UTZ

How Much More Will Consumers Pay for McCormick Spices?

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Image: Pricing growth remains the story at McCormick, but for how long? Image Source: McCormick By Brian Nelson, CFA Those that know McCormick & Company (MKC) are aware of its dominance in spices and seasonings, but just how much more can the consumer pay for its products? So far so good it seems, but we have doubts consumers are going to keep paying up and up ad infinitum for its flavors. Something’s got to give eventually, and that could result in a big quarterly miss, in our view. When McCormick reported second-quarter fiscal 2023 results on June 29 for the period ending May 31, 2023, all its sales growth came from pricing actions, with McCormick experiencing a 0.9% decline in … Read more

Fed Raises 75 Basis Points; Food Price Inflation Continues to Wreak Havoc on Consumer Budgets

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Image Source: Federal Reserve The Fed upped its key benchmark rate to the range of 3%-3.25% on September 21, but it may not be enough to stem the rise in inflation. We think the market has further room to fall. By Brian Nelson, CFA We think the Fed is looking to crush the economy and break the will of businesses to raise prices. Unfortunately, there is only so much that hiking the federal funds rate can do, and much of the inflation that is hurting the consumer is coming in the form of food prices, and this doesn’t look like it will abate anytime soon. I had warned about a coming market “flush” in a late August video, in part … Read more

Nelson Nailed Food Price Inflation Risks; Markets Heading Lower

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Image Source: Liz West “Milk was up 17%, poultry up 15.9%, while eggs were up 39.8% in the August CPI report.” By Brian Nelson, CFA Hi everyone: I put together a video several weeks ago on August 27, explaining how consumers were tapped out due to inflationary squeezes, particularly at the grocery store, as a big reason for being incrementally more bearish on the equity markets. The August CPI report, released September 13, showed that consumer prices advanced 8.3% on a year-over-year basis and are still accelerating, increasing 0.1 percent from July, where the pace was unchanged. Milk was up 17%, poultry up 15.9%, while eggs were up 39.8% in the August CPI report. We don’t think the market was … Read more

Conagra Brands Facing Major Inflationary Headwinds

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Image Shown: Conagra Brands Inc recently reduced its full-year guidance for fiscal 2022 in the face of major inflationary headwinds. Image Source: Conagra Brands Inc – Fourth Quarter of Fiscal 2021 IR Earnings Presentation By Callum Turcan On July 13, the company behind the Slim Jim, Duncan Hines, Gardein brands (among other), Conagra Brands Inc (CAG), reported fourth quarter earnings for fiscal 2021 (period ended May 30, 2021) that beat both consensus top- and bottom-line estimates. However, its guidance for fiscal 2022 came in a bit light in the face of major inflationary headwinds which saw shares sell off initially after the report was published. Please note that its fiscal 2020 was a 53 week reporting period while its fiscal … Read more

Dividend Increases/Decreases for the Week September 11

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Below we provide a list of firms that raised their dividends during the week ending September 11. The dividend reports of covered firms on this list will be updated shortly with the new information. To access our dividend reports use the ‘Symbol’ search box in our website header. Firms Raising Their Dividends This Week A-Mark (AMRK): now $1.50 per share special dividend, was $0.08. Agree Realty (ADC): now $0.60 per share quarterly dividend, was $0.57. American Tower (AMT): now $1.14 per share quarterly dividend, was $1.10. B2Gold (BTG): now $0.04 per share quarterly dividend, was $0.02. Calvin B. Taylor Bankshares (TYCB): now $0.29 per share quarterly dividend, was $0.26. Evertz Technologies (EVTZF): now CAD 0.09 per share quarterly dividend, was … Read more

Dividend Increases/Decreases for the Week December 11

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Below we provide a list of firms that raised their dividends during the week ending December 11. The dividend reports of covered firms on this list will be updated shortly with the new information. To access our dividend reports use the ‘Symbol’ search box in our website header. Firms Raising Their Dividends This Week Abbott Laboratories (ABT): now $0.45 per share quarterly dividend, was $0.36. Abitibi Royalties (ATBYF): now CAD 0.015 per share monthly dividend, was CAD 0.013. AES (AES): now $0.1505 per share quarterly dividend, was $0.1433. Albany (AIN): now $0.20 per share quarterly dividend, was $0.19. Alexandria Real Estate Equities (ARE): now $1.09 per share quarterly dividend, was $1.06. Alico (ALCO): now $0.18 per share quarterly dividend, was … Read more

Dividend Increases/Decreases for the Week December 10

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Below we provide a list of firms that raised their dividends during the week ending December 10. The dividend reports of covered firms on this list will be updated shortly with the new information. To access our dividend reports use the ‘Symbol’ search box in our website header. Firms Raising Their Dividends This Week Abbott Laboratories (ABT): now $0.47 per share quarterly dividend, was $0.45. Alexandria Real Estate Equities (ARE): now $1.15 per share quarterly dividend, was $1.12.  AMCON Distributing Company (DIT): now $5.00 per share special dividend, was $0.18.        Amerant Bancorp (AMTB): now $0.06 per share dividend. ARC Document Solutions (ARC): now $0.05 per share quarterly dividend, was $0.02. Aris Water Solutions (ARIS): now $0.07 per share quarterly dividend. … Read more

Dividend Increases/Decreases for the Week of December 9

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Below we provide a list of firms that raised their dividends during the week ending December 9. The dividend reports of covered firms on this list will be updated shortly with the new information. To access our dividend reports use the ‘Symbol’ search box in our website header. Firms Raising Their Dividends This Week                Abbott Laboratories (ABT): now $0.51 per share quarterly dividend, was $0.47. ABM Industries (ABM): now $0.22 per share quarterly dividend, was $0.195. AGNC Investment Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (AGNCN): now $0.5743 per share quarterly dividend was $0.4375. Albany (AIN): now $0.25 per share quarterly dividend, was $0.21. Alexandria Real Estate Equities (ARE): now $1.21 per share quarterly dividend, was $1.18. AltaGas … Read more

Dividend Increases/Decreases for the Week of March 29

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Below we provide a list of firms that raised their dividends during the week ending March 29. The dividend reports of covered firms on this list will be updated shortly with the new information. To access our dividend reports use the ‘Symbol’ search box in our website header. Firms Raising Their Dividends This Week                          AB Volvo (publ) (VLVLY): now $0.718 per share annual dividend, was $0.653. Anadolu Hayat Emeklilik Anonim Sirketi (AELIY): now $0.218 per share annual dividend, was $0. Armanino Foods of Distinction (AMNF): now $0.0363 per share quarterly dividend, was $0.0330. Bancolombia S.A. (CIB): now $0.913 per share quarterly dividend, was $0.884. Bank First (BFC): now $0.35 per share quarterly dividend, was $0.30. The Bidvest Group … Read more

Dividend Increases/Decreases for the Week of December 6

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Below we provide a list of firms that raised their dividends during the week ending December 6. The dividend reports of covered firms on this list will be updated shortly with the new information. To access our dividend reports use the ‘Symbol’ search box in our website header. Firms Raising Their Dividends This Week                          A & W Food Services of Canada Inc. (AW:CA): now $0.3748 per share quarterly dividend. ABM Industries (ABM): now $0.265 per share quarterly dividend, was $0.225. Absecon Bancorp (ASCN): now $0.90 per share quarterly dividend, was $0.75. AES (AES): now $0.176 per share quarterly dividend, was $0.172. AFLAC (AFL): now $0.58 per share quarterly dividend, was $0.50. Airports of Thailand Public Company Limited (AIPUY): … Read more