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Hershey's Pricing Power Continues To Sweeten Sales, Drive Growth: Analyst
Monday, January 29, 2024 - 1:03pm | 343Shares of Hershey Co (NYSE: HSY) rose in premarket trading on Monday. The candy company’s market share and volume trends have improved significantly in recent months, according to Bernstein. The Hershey Analyst: Alexia Howard upgraded the rating for Hershey from Market Perform to Outperform,...
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Why Kellogg Should No Longer Be Ignored By Investors: Analyst Upgrades Stock Amid Improved Earnings Outlook
Thursday, June 22, 2023 - 12:27pm | 326Kellogg Company (NYSE: K), which has consistently outperformed analyst forecasts during and after the pandemic, is gearing up to report its second-quarter earnings. While Kellogg’s stock is trading at a five-year low and a 15-year low versus its U.S. food peers, the company providing fiscal...
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Beyond Meat Is An Attractive Reopening Play, Bernstein Says
Monday, May 24, 2021 - 11:54am | 280As comparables get far easier, Beyond Meat Inc’s (NASDAQ: BYND) guidance of a recovery in organic growth for the second quarter bodes well for the back half of the year, according to Bernstein. The Beyond Meat Analyst: Alexia Howard upgraded the rating for Beyond Meat from Underperform...
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Why Beyond Meat Is Trading Higher Today
Monday, May 24, 2021 - 7:50am | 231Beyond Meat Inc (NASDAQ: BYND) is trading higher Monday after the stock received a double upgrade at Bernstein. What Happened: Bernstein analyst Alexia Howard upgraded Beyond Meat from Underperform to Outperform and announced a $130 price target Monday. The analyst...
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Should Investors Buy The Dip In Beyond Meat? 3 Analysts Weigh In
Wednesday, August 5, 2020 - 11:06am | 566Plant-based food maker Beyond Meat Inc (NASDAQ: BYND) reported second-quarter results as sales came in better than expected but showed a sequential slowdown in growth. Bernstein analyst Alexia Howard maintains a Market Perform rating on Beyond Meat's stock with a price target lifted from $...
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Bernstein Says Beyond Meat's Stock Has Moved Too High, Too Fast
Wednesday, January 15, 2020 - 10:35am | 363Bernstein upgraded plant-food maker Beyond Meat Inc (NASDAQ: BYND) back in November, but is moving back to the sidelines due to valuation concerns. The Analyst Alexia Howard downgraded Beyond Meat from Outperform to Market Perform with an unchanged $106 price target. The Thesis Beyond Meat's...
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Bernstein Estimates Beyond Meat's 'Blue-Sky' Scenario With McDonald's
Wednesday, January 8, 2020 - 11:01am | 426Plant-based food maker Beyond Meat Inc (NASDAQ: BYND) continues to work with McDonald's Corp (NYSE: MCD) in testing a "PLT" sandwich in Canada. Under a "blue-sky" scenario, total revenue can increase from $280 million in 2019 to around $910 million in 2021, according to...
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Analyst Reacts To Beyond Meat Earnings, Offering
Monday, July 29, 2019 - 8:23pm | 250Bernstein's Alexia Howard shared with the viewers of CNBC's "Fast Money" her reaction to Beyond Meat Inc (NASDAQ: BYND) earnings and the secondary offering. She said the quarter came in pretty strongly, better than analysts estimated. Sales were strong, profits were good...
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Bernstein Downgrades Beyond Meat Amid Growing Valuation Concerns
Wednesday, June 12, 2019 - 9:36am | 419Plant-based food maker Beyond Meat Inc (NASDAQ: BYND) received its second analyst downgrade in as many days on Wednesday. The Analyst Bernstein's Alexia Howard downgraded Beyond Meat from Outperform to Market Perform with a price target lifted from $107 to $123. The Thesis Beyond Meat could...
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What's Next For General Mills After Encouraging Q2? The Street Debates
Thursday, December 20, 2018 - 2:08pm | 484General Mills, Inc. (NYSE: GIS) reported Wednesday its fiscal second-quarter earnings print, which impressed investors as management reaffirmed the cereal maker's 2019 outlook. Here is a summary of how three of the Street's top analysts reacted to the print. Bank Of America: Cleared A '...
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Mondelez Has A Buying Opportunity Around $40, Recent Weakness An Overreaction
Wednesday, September 20, 2017 - 3:35pm | 522The 15-percent pullback in Mondelez International Inc (NASDAQ: MDLZ) shares from a high of $47 in early June was likely an overreaction to a combination of industry-wide and one-time, company-specific issues, according to a Bernstein note. The firm said it sees a buying opportunity at around $40...
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Here's A Sweet Investment Idea: Buy Hershey To Play Falling Cocoa Prices
Thursday, August 17, 2017 - 10:28am | 401Good news for your sweet tooth and your food portfolio: Cocoa’s getting cheaper. The price has fallen 37 percent since last summer and, based on Bernstein research, could continue to drop over the next few years. As cocoa comprises an estimated 10 to 15 percent of Hershey Co (NYSE: HSY)...
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Dean Foods Caught In The Crossfire Of Walmart, Kroger's 'Price War'
Thursday, July 27, 2017 - 1:36pm | 457Bernstein said in a note on Thursday structural shifts in the retail environment could weigh on Dean Foods Co (NYSE: DF)'s stock, as emerging threat from hard discounters have led retailers such as Kroger Co (NYSE: KR) and Wal-Mart Stores Inc (NYSE: WMT) to compete more aggressively on...
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Food Data Is Troubling; Companies Explain Why
Wednesday, March 8, 2017 - 10:04am | 405U.S. Nielsen Data for packaged foods revealed a 5.5 percent decline in February sales, representing the second consecutive month of lackluster volumes. The results follow a 1.9 percent decline reported last quarter. Bernstein’s Alexia Howard mentioned the top expectations among packaged food...
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Kraft Heinz Investors Overreacted To 3G Capital Reports
Friday, February 17, 2017 - 11:07am | 428Shares of Kraft Heinz Co (NASDAQ: KHC) slid on mixed Q4 2016 results and press reports, stating 3G Capital would not use its new fund to support M&A at Kraft Heinz. These press reports are unconfirmed and, even if correct, would not change much for Kraft Heinz investors, Bernstein’s...