|Bid||0.00 x 800|
|Ask||0.00 x 800|
|Day's Range||103.68 - 104.74|
|52 Week Range||89.10 - 115.82|
|PE Ratio (TTM)||21.38|
|Earnings Date||Oct 24, 2018 - Oct 29, 2018|
|Forward Dividend & Yield||2.89 (2.71%)|
|1y Target Est||97.82|
Three new internationally inspired M&M flavors are reportedly rolling out in 2019. That’s according to food vlogger SnackChat Live. Yahoo Finance’s Alexis Christoforous, Dan Howley and Maylan Studart discuss these nutty flavors.
Recently, McCormick’s (MKC) margins have been impressive. The company’s margins have expanded at a healthy rate in the past three quarters despite facing headwinds from higher distribution costs. During the last reported quarter, McCormick’s gross margin expanded by 340 basis points, while the operating margins improved by 330 basis points. Higher volumes, increased pricing, improved mix, and cost-saving measures more than offset the negatives stemming from cost inflation.
In the past four quarters, McCormick (MKC) has been impressive with its stellar top-line growth due to incremental sales from acquired brands. In the third quarter, analysts remain upbeat. Analysts expect McCormick (MKC) to sustain the sales growth momentum. On average, analysts expect McCormick to report net sales of $1.4 billion in the third quarter, which reflects 14.8% growth year-over-year.
General Mills (GIS) continues to disappoint with its soft organic sales and sluggish margins. During its most recent quarter, the company’s management stated that it had managed to improve its organic sales for the fourth consecutive quarter. The company’s gross and operating profit margins have contracted, reflecting continued inflation in input costs and higher transportation charges.
Analysts are keeping their neutral outlook on General Mills (GIS) stock after its fiscal 2019 first-quarter results. Susquehanna lowered its target price on the stock to $54 from $60. Piper Jaffray increased its target price to $47 from $45.
The Hershey Company (HSY) has impressed the market with its recent financial performance. The company’s improved pricing, incremental sales from its Amplify acquisition, lower effective tax rate, and improving outlook on the input cost front are expected to drive its top and bottom lines in the upcoming quarters. Hershey’s top line is expected to increase 3.5%–5.5% in 2018 driven primarily by its Amplify acquisition.
General Mills (GIS) reported stronger-than-expected bottom-line results for its fiscal 2019 first quarter. Its adjusted earnings of $0.71 remained flat YoY (year-over-year) but handily surpassed analysts’ estimate of $0.64.
The Hershey Co. is sending a mobile customer service insights center nationwide to help retailers with insights into shoppers and the snacks category. The 53-foot tractor trailer is expandable, and serves as an extension of the sweets and snacks company's Global Customer Insights Center located in Hershey, Pa. that has been in operation since 2006. The mobile center will provide a place for retailers to discuss strategies for areas like store layouts and checkout counters. The mobile center will make 25 stops before the end of the year. Hershey shares are down 9.6% for 2018 to date while the S&P 500 index has rallied 8.8% for the period.
General Mills (GIS) disappointed with its margins performance in its fiscal 2019 first quarter. Its adjusted gross and operating profit margins fell, reflecting continued inflation in input costs and higher supply-chain costs.
The Campbell Soup Company’s (CPB) worries are likely here to stay—at least for the next couple of quarters. The company’s top line is expected to gain from incremental sales from its Snyder’s-Lance acquisition. Meanwhile, Conagra Brands (CAG) announced its acquisition of Pinnacle Foods.
Shares of packaged food manufacturers have eroded a significant amount of investors’ wealth so far this year. Weak organic sales, low margins, and earnings pressures are taking a toll on the financials of these companies and, in turn, their stock prices.
The Hershey Company (HSY) today unveiled its new 53-foot, expandable Mobile Customer Insights Center (MCIC) tractor trailer during a ribbon-cutting ceremony at Hershey’s headquarters. Beginning immediately, the MCIC will take Hershey’s shopper insights and snacks category expertise directly to its retail partners across the country. To stay ahead, today’s retailers need a new playbook and that’s exactly what we’re bringing to their front door,” said Phil Stanley, Chief Sales Officer, The Hershey Company.
If there’s one thing that’s more important than anything else in investing, it is this: look forward, not back. One way to keep your eye toward the future is by looking at what the kids are doing. While the youngest cohort of millennials and Generation Z, also known as post-millennials, don’t have money and therefore don’t impact the economy in any meaningful way, they will inevitably grow up and get jobs. Eventually, like the older millennials today, these post-millennials will become the biggest driving force of the U.S. economy. ...
General Mills (GIS) reported Q1 2019 net sales of $4.1 billion, which was marginally below analysts’ estimate. But net sales increased 8.6% YoY (year-over-year). Blue Buffalo contributed ~9% to the net sales growth rate.
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.
Analysts maintained a neutral outlook on General Mills (GIS) stock before its earnings for the fiscal first quarter of 2019. Incremental sales from the Blue Buffalo acquisition, higher net price realization, cost and productivity savings, and lower taxes are expected to drive the company’s financials.
NEW YORK, NY / ACCESSWIRE / September 14, 2018 / The Hershey Company may not have seen a huge gain on Thursday but did head a little higher this week after the company announced on Wednesday that it would be buying snack food Pirate’s Booty owner B&G Foods for $420 million. The Hershey Company shares were up a modest 0.55% yesterday on about a million shares traded. Hershey is buying Pirate Brands from B&G Foods Inc. for $420 million in an all-cash deal.
Analysts expect General Mills (GIS) to report impressive top-line growth in the fiscal first quarter of 2019, registering net sales of $4.1 billion for a YoY (year-over-year) increase of 9.3%. General Mills’ top line is projected to benefit from its recent acquisition of Blue Buffalo.
has fulfilled its promise to build a line of salty snacks to complement its legacy confectionery and chocolate business. The 124-year-old company announced Thursday, Sept. 13, that it had acquired Pirate Brands, including the Pirate's Booty, Smart Puffs and Original Tings brands from B&G Foods BGS for $420 million, or approximately $360 million net of tax benefits. The Deal identified B&G and its Pirate Brands business as an attractive takeover target in late June.
General Mills (GIS) is expected to announce its results for the fiscal first quarter of 2019 on Tuesday, September 18. Analysts expect the company’s top line to gain significantly from its recent acquisition of Blue Buffalo. However, continued weakness in its underlying business remains a concern. Analysts expect General Mills’ organic sales growth to remain low as benefits from higher pricing are expected to be offset by soft volumes.
B1 stable) September 12th announcement that it had entered into an agreement to sell its Pirate Brands business -- including the Pirate's Booty, Smart Puffs and Original Tings brands -- to The Hershey Company (A1 stable) for approximately $420 million in cash is credit positive but does not impact the company's current ratings or outlook. The company is selling the asset at a favorable valuation, according to Moody's, and management has stipulated that it will use a material amount of the proceeds realized therefrom to reduce debt. For additional information, subscribers to Moody's research are directed to the associated Issuer Comment and Credit Opinion for B&G, which can be found on the rating agency's website at www.moodys.com.