On May 5, 2017, Monster Beverage (MNST) was trading at a 12-month forward PE (price-to-earnings multiple) of 31.1x, up 3.7% in reaction to its 1Q17 results.
Monster Beverage’s adjusted earnings per share rose 18.5% to $0.32 in 1Q17. The company’s strong double-digit earnings growth helped it to fall in line with analysts’ consensus estimate.
Leading energy drink maker Monster Beverage’s (MNST) net sales rose 9.1% on a year-over-year basis to $742.1 million in 1Q17.
Monster Beverage stock rose 3.3% on May 5, 2017, in reaction to the release of its 1Q17 results on May 4. The stock continued its upward momentum on May 8.
The majority of analysts covering Kellogg (K) remain neutral on the stock, given the industry-wide slowdown.
Similar to many of its peers, Kellogg (K) is focusing on lowering costs and generating productivity savings to boost profitability amid a slow growth environment.
Kellogg’s (K) international business’s comparable sales (excluding acquisitions and Venezuela operations impact) fell in Europe and Latin America.
Kellogg (K) continues to struggle in North America like most of its peers as a result of weak consumption trends.
Kellogg’s (K) 1Q17 sales of $3.3 billion missed the Wall Street consensus estimate and fell 4.1% YoY (year-over-year).
Kellogg’s (K) adjusted EPS (earnings per share) of $1.06 came in ahead of Wall Street analysts’ consensus estimate of $0.99.
The majority of analysts covering Kraft Heinz (KHC) remain positive on the stock. However, analysts’ consensus outlook could change in the days to come.
The majority of packaged food manufacturers continue to struggle in the domestic market owing to a fall in consumption. Kraft Heinz’s (KHC) net sales fell 3.5% in the United States.
All of Kraft Heinz’s (KHC) business segments reported sharp falls in their adjusted EBITDAs (earnings before interest, tax, depreciation, and amortization) in 1Q17.
Kraft Heinz’s (KHC) sales of $6.4 billion missed analysts’ consensus estimate of $6.5 billion and fell 3.1% YoY (year-over-year), reflecting weak volumes.
Kraft Heinz (KHC), which reported its 1Q17 results on May 3, 2017, joined the long list of packaged food manufacturers who have disappointed with their performances.
On May 2, 2017, Mondelēz was trading at a 12-month forward PE (price-to-earnings ratio) of 20.2x, below the S&P 500 Consumer Staples Index’s forward PE but above the S&P 500’s forward PE.
The majority of analysts covering Mondelēz International (MDLZ) remain positive on the stock. The consensus rating on the stock is a 2.1 on a scale of 1.0 (strong buy) to 5.0 (strong sell).
Packaged food and snacks manufacturers in the United States are focusing on lowering their costs to drive margins in the current slow-growth scenario.
Mondelēz International (MDLZ) witnessed organic sales growth across all its regions except North America in 1Q17. The company’s North American sales fell 1.6% during the quarter.
Mondelēz International’s (MDLZ) 1Q17 sales of $6.4 billion came in marginally above Wall Street analysts’ consensus estimate but fell 0.6% YoY (year-over-year).