|Bid||39.25 x 27000|
|Ask||39.68 x 1800|
|Day's range||39.24 - 39.91|
|52-week range||37.42 - 47.23|
|PE ratio (TTM)||20.60|
|Earnings date||31 Jul 2018 - 6 Aug 2018|
|Forward dividend & yield||0.88 (2.21%)|
|1y target est||48.68|
The Campbell Soup Company (CPB) stock is trading at a record low. As the company searches to find her successor, Keith McLoughlin has been named the interim CEO of Campbell Soup. Campbell Soup has been struggling to lift sales in its Americas Simple Meals and Beverages segment.
Campbell announced Denise Morrison's abrupt departure on Friday, along with dismal earnings.
Disney, 21st Century Fox, Kellogg and Apple are the companies to watch.
Bill Ackman's Pershing Square revealed in a regulatory filing it bought nearly 2 million shares of United Technologies in the first quarter.
The company, which also makes Oxo stock cubes, said growth was also fuelled by higher international sales and partnerships with noodle-maker Nissin Foods (2897.T) and candy maker Mondelez International (MDLZ.O). "As people tighten their belts, they eat out less and eat more at home, which is good for Premier," Chief Executive Gavin Darby said. Premier Foods has faced pressure from investors after it rejected a twice-improved 65 pence takeover bid from U.S. rival McCormick Foods (MKC.N) in 2016.
Campbell Soup’s (CPB) fiscal 3Q18 earnings per share (or EPS) are projected to improve on a YoY (year-over-year) basis. However, its rate of growth is expected to remain low. Analysts expect Campbell Soup to report adjusted EPS of $0.61, up 3.4% on a YoY basis.
Premier Foods (Frankfurt: A1JWNB - news) , the owner of brands including Mr Kipling cakes, on Tuesday reported a 3.6 percent rise in full-year sales and said its home market was proving resilient in the face of a tough consumer environment. The company, which also makes Oxo stock cubes, said growth was also fuelled by higher international sales and partnerships with noodle-maker Nissin Foods and candy maker Mondelez International. "As people tighten their belts, they eat out less and eat more at home, which is good for Premier (BSE: 500540.BO - news) ," Chief Executive Gavin Darby said.
Jim Strugger, MKM Holdings derivatives strategist, discusses the iShares FTSE China 25 Index Fund and his options strategy for Mondelez with Julie Hyman on "Bloomberg Markets." (Source: Bloomberg)...
LONDON/ZURICH/LOS ANGELES (Reuters) - Nestle's $7 billion (£5.1 billion) licensing deal for Starbucks' retail business gives it a much-needed boost in its battle against JAB, the privately owned investment firm stirring up the coffee industry with a string of deals. JAB, the family office of Europe's billionaire Reimann clan, has built up the world's second-largest coffee business over the past five years. JAB is unlikely to make another major move right away, analysts say, as it is still busy with a giant deal to buy soft-drink maker Dr Pepper Snapple, turning its coffee fortress into a wider drinks empire.
The Zacks Analyst Blog Highlights: Texas Instruments, Union Pacific, Mondelez, Estee Lauder and Marsh & McLennan
Kellogg’s (K) gross profit margin continued to decline in 1Q18. Its gross profit margins decreased 120 basis points to 36.3% as benefits from improved volumes and cost-saving measures were more than offset by a list price adjustment due to its DSD (direct-store delivery) transition, which had an adverse impact of 125 basis points.
Mondelez International Inc. is betting that if you pay more for a classy cookie, you’ll eat more of them. The company, which makes Oreos and Chips Ahoy -- mass-market baked goods that bear scant resemblance to the products of your mom’s oven -- has agreed to buy Tate’s Bake Shop for about $500 million. Mondelez and its competitors in the packaged-food industry have struggled to navigate changes in how consumers eat and shop.
A $7.15 billion deal with food giant Nestle will help coffee giant Starbucks return more value to shareholders.
Kellogg (K) sustained its sales momentum and reported stronger-than-expected top-line growth in 1Q18. Its top line was $3.4 billion, which exceeded analysts’ expectation and increased 4.7% on a YoY (year-over-year) basis. Incremental sales from recently acquired RXBAR and Parati drove the company’s top-line growth. Favorable currency rates further supported its sales growth rate. However, list price adjustments and a softness in cereals continued to be a drag.
Food giant Mondelez International Inc. is adding another brand to its pantry. The company late Sunday agreed to acquire cookie maker Tate’s Bake Shop for about $500 million, as it seeks to address changing consumer tastes. The Wall Street Journal earlier reported Mondelez’s plans to acquire Tate’s.
Kellogg (K) reported significantly better-than-expected 1Q18 earnings on May 3. Its adjusted EPS (earnings per share) of $1.23 handily surpassed analysts’ expectation of $1.08 and registered strong double-digit growth. On a currency-neutral basis, its adjusted EPS was $1.19, reflecting a YoY (year-over-over) growth of 11.2%.
Kraft Heinz (KHC) reported better-than-expected adjusted earnings in 1Q18. Kraft Heinz’s adjusted EPS (earnings per share) of $0.89 surpassed the Wall Street estimate of $0.82 and increased 6.0% on a YoY (year-over-year) basis. A decline in the effective rate and cost savings supported the company’s EPS in 1Q18.
Kraft Heinz (KHC) reported mixed 1Q18 results on May 2. As expected, Kraft Heinz’s organic sales marked a YoY (year-over-year) decline, reflecting lower volumes due to the persistent challenges in Planters and Ore-Ida as well as with retail inventory reductions in Canada. Plus, its net sales fell short of analysts’ expectations. The company’s 1Q18 sales included benefits from a shift in the timing of Easter to 1Q18 from 2Q18.
May.14 -- Jim Strugger, MKM Holdings derivatives strategist, discusses the iShares FTSE China 25 Index Fund and his options strategy for Mondelez with Julie Hyman on "Bloomberg Markets."
Warren Buffett and Charlie Munger answer a question at the Berkshire Hathaway annual shareholder meeting about forecasting the degree of success of specific products, like American Express and Coca-Cola.