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Stock Market & Financial Investment News

News Breaks
January 9, 2014
06:10 EDTGIS, CPB, CAG, KRFT, K, KO, PEP, HSYStudy finds food companies cut 6.4T calories, AP says
A new study reported that 16 of the largest food companies in the U.S. have trimmed calories in their products by more than 6.4T, reported the Associated Press. Some of the companies include General Mills (GIS), Campbell Soup (CPB), ConAgra (CAG), Kraft Foods (KRFT), Kellogg (K), Coca-Cola (KO), PepsiCo (PEP) and Hershey (HSY). Reference Link
News For GIS;CPB;CAG;KRFT;K;KO;PEP;HSY From The Last 14 Days
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July 17, 2014
06:19 EDTKOCoca-Cola to invest over $8.2B in Mexico over six years, WSJ reports
Coca-Cola Mexico President Francisco Crespo announced during a ceremony in Toluca, Mexico, that the company will invest over $8.2B in Mexico over the next six years along with its eight local bottlers, the Wall Street Journal reports. The investment comes despite a 12% tax Mexico has placed on full-calorie sodas, teas and juices. Reference Link
July 16, 2014
15:47 EDTPEPPeltz says there could be a PepsiCo proxy contest
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15:46 EDTPEPPeltz says still believes PepsiCo should be broken up
Nelson Peltz of Trian says his fund has met with about 100 top shareholders of PepsiCo to push for its proposed changes at the company. Peltz is speaking at the "Delivering Alpha" conference.
10:00 EDTHSYOn The Fly: Analyst Downgrade Summary
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06:56 EDTHSYHershey downgraded to Neutral from Outperform at Credit Suisse
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July 15, 2014
18:18 EDTPEP, KOPepsiCo escalates operations in Myanmar, Nikkei reports
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16:06 EDTHSYHershey sees 2014 sales, EPS growth at lower end of long-term range
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16:04 EDTHSYHershey does not expect price increase to impact 2014 results
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16:03 EDTHSYHershey raises wholesale prices across majority of portfolio
Hershey announced an increase in wholesale prices across the majority of its U.S., Puerto Rico and export portfolio. A weighted average price increase of approximately 8% across the company's instant consumable, multi-pack, packaged candy and grocery lines is effective today. "These changes will help offset part of the significant increases in Hershey’s input costs, including raw materials, packaging, fuel, utilities and transportation, which the company expects to incur in the future," Hershey said. “Over the last year key input costs have been volatile and remain at levels that are above historical averages,” said Michele G. Buck, President, North America, The Hershey Company. “Commodity spot prices for ingredients such as cocoa, dairy and nuts have increased meaningfully since the beginning of the year. Given these trends, we expect significant commodity cost increases in 2015. We are a gross margin focused company and remain committed to our consumer-centric business model of bringing insights to retailers that will enable us to grow our business and the category. During the transition period we will support our brands with higher levels of investment, including merchandising, programming, advertising and innovation, that will benefit Hershey and the category."
16:02 EDTHSYHershey sees Q2 adjusted EPS 75c-77c, consensus 76c
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10:00 EDTCPB, KOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Adecogro (AGRO) downgraded to Underperform from Neutral at BofA/Merrill... Campbell Soup (CPB) downgraded to Sell from Neutral at Goldman... Credicorp (BAP) downgraded to Neutral from Overweight at JPMorgan... El Paso Pipeline (EPB) downgraded to Neutral from Buy at Citigroup... Kellogg (K) downgraded to Sell from Neutral at Goldman... Kodiak Oil & Gas (KOG) downgraded to Market Perform from Outperform at BMO Capital... Lexmark (LXK) downgraded at Bernstein... Maxim Integrated (MXIM) downgraded to Equal Weight from Overweight at Barclays... Republic Airways (RJET) downgraded to Underperform from Neutral at BofA/Merrill... Sasol (SSL) downgraded to Neutral from Buy at Citigroup... Time Warner (TWX) downgraded to Equal Weight from Overweight at Evercore.
08:51 EDTGISGeneral Mills inaugurates facility in China
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08:51 EDTCPBCampbell Soup reiterated as an Underweight at Morgan Stanley
Morgan Stanley reiterated Campbell Soup as an Underweight ahead of the July 21 Investor Meeting and August 29 earnings report. The firm has concerns regarding disappointing Soup promotions, gross margin deterioration, and Pepperidge Farm competitive pressures. Firm estimates remain below consensus and it remains skeptical about a LBO speculation.
08:50 EDTGISGeneral Mills expects double-digit net sales growth from Greater China this year
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07:15 EDTCAG, CPB, PEP, KOIIR Holdings to hold a conference
14th Annual Shopper Insights in Action Conference to be held in Chicago on July 14-16.
05:43 EDTKKellogg downgraded to Sell from Neutral at Goldman
Goldman Sachs downgraded Kellogg to Sell on expectations the company's sales will miss expectations and its full year guidance could be cut when the company reports on July 31. Goldman thinks sales weakness is wiping out benefits from cost-savings and it lowered its price target for shares to $59 from $64.
05:40 EDTCPBCampbell Soup downgraded to Sell from Neutral at Goldman
Goldman Sachs downgraded Campbell Soup to Sell saying it expects earnings to miss expectations and that shares are near peak valuation. The firm lowered its price target for the stock to $39 from $41.
July 14, 2014
07:32 EDTCAGConAgra acquires TaiMei Potato for $93M
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06:27 EDTHSYLindt & Sprüngli acquires Russell Stover Candies
The Lindt & Sprüngli Group is acquiring the traditional U.S. family business Russell Stover Candies, headquartered in Kansas City, Missouri. Lindt & Sprüngli is financing the acquisition through net cash resources and bank loans and expects the transaction to make a strong positive contribution to the earnings per share from 2015 onwards. It has been agreed not to disclose the purchase price and other contractual details. Other companies that are in the confectionary industry in North America include Hershey (HYS) Rocky Mountain Chocolate (RMCF) and Mondelez (MDLZ). Reference Link
July 11, 2014
07:26 EDTKOApple, Coke on board with Obama 'SupplierPay' initiative, WSJ says
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