NEW YORK, December 31, 2014 /PRNewswire/ --
Moments ago, Analysts Review released new research updates concerning several important developing situations including J. M. Smucker (NYSE: SJM), Kate Spade (NYSE: KATE), Kellogg (NYSE: K), Knowles (NYSE: KN), and Krispy Kreme (NYSE: KKD). Analysts Review provides a single unified platform for investors' to hear about what matters - proudly employing registered CFA® research staff and rigorous compliance procedures. The full research reports are being made available to the public for informational purposes only.
To access our full PDF reports on a complementary basis, please visit the links below.
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Today's update concerns the following companies:
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Full PDF Download Links (you may have to copy and paste the following links into your browser):
SJM Research Report: ( http://get.analystsreview.com/pdf/?c=J.M.%20Smucker&d=31-Dec-2014&s=SJM ),
KATE Research Report: ( http://get.analystsreview.com/pdf/?c=Kate%20Spade&d=31-Dec-2014&s=KATE ),
K Research Report: ( http://get.analystsreview.com/pdf/?c=Kellogg&d=31-Dec-2014&s=K ),
KN Research Report: ( http://get.analystsreview.com/pdf/?c=Knowles&d=31-Dec-2014&s=KN ),
KKD Research Report: ( http://get.analystsreview.com/pdf/?c=Krispy%20Kreme&d=31-Dec-2014&s=KKD ).
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Analyst Update: Price Increase, Strategic Partnerships, Product Launches, and Leadership Changes
Reviewed by: Rohit Tuli, CFA®
The U.S. stock market ended in red on Tuesday with energy stocks being the worst performers of the day. A less than expected December 2014 consumer confidence index (CCI) figure deterred investor confidence further. The U.S. CCI climbed to 92.6 in December from a revised 91.0 last month, below a post-recession high of 94.1 set in October 2014. The DJIA declined 0.31%, S&P 500 dropped 0.49% and the Nasdaq Composite weakened 0.61% during the session. The European stock market also declined, led by weakness in energy companies as Brent oil fell to a five and a half year low on persistent concerns about a global supply glut. The Asian stock market closed broadly lower too. The Japanese government on Tuesday agreed to a tax reform, approving a plan to cut corporate taxes by 2.51 percentage point from April 2015 and then by another 0.78 percentage points in the following year, in an effort to spur economic growth.
In response to sustained increases in costs, The J. M. Smucker Company (J. M. Smucker) announced an average of 8% increase on the list price on its K-Cup® packs sold in the United States under the Folgers®, Folgers Gourmet Selections®, Cafe Bustelo®, and Millstone® brand names, effective January 5, 2015. Prior to this, the Company announced its Q2 FY 2015 (period ended October 31, 2014) financial results, reporting diluted EPS of $1.55, up by 6.2% YoY.
Kate Spade Saturday, a brand of Kate Spade & Company (Kate Spade) has partnered with West Elm on home furnishings line comprising of bedding, rugs, furniture, lighting, artwork and a garment rack. As per a New York Times report dated December 18, 2014, the stated collection will be available in stores in January 2015 with prices ranges from $19 for a jewelry box to $799 for a rug.
Kellogg Company (Kellogg) announced plans for seven new cereals enhancing its US cereal line-up with various protein, sprouted grains, and gluten-free options having great taste, innovative ingredients and less sugar. The Company's new breakfast cereals are: Special K® Protein Cinnamon Brown Sugar Crunch, Special K Gluten Free, Kashi Sprouted Grains Multi-Grain, Kellogg's® Raisin Bran with Cranberries, Froot Loops® Bloopers and new flavors in its Bear Naked® Granola.
Knowles Corporation (Knowles) has appointed Didier Hirsch to the Board of Directors. Mr. Hirsh will serve on the Audit Committee and the Governance and Nominating Committee. He will stand for election at the Company's Annual Meeting of Shareholders scheduled to take place on May 5, 2015.
Completing the executive succession plan, Krispy Kreme Doughnuts, Inc. (Krispy Kreme) announced that James H. Morgan will transition from Executive Chairman of the Board of Directors of the Company to non-executive Chairman, effective January 29, 2015. Mr. Morgan served as its President and CEO from January 2008 until June 2014 and has served on Krispy Kreme's Board of Directors since 2000 and as Chairman of the Board since 2005.
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Editor Note: This is not company news. We are an independent source and our views do not reflect the companies mentioned.
Compliance Procedure: Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Analysts Review, represented by Rohit Tuli, CFA®. An outsourced research services provider has only reviewed the information provided by Analysts Review in this article or report according to the procedures outlined by Analysts Review. Analysts Review is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.
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