|Bid||101.15 x 800|
|Ask||0.00 x 100|
|Day's Range||112.27 - 113.97|
|52 Week Range||96.13 - 133.38|
|Beta (3Y Monthly)||0.07|
|PE Ratio (TTM)||9.56|
|Earnings Date||Nov 28, 2018|
|Forward Dividend & Yield||3.40 (2.98%)|
|1y Target Est||106.36|
McCormick (MKC) has outperformed its peers with its margin performances in the past several quarters and has managed to expand its margins at an exceptional rate despite higher freight costs.
McCormick (MKC) has impressed with its top line performance in the past four quarters, with its net sales increasing at an average rate of 22.4% in the period. Incremental sales from its acquired brands, continued strength in its core business, new products, and a mix shift toward value-added products supported the company’s top line growth.
Investors Who Overlooked the Food Sector Missed Out on McCormickMcCormick outperforms broader markets and peers
Investors have shunned slow and steady-moving packaged food stocks for fast-paced technology behemoths for most of 2018. In the first half of the year, adding portfolio holdings with eye-catching revenue growth proved a significantly more profitable venture than grappling with a downtrodden sector that has come under increased pressure from reduced established-brand loyalty from millennial customers, rising commodity costs and heightened competition from retailers' private brands. As investors bank some tech sector profits in the face of rising interest rates, slowing growth, peaking profits and a global trade war, the defensive consumer staples sector seems a likely beneficiary.
Tyson Foods (TSN) posted net sales of $10.0 billion in the fourth quarter. The company’s net sales fell short of analysts’ expectation of $10.3 billion and declined 1.4% on a YoY (year-over-year) basis. Tyson Foods’ top line also declined sequentially.
Pet foods with fancier ingredients are eating away at market share for mainstream brands. Mars said sales of its largest brand, Pedigree, are growing more slowly than sales of its premium pet foods. Spending on pet food rose 30% per U.S. household between 2006 and 2010, according to Nielsen.
Value stocks are en vogue again. As recently as the end of May, stock prognosticators were calling for the Dow Jones Industrial Average to hit 30,000. Some suggested the Dow would reach that number by the end of 2018. Growth looked in, and slow-but-steady value picks were out. That was until October's bout of nauseating volatility. Thanks to a trade war with China, higher interest rates, problematic technology earnings and worries that a decade-long bull market is primed to lose its legs, the Nasdaq hit correction mode and the Standard & Poor's 500-stock index came close. Growth stocks - especially smaller companies - have been hammered, while large-cap value stocks have gained favor among investors looking for a little protection to go with their upside potential. Here are 10 large value stocks to buy now, with the expectation that they should thrive compared to their growthy brethren in a tumultuous environment. SEE ALSO: 101 Best Dividend Stocks to Buy for 2019 and Beyond
On the 03 December 2018, The J M Smucker Company (NYSE:SJM) will be paying shareholders an upcoming dividend amount of US$0.85 per share. However, investors must have bought the company’s Read More...
Index (PMI) data, output in the Consumer Goods sector is rising. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way.
ORRVILLE, Ohio , Nov. 7, 2018 /PRNewswire/ -- The J. M. Smucker Company (NYSE: SJM) will conduct its second quarter fiscal 2019 earnings conference call and webcast on Wednesday, November 28, 2018 , at ...
GAMCO Investors (NYSE:GBL) is a publicly owned hedge fund, founded by its current CIO, Mario J. Gabelli back in 1976. It offers a variety of investment services through its many subsidiaries. Among GAMCO’s clients are high net worth individuals, foundations, and investment companies, to name a few. The fund is headquartered in Rye, New York, […]
Kraft Heinz (KHC) stock fell 7.3% in after-hours trade following the company’s third-quarter results on November 1. Kraft Heinz reported better-than-expected top-line growth. Meanwhile, improvement in organic sales was a positive surprise. However, the company missed analysts’ estimate on the bottom-line front, which didn’t sit well with investors.
Several analysts covering Kellogg (K) stock lowered their target prices following the company’s third-quarter results and reduced the EPS growth outlook. Credit Suisse reduced its target price to $70 per share from $75. Meanwhile, Morgan Stanley lowered the target price on Kellogg stock to $68 from $75. J.P. Morgan lowered the target price to $72 from $78.
Kellogg (K) reported an adjusted EPS of $1.06 during the third quarter—in line with analysts’ projections and an increase of 2.9% YoY (year-over-year). The following graph shows that Kellogg’s EPS growth marked a steep slowdown sequentially.
Kellogg’s (K) profit margins continued to slide during the third quarter despite the company annualizing the downward adjustment in the pricing following the DSD (direct store delivery). Kellogg’s gross profit margins took a hit from the mix shift towards low margin markets and categories. The DSD transition remained a drag, while Multipro’s consolidation had a negative impact.
Kellogg (K) stock fell 8.9% on October 31 following the company’s third-quarter results. Kellogg’s recent acquisitions accelerated its top-line growth and helped the company report better-than-expected net sales during the third quarter. However, the low organic sales growth rate didn’t impress investors.
On October 31, Kellogg (K) shares fell more than 7% after the company reported its third-quarter results. Kellogg’s top line was slightly ahead of analysts’ expectations. Kellogg’s margins remained challenged.
ORRVILLE, Ohio, Oct. 30, 2018 /PRNewswire/ -- The J. M. Smucker Company (SJM) has announced a transformation of its marketing model to better engage today's consumer. The introduction of the 'Power of One' model is the latest example of our ability to evolve and innovate to meet the needs of consumers," said Mark Smucker, President and Chief Executive Officer, The J. M. Smucker Company. Investing in resources to bolster content, consumer insights, and data capabilities.
Mondelēz (MDLZ) reported better-than-expected bottom-line results for the third quarter. Mondelēz’s adjusted EPS of $0.62 jumped 10.7% on a YoY basis and came in ahead of analysts’ estimate of $0.61.
Mondelēz International (MDLZ) reported lower-than-expected net sales during the third quarter. Mondelēz’s net sales of $6.3 billion fell short of analysts’ expectation and decreased 3.7% on a YoY (year-over-year) basis.
Mondelēz (MDLZ) reported mixed third-quarter results on October 29. Mondelēz’s third-quarter net sales missed analysts’ estimate and saw a YoY decline, reflecting the adverse impact from currency rates. However, its stock rose 2.7% after hours, as the company managed to improve its organic sales despite a tough YoY comparison.
Co., the owner of iconic brands like Folgers coffee and Jif peanut butter, is shifting its marketing approach in an effort to boost growth and resonate with consumers who are spending more time online. Its changes include distributing the previously centralized marketing staff to specific business units so they can work more quickly and create more relevant ads. The company also is consolidating its many agency relationships with one ad holding company.
Multiple analysts lowered their target prices on the Hershey Company (HSY) stock after the company reported its third-quarter earnings results. Susquehanna lowered its target price to $111 from $114 per share. Meanwhile, JPMorgan Chase reduced its target price on HSY by $1 to $105, and RBC reduced its target to $105 from $106.
ORRVILLE, Ohio , Oct. 26, 2018 /PRNewswire/ -- The J. M. Smucker Company (NYSE: SJM) today announced that its Board of Directors has approved a $0.85 per share dividend on the common shares of the Company. ...
The Hershey Company (HSY) reported sales of $2.08 billion in the third quarter, up 2.3% on a (year-over-year) basis but slightly below analysts’ consensus estimate of $2.09 billion. The company’s marginal miss on the sales front can be attributed to its divestiture of the Golden Monkey and Tyrrells brands, adverse currency rates, and trade spending.