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Stock Market & Financial Investment News

News Breaks
June 25, 2014
11:36 EDTMDLZ, K, PF, GIS, POSTGeneral 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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August 27, 2015
16:23 EDTGISB&G Foods in advanced talks for General Mills' Green Giant unit, Reuters says
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15:59 EDTGISB&G in late stage talks to buy General Mills' Green Giant business, Reuters says
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August 26, 2015
13:14 EDTGISGeneral Mills recalls 'limited' quantity of frozen Cascadian Farm green beans
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August 25, 2015
16:06 EDTMDLZOptions Update; August 25, 2015
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12:08 EDTMDLZOptions with increasing volume: EXC POM MDLZ EWJ WBA MW F KMI
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08:47 EDTKKellogg names Carolyn Tastad to board of directors
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08:46 EDTKKellogg elects Noel Wallace to board
Kellogg (K) announced the election of Noel R. Wallace, president of Colgate-Palmolive (CL) Latin America, to its board of directors effective October 1, 2015.
August 24, 2015
09:45 EDTPOSTOn The Fly: Analyst Initiation Summary
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08:59 EDTPOSTPost Holdings coverage reinstated with an Outperform at BMO Capital
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August 23, 2015
19:56 EDTPOSTTreeHouse in talks to buy ConAgra private label unit for $3B, NY Post says
TreeHouse Foods (THS) chairman and CEO Sam Reed privately told certain investors last week that the company is in talks to buy ConAgra's (CAG) Ralcorp private label food unit for roughly $3B, reports the New York Post, citing a source with inside knowledge. Post Holdings (POST) is also eyeing Ralcorp, sources told the publication. Reference Link
19:49 EDTMDLZMondelez CEO open to sale, 'ready to move on,' NY Post says
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