LONDON, UK / ACCESSWIRE / September 25, 2017 / Pro-Trader Daily takes a look at the latest corporate events and news making the headlines for The Procter & Gamble Co. (NYSE: PG) ("P&G"), following which we have published a free report that can be viewed by signing up at http://protraderdaily.com/optin/?symbol=PG. The Company announced on September 22, 2017, in response to the report issued by Glass Lewis & Co. regarding the election of directors to the P&G Board at the Company?s Annual Meeting of Shareholders to be held on October 10, 2017, that it was disappointed with Glass Lewis? conclusion for the selection of Nelson Peltz to the Company?s Board. For immediate access to our complimentary reports, including today?s coverage, register for free now at:

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The Nelson Peltz Rift

Glass Lewis recommended P&G?s shareholders to vote Trian Fund Management LP?s Nelson Pelt to the Company?s Board. The Company considered Peltz?s experience in the packaged goods and consumer brands industries to add significant heft to P&G?s Board. Activist hedge fund Trian disclosed a $3.5 billion stake in P&G earlier this year and announced the nomination of its co-founder, Peltz, to the Company?s Board, where this campaign represents the largest proxy fight ever against the $200 billion consumer products Company.

According to P&G, Nelson Peltz is not the right Director for the Company where it stated that Peltz lacks specific qualities P&G is looking for in Board members. The Company stated that its Board and management team spoke to numerous directors, CEOs, and senior executives who have worked with Peltz, and positive recommendations were not observed.

According to P&G, Peltz on the Board represents a constant risk of derailment. To support the statement, P&G stated that the weighted average shareholder return of Companies on which Peltz serves as a board member is 4%, while another Company has negative 10% returns. The particular Company has had negative volume growth every year since Peltz joined the Board, and current YTD organic sales growth is negative 1.0% versus positive 3.9% the year before Peltz joined. P&G argued that Peltz?s plan to boost shareholder value by organizing the Company into three largely autonomous business units would result in higher costs, lower profits, and another restructuring that could lead to the breakup of the Company.

The Announcement

P&G announced that it has met and exceeded all of its going-in FY17 objectives, including balanced top- and bottom-line growth, cash productivity, and cash delivered to shareholders. The Company also stated that post the CEO transition about two years ago, it has delivered total shareholder return of 28%, outperforming peers that delivered a TSR (total stockholder return) of 11%.

According to the Company, Glass Lewis failed to realize that P&G has delivered consistent and strong operating results over the last five years, excluding the effects of currency, while executing the transformation of the Company. P&G stated that it has delivered constant currency core EPS growth of 11% on average. Also, the core gross margin has improved 450 basis points and core operating margin has advanced by 610 basis points, excluding the effects of the currency. The Company?s constant currency core operating margin has advanced in every year at a rate of 50 basis points to 240 basis points per year.

Last Close Stock Review

On Friday, September 22, 2017, the stock closed the trading session at $92.24, slightly declining 0.43% from its previous closing price of $92.64. A total volume of 6.83 million shares have exchanged hands, which was higher than the 3-month average volume of 6.17 million shares. Procter & Gamble?s stock price advanced 3.15% in the last three months, 1.84% in the past six months, and 3.65% in the previous twelve months. Furthermore, since the start of the year, shares of the Company have gained 9.71%. The stock is trading at a PE ratio of 25.03 and has a dividend yield of 2.99%. At Friday?s closing price, the stock?s net capitalization stands at $235.92 billion.

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