|Bid||41.70 x 4000|
|Ask||41.85 x 1000|
|Day's Range||41.66 - 42.07|
|52 Week Range||41.01 - 60.69|
|PE Ratio (TTM)||11.22|
|Forward Dividend & Yield||1.96 (4.40%)|
|1y Target Est||N/A|
The Organic Trade Association’s annual survey of the U.S. food marketplace showed a record $45.2 billion in sales of organics in 2017, up 6.4% from a year earlier. Conventional food sales eked out a 1.1% gain. Some companies, including United Natural Foods and Sprouts, are growing rapidly as consumers prefer healthier and tastier foods.
The Campbell Soup Company (CPB) reported mixed fiscal third-quarter results on May 18. Campbell Soup likely needs to revisit its growth strategy, as the current one doesn’t seem to be doing it any good. Following the company’s sluggish performance and weak outlook, multiple analysts have lowered their price targets for Campbell Soup stock.
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.
A lot of large-cap familiar names are still called “blue-chip stock” when they are nothing of the kind. If you can’t rid the term “blue-chip stock” from your lexicon, then it should at least apply to a whole new stream of companies. “Blue-chip stock” used to refer to companies that were constantly growing earnings in the high single-digits or more in terms of percentage, had a fortress balance sheet and were constantly innovating.
Prices for diesel fuel may revisit record highs within the next year or two, affecting many markets—from refiners to transportation to agriculture. “Prosperity in the global economy comes with a price, and it can really manifest itself in diesel or jet fuel prices,” says Tom Kloza, global head of energy analysis at OPIS.
off the shelf in October and commented that, "The $49-$42 area shows a decent amount of volume, so I would consider a support area until proven otherwise. GIS is still in a downtrend and the pace of the decline has not slowed. In this updated daily bar chart of GIS, below, we can see a mixed picture.
Dear Mr. Berko: My stockbroker had me buy 300 shares of General Mills in the summer of 2016, for which I paid $71 a share. In the past 12 months, I've had a 29-point loss. I never thought that a blue chip company such as General Mills could fall by 40 percent in a year. My new broker wants me to buy 300 more shares of General Mills and sell my first purchase 31 days later for a tax loss. He says the company is in a turnaround, and he thinks the stock could rise to the $60s in 18 months. What do you think? While talking to my dad about General Mills, he told me that he thinks he remembers when the company built submarines for the U.S. Navy and that Betty Crocker was a real person. — LW, Bethlehem, Pa.
Disney, 21st Century Fox, Kellogg and Apple are the companies to watch.
After its fiscal 3Q18 (ended on March 31) earnings announcement on May 8, most analysts rated Hain Celestial (HAIN) as a “hold.”
Hain Celestial (HAIN) stock has fallen 2.2% since the company reported its fiscal 3Q18 results on May 8. Not just Hain Celestial but a majority of food packaging stocks have been battered on the trading front as investors have remained cautious. The Kellogg Company (K), the Campbell Soup Company (CPB), and General Mills (GIS) have fallen 11.3%, 14.0%, and 28.3%, respectively, on a YTD basis as of May 9.
B&G Foods, the New Jersey company that bought General Mills business in 2015, is working to raise the profile of the vegetable brand
By Jonathan Stempel and Trevor Hunnicutt OMAHA, Neb. (Reuters) - Ketchup, bologna and Jell-O don't excite Wall Street. But a big deal might whet its appetite for Kraft Heinz Co (KHC.O). Many analysts believe ...
A shopper exits a Target store in North Attleboro, Massachusetts Thursday, November 3, 2005. Meanwhile, a small group of “hidden yield” stocks are quietly handing smart investors growing income streams PLUS annual returns of 12%, 17.3%, or more. See, everyone wants dividend stocks with good current yields.
As concerns about inflation spread, it’s time to gauge how different types of stocks will respond. Smaller companies in niche markets may be better positioned to cope with rising prices—especially in consolidating industries. Inflation has been ...
Kellogg (K) reported significantly better-than-expected 1Q18 earnings on May 3. Its adjusted EPS (earnings per share) of $1.23 handily surpassed analysts’ expectation of $1.08 and registered strong double-digit growth. On a currency-neutral basis, its adjusted EPS was $1.19, reflecting a YoY (year-over-over) growth of 11.2%.
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.
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.
On CNBC's "Mad Money Lightning Round" , Jim Cramer said Snap Inc (NYSE: SNAP ) is going lower. Cramer likes GW Pharmaceuticals PLC- ADR (NASDAQ: GWPH ). Limelight Networks, Inc. (NASDAQ: LLNW ...
Mondelēz (MDLZ) reported net sales of $6.7 billion in 1Q18, which exceeded analyst expectations and rose 5.5% on a YoY (year-over-year) basis. Strong growth in Europe and the AMEA regions drove the overall top-line growth rate. However, continued challenges in North America remained a drag.
Mondelēz (MDLZ) sustained its strong earnings growth rate in 1Q18 and reported better-than-expected EPS (earnings per share). Mondelēz’s adjusted earnings of $0.62 per share came in ahead of analysts’ estimate of $0.61 and increased 19.2% on a YoY (year-over-year) basis. Mondelēz has reported strong double-digit EPS growth in the past four quarters. Meanwhile, it has exceeded analysts’ expectations in the past five quarters.