The The Board of Directors of Corn Products International, Inc. (NYSE:CPO) raised the quarterly dividend of the company by 14 percent to 16 cents a share, up from 14 cents a share previously.
The dividend is payable on July 25, 2011, to stockholders of record at the close of business on June 30, 2011.
Corn Products International, Inc., which manufactures and markets a variety of food ingredients to food and industrial customers in North America, South America, Asia, and Africa, has soared 58 percent over the last year.
Corn Products International closed Wednesday at $53.85, gaining $0.77, or 1.45 percent.
Showing posts with label Corn Products. Show all posts
Showing posts with label Corn Products. Show all posts
Thursday, May 19, 2011
Monday, May 16, 2011
Monsanto (MON) (ADM) (BG) (CPO) (DD) Trade Mixed as Grain Prices Fall
Companies with exposure to major grains like Archer Daniels Midland Company (ADM), Bunge Ltd. (BG), Corn Products International (CPO), Monsanto (MON) and DuPont (DD) were under pressure last week as corn and wheat prices fell and soybeans were for the most part about level.
Bunge was the only company that traded positive Friday.
Expectations are prices should rebound in the weeks ahead because of supply concerns coming from the impact of the weather on planting, which is behind schedule in a large number of cases.
Archer Daniels Midland Company (ADM) closed Friday at $32.20, dropping $0.10, or 0.31 percent. Bunge traded up to close at $73.00, gaining $0.53, or 0.73 percent. Monsanto closed at $63.79, falling $0.22, or 0.34 percent.
Bunge was the only company that traded positive Friday.
Expectations are prices should rebound in the weeks ahead because of supply concerns coming from the impact of the weather on planting, which is behind schedule in a large number of cases.
Archer Daniels Midland Company (ADM) closed Friday at $32.20, dropping $0.10, or 0.31 percent. Bunge traded up to close at $73.00, gaining $0.53, or 0.73 percent. Monsanto closed at $63.79, falling $0.22, or 0.34 percent.
Wednesday, May 4, 2011
Price Targets (ADP) (AEIS) (CPO) (FN) Updated by Analysts
Analysts updated price targets on Automatic Data Processing Incorporated (NYSE: ADP), Advanced Energy Industries, Inc. (NASDAQ: AEIS), Corn Products International, Inc. (NYSE: CPO) and Fabrinet Ordinary (NYSE: FN).
Barclays Capital raised their price target on Automatic Data Processing Incorporated (ADP) from $54.00 to $60.00. They have an “overweight” rating on the company.
Needham & Company raised their price target on Advanced Energy Industries, Inc. (AEIS) from $18.00 to $20.00. They have a “buy” rating on the company.
Deutsche Bank (NYSE:DB) raised its price target on Corn Products International, Inc. (CPO) from $51.00 to $62.00. They have a “hold” rating on the company.
Deutsche Bank raised their price target on Fabrinet (FN) from $24.00 to $27.00. They have a “buy” rating on the company.
Barclays Capital raised their price target on Automatic Data Processing Incorporated (ADP) from $54.00 to $60.00. They have an “overweight” rating on the company.
Needham & Company raised their price target on Advanced Energy Industries, Inc. (AEIS) from $18.00 to $20.00. They have a “buy” rating on the company.
Deutsche Bank (NYSE:DB) raised its price target on Corn Products International, Inc. (CPO) from $51.00 to $62.00. They have a “hold” rating on the company.
Deutsche Bank raised their price target on Fabrinet (FN) from $24.00 to $27.00. They have a “buy” rating on the company.
Tuesday, May 3, 2011
Price Targets on (CPO) (CRK) (DE) (DISH) (DNDN) Updated
Price targets on Corn Products International, Inc. (NYSE: CPO), Comstock Resources Inc (NYSE: CRK), Deere & Company (NYSE: DE), DISH (NASDAQ: DISH) and Dendreon Co. (NASDAQ: DNDN) were updated today by analysts.
Citigroup (NYSE:C) raised their price target on Corn Products International, Inc. (CPO) from $60.00 to $70.00. They have a “buy” rating on the company.
Howard Weil raised their price target on Comstock Resources Inc (CRK) from $31.00 to $37.00. They have an “outperform” rating on the company.
Goldman Sachs (NYSE:GS) raised their price target on Deere & Company (DE) to $109.00. They have a “neutral” rating on the company.
RBC Capital raised their price target on DISH (DISH) from $30.00 to $35.00. They have an “outperform” rating on the company.
Brean Murray cut their price target on Dendreon Co. (DNDN) from $65.00 to $60.00. They have a “buy” rating on the company.
Citigroup (NYSE:C) raised their price target on Corn Products International, Inc. (CPO) from $60.00 to $70.00. They have a “buy” rating on the company.
Howard Weil raised their price target on Comstock Resources Inc (CRK) from $31.00 to $37.00. They have an “outperform” rating on the company.
Goldman Sachs (NYSE:GS) raised their price target on Deere & Company (DE) to $109.00. They have a “neutral” rating on the company.
RBC Capital raised their price target on DISH (DISH) from $30.00 to $35.00. They have an “outperform” rating on the company.
Brean Murray cut their price target on Dendreon Co. (DNDN) from $65.00 to $60.00. They have a “buy” rating on the company.
Thursday, December 16, 2010
Corn Products (NYSE:CPO) to Deliver Less Volume Growth
Volume growth for Corn Products (NYSE:CPO) will be a challenge in 2011, based upon shrinking carbonated soft drink volume.
Jefferies (NYSE:JEF) said, "Corn Products will still deliver low to mid single-digit volume growth driven by a diminished carbonated soft drink volume headwind, continued growth of HFCS exports to Mexico, 3-4% GDP growth in key international markets, and a persistent price premium for U.S. sugar vs. HFCS."
EPS/revenues estimates on Corn Products for full year 2010 and full year 2011 are $2.95/$4.31 billion and $3.77/$5.63 billion.
Jefferies launched coverage on Corn Products today with a "Hold" rating. They were trading at $46.75, down $0.02, or 0.04 percent, as of 1:57 PM EST. Jefferies has a price target of $50 on them.
Jefferies (NYSE:JEF) said, "Corn Products will still deliver low to mid single-digit volume growth driven by a diminished carbonated soft drink volume headwind, continued growth of HFCS exports to Mexico, 3-4% GDP growth in key international markets, and a persistent price premium for U.S. sugar vs. HFCS."
EPS/revenues estimates on Corn Products for full year 2010 and full year 2011 are $2.95/$4.31 billion and $3.77/$5.63 billion.
Jefferies launched coverage on Corn Products today with a "Hold" rating. They were trading at $46.75, down $0.02, or 0.04 percent, as of 1:57 PM EST. Jefferies has a price target of $50 on them.
Monday, November 22, 2010
Potash (NYSE:POT), Monsanto (NYSE:MON), Mosaic (NYSE:MOS), CF Industries (NYSE:CF) Has Attractive Valuations Says Morgan Stanley (NYSE:MS)
Saying they believe corn prices at about $5 a bushel appear to be sustainable, Morgan Stanley (NYSE:MS) sees a number of companies in the agricultural sector doing well based on strong valuations, including Potash (NYSE:POT), Monsanto (NYSE:MON), Mosaic (NYSE:MOS) and CF Industries (NYSE:CF).
As far as processing companies, Morgan Stanley likes Archer Daniels Midland (NYSE:ADM) over competitors Corn Products (NYSE:CPO) or Bunge (NYSE:BG).
Potash was trading at $140.62, up by $0.37, or 0.26 percent at 12:00 PM EST. Monsanto was at $60.71, gaining $1.26, or 2.12 percent. Mosaic was at $70.01, dropping $0.04, or 0.06 percent. CF Industries was up to $118.09, rising by $0.38, or 0.32 percent.
Archer Daniels Midland traded at $29.61, down $0.05, or 0.17 percent.
Corn Products was at $44.75, falling by $0.54, or 1.19 percent. Bunge dropped to $61.09, down by $0.43, or 0.70 percent.
As far as processing companies, Morgan Stanley likes Archer Daniels Midland (NYSE:ADM) over competitors Corn Products (NYSE:CPO) or Bunge (NYSE:BG).
Potash was trading at $140.62, up by $0.37, or 0.26 percent at 12:00 PM EST. Monsanto was at $60.71, gaining $1.26, or 2.12 percent. Mosaic was at $70.01, dropping $0.04, or 0.06 percent. CF Industries was up to $118.09, rising by $0.38, or 0.32 percent.
Archer Daniels Midland traded at $29.61, down $0.05, or 0.17 percent.
Corn Products was at $44.75, falling by $0.54, or 1.19 percent. Bunge dropped to $61.09, down by $0.43, or 0.70 percent.
Monday, November 10, 2008
Bunge Ltd Ends Bid to Acquire Corn Products International
When the board of Corn Products International (CPO) recently announced it could no longer support the acquisition bid from Bunge Ltd (BG) for the company, the deal had little chance of going forward, and Bunge confirmed that today, announcing it had withdrawn its bid.
The primary reason wasn't the credit markets, because the deal was to be financed with stock. Rather, it was the fall in stock price of Bunge which made the deal undesirable to the Corn Products board.
Bunge was hoping to become a significant player in the finished corn products market, expanding from its core food processing business.
Now that the deal won't go forward, we'll probably see a new CEO announced soon to replace outgoing Corn Products CEO Sam Scott.
The primary reason wasn't the credit markets, because the deal was to be financed with stock. Rather, it was the fall in stock price of Bunge which made the deal undesirable to the Corn Products board.
Bunge was hoping to become a significant player in the finished corn products market, expanding from its core food processing business.
Now that the deal won't go forward, we'll probably see a new CEO announced soon to replace outgoing Corn Products CEO Sam Scott.
Wednesday, September 3, 2008
Bunge Ltd. Clears Regulatory Hurdle for Corn Products Deal
The Hart-Scott-Rodino Antitrust Improvements Act has been successfully fulfilled by Bunge Ltd. in its quest to acquire Corn Products International. It involved satisfying a required regulatory waiting period.
While international clearance and approval by shareholders is still waiting in the wings, the deal is expected to close sometime in the fourth quarter.
Bunge sells a number of agricultural commodities and food products. The price range of the stock has traded in a wide swoth of $84 to $135 over the last year.
Bunge has offered about $4.8 billion for Corn Products, which includes assuming about $414 million in debt.
Corn Products will continue operating under its existing brand name.
While international clearance and approval by shareholders is still waiting in the wings, the deal is expected to close sometime in the fourth quarter.
Bunge sells a number of agricultural commodities and food products. The price range of the stock has traded in a wide swoth of $84 to $135 over the last year.
Bunge has offered about $4.8 billion for Corn Products, which includes assuming about $414 million in debt.
Corn Products will continue operating under its existing brand name.
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