Shares of Ambev SA (ADR) (NYSE:ABEV) ended Tuesday session in green amid volatile trading. The shares closed up +0.12 points or 1.96% at $6.25 with 21.70 million shares getting traded. Post opening the session at $6.12, the shares hit an intraday low of $6.09 and an intraday high of $6.25 and the price vacillated in this range throughout the day. The company has a market cap of $96.35 billion and the numbers of outstanding shares have been calculated to be 15.70 billion shares.
Ambev SA (ADR) (ABEV) produces, distributes, and sells beer, draft beer, soft drinks, other non-alcoholic beverages, malt, and food in the Americas. The company operates through Latin America North, Latin America South, and Canada segments. It offers beers primarily under the Skol, Brahma, and Antarctica brands. The company also provides carbonated soft drinks, bottled water, isotonic beverages, energy drinks, and ready-to-drink teas under the Guaraná Antarctica, Guaraná Antarctica Black, Gatorade, H2OH!, Lipton Iced Tea, Fusion, Monster, Red Rock, Pepsi-Cola, and Seven Up brands. Ambev S.A. offers its products through a network of third-party distributors and a direct distribution system. The company was founded in 1885 and is headquartered in São Paulo, Brazil. Ambev S.A. is a subsidiary of Interbrew International B.V.
Shares of The Coca-Cola Co (NYSE:KO) ended Tuesday session in green amid volatile trading. The shares closed up +0.13 points or 0.30% at $43.79 with 8.60 million shares getting traded. Post opening the session at $43.74, the shares hit an intraday low of $43.40 and an intraday high of $43.80 and the price vacillated in this range throughout the day. The company has a market cap of $190.35 billion and the numbers of outstanding shares have been calculated to be 4.32 billion shares.
The Coca-Cola Co (KO) on July 27, 2016 announced several agreements that continue the Company’s progress in reshaping its North American bottling system.
Coca-Cola announced new letters of intent involving two bottlers. The National Product Supply Group (NPSG) – which was formed to administer key activities for member bottlers, including production of cold-fill beverages – also announced that it is expanding.
The new letters of intent involve:
- Coca-Cola Bottling Company of Yakima, Wash., expects to add territory in Moses Lake, Wash. This is a portion of the Pacific Northwest territory that was previously announced under a letter of intent with Swire Coca-Cola, USA. Coca-Cola Refreshments (CCR), a subsidiary of The Coca-Cola Company, currently has exclusive distribution rights in this territory.
- Durham Coca-Cola Bottling Company of North Carolina expects to add territory in Sanford, N.C. CCR currently has exclusive distribution rights in this territory.
The NPSG – which has five current members and a sixth, previously announced incoming member – expects to add to its membership. The two additional members are Coca-Cola Beverages Florida and the newly created Midwest Regional Product Supply Group, or Midwest RPSG. The Midwest RPSG will be led by Rosemont, Ill.-based Great Lakes Coca-Cola Distribution and is anticipated to include other Midwestern bottlers.