Reported Earlier, 'Anthropic secured highest junk credit rating in June' - FT Exclusive
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Coca-Cola is reportedly exploring a sale of Costa Coffee after struggling to achieve growth following its $5.1B deal.
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https://corporate.easyjet.com/investors/offer-from-apollo/
ATLAS SP Partners, majority owned by Apollo funds, announced the pricing of $750 million in 6.250% fixed-to-floating rate senior notes due 2032 through its subsidiary Atlas Warehouse Lending Company. The notes will convert to a floating rate based on SOFR plus 2.534% spread after November 2031. Proceeds will fund assets, pay fees, and support general corporate purposes including potential debt repayment. The offering is expected to close on October 21, 2026.
UBS analyst Michael Brown maintains Apollo Global Management (NYSE:APO) with a Buy and lowers the price target from $172 to $163.
Kraft Heinz and Coca-Cola represent different investment strategies in the consumer staples sector. Kraft Heinz trades at a steep discount (11x forward P/E) with a high 7.2% dividend yield but faces profitability challenges, a $9.3B impairment charge, and declining margins. Coca-Cola commands a premium valuation (27x forward P/E) justified by superior 27.3% net margins, consistent profitability, and 64 consecutive years of dividend increases. The article suggests Kraft Heinz may appeal more to deep-value investors despite turnaround risks, while Coca-Cola offers stability and proven cash generation.
Coca-Cola and PepsiCo present different investment profiles for 2026. Coca-Cola offers superior profitability with a 27.3% net margin and strong historical returns (92% over 5 years), but trades at a premium valuation (27x P/E). PepsiCo provides better value with a lower P/E ratio (15x), higher dividend yield (4.6%), and diversified food/beverage portfolio, but faces commodity pressures and lower profitability margins (8.8% net margin). The choice depends on investor priorities: growth and profitability favor Coca-Cola, while value and income favor PepsiCo.