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Stock Market & Financial Investment News

News Breaks
January 11, 2013
08:22 EDTCPB, HSY, GIS, SJM, MDLZ, POST, HNZFood sector downgraded to Neutral from Attractive at Goldman
Goldman reduced its view on the Food sector due to valuation and challenging fundamentals. The firm downgraded General Mills (GIS) to Sell from Neutral, J.M. Smucker (SJM) to Neutral from Buy, and removed Campbell Soup (CPB) from its Conviction Buy List.
News For GIS;HNZ;MDLZ;HSY;POST;SJM;CPB From The Last 14 Days
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May 22, 2015
07:20 EDTCPBCampbell Soup CEO says gross margin focus began to pay dividends in Q3
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07:19 EDTCPBCampbell nows sees FY15 adjusted EPS closer to favorable end of $2.32-$2.38
Campbell now expects a year-over-year change in sales closer to the lower end of the previously announced range of -1 to +1%; a change in adjusted EBIT closer to the favorable end of the previously announced range of -7 to -5%; and a change in adjusted EPS closer to the favorable end of the previously announced range of -5 to -3 percent or $2.32-$2.38 per share, consensus $2.35. Guidance includes an estimated 2-point negative impact from currency translation, the company noted.
07:16 EDTCPBCampbell Soup reports Q3 adjusted EPS 62c, consensus 52c
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May 21, 2015
15:01 EDTCPBNotable companies reporting before tomorrow's open
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08:27 EDTCPBCampbell Soup June volatility elevated into Q3 and outlook
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May 19, 2015
12:47 EDTCPB, GISEarnings Watch: Target sees FY15 adjusted EPS $4.45-$4.65, 2%-3% sales growth
Target (TGT) is scheduled to report first quarter results before the market open on Wednesday, May 20, with a conference call scheduled for 10:30 am ET. Target offers merchandise at discounted prices through its retail stores and online business. EXPECTATIONS: Analysts are looking for earnings per share of $1.03 on revenue of $17.09B, according to First Call. The consensus range for EPS is 85c-$1.09 on revenue of $16.98B-$17.25B. LAST QUARTER: Target reported fourth quarter adjusted EPS of $1.50 on revenue of $21.75B, beating analysts' estimates for $1.46 and $21.63B, respectively. The company said comparable sales increased 3.8% in Q4, reflecting a 3.2% increase in comparable transactions. Target said digital channel sales contributed 0.9 percentage points to SSS growth. Target forecast Q1 adjusted EPS 95c-$1.05, SSS up about 2% and said its top priority is to drive digital sales growth. The company said it could be in a position to revisit stock buybacks later this year and noted that its workers' wages are "competitive." NEWS: At its Financial Community Meeting on March 3, Target forecast fiscal year 2015 adjusted EPS $4.45-$4.65, against estimates at that time for $4.50, on sales growth of 2%-3% for the fiscal year. The company also forecast 10% annual EPS growth for 2016 and beyond, as well as 5%-10% annual dividend growth. Target forecast $2B in savings in expenses and cost of goods over the next two years and 9.5%-10% EBITDA margins over the next five years. As for share repurchases, Target sees $2B this year, and said it continues to support the dividend and repurchase "billions." Looking to FY15, Target forecast FY15 capital expenditures of $2.1B and sees expected CapEx of $2B-$2.5B over the next five years. Target said its gross margin rate of 29.5% is "achievable." Target said it would focus on categories including style, baby, kids and wellness. As part of its $2B cost savings plan, Target said it will cut "several thousand jobs." Target said in a filing that on March 10, the company notified approximately 1,700 employees whose employment will be terminated as part of an overall plan to transform Targetís business. The company said it expects to incur severance costs of $10M. During the quarter, Target said it planned to raise its minimum pay for all workers to at least $9 an hour starting in April, according to The Wall Street Journal, and agreed to pay $10M to settle a class action lawsuit related to its 2013 data breach, Reuters reported. Target reached a settlement with MasterCard (MA) to resolve claims by MasterCard and its issuers related to the retailerís 2013 data breach. Under the agreement, Target will make available up to $19M in alternative recovery offers to eligible banks and credit unions across the globe. Target Canada said it would close the last 133 retail stores by April 12. Target also announced plans to sell its Target Commercial Interiors subsidiary to Omni Workspace. The retailer launched the Lilly Pulitzer for Target collection in April, which rendered its website inaccessible for short time after it was overwhelmed by customer traffic, The WSJ said. The WSJ also reported that, according to sources, Target gave notice to Campbell Soup (CPB), General Mills (GIS), Kellogg (K), Kraft Foods (KRFT) and others that it will reduce their presence in Target circulars and in-store advertisements. STREET RESEARCH: Following Target's analyst meeting, Wells Fargo said it thinks the company's operating plan sets the stage for the company to potentially beat expectations in 2015 and beyond. The firm believes that"outsized digital growth" or new products could enable Target's results to beat expectations. Piper Jaffray views Target's long term earnings algorithm, which is based on a 1% store comp and 40% growth in digital sales annually, as realistic and the company's capital deployment as encouraging. BofA/Merrill upgraded Target to Buy from Neutral in April and increased its price target to $92 from $86. The firm believes Target is well positioned to benefit from an improving middle-income core customer base. The firm said customers are responding well to improved assortment and merchandising and expects Target to continue to see increased spending at stores and online as customers trade-up to more expensive items. PRICE ACTION: Target shares are up over 1.6% over the past three months. In early afternoon trading ahead of Wednesday's earnings report, shares are down 0.51% to $77.96.
07:13 EDTGISBarclays to hold a conference
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05:38 EDTGISGeneral Mills backs FY15 adjusted EPS to grow at low single-digits
FY15 EPS consensus of $2.83. Backs FY15 net sales to grow at low single-digit rate, consensus $17.86B.
05:33 EDTMDLZMondelez Cocoa Life sustainability program fully operational in Indonesia
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May 17, 2015
19:11 EDTCPB, GISTarget to reduce advertising space for certain large brands, WSJ says
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May 15, 2015
17:15 EDTPOSTPaulson & Co. gives quarterly update on stakes
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17:07 EDTMDLZTrian Fund gives quarterly update on stakes
NEW STAKES: None. INCREASED STAKES: PepsiCo (PEP), Mondelez (MDLZ), Bank of New York Mellon Group (BK), and Du Pont (DD). DECREASED STAKES: Family Dollar (FDO), and Ingersoll-Rand (IR). LIQUIDATED STAKES: Lazard (LAZ).
15:17 EDTPOSTPost Holdings options active on wide price movement
Post Holdings June 35 and September 25 puts are active on total put volume of 3500 contracts (2900 calls). June put option implied volatility is at 43, September is at 40, December is at 39; compared to its 90-day average of 42. Active option volume suggests traders taking positions for large price movement.
12:13 EDTSJMThird Point gives quarterly update on stakes
NEW STAKES: Yum! Brands (YUM), NXP Semiconductors (NXPI), FedEx (FDX), McKesson (MCK), and J M Smucker (SJM). INCREASED STAKES: Actavis (ACT), Roper Technologies (ROP), Delta Air Lines (DAL), and FleetCor Technologies (FLT). DECREASED STAKES: Ally Financial (ALLY), Amgen (AMGN), Phillips 66 (PSX), eBay (EBAY), and Anheuser Busch Inbev SA (BUD). LIQUIDATED STAKES: Alibaba Group (BABA), Citigroup (C), EMC Corporation (EMC), Anglo American (AAL), and Williams Companies (WMB).
10:13 EDTPOSTHigh option volume stocks
High option volume stocks: POST SFM GSVC HGG HUN PH JWN CAR ONTY LBTYA
09:40 EDTPOSTEquity options with increasing volume
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09:30 EDTPOSTPost Consumer Brands to be led by Chris Neugent
The combined business, called Post Consumer Brands, will be led by MOM Brands president Chris Neugent. Neugent will report to Rich Koulouris, who joined Post Holdings in February to lead Post Foods Group, comprising branded center-of-the-store as well as its private label retail businesses.
09:28 EDTPOSTPost Holdings to close Parsippany, NJ office, will impact about 200 employees
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May 14, 2015
18:37 EDTPOSTPost Holdings provides additional avian influenza update
Post Holdings provided an additional update on the recent avian influenza outbreak affecting Post's egg business: Post management has determined that the ongoing AI outbreak constitutes a force majeure event with respect to its Michael Foods egg business, the effect of which renders Michael Foods unable to fully perform under its existing supply agreements with customers. Michael Foods is taking various measures including discontinuation of certain product lines and appropriate pricing actions to offset reduced egg supply and increased operating costs. Post management further announced that a second company owned chicken flock in Nebraska has tested positive for AI. This brings the total affected supply to approximately 25% of the company's volume commitments as determined prior to the recognition of force majeure. The financial impact of the above is being estimated at this time.
May 13, 2015
10:51 EDTPOSTPost Holdings says chicken flocks in Nebraska, Iowa test positive for AI
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