New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
June 25, 2014
11:36 EDTPOST, MDLZ, K, PF, GISGeneral 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
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | all recent news | >>
July 30, 2015
09:25 EDTMDLZOn The Fly: Pre-market Movers
Subscribe for More Information
08:10 EDTMDLZMondelez board approves $6B increase to share repurchase authorization
Subscribe for More Information
08:07 EDTMDLZMondelez backs FY15 EPS view of double-digit growth on constant currency basis
Raises FY15 revenue guidance to up 3%+ from up 2%+.
08:06 EDTMDLZMondelez reports Q2 adjusted EPS 47c, consensus 39c
Subscribe for More Information
07:12 EDTPFPinnacle Foods raises FY15 adjusted EPS to $1.89-$1.91 from $1.86-$1.91
Subscribe for More Information
07:11 EDTPFPinnacle Foods reports Q2 North America sales up 2% to $546.9M
Subscribe for More Information
07:10 EDTPFPinnacle Foods reports Q2 EPS excl-items 36c, consensus 35c
Reports Q2 revenue $631.7M, consensus $628.17M. This growth reflected a 2.5% benefit from Gardein and higher net price realization of 1.3%, partially offset by lower volume/mix of 1.2%, driven by Easter timing, and unfavorable foreign currency translation of 0.3%.
July 29, 2015
15:08 EDTMDLZNotable companies reporting before tomorrow's open
Subscribe for More Information
14:02 EDTMDLZMondelez invests more than $130M in North American biscuits business
Mondelēz International announced an investment of more than $130M in its North American biscuits business, as the company continues its journey to modernize its manufacturing assets and processes and create a global best-in-class integrated supply chain. This investment will fund the installation of four state-of-the-art manufacturing lines "Lines of the Future" at the company's Americas production facility in Salinas, Mexico, which opened late last year. This investment in these Lines of the Future will be completed by mid-2016 and will replace nine older, inefficient manufacturing lines at its Chicago biscuit plant. This announcement builds on the company's earlier manufacturing investments of more than $170M in manufacturing lines at its U.S. biscuit plants in Fair Lawn, N.J., Naperville, Ill. and Richmond, Va., as well as additional investments in recent years in technologies and capabilities within its North American supply chain.
11:08 EDTMDLZMondelez August volatility elevated into Q2 and outlook
Subscribe for More Information
06:35 EDTPOSTTreeHouse, Post join bidding war for ConAgra's Ralcorp, Reuters reports
Subscribe for More Information
July 24, 2015
11:00 EDTKKellogg increases quarterly dividend 2%
Subscribe for More Information
July 23, 2015
06:56 EDTPOSTBarber Foods possible $2B sale delayed due to chicken recall, NY Post says
Subscribe for More Information
05:23 EDTMDLZStocks with implied volatility movement; MDLZ CLF
Subscribe for More Information
July 21, 2015
10:01 EDTGISOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: ASML (ASML) upgraded to Accumulate from Neutral at SNS Securities... Anacor (ANAC) upgraded to Buy from Neutral at Goldman... Artisan Partners (APAM) upgraded to Outperform from Neutral at Credit Suisse... Canadian National (CNI) upgraded to Buy from Hold at Canaccord... General Mills (GIS) upgraded to Outperform from Sector Perform at RBC Capital... Halliburton (HAL) upgraded to Accumulate from Neutral at Global Hunter... Harte-Hanks (HHS) upgraded to Outperform from Market Perform at BMO Capital... MDC Partners (MDCA) upgraded to Overweight from Neutral at Piper Jaffray... SABMiller (SBMRY) upgraded to Buy from Neutral at Nomura... Sanmina (SANM) upgraded to Neutral from Underperform at Longbow... Santander Mexico (BSMX) upgraded to Neutral from Sell at Goldman... Sherwin-Williams (SHW) upgraded to Buy from Neutral at Northcoast... Southwestern Energy (SWN) upgraded to Buy from Neutral at Global Hunter... Verisk Analytics (VRSK) assumed with an Outperform at Keefe Bruyette.
06:46 EDTGISGeneral Mills upgraded to Outperform from Sector Perform at RBC Capital
Subscribe for More Information
06:45 EDTGISBonduelle in talks for bid to buy Green Giant, Reuters reports
Bonduelle is in talks to team with Centerview Partners in a bid to purchase General Mills' Green Giant frozen and canned vegetables unit, Reuters reports, citing people familiar with the matter. Reference Link
July 20, 2015
13:18 EDTGISOptions with increasing call volume
Subscribe for More Information
12:32 EDTGISGeneral Mills calls active on unconfirmed takeover speculation
Subscribe for More Information
11:36 EDTGISRumor: General Mills goes positive on unconfirmed takeover speculation
1 | 2 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the disclaimer & terms of use