Stocks to Watch: DIS, IGT, GMCR & More

Take a look at some of Wednesday's morning movers:

Walt Disney - Disney reported fiscal second-quarter profits of $0.58 per share, three cents above estimates, with revenues also above consensus. Chairman/CEO Bob Iger tells CNBC there will be a sequel to the smash hit movie “The Avengers.”

International Game Technology - The company issued a statement of support for CEO Patti Hart, who’s been embroiled in controversy in her role as a member of Yahoo’s board of directors. IGT says its own board has reviewed Hart’s academic credentials and found no inconsistencies. Yahoo is currently in the process of doing a similar review involving its CEO Scott Thompson.

Macy's - The retailer reported first-quarter profit of $0.43 per share, three cents above estimates. CEO Terry Lundgren credits continuing sales and earnings momentum, as well as strategies such as localization of merchandise offerings.

Dean Foods - The food and beverage maker reported quarterly profit of $0.31 per share, excluding certain items, above estimates of $0.21 cents. The company says it saw growth across all its segments, supported by tight control of expenses.

SodaStream - The producer of home soda-making systems earned $0.55 per share for its first quarter, excluding certain items. That was seven cents above estimates, with revenue also trouncing consensus. It's also raising its 2012 earnings guidance.

Green Mountain Coffee Roasters - The company has stripped chairman and founder Robert Stiller of his title, after finding that one of Stiller’s stock sales violated company policy on internal trading. Lead director William Davis has also been removed from that role in connection with his own stock sales.

Avon Products - Fitch has cut Avon's debt ratings, while issuing a "stable" outlook. Fitch says the downgrade reflects the cosmetics company’s negative free cash flow from operations during the past two years and the first quarter of this year.

GlaxoSmithKline - The drugmaker is taking its $2.6 billion takeover bid for Human Genome Sciences directly to shareholders through a $13 per share tender offer. Human Genome has already said Glaxo’s bid is too low.

Toyota Motor - The automaker says it expects to triple its operating profits this year. That would put those profits at more than $12.5 billion, the highest since the financial crisis in 2008.

Ingersoll-Rand - Nelson Peltz’s Trian Fund Management is reporting a more than 7 percent stake in the industrial conglomerate, saying the shares are undervalued.

Demand Media - The operator of websites such as eHow and LiveStrong reported fiscal first-quarter profit of $0.07 per share, two cents above estimates. Revenue beat consensus and the company also raised its 2012 outlook on improving ad revenue and customer traffic.

EOG Resources - The natural gas and oil producer earned $1.17 per share for the first quarter, one cent above estimates, as it benefited from increased output and higher prices.

American International Group - Goldman Sachs has upgraded the stock to "buy" from "neutral," saying this year will be full of catalysts for the insurance company that are made even more compelling by the stock's low valuation.

Dow Chemical - Morgan Stanley has upgraded the chemical maker's stock to "overweight" from "equal weight."

—By CNBC’s Peter Schacknow

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