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SOURCE Analysts' Corner
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NEW YORK, October 11, 2013 /PRNewswire/ --
Today, Analysts' Corner announced new research reports highlighting Hershey Co. (NYSE: HSY), Campbell Soup Co. (NYSE: CPB), TreeHouse Foods, Inc. (NYSE: THS), Sanderson Farms, Inc. (NASDAQ: SAFM), and Diamond Foods, Inc. (NASDAQ: DMND). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Hershey Co. Research Report
On October 8, 2013, Hershey Co. (Hershey) announced that its Board of Directors has authorized and declared quarterly dividends in the amount of c.$0.49 on the Common Stock and c.$0.44 on the Class B Common Stock. The dividends are payable on December 13, 2013, to stockholders of record as on November 25, 2013. The Company informed that this represents the 336th consecutive regular dividend on the Common Stock and the 117th consecutive regular dividend on the Class B Common Stock. The Full Research Report on Hershey 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/948b_HSY]
Campbell Soup Co. Research Report
On October 1, 2013, Campbell Soup Company (Campbell) announced that it has signed a definitive agreement for the sale of its European simple meals business to CVC Capital Partners (CVC), a leading global private equity firm. Under the terms of the agreement, CVC will acquire Campbell's national brands of soups, sauces and simple meals. Denise Morrison, Campbell's President and CEO, said, "This sale reflects a strategic choice. We are in the process of reshaping our portfolio to change Campbell's future growth trajectory. As part of this effort, we will be focusing our investments, resources and talent on building the brands that we believe we can grow around the world, strengthening our core and expanding our business in faster-growing geographies and categories." 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]
TreeHouse Foods, Inc. Research Report
On October 8, 2013, TreeHouse Foods, Inc. (TreeHouse Foods) announced the completion of its previously announced acquisition of Associated Brands, a leading private label manufacturer of powdered drinks. TreeHouse paid approximately $180 million in cash for the business, subject to an adjustment for working capital. The Full Research Report on TreeHouse 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/c204_THS]
Sanderson Farms, Inc. Research Report
On September 19, 2013, Sanderson Farms Inc. (Sanderson Farms) announced that its Board of Directors has declared a regular quarterly cash dividend in the amount of $0.20 per share. The dividend is payable on October 15, 2013 to stockholders of record as on October 1, 2013. The Company reported that this represents a new annual dividend rate of $0.80. "We are very pleased the Board has authorized an increase in our dividend rate and granted final approval to commence construction of our next poultry complex," commented Joe F. Sanderson, Jr., Chairman and CEO of Sanderson Farms. The Full Research Report on Sanderson Farms, 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/733e_SAFM]
Diamond Foods, Inc. Research Report
On September 30, 2013, Diamond Foods, Inc. (Diamond Foods) reported its Q4 FY 2013 financial results (period ended July 31, 2013). The Company reported total net sales of $199.8 million, a 10.8% YoY decline. Adjusted EBITDA increased 12.5% YoY to $24.6 million, while net loss for the quarter was $147.1 million compared to $32.9 million in Q4 FY 2012. The Company reported that non-GAAP net income was $2.3 million compared to $1.0 million in Q4 FY 2012. "Our cost savings and net price realization strategies helped us generate improved results for the fourth quarter and fiscal year," said Brian Driscoll, President and CEO. "We remain intently focused on these productivity initiatives to help support our future brand innovation and to address potential commodity headwinds in fiscal 2014. In addition, we believe the proposed settlement of the securities class action lawsuit is an important first step in our ability to normalize our capital structure." The Full Research Report on Diamond 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/09d1_DMND]
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