|Bid||0.00 x 800|
|Ask||0.00 x 800|
|Day's Range||103.83 - 106.35|
|52 Week Range||89.10 - 115.82|
|Beta (3Y Monthly)||0.05|
|PE Ratio (TTM)||21.52|
|Earnings Date||Oct 25, 2018|
|Forward Dividend & Yield||2.89 (2.75%)|
|1y Target Est||98.24|
HERSHEY, Pa., Oct. 17, 2018 -- The Hershey Company (NYSE: HSY) today announced that it has finalized the acquisition of Pirate Brands from B&G Foods, Inc., including the.
Analysts expect Hershey (HSY) to report strong growth in its third-quarter bottom line. Wall Street expects the company to report adjusted EPS of $1.56, up 17.3% YoY (year-over-year). A decline in the effective tax rate, share buybacks, and cost savings are expected to drive the company’s bottom-line growth.
Wall Street expects Hershey (HSY) to sustain sales growth momentum in the third quarter. Analysts expect the company to report net sales of $2.1 billion, up 3.1% on a YoY (year-over-year) basis. Incremental sales from its recent acquisition and the improving underlying trend at its International and Other business is expected to support the company’s top-line growth.
Hershey (HSY) is expected to announce its third-quarter results on October 25. Analysts expect Hershey to sustain its momentum and report healthy sales and earnings growth. However, its underlying sales and margins could remain weak.
You’re not alone, and Big Food is taking note. As consumers increasingly lean toward fruits, vegetables, grains and meats unsullied by preservatives and sweeteners, food makers including J.M. Smucker Co., General Mills Inc. and Conagra Brands Inc. are looking to reshape portfolios to shed slow- or no-growth units. In July, Smucker said it was selling its U.S. baking unit, including Pillsbury, to Brynwood Partners to focus on innovation in segments such as coffee, peanut butter and snacks, many of which can be marketed as healthful.
Jim Cramer zooms through his take on callers' favorite stocks, including the ailing industrial everybody has their eyes on.
Introducing Hershey’s Milk Chocolate Bar with Reese’s Pieces candy HERSHEY, Pa., Oct. 11, 2018 -- The Hershey Company (NYSE: HSY) today revealed one of the most epic brand.
Investors worried about rising bond yields and interest rates continue their flight to safety, moving away from tech stocks and toward consumer staples stocks and other more defensive investments. “Whenever you see rates rise in a rapid fashion, you typically see tech take a hit,” Chris Zaccarelli, CIO of Independent Advisor Alliance, said on Oct. 8. For those investors concerned about the future direction of the markets who’ve taken profits from the FANG stocks, consumer staples stocks are one area that has traditionally been a haven.
On October 8, UBS analyst Steven Strycula upgraded Conagra Brands (CAG) stock to “buy” from “neutral.” He increased the target price to $40 per share on Conagra Brands stock from $38, which reflects an upside potential of 15.4% based on the closing price of $34.65 on October 8. Strycula thinks that the synergies from the Pinnacle Foods acquisition, the improved volume, and the company’s improved mix with less discounting could drive long-term growth. Conagra Brands announced the Pinnacle Foods acquisition on June 27 for ~$10.9 billion, which includes Pinnacle Foods’ net debt of $2.7 billion.
HERSHEY, Pa., Oct. 08, 2018 -- The Hershey Company (NYSE: HSY) unveils its latest confectionery category leadership and shopper-driven merchandising solutions to more than.
Most of the analysts covering J.M. Smucker (SJM) stock maintain a neutral outlook. Among the 17 analysts providing recommendations on SJM stock, nine analysts suggest a “hold,” five analysts recommend a “hold,” and three analysts maintain a “sell” rating.
Wall Street analysts have long favored Kraft Heinz (KHC) stock and maintain a positive outlook on its prospects. Analysts’ optimism is based on the observation that the industry’s consolidation is expected to benefit Kraft Heinz stock. The company expects to acquire a fast-growing brand that could accelerate its sales and earnings growth rate. Kraft Heinz stock has already declined 28.5% on a year-to-date basis, and the downside looks limited at this price.
Wall Street analysts maintain a neutral outlook on Hershey (HSY) stock. Of the 19 analysts covering HSY stock, 12 analysts suggest a “hold,” five analysts recommend a “sell,” and two analysts have a “buy” rating. Analysts have a consensus target price of $98.12 per share on HSY stock, which indicates a downside of ~4.0% based on its closing price of $102.10 on October 3.
Wall Street analysts are maintaining a neutral outlook on the majority of food companies. Moderating demand for packaged foods, business reinvestment needs, and input and logistics cost headwinds are taking a toll on the financials of these food companies.
HERSHEY, Pa., Oct. 03, 2018 -- The Hershey Company (NYSE:HSY) announced today that it will release its third-quarter sales and earnings results on Thursday, October 25, 2018,.
What does a big snack company do when many consumers say they want to eat healthier, and upstarts are grabbing market share? To find out, The Wall Street Journal’s Annie Gasparro spoke with Michele Buck, president and chief executive officer of Hershey Co., at the Journal’s Global Food Forum conference. GASPARRO: A lot of people don’t know how much your business has diversified.
Conagra Brands (CAG) disappointed with its margin performance in the first quarter of fiscal 2019 as higher commodities, packaging, and transportation costs more than offset the benefits of its improved pricing and mix.
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. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Big food companies say they are learning how to better integrate into their sprawling businesses the smaller brands they are relying on to drive sales growth. Hershey Co., for instance, kept the headquarters of Amplify Snack Brands in Austin, Texas, after it acquired the SkinnyPop popcorn maker last year. Now Amplify’s offices will be Hershey’s hub for a growing portfolio of smaller brands, including Pirate’s Booty cheese puffs after that acquisition is completed. Hershey Chief Executive Michele Buck said food companies have to be careful about tinkering with beloved brands to make them healthier.
Conagra Brands (CAG) reported net sales of $1.83 billion in the first quarter of fiscal 2019, a rise of 1.7% YoY (year-over-year) and short of analysts’ consensus estimate of $1.85 billion. Higher prices and a favorable mix added 1.2% to the company’s net sales growth, while its recent acquisitions of Sandwich Bros. of Wisconsin and Angie’s BOOMCHICKAPOP contributed 2.0% to its net sales growth rate.
On September 27, McCormick (MKC) reported better-than-expected bottom-line results for its fiscal third quarter. McCormick’s adjusted EPS of $1.28 beat the Wall Street estimate of $1.27 and jumped 14.3% year-over-year.
On September 27, McCormick (MKC) reported mixed results for the fiscal third quarter. Although the company sustained its double-digit sales, its net sales fell marginally short of analysts’ expectations.
Delivering up-to-the minute news, analysis, interviews and explanatory journalism on logistics, supply-chain management, e-commerce and more
said at The Wall Street Journal’s Global Food Forum on Thursday that food companies have lagged retailers in embracing e-commerce. “The lines are blurring between physical stores and digital shopping,” Ms. Buck told attendees of the conference in New York. E-commerce has posed a particular threat to Hershey and other companies that generate a big chunk of sales from impulse purchases at supermarket and convenience store checkout lines.