|Bid||33.19 x 1400|
|Ask||38.30 x 800|
|Day's Range||37.08 - 37.71|
|52 Week Range||32.16 - 40.24|
|PE Ratio (TTM)||17.49|
|Earnings Date||Jun 27, 2018 - Jul 2, 2018|
|Forward Dividend & Yield||0.85 (2.30%)|
|1y Target Est||41.79|
In this daily bar chart of CAG, below, we can see that prices have been stuck in a six month sideways trading range or consolidation pattern. The movement of the moving averages is interesting or perhaps confusing. Prices have been crossing above and below the 50-day moving average line when the slope has been bullish and bearish.
CHICAGO , May 24, 2018 /PRNewswire/ -- Conagra Brands, Inc. (NYSE: CAG) today announced, effective July 17, 2018 , the appointment of Anil Arora as director, which will increase the size of its board of ...
NEW YORK , May 23, 2018 /PRNewswire/ -- Purcell Julie & Lefkowitz LLP, a class action law firm dedicated to representing shareholders nationwide, is investigating a potential breach of fiduciary duty claim ...
The Campbell Soup Company (CPB) reported net sales of $2.1 billion in its fiscal third quarter, a rise of 14.7% on a YoY (year-over-year) basis. Strong sales from its recently acquired brands and favorable currency rates drove the company’s top line growth rate. The company’s acquisitions of Pacific Foods and Snyder’s-Lance contributed 14% to its net sales growth rate.
The Campbell Soup Company (CPB) continued to report sluggish margins as higher-than-expected inflation in commodities and transportation costs remained a drag. During its fiscal third quarter, Campbell Soup’s adjusted gross margin contracted 390 basis points to 32.0%, reflecting a negative impact of 320 basis points due to inflation in commodities. The new tariffs will likely further accelerate inflation in raw materials, including dairy, meat, wheat, resins, and steel cans.
The Campbell Soup Company (CPB) reported better-than-expected fiscal Q3 2018 earnings (for the period ended on April 29) on May 18. Campbell Soup’s adjusted EPS (earnings per share) of $0.70 handily surpassed analysts’ expectation of $0.60 and rose 18.6% on a YoY (year-over-year) basis.
Conagra Brands (CAG) poised to grow on the back of brand modernizing moves, stronger innovation, buyouts, strategic divestments and lower tax rates.
Shares in Davis-based Arcadia Biosciences Inc. jumped Tuesday following the announcement of the addition of a food industry veteran to its board of directors.
Campbell Soup’s (CPB) fiscal 3Q18 earnings per share (or EPS) are projected to improve on a YoY (year-over-year) basis. However, its rate of growth is expected to remain low. Analysts expect Campbell Soup to report adjusted EPS of $0.61, up 3.4% on a YoY basis.
Hain Celestial’s (HAIN) margin performance remains under pressure as the company faces increasing commodity and freight costs. Higher brand marketing investments also remain a drag.
It’s transitioning over time, and that’s bullish for consumer stocks since a fast rise in prices means consumers will slow spending or choose value brands over name brands. Now that this scenario isn’t coming to pass, I wanted to highlight seven consumer goods stocks that will rise again. Tata Motors Limited (ADR) (NYSE:TTM) is an India-based commercial and consumer vehicle manufacturer.
Projects deliver more than $5 million in savings for the company CHICAGO , May 9, 2018 /PRNewswire/ -- Conagra Brands, Inc. (NYSE: CAG) today celebrated employees' commitment to sustainability throughout ...
Kellogg’s (K) gross profit margin continued to decline in 1Q18. Its gross profit margins decreased 120 basis points to 36.3% as benefits from improved volumes and cost-saving measures were more than offset by a list price adjustment due to its DSD (direct-store delivery) transition, which had an adverse impact of 125 basis points.
Kellogg (K) sustained its sales momentum and reported stronger-than-expected top-line growth in 1Q18. Its top line was $3.4 billion, which exceeded analysts’ expectation and increased 4.7% on a YoY (year-over-year) basis. Incremental sales from recently acquired RXBAR and Parati drove the company’s top-line growth. Favorable currency rates further supported its sales growth rate. However, list price adjustments and a softness in cereals continued to be a drag.
ConAgra Brands Inc, the maker of Hunt's ketchup and Marie Callender's microwave dinners, said on Friday it had ended a standstill agreement with Jana Partners LLC, the activist hedge fund pushing for a sale of Pinnacle Foods Inc. The termination of the agreement, which dates back to 2015 when ConAgra and Jana reached a deal for two new mutually agreed directors to join ConAgra's board, allows Jana to more freely push both ConAgra and Pinnacle Foods to explore a combination.
Kraft Heinz’s (KHC) improved bottom-line performance in 1Q18 failed to lift analysts’ sentiments as two analysts lowered their price targets on KHC stock. Morgan Stanley reduced its target price to $66.00 from $73.00 per share, and Susquehanna dropped its target price to $59.00 from $63.00. The chart below shows that analysts have reduced their target prices on Kraft Heinz stock since February.
Kraft Heinz (KHC) reported better-than-expected adjusted earnings in 1Q18. Kraft Heinz’s adjusted EPS (earnings per share) of $0.89 surpassed the Wall Street estimate of $0.82 and increased 6.0% on a YoY (year-over-year) basis. A decline in the effective rate and cost savings supported the company’s EPS in 1Q18.
Hain Celestial Group (HAIN) is set to report its fiscal 3Q18 earnings on May 8. Analysts expect sales growth of 5.8% and adjusted EPS (earnings per share) growth of 42.4%. The company is likely to benefit from its SKU streamlining efforts and strong expense discipline. Acquisitions are also likely to help its financial performance.
Kraft Heinz (KHC) reported mixed 1Q18 results on May 2. As expected, Kraft Heinz’s organic sales marked a YoY (year-over-year) decline, reflecting lower volumes due to the persistent challenges in Planters and Ore-Ida as well as with retail inventory reductions in Canada. Plus, its net sales fell short of analysts’ expectations. The company’s 1Q18 sales included benefits from a shift in the timing of Easter to 1Q18 from 2Q18.
For fiscal 3Q18, Hain Celestial Group (HAIN) is expected to report an adjusted gross margin of 21.8% compared to 20.3% in fiscal 3Q17. Analysts expect operating expenses to increase 3.8% to $90.4 million. Despite that increase, its adjusted operating profit is expected to be $72.8 million, up 29.4%.
TheStreet's founder and Action Alerts PLUS Portfolio Manager Jim Cramer sheds light on the rebound in the consumer packaged goods stocks, such as Kraft Heinz, ConAgra, Kellogg's, and Procter & Gamble.
Mondelēz (MDLZ) reported better-than-expected 1Q18 results. The company’s top line is showing signs of improvement led by improved volumes and pricing. The company’s sales are projected to benefit from continued strength in power brands and growth in the Europe and AMEA regions. However, tough YoY comparisons and challenges in North America are likely to hurt the company’s top-line growth rate.
Hain Celestial Group (HAIN) is scheduled to announce its fiscal 3Q18 results on May 8. Wall Street analysts project adjusted EPS (earnings per share) of $0.47. That compares to $0.33 in 3Q17. Adjusted net income is expected to be $49.1 million compared to net income of $34.9 million.
Packaged food manufacturers’ margins are taking a hit from inflation in raw material and packaging costs. Plus, higher supply-chain costs owing to the rise in logistics and freight further remains a drag. Also, increased promotional spending to drive volumes and a tough retail environment continue to hurt profitability.
Hain Celestial Group (HAIN) is scheduled to report its fiscal 3Q18 earnings results on May 8. Analysts expect the company to report sales of $747.2 million, representing a 5.8% growth on a YoY (year-over-year) basis. Strategic initiatives such as brand building, SKU (stock keeping unit) optimization, and acquisitions are likely to drive its top-line growth.