|Bid||0.00 x 1100|
|Ask||0.00 x 1000|
|Day's Range||121.71 - 123.99|
|52 Week Range||82.51 - 139.82|
|Beta (5Y Monthly)||1.16|
|PE Ratio (TTM)||15.32|
|Earnings Date||Jul 28, 2020|
|Forward Dividend & Yield||3.60 (2.95%)|
|Ex-Dividend Date||Jun 12, 2020|
|1y Target Est||116.69|
The longest bull market in history has blown up in spectacular fashion, thanks to the coronavirus pandemic that has shut economic activity all around the world. As a result, investors have been sent scrambling to find the safest dividend stocks to buy.Stocks are reeling, interest rates are plumbing the depths and the specter of defaults and bankruptcies are on the horizon. Income investors now more than ever need to be able to trust their dividend stocks. Hefty yields do no good if a company cuts or suspends its payout. By the same token, even the slimmest yield is immensely valuable if there's little to no chance it will come under duress.In short, income investors need super safe dividend stocks right now, and we know some good ways to find them.One option is to monitor the DIVCON system from exchange-traded fund provider Reality Shares. DIVCON's methodology uses a five-tier rating to provide a snapshot of companies' dividend health, where DIVCON 5 indicates the highest probability for a dividend increase, and DIVCON 1 the highest probability for a dividend cut. And within each of these ratings is a composite score determined by cash flow, earnings, stock buybacks and other factors.These are 15 of the safest dividend stocks to buy right now. Each stock has not only achieved a DIVCON 5 score, but a composite score within the top 10% of all stocks that DIVCON evaluated. This makes them the crème de la crème of dividend safety - and more likely to keep the dividend increases coming going forward. SEE ALSO: 19 Dividend Aristocrats That Have Gone on Deep Discount
Conagra Brands, Inc. (NYSE: CAG) will host a webcast and conference call to review its fiscal 2020 fourth quarter results on Tuesday, June 30, 2020, at 9:30 a.m. ET. The company's news release will be issued at approximately 7:30 a.m. ET.
The stock has jumped 32% in the past year. While it’s edged down in 2020, one analyst thinks the company could be a long-term winner.
Gardein, a brand of Conagra Brands, Inc. (NYSE: CAG), is getting ready to celebrate National Burger Day on May 28, with a delicious new burger unlike any the brand has ever offered. Gardein's new Ultimate Plant-Based Burger looks, cooks and smells like real meat for a satisfying burger experience with no sacrifices. The new burger adds to Gardein's reputation for delivering great-tasting meat alternatives. And Gardein is enlisting a pair of celebrity burger enthusiasts to kick-off the celebration.
Corporate earnings for the current second quarter are likely some of the most unpredictable ones in recent history, thanks to the coronavirus-induced disruptions. But there are exceptions, and they might offer a good buying opportunity.
While there’s been a big jump in food sales, that also came with a 33.5% increase in private label sales, outstripping the 28% growth brands have seen, according to Stifel. Several big brands, though, are thriving.
(Bloomberg) -- Rent the Runway Inc. is close to raising new funding that would value the fashion startup below its previous $1 billion valuation, according to people familiar with the matter, the latest company to offer a discount to private investors as the pandemic ravages retailers.New York-based Rent the Runway is seeking at least $25 million in a funding round led by T. Rowe Price Group Inc., which would value the startup at about $750 million, the people said, asking not to be identified because the matter is private. The company’s plans aren’t final and may still change, the people said.A representative for Rent the Runway declined to comment on the funding round. T. Rowe Price declined to comment.It makes sense that Rent the Runway and other fashion startups would see their valuations decline right now, Sequoia Taylor, managing partner at Spry Ventures, said.“Their customer base is grappling with these new changes at a fast pace and I’d imagine outside clothing is the furthest thing from their minds,” Taylor said.In the past two months, U.S. shoppers have prioritized groceries above all else. Specialty retailers that sell apparel and accessories were projected to lose $17 billion in sales in April, a 79% drop compared to the same month last year, according to data from Forrester Research. The market for personal luxury goods could contract by 20% to 35% this year, according to a Bain & Co. report.Shoring up FundsStarted in 2009 by Jennifer Hyman and Jenny Fleiss as a way for women to rent dresses for occasions like weddings, Rent the Runway expanded to everyday wear through subscriptions that allow members to fill their wardrobes with outfits for the work week.All of the company’s brick and mortar locations are currently closed as non-essential business remain shuttered in many U.S. states, according to its website. The company said it has also made layoffs, without specifying the amount.Rent the Runway was plagued by service disruptions last year, ending up offering cash and refunds to customers who had orders canceled due to supply chain issues.Startups around the world have been trying to shore up funds and cutting jobs to survive the current economic uncertainty. A technology startup serving the logistics industry, Samsara Networks Inc., saw its valuation shrink by almost $1 billion to $5.4 billion in a new funding round. Zeus Living Inc., a corporate-housing startup backed by Airbnb Inc., raised money at roughly half the valuation it commanded five months ago.Luxury reseller Rebag also raised fresh funding earlier this month while its locations remains closed.(Updates with quote starting in fourth paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Conagra Brands Inc. said Thursday it will prepay the remaining $275 million outstanding under its senior floating-rate notes that mature on October 22, as it moves to deleverage and boost its financial flexibility. The company said it has secured a $600 million senior three-year unsecured term loan that can be drawn through Oct. 22 at a price of Libor plus 150 basis points. "While Conagra has not yet drawn on the facility, this facility provides Conagra with the liquidity to repay, along with cash on hand, the Company's debt maturities in fiscal 2021," the company said in a statement. Chicago-based Conagra, parent of food brands including Birds Eye and Slim Jim among others, is aiming to preserve its investment-grade status as it works through the pandemic. Shares were slightly higher premarket, but are down 4.4% in the year to date, while the S&P 500 has fallen 8%.
Conagra Brands, Inc. (NYSE: CAG) today announced continued progress against its deleveraging efforts and steps to further enhance its balance sheet strength and financial flexibility. Conagra will pre-pay, effective May 29, 2020, the remaining $275 million outstanding under its senior floating rate notes due October 22, 2020. Conagra has also obtained a $600 million senior three-year unsecured term loan which can be drawn, in full or in part, through October 2020 with opening pricing of LIBOR plus 150 basis points. While Conagra has not yet drawn on the facility, this facility provides Conagra with the liquidity to repay, along with cash on hand, the Company's debt maturities in fiscal 2021. Farm Credit Services of America and Farm Credit Bank of Texas served as Co-Lead Arrangers for the financing with Farm Credit Services of America serving as the Administrative Agent.
It's only natural that many investors, especially those who are new to the game, prefer to buy shares in 'sexy' stocks...
Memorial Day might look a little different this year, but whether you're celebrating in your backyard or gathering virtually, you can still have fun with your food! Healthy Choice, a brand of Conagra Brands, Inc. (NYSE: CAG), just launched a Power Dressings line featuring popular flavors including Creamy Ranch, Creamy Italian, Garden French and Greener Goddess, perfect for dressing up BBQ favorites from salads and veggies to dips and marinades.
T. Rowe Price Group (NASDAQ: TROW) got a significant boost on May 12 when it reported an increase in assets under management for the month of April. T. Rowe Price has significantly outperformed its peers this year, and the stock is up about 10% over the trailing 12 months. The April update showed that assets flowed back into T. Rowe's equity funds, which had seen $5.7 billion in net outflows in the first quarter while fixed income and money market funds had $3 billion in inflows.
Conagra Brands Inc. said Monday that it would give additional bonuses totaling $7 million to workers at 50 distribution and production facilities in the U.S., Canada and Mexico. Up to this point, the company has spent $13 million on bonuses for frontline workers. Conagra's portfolio of food brands includes Dunkin' Hines, Healthy Choice and Vlasic. Conagra has taken measures to prevent the spread of coronavirus in its operations including staggering shifts, taking employee temperatures and increased sanitation. Conagra stock has rallied 17.5% over the past year while the S&P 500 index is up 0.2% for the period.
Conagra Brands, Inc. (NYSE: CAG) today announced it will provide an additional $7 million in cash bonuses to eligible employees at each of the company's 50 production and distribution facilities across the U.S., Mexico and Canada. This additional bonus is in recognition of these team members' continued, unwavering commitment to make Conagra Brands food available to consumers during the COVID-19 pandemic. To date, the company has committed more than $13 million in special bonuses for front-line employees.
The U.S. death toll from the coronavirus that causes COVID-19 rose above 87,000 on Saturday, as new outbreaks were reported from states where stay-at-home orders are set to expire and in states that never imposed them, raising concerns that the reopening of economies will spur new infections.
Conagra Brands Inc. provided a sales update for its fiscal fourth quarter to date through May 3, with the processed and packaged foods seller saying total retail sales rose 37.2% from a year ago. The stock rose 0.1% in premarket trading, erasing an earlier loss of 2.4%. For the 10-week period ended May 3, frozen retail sales grew 29.7%, with frozen meals sales, which includes single- and multi-serve meals, increasing 27.1%. Snacks retail sales rose 20.4% and staples brands sales, which includes brands within grocery and refrigerated businesses, jumped 53.5%. The company said the sales update is in conjunction with its investor meeting scheduled Friday. The stock has gained 3.5% over the past three months through Thursday, while the S&P 500 has dropped 15.6%.
Deutsche Bank (DE:DBKGn) analyst Brian Bedell maintained a Hold rating on T. Rowe Price Group on Friday, setting a price target of $115, which is approximately 6.54% above the present share price of $107.94.
Grocery Outlet Holding Corp. could become the go-to supermarket for many bargain-hunting new customers who find food prices rising elsewhere, Cowen analysts say. Grocery Outlet (GO) is an “extreme value” supermarket chain with 350 stores across California, Pennsylvania, Washington and a few other states. Grocery Outlet stock began trading in June 2019.
T. Rowe Price's (TROW) preliminary assets under management (AUM) of $1.13 trillion for April 2020 reflect 11.9% increase from the prior month.
T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) announced today that its Board of Directors has declared a quarterly dividend of $0.90 per share payable June 30, 2020 to stockholders of record as of the close of business on June 15, 2020.
T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.13 trillion as of April 30, 2020. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $1.4 billion in April 2020 and $5.8 billion for the year-to-date period ended April 30, 2020. These client transfers include $0.5 billion and $4.8 billion, respectively, transferred to the target-date retirement trusts during April and the year-to-date period.
(Bloomberg) -- Goldman Sachs Asset Management is moving deeper into the nascent business of offering ETFs that partially conceal holdings, adding Fidelity to its roster of service partners.GSAM agreed to license Fidelity’s methodology to create actively managed, semi-transparent exchange-traded funds, the asset manager said in a statement Monday. In January, GSAM filed with the Securities and Exchange Commission for a multi-asset ETF using the so-called ActiveShares model from Precidian Investments.Both structures allow the funds to disclose their holdings once a quarter, like a mutual fund, versus than every day like typical ETFs. The so-called non-transparent ETFs are appealing for managers looking to shield their strategies from front-running or replication from rivals.American Century launched the first of these ETFs in April, and GSAM, JPMorgan Chase & Co. and T. Rowe Price Group Inc. are among the asset managers who have also filed plans. Licensing Fidelity’s methodology for such ETFs in addition to Precidian’s gives the firm flexibility as more funds begin to launch and start trading, according to GSAM’s Mike Crinieri.“This is all about having the flexibility and having multiple options for our investors,” Crinieri, global head of ETF Strategy at GSAM, said in a phone interview.Fidelity’s model uses a so-called proxy basket, which means that the issuer will publish some information about their portfolios every day. That will help market makers price the funds without revealing the entire portfolio. The methodology was approved in December, along with similar proposals from T. Rowe Price, Natixis and Blue Tractor.Meanwhile, Precidian’s structure publishes an indicative value every second to help traders make a price. The model also enlists an agency broker -- known as an authorized participant representative -- to confidentially buy and sell securities.“Our model is very simplistic — it feels like an ETF, it works like an ETF, and fits with the current ecosystem,” said Greg Friedman, Fidelity’s head of ETF management and strategy, in a phone interview. “There’s no extra participants, there’s no extra plumbing or wiring that needs to be done to add to the market.”Precidian chief executive officer Daniel McCabe declined to comment.GSAM entered the $4 trillion ETF market in 2015 with the launch of the Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF, which has grown to $7.7 billion in assets. The firm said it had 19 ETFs with over $14 billion under management as of March 31, 2020.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.