|Bid||148.02 x 100|
|Ask||165.50 x 800|
|Day's Range||149.45 - 152.09|
|52 Week Range||98.34 - 154.32|
|Beta (3Y Monthly)||0.02|
|PE Ratio (TTM)||22.29|
|Earnings Date||Jan 23, 2019 - Jan 28, 2019|
|Forward Dividend & Yield||2.28 (1.50%)|
|1y Target Est||130.00|
The stock market has certainly seen its share of volatility in recent months. Sure, the broader S&P 500 (SPX) is down about 8% from Oct. 1, and it has been a pretty wild ride both up and down across the last two months or so. Equally ugly lately has been Apple Inc. (AAPL) which has shed more than 22% since Oct. 1.
The Zacks Analyst Blog Highlights: Automatic Data, V.F. Corp, Air Products, Walgreens and McCormick
With things not looking up for the stock market this December, it's prudent to invest in dividend aristocrats for their risk-adjusted returns.
Less exciting stocks like McCormick & Co (NYSE: MKC ) and Clorox co (NYSE: CLX ) are trading near their 52-week highs, and this marks a "clear change in leadership," according to Erin Gibbs , ...
McCormick (MKC) announces a hike in its quarterly dividend, taking it from 52 cents a share to 57 cents. This marks the 33rd year of dividend hike for the company.
McCormick & Co. board of directors raised the spice company's quarterly dividend to 57 cents from 52 cents, the company said late Tuesday. The dividend is payable Jan. 14 to shareholders of record Dec. 31. McCormick has paid dividends each year since 1925. Shares of McCormick were flat in the extended session after ending the regular trading day up 1.6%.
HUNT VALLEY, Md. , Nov. 27, 2018 /PRNewswire/ -- The Board of Directors of McCormick & Company, Incorporated (NYSE: MKC) today declared an increase in the quarterly dividend from $0.52 to $0.57 per share ...
Kellogg’s (K) top-line growth accelerated in 2018 thanks to the company’s recent acquisitions. During the last reported quarter, Kellogg’s RXBAR acquisition and the consolidation of Multipro contributed 8.9% to its top-line growth. However, organic sales were disappointing. Kellogg’s underlying sales remained low in the first three quarters of 2018, reflecting lower net price realization, an adverse mix, and weakness in cereals.
The tools manufacturing giant signed onto a global initiative that includes 250 other businesses and governments.
Hershey's (HSY) efforts to strengthen brand portfolio through innovation and buyouts bode well. Also, productivity improvements and cost-saving initiatives are likely to help it counter cost woes.
Most of the analysts covering J.M. Smucker (SJM) stock maintain a “neutral” outlook before the results for the second quarter of fiscal 2019. Analysts expect J.M. Smucker’s Ainsworth acquisition to drive its net sales growth rate. Weakness in underlying sales, led by lower pricing, is keeping analysts on the sidelines. J.M. Smucker’s profit margins are expected to contract despite lower green coffee costs, which reflects higher packaging and transportation costs.
J.M. Smucker (SJM) is scheduled to announce its results for the second quarter of fiscal 2019 on November 28. Analysts expect J.M. Smucker to report total revenues of $2.1 billion—up 6.7% on a YoY (year-over-year) basis. Analysts expect the company to continue to benefit from the Ainsworth acquisition.
Lamb Weston (LW) has been gaining from robust price/mix, strong LTOs and strength in global segment. Management's encouraging view for fiscal 2019 also drives optimism.
TreeHouse Foods (THS) is on track with 2020 strategic plan and Structure to Win program, which are expected to cushion cost-related headwinds.
Dean Foods (DF) is battling significant cost inflation. Fuel rates are up 25% year to date, and likely to remain high through the fourth quarter.
In comparison, the stocks of Tyson Foods (TSN), the Campbell Soup Company (CPB) and Conagra Brands (CAG) have marked double-digit falls. The company’s recent acquisitions, including Ceratti, Fontanini, and Columbus Craft Meats, are driving its top line growth. Meanwhile, strength in its branded portfolio, its focus on innovation, and its brand marketing investments have further supported its top line growth.
With a stellar return of 46.4% on a YTD (year-to-date) basis, McCormick (MKC) is the best-performing stock in the consumer staples industry. McCormick has remained unfazed by the sluggish industry trend and has outperformed its peers and the broader markets (SPY). Comparatively, most food companies, including General Mills (GIS), the Kraft Heinz Company (KHC), the Campbell Soup Company (CPB), and Conagra Brands (CAG), have marked double-digit declines in their stock prices so far this year.
Campbell (CPB) reiterates outlook as Q1 earnings and sales beat the Zacks Consensus Estimate. However, earnings plunge year over year.
Hormel Foods' (HRL) bottom line improves year over year in Q4. However, sales lag estimates due to dismal performance in Grocery Products and Jennie-O Turkey Store.
Archer Daniels' (ADM) initiatives, including portfolio management, cost savings and Readiness program to drive growth are encouraging.
Sysco (SYY) announces an 8% hike in its quarterly dividend, taking it from 36 cents a share to 39 cents. This marks the 50th hike for the company.
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.