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News Breaks
December 29, 2010
07:10 EDTDPS, SBUX, KO, GIS, PEPPepsiCo's new Tropolis pureed fruit drink targeted to snack market, WSJ reports
In a move to produce more nutritious convenience foods, PepsiCo (PEP) is betting that consumers will pay more for a pureed fruit product called Tropolis that it's testing and will market as a snack and not a drink, reports the Wall Street Journal. Reference Link
News For PEP;KO;DPS;GIS;SBUX From The Last 14 Days
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October 6, 2015
08:19 EDTPEPPepsiCo says continues to see FY15 free cash flow of over $7B
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08:16 EDTPEP PepsiCo raises FY15 core EPS view to $4.54 from $4.49
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06:40 EDTPEPPepsico to no longer include results of Venezuelan units in financial statements
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06:37 EDTPEPPepsiCo says on track to deliver $1B productivity savings
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06:35 EDTPEPPepsiCo up 2.3% after reporting Q3 results
06:34 EDTPEPPepsiCo raises FY15 Core EPS view to up 9% from up 8%
Sees mid-single-digit organic revenue growth in FY15. Based on the current foreign exchange market consensus, the company now expects foreign exchange translation to have an unfavorable impact of approximately 10 percentage points on full year net revenue growth and approximately 11 percentage points on full year core EPS performance in 2015, reflecting current expectations for strength of the U.S. dollar. In addition, the company expects: Low- to mid-single-digit commodity inflation, which includes the estimated impact of transaction-related foreign exchange; Productivity savings of approximately $1B; Higher net interest expense driven by higher interest rates and net debt balances; A core effective tax rate of approximately 25%; Over $10B in cash flow from operating activities and more than $7B in free cash flow; Net capital spending to be approximately $3B, within the company's long-term capital spending target of less than or equal to 5% of net revenue; and To return a total of approximately $9B to shareholders through dividends of approximately $4B and share repurchases of approximately $5B.
06:31 EDTPEPPepsiCo reports Q3 Core EPS $1.35, consensus $1.26
Reports Q3 revenue $16.33B, consensus $16.15B.
October 5, 2015
15:32 EDTGISGeneral Mills issues voluntary recall of Cheerios, Honey Nut Cheerios
General Mills is voluntarily recalling several days of production of Cheerios and Honey Nut Cheerios cereal produced at its Lodi, California facility on certain dates in July of this year because of an undeclared allergen - wheat - with potential adverse health effects. Because this recall relates to an undeclared allergen, this is a Class I product recall. Cheerios and Honey Nut Cheerios produced on these dates at the company's Lodi, California facility are being recalled because an isolated incident resulted in wheat flour being inadvertently introduced into the gluten free oat flour system at its Lodi facility. As a result, the products may contain an undeclared allergen - wheat - in products labeled as gluten-free. General Mills will recall and retrieve affected cereals produced on those dates from customer warehouses and store shelves. Consumers with wheat allergies, celiac disease or gluten intolerance should not consume products bearing the affected code dates and should contact General Mills for a replacement or full refund. This voluntary recall includes four days production of original (yellow box) Cheerios, and thirteen days of production of Honey Nut Cheerios at its Lodi, California facility with the following "BETTER IF USED BY" code dates and the plant code LD which indicates the product was produced at Lodi, California.
15:15 EDTPEPPepsiCo October weekly 95.5 straddle priced for 2% movement into Q3
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15:02 EDTPEPNotable companies reporting before tomorrow's open
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14:19 EDTPEPPepsiCo technical notes ahead of earnings
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10:00 EDTDPSOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: ADT Corp. (ADT) upgraded to Equal Weight from Underweight at Barclays... Allegheny Technologies (ATI) upgraded to Buy from Hold at Deutsche Bank... Amicus (FOLD) upgraded to Buy from Neutral at Chardan... ArcelorMittal (MT) upgraded to Buy from Sell at Citi... AutoZone (AZO) upgraded at Oppenheimer... BE Aerospace (BEAV) upgraded to Buy from Hold at Gabelli... Boston Scientific (BSX) upgraded to Strong Buy from Outperform at Raymond James... C1 Financial (BNK) upgraded to Buy from Hold at Sandler O'Neill... CONSOL (CNX) upgraded to Hold from Sell at Deutsche Bank... Discover (DFS) upgraded to Outperform from Market Perform at Bernstein... Dr Pepper Snapple (DPS) upgraded to Buy from Hold at Evercore ISI... International Game (IGT) upgraded on valuation at Sterne Agee CRT... Juniper (JNPR) upgraded to Buy from Hold at Stifel... Keryx (KERX) upgraded to Equal Weight from Underweight at Morgan Stanley... Knowles (KN) upgraded to Overweight from Equal Weight at Stephens... LaSalle Hotel (LHO) upgraded to Buy from Hold at Evercore ISI... Lazard (LAZ) upgraded to Positive from Neutral at Susquehanna... Nucor (NUE) upgraded to Buy from Hold at Deutsche Bank... OUTFRONT Media (OUT) upgraded to Buy from Neutral at Goldman... Park Sterling Bank (PSTB) upgraded to Buy from Hold at Sandler O'Neill... Phoenix Companies (PNX) upgraded to Neutral from Underweight at JPMorgan... SBA Communications (SBAC) upgraded to Outperform from Neutral at Macquarie... Snap-On (SNA) upgraded to Buy from Neutral at Longbow... Swift Transport (SWFT) upgraded to Buy from Hold at Evercore ISI... Team (TISI) upgraded to Buy from Hold at Johnson Rice... Teck Resources (TCK) upgraded to Outperformer from Sector Performer at CIBC... Toll Brothers (TOL) upgraded to Positive from Neutral at Susquehanna... Twitter (TWTR) upgraded to Buy from Neutral at Axiom... UniCredit (UNCFF) upgraded to Sector Perform from Underperform at RBC Capital... Wynn Resorts (WYNN) upgraded to Market Perform from Underperform at Telsey Advisory... bluebird bio (BLUE) upgraded to Overweight from Equal Weight at Morgan Stanley.
06:55 EDTDPSDr Pepper Snapple upgraded to Buy from Hold at Evercore ISI
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06:53 EDTPEPPepsiCo volatility elevated into Q3 and outlook
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October 2, 2015
18:07 EDTKOCoca-Cola, other blue chips, call for Blatter to step down, WSJ says
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15:17 EDTGISGeneral Mills voluntarily recalls Cascadian Farm Cut Green Beans
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October 1, 2015
11:53 EDTSBUXDunkin' Brands sinks after announcing plans to close 100 U.S. stores
Shares of Dunkin' Brands (DNKN), a franchisor of quick service restaurants specializing in coffee and baked goods, are falling after the company projected third quarter U.S. same-store sales that fell below the prior year period. Additionally, Dunkin' said it would close 100 stores in the U.S. in 2015 and 2016. WHAT'S NEW: This morning during its Investor & Analyst Day presentation, Dunkin' Brands repeated its adjusted earnings per share guidance for fiscal year 2015 of $1.87-$1.91, below analysts' consensus of $1.92. Revenue for the fiscal year is seen increasing 6%-8%, compared to the consensus of $808.07M. The company also repeated its FY15 Dunkin' Donuts U.S. SSS guidance of up 1%-3% and Baskin-Robbins U.S. SSS up 1%-3%. Looking further ahead, Dunkin' Brands said it is targeting up to 15% adjusted EPS growth over the next 5 years along with mid to high single digit revenue growth and 10%+ adjusted operating income growth. It's also targeting U.S. comps growth of 2%-4% over the next five years along with total net unit development of 4%-6%. WHAT'S NOTABLE: Dunkin' estimated that same-store sales will grow 1.1% in Q3 at its U.S. Dunkin' Donuts stores compared with a 2% increase in the year-ago period. Additionally, the company said it expects to close 100 Dunkin' Donuts U.S. stores in 2015 and 2016. Dunkin' noted that its gross openings forecast remains unchanged. PRICE ACTION: In late morning trading, Dunkin' Brands fell $5.34, or about 10.8%, to $43.71 on more than four times its average daily trading volume. Including today's pull back, the shares have lost approximately 1% over the past 12 months. OTHERS TO WATCH: Dunkin' Brands peers include Starbucks (SBUX) and Panera Bread (PNRA), which are down 0.1% and 1.05%, respectively.
September 30, 2015
17:30 EDTSBUXStarbucks is launching Mobile Order & Pay in the UK
Starbucks is launching Mobile Order & Pay in the UK, allowing customers to pre-order their favourite drinks and food in over 150 London stores and save time in the queue. The company said, "Rolling out from 1st of October, the new feature, available exclusively within the Starbucks App, offers customers greater convenience: the ability to customise their drink and food orders as well as time savings of up to 10-15 minutes. Using the App allows customers to order ahead from the Starbucks menu. Following confirmation, orders are immediately sent to the chosen local Starbucks store where baristas begin preparing the order and an approximate collection time is sent to the customer to pick up their order directly from their barista - skipping the queue. Users of the app are also rewarded with exclusive opportunities to earn Stars with the My Starbucks Rewards loyalty programme. The App has received a very positive response from customers in the United States where it has been available since December 2014. According to customer feedback, the App typically saves commuters and working people 10-15 minutes in their day; parents with young children find it easier to order ahead than stand in line, while speech and hearing-impaired customers have hailed the App as a 'game changer' in helping them to get their correct order, fast."
14:50 EDTPEPPepsiCo volatility elevated into Q3 and outlook
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September 29, 2015
19:06 EDTKOCoca Cola will not renew health group sponsorships, AP says
Coca-Cola will not renew its sponsorship of a professional group for dietitians, according to the Associated Press, and will not renew its contracts with the American Academy of Family Physicians, the American Academy of Pediatrics and the American College of Cardiology when they end later this year. The company said the move was driven by "budget realities" and not criticism over these partnerships. Reference Link
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