NEW YORK, July 1, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding ConAgra Foods, Inc. (NYSE: CAG), McCormick & Company, Incorporated (NYSE: MKC), Ingredion Incorporated (NYSE: INGR), Campbell Soup Company (NYSE: CPB) and TreeHouse Foods, Inc. (NYSE: THS). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/4303-100free.
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ConAgra Foods, Inc. Analyst Notes
On June 26, 2014, ConAgra Foods, Inc. (ConAgra Foods) reported its Q4 FY 2014 and FY 2014 (period ended May 25, 2014) financial results. Quarterly net sales slightly decreased 2.8% YoY to $4.4 billion. Net loss attributable to the Company was $324.2 million, or $0.77 diluted loss per share, compared with net income of $192.2 million, or $0.45 diluted earnings per share in Q4 FY 2013. Net income attributable to ConAgra Foods in FY 2014 was $303.1 million or $0.70 diluted EPS, as compared to $773.9 million or $1.85 diluted EPS in FY 2013. Commenting on the results, Gary Rodkin, ConAgra Foods' CEO, said, "We are disappointed with fiscal 2014 overall, and we have a very focused sense of urgency directed toward improving our results. Despite the difficult year, we were able to generate substantial cash, meet our debt reduction commitments, and pay a strong dividend." The full analyst notes on ConAgra Foods are available to download free of charge at:
http://www.analystsreview.com/Jul-01-2014/CAG/report.pdf
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McCormick & Company, Incorporated Analyst Notes
On June 26, 2014, McCormick & Company, Incorporated (McCormick) reported its Q2 FY 2014 (period ended May 31, 2014) financial results. Net sales for the quarter increased 3.1% YoY to $1.0 billion. Quarterly net income was $84.5 million, or $0.64 per diluted share, compared with $78.6 million, or $0.59 per diluted share in Q2 FY 2013. Commenting on the results, Alan D. Wilson, Chairman, President and CEO of McCormick, said, "We achieved further growth in our business this quarter, with year-to-date increases of 5% in sales, 9% in earnings per share and nearly $50 million of additional cash flow from operations." In addition, the Company reaffirmed its financial guidance for FY 2014, anticipating sales growth to be in the range between 3% and 5% in local currency, which includes the incremental impact of the WAPC acquisition in H1 2014. The company reaffirmed projected FY 2014 EPS of $3.22 to $3.29. The full analyst notes on McCormick are available to download free of charge at:
http://www.analystsreview.com/Jul-01-2014/MKC/report.pdf
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Ingredion Incorporated Analyst Notes
On June 23, 2014, Ingredion Incorporated (Ingredion) reported that it has entered into an agreement with Alliance Grain Traders Inc. (AGT) to become the distributor of AGT pulse flours, protein, and bran ingredients. The agreement also includes the distribution of other consumer goods such as baked goods, snack, and pasta, covering the U.S., Canada, China, most of Europe, North Africa and the Middle East. The Company informed that it will introduce the products over the next 120 days, and most of the line will be marketed under Ingredion's HOMECRAFT brand. Murad Al-Katib, CEO and President of AGT, said, "We are excited for the prospects of our alliance with Ingredion. The application expertise, the reach of the specialized go-to-market approach and the focus on innovation and product development of Ingredion will complement AGT's global leadership in sourcing and processing pulses, allowing us an increased and added value offering to our customers." The full analyst notes on Ingredion are available to download free of charge at:
http://www.analystsreview.com/Jul-01-2014/INGR/report.pdf
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Campbell Soup Company Analyst Notes
On June 25, 2014, Campbell Soup Company (Campbell) announced that its Board of Directors has declared a regular quarterly cash dividend on its capital stock of c.$0.31 per share. Campbell stated that the dividend is payable on August 4, 2014 to shareholders of record at the close of business on July 8, 2014. The full analyst notes on Campbell are available to download free of charge at:
http://www.analystsreview.com/Jul-01-2014/CPB/report.pdf
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TreeHouse Foods, Inc. Analyst Notes
On June 18, 2014, TreeHouse Foods, Inc. (TreeHouse Foods) announced that it will host a conference call to discuss its Q2 2014 earnings results on August 7, 2014 at 9:00 a.m. EDT. The Company informed that an earnings release will be issued prior to the market opening on the same day. The live audio webcast of the call can be accessed on TreeHouse Foods' Investors Relations page. A webcast replay will also remain on the Company's website for a year following the call. The full analyst notes on TreeHouse Foods are available to download free of charge at:
http://www.analystsreview.com/Jul-01-2014/THS/report.pdf
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