41.88 +0.01 (0.01%)
After hours: 4:44PM EDT
|Bid||41.10 x 3000|
|Ask||42.82 x 27000|
|Day's Range||41.40 - 42.34|
|52 Week Range||32.63 - 54.37|
|PE Ratio (TTM)||26.20|
|Earnings Date||Aug 30, 2018|
|Forward Dividend & Yield||1.40 (3.33%)|
|1y Target Est||36.69|
Yahoo Finance’s Seana Smith on the stocks making headlines in midday trading Friday.
On August 17, Hain Celestial (HAIN) stock was down 31.4% on a YTD (year-to-date) basis. HAIN stock isn’t expected to get a boost from its upcoming fiscal fourth-quarter results, as analysts’ projections are downbeat. Hain Celestial faces multiple challenges. Escalating freight and commodity costs remain the primary concern for all packaged food manufactures.
The Kellogg Company (K) impressed with its financial performance in the first half of 2018, providing a strong foundation for growth in its stock. As of August 20, Kellogg stock has risen 30.1% since the company reported its first-quarter results on May 3.
Hain Celestial Group (HAIN) is scheduled to announce its fiscal fourth quarter results on August 28. Wall Street analysts expect Hain Celestial to report adjusted EPS of $0.26, compared to EPS of $0.43 delivered in the fiscal fourth quarter of 2017. Its adjusted net income is expected to reach $27.5 million, compared to net income of $44.4 million reported in the fourth quarter of fiscal 2017.
Hain Celestial Group (HAIN) is scheduled to report its fiscal fourth-quarter results on August 28. Analysts expect Hain Celestial to deliver sales of $629.9 million, representing a 13.1% decline on a YoY (year-over-year) basis. The persistent weakness in the US segment could drag down these sales numbers.
Shares of Tyson Foods (TSN) are down 23.0% on a YTD (year-to-date) basis as of August 17 despite the company’s healthy financial performance in the first three quarters of fiscal 2018. Analysts have a favorable outlook on Tyson Foods stock in the long term thanks to the growing demand for protein-rich foods. Amid challenges, Tyson Foods is restructuring its portfolio by divesting noncore brands and acquiring companies that fortify its protein business.
Hormel Foods’ (HRL) quarterly dividend payout stands at ~$0.19 per share. The company increased its dividend 10% in November 2017. Hormel Foods is a dividend aristocrat. The company has been paying increased dividends for the last 52 years. Hormel Foods started paying dividends in 1928.
Most of the analysts providing recommendations on Hormel Foods (HRL) have maintained a “hold” rating on the stock ahead of the third fiscal quarter results on August 23. As of August 16, of the 12 analysts covering the stock, 58% recommended a “hold,” 34% recommended a “buy,” and 8% recommended a “sell.”
For Hormel Foods (HRL), analysts’ consensus estimate for the adjusted EPS in the third fiscal quarter stands at $0.39, which represents 14.7% growth on a YoY (year-over-year) basis. Higher sales and the lower tax rate are expected to cushion the bottom line. Share repurchases also provide an upside to the EPS.
Hormel Foods (HRL) is scheduled to report its third fiscal quarter results on August 23. Analysts expect the company to report sales of $2.38 billion, which reflects 7.8% growth on a YoY (year-over-year) basis. The growth marks an improvement over the decline of 4.1% witnessed in the third fiscal quarter of 2017.
Campbell Soup has tapped investment bank Goldman Sachs to look at the possibility of selling off some of its businesses to help pay down debt left in the wake of its $6.1 billion acquisition of pretzel maker Snyder's Lance earlier this year, people familiar with the review tell CNBC.
Campbell Soup Company invites interested shareholders, investors, members of the media and consumers to listen to and view the slides accompanying its fourth-quarter and full-year fiscal 2018 earnings call and strategic review, which will be webcast live over the internet on Thursday, Aug.
Two different Campbell's soup cans honoring the Eagles Super Bowl win will be available at Acme starting Aug. 17.
This bull market is getting awfully long in the tooth. Stocks haven't recorded a 20% drop since March 9, 2009 - the beginning of the recovery from the Great Recession. At 3,444 days at last count, this bull market is on pace to set the all-time record on Aug. 22, surpassing the 3,452-day rally between Oct. 11, 1990. Nothing lasts forever, of course, and that will be true of the current bull market at some point. "Since we are back close to the highs for the S&P 500, risks of a pullback have certainly risen," Wall Street veteran Bill Stone told CNBC on Aug. 9. But even with a bear market nowhere in sight, some individual stocks may be in trouble. TipRanks' Stock Screener reveals stocks with a bearish analyst consensus rating - so while we often use the screener to identify stocks to buy, it's also useful in targeting stocks to avoid or even sell. Today, we'll look at seven stocks that have consensus hold or sell ratings from Wall Street right now, indicating that they could be trouble in the months ahead. We'll also share analysts' price targets on these stocks to avoid, and the pros' reasons as to why. SEE ALSO: 10 of the Market's Most Shorted Stocks
Campbell Soup (CPB) has disappointed investors with its financial performance in the past several quarters. To add to its pain, retaliatory tariffs from Canada, a tough retail environment in the United States, and margin headwinds, including higher manufacturing, packaging, and transportation costs, have further pressured its financials. Increased interest expenses are also expected to subdue its earnings.
Campbell Soup (CPB) stock, which recently spiked on the speculation that Kraft Heinz (KHC) was interested in acquiring the beleaguered soup company, is now under pressure. On August 10, JPMorgan downgraded CPB stock to “underweight,” and then the stock fell 2.2%. JPMorgan analyst Ken Goldman stated that shareholders would pressure the company’s management to look for a possible sale.
Millennials are eschewing its processed food and retail consolidation is squeezing its profit margins. Campbell’s heirs and heiresses have their work cut out. In response to weakening soup sales, former boss Denise Morrison spent $6bn buying pretzel maker Snyder’s-Lance at a whopping multiple of 20 times ebitda, a cash earnings measure.
Kraft Heinz (KHC) is exposed to the dead zone, with products such as Heinz Ketchup, Kraft macaroni and cheese, Kool-Aid, Jell-O, Capri Sun drinks, Maxwell House coffee, and Planters nuts. The company is also vulnerable to increasing private-label competition for its chilled products, including Kraft cheese and Oscar Mayer cold cuts. Talk of consolidation in the food business has put renewed attention on Kraft Heinz, seen as the company most likely to gobble up rivals.
Activist investor Daniel Loeb is teaming with a descendant of the Campbell Soup family to push for a sale of the company.
Shares of Campbell Soup Co. slid 1.2% in midday trade Friday, after J.P. Morgan analyst Ken Goldman turned bearish on the convenience foods company, on the belief that optimism surrounding a potential buyout may be unwarranted. The stock had rallied 2.5% to a near 4-month high on Aug. 3, after The New York Post reported that Kraft Heinz Co. (khc) opened exploratory talks about acquiring Campbell. "Although we agree with Third Point that [Campbell's] best option is to sell, we see a sale as an unlikely outcome," Goldman wrote in a note to clients.
Billionare Dan Loeb, hedge fund manager and leader of Third Point, is calling for the sale of Campbell Soup Co. ( CPB). According to a securities filing filed with the SEC and reported on by CNBC, Loeb's hedge fund recently bought up a 5.65% stake in the food company. Loeb is taking an activist approach and is reportedly planning a partnership with shareholder George Strawbridge in order to call for the sale of the company.
Activist investor and major Campbell Soup Company (NYSE: CPB ) shareholder Dan Loeb is pushing the soup company to sell itself, but this is an unlikely outcome, according to JPMorgan. The Analyst JPMorgan's ...