Nik Modi

Shares of General Mills Inc. (NYSE:GIS) remained under pressure on Thursday, despite the company’s upbeat fiscal fourth-quarter earnings report on Wednesday. The announcement came amid an exciting earnings season. Here are some key analyst takeaways. RBC Capital Markets On General Mills...

RBC Capital Markets analyst Nik Modi reiterated the Sector Perform rating on Campbell’s Co (NASDAQ:CPB), lowering the price forecast to $44 from $51. Yesterday, the company reported second-quarter sales growth of 9% to $2.685 billion, missing the analyst consensus estimate of $2.74...

Coca-Cola Company‘s (NYSE:KO) fourth-quarter earnings exceeded expectations amid strong “fundamentals” despite currency headwinds and a significant market share grab from its rival PepsiCo Inc. (NASDAQ:PEP). What Happened: “We won overall share and had broad-based share...

On Friday, Procter & Gamble Co (NYSE: PG) reported mixed results for its fiscal first quarter. The company reported its results amid an exciting earnings season. Here are some key analyst takeaways. DA Davidson On Procter & Gamble Analyst Linda Bolton Weiser maintained a Neutral rating and...

Constellation Brands, Inc. (NYSE:STZ) announced upbeat earnings for its second quarter on Thursday. The company reported its results amid an exciting earnings season. Here are some key analyst takeaways. Truist Securities On Constellation Brands Analyst Bill Chappell reiterated a Hold rating, while...

Estée Lauder Companies Inc (NYSE:EL) shares tanked in early trading on Tuesday, after the company reported results for its fiscal fourth quarter. The results came amid an exciting earnings season. Here are some key analyst takeaways. Goldman Sachs On Estée Lauder Companies Analyst Bonnie Herzog...

Shares of Boston Beer Company Inc (NYSE:SAM) were climbing in early trading on Friday, after the company reported its second-quarter results. The results came amid an exciting earnings season. Here are some key analyst takeaways. Goldman Sachs analyst Bonnie Herzog reiterated a Sell rating, while...

Shares of Coca-Cola Co (NYSE: KO) Tuesday continued to fizzle out despite the company reporting upbeat first-quarter results. Here are some key analyst takeaways from the beverage giant’s quarterly results. Bernstein On Coca-Cola Analyst Callum Elliott maintained an Outperform rating and...

PepsiCo, Inc. (NASDAQ: PEP) reported third-quarter results Wednesday that were ahead of expectations and raised its outlook for the full year. The company’s sales grew 8.8% year-over-year to $21.97 billion, topping the consensus estimate of $20.81 billion, while core earnings grew...

More than two years ago, RBC Capital Markets analyst Nik Modi published a white paper titled, "Imagine 2025 - The Consumer Edition," that explored how technology can solve some of today's problems. On Tuesday, the analyst updated his paper, noting the COVID-19 pandemic "...

A total of seven states removed all COVID-19 pandemic seating restrictions for restaurants, which imply seating capacity returned to 2019 levels. Early data compiled by RBC found outperformance versus states that still have some form of restriction. What Happened: Arizona, Connecticut, Texas,...

The case for turning bullish on Coca-Cola Co (NYSE: KO) is simple: "things have changed," according to RBC. The Coca-Cola Analyst: Nik Modi upgraded Coca-Cola's stock from Sector Perform to Outperform with a price target lifted from $55 to $60. The Coca-Cola Thesis: RBC...

Prepackaged soup products were an early beneficiary of the COVID-19 pandemic and the category's momentum carried over into 2021, according to RBC Capital Markets. The Campbell Soup Company Analyst: Nik Modi maintains an Outperform rating on Campbell Soup Company's (NYSE: CPB) stock with an...

RBC analysts maintained a bullish stance on Keurig Dr Pepper Inc (NASDAQ: KDP) and Monster Beverage Corp (NASDAQ: MNST) after the two beverage giants reported encouraging fourth quarter results. The Keurig Dr Pepper and Monster Beverage Analyst: Nik Modi maintains an Outperform rating on Keurig Dr...

The bullish case for beverage giants Coca-Cola Co (NYSE: KO) and PepsiCo, Inc. (NASDAQ: PEP) has come to an end at RBC, mostly due to valuation concerns. The Analyst: Nik Modi downgraded Coca-Cola's stock from Outperform to Sector Perform with an unchanged $55 price target. The analyst...