|Bid||163.48 x 1200|
|Ask||163.57 x 1100|
|Day's Range||162.90 - 163.78|
|52 Week Range||131.43 - 164.55|
|Beta (3Y Monthly)||0.48|
|PE Ratio (TTM)||25.57|
|Forward Dividend & Yield||2.74 (1.68%)|
|1y Target Est||156.62|
The Causeway International Value (Trades, Portfolio) Fund released its fourth-quarter 2018 portfolio earlier this week. Warning! GuruFocus has detected 5 Warning Sign with XTER:LIN. The fund, which is part of Sarah Ketterer (Trades, Portfolio)'s Los Angeles-based Causeway Capital Management, was founded in 2001.
I didn't think it could get much worse for Kraft Heinz (NASDAQ:KHC), but it did. Standard and Poor's put the company on CreditWatch negative for failing to file its annual report with the SEC. Down went Kraft Heinz stock hitting a 52-week and all-time low. Source: Mike Mozart via FlickrInvestorPlace - Stock Market News, Stock Advice & Trading TipsIf there was any doubt that KHC was in the fight of its life, yesterday's dressing down by the credit rating agency is a glaring illustration of how far it has fallen in the past 12-24 months. So, why then did I recently pen 7 Reasons Kraft Heinz Stock Is a Contrarian Buy?Because despite everything, I do believe that Kraft Heinz can be turned around -- but only if these three things are done by the end of 2019. Restore the Balance SheetCompanies that get put on CreditWatch negative are often downgraded (50% chance) within 90 days of going in the credit rating doghouse. While the optics of a $39 billion market cap getting downgraded stings, the financial implications are much worse. In the case of Kraft Heinz, it has way too much debt. As I stated in my February article about Kraft Heinz stock being a contrarian buy, the company has long-term debt of $30.9 billion and just $1.1 billion in cash. With almost no free cash flow, it's going to have to sell some of its brands to pay down debt. * 7 Financial Stocks to Invest In Today Consider this, while Kraft Heinz's long-term debt is 79% of its market cap, General Mills (NYSE:GIS) has $12.2 billion in long-term debt or 43% of its market cap. Despite making a game-changing acquisition of Blue Buffalo last year for an eye-popping $8 billion, its balance sheet is still much stronger than Kraft Heinz's. Get that down below 50% and investors will warm to Kraft Heinz stock. Fire the CEOI read a great article recently by Forbes contributor Rober Wolcott that talks about Kraft Heinz's controlling owners, 3G Capital, needing to step up to the plate and lead with courage. Walcott wrote March 15:"It's not too late for Kraft Heinz. I personally know some talented executives still with the company. Their iconic brands haven't vanished, but even icons need to continually earn relevance.…To return to growth, Kraft Heinz must turn their cost obsession into prudence and recognize that long-term prosperity requires long-term investment."Easier said than done. Once a cost cutter, always a cost cutter. However, if it doesn't want to lose investors completely, it's got to reverse course immediately. The best way to do that is to fire existing CEO Bernardo Hees, a 3G lieutenant, and replace him with someone who's got a long history of product innovation and rarely if ever worked for a cost cutter.As former Unilever (NYSE:UN) CEO Paul Polman said in 2017:"Any CEO can decide to think long term. I think it is courageous leadership that is missing."Wolcott's right. Kraft Heinz is missing courageous leadership. It needs that now more than ever. Focus on Power BrandsProcter & Gamble (NYSE:PG) did it. Diageo (NYSE:DEO) did. Church & Dwight (NYSE:CHD) has always done it. So, there's no doubt that Kraft Heinz can do it. With a little leadership, of course. First, I would identify the top brands by revenues and operating profits. There's no point putting money and effort into a brand that's only got $200 million in sales and is barely profitable. On the other hand, a brand with the same amount of revenue, but good growth prospects and higher operating profits, is worth keeping.Secondly, I wouldn't hesitate to sell both the Kraft and Heinz brands if the writing is on the wall. That said, I doubt either brand is ready for the trash bin. But don't be afraid to make the big decisions even if it means giving up part of your history. Third, I would pour more money into Springboard, Kraft Heinz's platform for growth. 3G Capital are private equity investors. They, more than most, should understand the idea of making an acquisition that becomes the foundational piece of a new growth platform. Little investments can grow into big ones over time. Think 10-20 years down the road and innovation becomes an everyday thought. The Bottom Line on Kraft Heinz StockWarren Buffett, who I respect immensely, has fallen down on the job when it comes to Kraft Heinz. Not so much because of the losses his company's taken as a result of Kraft Heinz's deteriorating business, but because he's failed to push for change when change is so obviously needed. * Top 7 Service Sector Stocks That Will Pay You to Own Them He's a loyal person so that might be tough but if Kraft Heinz doesn't do all of the above -- and soon -- it's long-term health is very much in question. At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Financial Stocks to Invest In Today * 7 Single-Digit P/E Stocks With Massive Upside * 5 Chip Stocks on the Rise Compare Brokers The post Kraft Heinz Needs to Do These 3 Things Right Now appeared first on InvestorPlace.
DUBLIN, March 19, 2019 /PRNewswire/ -- As whiskey lovers all over the world prepare for International Whiskey Day on March 27, American imbibers and bartenders will have a new offering to choose from this year as Roe & Co, a premium Irish whiskey hits select U.S. bars and shelves this month. Perfected by bartenders for bartenders, Roe & Co was created in partnership between Diageo (DEO) Master Blender Caroline Martin and five elite Dublin-based bartenders who together crafted a unique Irish whiskey blend that would hold its own in cocktails.
The social stigma against marijuana continues to slowly dissipate.Source: Shutterstock A construction worker's pick-up truck passed me twice during a recent walk, apparently looking for a job site, the smell of marijuana smoke redolent in the air. It's still illegal to smoke in Georgia, but that doesn't mean the illegal market isn't operating …But what about the legal market?InvestorPlace - Stock Market News, Stock Advice & Trading TipsStock in Tilray (NASDAQ:TLRY), the Canadian pot company, now sits finely poised between earnings due on today after the bell and a shortage of stock to short.Tilray stock is expected to lose 12 cents per share on revenue of $14.15 million. (Earnings Whispers puts the numbers for earnings and revenue at -15 cents and $17.69mm, respectively.) But that may be less important to speculators than Tilray's efforts to create credibility with the marijuana and general investor communities. * 7 Small-Cap Stocks That Make the Grade Consider the following: Tilray has appointed Andrew Pucher, a former managing director at Goldman Sachs (NYSE:GS), as chief corporate development officer.Pucher joins a team that now includes former executives from Nestle (OTCMKTS:NSRGY), Diageo (NYSE:DEO), Coca-Cola (NYSE:KO) and Starbucks (NASDAQ:SBUX). Further, Tilray has a partnership with Novartis (NYSE:NVS), a joint venture with Anheuser-Busch InBev (NYSE:BUD) and a production agreement with the privately-held Authentic Brands Group.Finally, Tilray last week announced a deal to buy Manitoba Harvest from Compass Group (NYSE:CODI) for about $315 million.With all this corporate star power and deal-making, you would think Tilray would be a major pot producer. What About the Product?What product?Tilray sold no marijuana during the first two weeks after Canada legalized it in October. CEO Brendan Kennedy insisted that this will have changed by this quarter, while simultaneously announcing he bought producer Natura Naturals for $26.3 million. If all this is leaving you skeptical about the company, you're not alone …Tilray short interest recently stood at 4 million shares, 24.62% of the company's float, and there's no more available to borrow. That's why shares of a company that may report revenue of $17 million trade at a market capitalization of almost $7 billion.The other is that most of the shares don't trade, with over 78% held by "individual stakeholders." There are 79 million shares outstanding. The Marijuana MarketSpeculators are betting that over the next few years, many more U.S. states will legalize marijuana sales and are looking to legislators for guidance.New Jersey is the latest with a bill to allow recreational sales. Meanwhile, Massachusetts is getting a network of pot shops, debate has begun in Connecticut and New York Governor Andrew Cuomo is pushing the issue.But despite the examples of Colorado and Washington, the path to legal pot is still not a straight line.Minnesota Republicans recently rejected a legalization effort, prospects are dimming in New Mexico and New York's move is being held up by black legislators who want specific provisions for their communities to benefit.As a result, most moves lately have been toward legalizing medical marijuana, with doctors' prescriptions and extensive regulation. Florida is moving in that direction. So is Oklahoma.All that said, marijuana remains an illegal drug under U.S. law.People are still being put in jail for marijuana offenses and Tesla (NASDAQ:TSLA) CEO Elon Musk may lose his SpaceX security clearance after being shown on video smoking pot on a podcast. Bottom Line on Tilray StockDespite the success of Colorado, where marijuana sales are now growing at only single-digit rates in the fifth year of legalization, the product remains controversial.Tilray and its competitors are preparing for an opportunity that may not come to them for years. Meanwhile, marijuana stocks have been bid well beyond fundamentals. A lot of people are cashing big paychecks, and the dream of a well-regulated American pot market remains hazy.Dana Blankenhorn is a financial and technology journalist. He is the author of a new mystery thriller, The Reluctant Detective Finds Her Family, available now at the Amazon Kindle store. Write him at firstname.lastname@example.org or follow him on Twitter at @danablankenhorn. As of this writing, he owned no shares in companies mentioned in this article. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 5 of the Best Stocks to Buy Under $10 * 7 Single-Digit P/E Stocks With Massive Upside * 7 Best Quantum Computing Stocks Trading Today Compare Brokers The post Tilray Stock Mania Holds Its Breath as Earnings Approach appeared first on InvestorPlace.
NORWALK, Conn., March 18, 2019 /PRNewswire/ -- It's your Party (Pitch) – and you can do it up how you want to! To celebrate the return of the summer fan favorite Smirnoff Red, White & Berry, the brand is launching Smirnoff Party Pitch featuring a panel of fun experts to review consumers' ideas for the ultimate red, white & blue Fourth of July bash. With the help of the party panel, Smirnoff hopes to find the most exciting, outrageous, silly and wild ideas to celebrate America where the possibilities for fun are limitless – all with responsible drinking in mind, of course.
St. Patrick's Day is around the corner and investors across the world are keen on trying their Irish luck for green returns in their stock portfolio.
Deliberations are at a preliminary stage and Pernod may ultimately decide to retain the business, said the people, who asked not to be identified discussing private information. “As a matter of policy, the company doesn’t comment on rumor or speculation,” Pernod Ricard said in an email. The maker of Absolut vodka began studying options for the division since before being targeted by Paul Singer’s Elliott Management Corp., one of the people said.
Stock pickers are generally looking for stocks that will outperform the broader market. Buying under-rated businesses is one path to excess returns. For example, the Diageo plc (LON:DGE) share priceRead More...
Brown-Forman's (BF.B) bottom-line results in third-quarter fiscal 2019 reflect gains from cost discipline. However, effects of retaliatory tariffs on American whiskey are visible in its sales results.
NORWALK, Conn., March 5, 2019 /PRNewswire/ -- In time to celebrate International Women's Day, Diageo North America, a global leader in beverage alcohol, in partnership with the Paradigm for Parity® coalition, announced its commitment to achieving gender parity throughout its corporate leadership structure by 2030. "At Diageo, we are particularly proud to be leading on change in this space by taking proactive steps in order to curb workplace inequality," said Deirdre Mahlan, President, Diageo North America.
Keurig Dr Pepper (KDP) posts mixed fourth-quarter 2018 results, with sales missing estimates and earnings in line. A lower-than-expected earnings view for 2019 hurts investor sentiment.
AB InBev's (BUD) top and bottom lines for the fourth quarter gain from ongoing revenue management initiatives along with strong performance of premium brands.
Feb 26 (Reuters) - Sichuan Swellfun Co Ltd: * SAYS SHAREHOLDER DIAGEO PLC'S UNIT GRAND METROPOLITAN INTERNATIONAL HOLDINGS LTD PLANS TO RAISE ITS HOLDINGS IN THE COMPANY TO UP TO 70 PERCENT FROM 60 PERCENT ...
[Editor's note: This story was previously published in December 2018. It has since been updated and republished.]Even with the China-U.S. trade war appearing to simmer down and the Fed looking set to pause its interest-rate hikes, the stock market is still facing many steep risks. America's political situation hasn't been this tense in decades. The EU is facing a host of challenges, and the Chinese-U.S. trade war could easily flare up again. Similarly, the Fed could soon become hawkish again.Add it all up, and things could easily get volatile quite soon. That leaves investors wondering where they can go for safety.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Cheap Stocks That Make the Grade After years of tech outperforming everything, the problems facing Apple (NASDAQ: AAPL), Facebook (NASDAQ:FB), and Amazon (NASDAQ:AMZN) have many people bailing on growth as well. That leaves safe-haven dividend stocks as a more favorable alternative. Here are six worth taking a look at. Diageo (DEO)Dividend Yield: 1.75%Rain or shine, good economy or bad, people like to drink alcohol. And for safe dividend seekers, that makes Diageo (NYSE:DEO) an ideal play. While its name may not be familiar, its brands almost certainly are. Diageo owns and manufactures Guinness beer, Captain Morgan rum, Smirnoff vodka and Johnnie Walker whiskey, among many others.DEO stock is a well-known safe haven for investors. The company is headquartered in the U.K., and was one of the very few stocks to go up the day after Brexit in that country as British investors sold risky stocks and moved to safety. Diageo will again serve as a safe haven whenever the next bear market/recession hits.Diageo isn't just a great business, it's also a great dividend play. The company has continuously raised its dividend (as measured in its home currency of British Pounds) each of the past 20 years. Campbell Soup (CPB)Dividend Yield: 4.33%Campbell Soup (NYSE:CPB) is one of the unloved packaged-foods makers. It's not hard to see why, if you only think about the company's name. Canned soup certainly isn't trendy with younger consumers at this point. And there's a general nutritional wariness about heavily salted foods.That said, there's much more to Campbell Soup than just the iconic red cans. The company is more and more a snack food play. As we know, while Americans profess an interest in healthier eating, they still love their junk food from time to time. Campbell's -- owner of Hanover, Pop Secret, Goldfish and Pepperidge Farm -- is in a great position to profit off of this.Pepsico (NYSE:PEP), the leader in snacks, consistently gets a high P/E ratio from the market, as investors acknowledge the stickiness of their brands with consumers. The market, however, is not appreciating Campbell Soup at all. Shares are down from $50 in 2017 to $32 now. That has attracted activist investors, who got a new CEO hired and are demanding more change. If shares stay down here, expect that a suitor will buy out the company at a nice premium. If not, enjoy the 4.3% dividend -- the highest CPB stock has offered in at least 30 years. PacWest Bancorp (PACW)Dividend Yield: 5.86%After investors dumped bank stocks late last year, a lot of value has been created in this generally overlooked sector of the market, where solid dividends abound.That brings us to PacWest Bancorp (NASDAQ:PACW), which offers a 5.86% dividend yield at the moment. Headquartered in Los Angeles, PacWest is a major player throughout the California market and currently sports a $5.1 billion market cap. That puts it in a sweet spot, size-wise, where it may still be a buyout candidate, but it is large enough to manage the rising costs of regulation and banking technology costs. * 7 Cheap Stocks That Make the Grade Despite the horrid state of the California housing market in 2008, PacWest survived the crisis; in fact its shares never came close to zero during the panic. The bank has come out stronger, and is now generating record profits. Thanks to the corporate tax cuts in particular, PACW stock is now at a cheap P/E ratio of just 11 times its trailing earnings. New York Community Bancorp (NYCB)Dividend Yield: 5.52%Despite its large yield, New York Community Bancorp (NASDAQ:NYCB) is an even safer bank stock. NYCB stock currently yields 5.5%, and they earn more than enough to cover the dividend, with earnings coming in at 79 cents and dividends at 68 cents annually.Why is NYCB stock down 12% over the past year? Of course, the sector is down, as discussed above. On top of that, some investors hold a resentful view toward New York Community Bancorp due to a failed merger with Astoria Financial in late 2016. Due to Trump's unexpected win, bank stocks spiked, and the deal failed to close. Investors have had it out for NYCB's management ever since.Regardless, the bank is one of the safest in the country. It lends primarily against multi-family homes in New York City -- one of the lowest-risk lending markets out there. The bank's loans barely budged in performance even during 2008. With a strong dividend covered out of earnings and a safe loan book, investors can earn a large dividend income from a most conservative bank. Southern Co (SO)Dividend Yield: 4.9%In the worst of times, people tend to still want to use electricity. Even a severe economic downturn tends to not impact utility stocks too dramatically. As such, it's a sound sector to buy when investors get panicky, such as what we're seeing with the market now.Southern Co (NYSE:SO), as one of the highest-yielding large power utilities, checks the boxes for safe dividend stocks here. SO stock is currently yielding 4.9%.Its high yield is in large part, it seems, due to interest rates going up. Many investors treat utility stocks as substitutes for bonds. As such, when interest rates go up, investors demand a higher yield from their utility stock as well. If interest rates were to keep surging for years to come, SO stock would likely underperform. * 7 Cheap Stocks That Make the Grade But since the Fed looks set to pause its rate hikes,, a stock like Southern Co should shine. Exxon Mobil (XOM)Dividend Yield: 4.17%Speaking of things people use in good times and bad, gasoline ranks pretty highly on the list. Sure there is a minor dropoff in consumption during recessions, as people take fewer road trips, for example, but in general, oil and gas is a safe haven business. And Exxon Mobil (NYSE:XOM) as the largest U.S. player is a true sleep-well-at-night stock.The combination of a fortress balance sheet, diversified operations and a storied dividend make XOM stock an excellent place to endure market storms. It may seem strange to call Exxon diversified. But what many investors don't realize is that much of big oil has spun off the other segments of their businesses. We saw a ton of refining and pipelines subsidiaries moved out of the parent companies into MLPs and other corporate entities. That is all well and good as far as shareholder value maximization goes. But Exxon's more diversified approach ensures that it remains solidly profitable even when the price of oil plummets, as it did in recent years.XOM stock is hardly the most exciting in a high growth market. But at 16 times earnings and paying a slightly greater than 4% dividend yield, it is a fine option for defensive investors. And buyers are still getting a fair value at this point.At the time of this writing, Ian Bezek owned DEO, CPB, PACW, NYCB and XOM stock. You can reach him on Twitter at @irbezek. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Monthly Dividend Stocks to Buy to Pay the Bills * 9 High-Growth Stocks to Buy Now for Monster Returns * 7 Healthy Dividend Stocks to Buy for Extra Stability Compare Brokers The post 6 Safe Dividend Stocks to Buy Now appeared first on InvestorPlace.
First it was bitcoin that made investors go on a mad rush, and today, it's marijuana. Now that legalization is steadily gaining traction across the U.S., more investors than ever before are looking for ways to cash in.
Boston Beer (SAM) delivers better-than-expected results in fourth-quarter 2018. For 2019, it remains confident about depletions and shipments growth.
Brand ambassador J Balvin brings his 'Vibras' aesthetic to BUCHANAN'S DeLuxe Blended Scotch Whisky pack, marking brand's first-ever product collaboration NEW YORK , Feb. 20, 2019 /PRNewswire/ -- BUCHANAN'S ...
Marijuana stocks and related ETFs caught investors' attention last year, courtesy of its mysterious rally in mid-2018 on Canada's legalization of recreational marijuana in October. Let's take a look at whether the space will be able to maintain its rally in 2019.
NEW YORK, Feb. 15, 2019 /PRNewswire/ -- Tequila Don Julio is proud to announce that they will make a donation in support of the Academy of Motion Picture Arts and Sciences' Governors Ball for the second consecutive year. On Sunday, February 24, 2019, Tequila Don Julio will serve as a sponsor of the Governors Ball, the Academy's official party following the 91st Oscars®, in which 2014 Diageo Reserve Global World Class winner and internationally acclaimed mixologist Charles Joly will provide attendees with a specialty curated bar experience worthy of Hollywood's most important evening. Crafted in the Highlands of Jalisco, Tequila Don Julio is Mexico's No. 1 premium tequila celebrating those who know what truly matters in life.
Diageo Beer Company, U.S.A. President Nuno Teles joins "Closing Bell" to discuss the company's strong growth despite weakening in beer sales across the market.