47.20 -0.01 (-0.02%)
After hours: 4:38PM EDT
|Bid||47.13 x 1400|
|Ask||47.38 x 3200|
|Day's Range||46.42 - 47.27|
|52 Week Range||41.01 - 60.69|
|PE Ratio (TTM)||12.97|
|Earnings Date||Sep 18, 2018 - Sep 24, 2018|
|Forward Dividend & Yield||1.96 (4.22%)|
|1y Target Est||48.29|
William Galt, a restaurateur, noticed a disturbing trend as he neared 40. “Many of my best friends in the food business were dropping dead in their 40s from heart attacks,” he told the San Diego Tribune later. Mr. Galt blamed restaurant food.
Since General Mills Inc (NYSE:GIS) released its earnings in May 2018, the consensus outlook from analysts appear bearish, with earnings expected to decline by -13.65% in the upcoming year comparedRead More...
Home Depot Inc. (NYSE: HD) results took a hit from higher transportation costs that were close to $49 million higher than in Q2. The company's full-year results also expected to feel an impact due to higher expenses. The world's largest home retailer joins a litany of other major companies seeing costs driven up by tighter trucking and freight markets.
Jeffrey Harmening, who took over as CEO of General Mills Inc. a year ago, saw his compensation increase by 70 percent from his previous job as No. 2 of the Golden Valley-based food company.
The conventional approach to funding retirement is to withdraw 4% of your savings in the first year, followed by "pay raises" in each subsequent year to adjust for inflation. Over a 30-year retirement, the thinking goes, there is little chance of running out of money if this retirement portfolio is invested in a mix of dividend stocks, a few growth stocks and bonds. Today's world is different. Interest rates and bond yields have never been this low for this long, reducing future expected returns. And Americans are living longer than ever before. Instead of facing the uncomfortable decision of what securities to sell or wondering if you are at risk of outliving your savings, you can lean on the cash from dividend stocks to fund a substantial portion of your retirement. Simply Safe Dividends published an in-depth guide about living on dividends in retirement here. Many companies in the market yield 4% or more. And unlike with the 4% withdrawal rule, if you rely on solid dividend stocks for that 4% annually, you won't have to worry as much about the market's unpredictable fluctuations. Better still, you'll have a chance to leave your heirs with a sizable portfolio when the time comes. Here's a look at 20 quality dividend stocks, yielding roughly 4% or higher, that should fund at least 20 years of retirement, if not more. They have paid uninterrupted dividends for more than 20 consecutive years, appear to have secure payouts and have the potential to collectively grow their dividends to protect investors' purchasing power. SEE ALSO: 39 European Dividend Aristocrats for International Income Growth
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.
Nike Inc. this weekend is releasing a breakfast-branded series of its Kyrie 4 basketball sneakers, featuring a trio of General Mills cereals.
The center of your grocery store is dying. News that 3G Capital is selling down its stake in Kraft Heinz (NYSE:KHC) is just one more nail in the coffin. The consumer-packaged goods (CPG) companies that once dominated American grocery retailing are getting slammed this decade.
was reviewed one month ago, and I wrote that "GIS looks like it made a temporary bounce and should retest the May lows. In this daily bar chart of GIS, below, we can see that prices temporarily broke below the 50-day moving average line in July but are now above the rising line telling us that the short-term trend is up. The daily On-Balance-Volume (OBV) line has been moving up from early June.
Kellogg Company (NYSE: K) is the latest company to cite rising freight costs as a threat to profit margins in 2018, according to the Wall Street Journal. It also reported the far-reaching impacts of the trucking strike in Brazil in May 2018. In March, General Mills, Inc. (NYSE: GIS) CEO Jeff Harmening noted that the company saw "an unprecedented rise in logistics costs" and was "a quarter late in reacting" to the change. In July, General Mills announced their decision to cut 625 positions due to an increase in transportation rates.
Normally dull packaged-food companies are developing a more exciting sideline business—venture-capital investing. Industry giants like Kraft Heinz and General Mills are under pressure from challenger brands, driven by shifting consumer tastes and e-commerce growth that makes it easier for upstarts to reach households directly. Valuations for fast-growing brands are sky-high, and companies like Campbell Soup and General Mills have taken on a lot of debt to fund their acquisitions.
Consolidation in aisle four? I mean what else can you say about this motley crew of winners today other than there better be some takeovers or else Kraft Heinz , General Mills and Kellogg are going to have a hard time staying up at these levels.
Most analysts have a “neutral” outlook on Kellogg (K) stock after its second-quarter results. It reported stronger-than-expected results and increased its 2018 guidance on sales and earnings. Benefits from acquisitions, new product launches, and sustained growth of Pringles and frozen foods brands are expected to drive the company’s sales in the coming quarters.
Kellogg (K) reported net sales of $3.4 billion in the second quarter of 2018, which exceeded analysts’ expectation and rose 5.9% YoY (year-over-year). The Consolidation of Multipro’s operations and benefits from the RXBAR acquisition added 6.7% to its top-line growth rate on a constant currency basis. However, the strengthening of the US dollar negatively impacted its top line by 0.4%.
Kellogg (K) reported better-than-expected second-quarter results on August 2. Benefits from the acquisition, improving trends in its underlying business, cost-savings, and lower taxes are driving Kellogg’s top and bottom lines. In the third quarter, Kellogg will be annualizing its list price adjustment, which could ease pricing pressures.
According to the rumors, Kraft Heinz is in contact with the company about a potential acquisition and has been looking at its financial data. Sources close to the matter claim that Kraft Heinz may be more willing to purchase Campbell Soup Company, if it can get a deal on it. The push for Campbell Soup Company to sell itself comes from activist investor Dan Loeb.
Kellogg (K) reported stronger-than-expected second quarter results today. The company’s sales and earnings improved YoY (year-over-year) and exceeded analysts’ estimates. However, organic sales disappointed.