"We understand the administration is looking for ways to put more money in people's pockets, but the only way to do this is to grow the economy and create more jobs," says Marc Freedman, executive director of labor law policy for the Chamber of Commerce. "Adding more burdens to employers will not accomplish that goal."
President Obama on Thursday plans to order the Labor Department to revamp rules that allow businesses to avoid paying overtime to fast-food and retail managers, among others, administration officials said. Currently, such salaried workers are exempt from the time-and-a-half overtime pay mandate if they earn more than $455 a week and are classified as executive, administrative or professional employees.
5 Best Food Stocks To Buy Right Now: Koninklijke Ahold NV (AHONY)
Koninklijke Ahold N.V. (Ahold), incorporated on April 29, 1920, is engaged in the operation of retail food stores in the United States and Europe through subsidiaries and joint ventures. Ahold�� retail operations are presented in four segments: Stop & Shop/Giant-Landover, Giant-Carlisle, Albert Heijn and Albert/Hypernova. During the fiscal year ended January 3, 2010 (fiscal 2009), it operated 2,909 stores. On February 8, 2010, Ahold�� Giant-Carlisle acquired 25 stores from Ukrop�� Super Markets.
Franchisees operated 783 of the Albert Heijn, Etos and Gall & Gall stores, 463 of which were either owned by the franchisees or leased independently from Ahold. Of the 2,446 stores, 20% were company-owned and 80% were leased. Ahold�� stores range in size from 20 to over 10,000 square meters. Albert Heijn is a food retailer in the Netherlands. Etos is a health and beauty retailer in the Netherlands. Gall & Gall is a wine and liquor specialist in the Netherlands. Stop & Shop is a supermarket brand, operating in six states in the northeast United States. Giant-Landover is a supermarket brand, operating in four states in the mid-Atlantic United States. Peapod is an online grocery delivery service working in partnership with Stop & Shop and Giant-Landover. It also serves the metropolitan areas of Chicago, Illinois; Milwaukee and Madison, Wisconsin, and the northern areas of Indiana.
Advisors' Opinion:- [By Rich Duprey]
As mentioned, Kroger is still swallowing Harris Teeter and has said it needs time to make more acquisitions. Royal Ahold (NASDAQOTH: AHONY ) is also said to be leery about doing large acquisitions these days, while Cerberus recently finished acquiring the Albertsons and Acme chains from SUPERVALU (NYSE: SVU ) �for $3.3 billion.
5 Best Food Stocks To Buy Right Now: Kraft Foods Group Inc (KRFT)
Kraft Foods Group, Inc. (Kraft Foods Group), incorporated on March 16, 2012, operates food and beverage businesses in North America. The Company manufactures and markets food and beverage products, including convenient meals, refreshment beverages and coffee, cheese and other grocery products, in the United States and Canada, under a stable of iconic brands. Its product categories span breakfast, lunch and dinner meal occasions, both at home and in foodservice locations. The Company sells its products to supermarket chains, wholesalers, supercenters, club stores, mass merchandisers, distributors, convenience stores, drug stores, gasoline stations, value stores and other retail food outlets in the United States and Canada. On September 14, 2012, the Company�� parent company, Kraft Foods Inc. (Kraft ParentCo), issued a press release relating to the anticipated trading markets for Kraft Foods Inc. and Kraft Foods Group, Inc. common stock through the completion of its spin-off from Kraft Foods Inc. In October 2012, Mondelez International, Inc. completed the spin-off of North American grocery business, Kraft Foods Group. In June 2013, Kraft Foods Group Inc announced plans to create two new, standalone business units: Meals and Desserts, and Enhancers and Snack Nuts.
The Company�� brand portfolio consists of food brands in North America, including three brands: Kraft cheeses, dinners and dressings; Oscar Mayer meats, and Maxwell House coffees- plus over 20 brands. It manufactures and sells food and beverage products in 50 categories. The Company operates in five segments: U.S. Beverages, which manufactures packaged juice drinks, powdered beverages and coffee; U.S. Cheese, which manufactures processed, natural and cream cheeses; U.S. Convenient Meals, which manufactures processed meats and lunch combinations; U.S. Grocery, which manufactures spoonable and pourable dressings, condiments, desserts, packaged dinners and snack nuts, and Canada & N.A. Foodservice, which sells products that span ! all of its segments and includes the Canadian and Puerto Rico grocery business, the North American foodservice operations and the North American Grocery Export Business.
U.S. Beverages
During the year ended December 31, 2011, the Company�� U.S. Beverages segment contributed 16% of its combined net revenues. This segment manufactures refreshment beverages, including Capri Sun (under license) and Kool-Aid packaged juice drinks, Kool-Aid, Crystal Light and Country Timepowdered beverages and MiO liquid concentrate, and coffee products, including Maxwell House, Gevalia and Yuban coffees, Maxwell House Internationalbeverage mixers and Tassimo (under license) hot beverage system.
U.S. Cheese
During 2011, U.S. Cheese segment had contributed 20% of the Company�� combined net revenues. This segment manufactures processed cheese, including Velveeta and Cheez Whiz processed cheeses, Kraft and Deli Deluxe processed cheese slices, Kraft grated cheeses and Polly-O and Athenos hummus and cheeses; natural cheese, including Kraft and Cracker Barrel natural cheeses, and cream cheese, including Philadelphia cream cheese and cooking creme.
U.S. Convenient Meals
During 2011, the Company�� U.S. Convenient Meals segment contributed 18% of its combined net revenues. This segment�� principal brands and products include Oscar Mayer lunch meats, hot dogs and bacon, Lunchables lunch combinations, Boca soy-based meat alternatives, and Claussen pickles.
U.S. Grocery
During 2011, the Company�� U.S. Grocery segment contributed 25% of its combined net revenues. This segment�� principal brands and products include Kraft and Kraft Deluxe macaroni & cheese dinners, Planters nuts, trail mixes and peanut butter, Corn Nuts corn snacks, Jell-O dry packaged desserts and refrigerated gelatin and pudding snacks, Cool Whip whipped topping, Jet-Puffed marshmallows, Baker�� chocolate and baking ingredients, Kraft and Miracle Whip sp! oonable d! ressings, Kraft and Good Seasons salad dressings, A.1. steak sauce, Kraft and Bull��-Eye barbecue sauces, Grey Poupon mustards, Shake N��Bake coatings, Stove Top stuffing mix, Taco Bell Home Originals (under license) meal kits, Velveeta shells and cheese dinners, and Velveeta Skillets meal kits.
Canada & N.A. Foodservice
During 2011, the Company�� Canada & N.A. Foodservice segment contributed 21% of its combined net revenues. The principal products and brands in this segment span all of its segments. Canadian grocery offerings include Nabob coffee and Kraft peanut butter, as well as a range of products in the Grocery Business Lines. The North American foodservice business sells branded products, including Maxwell House coffee, A.1. steak sauce and a range of Kraft sauces, dressings and cheeses, and serves the needs of restaurants and other foodservice operations. Puerto Rico grocery offerings include all grocery business lines, except for powdered and liquid concentrate beverages, such as Crystal Light, Tang and MiO. The North American Grocery Export Business products and brands span all grocery business lines, except for powdered and liquid concentrate beverages and certain products sold under brands, such as Philadelphia cream cheese and Kraftmayonnaise, which marketed and sold locally by Kraft ParentCo in countries outside the United States and Canada.
Advisors' Opinion:- [By Tom Taulli]
Valuation. PEP stock is a bit pricey, with a trailing P/E of 20. Meanwhile,�Dr. Pepper Snapple�� (DPS) goes for 15 times trailing earnings and Kraft�(KRFT) goes for just 17.�The dividend for Pepsi stock is decent, though, currently yielding 2.7%.
- [By Rick Aristotle Munarriz]
Alamy From a surprisingly strong retailer report to a coffee giant paying a big price for breaking a contract, here are the best and worst of the business world this week. Snapchat -- Loser If Facebook (FB) offers you a $3 billion check, do you really turn it down? Sources this week reported that Facebook offered the makers of Snapchat -- the popular app that allows users to send photos and short videos that disappear after a brief amount of time -- a whopping $3 billion buyout. Snapchat passed on the deal. Now, it's easy to reflect back several years ago when Facebook rebuffed a buyout offer for a little more than $1 billion. Some ridiculed Facebook's decision at the time, but it's a $120 billion company now. However, at least Facebook had a clear path to monetization. Snapchat may be soaring in popularity with teens sending risque snapshots, taunts, and jokes to one another, but the moment you begin slapping display ads on the product, it's will find it much harder to sustain that arc. Macy's (M) -- Winner You always want to have healthy momentum going into the telltale holiday quarter, and that's exactly what Macy's did by offering up blowout quarterly results on Wednesday. Sales at department stores open at least a year climbed 3.5 percent, and while heavy promotions were needed to woo shoppers, earnings still managed to soar 22 percent to $0.47 a share. Analysts were settling for a profit of $0.39 a share. It's unlikely that the many retailers reporting next week will be as upbeat, but for one chain at least this really was a miracle on 34th Street. Starbucks (SBUX) -- Loser Starbucks chose to break free of its retail distribution contract with Kraft Foods (KRFT) two years ago, and now the java giant's been slapped with a $2.8 billion judgment. Yes, Starbucks is good for the money, but it's still a pretty stiff price to pay for backing out of a deal. The $2.8 billion is just a little less than what Starbucks has earned over the past two years combi
- [By Tamara Rutter]
As you may remember, Kraft Foods (NASDAQ: KRFT ) spun off its North American grocery business last year and changed its name to Mondelez International. With billion-dollar brands under its belt including Oreo and Cadbury chocolate, joining forces with Pepsi could put both companies on the fast track to growth in emerging markets, such as China and India.
- [By MONEYMORNING]
Although not a household name, most Americans would easily recognize Mondelez International Inc.'s (Nasdaq: MDLZ) family of brands, which includes Nabisco, Cadbury, Trident gum, and Tang. The company was spun off last year from Kraft Foods Group Inc. (Nasdaq: KRFT).
5 Best Transportation Stocks To Buy For 2015: Hellenic Sugar Industry SA (HSI)
Hellenic Sugar Industry SA is a Greece-based company engaged in the production and trade of white crystal sugar and its by-products, such as molasses and sugar beet seed. Its principal activities include the manufacture of all types of sweetener products and general kneading products; the production and processing of sugar beet and other plants; the production of raw materials for sugar production; the establishment, equipping and exploitation of sugar producing factories; conducting scientific research in all fields of activity of the Company; the trade and standardization of sugar products, by-products, raw materials, multiple materials, agricultural products and machinery, and carrying out agro-industrial activities in Greece and abroad. The Company has five sugar factories and one seed processing factory in Greece. Advisors' Opinion:- [By Ian Sayson]
The MSCI Asia Pacific Index dropped 4.1 percent to 127.66 as of 7:33 p.m. in Tokyo, heading for its biggest loss since Sept. 11, 2011. Almost nine shares fell for each that rose. Hong Kong�� Hang Seng Index (HSI) erased all gains since Sept. 13, when the Fed pledged to keep buying assets until it saw ��ngoing, sustained improvement��in the U.S. labor market.
- [By Adam Haigh]
Hong Kong�� Hang Seng Index (HSI) fell 2.8 percent this week, a fifth week of declines, making it the worst performer among the world�� developed equity markets, according to data compiled by Bloomberg. The Hang Seng China Enterprises gauge fell 5.1 percent, taking the decline to 21 percent, and pushing the so-called H-shares into a bear market.
5 Best Food Stocks To Buy Right Now: Sysco Corporation(SYY)
Sysco Corporation, through its subsidiaries, distributes food and related products primarily to the foodservice or food-away-from-home industry in North America and Europe. The company offers a line of frozen foods, such as meats, fully prepared entrees, fruits, vegetables, and desserts; a line of canned and dry foods; fresh meats, custom-cut fresh steaks, other meat, seafood, and poultry; dairy products; beverage products; imported specialties; and fresh produce. It also supplies various non-food items, including paper products, such as disposable napkins, plates, and cups; tableware, which include china and silverware; cookware comprising pots, pans, and utensils; restaurant and kitchen equipment and supplies; and cleaning supplies. In addition, the company offers personal care guest amenities, equipment, housekeeping supplies, room accessories, and textiles to the lodging industry. It serves restaurants, hospitals and nursing homes, schools and colleges, hotels and mote ls, lodging establishments, and other foodservice customers. Sysco Corporation was founded in 1969 and is headquartered in Houston, Texas.
Advisors' Opinion:- [By Ben Levisohn]
Sysco (SYY) doesn’t move look this. Really, it doesn’t.
Sysco’s shares have gained 4.51% to $34.03 at 1:22 p.m. today, which, if the stock closed there now, would be the biggest gain since August 2012. It’s also just the 31st time in 2612 trading days that Sysco has move 4.51% or more in either direction in a single day, just 1.2% of the time. It also has a beta, or volatility relative to the S&P 500, of just 0.62.
Most of the big-move days, I imagine, are like today, when Sysco got a big boost from its fiscal first-quarter earnings report. MarketWatch has the details:
For the period ended Sept. 28, Sysco reported a profit of $285.6 million, or 48 cents a share, down from $286.6 million, or 49 cents a share, a year earlier. Excluding restructuring-related expenses and other items, adjusted earnings were lower at 56 cents from 58 cents. Revenue increased 5.7% to $11.71 billion.
Analysts polled by Thomson Reuters recently expected per-share earnings of 48 cents and revenue of $11.62 billion.
Today’s move is quite a turnaround for Sysco, which plunged more than 4% on August 12 after releasing a disappointing earnings report.
Guggenheim’s John Heinbockel and Steven Forbes remain unconvinced that Sysco has fixed its problems:
We remain Neutral-rated on Sysco, believing that an ongoing challenging economic environment and pressure on gross margin to drive top-line growth (and market share) will limit EBIT growth over at least the next few quarters. The longer-term outlook could be better, as some benefit is derived from ERP, but uncertain. The shares are rising 4% pre-market (vs. a 0.40% increase in the S&P 500), possibly on lower BTS expenses as well as a greater-than-expected CP-funded share buyback. We would remain on the sidelines and expect other names, like Family Dollar (FDO), Kroger (KR), and Five Below (FIVE) to outperform from here.
Try telling that to the mark
5 Best Food Stocks To Buy Right Now: McCormick & Company Inc (MKC)
McCormick & Company, Incorporated (McCormick) manufactures, markets and distributes spices, seasoning mixes, condiments and other flavorful products to the food industry, retail outlets, food manufacturers and foodservice businesses. The Company�� sales, distribution and production facilities are located in North America and Europe. Additional facilities are based in China, Australia, Mexico, India, Singapore, Central America, Thailand and South Africa. The Company operates in two business segments: consumer and industrial. During the fiscal year ended November 30, 2011, the Company�� consumer business contributed 59% of sales and 79% of operating income and the industrial business contributed 41% of sales and 21% of operating income.
McCormick�� products are sold directly to customers and also through brokers, wholesalers, and distributors. In the consumer segment, products are resold to consumers through a range of retail outlets, including grocery, mass merchandise, warehouse clubs, discount, and drug stores under a range of brands. In the industrial segment, products are used by food and beverage manufacturers as ingredients for their finished goods and by food service customers as ingredients for menu items to enhance the flavor of their foods. Customers for the industrial segment include food manufacturers and the foodservice industry supplied both directly and indirectly through distributors.
Consumer Business
The Company�� brands in the Americas include McCormick, Lawry�� and Club House. The Company also markets brands, such as Zatarain��, Thai Kitchen and Simply Asia. In Europe, the Middle East and Africa (EMEA) its brands include the Ducros, Schwartz and Kamis brands of spices, herbs and seasonings and a line of Vahine brand dessert items. In the Asia/Pacific region its primary brand is McCormick, with the exception of India where its joint venture owns and trades under the Kohinoor brand. The Company�� customers span a variety of retail o! utlets that include grocery, mass merchandise, warehouse clubs, discount and drug stores, served directly and indirectly through distributors or wholesalers. In addition to marketing its products to these customers, the Company is also a supplier of private label items, also known as store brands. More than 250 other brands are sold in the United States with additional brands in international markets.
Industrial Business
In its industrial business, the Company provides a range of products to multinational food manufacturers and foodservice customers. The foodservice customers are supplied both directly and indirectly through distributors. Its range of products include seasoning blends, natural spices and herbs, wet flavors, coating systems and compound flavors. In addition to a broad range of flavor solutions, we strive to achieve customer intimacy.
Advisors' Opinion:- [By Dan Caplinger]
On Thursday, McCormick (NYSE: MKC ) will release its latest quarterly results. With a solid history of delivering regular dividend growth, McCormick shares got very popular during the bull market, but the rise in interest rates have caused some to question whether the stock has gotten ahead of its fundamentals.
- [By Jason Moser]
McCormick (NYSE: MKC ) �
I still gush about my trip to the McCormick spice factory in Hunt Valley, Md. As someone who cooks a decent bit, it was just really cool to see how the operation works. It's more than just "spices"; it's science. They have labs where they perform research and try new things; it was just really cool. But I'm not picking this stock with my heart. Nope, I also love the fact that McCormick has a spot in virtually every pantry in the country. Open yours up, I bet you have a McCormick product in there. And it's this ubiquitous presence that has helped McCormick grow sales at a 7% annualized clip over the past five years. - [By Caroline Bennett]
McCormick (NYSE: MKC ) has named Lawrence Kurzius president, global consumer and chief administrative officer.
Kurzius will take the position July 1, the company announced today. He will be responsible for McCormick's global consumer business, along with a number of corporate tasks such as IT, R&D, and quality assurance. Additionally, Kurzius will take over the chair of McCormick's Global Consumer Strategy Council.
- [By Brian Pacampara]
Based on the aggregated intelligence of 180,000-plus investors participating in Motley Fool CAPS, the Fool's free investing community, spices and seasonings specialist McCormick & Co. (NYSE: MKC ) has earned a coveted five-star ranking.
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