| Previous Close | 86.07 |
| Open | 86.25 |
| Bid | 85.00 x 1400 |
| Ask | 85.01 x 800 |
| Day's Range | 84.62 - 86.25 |
| 52 Week Range | 50.02 - 94.13 |
| Volume | 3,963,239 |
| Avg. Volume | 7,945,506 |
| Market Cap | 99.131B |
| Beta (5Y Monthly) | 0.81 |
| PE Ratio (TTM) | 75.31 |
| EPS (TTM) | 1.13 |
| Earnings Date | Oct. 29, 2020 |
| Forward Dividend & Yield | 1.64 (1.91%) |
| Ex-Dividend Date | Aug. 06, 2020 |
| 1y Target Est | 83.45 |
- Motley Fool
3 Stocks That Are Buys No Matter Who Wins the Election
Presidential elections can add a layer of uncertainty to the stock market. The Clorox Company (NYSE: CLX), Starbucks (NASDAQ: SBUX), and Waste Management (NYSE: WM) all seem to be good buys no matter who wins the election. Before the coronavirus pandemic, Clorox was a seldom-discussed consumer staple stock living in the shadow of larger leaders like Procter & Gamble.
- Bloomberg
European Coffee Giant Targets Starbucks, Peet’s in U.S. Foray
(Bloomberg) -- Tchibo, one of Europe’s biggest coffee purveyors, is betting that more than 70 years of industry experience will help it take on the likes of Starbucks Corp. and Peet’s Coffee in its first U.S. foray.The Hamburg-based company is introducing its roast and ground coffees to the U.S. in the coming weeks in the latest initiative by Chief Executive Officer Thomas Linemayr, whose previous experience in the U.S. included overseeing Lindt & Sprungli AG’s American division. Tchibo coffee is already sold across Europe and its CEO now aims to woo U.S. coffee aficionados.“We will cater toward more affluent, younger consumers and coffee connoisseurs,” Linemayr, 59, said in a phone interview from New York. “We want to establish our company as a quality leader.”Tchibo’s coffee will be distributed by Rainmaker Food Solutions and will be available at a broad selection of retailers in the Midwest markets of Illinois, Indiana, Iowa, Ohio, Michigan, Minnesota, Missouri and Wisconsin. The products include roast & ground, and whole bean -- two categories boosted by lockdowns -- and a coffee machine with grinding capacity will also be offered.Tchibo, founded in 1949, has annual sales of “just under” $4 billion, with coffee comprising about half of that, Linemayr said. The company has coffee farms in Brazil and Tanzania, and has more than 1,000 retail stores, where it sells home appliances including coffee machines. The company aims to compete against the big U.S. national retailers and, to some extent, Starbucks and Peet’s, Linemayr said.Tchibo is entering a roast-and-ground coffee market that generated about $4 billion in sales last year in the U.S., according to James Watson, a market analyst for Rabobank in New York. That market is experiencing a push toward a more refined product.“There is significant premiumization occurring, which we think is due to consumers moving from coffee shops to grocery,” Watson said in an interview. “Companies that are gaining market are the largest and most premium.”Coffee grinder sales and coffee subscription services are also growing in a period when the Covid-19 pandemic has changed consumer behaviors -- implying that consumers are building new infrastructure to support at-home consumption, Watson said. The shift may not last, though, once consumers feel more comfortable returning to coffee shops.Premium Opportunity“Americans are drinking far less coffee at the office than they once did, and a large portion of that is shifting instead to roast & ground in an at-home setting,” said Matthew Barry, the Chicago-based beverage consultant for market researcher Euromonitor International. “There is opportunity in more premium coffee designed for at-home consumption.”As consumers spend more time at home and save money by not going out for coffee, Barry said there’s good reason to think that a significant amount of drinkers will look to splurge more on coffee than they did before Covid as long as the pandemic is around.Tchibo will face competition from Illycafe SpA, the European roaster that sells premium products and has been expanding in the U.S. Covid-19 has been blow for the company’s sales, 60% of which comes from restaurants, cafes, airlines and transportation, chairman Andrea Illy told Bloomberg TV earlier this month. The Trieste, Italy-based company responded by boosting its focus on at-home consumption and e-commerce, helping counter some lost sales.Linemayr is tapping into his U.S. experience to help Tchibo gain an American foothold. He had gained success when heading Lindt & Sprungli’s U.S. business from 1999 to 2016, helping the chocolatier rise to the No. 3 brand in the country based on sales.“We tried to understand the consumer and carefully built the brand -- it was quite a ride,” he said. “What I learned is that you must really forget what made you successful in Europe -- you need to learn how to conduct business in America.”For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- Bloomberg
Tata Group Courts Investors for New Digital Platform
(Bloomberg) -- India’s Tata Group is in talks with potential investors about taking stakes in a new digital platform, people familiar with the matter said, seeking to modernize its consumer businesses as retail giants like Amazon.com Inc. and billionaire Mukesh Ambani pile into the country’s fledgling e-commerce market.Tata Sons Pvt., the holding company of the $113 billion coffee-to-cars conglomerate, is working with advisers to explore bringing in financial or strategic investors, including global technology companies, the people said, asking not to be identified as they aren’t authorized to speak to the media. The group plans to bring together digital assets across various Tata businesses to create the new entity, according to the people.A Tata Sons representative declined to comment on the stake sale discussions.Tata’s platform -- an e-commerce gateway for its consumer products and services ranging from beverages to jewelry and resorts -- may seek to compete with the ambitious plans of Ambani, Amazon.com and Walmart Inc.’s Indian venture Flipkart to tap the nascent market of more than 1 billion consumers. Ambani, chairman of Reliance Industries Ltd., is looking to forge a digital empire, raising more than $20 billion from big-name partners including Facebook Inc. and Google for his newly formed technology venture, Jio Platforms Ltd.Discussions with potential investors are at a very early stage and there’s no certainty they will result in a deal, the people said.Adding HeftWhile bringing in outside investors would lend credence to Tata’s digital ambitions, it may also help the group pare debt after the coronavirus pandemic hammered its flagship businesses. Tata Steel Ltd.’s group net debt was at $14 billion as of June 30, while the net automotive debt of Tata Motors Ltd., which owns Jaguar Land Rover, was around 480 billion rupees ($6.5 billion).Tata Group already has a bunch of entrenched consumer businesses, many of which also have an online presence. These include Tanishq’s jewelry stores, Titan watch showrooms, Star Bazaar supermarkets, chain of Taj hotels and a joint venture with Starbucks in India. The intention is to consolidate these currently fragmented web operations.As part of that drive, the conglomerate is building an all-in-one e-commerce app for its swathe of consumer products and services, Bloomberg News reported last month. It is expected to be launched by end-2020 or early next year.Walmart is in talks with Tata about a possible investment in the planned app, Mint newspaper reported Tuesday, citing people it didn’t identify. Natarajan Chandrasekaran, Tata Sons’ chairman and a long time chief executive officer of Tata Consultancy Services Ltd. before that, is championing the group’s digitization drive and Tata Digital’s head Pratik Pal is in charge of building the all-in-one app, a person told Bloomberg News last month.Pal has three decades of experience at TCS, where he was global head of retail, and helped with the digital transformation of some of the world’s largest retail chains including Walmart, Tesco Plc, Aldi Inc., Target Corp., Best Buy Co. and Marks & Spencer Group Plc.(Updates with media report of Walmart talks in ninth paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
