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Follow this list to discover and track the stocks that were bought the most by activist hedge funds in the last quarter.
Starbucks invited investors its hometown of Seattle today. CEO Kevin Johnson spoke with Yahoo Finance's Julia La Roche about the coffee giant's delivery program and its decision to do a better job of rewarding its most loyal customers.
Yahoo Finance's Julia La Roche was at the Starbucks Annual Shareholder Meeting in Seattle. She spoke to CEO Kevin Johnson about their recent investments, including $100 million fund into food, retail, and tech startups.
'[We] are inspired by, and want to support the creative, entrepreneurial businesses of tomorrow,' says CEO Kevin Johnson.
When Salesforce bought Quip in 2016 for $750 million, it was fair to wonderwhat it planned to do with it
Starbucks says it plans to test both recyclable and compostable cups over the next year. Customers in New York, San Francisco, Seattle, London and Vancouver, British Colombia, will help test the cups, ...
Is There More Upside to Dunkin’ Brands Stock?(Continued from Prior Part)Analysts’ expectations For 2019, analysts expect Dunkin’ Brands (DNKN) to post revenue of $1.36 billion, which represents a rise of 3.0% from $1.32 billion in 2018. The
Starbucks CEO Kevin Johnson and his team on Wednesday detailed how the company is "boldly reimagining" its future.
Pershing Square is now up 31.9 percent this year, according to the fund’s website. Investments in ADP, Lowe’s, Starbucks and Chipotle have bolstered the hedge fund's performance in 2019. This year's solid returns follow a recent period of losses for the activist investor, including a $4 billion loss in pharmaceutical company Valeant.
Even in development-averse Marin, new hotel proposals are being stuffed into the Bay Area pipeline in an effort to meet accelerating demand.
Is There More Upside to Dunkin’ Brands Stock?(Continued from Prior Part)Analysts’ recommendationsOf the total 25 analysts that follow Dunkin’ Brands (DNKN), 24.0% have given the stock a “buy” rating, 68.0% are favoring a “hold” rating,
Is There More Upside to Dunkin’ Brands Stock?Stock performanceAs of March 19, Dunkin’ Brands (DNKN) was trading at $71.55, which represents a rise of 3.9% since the announcement of its fourth-quarter earnings on February 7. The company is
BARRONS NEXT HOT STOCKS That food and drink companies would want to get into the venture business isn’t completely surprising. Several, including (GIS) (ticker: GIS) and (K) (K), have done it for a while.
Starbucks has ramped up efforts to reduce the amount of its cups that end up in landfills. The coffee chain will trial new “greener” packaging in select U.S. cities, Vancouver, and London that will help curb waste by 2022, following months of scrutiny from environmentalists for the 7 billion cups distributed by the company each […]
The fund, Valor Siren Ventures Fund, will later seek to raise an additional $300 million, the world's largest coffee chain said on Wednesday, ahead of its annual shareholder meeting. "We are inspired by, and want to support the creative, entrepreneurial businesses of tomorrow with whom we may explore commercial relationships down the road," Starbucks Chief Executive Officer Kevin Johnson said in a statement. Starbucks is the latest U.S. food company to invest in startups.
Whenever I see a headline in the Wall Street Journal like the one from a few weeks ago that declared that consumer staples stocks had "fallen out of favor" with investors, I am reminded of Warren Buffett's famous aphorisms about investing.Buffett urges investors "to be fearful when others are greedy and to be greedy only when others are fearful."Indeed, the S&P 500 Consumer Staples Index has jumped more than 9% since the start of the year, underperforming the broader market, which gained more than 13% during that same time period. Even though many stocks in the sector are trading at or near their average 52-week price targets, there are a few names that have some gas left in their tanks.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 5 of the Best Stocks to Buy Under $10 Let's take a closer look at three of these consumer stocks, which are among the best stocks to buy in the sector now. Campbell Soup (CPB)Source: Meal Makeover Moms via Flickr (Modified)Year-to-Date Gain: 12% Forward Price-to-Earnings Ratio: 14.3 Market Capitalization: $10.98 billion Average 52-Week Price Target: $35.62The turnaround at Campbell Soup (NYSE:CPB) is for real. CPB's latest earnings report exceeded Wall Street's expectations and the food company is making progress in unwinding former CEO Denise Morrison's ill-advised expansion into the fresh food business and it is also unloading its international operations. Earlier this month, CPB sold its Garden Fresh salsa business, which it acquired for $232 million in 2015, for $60 million. A sale of Bolthouse Farms, which Campbell acquired for $1.55 billion in 2012, is also in the works. CPB will take a loss on this sale as well.Indeed, under Morrison's leadership, CPB wrote more than $1.4 billion from the value of the business it bought. Her acquisitions weren't a total bust, but they weren't bargains either.Campbell acquired Snyder's-Lance for $6 billion last year to increase its foothold in the fast-growing snack market. Snacks were a bright spot in CPB's recent better-than-expected earnings report. The company's soup business, which has been in decline for years, is also showing signs of improvement. Billionaire Activist Investor Dan Loeb is a big holder of CPB stock and controls two board seats. Church & Dwight (CHD)Source: slgckgc via Flickr (Modified)YTD Gain: 3% Forward P/E: 24.8 Market Cap: $16.2 billion Average 52-Week price target: $64.53Church & Dwight (NYSE:CHD) stock is reeling from a disappointing earnings report and lackluster guidance that ended its streak of eight straight earnings beats. The corporate parent of Arm & Hammer, though, has got plenty going for it, including an eclectic portfolio of brands including Trojan condoms, Orajel dental care and the OxiClean line of stain fighter and laundry detergents. Let's not forget its best-known product Arm & Hammer Baking Soda. According to the company, half of all refrigerators have the product, which also is used to bake cookies, purify the blood of kidney dialysis patients and treat swimming pools. According to CHD, seven of the company's 11 "power brands" maintained or gained market share in 2018. * 7 Video Game Stocks on Steep Discount CHD expects organic sales to jump 3.5% in 2019, its biggest gain since 2014. Unlike other consumer products companies, CHD doesn't have much competition from private label brands. CHD is also getting a nice bump from its e-commerce business, which made up about 8% of its sales. Furthermore, it should benefit from its expansion overseas, price increases and innovative products like The Waterpik Sonic Fusion, which enables people to brush and floss simultaneously. Clorox (CLX)Source: Mike Mozart via Flickr (Modified)YTD Gain: 4% Forward P/E: 23.2 Market Cap: $20.1 billion Average 52-Week Target: $152.27Best-known as a maker of bleach, Clorox (NYSE:CLX) is one of the least sexy companies in the Fortune 500. However, as CEO Benno Dorer noted during a recent industry conference, CLX stock has outperformed the S&P 500 over the last year, three years, five years, 10 years and 20 years. And it has been in the top quartile of its peer group. "We know how to deliver shareholder return and we know how to do it well," Dorer said. Indeed, more than 80% of its product portfolio in the U.S. and international markets are either ranked No. 1 or No. 2 in their respective spaces. Among its brands are Glad trash bags, Liquid Plummer, Burt's Bees personal care products, Pine-Sol household cleaners and Fresh Steps cat litter.CLX's latest earnings report was solid, beating Wall Street's expectations. One area of weakness was its Household business, where trash bags and food storage product sales fell because of "heightened competitive activity." Other companies, including Tupperware, are in the same situation. The company is planning to increase its marketing spending to boost Glad sales. As of this writing, Jonathan Berr did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Invincible Stocks Leading The Bull Market Higher * 5 Dow Jones Stocks Coming to Life * 7 of the Best High-Yield Funds for 2019 and Beyond Compare Brokers The post 3 Out-of-Favor Consumer Stocks to Buy appeared first on InvestorPlace.
The latest sustainable moves that brands are making include hotels recycling soap from guest rooms, or toiletries and ice cream being sold in reusable packaging.
DSW Inc.'s plan to focus on private-label merchandise through its Camuto Group acquisition comes with a risk, according to Canaccord Genuity analysts. DSW, which has changed its name to Designer Brands with a new ticker, "DBI," that will go into effect April 2, announced during its Tuesday investor day that it will focus on exclusive merchandise. "This increase in private label goods made by Camuto will over time replace the 700 labels (20% of the mix today) that do not warrant shelf space," Canaccord wrote. "While we see the potential behind this strategy, we also see risks DSW may not be accounting for, namely risk to Camuto's private label wholesale business with Dillard's and Macy's." Canaccord analysts are concerned that Dillard's Inc. and Macy's Inc. would move their business elsewhere to reduce competition. "[T]hat is just what we are seeing evidence of with Steve Madden having won a portion of the Dillard's private-label business," Canaccord said. Canaccord rates DSW shares hold with a $25 price target, down from $28. DSW stock closed Wednesday down nearly 13%, and are down 4.5% in Wednesday trading. Shares have sunk 14.5% in 2019. The S&P 500 index has gained 12.6% for the year to date.
Corp. will begin a wider rollout this summer of its new lids for cold beverages that will eliminate the need for straws as the coffee giant works to cut down on plastic waste. The coffee chain said Wednesday the new lids for cold drinks will debut in three cities on the West Coast—Los Angeles, San Francisco and Seattle—as well as Washington, D.C., Indianapolis and Toronto. The strawless lids are already available in some stores around the world for select specialty beverages.