Dividend Hawk: Week in Review 17/15

Sunday, April 26, 2015

Week in Review 17/15

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 23 I received a dividend of € 573.65 from UPM-Kymmene Corporation
On April 24 I received a dividend of € 46.75 from Kraft Foods Group Inc.

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

Transactions of My Portfolio:

On April 23, 2015 I bought 20 shares of Johnson & Johnson. (More here)

News from My Portfolio Holdings:

TeliaSonera: April 21, 2015 First Quarter Result (More here)

Net sales in local currencies, excluding acquisitions and disposals, increased 1.5 percent. In reported currency, net sales increased 8.8 percent to SEK 26,041 million (23,926). Service revenues in local currencies, excluding acquisitions and disposals, decreased 1.1 percent.
EBITDA, excluding non-recurring items decreased 4.3 percent in local currencies, excluding acquisitions and disposals. In reported currency, EBITDA, excluding non-recurring items, increased 2.3 percent to SEK 8,540 million (8,345). The EBITDA margin, excluding non-recurring items, decreased to 32.8 percent (34.9).
Operating income, excluding non-recurring items, decreased 12.6 percent to SEK 5,496 million (6,286).
Net income attributable to owners of the parent company decreased 5.9 percent to SEK 3,714 million (3,945) and earnings per share to SEK 0.86 (0.91).
Free cash flow increased to SEK 2,853 million (2,556) despite higher cash CAPEX, supported by lower taxes and working capital changes.
Group outlook for 2015 is unchanged.

Tele2 AB: April 21, 2015 First Quarter Result (More here)

In the quarter net sales grew by 6 percent to SEK 6,511 (6,152)
Mobile end-user service revenue in Tele2 Sweden grew by more than 5 percent in Q1 2015 and EBITDA increased to SEK 893 (745) million
Tele2 Netherlands continued to gain market share by adding 21,000 (47,000) customers and taking the total mobile customer base to 834,000 (741,000)
Customer intake in Tele2 Kazakhstan increased to 428,000 (20,000) in Q1 2015
In Q1 2015, the sale of Tele2 Norway was completed after approval by regulatory authorities

The Coca-Cola Company: April 22, 2015 First Quarter Result (More here)

Reported net revenues grew 1% and organic revenue grew 8%
Reported EPS was $0.35 and comparable EPS was $0.48
Gained global value share in nonalcoholic ready-to-drink beverages
Cash from operations increased to $1.6 billion
Maintain underlying full-year currency neutral growth expectations

McDonald's Corporation: April 22, 2015 First Quarter Result (More here)

Global comparable sales decrease of 2.3%, reflecting negative guest traffic in all major segments
Consolidated revenues decrease of 11% (1% in constant currencies)
Consolidated operating income decrease of 28% (20% in constant currencies) due to weaker operating performance and $195 million of strategic charges related to restaurant closings and other management actions
Diluted earnings per share of $0.84, a decrease of 31% (23% in constant currencies), which includes strategic charges totaling $0.17 per share and a negative foreign currency translation impact of $0.09 per share. In constant currencies and excluding the strategic charges, earnings per share decreased $0.11 or 9%
Return of $1.4 billion to shareholders through dividends and share repurchases

T. Rowe Price Group, Inc. April 22, 2015 First Quarter Result (More here)

Net revenues of $1.0 billion, ($954.6 million)
Net income of $309.5 million, ($304.3 million)
Diluted earnings per common share of $1.13, ($1.12 )

AT&T Inc. April 22, 2015 First Quarter Result (More here)

$0.61 diluted earnings per share in the first quarter compared to $0.70 diluted EPS in the year-ago quarter. Excluding significant items, EPS was $0.63 versus $0.71 a year ago. The year-earlier quarter includes about 3 cents of EPS from divested assets
First-quarter consolidated revenues of $32.6 billion, up 0.3 percent versus the year-earlier period and up 1.2 percent when adjusting for the sale of Connecticut wireline properties; wireline business and total revenue growth impacted by foreign exchange
Strategic business services revenues of $2.6 billion up 15.4 percent when adjusted for the Connecticut wireline sale; now 32 percent of total wireline business revenues
Wireless operating income margin of 24.5 percent for the first quarter; adjusted EBITDA service margin of 45.3 percent
Full-year standalone guidance on track

PepsiCo, Inc. April 23, 2015 First Quarter Result (More here)

Organic/core results

Organic revenue grew 4.4 percent
Core gross margin expanded 150 basis points
Core EPS increased 1 percent to $0.83
Core constant currency EPS increased 12 percent

Reported (GAAP) results

Net revenue declined 3 percent reflecting the impact of adverse foreign exchange translation
Gross margin expanded 100 basis points
EPS increased 3 percent to $0.81

2015 outlook

Reaffirms 7 percent core constant currency EPS growth target for 2015
Foreign exchange translation now expected to adversely impact core EPS by 11 percentage points
On track to deliver approximately $1 billion productivity savings and $8.5 to $9 billion cash return to shareholders

Altria Group, Inc. April 23, 2015 First Quarter Result (More here)

Altria’s 2015 first-quarter reported diluted earnings per share (EPS) decreased 11.9% to $0.52, as comparisons were affected by special items.
Altria’s 2015 first-quarter adjusted diluted EPS, which excludes the impact of special items, increased 10.5% to $0.63.
Altria reaffirms its 2015 full-year adjusted diluted EPS to be in the range of $2.75 to $2.80, representing a growth rate of 7% to 9% from an adjusted diluted EPS base of $2.57 in 2014.

Baxter International Inc. April 23, 2015 First Quarter Result (More here)

Baxter reported first quarter net income of $430 million and earnings per diluted share of $0.78, compared to net income of $556 million and earnings per diluted share of $1.01 in the same period last year.
First quarter 2015 results include net after-tax special items totaling $120 million (or $0.22 per diluted share)
On an adjusted basis, excluding special items in both periods, Baxter reported first quarter net income of $550 million compared to $652 million reported in 2014.
Worldwide sales of $3.76 billion declined 2 percent from the $3.85 billion reported in the first quarter of 2014. Excluding the impact of foreign currency, Baxter’s sales increased 4 percent. Sales in the United States grew 4 percent to $1.7 billion, while international sales of $2.1 billion declined 6 percent from the prior-year period. Excluding foreign currency, international sales increased 5 percent.

Johnson & Johnson: April 23, 2015

Johnson & Johnson Announces Dividend Increase of 7.1% (More here)

Neste Oil Corporation: April 24, 2015 First Quarter Result (More here)

Comparable operating profit totaled EUR 215 million (Q1/2014: EUR 50 million)
Total refining margin was USD 11.66/bbl (Q1/2014: USD 8.44/bbl)
Renewable Products' comparable sales margin was USD 205/ton (Q1/2014: USD 182/ton)
Net cash from operations totaled EUR -185 million (Q1/2014: EUR -178 million)
Return on average capital employed (ROACE) was 12.6% (2014: 10.1%)
Full-year 2015 guidance revised upwards on 21 April (More here)