Coca-Cola Aims to Grow Market Share in the Middle East

Coca-Cola (NYSE:KO) hopes to take advantage of the Middle East’s large non-alcoholic beverage market with the $980M purchase of roughly half the equity in Saudi Arabia’s Aujan Industries drink business. Aujan Chairman Adel Aujan would like to double the company’s current annual profit of 3B riyals ($800M) within five years.

Here’s how top soda companies are reacting to the news:

The Coca-Cola Company (NYSE:KO): KO shares recently traded at $66.43, down $0.05, or 0.08%. They have traded in a 52-week range of $61.29 to $71.77. Volume today was 3,674,491 shares versus a 3-month average volume of 9,500,170 shares. The company’s trailing P/E is 12.21, while trailing earnings are $5.44 per share. Get the most recent company news and stock data here >>

Pepsico, Inc. (NYSE:PEP): PEP shares recently traded at $64.35, up $0.07, or 0.11%. They have traded in a 52-week range of $58.50 to $71.89. Volume today was 2,145,035 shares versus a 3-month average volume of 8,611,490 shares. The company’s trailing P/E is 16.13, while trailing earnings are $3.99 per share. Get the most recent company news and stock data here >>

Dr Pepper Snapple Group, Inc. (NYSE:DPS): DPS shares recently traded at $37.69, up $0.03, or 0.08%. They have traded in a 52-week range of $33.68 to $43.13. Volume today was 481,524 shares versus a 3-month average volume of 1,848,620 shares. The company’s trailing P/E is 15.33, while trailing earnings are $2.46 per share. Get the most recent company news and stock data here >>

Hansen Natural Corporation (NASDAQ:HANS): HANS shares recently traded at $92.95, down $1.75, or 1.85%. They have traded in a 52-week range of $50.34 to $97.31. Volume today was 288,579 shares versus a 3-month average volume of 1,079,480 shares. The company’s trailing P/E is 32.04, while trailing earnings are $2.90 per share. Get the most recent company news and stock data here >>

Jones Soda Co. (NASDAQ:JSDA): JSDA shares recently traded at $0.49,. They have traded in a 52-week range of $0.62 to $2.32. Volume today was 25,058 shares versus a 3-month average volume of 286,176 shares. The company’s trailing earnings are $-0.23 per share. Get the most recent company news and stock data here >>

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