We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
The Zacks Analyst Blog Highlights: HAIN, BGS, CAG, CPB and UNFI
Read MoreHide Full Article
For Immediate Release
Chicago, IL – May 4, 2020 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include The Hain Celestial Group, Inc. (HAIN - Free Report) , B&G Foods, Inc. (BGS - Free Report) , Conagra Brands Inc. (CAG - Free Report) , Campbell Soup Company (CPB - Free Report) and United Natural Foods, Inc. (UNFI - Free Report) .
On Apr 30, The Kraft Heinz Company reported first-quarter sales of $6.16 billion, fueled by increased consumer demand on fears of coronavirus spreading further. The company said that about 6% to 7% of sales growth was due to stocking up on pantry staples. Also, Kellogg said that its cereal sales rose 2.7% in the quarter as more people preferred eating breakfast at home to avoid contact.
With fatalities crossing 63,000 and a cure yet to be found for coronavirus, cities have been forced to go under lockdown. Although some states have started reopening, health authorities have warned that it might lead to a second wave of pandemic. The resultant panic is driving people to stock up on essential goods and food items.
Kraft Heinz Scores on Coronavirus Stockpiling
Retailers, consumer durables and food brands announcing their quarterly results have warned of a sales decline in the next reporting cycle. However, most of these companies so far have reported higher sales this season.
Kraft Heinz on Thursday reported revenues of $6.16 billion, up 3.3% from a year ago. Kraft Heinz said its revenues benefited from focus on consumer food items due to the coronavirus pandemic, which resulted in a buying spree around the country. The company also said pricing in the quarter increased 2.4%, driven by a combination of higher list prices and price increases to offset commodity-cost inflation in dairy.
Eating at Home Spurs Sales
On Apr 30, Kellogg reported stronger-than-expected first-quarter earnings amid the coronavirus pandemic, tying sales growth in part to consumers stocking up. The company said its Eggo waffle sales soared 45% in March as the coronavirus pandemic forced more consumers to eat breakfast at home.
Our Choices
The current stockpiling is boosting food and consumer staples and in turn helping several retailers. Given the situation, we have shortlisted five food manufacturing companies that are sure to benefit from soaring demand.
The Hain Celestial Group, Inc. produces, distributes, markets and sells various natural and organic foods as well as personal care products. The company offers groceries, non-dairy beverages and frozen desserts, flour and baking mixes, cereals, condiments, cooking oils, and infant and toddler food.
The company’s expected earnings growth rate for the current year is 10.6%. The Zacks Consensus Estimate for current-year earnings has improved 2.8% over the past 60 days. Hain Celestialsports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
B&G Foods, Inc. manufactures, sells and distributes high quality, shelf stable, frozen food and household products across the United States, Canada and Puerto Rico.
The company’s expected earnings growth rate for the current year is 1.8%. The Zacks Consensus Estimate for current-year earnings has improved 1.2% over the past 60 days. B&G Foods carries a Zacks Rank #1.
Conagra Brands Inc. is one of the leading branded food companies of North America. The company offers premium edible products, with refined focus on innovation.
Congra Brands’ expected earnings growth rate for the current year is 10%. The Zacks Consensus Estimate for current-year earnings has improved 7.8% over the past 60 days. The company carries a Zacks Rank #2 (Buy).
Campbell Soup Companytogether with its subsidiaries, is a worldwide manufacturer and marketer of high-quality, branded convenience food products.
The company’s expected earnings growth rate for the current year is 22.6%. The Zacks Consensus Estimate for current-year earnings has improved 11.5% over the past 60 days. Campbell Soup carries a Zacks Rank #2.
United Natural Foods, Inc. is the leading distributor of natural, organic and specialty food and non-food products in the United States and Canada.
The company’s Zacks Consensus Estimate for current-year earnings has improved 3.1% over the past 60 days. The company’s shares have gained 15.9% in the past one month. United Natural Foods carries a Zacks Rank #2.
5 Stocks Set to Double
Each was hand-picked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2020. Each comes from a different sector and has unique qualities and catalysts that could fuel exceptional growth.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit http://www.zacks.com/performancefor information about the performance numbers displayed in this press release.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
The Zacks Analyst Blog Highlights: HAIN, BGS, CAG, CPB and UNFI
For Immediate Release
Chicago, IL – May 4, 2020 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include The Hain Celestial Group, Inc. (HAIN - Free Report) , B&G Foods, Inc. (BGS - Free Report) , Conagra Brands Inc. (CAG - Free Report) , Campbell Soup Company (CPB - Free Report) and United Natural Foods, Inc. (UNFI - Free Report) .
Here are highlights from Friday’s Analyst Blog:
Stockpiling Boosts Retail Sales Amid Coronavirus: 5 Picks
On Apr 30, The Kraft Heinz Company reported first-quarter sales of $6.16 billion, fueled by increased consumer demand on fears of coronavirus spreading further. The company said that about 6% to 7% of sales growth was due to stocking up on pantry staples. Also, Kellogg said that its cereal sales rose 2.7% in the quarter as more people preferred eating breakfast at home to avoid contact.
With fatalities crossing 63,000 and a cure yet to be found for coronavirus, cities have been forced to go under lockdown. Although some states have started reopening, health authorities have warned that it might lead to a second wave of pandemic. The resultant panic is driving people to stock up on essential goods and food items.
Kraft Heinz Scores on Coronavirus Stockpiling
Retailers, consumer durables and food brands announcing their quarterly results have warned of a sales decline in the next reporting cycle. However, most of these companies so far have reported higher sales this season.
Kraft Heinz on Thursday reported revenues of $6.16 billion, up 3.3% from a year ago. Kraft Heinz said its revenues benefited from focus on consumer food items due to the coronavirus pandemic, which resulted in a buying spree around the country. The company also said pricing in the quarter increased 2.4%, driven by a combination of higher list prices and price increases to offset commodity-cost inflation in dairy.
Eating at Home Spurs Sales
On Apr 30, Kellogg reported stronger-than-expected first-quarter earnings amid the coronavirus pandemic, tying sales growth in part to consumers stocking up. The company said its Eggo waffle sales soared 45% in March as the coronavirus pandemic forced more consumers to eat breakfast at home.
Our Choices
The current stockpiling is boosting food and consumer staples and in turn helping several retailers. Given the situation, we have shortlisted five food manufacturing companies that are sure to benefit from soaring demand.
The Hain Celestial Group, Inc. produces, distributes, markets and sells various natural and organic foods as well as personal care products. The company offers groceries, non-dairy beverages and frozen desserts, flour and baking mixes, cereals, condiments, cooking oils, and infant and toddler food.
The company’s expected earnings growth rate for the current year is 10.6%. The Zacks Consensus Estimate for current-year earnings has improved 2.8% over the past 60 days. Hain Celestialsports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
B&G Foods, Inc. manufactures, sells and distributes high quality, shelf stable, frozen food and household products across the United States, Canada and Puerto Rico.
The company’s expected earnings growth rate for the current year is 1.8%. The Zacks Consensus Estimate for current-year earnings has improved 1.2% over the past 60 days. B&G Foods carries a Zacks Rank #1.
Conagra Brands Inc. is one of the leading branded food companies of North America. The company offers premium edible products, with refined focus on innovation.
Congra Brands’ expected earnings growth rate for the current year is 10%. The Zacks Consensus Estimate for current-year earnings has improved 7.8% over the past 60 days. The company carries a Zacks Rank #2 (Buy).
Campbell Soup Companytogether with its subsidiaries, is a worldwide manufacturer and marketer of high-quality, branded convenience food products.
The company’s expected earnings growth rate for the current year is 22.6%. The Zacks Consensus Estimate for current-year earnings has improved 11.5% over the past 60 days. Campbell Soup carries a Zacks Rank #2.
United Natural Foods, Inc. is the leading distributor of natural, organic and specialty food and non-food products in the United States and Canada.
The company’s Zacks Consensus Estimate for current-year earnings has improved 3.1% over the past 60 days. The company’s shares have gained 15.9% in the past one month. United Natural Foods carries a Zacks Rank #2.
5 Stocks Set to Double
Each was hand-picked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2020. Each comes from a different sector and has unique qualities and catalysts that could fuel exceptional growth.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>
Join us on Facbook: http://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts
Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
Media Contact
Zacks Investment Research
800-767-3771 ext. 9339
support@zacks.com
http://www.zacks.com
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit http://www.zacks.com/performancefor information about the performance numbers displayed in this press release.