|Bid||0.00 x 900|
|Ask||153.41 x 3200|
|Day's Range||153.31 - 155.40|
|52 Week Range||99.15 - 162.20|
|Beta (3Y Monthly)||0.04|
|PE Ratio (TTM)||26.52|
|Forward Dividend & Yield||3.09 (2.01%)|
|1y Target Est||N/A|
Hershey (HSY) regularly brings innovation to meet consumer demand. Further, the company is focusing on solidifying its footing in the growing snacking business.
Bellring Brands Inc. , a spinoff of Post Holdings Inc. , has filed for an initial public offering, according to a Friday filing. The maker of PowerBar seeks to sell $100 million worth of shares, although that's often a placeholder used to calculate filing fees. Cereal maker Post will own a majority of the combined voting power of the new company and "will have the ability to control the direction of our business," Bellring said in its prospectus. Bellring listed net earnings of $40.3 million in the fiscal third quarter, compared with net earnings of $29 million in the year-ago period. Sales grew to $828 million in fiscal 2018 from $575 million in fiscal 2016, Bellring said. In the fiscal third quarter of 2019, sales rose to $238 million, from $216 million in the fiscal third quarter of 2018. Underwriters include Morgan Stanley, Citigroup, and J.P. Morgan. Bellring filed to trade on the New York Stock Exchange under the symbol BRBR. Last month, Hershey Co. said it had agreed to buy nutrition-bar maker One Brands LLC for $400 million, and Simply Good Food Co. announced its intention to buy Quest Nutrition LLC, another maker of protein bars, among other items, for $1 billion.
Zacks.com featured highlights include: Hershey, Synopsys, Jones Lang LaSalle, TransUnion and OneMain
Tyson Foods (TSN) is gaining from consistent growth in the Chicken and Beef units. However, rising input costs stemming from market volatilities are concerns.
Kimberly-Clark (KMB) is on track with restructuring initiatives to boost savings and drive efficiency. However, rising input costs and sluggishness in the K-C Professional unit are headwinds.
Strained gross margin and higher SG&A expenses are negatively impacting Sprouts Farmers (SFM) performance. Management expects SG&A expenses for the full year to increase about 10.5% year over year.
Church & Dwight's (CHD) robust brand portfolio is boosting market share across categories. However, weakness in the Specialty Products unit is a worry.
Lamb Weston (LW) focuses on efficient price/mix, buyouts and capacity expansion efforts. However, rising input costs and Poor potato harvest in Europe are worries.
Efficient pricing policies are supporting Mondelez's (MDLZ) organic sales and gross margin growth. However, adverse currency rates and input costs are hurdles.
Conagra (CAG) plans to develop a new innovation center in Chicago, to primarily cater to product development requirements in the snacking unit.
Tyson Foods (TSN) highlights potential headwinds in Q4 that are likely to dent performance. Consequently, management trims fiscal 2019 view.
Dean Foods (DF) is being hurt by rising costs of class I raw milk and receding fluid milk volumes. Nevertheless, its cost-productivity program is likely to provide some respite.
Campbell Soup's (CPB) fourth-quarter fiscal 2019 revenues gain from advancements in the Snacks unit while the bottom line benefits from lower adjusted tax.
Coty's (COTY) Q4 results depicts persistent softness in the Consumer Beauty segment, due to weakness in Younique. However, growth in the Luxury unit is an upside.
Hershey said in a press release it reached an agreement to acquire ONE Brands, a maker of low-sugar, high-protein and nutritious snacks. Hershey will pay $397 million, or around $325 million net of tax benefits. Hershey's prior acquisitions in the healthy snack segment includes the 2018 purchase of Amplify Snack Brands and a recent investment in vitamin-fortified snack market FULFIL Holdings.
Hershey Company (HSY) inks deal to purchase ONE Brands, which is likely to enrich its portfolio with brands in the nutrition bar category.
The Hershey Co. plans to buy a maker of sweet nutrition bars for nearly $400 million, as food companies continue to target healthier snacks that provide protein. Hershey announced Tuesday afternoon that it plans to acquire One Brands LLC, which makes nutrition bars with sweet flavors such as blueberry cobbler, cinnamon roll and birthday cake. "Our beloved confection brands will continue to be the engine that drives our business while we broaden our better-for-you portfolio, offering more snacking choices for more consumers," Hershey's chief growth officer, Mary Beth West, said in a statement. The move comes less than a week after Quest Nutrition LLC, which also specializes in snack bars containing protein, was acquired for about $1 billion. Hershey said it would finance the deal with cash and short-term debt, expects it to close in the fourth quarter and be "slightly accretive" to earnings in the first full year of ownership.
B&G Foods (BGS) is likely to witness input cost inflation in 2019. Nevertheless, efficient cost reduction and pricing strategies bode well.