Sunday, April 20, 2014

Week in Review-16/14

Welcome and thanks for reading! In this review, I will gather together important and interesting news and events over the last week related to my portfolio holdings. In my week review, I put also together some interesting articles from other websites that caught my attention during the past week.

Dividends from My Portfolio Holdings:

  • On April 14 I received a dividend of € 42.86 from Philip Morris International, Inc.
  • On April 15 I received a dividend of € 193.70 from NesteOil.

Dividend income reported after the deduction of taxes. I have also updated my Monthly Dividend sheet.

News from My Portfolio Holdings:

The Coca-Cola Company: First Quarter 2014 Results April 15, 2014. (More here)
  • Global unit case volume grew 2%. Coca-Cola International volume grew 2% while North America’s volume was even.
  • Reported net revenues declined 4%. Excluding the impact of structural changes, comparable currency neutral net revenues grew 2%.
  • Reported operating income declined 1%. Excluding the impact of structural changes, comparable currency neutral operating income grew 7% while we accelerated investments behind our brands.
  • Reported EPS was $0.36, down 6%, and comparable EPS was $0.44, down 4%. Comparable currency neutral EPS increased 5%.
  • Gained both global volume and value share in nonalcoholic ready-to-drink beverages, with value share gains ahead of volume share gains.
  • As part of the expansion of our productivity and reinvestment program announced in February, we are on track to invest an incremental $400 million in 2014 media initiatives in order to accelerate top-line growth.
  • Cash from operations was $1.1 billion.

Intel Corporation: First Quarter 2014 Results April 15, 2014. (More here)
  • PC Client Group revenue of $7.9 billion, down 1 percent year-over-year
  • Data Center Group revenue of $3.1 billion, up 11 percent year-over-year
  • Net Income of $1.9 billion, down 5 percent year-over-year
  • EPS of 38 cents, down 5 percent year-over-year

Prosafe SE:
  • Safe Bristolia work program increased and contract extension for Safe Astoria, April 14, 2014. (More here)
  • Contract extension for Safe Hibernia, April 15, 2014. (More here)

Kinder Morgan, Inc. First Quarter Earnings Release April 16, 2014. (More here)
  • Kinder Morgan, Inc. today reported first quarter cash available to pay dividends of $573 million, up 12 percent from $513 million for the same period a year ago, and remains on track to meet or exceed its published annual budget of $1.78 billion in cash available to pay dividends.
  • The board of directors increased the quarterly cash dividend to $0.42 per share ($1.68 annualized), which is payable on May 16, 2014, to shareholders of record as of April 30, 2014.
  • This represents an increase of 11 percent from the first quarter 2013 cash dividend per share of $0.38 ($1.52 annualized) and is up from the fourth quarter 2013 dividend of $0.41 ($1.64 annualized) per share.
  • As previously announced, KMI expects to declare dividends of $1.72 per share for 2014, an 8 percent increase over its 2013 declared dividend of $1.60 per share.

Philip Morris International Inc. First Quarter 2014 Results April 17, 2014. (More here)
  • Reported diluted earnings per share of $1.18, down by $0.10 or 7.8% versus $1.28 in 2013
  • Adjusted diluted earnings per share of $1.19, down by $0.10 or 7.8% versus $1.29 in 2013
  • Cigarette shipment volume of 196.0 billion units, down by 4.4%
  • Reported net revenues, excluding excise taxes, of $6.9 billion, down by 8.8%
  • Reported operating companies income of $3.0 billion, down by 12.9%
  • Adjusted operating companies income of $3.0 billion, down by 12.3%
  • Reported operating income of $3.0 billion, down by 13.0%
  • Repurchased 15.4 million shares of the company's common stock for $1.25 billion
  • PMI revises its 2014 full-year reported diluted earnings per share forecast to be in a range of $5.09 to $5.19, versus $5.26 in 2013.

PepsiCO: First Quarter 2014 Results April 17, 2014. (More here)
  • Reported EPS increased 15 percent to $0.79
  • Organic revenue grew 4.0 percent in the quarter. Reported net revenue was even
    versus the prior-year quarter, reflecting the impacts of foreign exchange
    translation and structural changes
  • Core constant currency operating profit increased 7 percent. Reported operating
    profit increased 9 percent
  • Company expects to return approximately $8.7 billion to shareholders through
    dividends and share repurchases in 2014, a 35 percent year-over-year increase
  • Company reaffirms 7 percent core constant currency EPS growth target for 2014
  • On track to deliver approximately $1 billion in annual productivity savings in 2014

Articles that caught my attention:

I wish everyone a nice next week.


  1. Thanks for including my articles Hawk. Have a great week. What are your personal thoughts on Coca-Cola?

    1. Hi Bryan

      You are welcome! Coca-Cola's performance was perhaps a little disappointing to me, at least if I compare it to PepsiCo's earnings. A small increase globally, but the currency effects reduced income. Coca-Cola will remain in my portfolio, because I believe it will find growth, if nothing else, then through company acquisitions.

      Have a nice Sunday

  2. Thanks for the the mentions Hawk! There was lots of information to digest this past week with all of the earnings announcements. Have a great rest of the weekend.