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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
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December 18, 2014
08:49 EDTGISGeneral Mills margins should rise over time, says BMO Capital
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06:44 EDTKKellogg raises bid for Egyptian snack maker, topping rival, Reuters says
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December 17, 2014
09:06 EDTGISGeneral Mills says 70% covered for input cost inflation
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08:33 EDTGISGeneral Mills sees input cost inflation of 3% for FY15
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07:15 EDTGISGeneral Mills backs FY15 adjusted EPS growth at low-single-digit rate
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07:13 EDTGISGeneral Mills reports Q2 adjusted EPS 80c, consensus 77c
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December 16, 2014
15:42 EDTGISNotable companies reporting before tomorrow's open
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December 12, 2014
09:51 EDTGISGeneral Mills December volatility increases into Q2 and outlook
General Mills December call option implied volatility is at 25, January is at 17, April is at 15; compared to its 26-week average of 16 according to Track Data, suggesting larger near term price movement into the expected release of Q2 on December 18.
07:23 EDTKCredit Suisse to hold a conference
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December 11, 2014
07:51 EDTKCredit Suisse to hold a conference
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