|Bid||59.75 x 900|
|Ask||0.00 x 1400|
|Day's Range||63.40 - 65.57|
|52 Week Range||56.40 - 74.28|
|PE Ratio (TTM)||15.75|
|Earnings Date||Aug 2, 2018|
|Forward Dividend & Yield||2.16 (3.55%)|
|1y Target Est||69.30|
Consumer staples stocks have been one of the worst performing sectors among the S&P 500 industries for more than a year now, but that sell-off in the makers of everything from ketchup to sunblock may be overdone, at least according to Brad Sorensen, head of market and sector analysis for Charles Schwab's Schwab Center for Financial Research. In a recent blog post, the analyst at The Charles Schwab Corporation ( SCHW) said that, while stocks in the sector have been getting beaten up over competition and concerns that rising costs could hurt margins, fears may be unwarranted. After all, when it comes to the retail sector, the one competitor that everyone is worried about is Amazon.com, Inc. ( AMZN).
Photoshop and PDF reader company Adobe (ADBE) announced on Monday, May 21 that it’s buying Magento, a privately-held e-commerce company, for $1.68 billion. The acquisition would give the software company an e-commerce platform that would combine Magento’s offerings with Adobe’s Experience Cloud.
It was his first purchase of stock on the open market since he was named to the post in February 2017, and is the first Kellogg insider purchase of stock this year. The last time a Kellogg executive or director bought stock was in November when Chief Executive Steven Cahillane bought 15,930 shares for $1 million, or about $62.70 each. Cahillane's stock purchase was the first by a Kellogg insider in six years.
In the consumer sector, 93% of the companies have already reported their earnings for the first quarter. Last week was okay for most of the sectors in the S&P 500. The S&P 500 Index (SPY) fell 0.54% due to an ~3% and 1.4% slump in the utility and technology sectors.
The Campbell Soup Company (CPB) reported mixed fiscal third-quarter results on May 18. Campbell Soup likely needs to revisit its growth strategy, as the current one doesn’t seem to be doing it any good. Following the company’s sluggish performance and weak outlook, multiple analysts have lowered their price targets for Campbell Soup stock.
The Campbell Soup Company (CPB) reported net sales of $2.1 billion in its fiscal third quarter, a rise of 14.7% on a YoY (year-over-year) basis. Strong sales from its recently acquired brands and favorable currency rates drove the company’s top line growth rate. The company’s acquisitions of Pacific Foods and Snyder’s-Lance contributed 14% to its net sales growth rate.
The Campbell Soup Company (CPB) continued to report sluggish margins as higher-than-expected inflation in commodities and transportation costs remained a drag. During its fiscal third quarter, Campbell Soup’s adjusted gross margin contracted 390 basis points to 32.0%, reflecting a negative impact of 320 basis points due to inflation in commodities. The new tariffs will likely further accelerate inflation in raw materials, including dairy, meat, wheat, resins, and steel cans.
The Campbell Soup Company (CPB) reported better-than-expected fiscal Q3 2018 earnings (for the period ended on April 29) on May 18. Campbell Soup’s adjusted EPS (earnings per share) of $0.70 handily surpassed analysts’ expectation of $0.60 and rose 18.6% on a YoY (year-over-year) basis.
The dynamics of the entire food packaging business changed after Kellogg Company (NYSE: K) decided to exit its direct store delivery snack network to operate a warehouse model. Berenberg Capital Markets' Adam Mizrahi initiated coverage of Hostess Brands Inc (NASDAQ: TWNK) with a Buy rating and $15 price target.
BATTLE CREEK, Mich., May 21, 2018 /PRNewswire/ -- Jeff Pierce, Lead Packaging Engineer, Kellogg North America Morning Foods and Retired Master Sergeant of the U.S. Air Force and Air National Guard, shares his experience cleaning gravestones in memory of our fallen soldiers this Memorial Day. As a retired Master Sergeant of the U.S. Air Force and Air National Guard, I am honored to be a Kellogg employee and a K Vets member.
The Campbell Soup Company (CPB) stock is trading at a record low. As the company searches to find her successor, Keith McLoughlin has been named the interim CEO of Campbell Soup. Campbell Soup has been struggling to lift sales in its Americas Simple Meals and Beverages segment.
A lot of large-cap familiar names are still called “blue-chip stock” when they are nothing of the kind. If you can’t rid the term “blue-chip stock” from your lexicon, then it should at least apply to a whole new stream of companies. “Blue-chip stock” used to refer to companies that were constantly growing earnings in the high single-digits or more in terms of percentage, had a fortress balance sheet and were constantly innovating.
Prices for diesel fuel may revisit record highs within the next year or two, affecting many markets—from refiners to transportation to agriculture. “Prosperity in the global economy comes with a price, and it can really manifest itself in diesel or jet fuel prices,” says Tom Kloza, global head of energy analysis at OPIS.
Venezuelan authorities said they were reactivating a Kellogg Co plant under worker control on Wednesday, a day after the U.S. multinational food producer pulled out of the crisis-hit country. Kellogg joined ...
Venezuelan authorities said they were reactivating a Kellogg Co plant under worker control on Wednesday, a day after the U.S. multinational food producer pulled out of the crisis-hit country. Kellogg joined a host of other multinationals in exiting Venezuela and later confirmed President Nicolas Maduro's leftist government had taken over its manufacturing plant. On Wednesday, Aragua state Governor Marco Torres slammed Kellogg and guaranteed food production would continue.
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The following are the top stories in the Wall Street Journal. - Twitter Inc is turning to greater automation in its battle against abuse on its platform, saying its software will start automatically demoting response posts that it determines are likely to disrupt users' conversations. - Kellogg Co, citing the "deterioration" of a country in the midst of an economic meltdown, said Tuesday it was closing operations that employed 400 workers and produced the majority of the breakfast cereal consumed by Venezuelans.
Kellogg is pulling out of Venezuela immediately, blaming the country’s “economic and social deterioration" #tictocnews https://bloom.bg/2rMB7vw (Source: Bloomberg)
U.S.-based cereal maker Kellogg Co (K.N) on Tuesday pulled out of Venezuela due to the country's deep economic crisis, and an angry President Nicolas Maduro said its units would be taken over and given to workers. Kellogg confirmed later on Tuesday that its manufacturing plant had been seized by the leftist government, the latest company to jump ship amid Venezuela's tough business climate. "I've decided to hand the company over to the workers so that they can continue producing for the people," Maduro said at a campaign rally ahead of Sunday's presidential election.
Kellogg says Venezuela's government seized its manufacturing plant after it became the latest multinational to pull out of the oil-rich country. Fred Katayama reports.
Disney, 21st Century Fox, Kellogg and Apple are the companies to watch.