Contest Winners, Company Updates, Dividends and Earnings Releases, and Stock Price Movements - Analyst Notes on PepsiCo, Altria, Coach, MetLife and State Street
Editor Note: For more information about this release, please scroll to bottom.
NEW YORK, May 8, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding PepsiCo, Inc. (NYSE: PEP), Altria Group Inc. (NYSE: MO), Coach, Inc. (NYSE: COH), MetLife, Inc. (NYSE: MET) and State Street Corporation (NYSE: STT). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/2173-100free.
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PepsiCo, Inc. Analyst Notes
On May 5, 2014, PepsiCo, Inc.'s (PepsiCo) Frito-Lay North America, announced the winners of its Black History Month art contest named, "Create to Celebrate". Danielle Johnson of Biloxi, Mississippi, won the $10,000 grand prize, Sam Fuller of Dallas, Texas ($5,000), and Alannah Vincent of Dothan, Alabama ($2,500). The contest invited consumers to submit an original piece of art celebrating African American achievement in Black History. Frito-Lay will also donate $20,000 to the United Negro College Fund (UNCF) in order to fund future educational needs of artists and students across the country. Haston Lewis, Senior Director, Marketing, Frito-Lay North America, said, "The tremendous enthusiasm and level of engagement our fans have shown in the 'Create to Celebrate' Black History Month art contest is truly inspiring. Through this contest and our partnership with UNCF, we are honored to contribute to such an important cause and help improve the lives of talented artists." The full analyst notes on PepsiCo are available to download free of charge at:
http://www.analystsreview.com/2173-PEP-08May2014.pdf
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Altria Group Inc. Analyst Notes
On April 29, 2014, Altria Group Inc. (Altria) announced that Philip Morris USA (PM USA) will seek review by the Illinois Supreme Court of appellate court decision to order reinstatement of the 2003 judgment in the Price "Lights" case. "Almost ten years ago the Illinois Supreme Court reversed the Price judgment as contrary to Illinois law," said Murray Garnick, Altria Client Services Senior Vice President and Associate General Counsel, speaking on behalf of PM USA. "The Fifth District Court of Appeals' decision today conflicts with that ruling and essentially overrules a decision of a higher court." According to Altria, the Illinois Supreme Court in 2005 reversed a $10.1 billion judgment against PM USA, which was imposed by former Madison County Circuit Judge Byron, sitting without a jury. The original case alleged that Illinois smokers were deceived in purchasing Marlboro "Lights" and Cambridge "Lights" cigarettes and, therefore, entitled to a refund. The full analyst notes on Altria are available to download free of charge at:
http://www.analystsreview.com/2173-MO-08May2014.pdf
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Coach, Inc. Analyst Notes
On April 29, 2014, Coach, Inc. (Coach) announced financial results for Q3 FY 2014 (period ended March 29, 2014). The Company reported net sales of $1.1 billion for its Q3 FY 2014, down 7.6% YoY. Net income was $190.7 million, or $0.68 per diluted share, compared with $238.9 million or $0.84 per diluted share in Q3 FY 2013. Victor Luis, Coach, CEO, said, "During the third quarter, total sales declined as weakness in our North American women's bag and accessories business continued to offset strong growth in men's, footwear, and robust sales gains in Asian markets and Europe." Additionally, Coach also announced a quarterly cash dividend of $0.3375 per common share payable on June 30, 2014 to shareholders of record as of the close of business on June 6, 2014. Coach's stock has declined 13.94% since the April 28, 2014 closing price of $50.42. The full analyst notes on Coach are available to download free of charge at:
http://www.analystsreview.com/2173-COH-08May2014.pdf
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MetLife, Inc. Analyst Notes
On April 30, 2014, MetLife, Inc. (MetLife) reported financial results for Q1 2014. MetLife reported total operating revenues $17.1 billion, up 1.4% YoY, but trailed Thomson's revenue estimate of $17.7 billion. Operating earnings were down to $1.56 billion, or $1.37 per share, versus $1.63 billion, or $1.47 per share in Q1 2013. On a GAAP basis, MetLife reported Q1 2014 net income of $1.3 billion, or $1.14 per share. According to MetLife, the net income was impacted by an investment loss of $343 million, after tax, related to the previously announced sale of our UK pension risk transfer business. Net income also included $223 million, after tax, in net derivative gains, reflecting a decline in interest rates, changes in foreign currencies and the impact of MetLife's own credit during the quarter. The full analyst notes on MetLife are available to download free of charge at:
http://www.analystsreview.com/2173-MET-08May2014.pdf
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State Street Corporation Analyst Notes
On May 5, 2014, the stock of State Street Corporation (State Street) closed at $64.13, down 1.88%. The Company's stock declined after increasing in the last four consecutive trading sessions. State Street's stock opened at $64.71 and traded in the range $63.51 and $64.72 during the session. On the other hand, the broader market index (NYSE Composite), ended flat closing the trading session at $10,630.14. A total of 2.32 million shares were traded, lesser than the previous day's trading volume of 2.5 million shares. State Street will hold its Annual Shareholder Meeting on May 14, 2014 at 9:00 a.m. EDT. The full analyst notes on State Street are available to download free of charge at:
http://www.analystsreview.com/2173-STT-08May2014.pdf
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