|Bid||0.00 x 1300|
|Ask||0.00 x 800|
|Day's Range||107.58 - 109.25|
|52 Week Range||89.10 - 115.82|
|Beta (3Y Monthly)||0.03|
|PE Ratio (TTM)||22.32|
|Earnings Date||Jan 30, 2019 - Feb 4, 2019|
|Forward Dividend & Yield||2.89 (2.66%)|
|1y Target Est||101.33|
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.
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.