|Bid||105.65 x 800|
|Ask||105.68 x 900|
|Day's Range||105.21 - 106.13|
|52 Week Range||90.25 - 111.46|
|PE Ratio (TTM)||17.03|
|Forward Dividend & Yield||2.08 (1.95%)|
|1y Target Est||N/A|
Yahoo Finance's Alexis Christoforous and Jared Blikre break down the latest market action after Campbell Soup reported third quarter earnings that beat Wall Street expectations.
For conservative investors, consumer staples have often been a great go-to sector for defense and a hefty dose of dividends. Because of this steady nature, consumer staples typically offer low, but predictable growth, cash flows and large dividend yields. One changing consumer tastes have hurt some classic providers of foods/products.
McCormick & Co., known mostly for spices and seasonings, is trying to sell more of the newest big products in its portfolio: French’s mustard and Frank’s RedHot. McCormick acquired those brands -- the top-selling mustard and hot sauce in the U.S. -- last year in its biggest acquisition, a $4.2 billion deal that put it on a collision course with Kraft Heinz Co. The industry giant, backed by Warren Buffett, has rapidly expanded its mustard business over the past few years and launched a new line of barbecue sauces to complement its market-leading Heinz ketchup. With both companies trying to take a bigger piece of summer barbecue spending, it’s shaping up as a high-stakes brawl for control of a roughly $4 billion industry, according to Gary Stibel, chief executive officer of New England Consulting Group, which advises food companies.
Most of the larger food stocks find themselves in a secular decline. Packaged foods from the likes of Kellogg Company (NYSE:K), General Mills, Inc. (NYSE:GIS) and Kraft Heinz Co (NYSE:KHC) have become less popular. As a result, these companies have experienced secular revenue declines despite growing populations.
Hogan delivered his fourth "State of Business" address to more than 700 business leaders at an annual luncheon hosted by Maryland Business for Responsive Government.
By Jason Lange and Ingrid Melander WASHINGTON/PARIS (Reuters) - Canada and Mexico retaliated against the United State's decision on Thursday to impose tariffs on steel and aluminium imports and the European ...
It’s a great time to go shopping for undervalued dividend stocks. Heading into June, there are plenty of undervalued dividend stocks out there. Be it in packaged foods companies, REITs, the energy sector or various other industries, plenty of great income companies are on sale.
The Department of Commerce spent $50,000 on the Preakness, consistent with previous years.
The company, which also makes Oxo stock cubes, said growth was also fuelled by higher international sales and partnerships with noodle-maker Nissin Foods (2897.T) and candy maker Mondelez International (MDLZ.O). "As people tighten their belts, they eat out less and eat more at home, which is good for Premier," Chief Executive Gavin Darby said. Premier Foods has faced pressure from investors after it rejected a twice-improved 65 pence takeover bid from U.S. rival McCormick Foods (MKC.N) in 2016.
McCormick's (MKC) continues to benefit from strategic buyouts and savings efforts. Further, lower taxes led management to boost earnings view.
Kevin Kamenetz, who died suddenly from cardiac arrest following a heart attack early Thursday morning, played an integral role as county executive in helping keep McCormick & Co. Inc.'s headquarters in Baltimore County.
Productivity, cost-saving plans and innovations will continue to exhibit strength for the food stocks amid a challenging space. However, higher input costs pose risks.
MKC reported earnings 30 days ago. What's next for the company? We take a look at earnings estimates for some clues.
McCormick has been generating stellar earnings growth over the past two quarters. The company’s bottom line grew 31.6% YoY (year-over-year) in fiscal 1Q18, while it increased 21.3% in fiscal 4Q17. McCormick’s strong sales and impressive margins have continued to drive its earnings higher. However, higher interest, commodity, and transportation costs remain a drag.
McCormick (MKC) has seen double-digit sales and earnings growth over the past couple of quarters, and analysts expect the company’s top and bottom lines to mark double-digit growth in fiscal 2018.
McCormick (MKC) continues to gain from efficient buyouts and cost-saving initiatives. However, escalating raw material expenses are a concern.
Hormel Foods (HRL) is a dividend aristocrat. A dividend aristocrat is a company that has increased its dividend payout for 25 years or more. Hormel Foods has been paying an increased dividend for the last 52 years and has paid dividends since 1928.
Lawrence Kurzius says the hot sauce brand — popular with millennials — was one of the main reasons for its $4.2 billion acquisition of RB Foods.
J.M. Smucker (SJM) has announced the acquisition of Ainsworth Pet Nutrition, one of the leading pet food and snack manufacturers and distributors in the United States, for $1.9 billion. The move comes at a time when packaged food manufacturers are eyeing fast-growing brands and avenues to accelerate sales growth since demand for their traditional brands remains low. The above graph shows that J.M. Smucker’s pet portfolio is likely to expand with Ainsworth, which is a big positive as the pet foods market continues to grow at a healthy rate.