Top Consumer Stocks
Consumer stocks were mixed this afternoon, with shares of
consumer staples companies in the S&P 500 adding about 0.1%.
Shares of consumer discretionary firms in the S&P 500 were down
In company news, Whole Foods Market Inc. (
) was down 1% in recent trading Monday, giving back a small rise
earlier in the session that followed an upgrade of the upscale
grocery chain by analysts at BB&T.
The research shop now rates WFM as a Buy, up from its previous
call of Hold, citing the stock's current valuation as well as an
expected rise in same-store sales starting in Q2. It also set a $64
a share price target.
Shares were ahead 0.9% in recent trade at $54.69 apiece, or
about 6 cents off its intra-day high. The stock has a 52-week range
of $40.70 to $65.59 a share.
In other sector news,
(+) HAS, (+5.8%) Raises quarterly dividend 8% over the previous
quarter to 40.43 per share, payable May 15 to shareholders of
record on May 1. Q4 EPS of $1.12, ex items, trails estimates by
$0.10 per share. Revenue slips 0.1% to $1.28 bln, roughly in line
with $1.3 bln consensus.
(-) BG, (-1.1%) Buys corn masa flour mill in Worthington, Ind.,
with an annual capacity of around 32,000 metric tons, from Corn
Flour Producers LLC for an undisclosed amount.
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