Acquisitions, Financial Results, and Technical Updates - Analyst Notes on Smucker's, Pilgrim's, White Wave Foods, Post and Bunge Editor Note: For more information about this release, please scroll to bottom.
NEW YORK, June 12, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding The J.M. Smucker Company (NYSE: SJM), Pilgrim's Pride Corporation (NASDAQ: PPC), WhiteWave Foods Co (NYSE: WWAV), Post Holdings Inc (NYSE: POST) and Bunge Ltd (NYSE: BG). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/3647-100free.
The J.M. Smucker Company Analyst Notes
On June 5, 2014, The J.M. Smucker Company (Smucker's) released its Q4 FY 2014 and full-year FY 2014 (period ended April 30, 2014) financial results. For the quarter, net sales were down 7.9% YoY to $1.2 billion. Net income stood at $118.5 million or $1.16 per diluted share compared with $130.3 million or $1.22 per diluted share in Q4 FY 2013. For FY 2014, net sales declined by 4.9% YoY to $5.6 billion. Net income was at $565.2 million or $5.42 per diluted share versus $544.2 million or $5.00 per diluted share for FY 2013. "Our 2014 record earnings per share achievement once again demonstrates that the principles that have guided our Company for 117 years continue to deliver results regardless of the headwinds encountered," said Richard Smucker, CEO. For FY 2015, the Company expects net sales to increase by approximately 5% YoY. The full analyst notes on Smucker's are available to download free of charge at:
Pilgrim's Pride Corporation Analyst Notes
On June 9, 2014, Pilgrim's Pride Corporation (Pilgrim's) announced the withdrawal of its proposal for acquiring The Hillshire Brands Company (Hillshire). Bill Lovette, Pilgrim's CEO remarked, "As a disciplined acquirer, we determined that it was in the best interests of our shareholders not to increase our proposed price of $55.00 per share in cash. Pilgrim's will maintain its strong focus on operational excellence and shareholder value, while pursuing acquisition opportunities that advance our stated strategy. We appreciate the support of our shareholders, customers and team members throughout this process." The Company stated that its decision to withdraw follows the Tyson Foods, Inc.'s announcement on June 9, 2014 regarding Hillshire. The full analyst notes on Pilgrim's are available to download free of charge at:
WhiteWave Foods Co Analyst Notes
On June 9, 2014, WhiteWave Foods Co's (White Wave Foods) stock gained 0.49% to close trading at $32.56. Over the past three trading days, White Wave Foods' stock increased by 1.72% while the S&P 500 also increased by 1.21% during that same period. The full analyst notes on White Wave Foods are available to download free of charge at:
Post Holdings Inc Analyst Notes
On June 2, 2014, Post Holdings Inc (Post) completed its acquisition of Michael Foods - a leading producer of value-added food products and service solutions. The Company further reported that it has closed its previously announced senior notes offering and senior secured term loan facility at the same time with the closing of the Michael Foods acquisition. The full analyst notes on Post are available to download free of charge at:
Bunge Ltd Analyst Notes
On June 9, 2014, Bunge Ltd's (Bunge) stock closed at $76.33, reflecting a 0.35% drop. Over the past five days of trading, Bunge's stock declined 0.88% while the Dow Jones Industrial Average gained 1.19% during that same period. The full analyst notes on Bunge are available to download free of charge at:
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