Guru Stocks Raising Dividends: HNZ, TAP, BG, CATO, TSH
H.j. Heinz Company (HNZ)
H. J. Heinz Company and its subsidiaries manufacture and market an extensive line of processed food products throughout the world. H.j. Heinz Company has a market cap of $17.14 billion; its shares were traded at around $54.68 with a P/E ratio of 17.9 and P/S ratio of 0.3. May 26th the company increased its quarterly dividend 6.7% to $0.48 per share. The dividend is payable to shareholders of record as of June 24, 2011 on July 10, 2011. Including today’s announcement, Heinz has increased the dividend almost 80% since Fiscal 2004, a compound annual growth rate of 7.5%. The yield based on the new payout is 3.6%
H.J. Heinz Company reported strong fourth-quarter and full-year results for Fiscal 2011, a year in which the Company delivered record sales of $10.7 billion, record total Company net income of $990 million and record operating free cash flow of $1.26 billion.
Bill Nygren, Kenneth Fisher, and Mark Hillman own shares of HNZ stock.
EVP - President & CEO Europe David Charles Moran, Chairman, President and CEO William R Johnson, and EVP and CFO Arthur B Winkleblack sold shares of HNZ stock.
Molson Coors Brewing Company (TAP)
Molson Coors Brewing Company is world's fifth-largest global brewer. Molson Coors Brewing Company has a market cap of $7.6 billion; its shares were traded at around $46.63 with a P/E ratio of 12.8 and P/S ratio of 1.6. May 26th the company increased its quarterly dividend 14 % to $0.32 per share. The dividend is payable June 15, 2011, to shareholders of record on June 6, 2011. The yield based on the new payout is 2.8%.
MillerCoors reported Tuesday that first quarter results included a net income of $234.7 million, compared to $208.6 million the year prior.
Richard Pzena, David Dreman, and Robert Olstein own shares of TAP stock.
CFO Stewart Glendinning, bought shares of TAP stock.
Director Ficeli Christien Coors, Chf Acct Ocr William Glen Waters, and Global Chf Supply ChainOfficer Gregory L Wade sold shares of TAP stock.
Bunge Ltd. (BG)
Bunge Ltd. is an integrated global agribusiness and food company spanning the farm-to-consumer food chain. Bunge Ltd. has a market cap of $10.75 billion; its shares were traded at around $74.04 with a P/E ratio of 14.1 and P/S ratio of 0.2. May 26th the company increased its quarterly dividend 8.7% to $0.25 per share. The new dividend is payable on September 2, 2011, to shareholders of record on August 16, 2011. The yield based on the new payout is 1.4%.
Bunge reported fiscal results for the first quarter 2011. Revenues in the first quarter increased to $12.1 billion from $10.3 billion in the year-ago quarter, up 18%.
CEO - Bunge Ltd. Alberto Weisser and Director Michael H Bulkin sold shares of BG stock.
Cato Corp (CATO)
Cato Corporation offers quality fashion apparel and accessories at everyday low prices in junior/missy and plus sizes. Cato Corp has a market cap of $742.7 million; its shares were traded at around $26.33 with a P/E ratio of 13.6 and P/S ratio of 0.8. May 26th the company increased its quarterly dividend 24% to $0.23 per share. The dividend is payable on June 27, 2011 to shareholders of record on June 13, 2011. The yield based on the new payout is 3.5%.
The Cato Corporation reported a net income of $30.52 million, or $1.04 per share, for the first quarter ended April 30, 2011, compared to $25.03 million, or $0.85 per share, for the first quarter ended May 1, 2010. Total revenues for the first quarter of 2011 were $273.66 million, compared to $261.96 million for the first quarter of 2010.
Joel Greenblatt bought 29,752 shares in the quarter that ended on 03/31/2011, which is 0.22% of the $333 million portfolio of Gotham Capital.
Director Jr Edward I Weisiger, bought shares of CATO stock.
Teche Holding Company (TSH)
Teche Holding Company has a market cap of $74.2 million; its shares were traded at around $35.825 with a P/E ratio of 10.2 and P/S ratio of 1.3. May 26th the company increased its quarterly dividend 1.4% to $0.36 per share. The dividend is is payable on June 30, 2011 to shareholders of record as of the close of business on June 16, 2011. The company has paid a cash dividend for 64 consecutive quarters. The yield based on the new payout is 4.0%.
Teche Holding Company reported on earnings for the Company for the quarter ended March 31, 2011, the second quarter of fiscal 2011. Earnings for the quarter ended March 31, 2011 amounted to $1.5 million, or $0.72 per diluted share, compared to $1.7 million, or $0.80 per diluted share for the same quarter in fiscal 2010, a decrease of $0.08 per diluted share, or 10.0%.
Vice President/Treasurer Junius L Chauvin sold shares of TSH stock.