On December 12, 2017, Kraft Heinz (KHC) stock was trading at a forward PE multiple of 20.8x, which is above the peer group average of 17.2x.
Conagra’s (CAG) adjusted EPS from continuing operations jumped 33.8%, driven by higher cost savings and productivity savings.
Analysts project Kraft Heinz’s (KHC) top line to remain muted in 2017 as industry-wide challenges persist.
Analysts covering Mondelēz (MDLZ) expect the company to post double-digit earnings per share growth in 2017 and 2018.
Analysts remain optimistic for 2018 and project 2.7% growth in Mondelēz’s top line.
General Mills (GIS) expects its adjusted EPS to increase 1.0%–2.0% on a constant currency basis in fiscal 2018.
General Mills’ (GIS) organic sales are estimated to fall 1%–2% in fiscal 2018, reflecting lower volumes and net price realization in its North American business.
J.M. Smucker’s (SJM) earnings per share marked a year-over-year decline in the last four quarters. However, analysts expect the company’s bottom line to improve in fiscal 2018.
Volume gains in J.M. Smucker’s Dunkin’ Donuts and Café Bustelo brands were offset by lower volumes in its Folgers brands.
Kellogg has exceeded analysts’ EPS (earnings per share) expectations in the past five quarters.
Kellogg (K) estimates a 3% decline in its top line for fiscal 2017, reflecting weakness in the cereal category and challenges in several markets.
Campbell Soup (CPB) has missed analysts’ EPS (earnings per share) expectations in the past three quarters.
Campbell Soup’s (CPB) Americas Simple Meals and Beverages segment is witnessing lower volumes, reflecting sluggishness in its US (SPY) sales of soup and V8 beverages.
After a challenging 2017, the stock prices of food manufacturers have recovered in the past month. However, most of these stocks are trading in the red year-to-date and have lagged the S&P 500 Index.
On December 12, 2017, the implied volatility of EIX stock was 27%—significantly higher than its 15-day average implied volatility of 20%.
Edison International (EIX) stock sunk ~15% last week (ended December 8) after California wildfires started affecting its principal region.
Year-to-date (or YTD), the oil and gas production—or upstream—sector in the United States is turning out to be one of the worst-performing sectors in the equity markets.
On November 16, 2017, National Oilwell Varco (NOV) announced a quarterly dividend of $0.05 per share to shareholders payable in December 2017.
National Oilwell Varco’s (NOV) management has identified demand growth in hydraulic fracturing equipment, closed-loop drilling, downhole tools, and completion tools.
National Oilwell Varco’s (NOV) net debt (total debt less cash & marketable securities) fell 12% in 3Q17 over 3Q16.