NEW YORK, NY / ACCESSWIRE / April 5, 2018 / Shares of Coca Cola and Hormel Foods were little affected by China imposing tariffs on many U.S. goods. Both shares closed higher in the green on Wednesday.

RDI Initiates Coverage on:

Hormel Foods Corporation
https://rdinvesting.com/news/?ticker=HRL

The Coca-Cola Company
https://rdinvesting.com/news/?ticker=KO

Hormel Foods Corporation shares closed up 4.82% yesterday on nearly 8 million shares traded yesterday. There was no news from the company but according to a report in The Wall Street Journal, the food company may have been looking at private equity sources to potentially find targets for acquisitions. China this week imposed higher tariffs on the import of over 120 US commodities that include frozen pork which sent shares of fellow food company Tyson Foods into the red on Monday. Hormel didn't seem too effected by China's move. It was also recently that Hormel announced its quarterly dividend on the common stock, authorized by the Board of Directors at eighteen and three quarter cents (18.75¢) a share. The dividend will be paid May 15, 2018, to stockholders of record at the close of business on April 16, 2018.

Access RDI's Hormel Foods Corporation Research Report at:
https://rdinvesting.com/news/?ticker=HRL

The Coca-Cola Company shares closed up 1.98% on about 13.5 million shares traded on Wednesday. Despite many stocks seeing losses as China imposed tariffs, Coca Cola wasn't one of them yesterday. China continues to plan a tariff on goods in the U.S. totaling $50 billion. It was yesterday that European nutrition watchdog Foodwatch had alleged that Coca-Cola is trying to preserve its "completely outdated" business model by denying just how unhealthy the company's products are. Foodwatch Germany's director Martin Rucker said at a press conference, "Sugary drinks are the new cigarettes." According to Foodwatch, Coca Cola is involved with "irresponsible" marketing and lobbying measures in order to protect its market and is "consciously targeting children and young people." Coca Cola's Director of Communications, Patrick Kammerer, has said on the company's website, "Obesity is a complex phenomenon. there were a simple, direct connection between the consumption of sugary refreshment drinks and obesity, it should be in the statistics. But, according to the data of the World Health Organization (WHO), this assumption is not true. One example: In countries like Finland, where young people consume very few soft drinks, there is a high rate of overweightness. In the Netherlands it is the exact opposite." Shares of Coca Cola are still off about 9% from their high in January.

Access RDI's The Coca-Cola Company Research Report at:
https://rdinvesting.com/news/?ticker=KO

Our Actionable Research on Hormel Foods Corporation (NYSE: HRL) and The Coca-Cola Company (NYSE: KO) can be downloaded free of charge at Research Driven Investing.

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SOURCE: RDInvesting.com