Strategic Stake Acquisition and Upcoming Financial Results - Analyst Notes on BRF, Post, Hormel Foods, Pilgrim's and Dean Foods
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NEW YORK, April 24, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding BRF - Brasil Foods S.A. (NYSE: BRFS), Post Holdings, Inc. (NYSE: POST), Hormel Foods Corp. (NYSE: HRL), Pilgrim's Corp. (NASDAQ: PPC) and Dean Foods Company (NYSE: DF). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/1539-100free.
BRF - Brasil Foods S.A. Analyst Notes
On April 17, 2014, BRF - Brasil Foods S.A. (BRF) informed that BlackRock acquired common shares issued by the Company on April 10, 2014 with its overall stake on an aggregate basis reaching 34.5 million common shares and 9.4 million American Depositary Receipts (ADRs). In total, BlackRock owns 5.03% of common shares issued by the Company. As per a disclosure by BlackRock, the Company holds no debentures convertible into shares or any securities convertible into shares and that the aforementioned shareholding stake is strictly for investment purposes. The full analyst notes on BRF are available to download free of charge at:
http://www.analystsreview.com/1539-BRFS-24Apr2014.pdf
Post Holdings, Inc. Analyst Notes
On April 17, 2014, Post Holdings, Inc. (Post) announced that it has agreed to acquire MFI Holding Corporation for $2.5 billion on a cash-free, debt-free basis from affiliates of GS Capital Partners, Thomas H. Lee Partners, and other owners, making it the largest acquisition of the Company till date. The transaction is expected to be accretive to the Company's EPS, and the management expects to recognize approximately $10 million in synergies resulting from benefits of scale. In addition to the acquisition amount, the Company will also make a $50 million payment on the anniversary of the closing date intended to represent the parties' estimate value of certain tax benefits. Concurrent with the agreement signing, the Company also obtained financing commitments under which various lenders have committed to provide up to $1.8 billion in credit facilities, including a bridge loan of up to $340 million. The full analyst notes on Post are available to download free of charge at:
http://www.analystsreview.com/1539-POST-24Apr2014.pdf
Hormel Foods Corp. Analyst Notes
On April 15, 2014, Hormel Foods Corp. (Hormel Foods) announced that it will issue its Q2 2014 earnings release on May 21, 2014, before the market opens, and host a conference call to discuss the financial results on at 8:00 a.m. CT (9:00 a.m. ET) on the same day. Jeffrey M. Ettinger, Board Chairman, President and CEO, and Jody H. Feragen, Executive Vice President and CFO, will discuss the Company's financial results. A live webcast, as well as the recorded replay of the call, will be made available on the Company's website until June 4, 2014, 11:59 p.m. The full analyst notes on Hormel Foods are available to download free of charge at:
http://www.analystsreview.com/1539-HRL-24Apr2014.pdf
Pilgrim's Corp. Analyst Notes
On April 7, 2014, Pilgrim's Corp. (Pilgrim's) announced that it will broadcast its Q1 2014 earnings conference call and webcast on May 1, 2014, at 7:00 a.m. MDT (9:00 a.m. EDT). The Company stated that the prepared remarks regarding the Company's financial and operational results will be followed by a Q&A session with Pilgrim's executive management team. The Company informed that the webcast replay will be made available on the Company's website and will remain until July 31, 2014. According to Zacks Investment Research data, the consensus EPS estimates for the quarter is $0.37. Pilgrim's operates chicken processing plants and prepared-foods facilities in 12 states, Puerto Rico and Mexico. The full analyst notes on Pilgrim's are available to download free of charge at:
http://www.analystsreview.com/1539-PPC-24Apr2014.pdf
Dean Foods Company Analyst Notes
On April 21, 2014, Dean Foods Company (Dean Foods) announced that it will host a live webcast of its Q1 2014 earnings conference call on May 8, 2014, at 9:00 a.m. ET. The Company Management will be discussing the financial results and will provide outlook. A live webcast, as well as its replay, will be made available on the Company's website for 45 days following the live call. According to Zacks Investment Research data, the consensus EPS estimate for the quarter is $0.02. The full analyst notes on Dean Foods are available to download free of charge at:
http://www.analystsreview.com/1539-DF-24Apr2014.pdf
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