|Bid||101.18 x 800|
|Ask||0.00 x 1300|
|Day's Range||108.44 - 110.09|
|52 Week Range||89.10 - 115.82|
|Beta (3Y Monthly)||0.03|
|PE Ratio (TTM)||22.57|
|Earnings Date||Jan 30, 2019 - Feb 4, 2019|
|Forward Dividend & Yield||2.89 (2.66%)|
|1y Target Est||101.33|
Leverage from strong sales and margin expansions have helped McCormick (MKC) to exceed analysts’ expectations in the past several quarters. McCormick surpassed Wall Street’s expectations in the past seven consecutive quarters and reported double-digit growth in its earnings in the past four consecutive quarters.
McCormick (MKC) has outperformed its peers with its margin performances in the past several quarters and has managed to expand its margins at an exceptional rate despite higher freight costs.
McCormick (MKC) has impressed with its top line performance in the past four quarters, with its net sales increasing at an average rate of 22.4% in the period. Incremental sales from its acquired brands, continued strength in its core business, new products, and a mix shift toward value-added products supported the company’s top line growth.
Investors Who Overlooked the Food Sector Missed Out on McCormickMcCormick outperforms broader markets and peers
Tyson Foods (TSN) posted net sales of $10.0 billion in the fourth quarter. The company’s net sales fell short of analysts’ expectation of $10.3 billion and declined 1.4% on a YoY (year-over-year) basis. Tyson Foods’ top line also declined sequentially.
The Hershey Company (HSY) announced today that it has agreed to purchase 450,000 shares of its common stock from Hershey Trust Company, as Trustee for the Milton Hershey School Trust, for approximately $48 million, or $106.30 per share. "Hershey regularly buys back shares as part of its stock replenishment program,” said Michele Buck, President and Chief Executive Officer, The Hershey Company. The Hershey Company, headquartered in Hershey, Pa., is an industry-leading snacks company known for bringing goodness to the world through its iconic brands, remarkable people and enduring commitment to help children succeed.
HERSHEY, Pa., Nov. 7, 2018 /PRNewswire/ -- Hershey Trust Company today announced the sale of 4.5 million shares of The Hershey Company (HSY) common stock. Specifically, Hershey Trust Company reached an agreement to sell 4,050,000 shares of common stock to Morgan Stanley. An additional 450,000 shares are being sold by Hershey Trust Company to The Hershey Company. Hershey Trust Company is the Trustee of the Milton Hershey School Trust, which under Milton and Catherine Hershey's 1909 Deed of Trust funds the Milton Hershey School.
Walmart Inc (WMT.N), Target Corp (TGT.N) and other grocers have kept prices low over the past two years to fend off growing challenges from Amazon.com Inc's (AMZN.O) Whole Foods Market, German discount supermarket Aldi Inc, and others. Companies including Procter & Gamble Co (PG.N), Kellogg Co (K.N) and Hershey Co (HSY.N) have told grocers in recent months that they need to raise prices on some products, as commodities costs surge and truck fleets hike rates. Consumers have money and wages are finally up," said Storch, the former CEO of Hudson's Bay Co (HBC.TO) and ex-vice chairman of Target.
Kraft Heinz (KHC) stock fell 7.3% in after-hours trade following the company’s third-quarter results on November 1. Kraft Heinz reported better-than-expected top-line growth. Meanwhile, improvement in organic sales was a positive surprise. However, the company missed analysts’ estimate on the bottom-line front, which didn’t sit well with investors.
Several analysts covering Kellogg (K) stock lowered their target prices following the company’s third-quarter results and reduced the EPS growth outlook. Credit Suisse reduced its target price to $70 per share from $75. Meanwhile, Morgan Stanley lowered the target price on Kellogg stock to $68 from $75. J.P. Morgan lowered the target price to $72 from $78.
Kellogg (K) reported an adjusted EPS of $1.06 during the third quarter—in line with analysts’ projections and an increase of 2.9% YoY (year-over-year). The following graph shows that Kellogg’s EPS growth marked a steep slowdown sequentially.
Did you forget? There’s no wrong way to eat a Reese’s Peanut Butter Cup. “America, we’re excited to give you another way to enjoy that irresistible, delicious, salty, sweet combo that can only come from Reese’s,” said Veronica Villasenor, Senior Director, Reese’s Brand.
Kellogg’s (K) profit margins continued to slide during the third quarter despite the company annualizing the downward adjustment in the pricing following the DSD (direct store delivery). Kellogg’s gross profit margins took a hit from the mix shift towards low margin markets and categories. The DSD transition remained a drag, while Multipro’s consolidation had a negative impact.
On October 31, Kellogg (K) shares fell more than 7% after the company reported its third-quarter results. Kellogg’s top line was slightly ahead of analysts’ expectations. Kellogg’s margins remained challenged.
Warning! GuruFocus has detected 3 Warning Sign with HSY. The GuruFocus All-in-One screener found popular candy companies in the U.S. are The Hershey Co. (HSY), Mondelez International Inc. (MDLZ), Rocky Mountain Chocolate Factory Inc. (RMCF) and Tootsie Roll Industries Inc. (TR). The Peter Lynch chart shows the stock is trading higher than its fair value, suggesting it is overvalued.
Mondelēz (MDLZ) reported better-than-expected bottom-line results for the third quarter. Mondelēz’s adjusted EPS of $0.62 jumped 10.7% on a YoY basis and came in ahead of analysts’ estimate of $0.61.
Mondelēz International (MDLZ) reported lower-than-expected net sales during the third quarter. Mondelēz’s net sales of $6.3 billion fell short of analysts’ expectation and decreased 3.7% on a YoY (year-over-year) basis.
Mondelēz (MDLZ) reported mixed third-quarter results on October 29. Mondelēz’s third-quarter net sales missed analysts’ estimate and saw a YoY decline, reflecting the adverse impact from currency rates. However, its stock rose 2.7% after hours, as the company managed to improve its organic sales despite a tough YoY comparison.
The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. The current level displays a neutral indicator.
The FDA is changing its definition of healthy to reflect the evolution of nutrition science after makers of everything from pizza bagels and chewing gum tried to market their products as such. Yahoo Finance’s Melody Hahm speaks to Kind Bar CEO Daniel Lubetzky.
Reese’s candy is spooking competition tonight with their “Reese’s Halloween Candy Converter Machine,” which allows people to trade in Halloween candy they don’t want for a delicious Reese’s Peanut Butter Cup. And they’re stationed right here in New York, at Washington Square Park.
Have you ever received candy you didn't want on Halloween? Well time it's time to swap out with Reeses new candy exchange machine. The orange converter will set up here in New York's Washington Square Park today only from 4PM to 9PM. Yahoo Finance's Seana Smith, Adam Shapiro, Mike Murphy and Brian Cheung discuss.