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Erin Swanson, Morningstar

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Latest Analyst Comments by Erin Swanson, Morningstar
 

Soup's Off At Campbell (Forbes.com: Markets News) - Feb 22, 2010

However, Morningstar analyst Erin Swanson said that the trend of decreased marketing spending becomes worrisome on a long term basis"It is critical for consumer product firms to invest in the marketing of their core brands, especially when consumers are being even more selective in their purchase decisions," said Swanson Campbell rival Kraft Foods ( KFT , news , people ) reported earnings last week of $710 million The packaged food maker emphasized the future earnings potential of its Cadbury ( CBY , news , people ) acquisition, although some doubted how quickly the company will be able to move past the costs associated with integrating the UK candymaker (See " Kraft Counts On Cadbury, Increasing Demand ") Shares of Campbell dropped slightly by 13% to close at $3350 on Monday Kraft shares held steady for a 01% gain to finish at $2895 
Recent Research on Kraft Foods Inc. (KFT)
Summary: Kraft Foods Inc. (S&P Credit Research)- Feb 09, 2010
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Share:  However, Morningstar analyst <span class="analyst">Erin Swanson</span> said that the trend of decreased marketing spending becomes worrisome on a long term basis"It is critical for consumer product firms to invest in the marketing of their core brands, especially when consumers are being even more selective in their purchase decisions," said Swanson Tweet this 

Other UK business news: Kraft profits treble as it passes 90% ownership of Cadbury shares (Birmingham Post - Home - Business) - Feb 16, 2010

"The big test is what's to come," Morningstar analyst Erin Swanson said "They face significant challenges in integrating Cadbury" Kraft also revealed that quarterly revenue rose 32 per cent to £705 billion, below the £707 billion predicted by analysts Analysts said Kraft was showing some traction in its overall cost cutting strategy and its plan to lower prices in areas such as cheese that are heavily tied to commodity costs Organic revenue, which excludes currency moves and recent asset purchases and sales, rose 04 percent, hit by a decline in dairy costs that led the company to lower cheese prices Kraft Foods said on Monday had more than 90 per cent of acceptances from Cadbury shareholders in its takeover 
Share:  "The big test is what's to come," Morningstar analyst <span class="analyst">Erin Swanson</span> said "They face significant challenges in integrating Cadbury" <span class="company">Kraft</span> also revealed that quarterly revenue rose 32 per cent to £705 billion, below the £707 billion predicted by analysts Tweet this 

Kraft's merger with Cadbury is a 'bumpy but upward road' (Medill Reports: Chicago) - Feb 10, 2010

Analysts say it will take Kraft Foods Inc. two years or more to realize the financial benefits of its acquisition of chocolate giant Cadbury Plc. "The Cadbury acquisition will take some time before you see some results The merger itself is seen as taking three years" said Morningstar Inc analyst Erin Swanson 
Recent Research on Cadbury plc
2010 European Consumer and Retail Outlook (Fitch Research)- Dec 15, 2009
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Share:  The merger itself is seen as taking three years" said Morningstar Inc analyst <span class="analyst">Erin Swanson</span> Tweet this 

Analysts say it will take Kraft Foods Inc. two years or more to realize the financial benefits of its acquisition of chocolate giant Cadbury Plc. "The Cadbury acquisition will take some time before you see some results The merger itself is seen as taking three years" said Morningstar Inc analyst Erin Swanson 
Share:  The merger itself is seen as taking three years" said Morningstar Inc analyst <span class="analyst">Erin Swanson</span> Tweet this 

Sara Lee reports Q2 profit, helped by cost cutting (Brandon Sun Online - Business) - Feb 04, 2010

With the expansion of its single serve and instant coffee categories and growing overall volume in Brazil and Russia, Sara Lee's international beverage volume rose 48 per cent Sara Lee's second quarter revenue was nearly flat at $286 billion That fell short of analyst expectations of $312 billion The company said the benefit of the stronger dollar was offset by selling some businesses, the slight decline in unit volume and lower selling prices Morningstar analyst Erin Swanson said the company needs stronger brands and needs consumers to spend more if its sales are to grow in the long term 
Recent Research on Sara Lee Corporation (SLE)
Sara Lee Corp. (S&P Credit Research)- Feb 19, 2010
Summary: Sara Lee Corp. (S&P Credit Research)- Feb 19, 2010
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Share:  Morningstar analyst <span class="analyst">Erin Swanson</span> said the company needs stronger brands and needs consumers to spend more if its sales are to grow in the long term Tweet this 

Food makers Kellogg, Sara Lee hit on pricing worry (Reuters Business News) - Feb 04, 2010

"Even though commodity costs have moderated, I don't know if the level of moderation has warranted the price declines that were passed through," Morningstar analyst Erin Swanson said Kellogg CEO David Mackay also noted that costs for some commodities, including sugar, are up sharply and that the company expects its commodity costs to rise 3 percent "Discounting to try to drive your volume is a means to profitless prosperity," Mackay said in an interview with Reuters He expects industry pricing to remain stable in 2010, though he acknowledged that promotional spending which consumers see as special price deals in the store 
Recent Research on Kellogg Company (K)
Summary: Kellogg Co. (S&P Credit Research)- Nov 30, 2009
Kellogg Company (Moody's Global Credit Research)- Nov 30, 2009
Moody's assigns A3 to Kellogg's new $500MM notes (Moody's Global Credit Research)- Nov 16, 2009
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Share:  "Even though commodity costs have moderated, I don't know if the level of moderation has warranted the price declines that were passed through," Morningstar analyst <span class="analyst">Erin Swanson</span> said Tweet this 

Sara Lee profit tops analyst estimates (ChicagoTribune.com - Business) - Feb 04, 2010

In addition, Sara Lee posted a big gain in its adjusted operating profit margin, with that key financial gauge rising to 112 percent during the quarter from 62 percent during the same period a year earlier "We think the quarter was fantastic," Sara Lee CEO Brenda Barnes said in an interview She said profitability improvements were driven by a combination of lower commodity costs, an ongoing cost reduction plan and investments in the company's key brands But Erin Swanson, a stock analyst at Morningstar Inc , said Sara Lee's results "are still being weighed down by low (sales) volume" 
Share:  But <span class="analyst">Erin Swanson</span>, a stock analyst at Morningstar Inc , said <span class="company">Sara Lee</span>'s results "are still being weighed down by low (sales) volume" Tweet this 

Stocks Start February Higher; New Data and Budget in Focus (Morningstar Articles) - Feb 01, 2010

Shares traded 28% higher at midday Food service giant   Sysco 's second quarter profit rose 13% on prior year charges, topping estimates Morningstar analyst Erin Swanson expects Sysco's extensive distribution network and a focus on driving efficiencies in the business to generate sizeable returns for shareholders 
Recent Research on SYSCO Corporation (SYY)
Summary: Sysco Corp. (S&P Credit Research)- Feb 25, 2010
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Share:  Morningstar analyst <span class="analyst">Erin Swanson</span> expects <span class="company">Sysco</span>'s extensive distribution network and a focus on driving efficiencies in the business to generate sizeable returns for shareholders Tweet this 

The work for Kraft starts after winning Cadbury (Reuters Deals) - Jan 29, 2010

"Beyond melding disparate corporate cultures, Cadbury's public dismissal of Kraft's business model and management decisions in recent months increases the challenges of this integration," Morningstar analyst Erin Swanson said 
Share:  "Beyond melding disparate corporate cultures, Cadbury's public dismissal of <span class="company">Kraft</span>'s business model and management decisions in recent months increases the challenges of this integration," Morningstar analyst <span class="analyst">Erin Swanson</span> said Tweet this 

"Beyond melding disparate corporate cultures, Cadbury's public dismissal of Kraft's business model and management decisions in recent months increases the challenges of this integration," Morningstar analyst Erin Swanson said 
Recent Research on Cadbury Holdings Limited
Moody's: Cadbury ratings remain on review for downgrade (Moody's Global Credit Research)- Jan 20, 2010
Cadbury Holdings Limited (Moody's Global Credit Research)- Nov 10, 2009
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Share:  "Beyond melding disparate corporate cultures, <span class="company">Cadbury</span>'s public dismissal of Kraft's business model and management decisions in recent months increases the challenges of this integration," Morningstar analyst <span class="analyst">Erin Swanson</span> said Tweet this 

"Beyond melding disparate corporate cultures, Cadbury's public dismissal of Kraft's business model and management decisions in recent months increases the challenges of this integration," Morningstar analyst Erin Swanson said 
Share:  "Beyond melding disparate corporate cultures, <span class="company">Cadbury</span>'s public dismissal of Kraft's business model and management decisions in recent months increases the challenges of this integration," Morningstar analyst <span class="analyst">Erin Swanson</span> said Tweet this 

DEALTALK-The work for Kraft starts after winning Cadbury (Reuters Mergers & Acquisitions) - Jan 29, 2010

"Beyond melding disparate corporate cultures, Cadbury's public dismissal of Kraft's business model and management decisions in recent months increases the challenges of this integration," Morningstar analyst Erin Swanson said 
Share:  "Beyond melding disparate corporate cultures, <span class="company">Cadbury</span>'s public dismissal of Kraft's business model and management decisions in recent months increases the challenges of this integration," Morningstar analyst <span class="analyst">Erin Swanson</span> said Tweet this 

"Beyond melding disparate corporate cultures, Cadbury's public dismissal of Kraft's business model and management decisions in recent months increases the challenges of this integration," Morningstar analyst Erin Swanson said 
Share:  "Beyond melding disparate corporate cultures, Cadbury's public dismissal of <span class="company">Kraft</span>'s business model and management decisions in recent months increases the challenges of this integration," Morningstar analyst <span class="analyst">Erin Swanson</span> said Tweet this 

"Beyond melding disparate corporate cultures, Cadbury's public dismissal of Kraft's business model and management decisions in recent months increases the challenges of this integration," Morningstar analyst Erin Swanson said 
Share:  "Beyond melding disparate corporate cultures, <span class="company">Cadbury</span>'s public dismissal of Kraft's business model and management decisions in recent months increases the challenges of this integration," Morningstar analyst <span class="analyst">Erin Swanson</span> said Tweet this 

Gum fight at the Chicago corral (ChicagoTribune.com - Business) - Jan 23, 2010

And those trends show no sign of abating In a presentation to investors last month, Cadbury outlined 6 to 8 percent annual revenue growth for gum, compared with 5 to 7 percent for chocolate and 4 to 6 percent for non chocolate candy The chewy stuff, relative to chocolate, does particularly well in a bad economy Chocolate is seen as more of an indulgence than gum, and the gum is cheaper by the unit, Redruello said Erin Swanson, a stock analyst at Morningstar Inc, noted, too, that chocolate tends to be a more regional business 
Share:  Chocolate is seen as more of an indulgence than gum, and the gum is cheaper by the unit, Redruello said <span class="analyst">Erin Swanson</span>, a stock analyst at Morningstar Inc, noted, too, that chocolate tends to be a more regional business Tweet this 

Erin Swanson, a stock analyst at Morningstar Inc, noted, too, that chocolate tends to be a more regional business Kraft is big in chocolate, but two of its prime brands, Milka and Cote d'Or, are popular in Europe yet hardly known in the United States With gum "you don't have to create new products to meet local cultural tastes It travels better," Swanson said Plus, while confectionary items generally have relatively little private label competition, gum has virtually none, Swanson said 
Share:  <span class="analyst">Erin Swanson</span>, a stock analyst at Morningstar Inc, noted, too, that chocolate tends to be a more regional business <span class="company">Kraft</span> is big in chocolate, but two of its prime brands, Milka and Cote d'Or, are popular in Europe yet hardly known in the United States Tweet this 

And those trends show no sign of abating In a presentation to investors last month, Cadbury outlined 6 to 8 percent annual revenue growth for gum, compared with 5 to 7 percent for chocolate and 4 to 6 percent for non chocolate candy The chewy stuff, relative to chocolate, does particularly well in a bad economy Chocolate is seen as more of an indulgence than gum, and the gum is cheaper by the unit, Redruello said Erin Swanson, a stock analyst at Morningstar Inc, noted, too, that chocolate tends to be a more regional business 
Share:  Chocolate is seen as more of an indulgence than gum, and the gum is cheaper by the unit, Redruello said <span class="analyst">Erin Swanson</span>, a stock analyst at Morningstar Inc, noted, too, that chocolate tends to be a more regional business Tweet this 

Express delivery (The Week With Hemscott's Rodney Hobson) - Jan 22, 2010

You will get a few pence less for your holding but you get your cash now Morningstar analyst Erin Swanson believes this is a "great price" for Cadbury shareholders read her full analysis here The balloon goes up As inflation figures go, December's were quite something Given that UK prices have persistently risen faster than expected over the past couple of years, it was sensible to be braced for bad news but even so the full extent of the horror was a real shock The consumer price index shot up a full percentage point from 19% to 29% while the more volatile retail price index soared from 03% to 24% 
Share:  Morningstar analyst <span class="analyst">Erin Swanson</span> believes this is a "great price" for <span class="company">Cadbury</span> shareholders read her full analysis here Tweet this 

You will get a few pence less for your holding but you get your cash now Morningstar analyst Erin Swanson believes this is a "great price" for Cadbury shareholders read her full analysis here The balloon goes up As inflation figures go, December's were quite something Given that UK prices have persistently risen faster than expected over the past couple of years, it was sensible to be braced for bad news but even so the full extent of the horror was a real shock The consumer price index shot up a full percentage point from 19% to 29% while the more volatile retail price index soared from 03% to 24% 
Share:  Morningstar analyst <span class="analyst">Erin Swanson</span> believes this is a "great price" for <span class="company">Cadbury</span> shareholders read her full analysis here Tweet this 

Well done to those who did so The final offer is 500p cash plus 01874 Kraft shares for each Cadbury share If you don't want to end up with Kraft stock, sell into the stock market You will get a few pence less for your holding but you get your cash now Morningstar analyst Erin Swanson believes this is a "great price" for Cadbury shareholders read her full analysis here 
Share:  Morningstar analyst <span class="analyst">Erin Swanson</span> believes this is a "great price" for Cadbury shareholders read her full analysis here Tweet this 

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Erin Swanson

Morningstar

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Erin Swanson

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