Thu, Nov. 3, 8:24 AM
Thu, Oct. 27, 7:18 AM
- Colgate-Palmolive (NYSE:CL) reports global unit volume fell 4.0% in Q3.
- Organic sales were up 4.5%, including an 8.0% gain in emerging markets.
- Pricing was 3.0% higher during the quater. The impact of F/X lopped off -2.5%.
- Market share in the global toothpaste category is now at 44.0% YTD.
- "As we look ahead, macroeconomic conditions and foreign exchange volatility remain challenging," says CEO Ian Cook.
- Colgate-Palmolive sees full-year sales falling at a low to mid single digit rate and flat EPS growth.
- Previously: Colgate-Palmolive EPS in-line, misses on revenue (Oct. 27)
- CL -1.67% premarket to $70.07.
Thu, Oct. 27, 6:59 AM
Wed, Oct. 26, 5:30 PM
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Mon, Sep. 12, 7:30 AM
- Bank of America Merrill Lynch upgrades Colgate-Palmolive (NYSE:CL) to a Buy rating after having the consumer products seller rated at Neutral.
- BAML thinks Colgate-Palmolive is in a good position to return to double-digit growth.
- The investment firm sets a price target of $80. Citigroup has a Street high PT of $88 on Colgate-Palmolive.
- CL -0.49% premarket to $70.51.
Thu, Sep. 8, 4:37 PM
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
- Colgate-Palmolive (NYSE:CL) declares $0.39/share quarterly dividend, in line with previous.
- Forward yield 2.16%
- Payable Aug. 15; for shareholders of record July 22; ex-div July 20.
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