|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||58.63 - 59.56|
|52 Week Range||49.65 - 63.73|
|PE Ratio (TTM)||21.68|
|Forward Dividend & Yield||1.96 (3.34%)|
|1y Target Est||N/A|
Yahoo Finance's Yahoo Finance's Seana Smith, Rick Newman, and Dan Roberts discuss why McDonald's revived the 'Dollar Menu' with a catch.
Jim Cramer highlighted the flurry of bullish, stock-moving analyst notes issued after the Republican tax bill became law.
MoneyGram, IBM, McDonald’s and Mars are the companies to watch.
For a while, Jet.com — the millennial-friendly e-commerce startup out of Hoboken, New Jersey — drew a lot of attention for being a viable and popular alternative to Amazon.com Inc. So much so that Wal-Mart Stores Inc. acquired the entire operation for $3.3 billion as a way to get a leg up on its competition. Boxed, an online retailer known for attracting young shoppers for its discounted prices and 24-hour shipments, is reportedly in M&A talks with supermarket giant Kroger for $500 million. Such a deal would signal a decent exit for Boxed investors, including GGV Capital, Founders Fund, AME Cloud Ventures, Vaizra Investments, and early investors First Round Capital, Greycroft Partners and Signia Venture Partners.
On Tuesday, January 16, Nestlé announced that it agreed to sell its US confectionary business to Ferrero for $2.8 billion in cash. Nestlé’s confectionary business, which represents about 3.0% of its total US group sales, was losing market share to bigger rivals such as Hershey (HSY) and Mars. A consumer shift toward healthy foods and away from sugary foods may have further encouraged Nestlé to divest its candy business in the US (SPY).
LONDON/MILAN (Reuters) - Swiss food group Nestle has agreed to sell its U.S. confectionery business to Italy's Ferrero for $2.8 billion (£2 billion), it said on Tuesday, marking CEO Mark Schneider's first big sale and a small step on its path towards healthier products. Nestle, the world's biggest packaged-food company, has cited the unit's weak position in the United States, where it trails Hershey, Mars Inc and Lindt, as the rationale for a sale. For family-owned Ferrero, the cash deal offers a chance for the Italian company to build scale quickly in that key market, where it has done two other deals in the past year.
On December 29, 2017, Hain Celestial (HAIN) was trading at a 12-month forward PE (price-to-earnings) multiple of 24.8x.
French dairy firm Lactalis has agreed to buy siggi's, a U.S.-based maker of Icelandic-style skyr yoghurt for an undisclosed price, its second deal in six months to tap Americans' growing taste for healthier yoghurt. The purchase, announced on Friday, is the latest upstart company to be bought by a multinational grappling with a slowing packaged food market as consumers seek fresher, less processed food. Swiss milk processor Emmi owns 22 percent of siggi's and said it would sell its stake to Lactalis.
Shares of MoneyGram (MGI) are tanking, down 9%, after US regulators blocked the sale of the money transfer company to Alibaba’s (BABA) Ant Financial Services. The $1.2 billion deal, which was in the works for several years, would have helped Alibaba solidify its US financial presence. Southwest Airlines (LUV) announced it will share its tax cut windfall with workers.
Recreational marijuana will be legal in California starting Jan. 1 and the state’s culinary scene is jumping on the cannabis-foodie movement, The Associated Press reports . “Now you see all kinds of cuisines,” said Cristina Espiritu of the 420 Foodie Club, which promotes cannabis food events in Southern California. Marijuana industry analysts predict edibles in the recreational marijuana market could exceed $100 million in sales in 2018, AP reported.
General Mills Inc. appears to have combined two of the greatest sugary cereals. The Golden Valley-based food company may be in the process of rolling out a version of Lucky Charms marshmallow cereal with "frosted flakes" — not the cereal of that name made by arch-rival Kellogg Co., mind you, but probably close enough for the sort of cereal fan who can't decide between sweetened marshmallow bits or sweetened flaky bits. The cereal-focused blog Cerealously posted a video featuring Lucky Charms Frosted Flakes last month (the video's since been deleted), and the Daily Meal this week noted that General Mills (GIS) " neither confirmed nor denied the existence" of the cereal .
Nike (NKE) declared its fiscal 2Q18 results on December 21 after the markets closed. In 2Q18, its revenue rose 5.0% to $8.6 billion.
General Mills (GIS) finally reported improved sales in fiscal 2Q18 after tepid performance over the past several quarters. Following the announcement of the company’s improved performance and upbeat guidance, ...