Updated Outlook, Strategic Collaborations, New Repurchase Programs, and Recognitions - Research Report on ConAgra, GMCR, Mead Johnson, Campbell, and Ingredion
NEW YORK, September 17, 2013 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Today, Analysts' Corner announced new research reports highlighting ConAgra Foods, Inc. (NYSE: CAG), Green Mountain Coffee Roasters Inc. (NASDAQ: GMCR), Mead Johnson Nutrition Company (NYSE: MJN), Campbell Soup Co. (NYSE: CPB), and Ingredion Incorporated (NYSE: INGR). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
ConAgra Foods, Inc. Research Report
On September 10, 2013, ConAgra Foods Inc. (ConAgra Foods) announced that it has revised its outlook for FY 2014 diluted EPS and now expects it to be in the range of $2.34 to 2.38, below its previous outlook of approximately $2.40. ConAgra Foods stated that the revised estimates represent 8% to 10% YoY growth; and reflects the lower than planned Q1 FY 2014 EPS which resulted principally due to difficult conditions for some branded retail categories and negatively impacted sales and profits by some customers in the Consumer Foods segment. The Company informed that it is adjusting its merchandising, promotion, and pricing strategies for its retail brands in order to improve the Consumer Foods segment's sales and profit performance as FY 2014 progresses. The Company also informed that it will discuss its actual performance of Q1 FY 2014 on its scheduled earning release on September 19, 2013. The Full Research Report on ConAgra Foods, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/1115_CAG]
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Green Mountain Coffee Roasters Inc. Research Report
On September 4, 2013, Green Mountain Coffee Roasters, Inc. (GMCR) announced that it has entered into an agreement with Campbell Soup Co. which will bring together Campbell's - the number one soup brand in the US and Keurig - the number one coffee brewer brand in the US by dollar sales. The Company informed that Campbell's Fresh-Brewed Soup K-Cup packs will offer consumers the taste and experience of Campbell's soups in a convenient snack that can be prepared at the touch of a button in Keurig brewers. "Campbell's is an iconic brand that shares our focus on harnessing innovation to delight consumers - making them an ideal partner as we take this first step beyond beverages for the Keurig system," said Brian P. Kelley, President and CEO of GMCR. "The union of Campbell's great taste and the speed and convenience of Keurig invites new consumption occasions and positions both companies to better meet the growing snacking needs of consumers in the U.S." GMCR informed that the Companies plan to launch three varieties of the new soup, including Homestyle Chicken Broth & Noodle, in 2014. The Full Research Report on Green Mountain Coffee Roasters Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/c00d_GMCR]
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Mead Johnson Nutrition Company Research Report
On September 11, 2013, Mead Johnson Nutrition Co. (Mead Johnson) announced that its Board of Directors has approved a new repurchase authorization of $500 million of the Company's common stock. Mead Johnson informed that under the new program, shares will be repurchased from time-to-time in the open market or in privately negotiated transactions, and is intended to offset the dilutive impact on earnings from equity-based compensation and allow for opportunistic stock purchases to return capital to shareholders. Jim Cornelius, Chairman of the Mead Johnson Board said, "This new authority established by the board reflects confidence in the company's future - both in terms of business prospects and ability to generate strong cash flow, In addition to utilizing that cash flow to drive profitable growth and pay dividends, we believe that returning cash to shareholders in the form of stock repurchases is another way to deliver on the company's commitment to enhance shareholder value." The Full Research Report on Mead Johnson Nutrition Company - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/eb43_MJN]
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Campbell Soup Co. Research Report
On September 12, 2013, Campbell Soup Co. (Campbell) announced that it has been named to the Dow Jones Sustainability North America Index for the 5th consecutive year and to the Dow Jones Sustainability World Index for the fourth consecutive year. According to the Company, these independent rankings recognize the Company's leadership in supporting long-term shareowner value while creating a more sustainable environment and making a measurable difference in its communities. Dave Stangis, Campbell's Vice President-Public Affairs and Corporate Responsibility said, "Campbell's ongoing inclusion in the Dow Jones Sustainability Indices is evidence that we are making progress in our Corporate Social Responsibility efforts," The Company stated that the Dow Jones Sustainability Indexes has recognized Campbell's progress in various areas including: health & nutrition, operational eco-efficiency, environmental reporting, social reporting and more. The Full Research Report on Campbell Soup Co. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/1d9e_CPB]
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Ingredion Incorporated Research Report
On September 3, 2013, Ingredion Inc. (Ingredion) announced that it has been included on FORTUNE magazine's 2013 Fastest-Growing Companies list. Ingredion informed that it was ranked 71, and is the first year that the Company has made it to this list. Ilene Gordon, Ingredion Chairman, President and CEO said, "We are thrilled to be included on the list of the fastest-growing companies. It reflects our efforts to achieve world-class performance and deliver meaningful shareholder value, even in the face of strong economic headwinds." The Full Research Report on Ingredion Incorporated - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/0f4c_INGR]
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