|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||64.02 - 64.81|
|52 Week Range||58.36 - 84.65|
|PE Ratio (TTM)||8.51|
|Earnings Date||Aug 6, 2018|
|Forward Dividend & Yield||1.20 (1.80%)|
|1y Target Est||79.81|
Hormel Foods (HRL) has an extensive stock repurchase plan in place, in addition to paying dividends. Stock repurchases enhance its EPS by lowering its average share count. In the first half of fiscal 2018, the company repurchased $45 million in stock.
Forward PE ratios are often used to compare companies within the same sector. We can calculate a company’s forward PE ratio by dividing its stock price by analysts’ earnings estimates for the upcoming four quarters.
The following four stocks are currently in the midst of uptrends according to VantagePoint, an AI charting platform that uses intermarket analysis and artificial intelligence to predict future price action 1-3 days in advance. The blue line is a predicted moving average that forecasts a stock's moving average two days out. Ford Motor Company (NYSE: F) was on a clear downtrend starting on June 13, but that looks to have ended for now as the stock has bounced off the $11 level.
Recently, J.P. Morgan lowered its EPS estimates for J.M. Smucker (SJM) due to trade war tensions. J.P. Morgan expects Canada’s retaliatory tariffs to hurt J.M. Smucker the most among all food companies. The investment bank now estimates SJM’s EPS to be $8.29 and $8.83 in fiscal 2019 and fiscal 2020, respectively, down from earlier estimates of $8.56 and $9.15.
Finally, with the Trump presidency never short of drama, now is as good a time as any to consider reputable, quality names. With a market-cap north of $827 billion, I argue that Amazon (NASDAQ:AMZN) has no equal.
The pullback in the stocks of packaged food companies has resulted in lower valuations for these companies. The stocks of most food companies are trading well below their historical averages. Despite their valuation multiples, investors haven’t budged due to sales and margin headwinds that are likely to affect the stocks.
This could indicate that investors who seek to profit from falling equity prices are not currently targeting TSN. Over the last one-month, outflows of investor capital in ETFs holding TSN totaled $1.85 billion.
Not even Elon Musk's milestone of hitting 5,000 Model 3s produced was enough to drum up confidence. Tesla declined to comment to TheStreet on Musk's latest tweets targeted toward several media outlets. Despite the concerns, it's hard not to be upbeat on Tyson longer term.
The stocks of Kraft Heinz (KHC), Campbell Soup (CPB), Tyson Foods (TSN), and J.M. Smucker (SJM) are reeling under pressures from soft demand and higher costs related to commodities and logistics. To add to their woes, retaliatory tariffs imposed by China, Mexico, Canada, and the European Union could further dent their financials. In retaliation to President Trump’s higher tariffs on the imports of certain steel and aluminum products, Canada imposed 10% tariffs on soups, broths, and tomato ketchup and sauces, which could likely affect the financials of Campbell Soup and Kraft Heinz.
Tyson Foods (TSN) is likely to gain from solid sales stemming from rising protein demand. However, high freight and labor costs remain threats to profits.
U.S. pork producers are about to be hit by a second batch of hefty retaliatory tariffs from China and Mexico that has some large producers predicting they will lose big money. China is scheduled Friday to start collecting an additional 25 percent tariff on imported U.S. pork, which when added with the previous import taxes will mean a tax exceeding 70 percent. Industry analysts say China's high import tax essentially slams the door shut on U.S. pork imports into China, which also will start collecting 25 percent tariffs for soybeans this Friday.
Grocery chains are claiming that chickens aren't the only ones getting plucked by producers. In a recent suit filed in U.S. District Court in Northern Illinois, supermarket chains Kroger Inc. , Hy-Vee Inc.
Supervalu Inc. and other supermarket and restaurant chains alleged that chicken producers conspired to limit supplies and inflate prices, adding to antitrust lawsuits against companies including Tyson ...
Beef, which has long fulfilled America’s hunger for hamburgers, faces fresh competition from poultry producers pushing their own patties onto U.S. grills. Fueling the battle is a record supply of meat in the U.S., pressuring prices and spurring meat producers to seek out new markets. Hormel Foods Corp., one of the largest U.S. turkey suppliers, in June launched a campaign urging consumers to “make the switch” from ground beef to ground turkey.
This could indicate that investors who seek to profit from falling equity prices are not currently targeting TSN. Over the last one-month, outflows of investor capital in ETFs holding TSN totaled $806 million.
NEW YORK, June 29, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of ZIOPHARM ...
Gains were broad based as seven out of nine sectors finished the trading session in green. WallStEquities.com has initiated research reports on the following Consumer Goods stocks: BRF S.A. (NYSE: BRFS), Hormel Foods Corp. (NYSE: HRL), Tyson Foods Inc. (NYSE: TSN), and Pilgrim's Pride Corp. (NASDAQ: PPC).
Several large U.S. pork companies were hit with an antitrust lawsuit on Thursday, accusing them of conspiring to inflate pork prices in an effort to boost profit at consumers' expense. Nine defendants including Hormel Foods Corp, the JBS USA unit of Brazil's JBS SA, WH Group Ltd's Smithfield Foods Inc and Tyson Foods Inc were accused of colluding since 2009 to limit production, with the "intent and expected result" of increasing pork prices. JBS and Smithfield did not immediately respond to requests for comment.
A federal class-action lawsuit has uncovered a nationwide antitrust overpricing scheme enacted by the leading food conglomerates of the $20 billion pork industry, who forced consumers to pay high prices for bacon, ham, hotdogs and other pork products, according to the law firm bringing the case, Hagens Berman. The lawsuit filed June 28, 2018, in the U.S. District Court for the District of Minnesota states that the price-fixing scheme has been carried out by the biggest named in the industry who control approximately 80 percent of the market. Attorneys say Tyson, Hormel and other major meat companies have been bilking consumers in all states since 2009 by systematically controlling their output, in lock-step.
Stocks may have bounced on Tuesday, led by (of all companies) General Electric (NYSE:GE) on the message that it is indeed seeking to become better by splitting itself up into more focused parts. Fortunately, the stock charts of Procter & Gamble (NYSE:PG), BlackRock (NYSE:BLK) and Tyson Foods (NYSE:TSN) all look like they’re wiggling their way into trends that will take shape no matter which direction the market’s undertow is going to end up moving. This may have more to do with the fact that investors are seeking out safety and stability than it does with investors falling back in love with the company.
Nestlé's deal to buy the local plant-based startup was part of a series of acquisitions the food giant made last year, including a minority stake in Oakland-based Blue Bottle Coffee.
Investors seeking to preserve capital in a volatile environment might consider large-cap stocks such as Tyson Foods Inc (NYSE:TSN) a safer option. Big corporations are much sought after by risk-averseRead More...
Vendor sells bottled hot dog water at festival in Canada for nearly $30. Yahoo Finance's Seana Smith and Jen Rogers discuss with Benchmark CEO Kevin Kelly.