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Stock Market & Financial Investment News

News Breaks
April 9, 2014
13:35 EDTHSY, NSRGY, MDLZHershey melts after Goldman downgrade
Shares of chocolate maker Hershey (HSY) are falling after Goldman Sachs lowered its rating on the stock to a Sell. WHAT'S NEW: After the market closed last night, Goldman Sachs downgraded Hershey to Sell from Neutral, saying the stock is "priced for perfection" and that the company's cycle of strong earnings growth will end. Goldman lowered its price target for the stock to $90 from $105. Goldman Sachs analysts Jason English, Sean King and Manpreet Sethl were cautious on Hershey, saying that they expect the company's domestic momentum to fade. Goldman lowered its earnings per share estimates for Hershey's fiscal years 2014 through 2016 by 3%-6% to reflect lower sales and margin projections. While they said that they still perceive Hershey as a "best-in-breed company" whose international momentum will continue, the analysts believe expectations for the company are on the verge of turning more negative. OTHERS TO WATCH: Other companies in the chocolate industry include Nestle (NSRGY) and Mondelez (MDLZ), which owns Cadbury. PRICE ACTION: During afternoon trading, shares of Hershey fell $2.57 or $2.53%, to $99.15.
News For HSY;NSRGY;MDLZ From The Last 14 Days
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July 27, 2014
15:12 EDTNSRGY Hospira in talks to acquire Danone medical nutrition business, FT says
French consumer company Danone (DANOY) has been in negotiations to sell its medical nutrition business to Hospira (HSP) in a deal said to value the unit at $5B, says the Financial Times. The deal would also allow for U.S. based Hospira to domicile its tax base in Europe in a tax strategy known as an inversion, added the Financial Times. In prior reports, Nestle (NSRGY) and Fresenius (FMS) have also been mentioned as suitors for the Danone unit. Reference Link
July 24, 2014
07:12 EDTHSYHershey reaffirms 2014 EPS outlook $4.05-$4.13, consensus $4.08
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07:12 EDTHSYHershey raises quarterly dividend to 53.5c from 48.5c
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07:09 EDTHSYHershey still sees 2014 EPS around low end of long-term target
Hershey said, "Given the timing of new product launches in both North America and international markets, advertising and related consumer marketing expense is expected to increase low-single digits on a percentage basis versus last year. SM&A expenses, excluding advertising and related consumer marketing, are estimated to increase at a rate less than net sales growth as the company leverages the investments in go-to-market capabilities established over the last few years. Therefore, the company anticipates 2014 adjusted earnings per share-diluted growth to be around the low end of its long-term target of 9 to 11 percent."
07:06 EDTHSYHershey sees 2014 sales growth at low end of 5%-7% long-term target
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07:05 EDTHSYHershey reports Q2 adjusted EPS 76c, consensus 76c
Reports Q2 revenue $1.58B, consensus $1.58B.
July 23, 2014
15:30 EDTHSYNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Ford (F), consensus 36c; General Motors (GM), consensus 58c; Potash (POT), consensus 46c; Caterpillar (CAT), consensus $1.52; 3M (MMM), consensus $1.91; Union Pacific (UNP), consensus $1.43; Bristol-Myers Squibb (BMY), consensus 44c; Eli Lilly (LLY), consensus 65c; Celgene (CELG), consensus 89c; Precision Castparts (PCP), consensus $3.35; Raytheon (RTN), consensus $1.59; Noble Energy (NBL), consensus 79c; Hershey (HSY), consensus 76c; Southwest Airlines (LUV), consensus 61c; Boston Scientific (BSX), consensus 19c; JetBlue (JBLU), consensus 19c.
July 20, 2014
16:08 EDTMDLZMondelez, D.E Master consider brand sales as coffee pact looms, Reuters says
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July 18, 2014
06:41 EDTNSRGYNestle U.S. chocolate goals curbed by Lindt acquisition, Bloomberg says
Nestle, who usually aims to be first or second in all of its divisions, isn’t even close in the U.S. chocolate candy industry, where the Swiss firm is shut-out by Mars and Hershey (HSY), reported Bloomberg. When Lindt & Spruengli finalizes its acquisition of Russell Stover Candies, Nestle will fall even deeper behind, by ranking fourth in the U.S. Reference Link
July 16, 2014
10:00 EDTHSYOn The Fly: Analyst Downgrade Summary
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06:56 EDTHSYHershey downgraded to Neutral from Outperform at Credit Suisse
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July 15, 2014
16:06 EDTHSYHershey sees 2014 sales, EPS growth at lower end of long-term range
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16:04 EDTHSYHershey does not expect price increase to impact 2014 results
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16:03 EDTHSYHershey raises wholesale prices across majority of portfolio
Hershey announced an increase in wholesale prices across the majority of its U.S., Puerto Rico and export portfolio. A weighted average price increase of approximately 8% across the company's instant consumable, multi-pack, packaged candy and grocery lines is effective today. "These changes will help offset part of the significant increases in Hershey’s input costs, including raw materials, packaging, fuel, utilities and transportation, which the company expects to incur in the future," Hershey said. “Over the last year key input costs have been volatile and remain at levels that are above historical averages,” said Michele G. Buck, President, North America, The Hershey Company. “Commodity spot prices for ingredients such as cocoa, dairy and nuts have increased meaningfully since the beginning of the year. Given these trends, we expect significant commodity cost increases in 2015. We are a gross margin focused company and remain committed to our consumer-centric business model of bringing insights to retailers that will enable us to grow our business and the category. During the transition period we will support our brands with higher levels of investment, including merchandising, programming, advertising and innovation, that will benefit Hershey and the category."
16:02 EDTHSYHershey sees Q2 adjusted EPS 75c-77c, consensus 76c
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