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Stock Market & Financial Investment News

News Breaks
June 20, 2014
12:18 EDTSJM, KRFT, DNKN, SBUXStarbucks ups cost of packaged coffee, other products WSJ says
Starbucks is will increase prices for certain packaged coffee and other products in response to a spike in raw coffee expenses earlier this year that is now making its way to consumer wallets, according to The Wall Street Journal, citing comments from a company spokeswoman. J.M. Smucker (SJM) was the first large U.S, roaster to raise coffee prices when it announced a 9% price increase on its Folgers and Dunkin' Donuts (DNKN) packaged coffee. Kraft Foods (KRFT) followed their example a few days later with a 10% price increase on its Maxwell House and Yuban brands. Reference Link
News For SBUX;SJM;DNKN;KRFT From The Last 14 Days
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March 2, 2015
08:53 EDTDNKNDunkin' Brands Q1 comps trending below expectations, says Longbow
Longbow's checks indicate Dunkin' Brands' Q1 comps have decelerated to 1.5-2.0%, significantly below consensus of 2.5%. The analyst said there is growing tension between contacted franchisees and corporate Dunkin' Brands regarding funding of additional in-store equipment and new products. Longbow views this as a key concern short-term and long-term and reiterates is Underperform rating and $33 price target.
February 27, 2015
07:53 EDTKRFTKraft, Mondelez, others give statements at CAGNY conference, The Deal says
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07:25 EDTDNKNDunkin' Brands K-cup deal to have only modest EPS impact, says RBC Capital
RBC Capital believes that Dunkin' Donuts' deal to sell K-cups in mass channels will increase its EPS by less than 1c in 2015 and by 4c-5c in 2016. The firm expects the company's biggest benefit from the deal to be an increase in its credibility as "a coffee authority," and it thinks the agreement will improve the company's performance in the U.S. markets which it is entering. RBC keeps a $50 price target and Outperform rating on the stock.
February 26, 2015
07:24 EDTSJM, DNKNDunkin' Brands to host business news update conference call
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07:10 EDTSBUXStarbucks price target raised to $108 from $97 at Jefferies
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06:53 EDTSBUXKFC to test edible coffee cup in U.K., NY Times says
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06:07 EDTSJM, DNKNDunkin' Brands, J.M. Smucker, Keurig expand partnership
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February 25, 2015
07:18 EDTSBUXPiper bumps Starbucks price target up to $107
Piper Jaffray raised its price target for shares of Starbucks to $107 from $102 saying it has increased conviction in the achievability of its estimates over the next five years after traveling with management. Piper remains confident in its prediction that Starbucks will double earnings and reach a $100B-plus market capitalization in less than five years. It reiterates an Overweight rating on the stock.
February 24, 2015
06:04 EDTSBUXStarbucks to stop selling CDs as it moves to other formats, Mashable says
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February 23, 2015
12:40 EDTSBUXStarbucks pushing China employees to open new stores, WantChinaTimes says
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February 20, 2015
07:10 EDTSBUXBrean Capital to hold a bus tour
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February 19, 2015
11:23 EDTSBUXStarbucks management to meet with Jefferies
Meeting to be held in San Francisco on February 25 hosted by Jefferies.
February 18, 2015
12:17 EDTSBUXStarbucks management to meet with Piper Jaffray
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09:19 EDTDNKNDunkin' Brands to open 46 new restaurants in Indiana
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February 17, 2015
15:54 EDTSJMJ.M. Smucker targets long-term EPS growth of 8% plus
Targets long term organic growth 3%-4%.
15:51 EDTSJMJ.M. Smucker share repurchase activity on hold in near time
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13:14 EDTSBUXStarbucks announces launch of coffee delivery service
Starbucks announced the launch of its fresh delivery subscription service. It stated, "Available in monthly increments, Starbucks Reserve Roastery Subscriptions will allow customers access to unique, small-lot coffees only available at the Roastery or through the subscription. Designed to provide the highest quality coffee immediately after roasting, these fresh delivery subscriptions ensure customers receive their coffee within three to five days of being roasted, depending on location in the U.S." A one month subscription costs $24 while an annual subscription costs $288.
08:08 EDTKRFTKraft Foods names James Kehoe CFO
Kraft Foods announced that it has named James Kehoe Executive Vice President and Chief Financial Officer. He rejoins the company from Gildan Activewear, a supplier of branded basic family apparel in Canada, where he most recently served as Executive Vice President and Chief Financial and Administrative Officer.
08:00 EDTKRFTGildan Activewear announces resignation of new CFO
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07:15 EDTKRFT, SJMConsumer Analyst Group of New York (CAGNY) to hold a conference
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