|Bid||61.50 x 1000|
|Ask||0.00 x 1100|
|Day's Range||61.51 - 62.75|
|52 Week Range||56.40 - 74.98|
|Beta (3Y Monthly)||0.43|
|PE Ratio (TTM)||12.21|
|Earnings Date||Feb 7, 2019|
|Forward Dividend & Yield||2.24 (3.45%)|
|1y Target Est||68.00|
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
BATTLE CREEK, Mich., Nov. 15, 2018 /PRNewswire/ -- Today is National Philanthropy Day, a day to reflect on how charitable contributions make a meaningful impact on individuals and families in need. Kris Bahner, Senior Vice President, Global Corporate Affairs at Kellogg Company shares how helping to feed a family in need is now easier than ever. As a mother, the idea of not being able to provide a nutritious meal for my family is unthinkable.
Where we were: Kellogg initially rose following its investor day, but the stock is still off more than 8% year to date. Where we’re headed: Analysts aren’t particularly downbeat on Kellogg, but think that improvements may be a couple of years away. Earlier this week, Kellogg rose after announcing that it will restructure its North American business, and may sell its cookies and fruit snacks division.
STOCKSTOWATCHTODAY BLOG Stocks are trying to rebound after October’s inflation reading contained no surprises and Great Britain and the EU reached a tentative agreement on Brexit. S&P 500 futures have gained 0.
Kellogg (K) will be holding a meeting to provide updates on its Deploy for Growth strategy, in terms of the related investments and actions undertaken to boost net sales.
Macy's M — The retailer reported adjusted earnings per share of 27 cents , well above the expected 14 cents a share. Tencent 700-HK — Tencent reported better-than-expected earnings for the third quarter, boosted by strong growth from its gaming and social media group. On a year-over-year basis, net profit rose 30 percent at Tencent, while revenue grew by 24 percent.
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.
Innovative Cereal Supports Digestive Wellness with Prebiotics, Probiotics, and Fiber BATTLE CREEK, Mich. , Nov. 14, 2018 /PRNewswire/ -- At a time when 92% of adult Americans rate maintaining digestive ...
U.S. stock futures are indicating a slightly higher open for Wall Street amid volatility in the oil market and as investors looked ahead to inflation data.
The 112-year-old food giant said it would put its cookies business (including Keebler, Famous Amos, Mother's and Murray brands), and its fruit snacks business on the block. It's a logical move for Kellogg, which says it will reinvest in e-commerce and healthier products as well as realign its sales staff as part of an operational restructuring.
dropped nearly 2% on Tuesday, Nov. 13, after the cereal and snacks maker said it was exploring the sale of its Keebler, Famous Amos and fruit snacks businesses. Kellogg stock was down 1.96% at $63.04 in midday trading. The blue-chip company's shares are down more than 15% since reaching a 52-week high of $74.98 on Sept. 17.
Consolidating morning foods, snacks and frozen foods into a single organization that will make up 80 percent of KNA revenue. In addition, the company said it will explore the sale of its cookie and fruit snack business after a strategic review. "We need to make strategic choices about our business and these brands have had difficulty competing for resources and investments within our portfolio," Kellogg CEO Steve Cahillane said in a statement.
BATTLE CREEK, Mich., Nov. 13, 2018 /PRNewswire/ -- Kellogg Company (NYSE:K) today is hosting a meeting for investors and analysts at the Kellogg's NYC Café in New York City. During the meeting, the Company is sharing an update on the actions and investments behind its Deploy for Growth strategy.
Here are some of the companies with shares expected to trade actively in Tuesday’s session. Check back closer to the market open for an updated list. Kellogg: The packaged-foods company may sell its fruit snacks and cookies businesses, including the well-known Keebler brand.
Kellogg Co. plans to let go of the Keebler Elves. The food maker on Monday said it is considering a sale of its cookie and fruit-snack businesses, including Keebler, Famous Amos and other brands, to focus on products with faster-growing sales. J.M. Smucker Co. earlier this year sold Pillsbury baking mixes to a private-equity firm for $375 million, including debt.
The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines Theresa May says Brexit talks 'in the endgame' https://on.ft.com/2QzrlYZ ...
Like other packaged food makers, Kellogg has struggled to boost sales as consumers shift toward healthier alternatives, while competition from Amazon.com Inc (AMZN.O) and other online retailers has resulted in intense pricing pressure. The announcement comes less than two weeks after Kellogg cut its full-year profit outlook, citing increased spending on advertising and higher distribution costs. "We need to make strategic choices about our business and these brands have had difficulty competing for resources and investments within our portfolio," Chief Executive Officer Steve Cahillane said in a statement.
Kellogg Co said on Monday it would reorganize its North American division and explore a sale of its cookies and fruit snacks units, which include brands such as Keebler and Stretch Island, as it sharpens focus on its core businesses. Like other packaged food makers, Kellogg has struggled to boost sales as consumers shift toward healthier alternatives, while competition from Amazon.com Inc and other online retailers has resulted in intense pricing pressure. The announcement comes less than two weeks after Kellogg cut its full-year profit outlook, citing increased spending on advertising and higher distribution costs.
Kellogg Co. said late Monday it's looking to sell off its cookies and fruit snacks businesses to focus more on its core products. The cookie brands include Keebler, Famous Amos, Mother's and Murray brands, while the fruit snacks brands include the Stretch Island brand, Kellogg said. In North America, the company also said it was consolidating its morning foods, snacks and frozen foods segments into one unit, and consolidating its sales teams in those areas. Kellogg shares were flat after hours, having declined 1.1% to close at $64.30 in the regular session.
Kellogg is restructuring its North American business and looking to sell its Keebler, Famous Amos and fruit snacks businesses to refocus on its core breakfast and frozen foods divisions, the company said Monday.