AUS
NZ
UK
CA
USA
FRA
GER
ESP
ITA
NLD
PRT
SWE
GRC
IND
POL
BRA
ZAF
RUS
CHN
UAE
Highlights
- Darling Ingredients’ (NYSE:DAR) net income surged to US$196.6 million in Q2 from US$65.4 million in the year-ago quarter.
- Kellogg Company’s (NYSE:K) net income rose to US$351 million in Q2 from US$286 million last year.
- General Mills’ (GIS) total revenue declined to US$4.5 billion in Q4 this year from US$5 billion in the same quarter last year.
Food stocks are companies that offer food and non-alcoholic beverages. They include grocery, fruits and vegetable products, and food distribution companies, among others. However, restaurants are not considered in this list.
Consumer non-durable goods are always in demand, and hence, their regular supplies are important. Unfortunately, these businesses were hit during the pandemic, especially those which had no e-commerce platform. However, things are looking up with rapid vaccinations and the reopening of markets.
Here we look at four food stocks making a splash in the market.
Darling Ingredients Inc. (NYSE:DAR)
The company produces both human and pet food products. DAR stock traded at US$76.125 at 10.24 am ET on August 12, up 1.26 percent from the August 11 closing price. The stock gained 30.84 YTD.
Its market cap is US$12.3 billion, with a P/E of 25.62 and the forward P/E one year of 21.82. The EPS is US$2.95.
Also read: Why is PepsiCo (NASDAQ:PEP) selling Tropicana, other juice brands?
Source: Pixabay.
DAR’s 52-week highest and lowest stock price was US$79.65 and US$31.45. The share volume is 226,391.
Its total revenue in Q2 was US$1.1 billion against US$848 million in Q2 of last year. Its net income was US$196.6 million against US$65.4 million last year.
General Mills, Inc. (GIS)
The stock of the food manufacturer and marketer was trading at US$59.18 at 10.40 am ET on August 12, up 0.20 percent from the August 11 closing price. The stock value of GIS surged by 0.54 percent YTD.
The market cap of the snacks and pet food maker is USS$35.9 billion. Its P/E ratio is 15.66, the forward P/E one year is 15.68, and the EPS is US$3.78. Its annual dividend is US$2.04. GIS’ 52-week highest and lowest stock price was US$65.52 and US$53.96. The share volume is 235,704.
The total revenue of the company for Q4 this year was 4.5 billion against US$5 billion in Q4 last year. The net income for the period was US$416.8 million versus US$625.7 million of Q4 last year.
Kellogg Company (NYSE:K)
The stock of the food manufacturing company traded at US$64.45 at 10.51 am ET on August 12. The stock value of the US-based enterprise surged by 3.50 percent YTD.
This multinational food brand’s market cap is US$21.9 billion, with a P/E ratio of 17.05, and the forward P/E one year of 15.62. Its EPS is US$3.78, while an annual dividend of US$2.32.
The stock’s 52-week highest and lowest value was US$71.65 and US$56.61. The share volume is 148,638
The total revenue of the food processing company for Q2 this year was US$3.5 billion. It was US$3.4 billion in Q2 last year. Its net income for Q2 this year was US$351 million against US$286 million of Q2 last year.
Also read: Which are the popular food and beverage stocks on Wall Street?
Tyson Foods, Inc. (NYSE:TSN)
The stock of meat, chicken, beef, and pork processor traded at US$79.75 at 10.58 am ET on August 12, down 0.56 percent from the August 11 closing price. TSN gained 23.91 percent YTD.
The market cap of the US’s second-largest meat processor is US$29 billion, with a P/E of 12.21, and the forward P/E one year of 12.45. The EPS and the annual dividend are US$6.53 and US$1.78, respectively.
The TSN’s 52-week highest and lowest stock price was US$81.79 and US$55.82. The share volume is 328,430.
Its Q2 revenue rose to US$12.4 billion from US$10 billion last year. Its net income was US$749 million against US$527 million in Q2 last year.
Bottom line
Food companies saw growth throughout the pandemic due to demand despite some supply constraints in a few geographies. Still, challenges remain due to the spread of the delta virus. It could force governments to reintroduce the social curbs that are bad for business. However, the industry can expect some relief as the vaccinations gain pace and the economic activity improves.
