As of March 28, Coca-Cola and PepsiCo were trading at 12-month forward PE multiples of 22.7x and 22.0x, respectively.
As of March 28, Coca-Cola, PepsiCo, and Dr Pepper Snapple have total returns of 3.2%, 8.2%, and 7.8%, respectively, YTD.
Nonalcoholic beverage companies Coca-Cola, PepsiCo, and Dr Pepper Snapple are adapting to health-conscious consumers.
Dwindling soda volumes are a major concern for soda beverage manufacturers Coca-Cola (KO) and PepsiCo (PEP).
Nonalcoholic beverage companies see tremendous opportunities in the better-for-you product categories.
Despite weak sales, both Coca-Cola and PepsiCo were able to deliver improved gross and operating margins in fiscal 2016.
In 2016, the revenues of Coca-Cola and PepsiCo fell 5.5% and 0.4%, respectively. For KO, this fall was worse than in 2015.
Walgreens Boots Alliance (WBA) is currently trading at $83.56 as of March 27, 2017, which is ~5.3% below its 52-week high.
Earnings growth was mainly driven by WBA’s partnerships with pharmacy benefit managers and insurance companies and from cost control initiatives.
In fiscal 1Q17, WBA’s total sales fell 1.8% YoY to $28.5 billion, missing the consensus for the fifth consecutive quarter.
Walgreens Boots Alliance (WBA) is slated to release its fiscal 2Q17 results on Wednesday, April 5, 2017. Its EPS is projected to rise 3.8% YoY.
As of March 24, 2017, Conagra Brands (CAG) was trading at a 12-month forward PE (price-to-earnings) ratio of 21.9x.
About 64.0% of analysts covering Conagra (CAG) have recommended a “buy” for the stock, and 29.0% have recommended a “hold.”
Conagra Brands’ (CAG) adjusted gross margin expanded in fiscal 3Q17, despite lower sales and gross profit dollars.
Conagra Brands’ (CAG) business segments saw volumes fall due to its planned exit from several underperforming products.
Conagra Brands’ (CAG) fiscal 3Q17 sales of $1.98 billion fell marginally short of Wall Street’s expectations of $1.99 billion.
Conagra Brands’ (CAG) fiscal 3Q17 EPS topped analysts’ estimates. But sales fell again YoY and missed Wall Street analysts’ consensus estimate.
On March 23, 2017, Conagra Brands (CAG) reported mixed results for fiscal 3Q17, which ended February 26, 2017. The results showed signs of improvement.
RBC Capital upgraded SuperValu (SVU) from a “sector perform” to an “outperform” rating on March 23, 2017. It set a price target of $6.00 on the stock.
Of the 19 analysts that cover General Mills, 10.5% rated it as a “buy,” 68.4% rated it as a “hold,” and 21.1% rated it as a “sell.”