Sugary Beverage Tax in Australia Off the Table for Now, but Still a Medium-Term Risk for Amatil
Australians are drinking fewer soft drinks, and we expect this trend to continue. We see consumption falling at 3% to 4% annually for carbonated beverages, and narrow-moat Coca-Cola Amatil will likely experience its fair share of this pain as the market leader. Despite growth from a push into noncarbonated beverages such as juice and bottled water, we forecast volumes in the firm's Australian segment falling at a 0.2% annual clip over the next five years.However, this trend isn't new. Soft drin...
Coca-Cola Amatil manufactures, distributes and sells ready-to-drink beverages. Co.'s product range includes non-alcohol sparkling, beverages, spring water, sports and energy drinks, fruit juices, iced tea, flavoured milk, coffee, tea, beer, cider, spirits and packaged ready-to-eat fruit and vegetable snacks and products. Co.'s segments include: Non-Alcohol Beverages, which manufactures, distributes and markets sparkling drinks and other non-alcohol beverages; Alcohol & Coffee Beverages, which manufactures and distributes premium spirits, beer and coffee products; and Corporate, Food & Services, which is involved in the processing and marketing of fruit and other food products business.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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