Investments, Reverse Stock Splits, Management Changes, and Financial Results - Research Report on BRF, Sanderson Farms, Dean Foods, Hain Celestial, and Pilgrim's
NEW YORK, September 2, 2013 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Today, Analysts' Corner announced new research reports highlighting BRF SA (NYSE: BRFS), Sanderson Farms, Inc. (NASDAQ: SAFM), Dean Foods Company (NYSE: DF), The Hain Celestial Group, Inc. (NASDAQ: HAIN), and Pilgrim's Pride Corporation (NASDAQ: PPC). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
BRF SA Research Report
On August 27, 2013, BRF SA (BRF) announced an update in connection with a report on the outcome of a review of the Company's management structure dated August 14, 2013. According to the Company, it has received approvals to incorporate certain additional changes in BRF's management structure. As a result, Elcio Ito, Head of the Finance and Investor Relations Department, will now responsible for the Finance Department, focusing on global treasury and management of capital employed. Edina Biava, Investor Relations Manager, will now focus on the Company's corporate governance, and will report directly to the Board of Directors. Christiane Assis, Corporate Risk Manager, will be responsible for the Investor Relations Department. The Full Research Report on BRF SA - 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/fdc5_BRFS]
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Sanderson Farms, Inc. Research Report
On August 27, 2013, Sanderson Farms, Inc. (Sanderson) reported its Q3 FY 2013 financial results (period ended July 31, 2013). The Company's net sales were $739 million, up 18.3% YoY during the quarter. Net income stood at $67.9 million, or $2.95 per diluted share, in Q3 FY 2013, compared with $28.7 million, or $1.25 per diluted share, in Q3 FY 2012. Joe F. Sanderson, Jr., Chairman and CEO of Sanderson said, "Market prices for poultry products were higher than the third quarter of fiscal 2012, as the Georgia Dock whole bird price remained historically high during the quarter. The Georgia Dock price reflects steady retail grocery store demand, In addition, market prices for wings, while below last year's third quarter levels, improved during the quarter. Boneless breast meat prices remained well above last year's prices and peaked in May as several quick serve restaurants and other food service establishments featured chicken on their menus." The Full Research Report on Sanderson Farms, 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/733e_SAFM]
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Dean Foods Company Research Report
On August 26, 2013, Dean Foods Company (Dean Foods) announced that its 1-for-2 reverse stock split of issued Dean Foods commons stock will be in effect from 4:15 p.m. ET on the date of announcement. The Company informed that its common stock will trade on a split-adjusted basis on the NYSE with effect from August 27, 2013. Chris Bellairs, CFO of Dean Foods, re-affirmed the Company's financial guidance for Q3 2013 and said, "We previously announced our expectation of adjusted diluted earnings of $0.05 to $0.08 per share during the third quarter of 2013 on a pre-split basis. On a post-split basis, this translates to expected adjusted diluted earnings of $0.10 to $0.16 per share for the third quarter of 2013. In addition, our prior full year 2013 guidance of adjusted diluted earnings of $0.47 to $0.53 per share on a pre-split basis translates to adjusted diluted earnings per share of $0.94 to $1.06 on a post-split basis." The Full Research Report on Dean Foods 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/3bf2_DF]
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The Hain Celestial Group, Inc. Research Report
On August 21, 2013, The Hain Celestial Group, Inc. (Hain Celestial) announced that Stephen J. Smith will join the Company as the new Executive Vice President and CFO, with effect from September 3, 2013. Hain Celestial informed that this move of the Company comes in connection with the planned retirement of its current CFO, Ira J. Lamel, effective on August 31, 2013. According to the Company, prior to joining Hain Celestial, Smith has served as Executive Vice President and CFO at Elizabeth Arden, Inc. for more than 12 years. Irwin D. Simon, Founder, President, and CEO of Hain Celestial said, "Steve has an extensive background in working with consumer products companies on a global basis and brings a demonstrated ability to implement business analytics for high-performance strategic growth, Steve is the right person to work with our management team in achieving our next level of growth." The Full Research Report on The Hain Celestial 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/1164_HAIN]
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Pilgrim's Pride Corporation Research Report
On August 28, 2013, Pilgrim's Pride Corporation (Pilgrim's) announced an investment of $25 million in the state of Alabama. According to the Company, the investment would encompass construction of a new feed mill facility, and a $10 million renovation of Pilgrim's poultry processing facility, both in the state of Alabama. Pilgrim informed that the construction of the new feed mill will begin within the next 30 days from the day of announcement, and renovation of the existing processing facility in Enterprise will occur in the next six months. Jayson Penn, Executive Vice President, Sales and Operations at Pilgrim's said, "This significant investment is consistent with our strategy of relentless pursuit of operational excellence and will improve our efficiencies, cost structure and competitiveness, while creating a safer work environment for our employees." The Full Research Report on Pilgrim's Pride Corporation - 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/1e47_PPC]
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