|Bid||149.50 x 800|
|Ask||150.74 x 1200|
|Day's Range||149.30 - 151.23|
|52 Week Range||100.80 - 162.20|
|Beta (5Y Monthly)||0.05|
|PE Ratio (TTM)||24.89|
|Earnings Date||Jan 29, 2020|
|Forward Dividend & Yield||3.09 (2.05%)|
|Ex-Dividend Date||Nov 19, 2019|
|1y Target Est||147.80|
Public trust isn’t taken for granted these days. Not with companies like Facebook, Inc. (NASDAQ: FB ) and Apple Inc. (NASDAQ: AAPL ) violating privacy expectations and raising consumer alarms. Some companies ...
HERSHEY, Pa., Jan. 06, 2020 -- The Hershey Company (NYSE:HSY) announced today that it will release its fourth-quarter sales and earnings results on Thursday, January 30, 2020,.
Uncertainty heading into a presidential election cycle, a continued trade war with China (it's only a "Phase One" agreement, after all) and potentially sluggish U.S. economic growth has many Wall Street analysts recommending investors rotate into defensive stocks. And unsurprisingly, consumer staples stocks are getting the nod heading into 2020.It makes sense. Consumer staples stocks - which provide things that people need on a near-daily basis, from food to toiletries - make excellent investments in virtually every economic environment, but they're especially attractive during economic slowdowns. That's because people simply can't cut back on consumer staples like they can other products. As a result, the sector has historically outperformed the broader market during downturns."We expect the market to vacillate between a pro-cyclical outcome and a defensive one as data comes in and trade tensions and the election evolve," Mike Wilson, Morgan Stanley's chief U.S. equity strategist, wrote in a note to clients in early December. "We slightly favor the more defensive outcome given our well below the consensus forecast for S&P; 500 earnings growth next year."Admittedly, if we get another bull run like we did in 2019, consumer staples might lag a bit. While their 2019 total return (price plus dividends) through Dec. 30 of 27.3% is far better than their 12-year average annual return of 10.4%, it still was about three percentage points behind the S&P; 500\. However, if the market gets choppy, and especially if a correction or bear move is in the cards, expect this sector to shine.Against that backdrop, here are the best consumer staples stocks to buy for 2020. These picks, which include a pair of funds, offer an ideal combination of growth, downside protection and yield that should come in handy if turbulence kicks up in 2020. SEE ALSO: Hedge Funds' Top 25 Blue-Chip Stocks to Buy Now
Last year's fourth quarter was a rough one for investors and many hedge funds, which were naturally unable to overcome the big dip in the broad market, as the S&P 500 fell by about 4.8% during 2018 and average hedge fund losing about 1%. The Russell 2000, composed of smaller companies, performed even worse, trailing […]
[Editor's note: "7 Safe Dividend Stocks for Investors to Buy Right Now" was previously published in October 2019. It has since been updated to include the most relevant information available.]Income investors are looking for sources of yield again, as interest rates are low once more and the safe sources of fixed-income yield are drying up.Against that backdrop, conservative dividend stocks look like better and better alternatives to bonds for income investors. We saw a similar trend play out in 2015-16, with rate sensitive stocks soaring. Then, those gave way as the economy picked up steam and investors rushed back into big growth names like the FAANG stocks -- Facebook (NASDAQ:FB), Amazon (NASDAQ:AMZN), Apple (NASDAQ:AAPL), Netflix (NASDAQ:NFLX) and Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL).InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Best Stocks for 2020 Here are seven conservative dividend stocks to buy for income investors. Exxon Mobil (XOM)Source: Shutterstock Dividend Yield: 5%If you're a short-term trader, energy stocks have been a terrible place to be this year. But for dividend investors, the longer this slump drags on, the better.Take Exxon Mobil (NYSE:XOM) for example. XOM stock has gone essentially nowhere since 2005. The combination of plunging natural gas prices and the renewed weakness in crude oil scared everyone out of the sector. But with that mass departure comes opportunity.XOM stock is now yielding 5%. That's its highest level since the early 1990s. It's hard to overstate how pessimistic folks have gotten on oil and gas. But for the big dogs with great balance sheets, like Exxon, this is their time to shine. They can buy up assets from struggling and bankrupt rivals for cents on the dollar, and wait for the cycle to turn.Exxon's management is now planning for aggressive growth at the same time, so many other firms are having to pull back. In fact, Exxon is looking to double cash flow and earnings over the next five years. If it can do so, Exxon stock stock will soar. And you get a 5% dividend yield while you wait. BP (BP)Source: Shutterstock Dividend Yield: 6.45%Exxon isn't the only energy stock worth considering thanks to the latest sell-off in energy shares. Dividend investors should also take a look at BP (NYSE:BP) stock at these prices. BP got itself into hot water ages ago with the Deepwater Horizon tragedy, and the stock has underperformed ever since then.But the company's liabilities associated with that are almost gone now. Meanwhile, the company has greatly cut costs, making itself profitable even in current low-energy-pricing conditions.Skeptics had suggested that BP stock would have to cut its dividend to get through this difficult period for oil and gas companies. Instead, BP was able to maintain its juicy yield. * 10 Best Stocks for 2020 It's worth remembering that the United Kingdom and U.S. have a tax arrangement that ensures investors pay no foreign dividend taxes on their British shareholdings. This makes BP a nice option for dividend investors seeking to diversify their income streams beyond American sources. Kraft Heinz (KHC)Source: Shutterstock Dividend Yield: 5%It has been a great year for consumer staples stocks. In general, the sector has moved sharply higher, and many stalwarts like Hershey (NYSE:HSY) are up 40% or more and hitting new all-time highs. However, not all staples stocks have blasted off.For example, there is Kraft Heinz (NASDAQ:KHC). Kraft Heinz suffered an unbelievable decline from a peak of $90 to $27 in just a few years. Despite involvement from investing legends including Warren Buffett and 3G Capital, Kraft Heinz imploded thanks to failing growth prospects and excessive leverage.But don't count out the condiments and packaged foods maker just yet. The company has sold off non-core assets and adjusted its capital allocation to shore up the balance sheet. Management is changing its branding strategy as well. And at these depressed prices, KHC stock is undervalued even compared to other struggling sector laggards, to say nothing of industry leaders like Hershey and McCormick (NYSE:MKC).Even assuming Kraft Heinz only gets back to comparable enterprise value/EBITDA and price-to-earnings ratios with other lower-tier packaged foods stocks, it should still trade back up to $40 from the current $32 valuation.And at this price, KHC stock yields 5%. In a world that is increasingly starved for meaningful yield, Kraft Heinz will become irresistible to income investors. Hormel Foods (HRL)Source: Shutterstock Dividend Yield: 2.05%Another solid choice in the staples industry at this point is Hormel Foods (NYSE:HRL) stock.Forget about vegan meat for a second, there's way more dividend potential in the real stuff. Hormel is known for its legacy SPAM brand, but it makes a great assortment of lunchmeats, bacon and canned meals as well.It has acquired natural and organic meat brands to appeal to millennial consumers in recent years. It has also diversified in organic nut-butters, guacamole, Mexican salsas and other more youth-orientated products.Hormel stock enjoyed a tremendous run the last time interest rates plummeted a few years ago; HRL stock shot up 50% in six months. Since then, Hormel has traded sideways, however, as investors moved back out of dividend stocks. But its earnings are up 25% over the same period. * 10 Best Stocks for 2020 With investors piling back into yield plays, however, Hormel Foods should soar to new all-time highs. The African swine fever has been a bump in the road. Higher pork prices have hurt margins. But as pricing reverts to normal in 2020, Hormel's earnings per share should soar above $2, supporting a $50 share price based on its historical median earnings ratio.Hormel is the lowest-yielding stock on this list, at 2%. But it is a dividend king with more than 50 years of consecutive dividend hikes.It has consistently grown its dividend (and its earnings) at more than 10% per year for decades now. This means that investors get a starting yield significantly higher than in bonds, with rapid increases to their income stream over time. With dividend aristocrats back in style, HRL stock is heading to new all-time highs. Molson Coors Brewing (TAP)Source: Shutterstock Dividend Yield: 4.2%Turning from food to beer, we have Molson Coors Brewing (NYSE:TAP) stock. The big macro-brewers have seen their stocks implode in recent years based on craft beer fears. And those were valid fears. But note the past tense.In 2018, U.S. craft beer grew just 3% overall, with many of the leading craft brewers showing an outright decline in production. Arguably, craft beer over-expanded, and has now lost its cutting-edge trendiness.Meanwhile, there's still plenty of people that like macro beers, along with cheaper brews in general. The major beer companies still control nearly 80% of the American market after all. And Molson Coors plays to both lanes; it owns leading craft brands such as Blue Moon to complement its mainstream holdings.Why buy TAP stock now though? For one thing, it's at multi-year lows and its decision to rebrand and revamp should add shareholder value. Wells Fargo (WFC)Source: Shutterstock Dividend Yield 3.8%Investors don't like bank stocks much right now. In fact, other than energy, there's little that is more disliked at the moment. And with that comes opportunity.Interest rates have plummeted so rapidly since last year, and the bond market is now pricing in the equivalent of six Fed rate cuts to the long end of the curve.As the rate curve heads back to more normal levels, banks will benefit. Right now, people are pricing in a massive drop in profits for the industry going forward, but this could reverse on a dime. * 10 Best Stocks for 2020 Who wins? Wells Fargo (NYSE:WFC) stock is one obvious winner. Investors have shunned the bank since the account scandals a few years ago. But the bank has thrown out old management and moved on. Meanwhile, the stock price has gone nowhere for many years as capital piles up. This is allowing it to go on an aggressive shareholder return plan now.Wells Fargo is now paying a nearly a 4% dividend yield. On top of that, the company has authorization to repurchase more than 10% of its total outstanding float over the next year. Add it up, and the bank is offering a shareholder yield of nearly 15%. Throw in any improvement in the economic outlook, and we could see WFC stock rise 25% over the next year and pay a generous dividend along the way. PacWest Bancorp (PACW)Source: Shutterstock Dividend Yield: 6.15%The other banking dividend stock to consider today is PacWest Bancorp (NASDAQ:PACW), which offers a dividend yield of over 6% at the moment.Headquartered in Los Angeles, PacWest is a major player in the California market and currently sports a $4.6 billion market cap. That puts it in a sweet spot, size-wise, where it may still be a buyout candidate, but it is large enough to manage the rising costs of regulation and banking technology costs.Despite the horrid state of the California housing market in 2008, PacWest survived the crisis. In fact, its shares never came close to zero during the panic. The bank has come out stronger and is now generating record profits. Thanks to the corporate tax cuts in particular, PACW stock is now at a cheap P/E ratio of just 10.1 times its trailing earnings.At the time of this writing, Ian Bezek owned BP, PACW, WFC, KHC, MKC, HSY, HRL, and XOM stock. You can reach him on Twitter at @irbezek. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Monthly Dividend Stocks to Buy to Pay the Bills * 9 High-Growth Stocks to Buy Now for Monster Returns * 7 Healthy Dividend Stocks to Buy for Extra Stability The post 7 Safe Dividend Stocks for Investors to Buy Right Now appeared first on InvestorPlace.
At the same time, BofA dropped its bullish case for Hershey Co (NYSE: HSY) on valuation concerns. BofA Securities analyst Bryan Spillane upgraded Kellogg from Underperform to Buy with a price target lifted from $53 to $75. Kellogg's past two years have been defined by improving sales growth but lagging profits, Spillane said in the Friday upgrade note.
STOCKSTOWATCHTODAY BLOG U.S. stock futures were flat after markets set more records on Thursday. The Dow Jones Industrial Average closed at almost 28,376, the 18th record close of 2019. The S&P 500 closed at 3,205, the 31st record close .
HERSHEY, Pa., Dec. 18, 2019 -- Michele Buck, Chairman, President and CEO of The Hershey Company (NYSE: HSY), today announced new leaders who will join her executive management.
Coca-Cola, PepsiCo, Hershey and other big consumer packaged goods brands have begun inundating supermarket aisles and online shops with new products to satisfy consumers' changing appetite.
Deutsche Bank sees opportunity for food companies in 2020. The firm announced Dec. 11 that it would be resuming coverage across 13 large-cap food companies.
Cereal lovers are rejoicing Wednesday as the product of a much-anticipated partnership between chocolate maker Hershey Co (NYSE: HSY) and food company General Mills, Inc. (NYSE: GIS) becomes available in select locations. Hershey's Kisses Cereal is available for sale in some regions and its presence will be expanded in January, according to Today. The popular YouTube channel Cereal Time TV got their hands on an early sample of the Hershey's Kisses cereal.
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