36.32 0.00 (0.00%)
After hours: 4:48PM EDT
|Bid||36.41 x 1000|
|Ask||36.42 x 800|
|Day's Range||36.28 - 36.71|
|52 Week Range||32.03 - 44.21|
|Beta (3Y Monthly)||0.69|
|PE Ratio (TTM)||N/A|
|Earnings Date||May 16, 2019 - May 20, 2019|
|Forward Dividend & Yield||1.40 (3.89%)|
|1y Target Est||35.62|
Whenever I see a headline in the Wall Street Journal like the one from a few weeks ago that declared that consumer staples stocks had "fallen out of favor" with investors, I am reminded of Warren Buffett's famous aphorisms about investing.Buffett urges investors "to be fearful when others are greedy and to be greedy only when others are fearful."Indeed, the S&P 500 Consumer Staples Index has jumped more than 9% since the start of the year, underperforming the broader market, which gained more than 13% during that same time period. Even though many stocks in the sector are trading at or near their average 52-week price targets, there are a few names that have some gas left in their tanks.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 5 of the Best Stocks to Buy Under $10 Let's take a closer look at three of these consumer stocks, which are among the best stocks to buy in the sector now. Campbell Soup (CPB)Source: Meal Makeover Moms via Flickr (Modified)Year-to-Date Gain: 12% Forward Price-to-Earnings Ratio: 14.3 Market Capitalization: $10.98 billion Average 52-Week Price Target: $35.62The turnaround at Campbell Soup (NYSE:CPB) is for real. CPB's latest earnings report exceeded Wall Street's expectations and the food company is making progress in unwinding former CEO Denise Morrison's ill-advised expansion into the fresh food business and it is also unloading its international operations. Earlier this month, CPB sold its Garden Fresh salsa business, which it acquired for $232 million in 2015, for $60 million. A sale of Bolthouse Farms, which Campbell acquired for $1.55 billion in 2012, is also in the works. CPB will take a loss on this sale as well.Indeed, under Morrison's leadership, CPB wrote more than $1.4 billion from the value of the business it bought. Her acquisitions weren't a total bust, but they weren't bargains either.Campbell acquired Snyder's-Lance for $6 billion last year to increase its foothold in the fast-growing snack market. Snacks were a bright spot in CPB's recent better-than-expected earnings report. The company's soup business, which has been in decline for years, is also showing signs of improvement. Billionaire Activist Investor Dan Loeb is a big holder of CPB stock and controls two board seats. Church & Dwight (CHD)Source: slgckgc via Flickr (Modified)YTD Gain: 3% Forward P/E: 24.8 Market Cap: $16.2 billion Average 52-Week price target: $64.53Church & Dwight (NYSE:CHD) stock is reeling from a disappointing earnings report and lackluster guidance that ended its streak of eight straight earnings beats. The corporate parent of Arm & Hammer, though, has got plenty going for it, including an eclectic portfolio of brands including Trojan condoms, Orajel dental care and the OxiClean line of stain fighter and laundry detergents. Let's not forget its best-known product Arm & Hammer Baking Soda. According to the company, half of all refrigerators have the product, which also is used to bake cookies, purify the blood of kidney dialysis patients and treat swimming pools. According to CHD, seven of the company's 11 "power brands" maintained or gained market share in 2018. * 7 Video Game Stocks on Steep Discount CHD expects organic sales to jump 3.5% in 2019, its biggest gain since 2014. Unlike other consumer products companies, CHD doesn't have much competition from private label brands. CHD is also getting a nice bump from its e-commerce business, which made up about 8% of its sales. Furthermore, it should benefit from its expansion overseas, price increases and innovative products like The Waterpik Sonic Fusion, which enables people to brush and floss simultaneously. Clorox (CLX)Source: Mike Mozart via Flickr (Modified)YTD Gain: 4% Forward P/E: 23.2 Market Cap: $20.1 billion Average 52-Week Target: $152.27Best-known as a maker of bleach, Clorox (NYSE:CLX) is one of the least sexy companies in the Fortune 500. However, as CEO Benno Dorer noted during a recent industry conference, CLX stock has outperformed the S&P 500 over the last year, three years, five years, 10 years and 20 years. And it has been in the top quartile of its peer group. "We know how to deliver shareholder return and we know how to do it well," Dorer said. Indeed, more than 80% of its product portfolio in the U.S. and international markets are either ranked No. 1 or No. 2 in their respective spaces. Among its brands are Glad trash bags, Liquid Plummer, Burt's Bees personal care products, Pine-Sol household cleaners and Fresh Steps cat litter.CLX's latest earnings report was solid, beating Wall Street's expectations. One area of weakness was its Household business, where trash bags and food storage product sales fell because of "heightened competitive activity." Other companies, including Tupperware, are in the same situation. The company is planning to increase its marketing spending to boost Glad sales. As of this writing, Jonathan Berr did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Invincible Stocks Leading The Bull Market Higher * 5 Dow Jones Stocks Coming to Life * 7 of the Best High-Yield Funds for 2019 and Beyond Compare Brokers The post 3 Out-of-Favor Consumer Stocks to Buy appeared first on InvestorPlace.
What to Expect from McCormick’s First-Quarter Results(Continued from Prior Part)Analysts’ estimatesWall Street expects McCormick & Company (MKC) to post adjusted EPS of $1.03 in the first quarter of fiscal 2019, a YoY (year-over-year)
What to Expect from McCormick’s First-Quarter ResultsSales and earnings growth could slowMcCormick & Company (MKC) is expected to announce its earnings results for the first quarter of fiscal 2019 on March 26. We expect the company to sustain
McCormick (MKC) is likely to continue gaining from its focus on strengthening portfolio through innovation and buyouts. However, high brand marketing and freight expenses pose threats.
What Could Stall MDLZ, CPB, GIS, and SJM’s Uptrend(Continued from Prior Part)GIS stock outperforms peers General Mills (GIS) stock had risen 21.9% this year as of yesterday, outperforming peers. Mondelēz (MDLZ), J.M. Smucker (SJM), Campbell Soup
What Could Stall MDLZ, CPB, GIS, and SJM’s Uptrend(Continued from Prior Part)Growth to decelerate Campbell Soup (CPB) stock had risen 8.0% this year as of yesterday. The company’s fiscal 2019 second-quarter results were impressive, driven by
Editor's note: InvestorPlace's Earnings Reports to Watch is updated weekly. Please check back next week for our latest earnings picks.In this space, I've worried about what might happen to the broad market when the earnings calendar lightened. Strong earnings reports helped the market during earnings season. My concern was what might happen when the focus returned to external factors like trade wars and the macroeconomic cycle.On that front, however, it has been so far, so good. The S&P 500 sits just off YTD highs. The index has recovered all of the losses from the sharp December sell-off, though it still sits below early October (and all-time) highs.InvestorPlace - Stock Market News, Stock Advice & Trading TipsWith the next earnings season still about five weeks away, it will be interesting to see if bullishness holds until then. * 15 Stocks That May Be Hurt by This Year's Big IPOs The earnings coming next week, while not likely to move the entire market, could help on that front. Earnings reports from leaders in three key sectors will show the health of those industries. As important as those industries are to the economy as a whole -- and the market as a whole -- the earnings calendar next week could matter more than it appear at first glance. General Mills (GIS)Source: Shutterstock Earnings Report Date: Wednesday, March 20, before market openGeneral Mills (NYSE:GIS) looks awfully dicey ahead of its fiscal-third-quarter earnings report on Wednesday morning. It was a year ago that GIS stock plunged after disappointing guidance. By December, GIS was trading at a six-year low.And yet the stock has rallied sharply since. General Mills stock has risen nearly 30% off those lows. And while GIS looks cheap, the risks seem obvious. Branded CPG players have struggled badly of late: Kraft Heinz (NASDAQ:KHC) and Campbell Soup (NYSE:CPB) are just two of the stocks that have dropped sharply after disappointing earnings reports.General Mills is going to need strong earnings next week to avoid a similar fate, particularly after the recent rebound in its share price. That seems likely to require strength in the Blue Buffalo business acquired last year. Strength there could drive investor confidence that General Mills can be successful pivoting away from weaker categories like cereal and yogurt. Any stumble, however, and GIS will have a long way to fall. Micron (MU)Source: Shutterstock Earnings Report Date: Wednesday, March 20, after market closeFor chipmaker Micron Technology (NASDAQ:MU), fiscal-second-quarter earnings may not lead to the fireworks investors might be expecting. MU stock fell sharply in the second half of 2018, as did many semiconductor stocks. Even with 24% gains so far this year, however, investors remain skeptical: Micron still trades at barely over 6x forward earnings.The concern here is that Micron earnings are declining -- and will continue to decline going forward. Analysts are projecting a sharp drop in EPS: $1.70 this quarter against $2.82 the year before. At the moment, that trend is expected to continue into fiscal 2020 as well.It seems unlikely that Micron can reverse the narrative with a single earnings report. But earnings next week could at least convince investors that the worst is over - and that the company is reacting well to industry changes. * 7 Winning High-Yield Dividend Stocks With Payouts Over 5% Meanwhile, management commentary on demand, supply, and pricing will be closely watched across the sector. Stocks like Western Digital (NASDAQ:WDC) and Seagate Technology (NASDAQ:STX) could move on Micron earnings next week. And a truly strong quarter from Micron could add to the growing sense that the bottom is in for chip stocks. Nike (NKE)Source: Shutterstock Earnings Report Date: Thursday, March 21, after market closeNike (NYSE:NKE) heads into earnings next week in a very different manner. NKE trades just off an all-time high. The question for Nike is whether it can keep the momentum going, after a string of impressive earnings reports.There are questions for the rest of the market as well. The first is whether investors can push the stock any higher. NKE isn't cheap, at almost 28x forward earnings. And it will be interesting to see whether the market puts a ceiling on even such an attractive business. If it does, that could signal an increasing focus on valuation over growth.The second is just how strong Nike sales are in North America, in particular. Ahead of a series of consumer earnings reports next month, Nike earnings could signal the willingness of consumers to spend up. Nike's sneakers -- especially those on the higher end -- are hardly discretionary. Any weakness in Nike sales could signal that consumer spending might be headed for a tightening.To be sure, Nike earnings next week aren't likely to move the market. But they could give investors a hint a few weeks before the earnings reports arrive that can.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Dividend Stocks to Buy Today * 7 ETFs to Buy to Ride the Longevity Economy * 7 Winning High-Yield Dividend Stocks With Payouts Over 5% Compare Brokers The post 3 Earnings Reports to Watch Next Week appeared first on InvestorPlace.
Conagra's (CAG) Q3 results to gain from prudent buyouts. However, high input costs related to logistics, packaging and certain ingredients are worries.
Sysco's (SYY) U.S. Foodservice unit has been performing well for quite some time now. However, the company's International unit continues to deliver a mixed performance.
Conagra Brands' Q3 of Fiscal 2019: Here’s What to Expect(Continued from Prior Part)Consensus estimate Analysts expect Conagra Brands (CAG) to post adjusted earnings of $0.49 per share in the third quarter of its fiscal year, which implies a
Conagra Brands' Q3 of Fiscal 2019: Here’s What to Expect(Continued from Prior Part)Analyst estimates Analysts expect Conagra Brands (CAG) to report solid sales in the third quarter of fiscal 2019. Analysts expect Conagra Brands to post net sales of
Conagra Brands' Q3 of Fiscal 2019: Here’s What to ExpectSales to accelerate, but earnings could disappointConagra Brands (CAG) is expected to announce its third quarter of fiscal 2019 results on Thursday, March 21. Its top-line growth rate is
Will Weak Q3 Earnings Drag General Mills Stock Down?(Continued from Prior Part)Analysts’ recommendationsAnalysts have a consensus target price of $45.35 per share on General Mills (GIS) stock, which implies a downside of 3.3% based on its closing
Will Weak Q3 Earnings Drag General Mills Stock Down?(Continued from Prior Part)Analysts’ estimate Analysts expect General Mills (GIS) to post an adjusted EPS of $0.69, which implies a decline of 12.7% YoY (year-over-year). Analysts expect higher
Will Weak Q3 Earnings Drag General Mills Stock Down?General MillsGeneral Mills (GIS) is expected to report its third-quarter results on March 20. Analysts expect the company to sustain the momentum in its net sales and record high single-digit
Campbell Soup Co NYSE:CPBView full report here! Summary * Perception of the company's creditworthiness is neutral * Bearish sentiment is moderate and increasing * Economic output in this company's sector is expanding Bearish sentimentShort interest | NegativeShort interest is moderately high for CPB with between 10 and 15% of shares outstanding currently on loan. This represents an increase in short interest as investors who seek to profit from falling equity prices added to their short positions on March 1. Money flowETF/Index ownership | NeutralETF activity is neutral. ETFs that hold CPB had net inflows of $5.41 billion over the last one-month. While these are not among the highest inflows of the last year, the rate of inflow is increasing. Economic sentimentPMI by IHS Markit | PositiveAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Goods sector is rising. The rate of growth is strong relative to the trend shown over the past year. Credit worthinessCredit default swap | NeutralThe current level displays a neutral indicator. CPB credit default swap spreads are near their highest levels of the last 3 years, which indicates the market's more negative perception of the company's credit worthiness.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Why Kraft Heinz Stock Looks Unattractive despite ~33% Drop(Continued from Prior Part)Factors to hurt EPSKraft Heinz’s (KHC) bottom line has remained under pressure in the past two quarters and disappointed investors. Kraft Heinz’s bottom line
The selloff in 2018's final quarter left many great companies in beaten-down territory, pushing yields for some dividend stocks to near-record highs. And despite the recovery in 2019, many of these same stocks still sport yields that are far better than their historical averages.But while some of these represent true bargains, some are dividend traps - high-yielding companies hampered by excessive risk and/or fading prospects. Dividend traps entice with rich yields almost like a siren song, only to disappoint later with dividend cuts.Even well-known companies aren't immune. Consider General Electric (GE), which once was among the bluest of blue chips but has slashed its payout twice in as many years. Another familiar name, Anheuser Busch InBev (BUD), halved its dividend in October because it had to deal with onerous debt.Unusually high yields can be a warning sign of a dividend trap, but they don't have to be. For some real estate investment trusts (REITs) and other areas of the market, well-above-market yields are the norm.But do watch out for factors such as overly leveraged balance sheets. Lenders, not equity holders, have a senior claim on company assets. So when interest rates rise high enough, companies may be forced to choose between dividends or interest payments. And of course, watch out for high payout ratios. Even the best-run businesses encounter obstacles, and companies that are really stretching their profits to fund the dividend might be forced to cut back when earnings thin out.Here are 12 high-yielding dividend stocks that possess many characteristics of a trap. Some yield slightly better than the market average, while others are flashing yields well into the teens. SEE ALSO: 14 Blue-Chip Dividend Stocks Yielding 4% or More
By Val Srinivas, Robert Lamm, and Tiffany Ramsay of The Deloitte Center for Financial Services and The Deloitte Center for Board Effectiveness. Digital transformation is high on the agenda for financial institutions’ boards of directors. However, what we have found in recent interviews with board members and corporate secretaries is that boards rarely, if ever, […]
NEW YORK, March 05, 2019 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.
Is Campbell Soup Stock Heading for a Decline?(Continued from Prior Part)Analysts suggest a “sell” on CPB stock Campbell Soup (CPB) posted a better-than-expected quarterly performance. However, that wasn’t good enough to lift analysts’ ratings
Susan Eichen, Partner, Mercer’s Executive Law & Regulatory Group With more scrutiny on a wide range of compensation practices, companies are under pressure to develop a fine-tuned approach going into proxy season. Mercer Partner Susan Eichen, who recently published a list of six tips to tackle such issues, spoke to CorpGov about a range […]