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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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April 12, 2015
15:07 EDTPOSTADT, Post, three other spinoffs could go higher, Barron's says
Citizens Financial (CFG), KLX (KLXI), ADT (ADT), Post Holdings (POST), and Rouse Properties (RSE) are spinoffs that look attractive, Barron's contends in a feature article. Reference Link
April 7, 2015
15:15 EDTGISGeneral Mills volatility elevated as shares near record high
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April 6, 2015
13:52 EDTMDLZIndia imposes $88M tax fine on Cadbury, Reuters says
Indian tax authorities have imposed an $88M fine on Mondelez' Cadbury unit, reports Reuters, citing government officials. The government claims Cadbury misused a "tax holiday" strategy for a factory in Himachal Pradesh. Mondelez India said its tax exemptions for the period are legal, noting that "the issue is one of interpretation." Reference Link

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