Tue, Aug. 2, 7:06 AM
- July monthly performance was: +2.28%
- 52-week performance vs. the S&P 500 is: +7%
- No dividends were paid in July
- Top 10 Holdings as of 6/30/2016: McCormick & Co Inc Non-Voting (MKC): 2.25805%, Cincinnati Financial Corp (CINF): 2.25221%, AT&T Inc (T): 2.2047%, C.R. Bard Inc (BCR): 2.20417%, Clorox Co (CLX): 2.19531%, Consolidated Edison Inc (ED): 2.18289%, Sysco Corp (SYY): 2.15335%, Medtronic PLC (MDT): 2.13378%, Cintas Corp (CTAS): 2.12501%, Kimberly-Clark Corp (KMB): 2.10475%
Mon, Aug. 1, 9:08 AM
Mon, Jul. 25, 9:27 AM
- Shares of Kimberly-Clark (NYSE:KMB) are down 2.7% in premarket action after guidance disappointed some investors.
- The company's volume numbers for personal care products and other key business lines were solid, but currency fluctuations lopped 4% off of the top line.
- The company sees full-year 2016 adjusted EPS of $5.95 to $6.15, unchanged from prior guidance, but with a mid-point lower that the consensus mark from analysts of $6.09.
- Previously: Kimberly-Clark beats by $0.05, beats on revenue (July 25)
- Previously: More on Kimberly-Clark's Q2 (July 25)
- KMB -2.70% premarket to $131.00.
Mon, Jul. 25, 7:58 AM
- Kimberly-Clark (NYSE:KMB) reports organic sales rose 3% in Q2 as volume grew 4%.
- North American consumer products volume increased 7%.
- Developing and emerging markets saw organic growth of 5% for the period.
- Foreign currency exchange rates negatively impacted revenue by 4%.
- Segment revenue: Personal care: $2.28B (-1.2%); Consumer Tissue: $1.49B (-0.3%); K-C Professional: $806M (-1.9%).
- Adjusted gross margin rate improved 50 bps to 36.3%.
- Segment operating profit: Personal care: $455M (-3.8%); Consumer Tissue: $275M (-5.8%); K-C Professional: $150M (+3.4%).
- Adjusted operating margin rate advanced 100 bps to 18%.
- The company expects fiscal year share repurchases of $700M to $800M.
- FY2016 Guidance: Organic sales growth: Lower end of 3% to 5%; Tax rate: lower half of 30.5% to 32.5%; Adjusted EPS: $5.95 to $6.15; Diluted EPS: $5.92 to $6.15.
- KMB +0.27% premarket.
Mon, Jul. 25, 7:32 AM
Sun, Jul. 24, 5:30 PM
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, Jul. 11, 1:57 PM
- Kimblery-Clark (KMB +0.2%) plans to halt operations in Venezuela after battling a variety of economic and F/X problems in the nation over the last year.
- "Kimberly-Clark will not continue producing, distributing or selling its product lines for institutional or mass consumption while this suspension is in effect," reads a company statement.
- The Venezuelan drag didn't prevent shares of KMB from reaching an all-time high of $138.87 earlier this year.
Mon, May 16, 8:30 AM
- Amazon's plan to sell private-label diapers is of interest to Procter & Gamble (NYSE:PG) and Kimberly-Clark (NYSE:KMB) which claim significant market share in the baby business.
- Though Amazon diaper products will only be sold to Prime subscribers in the initial phase, analysts have warned on some pricing pressure for the consumer products giants if the initiative from the Seattle e-commerce giant is rolled out at scale.
- Diapers are one of the stronger profit-generators for both P&G and Kimberly-Clark.
- Previously: Amazon to expand private-label offerings (May 16)
Wed, May 4, 5:44 PM
Mon, Apr. 25, 3:16 PM
- Deutsche Bank moves off its bullish view of Kimberly-Clark (KMB -1.3%) to set up the consumer products stock up with a Hold rating.
- The investment firm predicts that Kimberly-Clark's share gains will slow down in key emerging markets and thinks favorable commodity pricing is already baked into share price.
- Guidance from Kimberly-Clark calls for 3% to 5% organic sales growth this fiscal year.
- Share of Kimberly-Clark topped out at $138.76 before sliding late last week after earnings were revealed.
- Now read the Kimberly-Clark earnings call transcript (April 22)
Fri, Apr. 22, 9:00 AM
- Kimberly-Clark (NYSE:KMB) reports organic sales rose 2% in Q1, due to higher volumes.
- Developing and emerging markets increased 5% for the period.
- Foreign currency exchange rates negatively impacted revenue by 7%.
- Segment revenue: Personal care: $2.207B (-4.4%); Consumer Tissue: $1.496B (-5%); K-C Professional: $763M (-4%).
- Adjusted gross margin rate improved 100 bps to 36.6%.
- Segment operating profit: Personal care: $449M (-1.3%); Consumer Tissue: $280M (-3.8%); K-C Professional: $150M (+11.9%).
- Adjusted operating margin rate expanded 90 bps to 18.3%.
- FY2016 Guidance: Organic sales growth: 3% to 5%; Tax rate: 30.5% to 32.5%; Adjusted EPS: $5.95 to $6.15; Diluted EPS: $5.89 to $6.12.
- KMB -4.14% premarket.
Fri, Apr. 22, 7:34 AM
Thu, Apr. 21, 5:30 PM
Mon, Mar. 21, 3:32 PM
- Barclays raises price targets on companies involved in the cosmetics sector on a slightly more favorable view on how F/X swings will shake out this year. The investment firm also resets valuation on some of the names with consumer staples in favor.
- Estee Lauder (EL +0.1%) catches a PT of $104 vs. $94 prior.
- Procter & Gamble's (PG +0.4%) PT goes to $82 from $79.
- Barclays lifts the PT on Kimberly-Clark (KMB) to $149 from $132.