|Bid||44.70 x 1000|
|Ask||0.00 x 1800|
|Day's range||44.61 - 45.03|
|52-week range||41.01 - 60.69|
|PE ratio (TTM)||12.01|
|Earnings date||18 Sep 2018 - 24 Sep 2018|
|Forward dividend & yield||1.96 (4.35%)|
|1y target est||48.28|
Topics included a revival in stagnant categories, e-commerce growth, its Blue Buffalo pet-food acquisition, and how it plans to handle rising costs in the coming year.
General Mills' (GIS) key priorities include competing efficiently, driving differential growth platforms and restructuring its portfolio.
Analysts expect Hain Celestial’s (HAIN) fiscal 2018 sales to reach $2.47 billion, representing a YoY (year-over-year) decline of 13.5%. The company’s management had lowered its fiscal 2018 sales guidance due to the divestment of the Hain Pure Protein business.
On July 6, Hain Celestial (HAIN) was trading at a 12-month forward PE (price-to-earnings) ratio of 22.9x. Following its fiscal third-quarter results,1 which were released on May 8, Hain Celestial’s valuation multiple has risen 50.8%.
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.
General Mills (GIS) impressed with its fiscal fourth-quarter results announced on June 27. The company managed to sustain organic sales growth and reported improved margins, which is a positive, especially given the significant cost pressure from the inflation of raw material and logistics costs.
General Mills (GIS) has been suffering input cost inflation and weak U.S. Retail sales, mainly due to softness in Yogurt category. However, 4 key global plans and cost-saving efforts should offer respite.
Looking at the YTD (year-to-date) sector performance, the consumer discretionary sector has performed better than the consumer staples and the S&P 500 Index. The S&P 500 Consumer Discretionary Index (12.9%) has outperformed the S&P 500 Index (3%) and the S&P 500 Consumer Staples Index (-9.7%) YTD. On June 28, Walgreens Boots Alliance (WBA) announced a 10% increase in its quarterly dividend to $0.44 per share.
Jeff Harmening, General Mills chief executive officer, discusses how the company is keeping up with the dynamic food industry. He speaks with Bloomberg's Erik Schatzker on "What'd You Miss?" ...
Conagra Brands (CAG) expanded its margins in the fiscal fourth quarter,1 which it announced on June 27. This positive trend occurred despite the significant margin headwinds that food manufacturers are facing from inflation in their commodities and transportation costs.
General Mills (GIS) reported better-than-expected fiscal fourth quarter bottom-line results. The company’s adjusted EPS of $0.79 increased 8.2% YoY (year-over-year) and handily exceeded analysts’ estimate of $0.72. Improved sales, margin expansion, and lower taxes supported General Mills’ earnings growth. However, cost headwinds and increased interest expenses remained a drag.
General Mills (GIS) impressed with its margins performance in the fiscal fourth quarter. The company’s adjusted profit margins improved despite significant headwinds from higher input and logistics costs. Peers including Conagra Brands (CAG), J.M. Smucker (SJM), and Kellogg (K) also managed to expand margins during the last reported quarter, reflecting higher cost and productivity savings. The graph shows that General Mills’ margins expanded both sequentially and on a YoY (year-over-year) basis.
Sales in General Mills’ (GIS) North America retail segment, its largest business division, remained flat at $2.4 billion in the fiscal fourth quarter as benefits from increased sales in the US snacks and cereal segment were offset by a continued decline in yogurt and meals and baking products. Organic sales decreased 1% as lower volumes offset improved pricing and mix. Meanwhile, net sales in Canada fell 5% on a currency-neutral basis.
General Mills (GIS) reported its fiscal fourth quarter results on June 27. The company impressed with its good all-around performance, but lower volumes are a concern. General Mills reported net sales of $3.9 billion, which fell marginally short of analysts’ estimate but increased 2.2% YoY (year-over-year).
A win from General Mills (GIS) wasn't enough to buoy consumer-staples stocks–or even its own stock–today, as the sector trades lower on Conagra's (CAG) plan to buy Pinnacle Foods (PF) in a $10.9 billion cash-and-stock deal. The deal isn't much of a surprise, as we got word last week that Conagra, which owns the Banquet and Chef Boyardee brands, and Pinnacle, which owns brands including Celeste, Birds Eye, Duncan Hines and Mrs. Butterworth's, were mulling a merger. General Mills was initially higher after reporting fourth-quarter earnings.
The day kicked off with packaged-food companies Conagra Brands Inc. and Pinnacle Foods Inc. agreeing to a long-speculated merger: an $11 billion wager that the resurgent popularity of convenient frozen meals and demand for plant-based, gluten-free items are here to stay. Shortly after that announcement, cereal giant General Mills Inc. reported results for its fiscal fourth quarter, closing the books on a year during which the $27 billion company got a new CEO and made a pricey acquisition of a pet-food business, part of an effort to move further away from the shrinking cereal market. Both General Mills and Pinnacle Foods are responding to a rapidly changing industry, as consumers seek out fresher, less processed items—for themselves and their pets—as well as quick meals that fit their busy lifestyles.
•...and zero in on an upgrade to General Electric (GE). An overnight selloff has reversed itself after President Donald Trump's attack on China's tech proved less onerous than feared. S&P 500 futures, Dow Jones Industrial Average futures, and Nasdaq Composite futures are all little changed at 8:50 a.m. this morning.