Thu, Jul. 28, 8:14 AM
- Shares of Colgate-Palmolive (NYSE:CL) are higher after the consumer products giant edges past the consensus estimate for Q2 EPS and matches last year's mark.
- Global volume was down 3%, while pricing added three percentage points of growth. The impact of F/X lopped off 5.5 percentage points of growth.
- Organic sales improved 4.5% Y/Y.
- Colgate-Palmolive's gross margin rate rose 170 bps to 59.9% as cost savings kicked in.
- CL +0.91% premarket to $73.95.
Thu, Jul. 28, 6:57 AM
Thu, Jul. 28, 4:06 AM
- U.S. firms operating in Venezuela have escalated the use of an accounting maneuver to insulate themselves from the plunging bolivar and worsening economic crisis in the country that has erased more than $10B in profits over the past 18 months.
- Colgate-Palmolive (NYSE:CL), Procter & Gamble (NYSE:PG) and PepsiCo (NYSE:PEP) have all begun deconsolidating the financial results of their Venezuelan operations, meaning they can essentially no longer hurt or benefit a U.S. parent company.
Wed, Jul. 27, 5:30 PM
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Wed, Jul. 20, 8:48 AM
- Unilever (UL, UN) confirms it acquired Dollar Shave Club. The company didn't disclose the transaction price, but earlier reports pegged it at $1B which would make the deal the third largest buyout in the e-commerce space ever after Zulilly and Wayfair. The transaction is also an exclamation point on the disruption that Dollar Shave Club achieved in a consumer products category once considered nearly impenetrable.
- The innovative shaving club sends razors directly to members for as little as $1 per month. Dollar Shave Club is on track to top $200M in turnover this year and has 3.2M members.
- Earlier this week, news broke that Procter & Gamble (NYSE:PG) is increasing its testing of online subscriptions. It's a trend to watch for Colgate-Palmolive (NYSE:CL), Kimberly-Clark (NYSE:KMB), and Edgewell Personal Care (NYSE:EPC).
- Previously: Fortune: Unilever buys Dollar Shave Club for $1B (July 20)
Wed, Jul. 13, 11:35 AM
- It's steady as she goes again for the group of well-known consumer staples stocks that investors continue to find appealing amid global volatility and low interest rates.
- Procter & Gamble (PG +0.2%), Colgate-Palmolive (CL +0.4%), Clorox (CLX +0.6%), Kimbery-Clark (KMB +0.3%), Coca-Cola (KO +0.2%), PepsiCo (PEP +0.7%), Altria Group (MO +0.5%), Philip Morris International (PM +0.1%), Church & Dwight (CHD +0.3%), and Unilever (UN, UL) have all outperformed the S&P 500 Index this year with returns ranging from 7% to 18%. Kraft Heinz (KHC +1%), Energizer (ENR -0.6%), Hershey (HSY +0.4%), Campbell Soup (CPB +0.3%), and J.M. Smucker (SJM +0.4%) are all up at least 20% YTD.
- Goldman Sachs has an explanation on why a generous valuation is warranted for the staples favorites.
- "We raise our average Staples target multiples to 20-22X P/E, up from the 19-20X range prior, to reflect the recent decline in 10-year yield as well as some likelihood of a slower rise in yield over the next 12 months and broader market volatility," wrote the MNST)+(NYSE:STZ)+(NYSE:PF)/11822884.html" target="_blank">analyst team covering the sector in a note to investors.
- Top consumer staples picks from GS include Monster Beverage (MNST +0.4%), Constellation Brands (STZ +0.2%), Pinnacle Foods (PF +1.2%), and Post Holdings (POST +0.5%).
- Consumer staples ETFs: XLP, VDC, FXG, RHS, FSTA, PSL, PSCC.
Mon, Jun. 27, 11:16 AM
- The outperformance of low-P/E stocks that marked H1 is behind us, says RBC's Jonathan Golub, and it's time for the "Stable Growers" to re-asset leadership. He cautions about putting money to work too quickly though, noting the pullback so far has been limited.
- His list of Stable Growers (page 1, page 2): CHD, CL, CVS, K, MO, PEP, PG, PM, BCR, BDX, DGX, DVA, HSIC, JNJ, LH, MDT, SYK, TMO, UNH, ZBH, AFL, AON, MMC, TMK, CTAS, DHR, HON, ITW, LMT, MMM, NLSN, RSG, RTN, UPS, VRSK, WM, XYL, CMCSA, MCD, OMC, ADP, APH, EMC, MA, T, VZ, ECL, PX
Thu, Jun. 9, 4:37 PM
Thu, Jun. 2, 7:46 AM
- May monthly performance was: +0.76%
- 52-week performance vs. the S&P 500 is: +7%
- No dividends were paid in May
- Top 10 Holdings as of 4/30/2016: Consolidated Edison Inc (ED): 2.09%, Leggett & Platt Inc (LEG): 2.07%, S&P Global Inc (SPGI): 2.07%, Brown-Forman Corp Class B (BF.B): 2.07%, Colgate-Palmolive Co (CL): 2.06%, C.R. Bard Inc (BCR): 2.05%, Hormel Foods Corp (HRL): 2.05%, W.W. Grainger Inc (GWW): 2.05%, Clorox Co (CLX): 2.05%, McCormick & Co Inc Non-Voting (MKC): 2.05%
Mon, May 2, 11:21 AM
- Goldman Sachs upgrades Colgate-Palmolive (CL +1.8%) to a Neutral rating after having the stock lined up at Sell.
- The price target from GS goes to $75 from $62 on the view that gross margin expansion will sustain.
- Now read Colgate-Palmolive Company - Not Just Surviving, But Thriving
Thu, Apr. 28, 6:56 AM
Wed, Apr. 27, 5:30 PM
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Tue, Mar. 29, 5:51 PM
- Colgate-Palmolive (NYSE:CL) has promoted two company veterans as part of a plan to line up an eventual successor to CEO Ian Cook, Dow Jones reports.
- Justin Skala and Noel Wallace will assume co-COO roles starting on Friday, and are now considered the front runners to succeed Cook, who is expected to step down within the next five years, according to the report.
- Skala will oversee North America, Europe, Africa and global sustainability, while Walllace will be in charge of global innovation and growth and the company’s Hill’s pet food line.
- Fabian Garcia, a third potential successor to Cook, is resigning as COO to become CEO of Revlon, as he was said to believe that Cook did not plan to retire soon.
Thu, Mar. 10, 8:29 PM
- Colgate-Palmolive (NYSE:CL) says a previously-announced restructuring program will lead to the elimination 3,300 to 3,800 jobs by the end of 2017. The estimate is higher than the original forecast for global jobs cuts of 2,700 to 3,200.
- A strong U.S. dollar continues to force the multinational to adjust pricing in an effort to keep margins intact. In some markets, higher prices has cut into volume.
- Shares of Colgate-Palmolive are up 2.4% YTD, well-ahead of broad market indexes, but short of consumer staples ETF returns.
- Previously: The rally in consumer staples stocks seen extending (March 10)
Thu, Mar. 10, 4:52 PM
Thu, Mar. 10, 9:54 AM
- RBC Capital lifts its price targets on two consumer staples heavyweights.
- Coca-Cola (KO +0.6%) is assigned a fresh of $51. KO is +4.5% YTD to $44.90. Shares yield 3.11%.
- Reynolds American (RAI +1.4%) earns a PT of $57. RAI is +12.8% YTD to $52.14. Shares yield 3.22%.
- There's been some debate that the run of consumer staples stocks is poised to end, but SA contributor Daryl Montgomery argues the sector is still a safe play on a technical view.
- Earlier this week, Evercore ISI's Rick Ross also came in positive on the sector (CNBC video).
- "You probably can't do much better than owning the staples on this breakout from a multiyear trading range ... against the backdrop of a world where yields are extremely low,"said Ross
- Related stocks: PM, PG, PEP, CL, ADM, KMB, STZ, DPS, SJM, HRL, CHD, TSN, HSY, CPB, [[BF.]], BF.B.
- Related ETFs: XLP, VDC, FXG, RHS, FSTA, PSL, PSCC.
Colgate-Palmolive Co. engages in the manufacture and distribution of consumer products. It operates through the Oral, Personal and Home Care; and Pet Nutrition segments. The Oral, Personal and Home Care segment provides oral products such as toothpaste and toothbrush, mouthwashes, as well as... More
Sector: Consumer Goods
Industry: Personal Products
Country: United States