Latest news with #RobertMoskow
Business Insider
6 days ago
- Business
- Business Insider
Stifel Nicolaus Remains a Hold on Campbell Soup (CPB)
analyst Matthew Smith, CFA maintained a Hold rating on Campbell Soup (CPB – Research Report) yesterday and set a price target of $38.00. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Smith, CFA covers the Consumer Defensive sector, focusing on stocks such as Westrock Coffee, Lamb Weston Holdings, and Vital Farms. According to TipRanks, Smith, CFA has an average return of 14.0% and a 56.48% success rate on recommended stocks. In addition to Stifel Nicolaus, Campbell Soup also received a Hold from TD Cowen's Robert Moskow in a report issued yesterday. However, on the same day, Citi assigned a Sell rating to Campbell Soup (NASDAQ: CPB).
Globe and Mail
22-05-2025
- Business
- Globe and Mail
Kraft Heinz (KHC) Receives a Hold from TD Cowen
TD Cowen analyst Robert Moskow maintained a Hold rating on Kraft Heinz (KHC – Research Report) today and set a price target of $27.00. The company's shares closed yesterday at $27.90. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter According to TipRanks, Moskow is a 3-star analyst with an average return of 2.1% and a 46.09% success rate. Moskow covers the Consumer Defensive sector, focusing on stocks such as Mondelez International, Vital Farms, and McCormick & Company. In addition to TD Cowen, Kraft Heinz also received a Hold from Barclays's Andrew Lazar in a report issued today. However, on the same day, Morgan Stanley maintained a Sell rating on Kraft Heinz (NASDAQ: KHC). Based on Kraft Heinz's latest earnings release for the quarter ending March 29, the company reported a quarterly revenue of $6 billion and a net profit of $712 million. In comparison, last year the company earned a revenue of $6.41 billion and had a net profit of $801 million
Yahoo
13-05-2025
- Business
- Yahoo
Anheuser-Busch InBev to $300m in US manufacturing sites
Anheuser-Busch InBev has unveiled plans to invest $300m in its manufacturing operations across the US this year. In a statement, AB InBev, which owns brands including Michelob Ultra, Busch Light, and Bud Light brands, told Just Drinks that investment will be distributed across its facilities in the US. Without disclosing the amount of investment each facility would see, it said the new capital 'will be used to continue to enhance operations, advance technology, and meet evolving consumer demand'. AB InBev said it has allocated nearly $2bn to its 100 facilities across the US in the last five years. When asked why the company is investing this sum across its facilities now, the brewing major said: 'Investing in our US facilities is crucial to our long-term strategy and commitment to American manufacturing. 'By modernising operations and enhancing technical training, we future-proof our business, ensure the sustainability of American jobs, and position ourselves to meet future market demands while maintaining leadership in the brewing industry.' AB InBev's investment in local operations also coincides with the new tariffs imposed by the US government on the goods entering the country. US Secretary of Labor Lori Chavez-DeRemer said: 'Anheuser-Busch has been a shining example of what 'Made in America' means, and their latest investment of $300m builds on their longtime commitment to grow our workforce and expand US manufacturing. 'They are demonstrating exactly what it means to put American workers first, setting a standard for other companies to follow." In the first quarter of 2025, AB InBev reported group revenue of $13.62bn, a 6.3% decrease compared to last year. The company's normalised EBIT declined 1.5% to $3.58bn but profit for the period surged 71.31% $2.54bn. In the three months, AB InBev's US revenue dropped 5.1%, though its revenue per hectolitre rose 1.7% due to revenue management and premiumisation, the group said. Sales-to-retailers decreased by 5.4%. AB InBev said those sales were "estimated to have outperformed the industry" but were "negatively impacted by adverse weather and Easter shipment phasing". Sales-to-wholesalers declined by 6.7%, impacted by one less selling day versus the first quarter of 2024. EBITDA declined by 1.7% "Our beer portfolio was led by Michelob Ultra and Busch Light, which were the number one 1 and number two 2 volume share gainers in the industry respectively, while our RTD portfolio delivered strong double-digit volume growth, led by Cutwater and Nütrl," it added. In a note to clients today, Robert Moskow, an equity analyst covering AB InBev for US investment bank TD Cowen, said: "Management says they will increase marketing spending in the US to fuel their 'momentum' while also touting $300m of capital projects. "The materiality of the increase is a little vague, as is the motive. It's quite possible that they are simply trying to keep volume from further declining in an increasingly challenged US beer category. However, we view the announcement as a net positive for the competitiveness of their US beer business and the brands that will get the support." "Anheuser-Busch InBev to $300m in US manufacturing sites" was originally created and published by Just Drinks, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Business Insider
26-04-2025
- Business
- Business Insider
J.P. Morgan Sticks to Their Hold Rating for PepsiCo (PEP)
J.P. Morgan analyst Andrea Faria Teixeira maintained a Hold rating on PepsiCo (PEP – Research Report) on April 24 and set a price target of $150.00. The company's shares closed yesterday at $133.38. Stay Ahead of the Market: Discover outperforming stocks and invest smarter with Top Smart Score Stocks. Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener. Faria Teixeira covers the Consumer Defensive sector, focusing on stocks such as Coca-Cola, PepsiCo, and Colgate-Palmolive. According to TipRanks, Faria Teixeira has an average return of -0.3% and a 47.36% success rate on recommended stocks. In addition to J.P. Morgan, PepsiCo also received a Hold from TD Cowen's Robert Moskow in a report issued yesterday. However, on the same day, Piper Sandler maintained a Buy rating on PepsiCo (NASDAQ: PEP). Based on PepsiCo's latest earnings release for the quarter ending March 22, the company reported a quarterly revenue of $17.92 billion and a net profit of $1.83 billion. In comparison, last year the company earned a revenue of $18.25 billion and had a net profit of $2.04 billion Based on the recent corporate insider activity of 30 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PEP in relation to earlier this year. Last month, Marie Gallagher, the SVP & Controller of PEP sold 25,000.00 shares for a total of $3,988,750.00.
Yahoo
31-03-2025
- Business
- Yahoo
US spirits sales trends worsen in February
Spirits sales in the US fell in value and volume terms in February, according to the latest NABCA figures. US spirits volumes declined 1.1% to 61.1m nine-litre cases in the year to the end of February, according to figures released by the National Alcohol Beverage Control Association (NABCA). Sales value ticked down 0.8% to $13.6bn, the association said. The NABCA data covers 18 control states, including off- and on-premise sales. Comparing February to the same month last year, volume sales fell 4.4% to 4.3m cases, contributing to a 5.5% decrease in sales by value to $945.2m. NABCA suggested the steeper fall in the value of sales meant drinkers either moved to lower-priced options or promotions were 'more prevalent' in February. According to the association, a 'significant factor' for February's sales was the number of selling days versus a year earlier. NABCA said there were nine fewer selling days compared to the previous year, with most of the states it monitors having one fewer day. Michigan and New Hampshire had the same number of selling days, while Utah had six more. Robert Moskow, an analyst at TD Cowen, said the US investment bank estimates sales fell 3.3% in February when adjusted for selling days. 'We view the worsening trend in this discretionary category as further evidence of weakening consumer confidence and a signal of further downside risk to Diageo's and Brown-Forman's sales forecasts,' Moskow said. TD Cowen estimates the NABCA numbers account for 20-25% of the US spirits market. Tequila and cocktails were the only categories to see value and volume sales rise in the 12 months to the end of February. Some 6.97m cases of Tequila were sold during the period, the NABCA data showed, up 5.7% on a year earlier. Value sales increased 6.8% to $2.52bn. Volume sales of cocktails increased by almost a quarter to 4.4m cases, leading to $364.1m of the products being sold, 21.5% higher than in the previous 12 months. The value sales of Canadian whisky inched up 0.9% to $951.9m, although volume sales dipped 1.4% to 4.3m cases. "US spirits sales trends worsen in February – NABCA" was originally created and published by Just Drinks, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
