Target’s (TGT) Signature Categories include Style, Baby, Kids, and Wellness. Target’s Signature Categories outpaced the total business by 3 percentage points in fiscal 2Q16.
The average broker target price for Kellogg for the next 12 months has risen to $83.93 from $79. This is 1.4% higher than the closing price of $82.71 on August 5.
Hershey (HSY) reported its fiscal 2Q16 earnings on July 28, 2016. Adjusted EPS came in around $0.85 for 2Q16, a growth of 9% compared to $0.78 in 2Q15.
Procter & Gamble (PG) is set to release its fiscal 3Q16 earnings before the Markets open on April 26, 2016. In fiscal 2Q16, P&G missed revenue estimates for the fifth consecutive quarter.
Estée Lauder’s skincare segment’s net revenue decreased 3.3% in reported terms and increased 2% on a constant-currency basis to $1.2 billion in fiscal 2Q16.
Sanderson Farms (SAFM) has completed its new Palestine facility in Texas and is moving toward full production. The $140 million complex was built to produce affordable, lean protein products.
Clorox’s Cleaning segment’s fiscal 2Q16 volumes increased by 2%, and its sales increased by 2.2%, largely due to higher shipments of Home Care products.
Ingredion raised its quarterly dividends by 7% and repurchased ~70,000 shares during fiscal 3Q15. Later, the company approved a dividend of $0.45 per share.
ConAgra Foods (CAG) has a dividend yield of 2.45% as of December 17, 2015. The company’s management raised the dividend at an average annual rate of 4.6%.
The Cleaning segment contributed 32.3% to the total consolidated sales of Clorox, the highest among all the segments. The increase was primarily due to higher volume growth.
Don’t panic when financial news headlines jump out at you. If you’re ready to remain invested for the long term, you could see better returns in equities compared to other asset classes.
