Stock Price Movements, Dividends, Leadership Transitions, and Acquisitions Agreement - Analyst Notes on Kellogg, ConAgra, McCormick, B&G Foods, and TreeHouse Foods
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NEW YORK, April 10, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Kellogg Company (NYSE: K), ConAgra Foods, Inc. (NYSE: CAG), McCormick & Co. Inc. (NYSE: MKC), B&G Foods Inc. (NYSE: BGS), 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/register
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Kellogg Company Analyst Notes
On April 7, 2014, Kellogg Company's (Kellogg) stock price increased 2.02% to end the day at $65.06 per share, compared to the previous day's closing price at $63.77. The Company's stock increased 9.31% over the past six trading months, compared to the Dow Jones Industrial Average which went up 9.94% and S&P 500 which grew 10.08% during the same trading period. The full analyst notes on Kellogg Company are available to download free of charge at:
http://www.AnalystsReview.com/04102014/K/report.pdf
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ConAgra Foods, Inc. Analyst Notes
On April 3, 2014, ConAgra Foods, Inc. (ConAgra) announced that its Board of Directors has authorized and declared a dividend payment of $0.25 per common share. The Company informed that the said dividend is payable on May 30, 2014 to shareholders of record at the close of the business on April 30, 2014. The full analyst notes on ConAgra Foods, Inc. are available to download free of charge at:
http://www.AnalystsReview.com/04102014/CAG/report.pdf
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McCormick & Co. Inc. Analyst Notes
On April 3, 2014, McCormick & Co. Inc. (McCormick) announced the retirement of Charles T. Langmead, President - Global Industrial Business, with effect from July 1, 2014. Alan D. Wilson, Chairman, President and CEO of McCormick said, "Chuck embodies McCormick's core values. His dedication to the company and his commitment to his customers serve as a model to those who have worked with Chuck over the years, He has also demonstrated great support for his hometown as evidenced by his impactful service on a number of local community boards. Chuck is a difference maker, and he leaves a lasting imprint on McCormick." The Company stated that Mr. Langmead has served McCormick's Management Committee for the past seven years. McCormick informed that he also pioneered McCormick's diversity initiative as Chairman of the Company's first Diversity Council and is an Emeritus member of the Multiple Management Board. The full analyst notes on McCormick & Co. Inc. are available to download free of charge at:
http://www.AnalystsReview.com/04102014/MKC/report.pdf
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B&G Foods Inc. Analyst Notes
On April 3, 2014, B&G Foods, Inc. (B&G Foods) announced that it has entered into an agreement to acquire Specialty Brands of America, Inc. (Specialty Brands) and related entities from affiliates of American Capital, Ltd. and certain individuals for approximately $155 million in cash. David L. Wenner, President and CEO of B&G Foods commented, "We look forward to welcoming Specialty Brands into our family of brands. These brands complement very well our existing portfolio of brands and we believe that B&G Foods will be able to enhance the growth prospects of these brands. In addition, consistent with our acquisition strategy, we expect the acquisition to be immediately accretive to our earnings per share and free cash flow." B&G Foods anticipates that post the acquisition, Specialty Brands, after being fully integrated into B&G Foods, will generate on an annualized basis net sales of approximately $85 million and adjusted EBITDA of approximately $20 million. The Company stated that it intends to fund the acquisition with cash on hand and borrowings under its existing revolving credit facility. B&G Foods expects the acquisition to close during the Q3 2014 or Q4 2014, subject to regulatory approval and the satisfaction of customary closing conditions. The full analyst notes on B&G Foods Inc. are available to download free of charge at:
http://www.AnalystsReview.com/04102014/BGS/report.pdf
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TreeHouse Foods, Inc. Analyst Notes
On April 7, 2014, TreeHouse Foods Inc.'s (TreeHouse Foods) stock increased slightly by 0.13% to end the day at $69.94, compared to the previous day's closing price at $69.85. The Company's stock declined 2.11% over the past five trading days, compared to the Dow Jones Industrial Average which also went down 1.29% and to S&P 500 which decreased 1.46% over the same trading period. The full analyst notes on TreeHouse Foods, Inc. are available to download free of charge at:
http://www.AnalystsReview.com/04102014/THS/report.pdf
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