$INGR (Ingredion Incorporated)

$INGR {{ '2016-09-16T09:12:47+0000' | timeago}} • Announcement

$INGR said it has priced $500MM of 3.2% senior notes due Oct. 1, 2026. The offering is expected to close on Sept. 22. Company expects net proceeds from the offering to be about $496.5MM, and plans to use about $350.3MM to repay debt under term loan, about $42MM to repay debt under revolving credit facility and the remaining for corporate purposes.

$MAT {{ '2017-07-26T15:42:34+0000' | timeago}} • Announcement

$MAT has expanded its strategic partnership with parenting portal Babytree to co-develop a network of physical learning centers across China. The learning centers will drive inter-connectivity and continuity between the online and physical learning experiences for children ages zero to five.

$MAT {{ '2017-07-24T10:55:42+0000' | timeago}} • Announcement

$MAT announced the opening of its newest distribution center in Jonestown, Pennsylvania. $R will operate and staff the 1,000,200-square-foot facility. The distribution center is now fully operational, and up to 400 jobs will be generated in Lebanon County during peak season.

$FMC {{ '2017-07-21T20:56:53+0000' | timeago}} • Announcement

$FMC declared a regular quarterly dividend of $0.165 per share, payable on October 19, 2017, to shareholders of record on September 29, 2017.

$CPB {{ '2017-07-20T11:51:49+0000' | timeago}} • Announcement

$CPB appointed Shakeel Farooque as new VP and Head of Digital and E-Commerce. $CPB plans to accelerate its digital and e-Commerce capabilities by forming an e-Commerce unit representing all three Campbell divisions in North America, which Farooque will lead. $CPB has a goal of generating $300MM in e-Commerce sales over the next five years.

$CPB {{ '2017-07-19T20:53:15+0000' | timeago}} • Announcement

$CPB appointed Shakeel Farooque to newly created role of VP and Head of Digital and E-Commerce. $CPB plans to accelerate its digital and e-Commerce capabilities by forming an e-Commerce unit representing all three Campbell divisions in North Americawhich Farooque will lead. $CPB has goal of generating $300MM in e-Commerce sales over next 5 years.

$CPB {{ '2017-07-19T19:58:07+0000' | timeago}} • Announcement

$CPB outlined the Global Biscuits and Snacks division's growth plans in FY18 to expand the division's footprint: drive the snacking portfolio in U.S. Biscuit and Bakery and Australia; and pursue expansion in developing markets.

$CPB {{ '2017-07-19T19:56:28+0000' | timeago}} • Announcement

$CPB anticipates adding about $200MM in sales across its three divisions over the next five years by broadening its snacking business beyond cookies and baked snacks to include soup, mini meals and fresh snacks, with a focus on mindful kids snacking.

$CPB {{ '2017-07-19T19:55:42+0000' | timeago}} • Announcement

$CPB agreed with The Sage Project to partner on digital disclosure of ingredients using Sage's food data platform. $CPB plans to accelerate the company's digital and e-commerce capabilities by forming an e-commerce unit in North America. The company has a goal of generating $300MM in e-commerce sales over the next five years.

$CPB {{ '2017-07-19T19:54:29+0000' | timeago}} • Announcement

$CPB has taken actions to reshape portfolio toward faster-growing spaces. This includes changes to its recipes and a series of acquisitions, including Bolthouse Farms, Plum Organics, and Garden Fresh Gourmet, as well as the pending acquisition of Pacific Foods.

$CPB {{ '2017-07-19T11:54:08+0000' | timeago}} • Announcement

$CPB reaffirmed its previous FY17 guidance. For the year, Campbell continues to expect net sales to change by -1 to 0 percent; adjusted EBIT to increase by 2-4%; and adjusted EPS to rise by 3-5% or $3.04 to $3.09 per share.

$CHD {{ '2017-07-17T11:58:51+0000' | timeago}} • Announcement

$CHD has agreed to acquire water-jet technology company Water Pik, Inc. from MidOcean Partners for approx $1Bil in cash. The acquisition is expected to be neutral to its 2017 EPS. The transaction, which will be financed with debt, is expected to close in the third quarter.

$CPB {{ '2017-07-07T13:13:14+0000' | timeago}} • Announcement

The Board of $CPB declared a regular quarterly dividend on its capital stock of $0.35 per share. The dividend is payable July 31, 2017, to shareholders as of July 13, 2017.

$MDLZ {{ '2017-07-06T22:24:53+0000' | timeago}} • Announcement

$MDLZ stated that based on the current assessment of the situation, it is reaffirming its full-year organic revenue growth outlook of at least 1% growth. The company expects to incur incremental one-time costs in 2Q17 and 3Q17 due to this issue, but the underlying margin progress is in line with the outlook of mid-16% for full-year 2017.

$MDLZ {{ '2017-07-06T22:24:36+0000' | timeago}} • Announcement

Given the timing of the cyberattack, $MDLZ experienced disruption in its ability to ship and invoice during the last four days of 2Q17. There are a few markets where $MDLZ permanently lost some of that revenue due to holiday feature timing, but the company expects to recognize the majority of these delayed shipments in 3Q17 results.

$MDLZ {{ '2017-07-06T22:24:16+0000' | timeago}} • Announcement

$MDLZ said it is making good progress in restoring its systems across the enterprise in the wake of the global cyberattack. The company believes the issue has been contained and a critical majority of the affected systems are up and running again. The preliminary estimate of the revenue impact is a negative 300BP on 2Q17 growth rate.

$CPB {{ '2017-07-06T21:03:48+0000' | timeago}} • Announcement

Food company $CPB has agreed to acquire Oregon-based Pacific Foods, a producer of organic broth and soup, for $700MM in cash. Campbell will bring its expertise and scale to Pacific Foods and invest more in the business. Pacific Foods will become part of Campbell’s Americas Simple Meals and Beverages division.

$THS {{ '2017-07-06T13:42:57+0000' | timeago}} • Announcement

$THS has named Lee J. Wise, as VP, Treasurer, effective July 5, 2017. Mr. Wise joins the company from Mead Johnson Nutrition Company where he served as VP, Treasurer and Corporate Development.

$POST {{ '2017-07-03T15:04:18+0000' | timeago}} • Announcement

Packaged goods holding company $POST has completed the acquisition of UK-based ready-to-eat cereal company Weetabix Ltd., effective July 3, 2017. The transaction was funded with cash on hand and partial proceeds from the company’s $1Bil incremental term loan.

$SJM {{ '2017-06-30T12:55:23+0000' | timeago}} • Announcement

Branded food company $SJM has nominated Dawn C Willoughby and Kirk L Perry to its BoD. Willoughby currently serves as EVP and COO of $CLX. Earlier, Willoughby held various positions in sales management at Procter & Gamble Company. Perry is the President of $GOOGL's Brand Solutions. Prior to joining Google, he had worked in Procter & Gamble Company.

$MKC {{ '2017-06-29T14:14:15+0000' | timeago}} • Webcast

When asked whether $MKC has got a chance to grow its presence in $WFM as a result of the $AMZN-$WFM merger, McCormick stated that it is well positioned based on the relationship with Amazon. The company added that it is under-represented at Whole Foods with some of $MKC's secondary brands in distribution.

Recent Transcripts

MKC.V (McCormick & Company, Incorporated)
Thursday, June 29 2017 - 12:00pm
LMNR (Limoneira Company)
Thursday, June 8 2017 - 8:30pm
LULU (Lululemon Athletica Inc.)
Thursday, June 1 2017 - 8:30pm
CPB (Campbell Soup Company)
Friday, May 19 2017 - 12:30pm
SNAK (Inventure Foods, Inc.)
Thursday, May 11 2017 - 3:00pm
POST (Post Holdings, Inc.)
Tuesday, May 9 2017 - 1:00pm
DF (Dean Foods Company)
Tuesday, May 9 2017 - 1:00pm
LNCE (Snyder's-Lance, Inc.)
Monday, May 8 2017 - 2:00pm
JOUT (Johnson Outdoors Inc.)
Friday, May 5 2017 - 3:00pm
MNST (Monster Beverage Corporation)
Thursday, May 4 2017 - 9:00pm
COT (Cott Corporation)
Thursday, May 4 2017 - 2:00pm
CHD (Church & Dwight Co. Inc.)
Thursday, May 4 2017 - 2:00pm
MGPI (MGP Ingredients Inc.)
Thursday, May 4 2017 - 2:00pm
THS (Treehouse Foods, Inc.)
Thursday, May 4 2017 - 12:30pm
CLX (The Clorox Company)
Wednesday, May 3 2017 - 5:30pm
FMC (FMC Corp.)
Wednesday, May 3 2017 - 1:00pm
INGR (Ingredion Incorporated)
Wednesday, May 3 2017 - 1:00pm
MDLZ (Mondelez International, Inc.)
Tuesday, May 2 2017 - 9:00pm
ADM (Archer-Daniels-Midland Company)
Tuesday, May 2 2017 - 1:00pm
LANC (Lancaster Colony Corporation)
Thursday, April 27 2017 - 2:00pm

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