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Stock Market & Financial Investment News

News Breaks
June 25, 2014
11:36 EDTPF, GIS, POST, MDLZ, KGeneral Mills falls after results miss expectations
Shares of branded food products maker General Mills (GIS) are falling after the company's fourth quarter results missed analysts' consensus estimates. It also forecast Q1 earnings per share below year ago levels. WHAT'S NEW: This morning, General Mills reported Q4 adjusted EPS of 67c and revenue of $4.28B, trailing analysts' consensus estimates of 72c and $4.42B, respectively. WHAT'S NOTABLE: The company forecast Q1 adjusted EPS below year ago levels, compared to consensus of 76c. For FY15, the company forecast adjusted EPS growth at a high single digit rate, versus consensus of $3.15. It sees FY15 net sales to grow at a mid single-digit range, compared to consensus of $18.65B. At current exchange rates, the company estimates a 3-cent headwind from currency translation in 2015 and FY15 adjusted gross margin is expected to be higher than FY14. The company is planning to increase cash returns to shareholders and is "anxious" to see renewed cereal category growth. It expects Yoplait to return to sales growth in 2015. PRICE ACTION: In late morning trading, General Mills fell $1.70, or about 3.2%, to $52 on heavy trading volume. Including today's pull back, the stock is up approximately 7.5% over the past 12 months. OTHERS TO WATCH: Other companies in the food products space include Kellogg (K), Post Holdings (POST), Mondelez (MDLZ) and Pinnacle Foods (PF).
News For GIS;K;POST;PF;MDLZ From The Last 14 Days
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May 19, 2015
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 EDTGIS, KTarget 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.
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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10:07 EDTPFHigh option volume stocks
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May 12, 2015
18:35 EDTPOSTPost Holdings says chicken flocks in Nebraska, Iowa test positive for AI
Post Holdings provided an update on the recent avian influenza outbreak impacting Post's egg business. Chicken flocks at company owned and third party farms in Nebraska and Iowa, respectively, have tested positive for AI. Including these two new incidents, Post now estimates that approximately 20% of its egg supply has been affected. On May 7, Post provided Adjusted EBITDA guidance for fiscal 2015 of between $585M and $610M. This included an estimated negative impact of $20.0 million related to AI based on information available at that time. Post will update the estimated impact of AI as soon as practicable
12:44 EDTKEarnings Watch: Macy's sees FY15 EPS $4.70-$4.80, total sales up about 1%
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May 11, 2015
09:59 EDTPOSTOn The Fly: Analyst Initiation Summary
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09:59 EDTPOSTOn The Fly: Analyst Downgrade Summary
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08:53 EDTPOSTPost Holdings initiated with a Buy at Pivotal Research
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06:21 EDTPOSTPost Holdings downgraded to Neutral from Buy at Citigroup
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