Consumer Non-Cyclical Sector Review: P&G Earnings Conference Call, Pepsi vs. Coca-Cola

Newell Rubbermaid Inc. (NYSE:NWL) expects foreign currency effects to hurt in 2012 EPS, and a deteriorating macro economic environment in Western Europe to negatively affect its 2012 sales.

The shares closed at $18.82, up $1.39, or 7.97%, on the day. Its market capitalization is $5.45 billion.

The Procter & Gamble Co. (NYSE:PG): On its Q4 earnings conference call, Proctor & Gamble (NYSE:PG) said in reference to the planned divestiture of it Pringles brand to Diamond Foods (NASDAQ:DMND), that “we’re just at this point following Diamond’s public representations that they’re going to have concluded the internal investigation in the middle of February and we’ll obviously be able to talk with them in more detail about that at that time.” An analyst noted that the company “kept in the gain from the divestiture by fiscal year end” but the company did not give guidance as to when it expected any sale to close.

The shares closed at $64.30, down $0.5, or 0.77%, on the day. Its market capitalization is $176.91 billion.

PepsiCo, Inc. (NYSE:PEP), The Coca-Cola Company (NYSE:KO): PepsiCo (NYSE:PEP) CEO Nooyi may increase the advertising and marketing budget for Pepsi and its other drinks by as much as $600M, or 50%, to $1.7B, as its battles Coca-Cola (NYSE:KO) for market share, Bloomberg reports.

PEP shares closed at $65.81, down $0.71, or 1.07%, on the day. Its market capitalization is $102.89 billion.

KO shares closed at $67.44, down $0.57, or 0.84%, on the day. Its market capitalization is $153.17 billion.

Altria Group, Inc. (NYSE:MO) announced that Michael E. Szymanczyk, 63, has decided to retire after 23 years of distinguished service to the company, including four years as Chairman and CEO of Altria and 12 years as president and CEO of Philip Morris USA. The board has elected Martin J. Barrington, 58, to serve as Altria’s chairman and CEO, effective upon Szymanczyk’s retirement following the Annual Meeting of Shareholders on May 17. The board also has elected Barrington to Altria’s board, effective immediately. Additionally, the board elected David R. Beran, 57, to serve as Altria’s President and Chief Operating Officer, effective May 17, and approved a consulting agreement with Szymanczyk for an initial period ending January 31, 2014.

The shares closed at $28.14, down $0.52, or 1.81%, on the day. Its market capitalization is $57.87 billion.

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To contact the reporter on this story: Stella Mariz at

To contact the editor responsible for this story: Damien Hoffman at