|Bid||0.00 x 800|
|Ask||0.00 x 900|
|Day's Range||21.24 - 22.21|
|52 Week Range||14.45 - 27.68|
|Beta (3Y Monthly)||1.26|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 6, 2019 - Nov 11, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||21.73|
Consumer staples stocks have largely fallen off the radar in recent months. Investors have been much more focused on growth as corporate earnings have pleasantly surprised, the U.S.-China trade spat showed signs of hope and the Federal Reserve decided to keep interest rates steady.Naturally, these more defensive companies haven't been especially red-hot of late. Consumer staples stocks have lagged the marketwide bounce that took shape beginning in late December. But with many other sectors starting to feel the weight of unwieldy gains, and with China trade talks yet again hitting turbulence, the sector might be ready to heat up again.Steve Azoury, founder of financial planning firm Azoury Financial, says, "Consumer staples, the products that people use every day, will always be a big part of America's economy." "The trick," he adds, is identifying the companies that "will stay innovative and update their products and services to excite their customers, and thus the stock prices for investors."Here are 17 of the best consumer staples stocks to invest in at the moment. While some of these are blue-chip stocks that should ring a bell, others are lesser-known companies that serve as the backbone of brands you may be more familiar with. Almost all of them provide varying levels of dividend income. SEE ALSO: 57 Dividend Stocks You Can Count On
This week we saw the The Hain Celestial Group, Inc. (NASDAQ:HAIN) share price climb by 12%. But don't envy holders...
[Editor's note: This article was originally published in August 2018. It has been revised to reflect current market trends.] The IPO success of Beyond Meat (NASDAQ:BYND) has me revisiting the world of plant-based foods and exploring how investors can take advantage of the move to meatless alternatives. Today, the global plant-based meat market is estimated to be $12.1 billion. It's expected to grow to $27.9 billion by 2025, a compound annual growth rate of 15%.InvestorPlace - Stock Market News, Stock Advice & Trading TipsWhile many companies have focused on vegetarian and vegan markets in the past, it's clear that most food companies are now going after the "flexitarian" consumer: the person who still eats meat, but is opting for meatless alternatives regularly. Today, 32% of Americans identify themselves as flexitarian.As a result of this change in consumer tastes, companies have invested a total of $16 billion in plant-based meat, egg and dairy products. The "vegan wave" is now the flexitarian wave. * 7 Discount Retail Stocks to Buy for a Recession Regardless of what you want to call it, these seven companies are taking advantage of the move to meatless alternatives. And some of these stocks to buy might even make you a lot of money in the long run. Beyond Meat (BYND)Source: calimedia / Shutterstock.com By now, the Beyond Meat story is known by most investors, so I'll keep the IPO details to a minimum.The California plant-based food company went public on May 1 at $25 a share, selling 9.6 million of its stock for net proceeds of $219 million, not including the underwriters' over-allotment. The company's shareholders didn't sell any of their shares in the IPO. However, on Aug. 2, it did file a final prospectus that will see Beyond Meat sell 250,000 shares to the public along with some of its pre-IPO shareholders, selling 3 million shares of BYND stock. The company wisely waived the 180-day lock-up period for its main investors so that they can cash out a portion of their shares while they're up almost six-fold. A fundamental capital allocation principle is to sell your stock when it is expensive and repurchase it when it's cheap. While Beyond Meat's Q2 2019 net loss was $9.4 million, it did generate an operating profit of $2.2 million in the second quarter, a considerable improvement from the $7.3 million loss a year ago. Oh, and it's hard to forget revenues increased by 267% in the quarter to $67.3 million. As someone who buys their burgers quite frequently, it's not hard to see why. Tyson Foods (TSN)Source: Daniel J. Macy / Shutterstock.com A lot has happened since I last wrote about Tyson Foods (NYSE:TSN) and its foray into meatless alternatives. Some of it good, some of it bad. In 2016, Tyson made a 5% investment in Beyond Meat, the company behind the burger that has taken Canada and the U.S. by storm. It upped its stake at the end of 2017 as part of a $55 million investment round by the California-based company."We got attacked when we signed a deal with Tyson. People said I personally have blood on my hands," said Beyond Meat CEO Ethan Brown at the time. "Tyson took a big risk, too. I mean Hayes didn't get any love letters when he backed us. But I'd much rather try to get things done than throw stones, and the people at Tyson know how to move the needle."Unfortunately for Tyson shareholders, the company didn't make it to the ball, selling its shares in April for an undisclosed amount, after Tyson CEO Noel White decided the company would create its own plant-based protein line. Tyson's brand is called Raised & Rooted. It will compete with Beyond Meat. However, while its chicken nugget product will be meatless, its burger will contain Angus beef as well as pea protein isolate. According to TSN's chief marketing officer, "While most Americans still choose meat as their primary source of protein, interest in plant and blended proteins is growing significantly". * 10 Battered Tech Stocks to Buy Now The fact is, 70% of the people who eat Beyond Meat burgers are meat-eaters. Sustainable foods are the wave of the future. Kellogg (K)Source: DenisMArt / Shutterstock.com When most people think of Kellogg (NYSE:K), the first thing that likely comes to mind is cereal: Special K, Frosted Flakes, Mini-Wheats, etc. However, it has owned a vegetarian food brand called MorningStar Farms since acquiring the business in 1999. The company sells over 90 million pounds of faux meat (burgers, chicken, sausage, etc.) every year, with a third from fake burgers and the remaining two-thirds from its other products. Estimates suggest that MorningStar generates $450 million in annual revenue, about double the amount Beyond Meat sells in a year. Beyond Meat is valued at 64 times sales. If MorningStar Farms were given the same valuation, it would be worth $29 billion to Kellogg, about 50% more than the company's current market cap. It is clear that Kellogg is aware of MorningStar Farm's potential"When we [Kellogg] have spoken to people, we've seen that the desire to eat plant-based alternatives has increased in the last four years by 45%, and 53% of the Canadians we speak to are already eating meat alternatives," Kellogg Canada's VP of Marketing Christine Jakovcic recently stated. The big question is whether its management is smart enough to take advantage of the popularity of meatless products. Amazon (AMZN)Source: Shutterstock It has been a whirlwind 23 months since Amazon (NASDAQ:AMZN) stunned the world buying Whole Foods for $13.7 billion.Prognosticators of all types came out of the woodwork predicting the many changes Jeff Bezos would implement at the healthy foods grocery-store chain.One of the more sensible changes is expanding Whole Foods' delivery network. Whole Foods now provides two-hour delivery in 90 cities across the U.S.Not surprisingly, the predicted drop in prices at Whole Foods, has yet to materialize."While deeper promotional pricing on key items, incremental savings … and increased convenience for Prime Members in the first year under Amazon ownership have caught our eye as consumers, the reality is that Whole Foods pricing on a broad basket has remained largely unchanged," stated a report from Gordon Haskett Research Advisors.According to the report, $400 spent on a basket of food at Whole Foods in October 2017, now costs $398.50, producing a whopping $1.50 in savings. * 7 Stocks to Buy In a Flat Market If you're an Amazon investor, this is excellent news because the money to pay for a $15 minimum wage has to come from somewhere. Con Agra (CAG)Source: Shutterstock In my previous article about the move to plant-based foods, I discussed Hain Celestial (NASDAQ:HAIN), one of the earliest adopters of meatless and vegan alternatives. One of its companies is Yves Veggie Cuisine, founded by Canadian food entrepreneur Yves Potvin in 1985. Potvin used $5,000 of his own money, $10,000 from family and $25,000 in small-business loans to get it up-and-running. Potvin sold Yves to Hain in 2001.Potvin's next move was to create Gardein in 2003, a maker of meatless alternatives, including veggie burgers and chicken sliders, the founder's favorite Gardein product. Potvin sold Gardein in 2014 to Pinnacle Foods, now a subsidiary of ConAgra Brands (NYSE:CAG), for $154 million. ConAgra likely acquired Pinnacle Foods, in part, to take advantage of the flexitarian movement."That means the opportunity here could be in the range of $30 billion just in the U.S.," CEO Sean Connolly said recently. "And you know, there's even more opportunity internationally."If you are a CAG shareholder, Gardein is a big reason to hang on to your stock. Restaurant Brands International (QSR)Source: Shutterstock While most investors in the U.S. are familiar with Restaurant Brands International (NYSE:QSR) because of its Burger King restaurants, up here in Canada, where I live, Tim Hortons is an iconic name that RBI is trying to grow with Canadians and coffee lovers in other parts of the world, including the U.S.To compete with other fast-casual names, Tim Hortons has introduced and continues to test plant-based alternatives. In the past month, Tim Hortons has launched a Beyond Meat burger in Canada, Beyond Meat vegetarian sausage patties, and is experimenting with plant-based eggs. Early indications suggest the plant-based eggs, which are made by San Francisco food company Just, are getting rave reviews. According to a Just spokesperson, "Canada is one of the most requested markets for JUST and we're excited to be able to offer our product at select Tim Hortons locations for this market test." * 7 Deeply Discounted Energy Stocks to Buy I haven't been a fan of QSR stock -- it has a lot of debt -- but if it continues to innovate in this growing area of the restaurant and food industries, I might just have to change my tune. Impossible FoodsSource: Shutterstock In the previous slide, I discussed some of the initiatives Restaurant Brands International were doing for its Tim Hortons brand in Canada. I mentioned that the company also owns Burger King. Well, Burger King announced Aug. 1 that it is testing the Impossible Whopper, a plant-based version of its top-selling burger, for one month across all 7,200 stores in the U.S.Impossible Foods make the Impossible Whopper, the same people behind the plant-based burger that's available at all Wahlburger locations across the U.S. Burger King first tested the Impossible Whopper in 59 stores in the St. Louis area. The stores that sold this burger saw foot traffic increase by a whopping 18.5%. However, because the burger contains soy leghemoglobin, it isn't considered to be vegan.In May, Impossible Foods raised $300 million to bring its total funds raised to $750 million since its inception in 2011. Although the company is expected to go public at some point in 2020, it's not in a rush to do an IPO. Like Beyond Meat, it has a who's who list of investors, including Serena Williams, Bill Gates, Jay-Z and many others. The latest fundraise valued Impossible Foods at $2 billion. At the time of this writing, Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Internet Stocks Getting Hammered * 6 Big Growth ETFs to Buy For the Second Half of 2019 * 5 Cheap Stocks to Buy Now That the Fed Cut Rates The post 7 Stocks to Buy to Ride the Vegan Wave appeared first on InvestorPlace.
US lingerie brand Victoria’s Secret has become the latest company to warn it is feeling the pinch from a drop in the value of the British pound, saying sterling’s slide posed a challenge to the “fundamental economics” of importing merchandise into the UK. Speaking at a conference in Ohio for investors in parent L Brands, the group’s international head Martin Waters said a relatively weak economy in the UK was undermining efforts to revive the company’s lossmaking business in the country. Three years ago, he said, the UK business was “nicely profitable and positioned for growth”.
Hain Celestial (HAIN) delivered earnings and revenue surprises of -4.55% and -4.02%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
Hain Celestial Group (NASDAQ: HAIN ) reported fourth-quarter earnings of 21 cents per share, which beat the analyst consensus estimate of 20 cents by 5%. This is a 22.22% decrease over earnings of 27 cents ...
Successful Continued Execution of Transformational Strategic Plan Third Consecutive Quarter of Sequential Adjusted Margin Improvement Provides Fiscal Year 2020 Guidance LAKE SUCCESS, N.Y. , Aug. 29, 2019 ...
The jump in Hain Celestial's stock price comes as the maker of herbal teas and natural foods products scrambles to insulate its bottom line from potentially large trade and economic disruptions in the United Kingdom, its largest market, amid looming Brexit turbulence.
Hain Celestial Group Inc. said Wednesday that it has sold the Tilda brand of basmati and specialty rice for $342 million in cash to Ebro Foods S.A., a deal that lowers Hain's exposure to Brexit impact. "Tilda has been a strong business for us, primarily in the United Kingdom, and under new strategic ownership, we expect the brand to continue to thrive," said Hain Celestial's Chief Executive Mark Schiller in a statement. "In addition, this divestiture will enable us to reduce our exposure to marketplace disruption associated with the uncertainty of Brexit and additional future potential foreign currency fluctuations." Hain says it will use a portion of the proceeds to pay down debt. The company is scheduled to report fiscal fourth-quarter earnings on Thursday. Hain Celestial shares edged up 0.4% in Wednesday premarket trading, and have gained 14.6% for the year to date. The S&P 500 index is up 14.5% for 2019 so far.
LAKE SUCCESS, N.Y., Aug. 28, 2019 /PRNewswire/ -- The Hain Celestial Group, Inc. (HAIN) ("Hain Celestial" or the "Company"), a leading organic and natural products company with operations in North America, Europe, Asia and the Middle East providing consumers with A Healthier Way of Life™, today announced that it has completed the strategic sale of Tilda®, a premium basmati and specialty rice brand, to EBRO FOODS S.A. for a purchase price of $342 million in cash. The purchase price reflects an adjusted EBITDA multiple of 13.5x, based on estimated fiscal year 2019, which the Company will report on August 29, 2019.
Although sluggishness in the United States and Rest of the World is a concern, the improving adjusted EBITDA margin trend is likely to provide some support to Hain Celestial (HAIN) in Q4.
LAKE SUCCESS, N.Y. , Aug. 22, 2019 /PRNewswire/ -- The Hain Celestial Group, Inc. (Nasdaq: HAIN) ("Hain Celestial" or the "Company"), a leading organic and natural products company ...
Grateful Dead-inspired blend available via online giveaway starting Aug. 22 BOULDER, Colo. , Aug. 22, 2019 /PRNewswire/ -- Back by popular demand, Grateful Dead fans can settle down easy with the release ...
Hain Celestial (HAIN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
LAKE SUCCESS, N.Y. , Aug. 15, 2019 /PRNewswire/ -- The Hain Celestial Group, Inc. (Nasdaq: HAIN), a leading organic and natural products company with operations in North America , Europe , Asia and the ...
By now, most InvestorPlace readers who follow my work will recognize my overall bullishness toward marijuana stocks. However, not all sector players are built the same, as controversial Aphria (NYSE:APHA) can attest. In an industry where competitors feed off each other, Aphria stock is in many ways a major liability.Source: Shutterstock That's because for all the work toward credibility that marijuana companies forward, APHA stock undoes this broader effort. As you may recall, Aphria was involved in a massive scandal over the past several months. It began with a short-seller's report making a damning accusation: management engaged in shady dealings for acquisitions that mostly benefitted insiders at the expense of shareholders.In response, the company's board of directors hired an independent committee to investigate the accusation. Eventually, that led to the ouster of former Aphria CEO Vic Neufeld and co-founder Cole Cacciavillani. Hain Celestial's (NASDAQ:HAIN) Irwin Simon stepped in as interim and now full-time CEO. In theory, this should spark a new direction for Aphria.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAnd to some extent, Simon helped steady the ship. Unfortunately, the company still has a credibility problem, which impacts both APHA stock and the cannabis industry. First, during the height of the controversy, Aphria promised to issue a line-by-line rebuttal of the short-seller report. Not only did management fail to provide that rebuttal, but they're also playing dumb about the whole issue. * 15 Growth Stocks to Buy for the Long Haul Second, APHA still maintains vagaries in its financial reporting. That makes Aphria look amateurish compared to proper heavyweights like Canopy Growth (NYSE:CGC). It's also a bad look for the stock, with investors questioning the equity's longer-term viability.Is it finally time to let APHA stock go? Aphria Stock Is Still Risky, but Also TemptingOn the surface, I can't help but have reservations toward APHA stock. We've seen short sellers attack marijuana firms before, but this was a very specific accusation. Worse yet, the targeted company is being very coy about the incident.As I dig deeper, the narrative gets uglier. Like I said before, it doesn't help that rivals are complying with GAAP reporting and regulatory standards. And more recently, the illegal growing scandal impacting CannTrust (NYSE:CTST) clouds the entire cannabis industry. Bluntly, why buy Aphria when you have so many other superior options available?It's a fair question and explains why part of me is extremely hesitant about these shares. On the other hand, the speculative side of my brain wonders why APHA stock has effectively mitigated PR damages.For instance, if you look at the year-to-date return for Aphria stock, they're firmly in positive territory at nearly 23%. Yes, APHA dipped badly in July, but it came back strong this month. I'd say that's unusual for a company facing incredibly damaging accusations, especially one doing a poor job defending itself.Furthermore, I can't help but ask an obvious question: why did Irwin Simon decide to not only jump to cannabis but also to take over one of the industry's most controversial companies? Earlier this month, Simon told Mad Money's Jim Cramer that "cannabis is big business," and that Aphria has a strong foothold in this market.I don't think this is your typical corporate rah-rah speech. Simon had a perfectly fine career in a perfectly fine (and inoffensive) industry. By jumping to marijuana, he could easily damage his reputation. Therefore, the fact that he's willing to put his neck out gives me confidence toward Aphria stock. Markets Are Also Demonstrating Belief in APHA StockOf course, you typically shouldn't base your investment decisions on what other people are thinking or doing. That said, Aphria stock is a different beast because of its underlining industry: cannabis stocks are heavily narrative-driven.But ultimately, the markets represent the true arbiters of any equity. And right now, they have established that the $7 price point is strong support for APHA stock. So long as it can maintain this level, I think the upside potential is greater than the downside risk.That's not an invitation to load the boat. As I mentioned up top, Aphria stock has no shortage of bearish catalysts. But because of this robust minefield, APHA really should have collapsed by now. That it's holding its own despite the risks implies that the bulls will give this troubled name a second chance.As of this writing, Josh Enomoto did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Real Estate Investments to Ride Out the Current Storm * 7 Marijuana Penny Stocks to Consider for Those Who Can Handle Risk * 7 Safe Dividend Stocks for Investors to Buy Right Now The post Aphria Stock Is Ugly but Still Here, and That Is a Win appeared first on InvestorPlace.
The Hain Celestial Group, Inc. (NASDAQ:HAIN), which is in the food business, and is based in United States, received a...