52.48 -0.16 (-0.30%)
After hours: 7:39PM EST
|Bid||52.51 x 1400|
|Ask||53.30 x 3200|
|Day's Range||52.17 - 53.54|
|52 Week Range||50.41 - 82.48|
|Beta (3Y Monthly)||0.29|
|PE Ratio (TTM)||6.04|
|Earnings Date||Feb 14, 2019 - Feb 18, 2019|
|Forward Dividend & Yield||2.50 (4.69%)|
|1y Target Est||61.68|
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.
On November 13, Tyson Foods (TSN) reported mixed fourth-quarter results for the period ending on September 29. Tyson’s top line fell short of analysts’ estimate and declined 1.4% on a YoY (year-over-year) basis, which reflected lower average pricing. However, the adjusted earnings grew and beat the consensus estimate. The company lowered its 2019 sales outlook by $1 billion due to pricing pressure. Tyson’s adjusted earnings are expected to remain lower than its adjusted earnings in 2018. Tyson shares decreased 5.4% following its fourth-quarter results and soft sales and earnings guidance.
Americans are losing their taste for chicken and eating more beef and pork as President Donald Trump's trade wars reduce U.S. pork exports to China and Mexico and leave cheaper bacon and ribs at home. An expansion in the number of U.S. hogs and cattle is contributing to the change in diets by boosting supplies of pork and beef. Restaurants are seizing on the increases to promote hamburgers instead of chicken, while grocery stores have featured pork.
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.
Prada, Starbucks and Kraft Heinz are among companies criticised for a lack of transparency on human rights in their businesses and supply chains, despite pressure from governments and an investor-backed group. Forty per cent of companies fail to show any evidence of how they identify and address human rights issues, according to the Corporate Human Rights Benchmark, a not-for-profit group based in London. The CHRB released its second annual ranking of 101 global companies today.
Shares of The Kraft Heinz Company (NASDAQ:KHC) will begin trading ex-dividend in 4 days. To qualify for the dividend check of US$0.63 per share, investors must have owned the shares Read More...
The Kraft Heinz Co. is selling its Canadian natural cheese business to Parmalat for $1.23 billion. Under the terms of the agreement, Kraft Heinz (Nasdaq:KHC) will sell its production facility located in Ingleside, Ontario, and transfer approximately 400 employees from that plant to Parmalat. Kraft Heinz will continue to own and market its other cheese products, including Philadelphia, Cheez Whiz and Kraft Singles, which are processed in Mount Royal, Quebec, where it employs approximately 900 employees.
Its global snacking business could fetch $2.5 to $3 billion in a sale. Companies including Mondelez, Kraft Heinz and nutella-owner Ferrero are eyeing the business, though the sale process is early. Campbell Soup CPB has begun the process of selling off a number of its brands, including its Arnott's cookie and crackers business, as it looks to pay down the debt left in the wake of its acquisition of Snyder's Lance earlier this year, people familiar with the matter tell CNBC.
Value, growth, dividend stocks — everything is on edge. Causing perhaps the most concern, the new Federal Reserve chairman — Jerome Powell — seems inclined to keep hiking interest rates regardless of what markets do.
Short interest is low for KHC with fewer than 5% of shares on loan. 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. Over the last month, ETFs holding KHC are favorable, with net inflows of $14.00 billion.
The deal comes a month after the new United States-Mexico-Canada Agreement (USMCA) was signed, under which Canada partially opened its protected domestic market to the United States. The cheese business being sold by Kraft, which includes brands like Cracker Barrel, P'tit Quebec and aMOOza, generated about C$560 million in net sales in 2017, Kraft and Parmalat said in statements on Tuesday.
Kraft Heinz Co has agreed to sell its Canadian natural cheese business to Parmalat SpA in a C$1.62 billion ($1.23 billion) deal that will help Kraft trim its debt and extend the North American footprint of Parmalat owner Lactalis. The deal comes a month after the new United States-Mexico-Canada Agreement (USMCA) was signed, under which Canada partially opened its protected domestic market to the United States.
As rising costs become a bigger concern, the best-performing stocks might be determined by each company’s brand loyalty and pricing power.
Moody's Investors Service ("Moody's) confirmed H-Food Holdings, LLC's (Hearthside) ratings, including its B3 Corporate Family Rating and B3-PD Probability of Default. Moody's also assigned a B2 rating to the $565 million first-lien term loan add on. Proceeds from the incremental first-lien term loan, a new unrated $250 million second-lien loan, and roughly $275 million of new cash equity from sponsors Charlesbank Capital Partners and Partners will fund the $1.1 billion acquisition of Greencore USA.
(Reuters) - Kraft Heinz Co (KHC.O) said on Tuesday it would sell its Canadian natural cheese business to Italian dairy group Parmalat SpA (PLT.MI) in a deal valued at C$1.62 billion (942.56 million pounds) ...
Tater tots maker Kraft Heinz Co said on Tuesday it would sell its Canadian natural cheese business to dairy products company Parmalat Group in a deal valued at C$1.62 billion . Kraft expects to use proceeds ...
The Kraft Heinz Company announced today that it has entered into a definitive agreement to sell its Canadian natural cheese business to Parmalat for a purchase price of $1.62 billion CAD (approximately $1.23 billion USD at current FX rates). “We’re excited about what this transaction means for our future growth and business in Canada,” said Bernardo Hees, Chief Executive Officer of Kraft Heinz. “We also believe Parmalat is uniquely positioned to advance the natural cheese business given their experience and focus on the dairy industry.
Short interest is low for KHC with fewer than 5% of shares on loan. 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 net inflows of $7.74 billion over the last one-month into ETFs that hold KHC are not among the highest of the last year and have been slowing.
Although November 6 is very important to the stock market because it’s election day in the United States, traders are also paying attention to several equities that are trending for various reasons. Without further elaboration, let’s dive in and see why the spotlight is shining on Amazon.com Inc. (NASDAQ:AMZN), The Kraft Heinz Company (NASDAQ:KHC), Ultragenyx Pharmaceutical Inc (NASDAQ:RARE), PTC […]
Benzinga has featured looks at many investor favorite stocks over the past week. The iPhone maker featured in both bullish and bearish calls after its reports. Other notable calls included a top automaker ...