|Bid||0.00 x 800|
|Ask||0.00 x 4000|
|Day's Range||32.27 - 33.24|
|52 Week Range||31.86 - 39.43|
|Beta (3Y Monthly)||0.28|
|PE Ratio (TTM)||15.88|
|Earnings Date||Dec 19, 2018 - Dec 24, 2018|
|Forward Dividend & Yield||0.85 (2.47%)|
|1y Target Est||41.17|
Yahoo Finance's Seana Smith highlights today's stocks on the move in midday trading.
Advanced Micro Devices (NASDAQ:AMD) and Bank of America (NYSE:BAC) led the way. AMD finished the session 3.3% higher as investors once again rushed back to the bullish side of the spectrum, though for the record, Advanced Micro Devices was down more than 6% in after-hours trading after rival Nvidia (NASDAQ:NVDA) posted disappointing third-quarter results. BofA was up 2.5% mostly because the market’s rising tide lifted banks first and foremost.
Hormel Foods is slated to report its fourth-quarter results on November 20. Its reduced tax burden is likely to support its bottom-line performance. Analysts expect adjusted EPS growth of 18.7% to $0.47 for the fourth quarter. Hormel Foods is expected to report a 3.0% increase in sales to $2.57 billion in the fourth quarter.
Leverage from strong sales and margin expansions have helped McCormick (MKC) to exceed analysts’ expectations in the past several quarters. McCormick surpassed Wall Street’s expectations in the past seven consecutive quarters and reported double-digit growth in its earnings in the past four consecutive quarters.
On November 14, Hormel Foods Corporation (HRL) was trading at a 12-month forward PE multiple of 24.3x. Meanwhile, Tyson Foods (TSN) is trading at a 12-month forward PE ratio of ~9.7x. Pilgrim’s Pride (PPC), Sanderson Farms (SAFM), ConAgra (CAG), and Campbell Soup (CPB) are trading at 12-month forward PEs of 10.3x, 53.5x, 14.2x, and 15.4x, respectively, as of November 14.
McCormick (MKC) has outperformed its peers with its margin performances in the past several quarters and has managed to expand its margins at an exceptional rate despite higher freight costs.
CHICAGO , Nov. 15, 2018 /PRNewswire/ -- As the nation comes together to encourage and enable recycling for America Recycles Day , Conagra Brands (NYSE:CAG) is recognizing seven facilities that have diverted ...
As of November 14, of the 12 analysts covering Hormel Foods’ (HRL) stock, 17% recommend a “buy” while 67% recommend a “hold” and the remaining 16% recommend a “sell.”
Wall Street’s consensus estimates for Hormel Foods’ (HRL) adjusted EPS in the fourth quarter of fiscal 2018 stand at $0.49, representing 18.7% growth year-over-year. Higher sales and a lower tax rate are expected to cushion the bottom line. Share buybacks also provide some upside to the EPS.
Hormel Foods (HRL) is slated to report its results for the fourth quarter of 2018 on November 20. Wall Street analysts expect the company to report sales of $2.57 billion, which reflects 3.0% growth on a year-over-year basis. The growth marks an improvement over the decline of 5.2% in the fourth fiscal quarter of 2017.
McCormick (MKC) has impressed with its top line performance in the past four quarters, with its net sales increasing at an average rate of 22.4% in the period. Incremental sales from its acquired brands, continued strength in its core business, new products, and a mix shift toward value-added products supported the company’s top line growth.
The majority of Wall Street analysts covering McCormick (MKC) have maintained “hold” recommendations on its stock, implying that Wall Street missed out. In contrast, analysts maintain favorable outlooks on Conagra Brands (CAG), the Kraft Heinz Company (KHC), and Mondelēz (MDLZ) stock in the food sector. Currently, Wall Street has mostly “hold” recommendations on McCormick stock, which seems justified, as it’s already risen 44.9% YTD (year-to-date), with most of the positives already priced in.
Investors Who Overlooked the Food Sector Missed Out on McCormickMcCormick outperforms broader markets and peers
New Modern Nutrition Bowls and New Morning Offerings Give People More of the Foods They're Looking for in the Freezer Aisle BOULDER, Colo. , Nov. 14, 2018 /PRNewswire/ -- EVOL® Foods , a Boulder -based ...
Tyson Foods (TSN) posted net sales of $10.0 billion in the fourth quarter. The company’s net sales fell short of analysts’ expectation of $10.3 billion and declined 1.4% on a YoY (year-over-year) basis. Tyson Foods’ top line also declined sequentially.
Looking at Conagra Brands Inc’s (NYSE:CAG) earnings update in August 2018, analyst consensus outlook appear cautiously optimistic, with profits predicted to increase by 19% next year relative to the past Read More...
Through Multi-Year Grant To The New Chance Fund & Chicago Public Schools CHICAGO , Nov. 8, 2018 /PRNewswire/ -- Conagra Brands, Inc. (NYSE: CAG) today presented Chance the Rapper a grant to Chicago Public ...
U.S. health regulators said https://www.fda.gov/Food/RecallsOutbreaksEmergencies/Outbreaks/ucm625148.htm?utm_campaign=CFSAN%20Outbreak%3A%20Duncan%20Hines%20Cake%20Mixes%20Potentially%20Linked%20to%20Salmonella%20Agbeni%20Illnesses&utm_medium=email&utm_source=Eloqua ...
Additionally, this was an improvement in sentiment as investors who seek to profit from falling equity prices reduced their short positions on October 30. Index (PMI) data, output in the Consumer Goods sector is rising.
Is Conagra Brands Inc (NYSE:CAG) a good stock to buy right now? We at Insider Monkey like to examine what billionaires and hedge funds think of a company before doing days of research on it. Given their 2 and 20 payment structure, hedge funds have more resources than the average investor. The funds have access to […]
Inc. has recalled certain Duncan Hines cake mixes due to salmonella concerns. The company said a positive finding of salmonella in a retail sample of Duncan Hines Classic White cake mix may be linked to an outbreak being investigated by the Centers for Disease Control and Prevention and the Food and Drug Administration. Five salmonella illnesses are being researched, Conagra said.