|Bid||145.64 x 800|
|Ask||145.77 x 2900|
|Day's Range||145.02 - 146.11|
|52 Week Range||113.57 - 150.40|
|PE Ratio (TTM)||23.31|
|Earnings Date||Oct 30, 2018 - Nov 5, 2018|
|Forward Dividend & Yield||3.84 (2.73%)|
|1y Target Est||134.07|
As of August 15, shares of Kimberly-Clark (KMB) have risen 10.5% since its second-quarter results on July 24. The primary reason for the recovery in the stock price is the anticipated increase in net selling prices. Kimberly-Clark’s management stated during the second-quarter conference call that it plans to increase pricing to offset the pressure on margins from continued inflation in commodity prices, including pulp.
A majority of analysts providing recommendations for Church & Dwight (CHD) stock have a “neutral” outlook, despite the company’s stellar financial performance in the first half of the year and its upbeat sales and earnings outlook. Church & Dwight stock was trading at a forward PE multiple of 23.8x, which is higher than most of its peers. Church & Dwight stock is also trading at a premium to the S&P 500 Index (SPY).
On August 7, International Flavors and Fragrances (IFF) announced that it received approval from Frutarom’s shareholders regarding its proposed merger. This proposed merger received a 94.6% vote favoring the merger, representing 74.7% of the Frutarom outstanding shares.
Most of the analysts continue to have a neutral outlook on the stocks of packaged goods manufacturers including Kimberly-Clark (KMB), Procter & Gamble (PG), Clorox (CLX), and Colgate-Palmolive (CL).
Clorox is one of only a few CPG companies that have managed to improve volumes as well as pricing. Other major CPG stocks like Procter & Gamble (PG), Kimberly-Clark (KMB), and Colgate-Palmolive (CL) have failed to improve pricing due to the heightened competitive environment. During the fiscal fourth quarter 2018 conference call, Clorox’s management stated that the company is increasing pricing in about 50% of its portfolio, which is expected to offset the negative impact from higher commodity costs.
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Will These H1 2018 Stragglers Bounce Back in H2? Colgate-Palmolive’s (CL) first-half performance has been disheartening. Peers are no better, which is why Kimberly-Clark (KMB), Clorox (CLX), and Procter & Gamble (PG) are also trading in the red.
International Flavors & Fragrances (IFF) reported revenue of $920 million in the second quarter, a rise of ~9.1% on a YoY (year-over-year) basis. In the second quarter of 2017, IFF reported revenue of $842.86 million.
Slow-moving consumer stocks aren't the sexiest investments, but those that can be relied on for regular dividend growth through both good times and bad can be a long-term investor's best friend. After all, bull markets and economic expansions don't last forever. "Quality dividend payers can also offer defensive, resilient businesses and current income generation to buffer against potential future (stock market) drawdowns," writes Tony DeSpirito, director of U.S. equity investments at BlackRock. Whether they make liquor, sell toothpaste or sling hamburgers, some of the nation's best-known consumer companies have proven to be dividend champions. Indeed, more than a dozen of them are members of the illustrious Dividend Aristocrats - companies in the Standard & Poor's 500-stock index that have hiked their payouts every year for at least 25 consecutive years. And let's not forget: Steady dividend hikes have benefits beyond letting income investors sleep better at night. Not only do annual raises make a dividend stock more alluring to new investors, they also reward existing investors with increasingly higher yields on shares purchased at lower prices in the past. These 15 quality consumer stocks can be counted on to deliver dividend growth year after year, and they are backed by resilient businesses to boot. SEE ALSO: 53 Best Dividend Stocks for 2018 and Beyond
Clorox said it sees fiscal year 2019 earnings in a range of $6.32 to $6.52 a share. Wall Street anticipated $6.37 a share. Amidst a see of ugly quarterly results from packaged goods players amid inflationary pressures and sluggish store sales, Clorox managed to notch sales successes in its key cat litter and disinfecting wipes businesses.
Several analysts raised their target price on Clorox (CLX) stock following the company’s fourth fiscal quarter results. Wells Fargo increased its target price to $135 per share from $123. Meanwhile, Jefferies increased its target price on Clorox to $138 per share from $124. RBC raised its target price to $134 from $130.
In this daily bar chart of CLX, below, we can see an uptrend in place from May. The bullish 50-day moving average line is slightly below the 200-day average line and we soon could see a crossover of these indicators. The daily On-Balance-Volume (OBV) line has been moving up from a late-May low, signaling more aggressive buying and accumulation. In this weekly bar chart of CLX, below, we can see that prices are now strongly above the rising 40-week moving average line.
Procter & Gamble (PG) impressed with its bottom line performance in the fiscal fourth quarter. Its improved volumes and growth in key markets were positives. The company’s premium products are gaining traction, while innovation is supporting its volume growth. However, heightened competition in the Grooming and Baby Care segments continued to hurt the company’s overall sales growth rate.
Like Benno Dorer, the CEO of Clorox, Zoetis' CEO Juan Ramón Alaix also comes on Mad Money. What shocked me when I dug down is what stood out as the biggest growers in its panoply of products: new products for companion animals. Now, the humanization of pets has been a continual theme of Mad Money for ages.
Consumer staples have been hit hard in 2018, although earnings reports are giving the sector a bump on Thursday. Is relief for consumer staples finally in sight? The Consumer Staples Select Sector SPDR ETF (XLP) is trading up on Thursday afternoon, following a trio of upbeat earnings reports from Clorox (CLX), Church & Dwight (CHD), and Kellogg (K).
Apple is now being recognized as a consumer products maker that just happens to be great at technology, says Jim Cramer.
Jim Cramer checks in with Benno Dorer, the chairman and CEO of Clorox, as the consumer products giant prepares to raise prices and continues to spend on online advertising.