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Hormel Announces Stock-Split - Analyst Blog
Tuesday, December 14, 2010 - 5:43pm | 577Hormel Foods Corporation (HRL) authorized a one-for-two stock split. Shareholders of record as of January 31, 2011, will receive two common shares for each common share they currently own. The common shares after the split will confer equal rights and benefits, including dividends, capital...
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Tesoro Plans MLP Through IPO - Analyst Blog
Tuesday, December 14, 2010 - 5:00pm | 437Independent refiner and marketer of refined petroleum products, Tesoro Corporation (TSO) announced plans to separate a portion of its logistics business to form a Master Limited Partnership (MLP). In this respect, Tesoro also intends to raise contribution worth $200 million through an initial...
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Tesoro Plans MLP Through IPO - Analyst Blog
Tuesday, December 14, 2010 - 4:35pm | 437Independent refiner and marketer of refined petroleum products, Tesoro Corporation (TSO) announced plans to separate a portion of its logistics business to form a Master Limited Partnership (MLP). In this respect, Tesoro also intends to raise contribution worth $200 million through an initial...
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Zhongpin Inc Up 8.4% (HOGS)
Tuesday, December 14, 2010 - 3:23pm | 268Shares of meat and food products company Zhongpin Inc. (Nasdaq: HOGS) are currently up 8.4% at $18.76 per share during Tuesday afternoon trading. The company announced on Monday that it will build a new production, R & D, testing, and training complex. Chairman and Chief Executive Officer...
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Market Roundup
Tuesday, December 14, 2010 - 2:05pm | 254Shares of C.R. Bard Inc (NYSE: BCR) gained about 4.7% after the firm projects its 2011 sales growth of 5% to 8%, with a rise of 14% in EPS, excluding one-time items. BCR also reiterated its earnings profit guidance for full year profit in the range of $5.50 to $5.54 per share, excluding one-time...
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Tuesday's Put/Call Ratio Leaders (PETM, GAPTQ, TSN, MXIM, SGMS)
Tuesday, December 14, 2010 - 1:15pm | 87Here is a quick peek at stocks that have abnormally high daily put/call ratios today relative to their average…. 1. PetSmart Inc. (NASDAQ: PETM) 5,011 puts, 20 calls 2. Great Atlantic and Pacific Tea Co. (OTCBB: GAPTQ) 3,029 puts, 34 calls 3. Tyson Foods (NYSE: TSN) 21,472 puts, 326 calls 4. Maxim...
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Sanderson Farms Seeing Unusual Volume (SAFM)
Tuesday, December 14, 2010 - 11:33am | 93Sanderson Farms, Inc. (NASDAQ: SAFM) is seeing unusual volume this morning, as it's traded 550,000 shares this morning, after the company reported earnings that were better than expected. Sanderson Farms Inc. said higher chicken prices helped earnings in the fourth quarter. Sanderson Farms...
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Goldman Sachs Reiterates Sell on Sanderson Farms
Tuesday, December 14, 2010 - 11:29am | 93Goldman Sachs reiterates its Sell rating on Sanderson Farms (NASDAQ: SAFM) after SAFM's strong 4Q2010. In a note to clients, Goldman Sachs writes, "We expect shares will open up on the earnings beat, but anticipate some profit taking during the conference call as management addresses the feed cost...
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J.P. Morgan Reiterates Overweight Rating on General Mills (GIS)
Tuesday, December 14, 2010 - 10:34am | 122J.P. Morgan is out with a research report this morning, where it reiterates its Overweight rating on General Mills (NYSE: GIS); it has a $43.00 price target on the stock, up from $40.00. The JPM analysts said that they expect a consensus earnings beat when GIS reports earnings on Thursday, noting...
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Company News For Dec 14, 2010 - Corporate Summary
Tuesday, December 14, 2010 - 10:33am | 814• Pfizer (NYSE:PFE) announced a quarterly dividend increase of 11% to $0.20 • Sanderson Farms (NASDAQ:SAFM) reported fiscal fourth quarter earnings of $2.08, beating Zacks Consensus Estimate of $1.69, on revenues of $529.1 million, which was ahead of Zacks Consensus Estimate of $524.0 million • ...
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Company News For Dec 14, 2010 - Corporate Summary
Tuesday, December 14, 2010 - 10:06am | 814• Pfizer (NYSE:PFE) announced a quarterly dividend increase of 11% to $0.20 • Sanderson Farms (NASDAQ:SAFM) reported fiscal fourth quarter earnings of $2.08, beating Zacks Consensus Estimate of $1.69, on revenues of $529.1 million, which was ahead of Zacks Consensus Estimate of $524.0 million • ...
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Cosan Downgraded to Underperform - Analyst Blog
Tuesday, December 14, 2010 - 10:00am | 526We recently downgraded Cosan Limited (CZZ), Brazilian sugar and ethanol producer, to an Underperform recommendation. The stock was previously rated Neutral by us. The company is the largest sugar and ethanol producer in Brazil and ranks third in sugar and fifth in ethanol production in the...
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Benzinga's Top Upgrades (VE, SLE, COV, GDP)
Tuesday, December 14, 2010 - 9:53am | 134Veolia Environnement (NYSE: VE) was upgraded by Deutsche Bank from "hold" to "buy." VE's shares closed at $29.10 yesterday. VE's PEG ratio is 0.96. Bernstein upgrade Sara Lee Corp (NYSE: SLE) from "market perform" to "outperform." SLE's shares closed at $15.89 yesterday. Sara Lee's trailing-twelve-...
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Cosan Downgraded to Underperform - Analyst Blog
Tuesday, December 14, 2010 - 9:30am | 526We recently downgraded Cosan Limited (CZZ), Brazilian sugar and ethanol producer, to an Underperform recommendation. The stock was previously rated Neutral by us. The company is the largest sugar and ethanol producer in Brazil and ranks third in sugar and fifth in ethanol production in the...
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Imperial Sugar Company Announces Update Regarding Annual Report and Form 10-K (IPSU)
Tuesday, December 14, 2010 - 9:11am | 123Imperial Sugar Company (NASDAQ: IPSU) announced today that they will not file their Annual Report on Form 10-K for the year ended September 30, 2010, which is due today, and will not hold their conference call with investors scheduled for 11:00 a.m. Eastern today. The Company indicated that they...