|Bid||38.12 x 2900|
|Ask||38.66 x 3100|
|Day's Range||38.17 - 39.70|
|52 Week Range||38.17 - 60.69|
|Beta (3Y Monthly)||0.62|
|PE Ratio (TTM)||10.71|
|Earnings Date||Dec 19, 2018|
|Forward Dividend & Yield||1.96 (4.93%)|
|1y Target Est||47.83|
With the third-quarter round of 13F filings behind us it is time to take a look at the stocks in which some of the best money managers in the world preferred to invest or sell heading into the fourth quarter. One of these stocks was General Mills, Inc. (NYSE:GIS). General Mills, Inc. (NYSE:GIS) shares haven’t […]
The limited-edition collection celebrates the ugly sweater tradition and memories made with loved ones MINNEAPOLIS , Dec. 6, 2018 /PRNewswire/ -- The Christmas season is upon us, ushering in excitement, ...
Allergan PLC (ACT), Schlumberger Ltd. (SLB), General Mills Inc. (GIS) and Noble Energy Inc. (NBL) have declined to their 3-year lows
On November 28, the J.M. Smucker Company (SJM) reported lower-than-expected earnings results for the second quarter of fiscal 2019, which ended on October 31. The company also lowered its full-year EPS outlook, which didn’t sit well with investors. SJM fell 7.2% following the soft second-quarter results.
Kellogg (K) stock trades at 14.3x its 2018 estimated EPS of $4.31 and 14.2x its 2019 estimated EPS of $4.32, both of which look unattractive based on the projected growth rates of 6.8% and 0.2%, respectively. Kellogg’s top-line growth is likely to slow down in 2019, as the company will annualize its RXBAR acquisition. Meanwhile, an unfavorable mix and pricing pressure could continue to hurt the company.
Kellogg’s (K) top-line growth accelerated in 2018 thanks to the company’s recent acquisitions. During the last reported quarter, Kellogg’s RXBAR acquisition and the consolidation of Multipro contributed 8.9% to its top-line growth. However, organic sales were disappointing. Kellogg’s underlying sales remained low in the first three quarters of 2018, reflecting lower net price realization, an adverse mix, and weakness in cereals.
Kellogg stock (K) has fallen about 18% since mid-September as weak organic sales and sluggish margins didn’t sit well with investors. Most of the decline in Kellogg’s stock price followed the company’s soft third-quarter results. Adding to its woes, management lowered the full-year EPS growth guidance, citing an adverse mix, continued cost pressure, and increased interest expenses. On a YTD basis, Kellogg stock has fallen 9.5% and has underperformed the broader markets (SPY). The S&P 500 Index remained flat during the same period.
Most of the analysts covering J.M. Smucker (SJM) stock maintain a “neutral” outlook before the results for the second quarter of fiscal 2019. Analysts expect J.M. Smucker’s Ainsworth acquisition to drive its net sales growth rate. Weakness in underlying sales, led by lower pricing, is keeping analysts on the sidelines. J.M. Smucker’s profit margins are expected to contract despite lower green coffee costs, which reflects higher packaging and transportation costs.
J.M. Smucker (SJM) is scheduled to announce its results for the second quarter of fiscal 2019 on November 28. Analysts expect J.M. Smucker to report total revenues of $2.1 billion—up 6.7% on a YoY (year-over-year) basis. Analysts expect the company to continue to benefit from the Ainsworth acquisition.
General Mills Inc.'s "monster" cereal mascots like Franken Berry and Count Chocula have their roots in Hollywood. And if the company gets its way, they'll be headed back there soon. That's because Golden Valley, Minn.
J.M. Smucker (SJM) is expected to announce its results for the second quarter of fiscal 2019 on November 28. Analysts expect J.M. Smucker’s top and bottom line to sustain the momentum in the second quarter due to the Ainsworth acquisition and a decline in the effective tax rate. However, organic sales could remain soft, which reflects lower pricing and weakness in the Folgers brand.
General Mills collected data based on Thanksgiving-related searches on Pillsbury.com and BettyCrocker.com. Favorites range from monkey bread in Alaska to macaroni and cheese in Georgia.
With a stellar return of 46.4% on a YTD (year-to-date) basis, McCormick (MKC) is the best-performing stock in the consumer staples industry. McCormick has remained unfazed by the sluggish industry trend and has outperformed its peers and the broader markets (SPY). Comparatively, most food companies, including General Mills (GIS), the Kraft Heinz Company (KHC), the Campbell Soup Company (CPB), and Conagra Brands (CAG), have marked double-digit declines in their stock prices so far this year.
The industrial sector consumed more than 30% of the total natural gas in 2017. US food product stocks like Kraft Heinz (KHC), General Mills (GIS), and Archer Daniels Midland (ADM) will likely be impacted by higher natural gas prices. The PPI (producer price index) for the food manufacturing subsector rose dramatically in 2014. In fact, natural gas prices averaged multiyear high in 2014.
These dividend stocks offer high yields, impressive corporate histories, and an opportunity to take advantage of short-term concerns.