cola (KO - Get Report) after the company reported an increase of 13% in fourth-quarter profit on higher global sales volume.

Coke reported global sales growth of 3%, driven by international sales. Coke has been shifting its focus to emerging markets with growing middle classes where the market for its products isn't saturated, as it is in the U.S. and Europe.

The company earned $1.87 billion, or 41 cents a share, in the quarter, compared with $1.66 billion, or 36 cents share, in the same quarter a year ago. Excluding items, the company reported profit of 45 cents a share. Analysts had been looking for an adjusted profit of 44 cents a share on revenue of $11.53 billion.






Hostess Brands is trending as the company was granted approval by a bankruptcy judge to hold an auction for some of its brands.

Flower Foods, McKee Foods, United States Bakery, Apollo Global Management and C. Dean Metropoulos & Co. have been approved as lead bidders, otherwise called "stalking-horse" bidders for Hostess products. The date for a sale hearing to approve the best bids has been set for March 19.

According to reports, Apollo and Metropoulos offered as much as $410 million for the Hostess snack-cake business, while Flower Foods has two purchase agreements for Hostess products, one for $360 million and another for $30 million. McKee Foods has agreed to pay $27.5 million for the Drake's product line, while United States Bakery has offered $28.9 million for brands including Eddy's and Standish Farms.

The approval comes three months after Hostess filed for bankruptcy following negotiations with the Bakery, Confectionery, Tobacco and Grain Millers union that broke down and the union went on strike.


1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,678.70 +6.10 0.03%
S&P 500 2,057.09 +5.27 0.26%
NASDAQ 4,771.7630 +13.8840 0.29%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs