|Bid||66.42 x 1400|
|Ask||69.48 x 1000|
|Day's Range||67.49 - 68.23|
|52 Week Range||56.40 - 74.98|
|Beta (3Y Monthly)||0.40|
|PE Ratio (TTM)||13.44|
|Earnings Date||Oct 31, 2018|
|Forward Dividend & Yield||2.24 (3.31%)|
|1y Target Est||73.29|
Breakfast is big business. Americans gobbled up $8.5 billion worth of ready-to-eat cereal over the past year, according to IRI, a market research firm. Just four companies - General Mills (GIS), Kellogg (K), Post Holdings (POST) and Quaker Foods, a division of PepsiCo (PEP) - collectively accounted for $7.3 billion of those sales. Although cereal sales have been stagnant of late - down 1.4% year-over-year - growing interest in cereal as a snack among younger consumers could goose demand. Market research firm Mintel found that 56% of millennials say they've eaten cereal as a snack at home, compared with just 32% of baby boomers. "While breakfast is the most common occasion for eating cereal and nearly universal across age groups, snacking on cereal may offer greater potential for reinvigorating category growth, especially among younger adults," says John Owen, an analyst with Mintel. So which cereal brands are Americans buying the most? Take a look at the list of the 19 most popular cereals in the U.S. to find out. SEE ALSO: 49 Companies Amazon Could Destroy (And 1 It Already Has)
On October 8, UBS analyst Steven Strycula upgraded Conagra Brands (CAG) stock to “buy” from “neutral.” He increased the target price to $40 per share on Conagra Brands stock from $38, which reflects an upside potential of 15.4% based on the closing price of $34.65 on October 8. Strycula thinks that the synergies from the Pinnacle Foods acquisition, the improved volume, and the company’s improved mix with less discounting could drive long-term growth. Conagra Brands announced the Pinnacle Foods acquisition on June 27 for ~$10.9 billion, which includes Pinnacle Foods’ net debt of $2.7 billion.
BATTLE CREEK, Mich., Oct. 8, 2018 /PRNewswire/ -- With 2 out of 3 U.S. girls* and many women missing key nutrients in their daily diets1, Kellogg's® Special K® will open the Shortfall Supermarket on Oct. 11, the International Day of the Girl, in partnership with the United Nations Foundation's Girl Up to highlight this nutrition gap and the role food plays in living life at full strength. "After studying key nutrient shortfalls and how they impact the everyday strength of women, we're on a mission to help them answer the call of their bodies with foods that help them feel energized, happy and strong," said Christie Crouch, Special K Director of Marketing.
Most of the analysts covering J.M. Smucker (SJM) stock maintain a neutral outlook. Among the 17 analysts providing recommendations on SJM stock, nine analysts suggest a “hold,” five analysts recommend a “hold,” and three analysts maintain a “sell” rating.
In her final conference call as CEO, PepsiCo, Inc. (NASDAQ: PEP) Indra Nooyi presented their third-quarter results, once more pointing to transportation costs that threatened to eat into profits. Within the discussion of year-to-date results, the topic of transportation costs arose once again. For the NAB division, operating profit decreased 17 percent, "reflecting certain operating cost increases, including increased transportation costs, as well as higher commodity costs which negatively impacted operating profit performance by 7 percentage points.
Wall Street analysts have long favored Kraft Heinz (KHC) stock and maintain a positive outlook on its prospects. Analysts’ optimism is based on the observation that the industry’s consolidation is expected to benefit Kraft Heinz stock. The company expects to acquire a fast-growing brand that could accelerate its sales and earnings growth rate. Kraft Heinz stock has already declined 28.5% on a year-to-date basis, and the downside looks limited at this price.
The majority of Wall Street analysts have a neutral outlook on Kellogg (K) stock despite the improving underlying business trend. Among 20 analysts providing recommendations on Kellogg stock, 11 analysts suggest a “hold,” six analysts recommend a “buy,” and three analysts maintain a “sell” rating. Analysts gave a consensus target price of $73.41 per share, which indicates an upside of 6.9% based on its October 3 closing price of $68.67.
BATTLE CREEK, Mich. , Oct. 3, 2018 /PRNewswire/ -- Kellogg Company (NYSE: K) plans to issue its 2018 third quarter financial results at approximately 8:00 am EDT on Wednesday , October 31, 2018. The following ...
While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it Read More...
As Nike has seen, choosing a controversial celebrity to front a brand could be beneficial, even if it is risky. Brands might choose to stick by celebrities throughout a scandal, depending on factors including its severity, whether it conflicts with brand values and how consumers might perceive it.
The company reported a 2.3 percent rise in North American beverage sales, the first increase in five quarters, as it introduced more non-carbonated drinks and sparkling water such as Lifewtr and Bubly, and added healthier options to its sports drink brand Gatorade. The drinks giant also boosted advertising behind its trademark colas - Pepsi, Diet Pepsi and Pepsi Zero - to claw back market share from larger rival Coca-Cola Co Inc (KO.N).
Conagra Brands (CAG) disappointed with its margin performance in the first quarter of fiscal 2019 as higher commodities, packaging, and transportation costs more than offset the benefits of its improved pricing and mix.
Big food companies say they are learning how to better integrate into their sprawling businesses the smaller brands they are relying on to drive sales growth. Hershey Co., for instance, kept the headquarters of Amplify Snack Brands in Austin, Texas, after it acquired the SkinnyPop popcorn maker last year. Now Amplify’s offices will be Hershey’s hub for a growing portfolio of smaller brands, including Pirate’s Booty cheese puffs after that acquisition is completed. Hershey Chief Executive Michele Buck said food companies have to be careful about tinkering with beloved brands to make them healthier.
An FDA letter dated July 26 linked the outbreak on Friday, saying an inspection found “serious violations” at the factory, owned by Wisconsin-based Kerry, Inc. The plant manufactured Kellogg’s Honey Smacks cereal, which in June was tied to a salmonella outbreak that sickened 135 people in 36 states. Kellogg recalled more than 11 million boxes of Honey Smacks as a result. The FDA said cereal at Kerry’s Gridley, Ill., plant was made in unsanitary conditions, and that the plant had failed to comply with rules intended to prevent foodborne illness.
Conagra Brands (CAG) reported net sales of $1.83 billion in the first quarter of fiscal 2019, a rise of 1.7% YoY (year-over-year) and short of analysts’ consensus estimate of $1.85 billion. Higher prices and a favorable mix added 1.2% to the company’s net sales growth, while its recent acquisitions of Sandwich Bros. of Wisconsin and Angie’s BOOMCHICKAPOP contributed 2.0% to its net sales growth rate.
On September 27, McCormick (MKC) reported mixed results for the fiscal third quarter. Although the company sustained its double-digit sales, its net sales fell marginally short of analysts’ expectations.
Of the 20 analysts providing recommendations on Kellogg (K) stock, 11 analysts suggest a “hold” rating, six analysts have a “buy” rating, and three analysts maintain a “sell” rating. Analysts have a target price of $73.35 per share on Kellogg stock, which indicates an upside of a mere 1.7% based on its closing price of $72.10 on September 25.
Where Is Kellogg Stock Headed? Kellogg (K) reported solid EPS growth in the first half of 2018. Plus, Kellogg, Mondelēz (MDLZ), McCormick (MKC), and Conagra Brands (CAG) are the other three companies in the packaged food space that have managed to generate a strong double-digit EPS growth rate amid challenges.
McCormick (MKC) reported mixed third-quarter results on September 27 for the period ending on August 31. The company’s sales and earnings continued to grow at an exceptional rate due to incremental sales from its Frank’s and French’s acquisitions. Strength in the company’s base business, new products, and expanded distribution also supported the top-line growth rate.
Kellogg’s (K) margins are expected to remain weak in H2 2018 despite the company annualizing the list price adjustment in the third quarter. Kellogg’s gross margins are expected to take a hit from a mix-shift towards low margin markets and categories. Meanwhile, its DSD transition is expected to remain the significant drag.
BATTLE CREEK, Mich., Sept. 26, 2018 /PRNewswire/ -- Facing new evidence from the Food and Agriculture Organization of the United Nations (UNFAO) that world hunger continues to risei, Kellogg Company, SDG2 Advocacy Hub and Food Reform for Sustainability and Health (FReSH) hosted a timely conversation on Transforming Food Systems to Drive Solutions for Achieving SDG2-Zero Hunger. The event inspired a disruptive dialogue among seven leading leading experts and up-and-coming innovators on the critical need for global, cross-sector collaboration to achieve U.N. Sustainable Development Goal #2 - Zero Hunger (SDG2) by the 2030 target.
Analysts expect Kellogg (K) to sustain sales growth momentum in the second half of 2018 and generate mid-single-digit growth. Kellogg’s underlying sales are showing sequential improvement, and analysts expect the underlying business to continue to improve on the back of innovation and expanded distribution.
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.