ConAgra (NYSE: CAG), Syngenta AG (NYSE: SYT), Tenneco Inc. (NYSE: TEN), Virtusa Co. (NASDAQ: VRTU), First Busey Corp. (NASDAQ: BUSE) and BorgWarner Inc. (NYSE: BWA) getting new coverage from analysts.
Jefferies (NYSE:JEF) initiated coverage on Syngenta AG (SYT). They placed a “Buy” rating on the company.
RBC Capital initiated coverage on Tenneco Inc. (TEN). They placed a “Top Pick” rating on the company.
Janney Montgomery Scott initiated coverage on Virtusa Co. (VRTU). They placed a “Buy” rating on the company.
Sandler O'Neill initiated coverage on First Busey Corp. (BUSE). They placed a “Hold” rating on the company.
RBC Capital initiated coverage on BorgWarner Inc. (BWA). They placed an “Outperform” rating on the company.
Janney Montgomery Scott initiated coverage on ConAgra (CAG). They placed a “Buy” rating on the company.
Showing posts with label ConAgra. Show all posts
Showing posts with label ConAgra. Show all posts
Thursday, December 1, 2011
Thursday, May 5, 2011
Ralcorp (RAH) Tells ConAgra (CAG) No Marriage
ConAgra Foods (NYSE:CAG) evidently is showing they want Ralcorp (NYSE:RAH) very badly, as for the second time within a couple of months they made a bid for the leading producer of private label foods, and for the second time were rejected.
ConAgra had offered $83 a share for the company in March, and today offered $86 a share.
Ralcorp (RAH) has grown pretty quickly, and now stands at a little under half the market cap of ConAgra. If ConAgra does want them before they become too big to digest, they will probably have to bring in offer in the $90 range or more to secure a deal.
Competitors Kraft (NYSE:KFT), General Mills (NYSE:GIS), and Kellogg (NYSE:K) were trading mixed today.
Ralcorp was trading at $89.53, gaining $2.14, or 2.45 percent, as of 10:44 AM EDT.
ConAgra had offered $83 a share for the company in March, and today offered $86 a share.
Ralcorp (RAH) has grown pretty quickly, and now stands at a little under half the market cap of ConAgra. If ConAgra does want them before they become too big to digest, they will probably have to bring in offer in the $90 range or more to secure a deal.
Competitors Kraft (NYSE:KFT), General Mills (NYSE:GIS), and Kellogg (NYSE:K) were trading mixed today.
Ralcorp was trading at $89.53, gaining $2.14, or 2.45 percent, as of 10:44 AM EDT.
Monday, May 2, 2011
Dividend Yields for (WFMI) (RAI) (MO) (LO) (CAG)
Indicated dividend yields for Standard & Poor's 500 Index companies Whole Foods Market Inc (WFMI), Reynolds American Inc (RAI), Altria Group Inc (MO), Lorillard Inc (LO) and ConAgra Foods Inc (CAG) .
These dividend data indicate dividend yields of companies in the Standard & Poor's 500 Index as of Saturday, April 30. The yield is determined by taking the latest declared dividend, annualized and divided by the price of the stock. Payout ratios are calculated based on latest quarterly dividend paid divided by earnings.
Whole Foods Market Inc (WFMI) has a dividend yield of 0.64 percent on a declared dividend of $0.10. The payout ratio is 19.5 percent.
Reynolds American Inc (RAI) has a dividend yield of 5.71 percent on a declared dividend of $0.53. The payout ratio is 87.5 percent.
Altria Group Inc (MO) has a dividend yield of 5.67 percent on a declared dividend of $0.38. The payout ratio is 84.8 percent.
Lorillard Inc (LO) has a dividend yield of 4.88 percent on a declared dividend of $1.30. The payout ratio is 75.9 percent.
ConAgra Foods Inc (CAG) has a dividend yield of 3.76 percent on a declared dividend of $0.23. The payout ratio is 45.9 percent.
These dividend data indicate dividend yields of companies in the Standard & Poor's 500 Index as of Saturday, April 30. The yield is determined by taking the latest declared dividend, annualized and divided by the price of the stock. Payout ratios are calculated based on latest quarterly dividend paid divided by earnings.
Whole Foods Market Inc (WFMI) has a dividend yield of 0.64 percent on a declared dividend of $0.10. The payout ratio is 19.5 percent.
Reynolds American Inc (RAI) has a dividend yield of 5.71 percent on a declared dividend of $0.53. The payout ratio is 87.5 percent.
Altria Group Inc (MO) has a dividend yield of 5.67 percent on a declared dividend of $0.38. The payout ratio is 84.8 percent.
Lorillard Inc (LO) has a dividend yield of 4.88 percent on a declared dividend of $1.30. The payout ratio is 75.9 percent.
ConAgra Foods Inc (CAG) has a dividend yield of 3.76 percent on a declared dividend of $0.23. The payout ratio is 45.9 percent.
Thursday, December 23, 2010
ConAgra (NYSE:CAG), Campbells (NYSE:CPB), General Mills (NYSE:GIS) Face Unpredictability
According to Barclays (NYSE:BCS), they see the models being used to evaluate companies like ConAgra (NYSE:CAG), Campbells (NYSE:CPB) and General Mills (NYSE:GIS) as being completely wrong, and they face a time of unpredictability going forward.
Barclays said, "What has become very clear to us over the last several quarters is that all of "our" models - and by that we mean both company and Wall Street models - have been inaccurate in assessing just how difficult the past two quarters would be for the food group. Looking forward, these same models may well prove just as wrong in predicting how achievable EPS growth acceleration might be over the next two quarters. Recall that Consensus estimates now imply about +11% EPS growth in F2H for such companies as CAG, Campbells, General Mills, etc. - vs. relatively anemic growth in F1H -- and call for a "hockey stick" cadence to their fiscal years.
"In our view, this sort of operating backdrop calls for a so-called "80% solution", as CPB CEO Conant recently termed it. That is, the reality is, in such an uncertain environment with an ever-shifting consumer, we believe food companies can't afford to wait for total clarity regarding strategic direction before acting. Instead, they must hope that they're "right enough" and be quick to course correct as circumstances change."
Barclays maintains an "Equalweight" on ConAgra, which closed Wednesday at $22.49, up $0.09, or 0.40 percent. Barclays has a price target on them of $25.
Campbell Soup closed at $34.33, down $0.23, or 0.67 percent. General Mills closed at $35.61, up $0.18, or 0.51 percent.
Barclays said, "What has become very clear to us over the last several quarters is that all of "our" models - and by that we mean both company and Wall Street models - have been inaccurate in assessing just how difficult the past two quarters would be for the food group. Looking forward, these same models may well prove just as wrong in predicting how achievable EPS growth acceleration might be over the next two quarters. Recall that Consensus estimates now imply about +11% EPS growth in F2H for such companies as CAG, Campbells, General Mills, etc. - vs. relatively anemic growth in F1H -- and call for a "hockey stick" cadence to their fiscal years.
"In our view, this sort of operating backdrop calls for a so-called "80% solution", as CPB CEO Conant recently termed it. That is, the reality is, in such an uncertain environment with an ever-shifting consumer, we believe food companies can't afford to wait for total clarity regarding strategic direction before acting. Instead, they must hope that they're "right enough" and be quick to course correct as circumstances change."
Barclays maintains an "Equalweight" on ConAgra, which closed Wednesday at $22.49, up $0.09, or 0.40 percent. Barclays has a price target on them of $25.
Campbell Soup closed at $34.33, down $0.23, or 0.67 percent. General Mills closed at $35.61, up $0.18, or 0.51 percent.
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