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Stock Market & Financial Investment News

News Breaks
July 3, 2014
10:25 EDTTHS, DF, GMCR, DMNDDiamond Foods, Dean Foods, Keurig are potential takeout targets, says KeyBanc
KeyBanc expects that the consolidation seen to date this year in the food and beverage space will continue and the firm views Diamond Foods (DMND), Dean Foods (DF) and Keurig Green Mountain (GMCR) as potential takeout targets. The firm raised its price target on Diamond to $35 from $32, stating that its Nuts business warrants a higher multiple in light of TreeHouse Foods' (THS) recent purchase of Flagstone Foods. The firm keeps its Buy ratings on Diamond, Dean Foods and Green Mountain.
News For DF;DMND;GMCR;THS From The Last 14 Days
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March 25, 2015
09:33 EDTGMCRKeurig Green Mountain downgraded to Negative from Mixed at OTR Global
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06:04 EDTDFClean Energy agrees with Dean Foods to construct natural gas station
Clean Energy (CLNE) announced an agreement with Dean Foods (DF) to construct a compressed natural gas station at its Oak Farms Dairy plant in Houston, Texas. Beginning in the second half of 2015, the station will be used to fuel the CNG vehicles deployed by Dean Foods. Over the next several months, Dean Foods will introduce 57 CNG Freightliner M2-112 straight trucks and 7 Freightliner Cascadia over-the-road tractors powered by the Cummins ISL-G and ISX12-G engines, respectively and outfitted with Agility CNG fuel tanks.
March 24, 2015
11:40 EDTTHSMcCormick hits 52-week high after Q1 results top expectations
Shares of spices, seasonings and condiments maker McCormick & Company (MKC) are advancing after the company's first quarter results surpassed analysts' consensus estimates. WHAT'S NEW: This morning, McCormick reported Q1 adjusted earnings per share of 70c excluding a 15c impact of special charges on revenue of $1.01B, topping analysts' consensus estimates of 64c and $985.12M, respectively. McCormick's Q1 sales rose 2% from the year-ago period and in constant currency, the increase was 6%. Consumer business sales rose 5% in constant currency in Q1 due to increased volume and product mix driven by product innovation, brand marketing support and expanded distribution. Industrial business sales grew 7% in constant currency, with higher volume and product mix, as well as pricing actions. WHAT’S NOTABLE: Looking ahead, the company forecast fiscal year 2015 adjusted EPS of EPS $3.44-$3.51, below its prior view of $3.51-$3.58 given in January and analysts' estimates for FY15 of $3.53. The company continues to expect 4%-6% sales growth in constant currency for FY15. Based on year-to-date results and prevailing exchange rates, currency is now expected to lower this sales growth range by 5 percentage points, which is more than the previous projection of 3 percentage points. In constant currency, adjusted operating income is expected to grow 6%-7% from adjusted operating income of $608M in 2014. McCormick also raised its anticipated special charges for the year to $30M from $20M due to a higher response rate to its voluntary retirement program and additional actions in EMEA. McCormick is also targeting cost reductions of at least $85M in FY15, which are expected to help offset higher material costs. The company sees its Comprehensive Continuous Improvement program delivering at least $65M in 2015, and sees savings from reorganization actions of $20M. Chairman and Chief Executive Officer Alan Wilson commented that Q1 operating income was unfavorably impacted by several factors including special charges, unfavorable currency rates and higher material costs. Wilson said the company anticipates that these headwinds will continue in 2015, but expect the benefit of pricing actions and cost reduction efforts to build in the upcoming quarters. PRICE ACTION: In late morning trading, McCormick rose $2.90 or 3.96% to $76.10 on more than twice its average daily trading volume. The stock hit a fresh 52-week high of $77.79 earlier in the session. Including today's advance, the shares have gained nearly 13% over the past 12 months. OTHERS TO WATCH: Other companies in the food space include TreeHouse Foods (THS), down 0.8%, B&G Foods (BGS), up 1.2%, and Pinnacle Foods (PF), up 0.1%.
March 23, 2015
11:30 EDTGMCRKeurig Green Mountain announces launch of K-Mug pods
Keurig Green Mountain announces the addition of Keurig K-Mug pods: pods that brew a large travel mug-size of consumers' beverages, offering even more brewing options within the Keurig 2.0 brewing system. Keurig 2.0, which debuted in Fall 2014, is a hot beverage system and the first Keurig brewer with the ability to brew a single cup, a four-cup carafe, and now a travel mug size of coffee. Available exclusively on Keurig.com, the new K-Mug pods are specially formulated to deliver the quality and strength of flavor that Keurig 2.0 brewer users expect when brewing 12-, 14-, and 16-ounce coffee and other beverages, accommodating both on-the-go lifestyles and those mornings that require more than a cup but less than a carafe.
10:07 EDTDMNDDiamond Foods management to meet with SunTrust
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March 19, 2015
10:28 EDTGMCRKeurig Green Mountain 2.0 system traction disappointing, says Dougherty
Dougherty's said it is cautious on Keurig Green Mountain following checks indicating disappointing traction for the 2.0 brewer system.
March 18, 2015
17:01 EDTTHSTreeHouse names Christopher Sliva as COO
TreeHouse Foods announced that Christopher Sliva, Executive Vice President of TreeHouse Foods and President of Bay Valley Foods, has been promoted to the position of Executive Vice President and COO of TreeHouse Foods.

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