Reacting to the fall in earnings and revenue, Archer Daniels Midland’s stock fell 8.7% compared to the previous day’s closing price of $35.46 and closed at $32.36 on February 2.
The Hain Celestial Group (HAIN) reported fiscal 2Q16 net earnings of $59.2 million, up by 9% compared to net earnings in fiscal 2Q15.
BMO Capital Markets has given Hain Celestial the highest target price of $55. This target price represents a rise of ~58% over yesterday’s closing price of $34.85.
The Hain Celestial Group (HAIN) closed yesterday’s trade at $34.85. The stock is trading 22.7% below its 100-day moving average, 10.3% below its 50-day moving average, and 4% below its 20-day moving average.
The Hain Celestial Group (HAIN) reported its fiscal 2Q16 results on February 1, 2016, after the market closed. The stock fell by 6% the next day on high trading volume, closing at $34.85.
Hain Celestial’s HPPC segment reported net sales of $141.7 million, and the Rest of World segment reported net sales of $74.4 million. Both these segments showed impressive sales growth of 64% and 34%, respectively.
The Hain Celestial Group’s (HAIN) net revenue of $752.6 million for fiscal 2Q16 beat estimates slightly by 0.43%.
The Hain Celestial Group (HAIN) reported diluted EPS (earnings per share) of $0.55 in fiscal 2Q16. This was a 28% rise compared to fiscal 2Q15.
PepsiCo is getting ready to launch Kola House, its first hospitality venture, at its flagship location in New York City’s Meatpacking District. The first Kola House, which will operate as a kola bar, restaurant, lounge, and event space, is expected to open this spring.
Coca-Cola has been struggling with subdued carbonated soft drink volumes. Coca-Cola’s still beverage volume growth was higher than sparkling beverages in the first nine months of fiscal 2015.
Beverage giant Coca-Cola (KO) has expanded its presence in Africa with the acquisition of a minority stake in Chi Limited, Nigeria’s leading dairy, juice, and snacks company.
Approximately 33% of analysts rate J&J Snack Foods as a “buy,” and 67% rate it as a “hold.” None of the analysts rate it as a “sell.” The average broker target price is $108.
J&J Snack Foods (JJSF) sales for fiscal 1Q16 increased 5% to $222.8 million, from $212.8 million in the comparable quarter a year ago.
J&J Snack Foods (JJSF) reported EPS (earnings per share) of $0.67 for fiscal 1Q16. It beat analyst estimates by 3.1%. The company missed the estimates in all quarters of fiscal 2015 except 2Q15.
As of January 29, 2016, J&J Snack Foods closed at $107.98. That’s 6.8% below its 100-day moving average, 4.8% below its 50-day moving average, and 1.5% below its 20-day moving average.
J&J Snack Foods (JJSF) reported its fiscal 1Q16 results on January 25, 2016, after the market closed. The stock fell 1% even after the earnings beat estimates.
McCormick & Company (MKC) expected improvement in its gross and operating margins in fiscal 4Q15. Margins improved from fiscal 4Q14.
Wall Street analysts provided target prices for the next 12 months and ratings after McCormick reported its fiscal 4Q15 results on January 28.
The Consumer Business segment contributed 65% to the company’s total net sales in fiscal 4Q15, reporting $784.6 million in revenue.
McCormick & Company (MKC) closed at $87.97 on January 29. It is trading 5.0% above its 100-day moving average, 3.8% above its 50-day moving average, and 5.3% above its 20-day moving average.