|Bid||75.53 x 1100|
|Ask||75.62 x 1200|
|Day's Range||74.85 - 76.39|
|52 Week Range||45.00 - 239.71|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Oct. 28, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||109.54|
Lamb Weston (LW) is benefiting from solid price/mix, strong Global segment, focus on LTOs and expansion efforts. However, high input costs and SG&A expenses are concerns.
2019 was one of the busiest years for IPOs, and the calendar was packed with big tech unicorns and popular consumer brands. Here are some of the hottest market debuts we saw this year.
Starting today, Canadians can now enjoy even more options at their local grocer’s fresh meat counter with the launch of Beyond Beef.
In its detailed checks on the tests, which are the first to be made public, the Swiss investment bank said the numbers implied the world's biggest fast-food chain could eventually sell more than 250 million P.L.T. burgers annually if it rolled out the product across its nearly 14,000 U.S. outlets.
Beyond Meat could see revenue hit $1 billion if it focuses in its foodservice partnerships, according to UBS analyst Steven Strycula.
Kimberly-Clark's (KMB) 2018 Global Restructuring Program and FORCE Program bode well. These are likely to help it offset the rising cost challenges.
(Bloomberg) -- Fiverr International Ltd.’s initial zing has almost entirely faded since its June IPO, with the stock falling for six straight days to below its IPO price as insiders’ and early investors’ first chance to sell looms on Tuesday.The biggest stakeholders include Viola Private Equity’s Jonathan Kolber, Deer VII & Co., Accel London III Associates, Square Peg Group, and co-founder and chief executive officer Micha Kaufman, according to data compiled by Bloomberg. But post-IPO stock weakness, with shares off the June high of $44 by more than 52%, make it less likely shareholders will walk away.Fiverr chief Kaufman was unavailable to respond to queries.The operator of an online marketplace for software services had the fourth-best debut of this year’s 239 IPOs, rising a whopping 90% from offer to its first close. That ranks just behind Beyond Meat Inc., Adaptive Biotechnologies Corp., and Cortexyme Inc., each of which has done better hanging on to initial gains. Underwriters on the Fiverr IPO were JPMorgan, Citi, BofA, UBS, Oppenheimer, Needham, and JMP Securities.Analysts appear split, with four buy, three hold and no sell ratings on the stock, according to data compiled by Bloomberg. But with price targets ranging from $22 to $34, they seem to agree that debut highs are unlikely to be seen again anytime soon. To contact the reporter on this story: Crystal Kim in New York at email@example.comTo contact the editors responsible for this story: Brad Olesen at firstname.lastname@example.org, Scott SchnipperFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
United Natural (UNFI) inks deals to sell 13 of its 43 Shoppers Food & Pharmacy stores to three distinct grocery operators. Also, the company will cease four Shoppers stores.
Target is the Yahoo Finance Company of the Year for 2019. We talk with Target's executive team and experts on how the retailer made it happen in 2019 and what's in store for 2020.
(Bloomberg) -- Philippine food maker Monde Nissin Corp. is weighing options including a potential minority stake sale for Quorn Foods, a British producer of meat substitutes, people with knowledge of the matter said.Monde Nissin, which makes the best-selling “Lucky Me!” instant noodles in the Philippines, is working with an adviser to look for an equity investor in Quorn, said the people. The firm could sell at least 20% in Quorn to an investor that would help expand the business, said the people, who asked not to be identified as the discussions are private.The Makati-based company acquired Quorn for 550 million pounds ($722 million) in 2015, according to the company’s website. Quorn started making meat-free products including burgers with mycoprotein before the faux meat boom that took off in recent years.Middle-class consumers are becoming more health-conscious, switching to products made of plant-based proteins by companies such as Beyond Meat Inc. and Impossible Foods Inc. Shares of Beyond Meat have fallen nearly 70% from their peak this year, but still have almost tripled since its debut in May, riding on the demand for vegan food.Deliberations are at an early stage and they may not lead to a transaction, the people said. A representative for Monde Nissin declined to comment.Monde Nissin also counts biscuits among its main products and exports to more than 30 countries, according to its website.(Updates to add more information about Monde Nissin in final paragraph.)\--With assistance from Cecilia Yap.To contact the reporters on this story: Vinicy Chan in Hong Kong at email@example.com;Elffie Chew in Kuala Lumpur at firstname.lastname@example.orgTo contact the editors responsible for this story: Fion Li at email@example.com, Jeff SutherlandFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Kroger's (KR) third-quarter sales fell short of the Zacks Consensus Estimate. This was the second straight quarter of sales miss. Nonetheless, management forecast identical sales growth of 2-2.25% for fiscal 2019.
John Wiley & Sons' (JW.A) second-quarter fiscal 2020 results reflect strength in Research Publishing & Platforms and Education Services segments. However, a decline in book publishing is a concern.
Campbell Soup (CPB) earnings increase in the first quarter of fiscal 2020 on the back of higher adjusted EBIT and reduced interest expenses. However, sales were soft due to the Meals & Beverages segment.
Tyson Foods (TSN) is focused on enhancing portfolio to cater to the rising demand for protein-packed products. Also, its Financial Fitness Program bodes well.