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The Coca-Cola Company (NYSE:KO) and China Mengniu Dairy signed joint sponsorship deal

By on June 25, 2019 0

The Coca-Cola Company (NYSE:KO) and China Mengniu Dairy signed a joint sponsorship deal from 2021–2032 with the organizers of the Olympic Games yesterday. At a reported $3 billion, it’s one of the biggest-ever corporate endorsement deals in sports. The heart of the deal: The two sponsors arrived with very different motivations. Mengniu’s trying to expand its international reach. Despite substantial market share in China, its potential for growth at home has been limited by declining birth rates and the continued fallout from a 2008 baby formula poisoning scandal.

The Coca-Cola Company (NYSE:KO), a Consumer Goods sector firm, traded 10.61 Million shares in last trading session with closing price of $51.92 per share. Company gross margin stands at 62.70% whereas its return on investment (ROI) is 9.40%. Stock value has moved between $42.91 – 52.44 in last one year. Analyst’s mean target price for The Coca-Cola Company (NYSE:KO) is $52.00 while analysts mean recommendation is 2.40. KO EPS growth this year is 41.50%. 

On last trading day, Carnival Corporation (NYSE:CCL) shares closed at $46.00 per share. CCL market capitalization is 32612.62 with beta of 1.11. Analyst’s mean target price for Carnival Corporation (NYSE:CCL) is $62.78 whereas analysts mean recommendation is 2.00. Its weekly performance is -12.01% while year to date (YTD) performance is -6.69%. 

In last session Liberty Broadband Corporation (NASDAQ:LBRDA) traded 58019 shares and was closed at $101.49. Analyst’s mean target price for LBRDA is $109.00 while analysts mean recommendation is 2.20. Company is -1.67% away from its 52 week high and is moving 47.60% ahead of its 52 week low. LBRDA return on assets is 0.60%. Liberty Broadband Corporation (NASDAQ:LBRDA) quarterly performance is 10.20% while its price to sale ratio is 1335.87. 

Euronav NV (NYSE:EURN), a Services sector firm, traded 492045 shares on last trading day with closing price of $8.90 per share. Stock value has moved between $6.79 – 10.23 in last one year. Analyst’s mean target price for Euronav NV (NYSE:EURN) is $11.91 while analysts mean recommendation is 1.70. EURN EPS growth this year is 117.50%. 

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