Guidance Updates, New Business Units, Exclusive Distribution Agreements, New Products, and Secondary Offerings - Research Report on Hormel, Kraft Foods Group, ADM, Kellogg, and WhiteWave
NEW YORK, June 21, 2013 /PRNewswire/ --
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Today, Wall Street Reports announced new research reports highlighting Hormel Foods Corporation (NYSE: HRL), Kraft Foods Group, Inc. (NASDAQ: KRFT), Archer Daniels Midland Company (NYSE: ADM), Kellogg Company (NYSE: K), and The WhiteWave Foods Company (NYSE: WWAV). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Hormel Foods Corporation Research Report
On June 18, 2013, Hormel Foods Corporation (Hormel) lowered its full-year earnings guidance for FY 2013 to the range of $1.88 to $1.96 per share, from the previous range of $1.93 to $2.03 per share. Jeffrey M. Ettinger, Chairman of the Board, President and CEO of Hormel, stated, "Lower than expected results in our pork operations, higher input costs and softer sales of our retail products in our Refrigerated Foods segment are the primary reason for the expected shortfall in our second half results." Ettinger added, "We remain very bullish about our future earnings potential. We will provide more details regarding the outlook during our Investor Day on June 26, 2013." The Full Research Report on Hormel Foods Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.WSReports.com/r/full_research_report/de96_HRL]
Kraft Foods Group, Inc. Research Report
On June 14, 2013, Kraft Foods Group, Inc. (Kraft Foods Group) announced that it is planning to create two new standalone business units. Kraft will divide the brands in the Company's Grocery segment into two business units, namely, Meals and Desserts, and Enhancers and Snack Nuts. Tony Vernon, CEO of Kraft Foods Group, said, "Since we launched the new Kraft, we've focused heavily on turbocharging our iconic brands. And we've made a lot of progress thanks to great marketing and innovation." Vernon continued, "With the creation of our two newest business units and great leaders in place, we're taking an important step to strengthen our focus on some of the most beloved brands in North America." The Full Research Report on Kraft Foods Group, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.WSReports.com/r/full_research_report/a4ab_KRFT]
Archer Daniels Midland Company Research Report
On June 6, 2013, Archer Daniels Midland Company (ADM) announced that under the terms of a strategic alliance agreement signed on May 24, 2013, it will be the exclusive sales channel for certain sweetener and lysine products manufactured by Global Bio-chem Technology Group Company Limited, and/or its subsidiary, Global Sweeteners Holdings Limited, to various markets in Asia and South America. The Company stated that starting from June 2013, ADM will be the exclusive sales channel for several of Global Sweeteners' sweetener products which will be distributed in Southeast Asia, the Far East, Australia, and New Zealand. In the context of South America, ADM stated that it will also use its expansive marketing and sales network to distribute various Global Bio-chem lysine products to customers in Brazil and Argentina. Ismael Roig, President of ADM Asia Pacific, commented, "ADM is pleased to have the opportunity to provide many of the high-value products in Global Bio-chem's portfolio to our extensive network of customers in Asia and South America. This collaboration leverages the strengths of both companies to the benefit of customers, and we anticipate a positive response on both continents." 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.WSReports.com/r/full_research_report/924f_ADM]
Kellogg Company Research Report
On June 6, 2013, Kellogg Company (Kellogg) launched new flavors for its snack brands, including new cookies, crackers, chips, and bars. Brian Huff, President of Kellogg US Snacks, said, "Snacking is an important part of peoples' diets, and consumers are constantly seeking new options." Huff added, "We continue to respond with flavors, ingredients and entirely new foods to meet this demand for snacking alternatives." Among the new offerings are Cheez-It Zingz crackers, Mediterranean-flavored hummus chips, Keebler Elves cookies, and new wholesome snack bars from Nutri-Grain, SpecialK and Kashi. The Full Research Report on Kellogg Company - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.WSReports.com/r/full_research_report/1a35_K]
The WhiteWave Foods Company Research Report
On June 14, 2013, The WhiteWave Foods Company (WhiteWave) announced that it has filed a registration statement on Form S-1 with the US Securities and Exchange Commission (SEC) for a secondary offering of 29.9 million shares of its Class A common stock, which is currently owned by Dean Foods Company. Moreover, the underwriters will be granted a 30-day option to purchase Dean Foods' remaining 4.5 million shares of the Company's Class A common stock. If the option is fully exercised by the underwriters, Dean Foods will not own any of WhiteWave's common stock following the completion of the offering. The Full Research Report on The WhiteWave Foods Company - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
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SOURCE Wall Street Reports