|Bid||107.20 x 1300|
|Ask||115.00 x 2200|
|Day's Range||110.27 - 111.81|
|52 Week Range||96.13 - 133.38|
|PE Ratio (TTM)||9.44|
|Earnings Date||Nov 28, 2018|
|Forward Dividend & Yield||3.40 (3.06%)|
|1y Target Est||107.54|
After a sideways range between $100-$110 during the first half of 2018, McCormick (NYSE:MKC), a Fortune 1000 company by revenue, finally broke through $110 in early July and closed at $132.29 on Friday, Sept. 14. Despite the recent impressive run-up in the stock price, I expect the uptrend to continue and there are several long strategies in McCormick stock that could lead to impressive profits.
Analysts maintained a neutral outlook on General Mills (GIS) stock before its earnings for the fiscal first quarter of 2019. Incremental sales from the Blue Buffalo acquisition, higher net price realization, cost and productivity savings, and lower taxes are expected to drive the company’s financials.
Analysts expect General Mills (GIS) to report impressive top-line growth in the fiscal first quarter of 2019, registering net sales of $4.1 billion for a YoY (year-over-year) increase of 9.3%. General Mills’ top line is projected to benefit from its recent acquisition of Blue Buffalo.
Analysts expect General Mills (GIS) to disappoint on the earnings front in the fiscal first quarter of 2019. The analyst consensus calls for General Mills to report adjusted EPS of $0.63 in the fiscal first quarter of 2019, a YoY (year-over-year) decline of 11.3%.
General Mills (GIS) is expected to announce its results for the fiscal first quarter of 2019 on Tuesday, September 18. Analysts expect the company’s top line to gain significantly from its recent acquisition of Blue Buffalo. However, continued weakness in its underlying business remains a concern. Analysts expect General Mills’ organic sales growth to remain low as benefits from higher pricing are expected to be offset by soft volumes.
On September 12, Hershey (HSY) announced that it is acquiring Pirate Brands from B&G Foods (BGS) for $420 million. The acquisition of Pirate Brands is a strategic fit for Hershey, as it is expected to strengthen its Amplify Snack Brands portfolio, which is growing at a healthy rate. Hershey’s top line is gaining significantly from its recent acquisition of Amplify Snack Brands, which added 5.9% to its net sales growth rate during the last reported quarter.
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. Index (PMI) data, output in the Consumer Goods sector is rising.
After a difficult 2018, investors may consider adding Starbucks (NASDAQ:SBUX) stock to their portfolio for the rest of the year. There are several long strategies in Starbucks stock that could lead to impressive profits. The current dividend yield in Starbucks stock is over 2.5%.
ORRVILLE, Ohio, Sept. 12, 2018 /PRNewswire/ -- The J. M. Smucker Company (SJM) published its 2018 Corporate Responsibility Report outlining the Company's long-standing commitment to responsible practices that have a meaningful impact on the environment and the lives of its stakeholders. "The tangible results shared in our 2018 Corporate Responsibility Report demonstrate that 'doing the right things and doing things right' is not only good for our business but also for the people and natural resources we interact with each day," said Julia Sabin, Vice President of Government Relations and Corporate Sustainability for The J. M. Smucker Company. Five years of progress expanding its coffee sustainability program – Company achieved its goal to source 10 percent of its total retail coffee from certified green coffee sources, positively impacted 16,500 small coffee farmers, improved 19,950 hectares of coffee farmland, and drove a 39 percent increase in coffee yield productivity from existing coffee farmland.
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. 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.
The J M Smucker Company (NYSE:SJM) has pleased shareholders over the past 10 years, paying out an average dividend of 2.0% annually. The company is currently worth US$12.46b, and nowRead More...
Campbell Soup (CPB) reported adjusted earnings of $0.25 per share in the fiscal fourth quarter, surpassing analyst expectations of $0.24. However, the company’s EPS fell ~52% on a YoY basis. Higher adjusted net interest expenses negatively impacted the bottom line by $0.13 during the reported quarter. Meanwhile, the adverse adjusted tax rate also had an unfavorable impact of $0.13 on its fourth-quarter EPS.
On August 30, Campbell Soup (CPB) reported mixed fiscal fourth-quarter results. The period ended on July 29. The company’s net sales jumped 33.4% to $2.2 billion in the fiscal fourth quarter but fell marginally short of analyst expectations. The strong top-line growth reflected a 36.0% contribution from its recent acquisitions of Snyder’s-Lance and Pacific Foods.
Campbell Soup’s (CPB) base business remains weak, which means that the company’s problems are likely here to stay, at least in the near term. The company’s organic sales are taking a hit from increased competitive pressure in soups and broths.
ORRVILLE, Ohio , Aug. 31, 2018 /PRNewswire/ -- The J. M. Smucker Company (NYSE: SJM) (the "Company") announced today the closing of the transaction to sell its U.S. baking business to Brynwood ...
The price of coffee futures has been steadily on the rise over the last few years, but analysts expect the pace of growth to slow over the next two years as the need for restocking is tempered by a surplus in Brazil, one of the biggest growers of coffee in the world. Current prices are around $.99 per pound, as of August 29, 2018, down over 17% over the last three months. Plus, recent weather patterns disrupted the coffee harvest in South America, which is expected to weigh on the Arabica harvest in Brazil, according to some experts. A recent Reuters poll of 14 traders and analysts showed that the consensus expects global coffee supplies to move to a surplus in 2018 and 2019, with Brazil expected to see a record crop.
Campbell Soup (CPB) disappointed investors with its financial performance in the first three quarters of fiscal 2018. The company’s base business remains weak, reflecting continued sluggishness in the soups and beverages business. Meanwhile, input cost headwinds and higher interest and logistics costs further remain a drag.
Campbell Soup (CPB) is expected to announce its fiscal fourth-quarter results on Thursday, August 30. Analysts expect Campbell Soup to report adjusted earnings of $0.24 per share, down about 54% on a YoY (year-over-year) basis.
Mondelēz’s (MDLZ) top line is projected to return to growth in 2018 after seeing a YoY (year-over-year) decline in the past couple of years, as you can see in the graph below. The company’s performance in the first half of the year impressed, reflecting an improvement in organic sales. Strong sales in power brands such as Oreo, Cadbury Dairy Milk, and Milka chocolate, an expansion in new markets, and innovation-led product launches drove the company’s top line in the first half of 2018.
As of August 24, Mondelēz (MDLZ) stock was trading at a forward PE multiple of 16.9x, which is ~19% lower than its four-year historical average of 20.8x. However, it’s trading slightly above the peer group average of 15.8x, which seems justified given its better financial performance in the first half of 2018.
Mondelēz (MDLZ) has impressed with its financial performance so far this year. During the last reported quarter, its organic sales improved YoY (year-over-year), and its margins expanded. Its bottom line is growing quickly, which is encouraging. Analysts expect Mondelēz to sustain its growth momentum in the second half of fiscal 2018, indicating strength in its underlying business.