Earnings, New Product Launches, Opening of New Stores, Master Settlement Agreement, and Stock Price Updates - Analyst Notes on PepsiCo, Beam, Altria, Coach and ADM
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NEW YORK, April 22, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding PepsiCo Inc. (NYSE: PEP), Beam Inc. (NYSE: BEAM), Altria Group Inc. (NYSE: MO), Coach Inc. (NYSE: COH) and Archer Daniels Midland Company (NYSE: ADM). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/1401-100free.
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PepsiCo Inc. Analyst Notes
On April 17, 2014, PepsiCo Inc. (PepsiCo) announced its Q1 2014 earnings. PepsiCo reported $12.6 billion in net revenue for Q1 2014, flat from Q1 2013 but ahead of Wall Street analysts' $12.4 billion estimates. Net income was up 13.1% YoY to $1.2 billion, or an EPS of $0.79 (core EPS of $0.83), 4 cents ahead of street estimates. Looking ahead, the Company expects to return approximately $8.7 billion to shareholders through dividends and share repurchases in 2014. The Company reaffirmed 7% core constant currency EPS growth target for 2014. Shares of PepsiCo closed at $85.55, up 0.92% on high volumes. A total of 11.17 million shares changed hands, significantly higher than the 30-day average trading volume of 5.58 million shares. The full analyst notes on PepsiCo are available to download free of charge at:
http://www.analystsreview.com/1401-PEP-22Apr2014.pdf
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Beam Inc. Analyst Notes
On April 14, 2014, Hornitos Tequila, a brand owned by Beam Inc. (Beam), announced the launch of Hornitos Black Barrel, a 100% blue agave tequila, produced through a different process which has a classic taste of whisky. The Company informed that Hornitos Black Barrel is available for a suggested price of $29.99 for a 750 ml bottle. Gary Ross, Senior Brand Director Tequila at Beam, said, "With the recent growing excitement around the whiskey category, now is the perfect time to introduce Hornitos® Black Barrel® - a one-of-a-kind product that is sure to please both tequila and whiskey fans. We are also extremely proud of the industry's response to our newest spirit. The success of Hornitos® Black Barrel® at the 2014 International Denver Spirit Awards and San Francisco Wine & Spirits Competition serves as further evidence that this storied brand will continue its 140-year history of revolutionizing the tequila category." The full analyst notes on Beam are available to download free of charge at:
http://www.analystsreview.com/1401-BEAM-22Apr2014.pdf
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Altria Group Inc. Analyst Notes
On April 15, 2014, Phillips Morris USA (Phillip Morris), a wholly-owned subsidiary of Altria Group Inc. (Altria), announced that it has paid its annual Master Settlement Agreement (MSA) payment of $3.3 billion, net of various items related to the Non-Participating Manufacturer adjustment disputes. According to the Company, it has paid in excess of $66 billion to states since the signing of tobacco settlement agreements. Phillip Morris has provided states with resources to fund tobacco cessation and prevent the use of tobacco by underage tobacco through programs recommend by the Centers for Disease Control. The MSA is an accord reached in November 1998 between the state Attorneys General of forty-six states, five U.S. territories, the District of Columbia and the five largest companies in America concerning the advertising, marketing and promotion of tobacco products. The tobacco settlement is the largest financial recovery (nearly $206 billion through year 2025) in legal history. The full analyst notes on Altria are available to download free of charge at:
http://www.analystsreview.com/1401-MO-22Apr2014.pdf
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Coach Inc. Analyst Notes
On April 8, 2014, Zacks reported that Coach Inc. (Coach) plans to open new retail outlets in collaboration with Studio Sofield, an eminent New York designing studio. The first store will have a total area of 3,909 square feet store and will be located at Beverly Hills, California, while the second store will be a 5,335 square feet area store located at Time Warner Center in New York City. The Company expects to inaugurate the first store in the fall of 2014. In addition, the Company plans to open a store in Shinjuku district of Tokyo, Japan with a total area of 8,697 square feet, the article on Zacks.com said. The full analyst notes on Coach are available to download free of charge at:
http://www.analystsreview.com/1401-COH-22Apr2014.pdf
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Archer Daniels Midland Company Analyst Notes
On April 16, 2014, Archer Daniels Midland Company's (ADM) stock moved up 1.69% to end the trading session at $45.02, outperforming the S&P 500 Index that gained 1.05% over the same day. Shares in ADM opened the session at $44.54 and oscillated in the range of $44.44 - $45.02. Over the past three months, the stock has returned 9.78% outperforming the S&P 500 Index that returned 1.28% over the same time period. Recently, ADM announced significant changes in its ongoing portfolio management. The Company signed a definitive agreement to sell its South American fertilizer business to Mosaic for $350 million and said that it will acquire the remaining 20% stake of global grains business Toepfer for €83 million. The Company is also looking for a buyer for its global chocolate business. The full analyst notes on ADM are available to download free of charge at:
http://www.analystsreview.com/1401-ADM-22Apr2014.pdf
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