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Full-Year 1999 Stock Prices: Bears Bite Beverages. In the face of overall strong 1999 stock market performance -- with Dow Jones Industrial Average up +25% for year -- most beverage companies post weak stock price records. Twelve of 17 tracked stocks down last year. Industry's two leaders -- Coca-Cola Co and PepsiCo -- both down about -13% for year. Both under-perform Dow by about 38 points. Cadbury and big US-based bottlers post even weaker stock performance. Cadbury down -30% for year. Coca-Cola Enterprises down -43.7% and Pepsi Bottling Group down -28% from March IPO. Coke Consolidated -- after many years of climbing and stable stock price performance -- hits skid in late 1999 as markets clobber bottler stocks. |
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Few bright spots. Only five stocks post gains. Triarc's share price climbs +15.7% for year, as Snapple's recovery continues. Under new management and amid reorganization, Cott posts hefty +48.7% increase after company's stock price collapses from late 1997 to early 1999. Two Latin American Coke bottlers -- Andina and Coke Femsa -- post gains.
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This
and all past issues of Beverage Digest are for sale.
