|Bid||44.05 x 800|
|Ask||0.00 x 900|
|Day's Range||44.13 - 45.02|
|52 Week Range||41.01 - 60.69|
|PE Ratio (TTM)||12.21|
|Earnings Date||Dec 18, 2018 - Dec 24, 2018|
|Forward Dividend & Yield||1.96 (4.10%)|
|1y Target Est||48.17|
Wall Street analysts continue to have a favorable outlook on Conagra Brands (CAG) stock. They expect its recent acquisitions, higher net pricing, improving mix, and cost and productivity savings measures to drive its sales and earnings growth rate. A lower effective tax rate is also likely to cushion its earnings.
Conagra Brands (CAG) is slated to announce its first quarter of fiscal 2019 results on Thursday, September 27. Analysts expect it to sustain its sales and earnings growth momentum, but they expect the growth rate to decelerate, which could be a concern.
This article is intended for those of you who are at the beginning of your investing journey and want to learn about the link between company’s fundamentals and stock marketRead More...
Recently, McCormick’s (MKC) margins have been impressive. The company’s margins have expanded at a healthy rate in the past three quarters despite facing headwinds from higher distribution costs. During the last reported quarter, McCormick’s gross margin expanded by 340 basis points, while the operating margins improved by 330 basis points. Higher volumes, increased pricing, improved mix, and cost-saving measures more than offset the negatives stemming from cost inflation.
In the past four quarters, McCormick (MKC) has been impressive with its stellar top-line growth due to incremental sales from acquired brands. In the third quarter, analysts remain upbeat. Analysts expect McCormick (MKC) to sustain the sales growth momentum. On average, analysts expect McCormick to report net sales of $1.4 billion in the third quarter, which reflects 14.8% growth year-over-year.
McCormick (MKC) is expected to announce its third-quarter results on September 27. Analysts expect the company to sustain its double-digit sales and EPS growth rate in the third quarter. McCormick’s top line will likely benefit from its recent acquisitions. Meanwhile, continued strength in the company’s underlying business, new products, higher net price realization, and expanded distribution should support its sales growth rate.
General Mills (GIS) continues to disappoint with its soft organic sales and sluggish margins. During its most recent quarter, the company’s management stated that it had managed to improve its organic sales for the fourth consecutive quarter. The company’s gross and operating profit margins have contracted, reflecting continued inflation in input costs and higher transportation charges.
Analysts are keeping their neutral outlook on General Mills (GIS) stock after its fiscal 2019 first-quarter results. Susquehanna lowered its target price on the stock to $54 from $60. Piper Jaffray increased its target price to $47 from $45.
The J.M. Smucker Company (SJM) reported strong net sales and earnings in its last reported quarter. The company’s acquisition of Ainsworth significantly boosted its net sales growth rate. Meanwhile, its adjusted earnings jumped 17.9% year-over-year driven by a substantial fall in the effective tax rate.
General Mills (GIS) reported stronger-than-expected bottom-line results for its fiscal 2019 first quarter. Its adjusted earnings of $0.71 remained flat YoY (year-over-year) but handily surpassed analysts’ estimate of $0.64.
General Mills (GIS) disappointed with its margins performance in its fiscal 2019 first quarter. Its adjusted gross and operating profit margins fell, reflecting continued inflation in input costs and higher supply-chain costs.
Shares of packaged food manufacturers have eroded a significant amount of investors’ wealth so far this year. Weak organic sales, low margins, and earnings pressures are taking a toll on the financials of these companies and, in turn, their stock prices.
The company spent $8 billion to pick up Blue Buffalo Pet Products earlier this year, because the pet food market is growing faster than Big G's main businesses. Since then, though, pet food sales have slowed.
General Mills’ (GIS) largest business segment—North American Retail—continues to disappoint with its weak sales performance. The segment’s net sales decreased 2% YoY (year-over-year) to $2.4 billion, reflecting lower volumes. Tough YoY comparables also remained a drag. The segment’s organic sales decreased 1% as lower volumes of -2% more than offset the 1% gain from higher pricing and mix.
The S&P 500 had been noticeably higher mid-session, ultimately dragged down by General Mills (NYSE:GIS) and AbbVie (NYSE:ABBV). The former fell 7.6% following a disappointing earnings report, while AbbVie lost 2.9% of its value on Tuesday after regulators accused the company of offering illegal kickbacks. Stocks charts of Procter & Gamble (NYSE:PG), BorgWarner (NYSE:BWA) and DISH Network (NASDAQ:DISH) are your best bets.
NEW YORK, NY / ACCESSWIRE / September 19, 2018 / McDonald’s made headlines on Tuesday as many of its employees hit the streets to protest in various cities across America about sexual harassment at work. financial results that missed on sales. McDonald's Corporation shares were little changed on Tuesday with about 3.7 million shares traded yesterday.
General Mills is racing against itself, introducing new products at a rapid rate even as sales decline for older brands. The company highlighted recently-launched items like YQ, a high-protein, low-sugar yogurt, and European-style Yoplait Oui, which comes in fancy glass containers. Cereals remain fundamentally challenged as Americans avoid sugary breakfasts and the company’s previous attempt to catch up with yogurt trends with the Greek-style Yoplait brand is now experiencing faltering sales.