103.90 +1.71 (1.67%)
After hours: 5:15PM EDT
|Bid||100.00 x 800|
|Ask||109.52 x 900|
|Day's range||102.06 - 103.84|
|52-week range||89.10 - 115.82|
|PE ratio (TTM)||21.03|
|Earnings date||24 Oct 2018 - 29 Oct 2018|
|Forward dividend & yield||2.89 (2.79%)|
|1y target est||97.82|
The Hershey Company is launching The Heartwarming Project, an initiative dedicated to helping kids and families build meaningful social connections. Meaningful connections and friendships are essential in today’s complex world, and The Hershey Company believes the smallest heartwarming gestures - whether it’s having dinner-time conversation with family, helping someone in need, or welcoming a new neighbor to the community – make a big difference in melting the distance between people. “Building connections with those around us has never been more important for our children, and the future of our communities,” said Todd Tillemans, President, U.S., The Hershey Company.
Recently, McCormick’s (MKC) margins have been impressive. The company’s margins have expanded at a healthy rate in the past three quarters despite facing headwinds from higher distribution costs. During the last reported quarter, McCormick’s gross margin expanded by 340 basis points, while the operating margins improved by 330 basis points. Higher volumes, increased pricing, improved mix, and cost-saving measures more than offset the negatives stemming from cost inflation.
In the past four quarters, McCormick (MKC) has been impressive with its stellar top-line growth due to incremental sales from acquired brands. In the third quarter, analysts remain upbeat. Analysts expect McCormick (MKC) to sustain the sales growth momentum. On average, analysts expect McCormick to report net sales of $1.4 billion in the third quarter, which reflects 14.8% growth year-over-year.
General Mills (GIS) continues to disappoint with its soft organic sales and sluggish margins. During its most recent quarter, the company’s management stated that it had managed to improve its organic sales for the fourth consecutive quarter. The company’s gross and operating profit margins have contracted, reflecting continued inflation in input costs and higher transportation charges.
Analysts are keeping their neutral outlook on General Mills (GIS) stock after its fiscal 2019 first-quarter results. Susquehanna lowered its target price on the stock to $54 from $60. Piper Jaffray increased its target price to $47 from $45.
The Hershey Company (HSY) has impressed the market with its recent financial performance. The company’s improved pricing, incremental sales from its Amplify acquisition, lower effective tax rate, and improving outlook on the input cost front are expected to drive its top and bottom lines in the upcoming quarters. Hershey’s top line is expected to increase 3.5%–5.5% in 2018 driven primarily by its Amplify acquisition.
General Mills (GIS) reported stronger-than-expected bottom-line results for its fiscal 2019 first quarter. Its adjusted earnings of $0.71 remained flat YoY (year-over-year) but handily surpassed analysts’ estimate of $0.64.
General Mills (GIS) disappointed with its margins performance in its fiscal 2019 first quarter. Its adjusted gross and operating profit margins fell, reflecting continued inflation in input costs and higher supply-chain costs.
The Campbell Soup Company’s (CPB) worries are likely here to stay—at least for the next couple of quarters. The company’s top line is expected to gain from incremental sales from its Snyder’s-Lance acquisition. Meanwhile, Conagra Brands (CAG) announced its acquisition of Pinnacle Foods.
Shares of packaged food manufacturers have eroded a significant amount of investors’ wealth so far this year. Weak organic sales, low margins, and earnings pressures are taking a toll on the financials of these companies and, in turn, their stock prices.
The Hershey Company (HSY) today unveiled its new 53-foot, expandable Mobile Customer Insights Center (MCIC) tractor trailer during a ribbon-cutting ceremony at Hershey’s headquarters. Beginning immediately, the MCIC will take Hershey’s shopper insights and snacks category expertise directly to its retail partners across the country. To stay ahead, today’s retailers need a new playbook and that’s exactly what we’re bringing to their front door,” said Phil Stanley, Chief Sales Officer, The Hershey Company.
General Mills (GIS) reported Q1 2019 net sales of $4.1 billion, which was marginally below analysts’ estimate. But net sales increased 8.6% YoY (year-over-year). Blue Buffalo contributed ~9% to the net sales growth rate.
Analysts maintained a neutral outlook on General Mills (GIS) stock before its earnings for the fiscal first quarter of 2019. Incremental sales from the Blue Buffalo acquisition, higher net price realization, cost and productivity savings, and lower taxes are expected to drive the company’s financials.
Analysts expect General Mills (GIS) to report impressive top-line growth in the fiscal first quarter of 2019, registering net sales of $4.1 billion for a YoY (year-over-year) increase of 9.3%. General Mills’ top line is projected to benefit from its recent acquisition of Blue Buffalo.
General Mills (GIS) is expected to announce its results for the fiscal first quarter of 2019 on Tuesday, September 18. Analysts expect the company’s top line to gain significantly from its recent acquisition of Blue Buffalo. However, continued weakness in its underlying business remains a concern. Analysts expect General Mills’ organic sales growth to remain low as benefits from higher pricing are expected to be offset by soft volumes.
From small towns to urban hubs, the Hershey’s brand is on a mission to warm the hearts of Americans. On September 13, Milton Hershey’s 161st birthday, Hershey employees are taking a break from the office and taking to the streets – of their neighborhoods, communities and workplaces – with the simple act of sharing Hershey’s Milk Chocolate Bars. Inspiration came from not only Milton Hershey, who believed chocolate can bring people together, but also from others who are using Hershey’s Milk Chocolate Bars to create positive connections and bring their communities closer together.
The Hershey Company (HSY) and B&G Foods, Inc. (BGS) today announced that they have entered into a definitive agreement for Hershey to acquire Pirate Brands, including the Pirate’s Booty, Smart Puffs and Original Tings brands. “Pirate’s Booty is a leading cheese puffs brand loved by moms and kids as a better-for-you treat,” said Mary Beth West, Chief Growth Officer, The Hershey Company. “Pirate Brands is a terrific business and we believe that it will thrive under the ownership of The Hershey Company,” said Bob Cantwell, President and Chief Executive Officer, B&G Foods.
The most existential is shoppers’ embrace of healthy eating habits, but these companies also are being pummeled by insurgent niche brands, rising commodity costs, and retailers’ focus on private labels. Hershey executives also talked about finding ways to make its candy brands, which include Reese’s and Twizzlers, more than just impulse buys — to actually get them on your grocery list.
Campbell Soup (CPB) reported adjusted earnings of $0.25 per share in the fiscal fourth quarter, surpassing analyst expectations of $0.24. However, the company’s EPS fell ~52% on a YoY basis. Higher adjusted net interest expenses negatively impacted the bottom line by $0.13 during the reported quarter. Meanwhile, the adverse adjusted tax rate also had an unfavorable impact of $0.13 on its fourth-quarter EPS.
On August 30, Campbell Soup (CPB) reported mixed fiscal fourth-quarter results. The period ended on July 29. The company’s net sales jumped 33.4% to $2.2 billion in the fiscal fourth quarter but fell marginally short of analyst expectations. The strong top-line growth reflected a 36.0% contribution from its recent acquisitions of Snyder’s-Lance and Pacific Foods.