Consumer Sector Review: Diamond and P&G’s Mutual Break-Up, Keurig’s New Brewer

Dean Foods Company (NYSE:DF): For Fresh Dairy Direct, says category weakness and pricing pressures remain a concern. For WhiteWave-Alpro, sees solid FY top-line performance supported by new product launches. Sees continued momentum in Morningstar. Comments from slides that will be presented on the Q4 earnings conference call.

The shares closed at $11.99, up $1.12, or 10.3%, on the day. Its market capitalization is $2.20 billion.

Diamond Foods, Inc. (NASDAQ:DMND)¬†announced that The Procter & Gamble Company (NYSE:PG) and Diamond have mutually agreed to terminate Diamond’s proposed acquisition of the Pringles business and have released each other from all liabilities related to the proposed acquisition. No “break-up” or other fees will be paid in connection with this termination. “Diamond has enjoyed a positive and constructive working relationship with P&G throughout this process, and the mutual termination of our agreement and release of all associated liabilities was reached in the same spirit,” said Rick Wolford, Diamond Foods’ Acting President and Chief Executive Officer. “Diamond now will put its full effort on the growth of our business with focused execution to continue to build our successful brands.”

The shares closed at $23.46, up $1.16, or 5.18%, on the day. Its market capitalization is $517.48 million.

Kellogg Company (NYSE:K): Assuming the transaction closes on or around June 30, 2012, Kellogg expects that the transaction will: Be accretive to earnings in 2012 by between $0.08 and $0.10 per share before the impact of transaction and one-time costs and changes to the share repurchase program; including these items, the transaction will be dilutive to earnings per share in 2012 by between $0.11 and $0.16 per share. Generate one-time costs of between $160 million and $180 million. The company expects that between $70 million and $90 million of these costs will be recognized in 2012, a lesser amount in 2013, and the remainder in 2014. Generate synergies of at least $10 million in 2012, more in 2013 and ongoing synergies of between $50 million and $75 million a year thereafter

The shares closed at $52.87, up $2.57, or 5.11%, on the day. Its market capitalization is $18.87 billion.

Green Mountain Coffee (NASDAQ:GMCR) announced the expansion of its line of Keurig Single Cup Brewers with the addition of the Keurig Vue brewer, a premium new platform designed with the ability to brew stronger, bigger, and hotter. The new Vue brewer, paired with new Vue packs, maintains the simplicity and convenience of the existing Keurig K-Cup system with added customizable features so consumers have control over the strength, size, and temperature of their beverages.

The shares closed at $65.75, down $1.57, or 2.33%, on the day. Its market capitalization is $10.18 billion.

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