Thu, Aug. 4, 8:02 AM
Wed, Aug. 3, 5:30 PM
- AAC, AAON, ACRE, ACTA, AGCO, AGIO, AKRX, ALSK, AMCX, AME, AMRN, ANIP, ANSS, APA, APLP, ARRY, AYR, BBW, BCE, BCRX, BDX, BLL, CBB, CCOI, CHD, CHK, CNNX, CNSL, COT, CPK, CRIS, CRZO, CTB, DNR, DUK, DW, ELOS, EPAM, ESNT, EVA, FMSA, GLDD, GLOG, GOGO, GTN, HAR, HGG, HII, HL, HMHC, HRC, HSC, HSIC, HSNI, ICPT, IMGN, IOC, IPCC, IRM, IT, ITCI, ITT, K, KOP, LBY, LFUS, LGND, LIOX, LPX, LQDT, LXRX, MFC, MGM, MGP, MITL, MMS, MNTA, MPEL, MPG, MPW, NAO, NERV, NGS, NOK, NSAM, NXTM, OGE, OMAM, OMF, ORBC, PBH, PCRX, PGNX, PGTI, PH, PLUG, PPP, PRFT, PRIM, PRTY, PWR, QSR, RDUS, REGN, RFP, RGEN, RLGY, ROLL, RVLT, RWLK, SBH, SEAS, SFM, SGM, SHLX, SNR, SPAR, SPH, SRE, SSTK, SSYS, STFC, STOR, STWD, TDY, TEVA, THS, TICC, TIME, TK, TNK, TOO, TSEM, TVPT, TWI, UAM, UNT, USAC, USCR, VIAB, VLP, VWR, WIN, WPC, WRK, XLRN
Wed, Aug. 3, 8:46 AM
- Susquehanna analyst Pablo Zuanic issues an earnings preview on four food stocks ahead of their reports.
- Kraft Heinz (NASDAQ:KHC): "We are taking our estimates ahead of the 2Q print as in hindsight our assumption for “only” $159M yoy EBITDA growth seems too conservative (consensus assumes +$328M yoy growth), and now expect $350M in EBITDA yoy growth. So our 2Q EPS is now 80c vs. 69c before (consensus is at 73c)."
- TreeHouse Foods (NYSE:THS): "We are 2c below consensus for 2Q16 (52c vs. 54c and guidance of 50-55c), and our full year EPS of $3.05 is below consensus of $3.07 and guidance of $3.05-$3.10. But we think the risks are more to the upside than downside, especially keeping in mind that 2Q guidance gave management a significant buffer (guidance implies 2H16 EPs being 2x 1H16)."
- Monster Beverage (NASDAQ:MNST): "Our 97c 2Q estimate is 6c below consensus, with 4c of the projected miss being top line related. According to the scanner data, Monster brands sales in the US continue to decelerate (+7% in 2Q16, 10% in 1Q16 and 4Q15, and low-teens 1Q-3Q15), and this should hurt sentiment."
- Kellogg (NYSE:K): "Although we project sales to decline at a worse pace in 2Q than 1Q, the stock may trade up as we see a 4c beat (1c on sales, 1c on EBIT margins), with sales slightly ahead of consensus, and good quality margin trends (accelerated gross margin gains, with greater reinvestment on turnaround efforts). We model 95c vs. consensus 91c."
- Zuanic has KHC and THS rated at Positive, while K and MNST are set at Neutral.
Fri, Jul. 29, 2:24 PM
Thu, Jul. 21, 12:41 PM
- Credit Suisse issues some reassuring words for Kellogg (K +0.5%) investors to hang their hats on.
- The investment firm thinks shares can go much higher even if M&A isn't in the picture. In particular, the food giant is seen improving margins in the international division.
- Kellogg is rated at Outperform by CS and assigned a price target of $94 (the Kellogg all-time high is $87.16).
Wed, Jul. 20, 10:11 AM| Wed, Jul. 20, 10:11 AM | 2 Comments
Thu, Jul. 14, 8:08 AM| Thu, Jul. 14, 8:08 AM | 1 Comment
Mon, Jul. 11, 2:12 PM
- A bill requiring food companies to label GMO ingredients was approved by the U.S. Senate by a 63 to 30 vote and now heads to the House of Representatives.
- The negotiated bill requires food companies to label genetically modified food by a phrase, symbol on the package, or a bar code that can be scanned by smartphones.
- The Department of agriculture still has two years to write the precise labeling rules if the House approves the bill.
- The passage of the bill is seen as a positive for the food sector as the alternative of having to adhere to state-by-state rules could create operational chaos for national sellers.
- Food stocks: SENEA, SENEB, THS, OTCPK:NCRA, CPB, MDLZ, GIS, OTCPK:NSRGY, FLO, CAG, DF, SJM,DF, ANFI, JJSF, WWAV, UL, OTCQX:DANOY, OTCPK:PLATF, POST, K, PEP, DMND, PF, HAIN, KO, BETR, KHC, WILC, PPC, PF, LWAY, HRL, TSN, DTEA, SAFM, BRID.
Mon, Jul. 11, 12:08 PM
- Kellogg (K -0.9%) is hoping for a "halo effect" by having key breakfast cereal products placed near the fruit and vegetable sections at some Meijer stores.
- The strategic placement is seen as a consumer pairing option - similar to the shortcakes and Nutella items that are sometimes arranged near strawberries and bananas, respectively.
Thu, Jun. 30, 12:51 PM
- Kellogg (K +5.7%), General Mills (GIS +4.9%), Nestle (OTCPK:NSRGY +1.8%)
- Previously: Hershey rises 19% on report of blockbuster buyout offer from Mondelez (June 30)
Wed, Jun. 29, 10:42 AM
- Bowls will cost $6.50 to $7.50 and combine cereals like Special K and Frosted Flakes with ingredients like pistachios and lemon zest. Ice cream dishes, juices and coffees will also be served.
- The move comes as Kellogg (K +0.9%) suffers declining cereal sales in the U.S., with people reaching for a growing array of other breakfast options.
Tue, Jun. 28, 7:07 PM
- Coca-Cola (NYSE:KO) says it expects to pull some of its beverages from Vermont stores as the state imposes a new law this week requiring all products made with genetically modified organisms to include warning labels.
- While KO says its top beverages will stay on shelves, including Coca-Cola, Diet Coke and Coke Zero, some smaller brands or configurations may disappear for now.
- Kellogg (NYSE:K), Campbell Soup (NYSE:CPB) and Mars previously said they would bow to the Vermont law and begin labeling their products for GMOs.
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
Mon, Jun. 20, 9:13 AM
- Kellogg (NYSE:K) announces it will invest in next-gen innovation through a venture capital fund called Eighteen94 Capital.
- The VC arm will invest $100M initially as it plays a role in Kellogg's 2020 growth strategy.
- "By investing directly in the most promising entrepreneurs and ventures, we can increase greatly our access to game-changing ideas and trends that could become significant sources of growth for us," said vice chairman Gary Pilnick.
- 1894 will be managed by Simon Burton, a 10-year exec at Kellogg.
Fri, Jun. 17, 3:07 PM
- Susquehanna issued a detailed report on IRI scanner data trends in the food and beverage industry.
- The investment firm noted that soda drink volume fell 2.8% Y/Y for the 12-week period ending on June 5. PepsiCo (NYSE:PEP) volume was down 5%, compared to 1.3% decline for Coca-Cola KO and 1.9% fall-off for Dr. Pepper Snapple (NYSE:DPS).
- K-cup revenue was up 8% for the 12 weeks as J.M. Smucker (NYSE:SJM). Starbucks (NASDAQ:SBUX), and Dunkin' Brands (NASDAQ:DNKN) all showed strong volume amid ongoing pricing pressure. K-cup sales decelerated for Kraft Heinz (NASDAQ:KHC) and could turn negative if pricing pressure sustains.
- In the yogurt category, scanner data over four weeks confirmed that General Mills (NYSE:GIS) is losing market share to Chobani and Danone (OTCQX:DANOY). Susquehanna tips that Chobani may be prepping for a sale.
- General Mills beat out Kellogg (NYSE:K) in the cereal category as its 12-week sales growth of +2.3% easily topped Kellogg's 2.2% decline.
- Pricing with beer is helping to make up for continued volume pressure. Across the sector, pricing was recorded as 2.5% higher for the 12 weeks of data.
- Beer volume: Anheuser-Busch InBev (NYSE:BUD) -1.8%, MillerCoors (OTCPK:SBMRY, TAP) -2.7%, Boston Beer (NYSE:SAM) -2.1%.
- Susquehann'a Pablo Zuniac put together the deep dive into the scanned data.
- Within the F&B sector, he has BUD, THS, WWAV, TAP, and KHC rated at Positive.
Tue, Jun. 14, 7:18 AM
- Kellogg (NYSE:K) is the latest company to recall products that may contain traces of peanuts in flour supplied by Grain Craft.
- The issue has also impacted PepsiCo and Hostess Brands.
- The tainted flour made its way into certain batches of Kellogg cookies and snack products.
- Full list of Kellogg recalled products