Consumer Goods Companies Announce Share Repurchases, Dividends, Community Projects, and Earnings Results - Research Report on Mondelez, Altria Group, Tyson Foods, ADM, and Molson Coors Editor Note: For more information about this release, please scroll to bottom.
NEW YORK, August 19, 2013 /PRNewswire/ --
Today, Analysts Corner announced new research reports highlighting Mondelez International, Inc. (NASDAQ: MDLZ), Altria Group Inc. (NYSE: MO), Tyson Foods, Inc. (NYSE: TSN), Archer Daniels Midland Company (NYSE: ADM), and Molson Coors Brewing Company (NYSE: TAP). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Mondelez International, Inc. Research Report
On August 7, 2013, Mondelez International, Inc. (Mondelez) announced that its Board of Directors has updated its share repurchasing program. According to Mondelez, the share repurchase program for Class A common stock through 2016 has been increased up to $6 billion, compared with previous approved figures of $1.2 billion. The Company added that it expects to purchase its stock worth between $1 billion and $2 billion every year. Mondelez also informed that the Board has approved an increase in the quarterly dividend by $0.01 over 2008 dividends to $0.14 per common share, payable on October 15, 2013 to shareholders of record as of September 30, 2013. Irene Rosenfeld, Chairman and CEO of Mondelez, commented, "We believe that the combination of strong top-line growth in emerging markets, double-digit EPS gains, higher dividends and a substantial increase in share buybacks creates a highly attractive mix that will deliver superior shareholder returns." The Full Research Report on Mondelez International, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.AnalystsCorner.com/r/full_research_report/4023_MDLZ]
Altria Group Inc. Research Report
On August 14, 2013, Altria Group Inc. (Altria Group) announced that its employee-funded charity organization, The Altria Companies Employee Community Fund (ACECF), has donated more than $2.9 million in grants to 140 nonprofits based in some of its operating communities. Jennifer Hunter, Chairperson of the ACECF Board of Directors, stated, "Given these difficult economic times, many nonprofits are in more need than ever to continue their missions to address acute needs in their communities. With this unique opportunity, Altria companies' employees are able to help make a difference in the places they call home through their commitments of money and time." The Company further stated that ACEF is in operation since 2000 and since then it has granted $40 million to non-profit organizations of some communities where Altria's employees live and work. The Full Research Report on Altria Group Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.AnalystsCorner.com/r/full_research_report/fe4c_MO]
Tyson Foods, Inc.Research Report
On August 7, 2013, Tyson Foods, Inc. (Tyson Foods) announced that the Board of Directors has approved a quarterly dividend of $0.05 per Class A common share and $0.045 per Class B common share. The Company stated that the dividend is payable on December 13, 2013 to shareholders of record at the close of the business on November 29, 2013. The Full Research Report on Tyson Foods, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.AnalystsCorner.com/r/full_research_report/4516_TSN]
Archer Daniels Midland Company Research Report
On August 7, 2013, Archer Daniels Midland Company (ADM) announced that the Board of Directors has approved a cash dividend of $0.19 per common share. According to ADM the dividend is payable on September 12, 2013, to shareholders on record on August 22, 2013. ADM added that this is the Company's 327th continuous quarterly payment in the past 81 years. The Full Research Report on Archer Daniels Midland Company - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.AnalystsCorner.com/r/full_research_report/9649_ADM]
Molson Coors Brewing Company Research Report
On August 6, 2013, Molson Coors Brewing Company (Molson Coors) released its Q2 2013 financial results with net sales up 17.9% YoY to $1.2 billion. Net income from continuing operations attributable to the Company was up 165.3% YoY to $276.7 million, and net income attributable to the Company was up 164.9% YoY to $278.4 million. Peter Swinburn, President and CEO of Molson Coors, said, " This underlying income growth was driven by earnings accretion from the Central Europe acquisition that we completed during June last year and improved financial performance in our Europe and International businesses, along with a lower quarterly tax rate this year. We also generated strong free cash flow and reduced our net debt by $373 million in the quarter. Most of our key brands in core markets gained or held share versus a year ago. Our results also benefited from the introduction of brand and packaging innovations globally and from the strength of our above-premium brands, which gained market share in each of our businesses." The Full Research Report on Molson Coors Brewing Company - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.AnalystsCorner.com/r/full_research_report/cf66_TAP]
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