New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
March 18, 2013
04:55 EDTWPP, WPP, WPP, SCA, SCA, SCA, CCE, CCE, CCE, DEO, DEO, DEO, DANOY, DANOY, DANOY, INGR, INGR, INGR, IFF, IFF, IFF, KO, KO, KO, MJN, MJN, MJN, HSY, HSY, HSY, UL, UL, ULConsumer Analyst Group of Europe to host a conference
2013 Annual Conference is being held in London, England on March 18-20.
News For WPP;HSY;MJN;KO;IFF;INGR;DANOY;DEO;CCE;SCA;UL From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 >>
February 5, 2016
07:37 EDTCCECoca-Cola Enterprises upgraded to Neutral from Negative at Susquehanna
Subscribe for More Information
06:23 EDTKO20 companies make alliance to keep down healthcare costs, WSJ says
Subscribe for More Information
February 4, 2016
10:37 EDTINGRIngredion to acquire Shandong Huanong Specialty Corn Development
Subscribe for More Information
February 1, 2016
11:18 EDTKOWells Fargo, Citron take sides in Monster Beverage debate
Monster Beverage (MNST) is rising slightly in the down market after Wells Fargo upgraded the stock, saying that the shares have reached a compelling entry point while Monster's convenience store sales appear to have accelerated. UPGRADE: The recent weakness in Monster's stock has created a "compelling entry point," according to Wells Fargo analyst Bonnie Herzog, who upgraded the stock to Outperform from Market Perform. Moreover, Wells Fargo's survey of beverage retailers suggests that the company's sales at convenience stores rose 10% last quarter, up from 7% in Q3. Additionally, the survey found that the quality of Monster's distribution operation had greatly improved in recent months. As a result, Herzog wrote that the issues caused by the company's transition to using Coca-Cola's (KO) distribution system had been "largely resolved." Monster's earnings growth should accelerate over the next five years as it penetrates new overseas markets, including China, the analyst contended. There are "numerous scenarios" that would enable the beverage maker to beat earnings expectations going forward, Herzog believes. In addition to international expansion, the company could benefit from accelerated share buybacks, a reduced tax rate and "major innovations" in beverages outside of its core energy business, according to Herzog. She raised her price target on the shares to $159-$161 from $139-$141. SHORT REPORT: On January 29, short-selling research firm Citron wrote that Monster's "valuation..is completely removed from reality." Over the past five years, Monster's stock has surged 500%, even though its revenue has only increased 90%, the firm stated. Meanwhile, Coca-Cola's 2014 purchase of a stake in Monster will prevent the latter company from being acquired, as Coke is not interested in buying Monster, Citron contended. In China, Monster will have to cope with high start-up costs, tough competition and lower margins, Citron warned. Furthermore, the company's new products cannibalize its existing drinks, Citron believes. Also on January 29, the small Eastern European country of Latvia decided to ban sales of energy drinks to minors. PRICE ACTION: In late morning trading, Monster climbed 2% to $137.73. The stock dipped about 1.6% on Friday.
January 31, 2016
20:43 EDTKOOn The Fly: Top five weekend stock stories
Catch up on the weekend's top five stories with this list compiled by The Fly: 1. Coca-Cola (KO) announced a minority stake in diary and juice company Chi, with plans to take full ownership within three years. 2. Billionaire investor Nelson Peltz is considering taking an activist position in Time Warner (TWX), the New York Post reported. 3. Toyota (TM) could temporarily halt domestic production after an explosion at a key supplier curbed its supply of steel, Reuters said. 4. Investigations into Herbalife (HLF), as well as investigations into Bill Ackman himself, have fizzled and criminal charges look unlikely, the Wall Street Journal revealed. 5. Virtu Financial (VIRT) and Ctrip (CTRP) were discussed positively by Barron's this week, as well as "tech bargains" Autodesk (ADSK), Akamai (AKAM), Western Digital (WDC), SanDisk (SNDK) and Lam Research (LRCX) and attractive banking stocks Citi (C), JPMorgan (JPM), Bank of America (BAC) and Wells Fargo (WFC).
15:06 EDTKOCoca-Cola makes strategic investment in Chi, plans full ownership within 3 years
Subscribe for More Information
January 28, 2016
09:35 EDTINGRIngredion upgraded to Overweight from Equal Weight at Stephens
09:28 EDTHSYHershey CEO says open to growing through M&A
Hershey CEO John P. Bilbrey, speaking on the company's Q4 earnings call, said the company's balance sheet and cash flows remain strong, adding "we'll continue to be disciplined and open to sources of growth via M&A."
07:35 EDTMJNMead Johnson sees FY16 EPS ex-items $3.48-$3.60, consensus $3.52
Subscribe for More Information
07:34 EDTMJNMead Johnson reports Q4 EPS ex-items 78c, consensus 73c
Reports Q4 revenue $967M, consensus $965.78M. Sales in all segments were adversely impacted by a strengthening dollar, most notably in China, Mexico and Canada. Further, sales in the current quarter were below the prior year quarter mostly due to price-based promotions in Greater China and market share weakness in Malaysia and Thailand. Sales in the Philippines increased compared to the prior year quarter.
07:05 EDTHSYHershey sees long term constant currency net sales growth 3%-5%
Subscribe for More Information
07:04 EDTHSYHershey sees FY16 EPS $4.18-$4.23, consensus $4.38
Subscribe for More Information
07:02 EDTHSYHershey reports Q4 adjusted EPS $1.08, consensus $1.05
Subscribe for More Information
07:00 EDTHSYHershey announces $500M share repurchase authorization
Hershey announced that its board has approved an additional $500M stock repurchase authorization to repurchase shares of its Common Stock. Purchases under the new authorization will commence after the current program is completed. Hershey is authorized to purchase its outstanding shares in open market and privately negotiated transactions. The program has no expiration date and acquired shares of the Common Stock will be held as treasury shares. Similar to prior programs, approved share repurchase authorizations are in addition to Hershey's practice of buying back shares sufficient to offset those issued under incentive compensation plans.
06:43 EDTINGRIngredion sees FY16 adjusted EPS $6.20-$6.60, consensus $6.38
Subscribe for More Information
06:43 EDTINGRIngredion reports Q4 EPS $1.42, consensus $1.38
Reports Q4 revenue $1.37B, consensus $1.37B.
January 25, 2016
16:08 EDTWPPGabelli liquidates stake in Wausau Paper
Subscribe for More Information
10:00 EDTIFFOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: American Eagle (AEO) downgraded to Hold from Buy at BB&T... American Express (AXP) downgraded on weak revenue outlook at Argus... Bristol-Myers (BMY) downgraded to Market Perform from Outperform at BMO Capital... Caterpillar (CAT) downgraded to Sell from Neutral at Goldman... Crestwood Equity (CEQP) downgraded to Neutral on potential distribution cut at Baird... Cummins (CMI) downgraded to Neutral from Buy at Citi... Federal Realty (FRT) downgraded to Hold from Buy at Evercore ISI... GKN PLC (GKNLY) downgraded to Neutral from Outperform at Credit Suisse... Galapagos NV (GLPG) downgraded to Neutral from Buy at GoldmanvHortonworks (HDP) downgraded to Perform from Outperform at Oppenheimer... International Flavors (IFF) downgraded on headwinds at Stifel... International Paper (IP) downgraded to Neutral from Buy at Citi... JPMorgan (JPM) downgraded to Neutral from Buy at Nomura... KapStone (KS) downgraded to Underperform from Neutral at Macquarie... Mosaic (MOS) downgraded to Neutral from Overweight at JPMorgan... NetSuite (N) downgraded to Equal Weight from Overweight at Stephens... ONEOK Partners (OKS) downgraded to Neutral at Baird... OvaScience (OVAS) downgraded to Perform from Outperform at Oppenheimer... Packaging Corp. (PKG) downgraded to Neutral from Buy at Citi... Potash (POT) downgraded to Neutral from Overweight at JPMorgan... Power Solutions (PSIX) downgraded to Neutral from Overweight at Piper Jaffray... Raymond James (RJF) downgraded to Neutral from Buy at Nomura... Regeneron (REGN) downgraded to Sell from Neutral at Chardan... SanDisk (SNDK) downgraded to Underperform from Outperform at CLSA... Toll Brothers (TOL) downgraded to Market Perform from Outperform at JMP Securities... Twitter (TWTR) downgraded to Hold from Buy at Stifel... WPX Energy (WPX) downgraded to Sector Perform from Outperform at Iberia... WestRock (WRK) downgraded to Neutral from Buy at BofA/Merrill... Whole Foods (WFM) downgraded to Underperform from Market Perform at BMO Capital... Zurich Insurance (ZURVY) downgraded to Neutral from Outperform at Exane BNP Paribas.
09:33 EDTHSYHershey downgraded to Mixed from Positive at OTR Global
Subscribe for More Information
07:05 EDTIFFInternational Flavors downgraded on headwinds at Stifel
As noted earlier, Stifel downgraded International Flavors to Hold from Buy. The firm says that near-term headwinds for the company, including worsening foreign exchange rates and slowing global consumer packaged goods volumes, have increased. It thinks the company will miss consensus estimates, and predicts that the stock will remain range-bound.
1 | 2 >>

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the theflyonthewall.com disclaimer & terms of use