Acquisitions, Earnings Releases, Product Updates and New Launches - Analyst Notes on Pinnacle Foods, Hillshire Brands, P&G, Keurig and Coca-Cola
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NEW YORK, May 15, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Pinnacle Foods Inc. (NYSE: PF), The Hillshire Brands Company (NYSE: HSH), Procter & Gamble Co. (NYSE: PG), Keurig Green Mountain, Inc. (NASDAQ: GMCR) and The Coca-Cola Company (NYSE: KO). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/2486-100free.
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Pinnacle Foods Inc. Analyst Notes
On May 12, 2014, shares of Pinnacle Foods Inc. (Pinnacle Foods) rallied 13.20% to end the trading session at $34.47, after the Company entered into a definitive agreement for the sale of Pinnacle Foods to Hillshire Brands (Hillshire). The Company stated that under the agreement, Hillshire will acquire all outstanding shares of Pinnacle Foods, with Pinnacle Foods' stockholders receiving $18.00 in cash for each share held, along with Hillshire common stock at a fixed exchange ratio of 0.50 Hillshire shares for each Pinnacle Foods share. According to the Company, the transaction represents an implied premium of approximately 80% since Pinnacle Foods' March 28, 2013 IPO. Pinnacle Foods' shareholders will hold nearly 33% of the combined entity following the closing of the transaction. The Company stated it expects the transaction to close by September 2014. The full analyst notes on Pinnacle Foods are available to download free of charge at:
http://www.analystsreview.com/2486-PF-15May2014.pdf
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The Hillshire Brands Company Analyst Notes
On May 12, 2014, The Hillshire Brands' (Hillshire Brands) stock fell 3.22% to settle at $35.76, after the Company signed an agreement under which it will acquire all outstanding shares of Pinnacle Foods in a cash and stock transaction. The Company informed that according to the agreement, each share of Pinnacle Foods common stock will be exchanged for $18.00 in cash and 0.50 shares of Hillshire Brands common stock. According to Hillshire Brands, the total enterprise value of the transaction is approximately $6.6 billion, including Pinnacle Foods' outstanding net debt, which reflects an adjusted EBITDA multiple of 9.6x. The companies will have leading positions in key frozen, refrigerated and center of store grocery categories on a combined basis. The combined entity will be led by current Hillshire President and CEO Sean Connolly. The full analyst notes on Hillshire Brands are available to download free of charge at:
http://www.analystsreview.com/2486-HSH-15May2014.pdf
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Procter & Gamble Co. Analyst Notes
On May 9, 2014, Fox News reported that Procter & Gamble Co. (P&G) has stopped shipping the packages of Ariel washing powder, as well as a liquid detergent that was being promoted as "Ariel 18." According to the news article, P&G invited wrath in Germany after unintentionally placing a neo-Nazi code on promotional packages for Ariel washing powder. Fox News stated that the use of Nazi slogans in public is banned in Germany, which neo-Nazis often try to circumvent by using codes. P&G acknowledged that the number was "unintentionally ambiguous" and that the Company has stopped shipping the offending powder and the liquid detergent, according to the article. The full analyst notes on P&G are available to download free of charge at:
http://www.analystsreview.com/2486-PG-15May2014.pdf
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Keurig Green Mountain, Inc. Analyst Notes
On May 8, 2014, shares of Keurig Green Mountain, Inc., (Keurig) rallied 12.99%, a day after the Company reported better-than-expected Q2 FY 2014 (period ended March 29, 2014) financial results. Net sales improved 9.78% to $1.10 billion, beating Thomson Reuters' analysts' expected revenues of $1.05 billion. GAAP net income attributable to Keurig was $162.1 million or $1.03 per diluted share, up from $132.4 million or $0.87 per diluted share in Q2 FY 2013, while non-GAAP net income attributable to Keurig was $169.8 million or $1.08 per diluted share, up from $140.9 million or $0.93 per diluted share in Q1 2013. On average, 12 analysts polled by Thomson Reuters expected adjusted earnings of $0.94 per share for the quarter. Keurig declared a regular quarterly cash dividend of $0.25 per common share, payable on August 1, 2014, to shareholders of record on July 3, 2014. The full analyst notes on Keurig are available to download free of charge at:
http://www.analystsreview.com/2486-GMCR-15May2014.pdf
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The Coca-Cola Company Analyst Notes
On May 9, 2014, The Coca-Cola Company (Coca-Cola) reported that its energy drink BURN® and Lotus F1® Team launched Human Ignition, a new movie that investigates the future of F1® in the year 2030 and provides insight from great minds- from drivers through to designers- who share a passion for motorsport. The Company stated that Hollywood vehicle designer Harold Belker designed a theorized car for Human Ignition with the intention of reducing the need for regular pit-stops. Prinz M. Pinakatt, Global Director Sports & Entertainment Marketing, Coca-Cola said, "Human Ignition is the result of more than a year's hard work from some of the most creative individuals in both film making and motorsport. The vision of F1® presented in this film is both revolutionary and explosive, presenting a potential future reality that we are sure will excite both F1® professionals and motorsport fans." The full analyst notes on Coca-Cola are available to download free of charge at:
http://www.analystsreview.com/2486-KO-15May2014.pdf
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