Meredith (MDP) (BWA) (BLL) (CAVM) (CCE) (EXPE) Price Target Changed

Meredith Corporation (NYSE: MDP), BorgWarner Inc (NYSE: BWA), Ball Co. (NYSE: BLL), Cavium Networks, Inc. (NASDAQ: CAVM), Coca-Cola Enterprises (NYSE: CCE) and Expedia, Inc. (NASDAQ: EXPE) price targets adjusted by analysts.

BorgWarner Inc. (BWA) had its price target raised by Barclays Capital from $85.00 to $92.00. They have an “Equal Weight” rating on the company.

Ball Co. (BLL) had its price target cut by Jefferies (NYSE:JEF) to $46.00.

Cavium Networks, Inc. (CAVM) had its price target slashed by UBS AG (NYSE:UBS) from $47.50 to $43.00. They have a “Buy” rating on the company.

Coca-Cola Enterprises (CCE) had its price target raised by Barclays Capital from $31.00 to $34.00. They have an “Equal Weight” rating on the company.

Expedia, Inc. (EXPE) had its price target raised by Citigroup (NYSE:C) to $36.00. They have a “Buy” rating on the company.

Meredith Corporation (MDP) had its price target lowered by The Benchmark Company from $35.00 to $33.00. They have a “Hold” rating on the company.

Coverage on (AMZN) (CCE) (CPTS) (DPS) (ECPG) Initiated

Coverage on Amazon.com, Inc. (NASDAQ: AMZN), Coca-Cola Enterprises (NYSE: CCE), Conceptus, Inc. (NASDAQ: CPTS), Dr Pepper Snapple Group Inc. (NYSE: DPS) and Encore Capital Group, Inc. (NASDAQ: ECPG) was initiated by analysts.

SunTrust (NYSE:STI) initiated coverage on Amazon.com, Inc. (AMZN). They placed a “neutral” rating on the company.

Wells Fargo & Co. (NYSE:WFC) initiated coverage on Coca-Cola Enterprises (CCE). They placed a “market perform” rating and a price target of $29.00 on the company.

GARP Research initiated coverage on Conceptus, Inc. (CPTS). They placed a “buy” rating on the company.

Wells Fargo & Co. (WFC) initiated coverage on Dr Pepper Snapple Group Inc. ( DPS). They placed an “outperform” rating and a price target of $44.00 on the company.

William Blair initiated coverage on Encore Capital Group, Inc. (ECPG). They placed an “outperform” rating on the company.

Dividends of (UGI) (PH) (CFR) (JNJ) (COH) Boosted

Chevron Corporation (CVX), W.W. Grainger Inc. (GWW), Northrop Grumman Corporation (NOC), Coca-Cola Enterprises (CCE) and International Business Machines Corporation (IBM) all have boosted their dividends recently.

Chevron Corporation (CVX) raised its quarterly dividend on April 27th 8.3 percent or $0.78 a share. The dividend is payable June 10, 2011, to holders of common stock as shown on the transfer records of the corporation at the close of business on May 19, 2011. The new payout has a yield of 2.9 percent.

W.W. Grainger Inc. (GWW) raised its quarterly dividend on April 27th 22 percent to $0.66 a share. The dividend is payable on June 1, 2011, to shareholders of record on May 9, 2011. The new payout has a yield of 1.8 percent.

Northrop Grumman Corporation (NOC) raised its dividend on April 27 6.4 percent to $0.50 a share. The dividend is payable June 11, 2011, to shareholders of record as of the close of business May 31, 2011. The new payout has a yield of 3.2 percent.

Coca-Cola Enterprises (CCE) raised its dividend on April 26th 6.4 percent to $0.13 a share. The dividend is payable June 23, 2011, to shareholderss of record on June 10, 2011. The new payout has a yield of 1.8 percent.

International Business Machines Corporation (IBM) raised its dividend on April 26th 15 percent to $0.75 a share. The dividend is payable June 10, 2011 to stockholders of record May 10, 2011. The new payout has a yield of 1.8 percent.

Price Targets on (CCE) (CHH) (CMCSA) (CNC) (CNX) Updated by Analysts

Coca-Cola Enterprises (NYSE: CCE), Choice Hotels (NYSE: CHH), Comcast Co. (NASDAQ: CMCSA), Centene Co. (NYSE: CNC) and CONSOL Energy Inc. (NYSE: CNX) get price targets updated today by analysts.

JPMorgan Chase & Co. (NYSE:JPM) raised their price target on Coca-Cola Enterprises (CCE) from $28.00 to $30.00. They have a “neutral” rating on the company.

Jefferies (NYSE:JEF) cut their price target on Choice Hotels (CHH) from $32.00 to $31.00.

Deutsche Bank (NYSE:DB) raised their price target on Comcast Co. (CMCSA) from $30.00 to $33.00.

JPMorgan Chase & Co. raised their price target on Centene Co. (CNC) from $29.00 to $38.00. They have a “neutral” rating on the company.

FBR Capital raised their price target on CONSOL Energy Inc. (CNX) from $59.00 to $65.00. They have an “outperform” rating on the company.

Dividend Yields for (HSY) (SJM) (TAP) (MKC) (CCE)

Indicated dividend yields for Standard & Poor's 500 Index companies Hershey Co (HSY), JM Smucker Co (SJM), Molson Coors Brewing Co (TAP), McCormick & Co Inc (MKC) and Coca-Cola Enterprises Inc (CCE).

These dividend data indicate dividend yields of companies in the Standard & Poor's 500 Index as of Saturday, April 30. The yield is determined by taking the latest declared dividend, annualized and divided by the price of the stock. Payout ratios are calculated based on latest quarterly dividend paid divided by earnings.

Hershey Co (HSY) has a dividend yield of 2.39 percent on a declared dividend of $0.34. The payout ratio is 48.9 percent.

JM Smucker Co (SJM) has a dividend yield of 2.34 percent on a declared dividend of $0.28. The payout ratio is 46.2 percent.

Molson Coors Brewing Co (TAP) has a dividend yield of 2.29 percent on a declared dividend of $0.28. The payout ratio is 46.9 percent.

McCormick & Co Inc (MKC) has a dividend yield of 2.28 percent on a declared dividend of $0.28. The payout ratio is 48.5 percent.

Coca-Cola Enterprises Inc (CCE) has a dividend yield of 1.83 percent on a declared dividend of $0.13. The payout ratio is 37.2 percent.

Ratings of (CCE) (CEG) (CHH) (CRR) (CRY) Downgraded

Analysts downgraded ratings of Coca-Cola Enterprises (NYSE: CCE), Constellation Energy Group (NYSE: CEG), Choice Hotels (NYSE: CHH), Carbo Ceramics (NYSE: CRR) and CryoLife, Inc. (NYSE: CRY) today.

UBS AG (NYSE:UBS) downgraded Coca-Cola Enterprises (CCE) from a “buy” rating to a “neutral” rating.

Wunderlich downgraded Constellation Energy Group (CEG) from a “buy” rating to a “hold” rating. They have a price target of $39.00 on the company, up from $36.00.

Wells Fargo & Co. (NYSE:WFC) downgraded Choice Hotels (CHH) from an “outperform” rating to a “market perform” rating.

Global Hunter Securities downgraded Carbo Ceramics (CRR) from an “accumulate” rating to a “neutral” rating.

The Benchmark Company downgraded CryoLife, Inc. (CRY) from a “buy” rating to a “hold” rating. They have a price target of $6.50 on the company, down from $7.00.

Coca-Cola (NYSE:KO) Acquisition of CCE NA Not Accretive Till 2012

The acquisition of CCE NA by Coca-Cola (NYSE:KO) won't be accretive until 2012, says UBS, saying it would have been in 2011 except of the pressures from commodities.

UBS says, "Following our most recent Coke-Tracker work (where we leverage our global analysts for local datapoints on KO’s quarter), we are reiterating our rating and raising our PT. We expect the CCE NA acquisition to have little impact on EPS before becoming accretive in ‘12. Our ‘11 EPS remains at $3.83. We note that if not for commodity pressures, the deal would have been accretive in ‘11."

UBS maintains a "Buy" rating on Coca-Cola, which was trading at $63.27, up $0.23, or 0.36 percent, as of 2:07 PM EST. UBS boosted their price target on Coca-Cola from $69 to $75.

Coca-Cola Enterprises (NYSE:CCE) Shares Should Continue on Upward Path

Citing fundamentals remaining in place, Barclays (NYSE:BCS) sees shares of Coca-Cola Enterprises (NYSE:CCE) continuing on an upward path going forward.

Barclays said, "Our FY11 EPS estimate remains $2.00 - slightly above the company's implied $1.91-$1.99 EPS guidance range. We are flowing through the shift in year-to-date earnings disclosed in today's release, which bumps our FY10 EPS estimate up to $1.78 (prior $1.76) and puts our full year estimate at the high end of management's $1.74-$1.78 range.

"What to Do With the Stock: The favorable underlying fundamentals for the business leading into 2011 should, in our view, keep CCE shares on a steady upward path. Of course, currency and European macro volatility will likely have an impact on the shares. We believe the local currency performance will be strong and our $28 price target is based on an - 8.5x EV/EBITDA multiple on FY11 EBITDA of - $1.4 billion (EV of - $11.7 billion) - a reasonable and, by no means, demanding valuation, in our opinion. Accordingly, we fully expect the shares to steadily grind up toward the very top end of our revised $24-$28 trading range (previously $23-$27)."

Barclays maintains an "Equalweight" on Coca-Cola Enterprises, which closed Monday at $25.15, down $0.10, or 0.40 percent. They have a price target of $28 on them.

Coca-Cola (NYSE:KO) a Gift That Keep on Giving Says Goldman (NYSE:GS)

Coca-Cola (NYSE:KO) continues to be the incremental growth powerhouse it has been for years, and even though they recently stated the recent acquisition of CCE's North American bottling won't have any effect on their EPS results in 2011, Goldman Sachs (NYSE:GS) sees several factors with the company to remain bullish on them.

Goldman said, "We forecast no accretion next year, but believe KO can still deliver healthy earnings growth on 5% volume growth driven by emerging markets, continued cost savings, healthy pricing, and incremental share buybacks activity."

EPS estimates for 2010 were lowered from $3.50 to $3.49, and remained the same for 2011, at $3.83.

Goldman maintains their "Buy" rating on Coke, which closed Wednesday at $64.74, up $0.84, or 1.31 percent. They raised their price target on them from $68 to $72.

Goldman (NYSE:GS) Shrinks Estimates on Coca-Cola (NYSE:KO), Philip Morris (NYSE:PM), Sara Lee (NYSE:SLE) and Coca-Cola Enterprises (NYSE:CCE) on Forex

Citing the strengthening of the U.S. dollar in the midst of the sovereign debt crisis in Europe, Goldman Sachs (NYSE:GS) has lowered their estimates on a number of food, beverage and tobacco stocks, with Goldman saying Coca-Cola (NYSE:KO), Philip Morris International, Inc. (NYSE:PM), Sara Lee Corp. (NYSE:SLE) and Coca-Cola Enterprises Inc. (NYSE:CCE) expected to have the most negative impact on them.

For the broader food, beverage, & tobacco sector, Goldman lowered the estimates by a range of 1 to 2 percent. For the companies named above, they're estimates were lowered by a range of 2 to 3 percent.

Below are the changed EPS estimates of Goldman for the companies in the sector:

Coca-Cola: reiterated FY10 EPS at $3.50, full year 2011 lowered from $3.90 to $3.83.

Coca-Cola Enterprises: kept full year 2010 EPS at $3.50, full year 2011 lowered from $2.04 to $1.99.

Kellogg Company (NYSE:K): maintained full year 2010 EPS at $3.29, full year 2011 lowered from $3.50 to $3.48

Campbell Soup (NYSE:CPB): cut full year 2011 EPS estimates from $2.50 to $2.48 and full year 2012 from $2.68 to $2.65.

Kraft Foods Inc. (NYSE:KFT): maintained full year 2010 EPS at $3.29, full year 2011 dropped from $2.28 to $2.25.

PepsiCo, Inc. (NYSE:PEP): maintained full year 2010 EPS at $4.12, full year 2011 lowered from $4.65 to $4.63.

Philip Morris International Inc.: full year 2010 lowered from $3.89 to $3.85, full year 2011 lowered from $4.62 to $4.45.

Sara Lee Corp.: full year 2011 EPS lowered form $0.86 to $0.84, full year 2012 lowered from $0.95 to $0.91.

Fortune Brands (NYSE:FO): reiterated full year 2010 EPS at $2.77, full year 2011 lowered from $3.68 to $3.66

Coca-Cola was trading at $64.64, gaining $1.47, or 2.32 percent at 1:16 PM EST. Coca-Cola Enterprises was at $24.65, increasing by $0.50, or 2.07 percent. Philip Morris International, Inc. was at $57.62, rising by $0.73, or 1.28 percent, Sara Lee Corp. was up to $15.29, increasing $0.29, or 1.93 percent. Kellog rose to $49.42, gaining $0.19, or 0.39 percent. Campbell Soup increased to $34.15, rising by $0.25, or 0.74 percent. Kraft pushed to $30.65, rising $0.40, or 1.32 percent. Pepsico pressed to $65.36, gaining $1.21, or 1.89 percent. Fortune Brands rose to $60.54, increasing by $1.45, or 2.45 percent.

Interesting that all the stocks mentioned by Goldman were up today in spite of the Forex concerns.