• Mon, Jul. 24, 3:51 PM
    • Colgate-Palmolive (NYSE:CL) is down 1.86% after Morgan Stanley warns that the company faces long-term revenue pressures.
    • In particular, the firm thinks the consumer trend of moving away from larger brands will hit Colgate-Palmolive's top line.
    • Deutsche Bank was also out with comments today on the consumer products seller, noting that the poor results could increase the odds of activist investor action. DB rates Colgate-Palmolive at Neutral and assigns a price target of $75.
    Mon, Jul. 24, 3:51 PM | 1 Comment
  • Fri, Jul. 21, 7:26 AM
    • Colgate-Palmolive (NYSE:CL) reports global unit volume declined 1% in Q2.
    • Organic sales were even Y/Y.
    • North America net sales dropped 3.7% to $764M.
    • Latin America net sales rose 6.8% to 1B.
    • Gross margin rate improved 50 bps to 60.7%, driven by cost savings from the Company’s funding-the-growth initiatives and the 2012 Restructuring Program, and higher pricing
    • SG&A expenses +40 bps to 34.4% of sales.
    • Operating profit margin decreased 10 bps to 26%.
    • “As we look ahead, uncertainty in global markets and slowing category growth worldwide remain challenging. Based on current spot rates, we continue to expect a low-single-digit net sales increase for 2017, and given our slower than expected first half, we are now planning for low-single-digit organic sales growth for 2017." says CEO Ian Cook.
    • CL -2.97% premarket.
    Fri, Jul. 21, 7:26 AM | 3 Comments
  • Fri, Jul. 21, 6:57 AM
    • Colgate-Palmolive (NYSE:CL): Q2 EPS of $0.72 in-line.
    • Revenue of $3.83B (-0.5% Y/Y) misses by $70M.
    • Shares -0.42% PM.
    • Press Release
    Fri, Jul. 21, 6:57 AM
  • Thu, Jul. 20, 5:30 PM
    Thu, Jul. 20, 5:30 PM | 1 Comment
  • Mon, Jun. 12, 8:20 AM
    • A fresh note from Bernstein pitches the idea that PepsiCo (NYSE:PEP) is a better target for Kraft Heinz (NASDAQ:KHC) than Colgate-Palmolive (NYSE:CL).
    • PepsiCo is seen having the right recipe of steady revenue growth, cost-cutting opportunities and an amenable management team. A pairing of PepsiCo and Kraft could also be easier for regulators to swallow due to the minimal overlap (~1.5% of PEP sales) of their businesses.
    • Bernstein has both PepsiCo and Kraft rated at Outperform.
    • PEP +0.68% premarket to $116.73. +10.81% YTD.
    • KHC +0.03% premarket to $90.83. +4.03% YTD.
    • CL inactive premarket. +15.79% YTD.
    Mon, Jun. 12, 8:20 AM | 18 Comments
  • Thu, Jun. 8, 4:37 PM
    • Colgate-Palmolive (NYSE:CL) declares $0.40/share quarterly dividend, in line with previous.
    • Forward yield 2.11%
    • Payable Aug. 15; for shareholders of record July 18; ex-div July 14.
    Thu, Jun. 8, 4:37 PM
  • Thu, May 18, 11:05 AM
    Thu, May 18, 11:05 AM | 3 Comments
  • Wed, May 17, 12:39 PM
    Wed, May 17, 12:39 PM | 26 Comments
  • Wed, May 17, 9:47 AM
    • Colgate-Palmolive (NYSE:CL) jumps 2.92% in early trading as analysts back the idea of the company selling itself at around $100 per share.
    • Jefferies thinks a potential Colgate deal is a "once-in-a-lifetime deal" for Unilever (UN, UL).
    • United First Partners analyst Federico Mennuni thinks the increase in consolidation in the consumer products sector could incentivize Colgate to accept an offer.
    • CL traded as high as $74.29 today.
    • Previously: Colgate may be looking to sell (May 17)
    Wed, May 17, 9:47 AM | 6 Comments
  • Wed, May 17, 4:11 AM
    • Colgate-Palmolive (NYSE:CL) CEO Ian Cook recently signaled he would be open to selling the company, which has grappled with sluggish demand for its toothpaste, deodorants and food products, for $100 a share.
    • According to the NY Post, the $88B price tag surfaced at a meeting with institutional investors that took place in recent weeks.
    • Among the possible suitors: UL, PG, JNJ and 3G Capital.
    • CL +1% premarket
    Wed, May 17, 4:11 AM | 26 Comments
  • Mon, May 15, 5:42 PM
    Mon, May 15, 5:42 PM | 15 Comments
  • Mon, May 15, 8:36 AM
    Mon, May 15, 8:36 AM | 10 Comments
  • Tue, May 9, 9:04 AM
    • 3G Capital says it will only make friendly deals in the future after failing to land Unilever (UN, UL) for Kraft Heinz (NASDAQ:KHC).
    • "We don’t need to go anywhere that we are not welcome by shareholders in order to do a deal," says 3G CEO and Kraft Chairman Alex Behring.
    • The less disruptive path tipped by 3G could have implications for a wide range of companies seen trading with a M&A premium. That list includes General Mills (NYSE:GIS), Kellogg (NYSE:K), Colgate-Palmolive (NYSE:CL), Kimberly-Clark (NYSE:KMB), Mondelez International (NASDAQ:MDLZ), PepsiCo (NYSE:PEP), Anheuser-Busch InBev (NYSE:BUD), Hain Celestial (NASDAQ:HAIN), Diageo (NYSE:DEO), Campbell Soup (NYSE:CPB), and Coca-Cola (NYSE:KO) in various short-term and long-term scenarios of 3G pulling the strings on a mega-merger.
    • "We will evaluate any opportunity that makes strategic sense, always with the objective of growing for the long term whether in the US or internationally," notes Behring in a rare public update on 3G strategy.
    • Related ETF: PBJ.
    Tue, May 9, 9:04 AM | 26 Comments
  • Fri, Apr. 28, 7:21 AM
    • Colgate-Palmolive (NYSE:CL) reports organic revenue increased 0.5% in Q1.
    • Sales in North America fell 5% Y/Y. Unit volume was down 0.5% and pricing was 0.5% lower. U.S. toothpaste market share held steady at 35.6%.
    • Latin America sales were up 9% on flat unit volume. Pricing was up 7% and F/X contributed positively two full percentage points.
    • The company's gross margin rate was 60.3% of sales vs. 59.8% a year ago and 61.2% consensus. Operating margin increased 20 bps to 24.7%.
    • Looking ahead, Colgate-Palmolive sees 2017 revenue up at a low single-digit rate and flat EPS growth. Organic sales are seen running below prior guidance for a 4% to 7% gain.
    • "As we look ahead, uncertainty in global markets and slowing category growth worldwide remain challenging," says CEO Ian Cook.
    • Previously: Colgate-Palmolive beats by $0.01, misses on revenue (April 28)
    • CL -1.38% premarket to $72.29.
    Fri, Apr. 28, 7:21 AM | 10 Comments
  • Fri, Apr. 28, 7:10 AM
    • Colgate-Palmolive (NYSE:CL): Q1 EPS of $0.67 beats by $0.01.
    • Revenue of $3.76B (flat Y/Y) misses by $40M.
    • Shares -1.38% PM.
    • Press Release
    Fri, Apr. 28, 7:10 AM
  • Thu, Apr. 27, 5:30 PM
    Thu, Apr. 27, 5:30 PM | 10 Comments