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Procter & Gamble Company (The) stock price
Procter & Gamble Company (The) latest news:
Procter & Gamble takes calculated risk with 'The Talk' ad
Experts say Procter & Gamble is taking a calculated risk with its ad that features black mothers speaking to children about racism across several decades.
P&G hits back at Peltz, says investor not entitled to board seat
Aug 1 (Reuters) - Procter & Gamble blasted Nelson
Peltz's efforts to join the consumer goods conglomerate's board,
saying the investor was not entitled to a seat and that he was
being wrongly advised by people who were not in tune with the
BRIEF-Procter & Gamble files preliminary proxy statement, urges co's shareholders not to sign or return white proxy card sent by Trian - SEC Filing
* Files preliminary proxy statement, urges co's shareholders
not to sign or return white proxy card sent by Trian - SEC
Source text: [http://bit.ly/2v2iOq6]
Further company coverage:
Trian urges Procter & Gamble to take action to improve underperformance
Activist investor Trian Fund Management said Thursday that Procter & Gamble Co. needs to take action to address the "root causes" of an inconsistent performance, that has kept its returns to shareholders at less than half its peers in the last 10 years. The fund, headed by investor Nelson Peltz, said underperformance includes the loss of market shares across many categories and excessive costs. "While P&G says it is addressing the underperformance issue, shareholders have heard similar promises in the past and results have not materially improved. Trian believes P&G can once again be a best-in-class performer but it must take decisive action that goes above and beyond what it has previously announced, including committing to significantly changing its overly complex organizational structure and slow moving and insular culture." Trian said adding Peltz to the board would help with accountability, creating a sense of urgency and better cost management. Trian owns about $3.3 billion of P&G stock. The shares were up 2.6% in premarket trade, after the company posted fourth-quarter earnings that were above Wall Street expectations. Shares have gained 6% in 2017, while the Dow Jones Industrial Average has gained 10% and the S&P 500 has gained 11%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Procter & Gamble shares edge up following Q4 earnings beat
Procter & Gamble Co. shares rose less than 1% in premarket on Thursday after the company reported fourth-quarter earnings that were above Wall Street expectations. Net income for the quarter came in at $2.22 billion, or 82 cents per share, compared to $1.95 billion, or 69 cents per share during the year earlier period. Adjusted earnings per share were 85 cents, above the FactSet earnings consensus of 78 cents. Procter & Gamble's revenue hit $16.08 billion during the quarter, down slightly from the $16. 10 billion the company reported during the same quarter a year ago, but ahead of FactSet's revenue consensus of $16.02 billion. For the full 2017, Procter & Gamble reported net sales of $65.1 billion and adjusted earnings of $3.92 per share, both above FactSet's consensus. The consumer goods company said it expects earnings to grow 5% to 7% in 2018, and that the first quarter of fiscal 2018 will likely be the lowest organic sales and per-sale earnings growth period of the year. Shares of Procter & Gamble have gained more than 6% in the year to date, while the S&P 500 index is up nearly 11%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Procter & Gamble Is Focus of Shake-Up Effort by Nelson Peltz
Mr. Peltz’s Trian Fund Management is seeking a board seat at the consumer products giant, signaling a ratcheting-up in the size of the corporate targets of activist investors.
Trian takes off the gloves, aiming to put Peltz on P&G's board
(Reuters) - Activist investor Nelson Peltz is seeking a seat on Procter & Gamble Co's board, taking public his frustrations with the company's lagging stock price and railing against its "suffocating bureaucracy."
P&G expresses 'complete support' for current strategy after activist investor wages proxy battle
Procter & Gamble Co. said Monday in a statement that its board of directors was "confident" that the changes being made at the struggling consumer products giant were having results, and expressed "complete support" for the current strategy and management team. The statement was in response to activist investor Trian Fund Management L.P.'s call to elect its CEO Nelson Peltz on P&G's board to help accelerate the company's turnaround. Trian is P&G's fifth-largest shareholder, with 36.7 million shares, or 1.4% of the shares outstanding, according to FactSet. Trian said P&G's results over the past decade have been disappointing, and that the recent $10 billion cost-cutting program has had "no discernible impact" on results. "While the board is always willing to consider new ideas that may help drive profitable growth and enhance shareholder value, the board notes that Trian has not provided any new or actionable ideas to drive additional value for P&G shareholders beyond the continued successful execution of the strategic plan that is in place," P&G said in its statement. P&G's stock rallied 0.7% in midday trade. It has gained 2.0% over the past 12 months, while the SPDR Consumer Staples Select Sector ETF has lost 1.6% and the Dow Jones Industrial Average has climbed 17%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Trian launches public fight to add Peltz to P&G's board
(Reuters) - Activist fund Trian Fund Management LP launched its public push for changes at Procter & Gamble Co on Monday, nominating its Chief Executive Officer Nelson Peltz to the board in a bid to press for more drastic steps to revive sales and profits.
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