On Mar 11, the Federal Reserve indicated to Regions Financial Corporation (NYSE:RF) that it does not object to the company’s capital plan and proposed capital actions for the second quarter of 2015 through the second quarter of 2016. The capital plan was submitted to the Federal Reserve as part of the Comprehensive Capital Analysis and Review (CCAR). Actions that Regions may undertake as outlined in its capital plan include increasing the quarterly common dividend to $0.06 per share and the repurchase of up to $875 million in common shares. On Monday shares of Regions Financial Corporation (NYSE:RF) closed at $9.88. Company’s sales growth for last 5 years was -7.40% and EPS growth for next 5 years is recorded as 8.60%.
Securities lawyers at Dunnam & Dunnam are investigating allegations for Pilgrim’s Pride Corporation shareholders (NASDAQ: PPC). The law firm’s investigation will focus on potential violations of the federal securities laws. A report by Reuters on March 11, 2015, stated that “the U.S. Department of Agriculture on Wednesday confirmed the discovery of highly pathogenic avian influenza in a commercial turkey flock in Arkansas, the third-largest U.S. turkey producer and home to Tyson Foods Inc., the nation’s biggest chicken company.” Shares of Pilgrim’s Pride fell $1.17 per share to $25.36, on this news, or more than 4.39%. On last trading day Pilgrim’s Pride Corporation (NASDAQ:PPC) moved up 0.08% to close at $25.06. Its volatility for the week is 4.75% while volatility for the month is 3.72%. PPC’s sales growth for past 5 years was 3.90% and its EPS growth for past 5 years was 27.30%. Pilgrim’s Pride Corporation (NASDAQ:PPC) monthly performance is -3.54%.
Zacks cut shares of Strayer Education (NASDAQ:STRA) from an outperform rating to a neutral rating in a research note issued to investors on Monday. The firm currently has $63.00 price target on the stock. Strayer Education Inc. (NASDAQ:STRA) has 1.00% insider ownership while its institutional ownership stands at 95.10%. In last trading activity company’s stock closed at $59.83.
Valeant Pharmaceuticals International, Inc. (NYSE:VRX) said Monday that it has filed with the U.S. Securities and Exchange Commission a preliminary prospectus supplement to its effective shelf registration statement on Form S-3 in connection with a registered offering in the United States of $1.45 billion of its common shares. On Monday shares of Valeant Pharmaceuticals Intl Inc (NYSE:VRX) closed at $202.34. Company’s sales growth for last 5 years was 58.70% and EPS growth for next 5 years is recorded as 24.95%.
Mastercard Inc (NYSE:MA) announced the appointment of Brian Lang as the new President of its Canadian operations. In his new role, Lang will be charged with driving the regional strategy to expand and grow the business while delivering new payments technology in the market. He was most recently the head of business development for MasterCard in the Middle East and Africa. In this role he expanded card acceptance in markets like Egypt, Nigeria, Pakistan while establishing payment innovations like new wallet platforms in United Arab Emirates and South Africa. Lang returns to Canada having previously worked for LANG + Assoc., Aeroplan, Air Canada, and CIBC. Mastercard Inc (NYSE:MA) in last trading activity increased 1.09% to close at $88.71. Company weekly performance is -2.64% while its quarterly performance stands at 1.36%. Mastercard Inc (NYSE:MA) is -4.61% away from its 52 week high.