Kellogg (NYSE: K), Dollar General (NYSE: DG), Anadarko Petroleum (NYSE: APC), AnnTaylor Stores Corp. (NYSE: ANN), Las Vegas Sands Corp. (NYSE: LVS) and MasterCard (NYSE: MA) had ratings and price targets on them adjusted by analysts.
JPMorgan Chase & Co. (JPM) initiated coverage on Dollar General (DG). They placed a “Neutral” rating on the company.
Credit Suisse initiated coverage on Anadarko Petroleum (APC). They placed a “Neutral” rating and a price target of $89.00 on the company.
AnnTaylor Stores Corp. (ANN) had its “Buy” rating reiterated by Nomura (NYSE:NMR).
Kellogg (K) had its price target raised by Deutsche Bank (NYSE:DB) to $51.00.
Las Vegas Sands Corp. (LVS) had its price target raised by Brean Murray from $54.00 to $57.00. They have a “Buy” rating on the company.
MasterCard (MA) had its price target raised by Oppenheimer (NYSE:OPY)to $400.00.
Showing posts with label Kellogg. Show all posts
Showing posts with label Kellogg. Show all posts
Monday, February 6, 2012
Thursday, November 17, 2011
NIKE (NKE) (K) (L) (IDIX) (IPGP) (LAMR) (LXK) (MYGN) (NST) Upgraded
NIKE, Inc. (NYSE: NKE), Kellogg (NYSE: K), Loews Corporation (NYSE: L), Idenix Pharmaceuticals, Inc. (NASDAQ: IDIX), IPG Photonics Co. (NASDAQ: IPGP), Lamar Advertising Company (NASDAQ: LAMR), Lexmark International, Inc. (NYSE: LXK), Myriad Genetics (NASDAQ: MYGN) and NStar (NYSE: NST) were upgraded by analysts.
NIKE, Inc. (NKE) was upgraded by Goldman Sachs (NYSE:GS) from a “Neutral” rating to a “Buy” rating.
Kellogg (K) was upgraded by Jefferies (NYSE:JEF) from an “Underperform” rating to a “Hold” rating. They have a price target of $47.00 on the company.
Loews Corporation (L) was upgraded by TheStreet to a “Buy” rating.
Idenix Pharmaceuticals, Inc. (IDIX) was upgraded by Wedbush from a “Neutral” rating to an “Outperform” rating. They have a price target of $11.00 on the company.
IPG Photonics Co. (IPGP) was upgraded by Needham & Company from a “Hold” rating to a “Buy” rating. They have a price target of $60.00 on the company.
Lamar Advertising Company (LAMR) was upgraded by Wedbush from a “Neutral” rating to an “Outperform” rating. They have a price target of $27.00 on the company.
Lexmark International, Inc. (LXK) was upgraded by TheStreet to a “Buy” rating.
Myriad Genetics (MYGN) was upgraded by Ticonderoga from a “Neutral” rating to a “Market Perform” rating. They have a price target of $25.00 on the company.
NStar (NST) was upgraded by Bank of America (NYSE:BAC) from a “Neutral” rating to a “Buy” rating. They have a price target of $49.00 on the company.
NIKE, Inc. (NKE) was upgraded by Goldman Sachs (NYSE:GS) from a “Neutral” rating to a “Buy” rating.
Kellogg (K) was upgraded by Jefferies (NYSE:JEF) from an “Underperform” rating to a “Hold” rating. They have a price target of $47.00 on the company.
Loews Corporation (L) was upgraded by TheStreet to a “Buy” rating.
Idenix Pharmaceuticals, Inc. (IDIX) was upgraded by Wedbush from a “Neutral” rating to an “Outperform” rating. They have a price target of $11.00 on the company.
IPG Photonics Co. (IPGP) was upgraded by Needham & Company from a “Hold” rating to a “Buy” rating. They have a price target of $60.00 on the company.
Lamar Advertising Company (LAMR) was upgraded by Wedbush from a “Neutral” rating to an “Outperform” rating. They have a price target of $27.00 on the company.
Lexmark International, Inc. (LXK) was upgraded by TheStreet to a “Buy” rating.
Myriad Genetics (MYGN) was upgraded by Ticonderoga from a “Neutral” rating to a “Market Perform” rating. They have a price target of $25.00 on the company.
NStar (NST) was upgraded by Bank of America (NYSE:BAC) from a “Neutral” rating to a “Buy” rating. They have a price target of $49.00 on the company.
Tuesday, November 8, 2011
Frontline (FRO) (IBI) (IDA) (ING) (K) (MED) Downgraded
Frontline Ltd. (NYSE: FRO), Interline Brands, Inc. (NYSE: IBI), IDACORP, Inc. (NYSE: IDA), ING Groep (NYSE: ING), Kellogg (NYSE: K) and Medifast, Inc. (NYSE: MED) were downgraded by analysts.
Frontline Ltd. (FRO) was downgraded by Deutsche Bank (NYSE:DB) from a “Buy” rating to a “Hold” rating. They have a price target of $5.00 on the company.
Interline Brands, Inc. (IBI) was downgraded by William Blair from an “Outperform” rating to a “Market Perform” rating.
IDACORP, Inc. (IDA) was downgraded by Ladenburg Thalmann to a “Neutral” rating. They have a price target of $43.00 on the company.
ING Groep (ING) was downgraded by Societe Generale from a “Buy” rating to a “Hold” rating.
Kellogg (K) was downgraded by William Blair from an “Outperform” rating to a “Market Perform” rating.
Medifast, Inc. (MED) was downgraded by Canaccord Genuity from a “Buy” rating to a “Hold” rating. They have a price target of $16.00 on the company.
Frontline Ltd. (FRO) was downgraded by Deutsche Bank (NYSE:DB) from a “Buy” rating to a “Hold” rating. They have a price target of $5.00 on the company.
Interline Brands, Inc. (IBI) was downgraded by William Blair from an “Outperform” rating to a “Market Perform” rating.
IDACORP, Inc. (IDA) was downgraded by Ladenburg Thalmann to a “Neutral” rating. They have a price target of $43.00 on the company.
ING Groep (ING) was downgraded by Societe Generale from a “Buy” rating to a “Hold” rating.
Kellogg (K) was downgraded by William Blair from an “Outperform” rating to a “Market Perform” rating.
Medifast, Inc. (MED) was downgraded by Canaccord Genuity from a “Buy” rating to a “Hold” rating. They have a price target of $16.00 on the company.
Monday, November 7, 2011
IRIS (IRIS) (ITT) (K) (KIRK) (MCHP) (OWW) (PAA) Upgraded
IRIS International, Inc. (NASDAQ: IRIS), ITT Industries (NYSE: ITT), Kellogg (NYSE: K), Kirkland’s, Inc. (NASDAQ: KIRK), Microchip Technology Inc. (NASDAQ: MCHP), Orbitz Worldwide, Inc. (NYSE: OWW) and Plains All Amererican (NYSE: PAA) were upgraded by analysts.
IRIS International, Inc. (IRIS) was upgraded by Feltl & Co. from a “Hold” rating to a “Buy” rating. They have a price target of $13.20 on the company, up from $11.00.
ITT Industries (ITT) was upgraded by Bank of America (NYSE:BAC) from an “Underperform” rating to a “Neutral” rating.
Kellogg (K) was upgraded by Jefferies (NYSE:JEF) from an “Underperform” rating to a “Hold” rating.
Kirkland’s, Inc. (KIRK) was upgraded by Piper Jaffray (NYSE:PJC) from a “Neutral” rating to an “Overweight” rating. They have a price target of $16.00 on the company.
Microchip Technology Inc. (MCHP) was upgraded by UBS AG (NYSE:UBS)from a “Neutral” rating to a “Buy” rating. They have a price target of $40.00 on the company, up from $33.50.
Orbitz Worldwide, Inc. (OWW) was upgraded by Piper Jaffray (NYSE:PJC) from an “Underweight” rating to a “Neutral” rating. They have a price target of $2.50 on the company.
Plains All Amererican (PAA) was upgraded by Wunderlich from a “Hold” rating to a “Buy” rating. They have a price target of $71.00 on the company, up from $67.00.
IRIS International, Inc. (IRIS) was upgraded by Feltl & Co. from a “Hold” rating to a “Buy” rating. They have a price target of $13.20 on the company, up from $11.00.
ITT Industries (ITT) was upgraded by Bank of America (NYSE:BAC) from an “Underperform” rating to a “Neutral” rating.
Kellogg (K) was upgraded by Jefferies (NYSE:JEF) from an “Underperform” rating to a “Hold” rating.
Kirkland’s, Inc. (KIRK) was upgraded by Piper Jaffray (NYSE:PJC) from a “Neutral” rating to an “Overweight” rating. They have a price target of $16.00 on the company.
Microchip Technology Inc. (MCHP) was upgraded by UBS AG (NYSE:UBS)from a “Neutral” rating to a “Buy” rating. They have a price target of $40.00 on the company, up from $33.50.
Orbitz Worldwide, Inc. (OWW) was upgraded by Piper Jaffray (NYSE:PJC) from an “Underweight” rating to a “Neutral” rating. They have a price target of $2.50 on the company.
Plains All Amererican (PAA) was upgraded by Wunderlich from a “Hold” rating to a “Buy” rating. They have a price target of $71.00 on the company, up from $67.00.
Friday, August 5, 2011
Tesoro (TSO) (K) (RIMM) (DUK) (HPQ) EPS Estimates Changed
Tesoro Co. (NYSE: TSO), Kellogg (NYSE: K), Research In Motion (NASDAQ: RIMM), Duke Energy Co. (NYSE: DUK) and Hewlett-Packard (NYSE: HPQ) EPS estimates adjusted by analysts.
UBS AG (NYSE:UBS) raised its EPS estimates on Tesoro Co. (TSO). They have a “Neutral” rating and a price target of $25.00 on the company.
Citigroup (NYSE:C) cut its EPS estimates on Kellogg (K). They have a “Buy” rating and a price target of $62.00 on the company. They cited valuation as the catalyst behind the call.
Sterne Agee cut its EPS estimates on Research In Motion (RIMM). They have a “Neutral” rating and a price target of $23.00 on the company.
Credit Suisse (NYSE:CS) raised its EPS estimates on Duke Energy Co. (DUK). They have a “Neutral” rating and a price target of $19.00 on the company.
Barclays Capital cut its EPS estimates on Hewlett-Packard (HPQ). They have an “Equal Weight” rating and a price target $37.00 on the company.
UBS AG (NYSE:UBS) raised its EPS estimates on Tesoro Co. (TSO). They have a “Neutral” rating and a price target of $25.00 on the company.
Citigroup (NYSE:C) cut its EPS estimates on Kellogg (K). They have a “Buy” rating and a price target of $62.00 on the company. They cited valuation as the catalyst behind the call.
Sterne Agee cut its EPS estimates on Research In Motion (RIMM). They have a “Neutral” rating and a price target of $23.00 on the company.
Credit Suisse (NYSE:CS) raised its EPS estimates on Duke Energy Co. (DUK). They have a “Neutral” rating and a price target of $19.00 on the company.
Barclays Capital cut its EPS estimates on Hewlett-Packard (HPQ). They have an “Equal Weight” rating and a price target $37.00 on the company.
Tuesday, May 17, 2011
Price Targets on (K) (MKC) (SJM) Raised
Price targets on Kellogg (NYSE: K), McCormick (NYSE: MKC) and J.M. Smucker Company (NYSE: SJM) were raised by analysts.
Deutsche Bank (NYSE:DB) raised their price target on Kellogg (K) from $60.00 to $62.00. They have a “buy” rating on the company.
Deutsche Bank raised their price target on McCormick (MKC) from $51.00 to $55.00. They have a “buy” rating on the company.
Deutsche Bank raised their price target on The J.M. Smucker Company (SJM) from $80.00 to $83.00. They have a “buy” rating on the company.
Deutsche Bank (NYSE:DB) raised their price target on Kellogg (K) from $60.00 to $62.00. They have a “buy” rating on the company.
Deutsche Bank raised their price target on McCormick (MKC) from $51.00 to $55.00. They have a “buy” rating on the company.
Deutsche Bank raised their price target on The J.M. Smucker Company (SJM) from $80.00 to $83.00. They have a “buy” rating on the company.
Price Targets on (K) (MKC) (SJM) Raised
Price targets on Kellogg (NYSE: K), McCormick (NYSE: MKC) and J.M. Smucker Company (NYSE: SJM) were raised by analysts.
Deutsche Bank (NYSE:DB) raised their price target on Kellogg (K) from $60.00 to $62.00. They have a “buy” rating on the company.
Deutsche Bank raised their price target on McCormick (MKC) from $51.00 to $55.00. They have a “buy” rating on the company.
Deutsche Bank raised their price target on The J.M. Smucker Company (SJM) from $80.00 to $83.00. They have a “buy” rating on the company.
Deutsche Bank (NYSE:DB) raised their price target on Kellogg (K) from $60.00 to $62.00. They have a “buy” rating on the company.
Deutsche Bank raised their price target on McCormick (MKC) from $51.00 to $55.00. They have a “buy” rating on the company.
Deutsche Bank raised their price target on The J.M. Smucker Company (SJM) from $80.00 to $83.00. They have a “buy” rating on the company.
Thursday, May 5, 2011
Price Targets on (KKR) (MEAS) (MELI) (K) (KAR) Updated by Analysts
Price targets on KKR (NYSE: KKR), Measurement Specialties, Inc. (NASDAQ: MEAS), MercadoLibre, Inc. (NASDAQ: MELI), Kellogg (NYSE: K) and KAR Auction Services Inc (NYSE: KAR) were updated by analysts.
Citigroup (NYSE:C) raised their price target on KKR (KKR) from $22.00 to $24.00.
Needham & Company raised their price target on Measurement Specialties, Inc. (MEAS) from $32.00 to $37.00. They have a “buy” rating on the company.
RBC Capital raised their price target on MercadoLibre, Inc. (MELI) from $78.00 to $95.00. They have an “outperform” rating on the company.
UBS AG (NYSE:UBS) raised their price target on Kellogg (K) from $59.00 to $63.00. They have a “buy” rating on the company.
Credit Suisse (NYSE:CS) raised their price target on KAR Auction Services Inc (KAR) from $20.00 to $22.00. They have an “outperform” rating on the company.
Citigroup (NYSE:C) raised their price target on KKR (KKR) from $22.00 to $24.00.
Needham & Company raised their price target on Measurement Specialties, Inc. (MEAS) from $32.00 to $37.00. They have a “buy” rating on the company.
RBC Capital raised their price target on MercadoLibre, Inc. (MELI) from $78.00 to $95.00. They have an “outperform” rating on the company.
UBS AG (NYSE:UBS) raised their price target on Kellogg (K) from $59.00 to $63.00. They have a “buy” rating on the company.
Credit Suisse (NYSE:CS) raised their price target on KAR Auction Services Inc (KAR) from $20.00 to $22.00. They have an “outperform” rating on the company.
Price Targets on (KAR) (K) (EXPD) (GRMN) (HCA) Updated by Analysts
Price targets on KAR Auction Services Inc (NYSE: KAR), Kellogg (NYSE: K), Expeditors International (NASDAQ: EXPD), Garmin Ltd. (NASDAQ: GRMN) and HCA Holdings Inc (NYSE: HCA) were updated by analysts.
RBC Capital raised their price target on KAR Auction Services Inc (KAR) from $16.00 to $19.00. They have an “outperform” rating on the company.
RBC Capital raised their price target on Kellogg (K) from $55.00 to $59.00. They have a “sector perform” rating on the company.
Credit Suisse (NYSE:CS) raised their price target on Expeditors International (EXPD) from $59.00 to $61.00. They have a “neutral” rating on the company.
Goldman Sachs (NYSE:GS) raised their price target on Garmin Ltd. (GRMN) to $35.00. They have a “neutral” rating on the company.
Goldman Sachs raised their price target on HCA Holdings Inc (HCA) to $40.00. They have a “buy” rating on the company.
RBC Capital raised their price target on KAR Auction Services Inc (KAR) from $16.00 to $19.00. They have an “outperform” rating on the company.
RBC Capital raised their price target on Kellogg (K) from $55.00 to $59.00. They have a “sector perform” rating on the company.
Credit Suisse (NYSE:CS) raised their price target on Expeditors International (EXPD) from $59.00 to $61.00. They have a “neutral” rating on the company.
Goldman Sachs (NYSE:GS) raised their price target on Garmin Ltd. (GRMN) to $35.00. They have a “neutral” rating on the company.
Goldman Sachs raised their price target on HCA Holdings Inc (HCA) to $40.00. They have a “buy” rating on the company.
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
Kellogg (K) Boosts Dividend for Third Quarter
Starting in the third quarter, shareholders in Kellogg (NYSE:K) will enjoy an increase of 6.2 percent in their quarterly dividends.
With investors looking for consistency in the volatile markets, dividends are increasingly being considered the deal-closer for investing in a number of stocks.
Kellogg will pay its regular 40.5 cents quarterly dividend on June 15. After that, the quarterly dividend will increase to 43 cents a share, which will cost the company an additional $36.7 million a year
For the company, apparent improvements in the economy, even though weak, has made them and others feel they don't need to hold as much cash as in the past.
Kellogg closed Friday at $57.27, gaining $0.43, or 0.76 percent.
With investors looking for consistency in the volatile markets, dividends are increasingly being considered the deal-closer for investing in a number of stocks.
Kellogg will pay its regular 40.5 cents quarterly dividend on June 15. After that, the quarterly dividend will increase to 43 cents a share, which will cost the company an additional $36.7 million a year
For the company, apparent improvements in the economy, even though weak, has made them and others feel they don't need to hold as much cash as in the past.
Kellogg closed Friday at $57.27, gaining $0.43, or 0.76 percent.
Dividend Yields for (PM) (HNZ) (CPB) (KFT) (K)
Indicated dividend yields for Standard & Poor's 500 Index companies Philip Morris International (PM), HJ Heinz Co (HNZ), Campbell Soup Co (CPB), Kraft Foods Inc (KFT) and Kellogg Co (K).
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.
Philip Morris International (PM) has a dividend yield of 3.69 percent on a declared dividend of $0.64. The payout ratio is 59.8 percent.
HJ Heinz Co (HNZ) has a dividend yield of 3.51 percent on a declared dividend of $0.45. The payout ratio is 52.8 percent.
Campbell Soup Co (CPB) has a dividend yield of 3.45 percent on a declared dividend of $0.29. The payout ratio is 40.6 percent.
Kraft Foods Inc (KFT) has a dividend yield of 3.45 percent on a declared dividend of $0.29. The payout ratio is 94.0 percent.
Kellogg Co (K) has a dividend yield of 3.00 percent on a declared dividend of $0.41. The payout ratio is 78.9 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.
Philip Morris International (PM) has a dividend yield of 3.69 percent on a declared dividend of $0.64. The payout ratio is 59.8 percent.
HJ Heinz Co (HNZ) has a dividend yield of 3.51 percent on a declared dividend of $0.45. The payout ratio is 52.8 percent.
Campbell Soup Co (CPB) has a dividend yield of 3.45 percent on a declared dividend of $0.29. The payout ratio is 40.6 percent.
Kraft Foods Inc (KFT) has a dividend yield of 3.45 percent on a declared dividend of $0.29. The payout ratio is 94.0 percent.
Kellogg Co (K) has a dividend yield of 3.00 percent on a declared dividend of $0.41. The payout ratio is 78.9 percent.
Tuesday, February 15, 2011
Kellogg (NYSE:K), General Mills (NYSE:GIS), Sara Lee (NYSE:SLE), Pepsico (NYSE:PEP) Good Investments
The branded food industry, represented by companies like Kellogg's (NYSE:K), General Mills (NYSE:GIS), Sara Lee (NYSE:SLE) and Pepsico (NYSE:PEP), are going to struggle for some time, as rising food prices will pressure margins, and even some boosts in food prices will be risky in light of people having the option of returning to generic food labels.
Increasing food demand and some weather conditions have resulted in the price of food skyrocketing, and as far as food demand goes, that isn't going to go away for a long time to come.
So where does that leave the branded food companies? In a very weak place. There's little they can do to combat the situation, and only raising prices can help them in their fight against shrinking margins and earnings, which is a limited option at best, and one they can only take so far.
Far better agricultural or food plays would be futures for some, and in those providing fertilizer and machinery to farmers. Food companies are going to be under immense pressure, and there is no doubt over the long term their business models will be questioned.
Other food areas that need to be watched closely are meat providers and restaurants, which will struggle in a very similar way as food companies, although restaurants may have some more options because not all food will rise, and they could spread price increases across the overall meal with not as much negative feedback.
Grocery store prices are watched on an individual item basis when prices are up, and shoppers quickly respond by going to a different item or category, such as generic mentioned above.
John Deere (NYSE:DE), Potash Corp. (NYSE:POT), Monsanto (NYSE:MON) Mosaic (NYSE:MOS) and Agrium (NYSE:AGU) are all solid plays whose products will be required to serve the growing demand for food, no matter what the end-product prices will be at the store.
Companies like these can pass input prices onto farmers, farmers onto processors and processors onto food companies. At that point, the limitations of the market come in, and there is less that can be done at that level than those before it.
That's not to say there aren't pressures below that level, as Monsanto found out with farmers who gravitated toward seeds from DuPont (NYSE:DD) when they felt the seed prices of Monsanto were too high. That was even with Monsanto having a superior seed, as far as measured by the number of traits.
All of that is part of the dynamic, but in the end, food companies are handed the least flexible situation, and will have the bulk of the challenge in how to overcome shrinking margins.
Increasing food demand and some weather conditions have resulted in the price of food skyrocketing, and as far as food demand goes, that isn't going to go away for a long time to come.
So where does that leave the branded food companies? In a very weak place. There's little they can do to combat the situation, and only raising prices can help them in their fight against shrinking margins and earnings, which is a limited option at best, and one they can only take so far.
Far better agricultural or food plays would be futures for some, and in those providing fertilizer and machinery to farmers. Food companies are going to be under immense pressure, and there is no doubt over the long term their business models will be questioned.
Other food areas that need to be watched closely are meat providers and restaurants, which will struggle in a very similar way as food companies, although restaurants may have some more options because not all food will rise, and they could spread price increases across the overall meal with not as much negative feedback.
Grocery store prices are watched on an individual item basis when prices are up, and shoppers quickly respond by going to a different item or category, such as generic mentioned above.
John Deere (NYSE:DE), Potash Corp. (NYSE:POT), Monsanto (NYSE:MON) Mosaic (NYSE:MOS) and Agrium (NYSE:AGU) are all solid plays whose products will be required to serve the growing demand for food, no matter what the end-product prices will be at the store.
Companies like these can pass input prices onto farmers, farmers onto processors and processors onto food companies. At that point, the limitations of the market come in, and there is less that can be done at that level than those before it.
That's not to say there aren't pressures below that level, as Monsanto found out with farmers who gravitated toward seeds from DuPont (NYSE:DD) when they felt the seed prices of Monsanto were too high. That was even with Monsanto having a superior seed, as far as measured by the number of traits.
All of that is part of the dynamic, but in the end, food companies are handed the least flexible situation, and will have the bulk of the challenge in how to overcome shrinking margins.
Monday, February 14, 2011
Bank of America (NYSE:BAC), JPMorgan Chase (NYSE:JPM), US Bancorp (NYSE:USB) Dumped by Nelson Peltz
Bank of America (NYSE:BAC), JPMorgan Chase (NYSE:JPM) and US Bancorp(NYSE:USB) were all dropped Nelson Peltz's Trian Partners, as he again targets his favorite sector: food stocks, according to a filing with the Securities and Exchange Commission.
The favorite holding added by Peltz's Trian Partners in the food sector for the fourth quarter is Kellogg (NYSE:K). Peltz added close to 1.5 million shares of the food giant for the quarter.
Kellogg, along with its competitors, recently announced they're going to have to raise food prices in order to maintain margins over the long term.
Kellogg was trading at $53.70, gaining $0.61, or 1.15 percent, as of 1:40 PM EST.
The favorite holding added by Peltz's Trian Partners in the food sector for the fourth quarter is Kellogg (NYSE:K). Peltz added close to 1.5 million shares of the food giant for the quarter.
Kellogg, along with its competitors, recently announced they're going to have to raise food prices in order to maintain margins over the long term.
Kellogg was trading at $53.70, gaining $0.61, or 1.15 percent, as of 1:40 PM EST.
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