• News
  • Money

General Mills to buy natural pet food company Blue Buffalo

Blue Buffalo shares were trading just shy of the $40 mark Friday morning, indicating a high level of confidence that the deal will go through as negotiated. About 18.36 million shares traded or 1520.21% up from the average. JP Morgan initiated Blue Buffalo Pet Products, Inc. They expect $0.21 earnings per share, up 16.67% or $0.03 from last year's $0.18 per share. The business had revenue of $336.96 million for the quarter, compared to analysts' expectations of $320.58 million. Over the last three months, insiders have sold 214,288 shares of company stock valued at $6,977,870.

TRADEMARK VIOLATION WARNING: "Blue Buffalo Pet Products Inc (BUFF) Position Raised by Victory Capital Management Inc." was originally reported by BBNS and is owned by of BBNS.

Blue Buffalo Pet Products, Inc., through its subsidiary, Blue Buffalo Company, Ltd., operates as a pet food firm in the United States, Canada, Japan, and Mexico. Finally, Barclays reaffirmed a "buy" rating and issued a $29.00 price objective on shares of Blue Buffalo Pet Products in a research note on Friday, November 10th.

It will fund the acquisition with debt, cash on hand and about $1 billion in equity. Wells Fargo & Company MN now owns 2,448,233 shares of the company's stock valued at $69,409,000 after purchasing an additional 314,874 shares in the last quarter. JP Morgan maintained Blue Buffalo Pet Products, Inc. This indicates more upside for the $7.79B company.

Several analysts have commented on the stock. Public Employees Retirement Association of Colorado now owns 850,692 shares of the company's stock valued at $24,117,000 after buying an additional 847,754 shares during the last quarter.

"Everybody is wanting to feed better quality foods for all of their family members", said Billy Bishop, Blue Buffalo CEO and a co-founder with his father and brother. More interesting news about Blue Buffalo Pet Products, Inc. The Manufacturers Life Insurance Company now owns 6,070 shares of the company's stock worth $138,000 after buying an additional 533 shares during the last quarter. (NASDAQ:BUFF) were released by: Globenewswire.com and their article: "Blue Buffalo Pet Products, Inc".

Shares of Blue Buffalo were trading a tick above General Mills' offer before the official market open Friday, but as was the case with Bob Evans Farms past year, I would caution investors to not expect a bidding war at this high a price. The company presently has an average rating of "Buy" and an average target price of $32.54.

If you are reading this report on another site, it was illegally copied and reposted in violation of United States & worldwide copyright laws.

But there are limits to how much buyers are willing to spend, said Jagdale, who doesn't see another company stepping forward to acquire Blue Buffalo. If you are reading this story on another site, it was stolen and reposted in violation of US & worldwide copyright and trademark law. To me, it makes a lot of sense to get into beverages, snack food and/or pet food. Natural pet food is the fastest-growing part of the pet-food market, according to the Wall Street Journal.

Leave Your Comment

Leave Your Comment

Latest News

Breaking News


Tejashwi says Nitish govt hatching 'serious conspiracy' against him

I have received information from my reliable sources that attempts would be made to spike my food with poisonous substance wherever I stay during my yatra. "Spies are being deployed to keep a watch at my movements", tweeted Yadav.

Eddie Jones fronts up after Scotland smash England in Six Nations

As you would expect after a pep talk from Eddie Jones at half time England came out with plenty of intensity in the second half. It's a quiet changing room, it's disappointing and some players are down, but we have to learn from it".

Philippe Coutinho "learning gradually" at Barcelona

Eventually, Luis Suarez netted a hattrick, Lionel Messi scored a brace and Philippe Coutinho scored his trademark long-range goal. Luis Suarez scored a hat-trick as a star-studded Barcelona line up thrashed Girona 6-1 at the Nou Camp on Saturday night.

Boston Bruins go all-in, acquire Rick Nash from New York Rangers

With the deal, the Rangers now have nine picks in this upcoming draft, including two in each of the first three rounds. He could become a staple on the Ranger's blueline and is the other key piece besides Spooner to this trade.

BJP to gain in Rajya Sabha biennial polls on March 23

BJP leaders hope that along with allies and other parties like AIADMK, TRS, BJD and YSR, they will have an upper hand in the RS. The terms of several Union ministers, including Arun Jaitley, Prakash Javadekar, Ravi Shankar Prasad, Dharmendra Pradhan, J.P.

Family members receive Graham's body at library named after him

However, they will visit Charlotte on Monday to pay their respects to the late reverend at the Graham Family Homeplace. Billy Graham , a source with the Billy Graham Evangelistic Association confirmed to Channel 9.

Parkland and the Sandy Hook promise

The fearless teenage survivors have said as much, though politicians say now is not the time to discuss gun control. Someone who says they care is lying through their teeth if they don't do anything to back up their sentiment.

Ball returning to Lakers' lineup, will be on minutes limit

Also, the Lakers coach chose to see how Ball and new addition Isaiah Thomas would play together for the first time this season. But, the team announced, the move comes with some caveats - a minutes restriction and a ban on back-to-back games for now.

Butland howler gifts Leicester an equaliser

The visitors were rewarded for their confident start, moving ahead in the 43rd minute. Joe Allen robbed the ball off Ndidi on the left and played a simple pass to Shaqiri.

Minnesotan Closing Ceremonies Flag Bearer

The medal is only the second for the United States in cross-country skiing in Olympic history and the first gold. For an athlete, being their country's designated flag bearer at the Closing Ceremony is a remarkable achievement.