Newfield Exploration Co. (NFX), SandRidge Permian Trust (PER), Philip Morris (PM), Sonus Networks, Inc. (SONS), Watts Water Technologies, Inc. (WTS), Rogers Communications Inc. (RCI) and Rockwood Holdings, Inc. (ROC) had ratings and price targets on them adjusted by analysts.
Newfield Exploration Co. (NFX) was downgraded by Deutsche Bank (DB) from a "Buy" rating to a "Hold" rating.
SandRidge Permian Trust (PER) was downgraded by Raymond James (RJF) from an "Outperform" rating to a "Market Perform" rating.
Philip Morris (PM) was downgraded by Nomura (NMR) from a "Neutral" rating to a "Reduce" rating.
Sonus Networks, Inc. (SONS) was downgraded by Miller Tabak from a "Buy" rating to a "Neutral" rating.
Watts Water Technologies, Inc. (WTS) was downgraded by Sterne Agee from a "Buy" rating to a "Neutral" rating.
Rogers Communications Inc. (RCI) was downgraded by BMO Capital Markets from an "Outperform" rating to a "Market Perform" rating.
Rockwood Holdings, Inc. (ROC) was downgraded by JPMorgan Chase & Co. (JPM) from an "Overweight" rating to a "Neutral" rating.
Showing posts with label Philip Morris International. Show all posts
Showing posts with label Philip Morris International. Show all posts
Wednesday, February 22, 2012
Wednesday, January 11, 2012
PLX (PLXT) (UAM) (PM) (PRIM) (PSO) (TNC) Ratings, Price Targets
PLX Technology (NASDAQ: PLXT), Universal American (NYSE: UAM), Philip Morris (NYSE: PM), Primoris Services (NASDAQ: PRIM), Pearson PLC (NYSE: PSO) and Tennant (NYSE: TNC) ratings and price targets.
Universal American (UAM) had its “hold” rating reiterated by Deutsche Bank (NYSE:DB).
Philip Morris (PM) had its price target raised by Bank of America (NYSE:BAC) to $85.00.
PLX Technology (PLXT) was downgraded by Zacks Investment Research from a “neutral” rating to an “underperform” rating.
Primoris Services (PRIM) was downgraded by Zacks Investment Research from an “outperform” rating to a “neutral” rating.
Pearson PLC (PSO) was downgraded by Zacks Investment Research from a “neutral” rating to an “underperform” rating.
Tennant (TNC) was upgraded by Zacks Investment Research from a “neutral” rating to an “outperform” rating.
Universal American (UAM) had its “hold” rating reiterated by Deutsche Bank (NYSE:DB).
Philip Morris (PM) had its price target raised by Bank of America (NYSE:BAC) to $85.00.
PLX Technology (PLXT) was downgraded by Zacks Investment Research from a “neutral” rating to an “underperform” rating.
Primoris Services (PRIM) was downgraded by Zacks Investment Research from an “outperform” rating to a “neutral” rating.
Pearson PLC (PSO) was downgraded by Zacks Investment Research from a “neutral” rating to an “underperform” rating.
Tennant (TNC) was upgraded by Zacks Investment Research from a “neutral” rating to an “outperform” rating.
Monday, January 9, 2012
DCP (DPM) (PM) (RAI) (RFMD) (CSFL) (DFT) Downgraded
DCP Midstream Partners, LP (NYSE: DPM), Philip Morris (NYSE: PM), Reynolds American, Inc. (NYSE: RAI), RF Micro Device (NASDAQ: RFMD), CenterState Banks, Inc. (NASDAQ: CSFL) and DuPont Fabros Technology, Inc. (NYSE: DFT) were downgraded by analysts.
Philip Morris (PM) was downgraded by Davenport from a “Buy” rating to a “Neutral” rating.
Reynolds American, Inc. (RAI) was downgraded by Davenport from a “Buy” rating to a “Neutral” rating.
RF Micro Device (RFMD) was downgraded by DA Davidson from a “Buy” rating to a “Neutral” rating. They lowered their price target on the company from $7.00 to $5.00.
CenterState Banks, Inc. (CSFL) was downgraded by Keefe, Bruyette & Woods, Inc from an “Outperform” rating to a “Market Perform” rating.
DuPont Fabros Technology, Inc. (DFT) was downgraded by Macquarie from an “Outperform” rating to a “Neutral” rating.
DCP Midstream Partners, LP (DPM) was downgraded by Bank of America (NYSE:BAC) to a “Neutral” rating.
Philip Morris (PM) was downgraded by Davenport from a “Buy” rating to a “Neutral” rating.
Reynolds American, Inc. (RAI) was downgraded by Davenport from a “Buy” rating to a “Neutral” rating.
RF Micro Device (RFMD) was downgraded by DA Davidson from a “Buy” rating to a “Neutral” rating. They lowered their price target on the company from $7.00 to $5.00.
CenterState Banks, Inc. (CSFL) was downgraded by Keefe, Bruyette & Woods, Inc from an “Outperform” rating to a “Market Perform” rating.
DuPont Fabros Technology, Inc. (DFT) was downgraded by Macquarie from an “Outperform” rating to a “Neutral” rating.
DCP Midstream Partners, LP (DPM) was downgraded by Bank of America (NYSE:BAC) to a “Neutral” rating.
Friday, November 18, 2011
NetApp (NTAP) (NTES) (ORCL) (PETM) (PM) (SBH) Price Targets Changed
NetApp Inc. (NASDAQ: NTAP), Netease.com Inc. (NASDAQ: NTES), Oracle (NASDAQ: ORCL), Petsmart Inc. (NASDAQ: PETM), Philip Morris (NYSE: PM) and Sally Beauty Holdings Inc. (NYSE: SBH) had their price targets adjusted by analysts.
NetApp Inc. (NTAP) had its price target lowered by Needham & Company from $51.00 to $47.00. They have a “Buy” rating on the company.
Netease.com Inc. (NTES) had its price target raised by Oppenheimer from $55.00 to $60.00. They have an “Outperform” rating on the company.
Oracle (ORCL) had its price target raised by JPMorgan Chase & Co. (NYSE:JPM) to $40.00.
Petsmart Inc. (PETM) had its price target raised by UBS AG (NYSE:UBS) from $53.00 to $55.00. They have a “Buy” rating on the company.
Philip Morris (PM) had its price target raised by Stifel Nicolaus from $75.00 to $80.00. They have a “Buy” rating on the company.
Sally Beauty Holdings Inc. (SBH) had its price target raised by RBC Capital from $19.00 to $22.00. They have a “Sector Perform” rating on the company.
NetApp Inc. (NTAP) had its price target lowered by Needham & Company from $51.00 to $47.00. They have a “Buy” rating on the company.
Netease.com Inc. (NTES) had its price target raised by Oppenheimer from $55.00 to $60.00. They have an “Outperform” rating on the company.
Oracle (ORCL) had its price target raised by JPMorgan Chase & Co. (NYSE:JPM) to $40.00.
Petsmart Inc. (PETM) had its price target raised by UBS AG (NYSE:UBS) from $53.00 to $55.00. They have a “Buy” rating on the company.
Philip Morris (PM) had its price target raised by Stifel Nicolaus from $75.00 to $80.00. They have a “Buy” rating on the company.
Sally Beauty Holdings Inc. (SBH) had its price target raised by RBC Capital from $19.00 to $22.00. They have a “Sector Perform” rating on the company.
Monday, July 25, 2011
PepsiCo (PEP) (PM) (NYB) (NCR) (HGSI) (IR) Price Targets Changed
PepsiCo, Inc. (NYSE: PEP), Philip Morris (NYSE: PM), New York Community Bancorp, Inc. (NYSE: NYB), NCR Corp. (NYSE: NCR), Human Genome Sciences (NASDAQ: HGSI) and Ingersoll-Rand (NYSE: IR) price targets adjusted by analysts.
Morgan Stanley (NYSE: MS) lowered its price target on PepsiCo, Inc. (PEP) to $75.00. They have an “Overweight” rating on the company.
Stifel Nicolaus raised its price target on Philip Morris (PM) from $74.00 to $78.00. They have a “Buy” rating on the company.
FBR Capital cut its price target on New York Community Bancorp, Inc. (NYB) $19.00 to $17.00. They have an “Outperform” rating on the company.
Goldman Sachs (NYSE: GS) raised its price target on NCR Corp. (NCR) to $25.00. They have a “Buy” rating on the company.
RBC Capital lowered its price target on Human Genome Sciences (HGSI) from $38.00 to $32.00. They have an “Outperform” rating on the company.
UBS AG (NYSE: UBS) slashed its price target on Ingersoll-Rand (IR) from $50.00 to $45.00. They have a “Neutral” rating on the company.
Morgan Stanley (NYSE: MS) lowered its price target on PepsiCo, Inc. (PEP) to $75.00. They have an “Overweight” rating on the company.
Stifel Nicolaus raised its price target on Philip Morris (PM) from $74.00 to $78.00. They have a “Buy” rating on the company.
FBR Capital cut its price target on New York Community Bancorp, Inc. (NYB) $19.00 to $17.00. They have an “Outperform” rating on the company.
Goldman Sachs (NYSE: GS) raised its price target on NCR Corp. (NCR) to $25.00. They have a “Buy” rating on the company.
RBC Capital lowered its price target on Human Genome Sciences (HGSI) from $38.00 to $32.00. They have an “Outperform” rating on the company.
UBS AG (NYSE: UBS) slashed its price target on Ingersoll-Rand (IR) from $50.00 to $45.00. They have a “Neutral” rating on the company.
Monday, July 18, 2011
Mattel (MAT) (PM) (QCOM) (RECN) (VMW) Ratings Reiterated
Mattel, Inc. (NYSE: MAT), Philip Morris (NYSE: PM), QUALCOMM, Inc. (NASDAQ: QCOM), Resources Connection, Inc. (NASDAQ: RECN) and VMware, Inc. (NYSE: VMW) have ratings reiterated by analysts.
Mattel, Inc. (MAT) ratings were reiterated a “buy” by Jefferies (NYSE: JEF).
Philip Morris (PM) ratings were reiterated “buy” by Goldman Sachs (NYSE: GS). They have a price target of $74.00 on the company.
QUALCOMM, Inc. (QCOM) ratings were reiterated “overweight” by analysts at Morgan Stanley (NYSE: MS).
Resources Connection, Inc. (RECN) ratings were reiterated “market perform” by Oppenheimer.
VMware, Inc. (VMW) ratings were reiterated “buy” by Bank of America (NYSE: BAC).
Mattel, Inc. (MAT) ratings were reiterated a “buy” by Jefferies (NYSE: JEF).
Philip Morris (PM) ratings were reiterated “buy” by Goldman Sachs (NYSE: GS). They have a price target of $74.00 on the company.
QUALCOMM, Inc. (QCOM) ratings were reiterated “overweight” by analysts at Morgan Stanley (NYSE: MS).
Resources Connection, Inc. (RECN) ratings were reiterated “market perform” by Oppenheimer.
VMware, Inc. (VMW) ratings were reiterated “buy” by Bank of America (NYSE: BAC).
Wednesday, May 18, 2011
Ratings on (ISRG) (MCC) (PLT) (PM) (SBUX) Reiterated
Ratings on Intuitive Surgical, Inc. (NASDAQ: ISRG), Medley Capital (NYSE: MCC), Plantronics (NYSE: PLT), Philip Morris (NYSE: PM) and Starbucks (NASDAQ: SBUX) reiterated by analysts.
Morgan Keegan reiterated a “market perform” rating on Intuitive Surgical, Inc. (ISRG).
Gilford Securities reiterated a “buy” rating on Medley Capital (MCC).
Wedbush reiterated a “neutral” rating on Plantronics (PLT).
Morgan Stanley (NYSE:MS) reiterated an “overweight” rating on Philip Morris (PM).
Morgan Stanley reiterated an “overweight” rating on Starbucks (SBUX).
Morgan Keegan reiterated a “market perform” rating on Intuitive Surgical, Inc. (ISRG).
Gilford Securities reiterated a “buy” rating on Medley Capital (MCC).
Wedbush reiterated a “neutral” rating on Plantronics (PLT).
Morgan Stanley (NYSE:MS) reiterated an “overweight” rating on Philip Morris (PM).
Morgan Stanley reiterated an “overweight” rating on Starbucks (SBUX).
Friday, May 13, 2011
Coverage on (ONNN) (OXM) (PEP) (PM) Initiated
Coverage on ON Semiconductor (NASDAQ: ONNN), Oxford Industries (NYSE: OXM), PepsiCo, Inc. (NYSE: PEP) and Philip Morris (NYSE: PM) was initiated by analysts.
Susquehanna initiated coverage on ON Semiconductor (ONNN). They placed a “neutral” rating on the company.
Brean Murray initiated coverage on Oxford Industries (OXM). They placed a “buy” rating and a price target of $44.00 on the company.
Wells Fargo & Co. (NYSE:WFC) initiated coverage on PepsiCo, Inc. (PEP). They placed a “market perform” rating and a price target of $71.00 on the company.
Wells Fargo & Co. initiated coverage on Philip Morris (PM). They placed an “outperform” rating and a price target of $75.00 on the company.
Susquehanna initiated coverage on ON Semiconductor (ONNN). They placed a “neutral” rating on the company.
Brean Murray initiated coverage on Oxford Industries (OXM). They placed a “buy” rating and a price target of $44.00 on the company.
Wells Fargo & Co. (NYSE:WFC) initiated coverage on PepsiCo, Inc. (PEP). They placed a “market perform” rating and a price target of $71.00 on the company.
Wells Fargo & Co. initiated coverage on Philip Morris (PM). They placed an “outperform” rating and a price target of $75.00 on the company.
Monday, May 2, 2011
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, April 26, 2011
Philip Morris (PM) (FLIR) (HXL) (NFLX) (TCO) PTs Raised
The shares of Philip Morris (NYSE: PM), FLIR Systems, Inc. (NASDAQ: FLIR), Hexcel Co. (NYSE: HXL), Netflix, Inc. (NASDAQ: NFLX) and Taubman Centers Incorporated (NYSE: TCO) were all boosted April 26 by several analysts.
JPMorgan Chase & Co. (NYSE:JPM) raised its price target on FLIR Systems, Inc. (FLIR) to $34.00. They have a “Neutral” rating on the company.
Needham & Company increased its price target on Hexcel Co. (HXL) from $22.00 to $24.00. They have a “Buy” rating on the firm.
Morgan Keegan raised their price target on Netflix, Inc. (NFLX) from $220.00 to $267.00. They have a “Market Perform” rating on the stock.
Credit Suisse (NYSE:CS) raised their price target on Philip Morris (PM) from $64.00 to $72.00. They have an “Outperform” rating on PM.
Jefferies (NYSE:JEF) raised its price target on Taubman Centers Incorporated (TCO) from $52.00 to $56.00. They have a “Hold” rating on Taubman.
JPMorgan Chase & Co. (NYSE:JPM) raised its price target on FLIR Systems, Inc. (FLIR) to $34.00. They have a “Neutral” rating on the company.
Needham & Company increased its price target on Hexcel Co. (HXL) from $22.00 to $24.00. They have a “Buy” rating on the firm.
Morgan Keegan raised their price target on Netflix, Inc. (NFLX) from $220.00 to $267.00. They have a “Market Perform” rating on the stock.
Credit Suisse (NYSE:CS) raised their price target on Philip Morris (PM) from $64.00 to $72.00. They have an “Outperform” rating on PM.
Jefferies (NYSE:JEF) raised its price target on Taubman Centers Incorporated (TCO) from $52.00 to $56.00. They have a “Hold” rating on Taubman.
Wednesday, January 12, 2011
P&G (NSYE:PG), PepsiCo (NYSE:PEP) Coca-Cola (NYSE:KO), Philip Morris (NYSE:PM) Top Consumer Staples Picks of Goldman (NYSE:GS)
Goldman Sachs (NYSE:GS) is starting to like the consumer staples sector better, and their top picks include P&G (NSYE:PG), PepsiCo (NYSE:PEP), Coca-Cola (NYSE:KO) and Philip Morris (NYSE:PM).
Of all of this is predicated on the assumption there will be a global and U.S. recovery, none of which are certain by any means.
It also appears brands are pulling back on their battle, which could boost margins and earnings for the companies.
All Goldman could say about the condition of the U.S. economy was that it's "less bad" than it has been; not a great generator of confidence.
The top picks of Goldman based on the assumption the U.S. economy will recover, are Church & Dwight (NYSE:CHD), P&G (PG) and PepsiCo (PEP).
If things go well economically across the globe, Goldman likes Coca-Cola Company (KO) and Philip Morris International (PM).
Believing 2011 will be a strong year for acquisitions, Goldman sees Hansen (Nasdaq:HNSN), Lorillard (NYSE:LO) and Mead Johnson (NYSE:MJN) as "Buys."
Finally, assuming inflationary conditions, their favorite in the sector is General Mills (NYSE:GIS).
Proctor & Gamble were trading at $64.89, up $0.85, or 1.34 percent, as of 1:03 PM Est. Pepsico was trading at $66.66, up $0.33, or 0.50 percent. Coca-Cola was at $63.00, up $0.31, or 0.49 percent. Philip Morris was trading at $56.48, up $0.46, or 0.82 percent.
Of all of this is predicated on the assumption there will be a global and U.S. recovery, none of which are certain by any means.
It also appears brands are pulling back on their battle, which could boost margins and earnings for the companies.
All Goldman could say about the condition of the U.S. economy was that it's "less bad" than it has been; not a great generator of confidence.
The top picks of Goldman based on the assumption the U.S. economy will recover, are Church & Dwight (NYSE:CHD), P&G (PG) and PepsiCo (PEP).
If things go well economically across the globe, Goldman likes Coca-Cola Company (KO) and Philip Morris International (PM).
Believing 2011 will be a strong year for acquisitions, Goldman sees Hansen (Nasdaq:HNSN), Lorillard (NYSE:LO) and Mead Johnson (NYSE:MJN) as "Buys."
Finally, assuming inflationary conditions, their favorite in the sector is General Mills (NYSE:GIS).
Proctor & Gamble were trading at $64.89, up $0.85, or 1.34 percent, as of 1:03 PM Est. Pepsico was trading at $66.66, up $0.33, or 0.50 percent. Coca-Cola was at $63.00, up $0.31, or 0.49 percent. Philip Morris was trading at $56.48, up $0.46, or 0.82 percent.
Friday, January 7, 2011
Citigroup (NYSE:C) Downgrades Philip Morris (NYSE:PM), British American (AMEX:BTI), Imperial (LSE:IMT)
Citigroup (NYSE:C) cut their outlook on the tobacco industry today, downgrading Philip Morris (NYSE:PM), British American Tobacco (AMEX:BTI) and Imperial Tobacco (LSE:IMT).
The move by Citigroup was prompted by the need for tobacco companies to slash prices because of slowing sales around the world.
Another factor was the huge tax increases to be implemented in Japan, Russia and Spain. That is expected to eventually spread to other countries as well, although it'll take some time.
Also noted by Citigroup was the generic packaging instituted in Australia and Europe and the effect that will have on the tobacco industry.
All three companies mentioned above were downgraded from "Buy" to "Hold" by Citigroup.
British American Tobacco was trading at $$75.68, down $1.27, or 1.65 percent. Philip Morris was trading at $56.26, down $1.46, or 2.55 percent. Imperial Tobacco was trading in London at 1,982, down 37.00, or 1.83 percent.
The move by Citigroup was prompted by the need for tobacco companies to slash prices because of slowing sales around the world.
Another factor was the huge tax increases to be implemented in Japan, Russia and Spain. That is expected to eventually spread to other countries as well, although it'll take some time.
Also noted by Citigroup was the generic packaging instituted in Australia and Europe and the effect that will have on the tobacco industry.
All three companies mentioned above were downgraded from "Buy" to "Hold" by Citigroup.
British American Tobacco was trading at $$75.68, down $1.27, or 1.65 percent. Philip Morris was trading at $56.26, down $1.46, or 2.55 percent. Imperial Tobacco was trading in London at 1,982, down 37.00, or 1.83 percent.
Wednesday, December 8, 2010
Goldman (NYSE:GS) Likes Philip Morris (NYSE:PM) on Pricing Strength
Goldman Sachs (NYSE:GS) continues to be bullish on Philip Morris (NYSE:PM), citing pricing strength in the near future, even though volume may be softer, remaining flat or possibly declining by about 1 percent.
They raised their 2011 EPS estimate from $4.45 to $4.48 and their 2012 EPS estimate from $5.02 to $5.05.
A major challenge for them is the large tax trend being instituted by a growing number of companies on tobacco and cigarettes.
Goldman still maintains a "Buy" rating on Philip Morris, which closed Tuesday at $59.40, gaining $0.87, or 1.49 percent. Goldman also raised their price target on them from $65 to $70.
They raised their 2011 EPS estimate from $4.45 to $4.48 and their 2012 EPS estimate from $5.02 to $5.05.
A major challenge for them is the large tax trend being instituted by a growing number of companies on tobacco and cigarettes.
Goldman still maintains a "Buy" rating on Philip Morris, which closed Tuesday at $59.40, gaining $0.87, or 1.49 percent. Goldman also raised their price target on them from $65 to $70.
Wednesday, December 1, 2010
Goldman (NYSE:GS) Shrinks Estimates on Coca-Cola (NYSE:KO), Philip Morris (NYSE:PM), Sara Lee (NYSE:SLE) and Coca-Cola Enterprises (NYSE:CCE) on Forex
Citing the strengthening of the U.S. dollar in the midst of the sovereign debt crisis in Europe, Goldman Sachs (NYSE:GS) has lowered their estimates on a number of food, beverage and tobacco stocks, with Goldman saying Coca-Cola (NYSE:KO), Philip Morris International, Inc. (NYSE:PM), Sara Lee Corp. (NYSE:SLE) and Coca-Cola Enterprises Inc. (NYSE:CCE) expected to have the most negative impact on them.
For the broader food, beverage, & tobacco sector, Goldman lowered the estimates by a range of 1 to 2 percent. For the companies named above, they're estimates were lowered by a range of 2 to 3 percent.
Below are the changed EPS estimates of Goldman for the companies in the sector:
Coca-Cola: reiterated FY10 EPS at $3.50, full year 2011 lowered from $3.90 to $3.83.
Coca-Cola Enterprises: kept full year 2010 EPS at $3.50, full year 2011 lowered from $2.04 to $1.99.
Kellogg Company (NYSE:K): maintained full year 2010 EPS at $3.29, full year 2011 lowered from $3.50 to $3.48
Campbell Soup (NYSE:CPB): cut full year 2011 EPS estimates from $2.50 to $2.48 and full year 2012 from $2.68 to $2.65.
Kraft Foods Inc. (NYSE:KFT): maintained full year 2010 EPS at $3.29, full year 2011 dropped from $2.28 to $2.25.
PepsiCo, Inc. (NYSE:PEP): maintained full year 2010 EPS at $4.12, full year 2011 lowered from $4.65 to $4.63.
Philip Morris International Inc.: full year 2010 lowered from $3.89 to $3.85, full year 2011 lowered from $4.62 to $4.45.
Sara Lee Corp.: full year 2011 EPS lowered form $0.86 to $0.84, full year 2012 lowered from $0.95 to $0.91.
Fortune Brands (NYSE:FO): reiterated full year 2010 EPS at $2.77, full year 2011 lowered from $3.68 to $3.66
Coca-Cola was trading at $64.64, gaining $1.47, or 2.32 percent at 1:16 PM EST. Coca-Cola Enterprises was at $24.65, increasing by $0.50, or 2.07 percent. Philip Morris International, Inc. was at $57.62, rising by $0.73, or 1.28 percent, Sara Lee Corp. was up to $15.29, increasing $0.29, or 1.93 percent. Kellog rose to $49.42, gaining $0.19, or 0.39 percent. Campbell Soup increased to $34.15, rising by $0.25, or 0.74 percent. Kraft pushed to $30.65, rising $0.40, or 1.32 percent. Pepsico pressed to $65.36, gaining $1.21, or 1.89 percent. Fortune Brands rose to $60.54, increasing by $1.45, or 2.45 percent.
Interesting that all the stocks mentioned by Goldman were up today in spite of the Forex concerns.
For the broader food, beverage, & tobacco sector, Goldman lowered the estimates by a range of 1 to 2 percent. For the companies named above, they're estimates were lowered by a range of 2 to 3 percent.
Below are the changed EPS estimates of Goldman for the companies in the sector:
Coca-Cola: reiterated FY10 EPS at $3.50, full year 2011 lowered from $3.90 to $3.83.
Coca-Cola Enterprises: kept full year 2010 EPS at $3.50, full year 2011 lowered from $2.04 to $1.99.
Kellogg Company (NYSE:K): maintained full year 2010 EPS at $3.29, full year 2011 lowered from $3.50 to $3.48
Campbell Soup (NYSE:CPB): cut full year 2011 EPS estimates from $2.50 to $2.48 and full year 2012 from $2.68 to $2.65.
Kraft Foods Inc. (NYSE:KFT): maintained full year 2010 EPS at $3.29, full year 2011 dropped from $2.28 to $2.25.
PepsiCo, Inc. (NYSE:PEP): maintained full year 2010 EPS at $4.12, full year 2011 lowered from $4.65 to $4.63.
Philip Morris International Inc.: full year 2010 lowered from $3.89 to $3.85, full year 2011 lowered from $4.62 to $4.45.
Sara Lee Corp.: full year 2011 EPS lowered form $0.86 to $0.84, full year 2012 lowered from $0.95 to $0.91.
Fortune Brands (NYSE:FO): reiterated full year 2010 EPS at $2.77, full year 2011 lowered from $3.68 to $3.66
Coca-Cola was trading at $64.64, gaining $1.47, or 2.32 percent at 1:16 PM EST. Coca-Cola Enterprises was at $24.65, increasing by $0.50, or 2.07 percent. Philip Morris International, Inc. was at $57.62, rising by $0.73, or 1.28 percent, Sara Lee Corp. was up to $15.29, increasing $0.29, or 1.93 percent. Kellog rose to $49.42, gaining $0.19, or 0.39 percent. Campbell Soup increased to $34.15, rising by $0.25, or 0.74 percent. Kraft pushed to $30.65, rising $0.40, or 1.32 percent. Pepsico pressed to $65.36, gaining $1.21, or 1.89 percent. Fortune Brands rose to $60.54, increasing by $1.45, or 2.45 percent.
Interesting that all the stocks mentioned by Goldman were up today in spite of the Forex concerns.
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