|Bid||69.96 x 800|
|Ask||0.00 x 1800|
|Day's Range||72.52 - 73.43|
|52 Week Range||56.40 - 74.98|
|PE Ratio (TTM)||14.47|
|Earnings Date||Oct 31, 2018|
|Forward Dividend & Yield||2.24 (2.99%)|
|1y Target Est||73.35|
Wall Street analysts continue to have a favorable outlook on Conagra Brands (CAG) stock. They expect its recent acquisitions, higher net pricing, improving mix, and cost and productivity savings measures to drive its sales and earnings growth rate. A lower effective tax rate is also likely to cushion its earnings.
Analysts remain upbeat and expect McCormick (MKC) to sustain its double-digit EPS growth rate in the third quarter. Analysts expect McCormick to report an adjusted EPS of $1.26 in the third quarter, which reflects 12.5% growth year-over-year.
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.
Morgan Stanley has assumed coverage on the Kraft Heinz Company (KHC) stock with an “underweight” rating and a target price of $52 per share. Analyst Dara Mohsenian of Morgan Stanley stated that the company is likely to underperform its peers with its sales and margin growth rates. Kraft Heinz’s high debt also poses challenges.
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.
Company recognized for corporate responsibility commitments, including addressing food security by feeding people in need and nurturing our planet BATTLE CREEK, Mich. , Sept. 18, 2018 /PRNewswire/ -- Kellogg ...
BATTLE CREEK, Mich., Sept. 18, 2018 /PRNewswire/ -- Kellogg Company is donating five semi-trailers of cereal, bars and crackers to help people in the Carolinas and Appalachia region impacted by Tropical Depression Florence. The storm made landfall as a hurricane and slowed to a tropical depression leaving widespread and potentially catastrophic flooding. To help feed people in need, Kellogg is providing more than 2.1 million servings of cereal, bars and crackers to Feeding America to support area food banks.
Kellogg (K) gains from the RXBAR and Pringles acquisitions as well as the consolidation of Multipro. Its savings initiatives are also on track.
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.
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.
Analysts expect General Mills (GIS) to disappoint on the earnings front in the fiscal first quarter of 2019. The analyst consensus calls for General Mills to report adjusted EPS of $0.63 in the fiscal first quarter of 2019, a YoY (year-over-year) decline of 11.3%.
On September 12, Hershey (HSY) announced that it is acquiring Pirate Brands from B&G Foods (BGS) for $420 million. The acquisition of Pirate Brands is a strategic fit for Hershey, as it is expected to strengthen its Amplify Snack Brands portfolio, which is growing at a healthy rate. Hershey’s top line is gaining significantly from its recent acquisition of Amplify Snack Brands, which added 5.9% to its net sales growth rate during the last reported quarter.
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.
Your veggie Chik'N favorites are now going vegan BATTLE CREEK, Mich. , Sept. 10, 2018 /PRNewswire/ -- America's number one veggie Chik'N brand, MorningStar Farms , is answering consumers' cravings for ...
Delaware, Maine, and Minnesota are now among the states affected by Salmonella-contaminated Honey Smacks cereal. Since June, 130 people have reported feeling ill after eating the cereal Kellogg Company (NYSE: K) officially recalled on June 14, 2018. The CDC noted that "The Kellogg Company recalled all Honey Smacks products that were on the market within the cereal's one-year shelf-life.
The newest update from the CDC concerning Kellogg’s Honey Smacks cereal warns that it is still in danger of containing salmonella. To go along with asking customers to not buy Honey Smacks cereal from stores, the CDC is also advising all retailers to stop selling it.
Let's check out the Yahoo Finance charts of the day. Caesars Entertainment (CZR): Shares are up in early trade, at around .76%. Deutsche Bank rated the casino operator stock a "buy" in new coverage and said the company has the potential to outperform its peers. Kellogg (K): Shares up here, at around .7%. The CDC says 30 more people have reported becoming ill after eating Kellogg's Honey Smacks cereal. Kellogg had announced a recall of over a million cases of the cereal in June because of potential Salmonella contamination. Anthem (ANTM): Shares up here, around 1.22%. Morgan Stanley upgraded the health insurer's stock to "overweight" from "equal-weight" and said drug pricing reform and industry consolidation position Anthem for accelerated profit growth. For more on today's big stock movers check out the Final Round, live at 3:30 p.m. ET, right here on Yahoo Finance.