Jefferies has downgraded its rating on Nestlé (NESW.SW) from ‘buy’ to ‘hold’ on Friday, saying that its ‘good work’ over the past three years has now been ‘priced in.’ To continue to re-rate, Nestlé needs to deliver decisively against its 2020 ‘mid-single digit’ growth guidance, the US broker said. ‘This feels too much of a…
S&P Dow Jones Indices today announced the annual rebalancing results for the S&P 500 Dividend Aristocrats. As a result, 7 new companies will be added to the S&P 500 Dividend Aristocrats Index. These changes will be effective prior to the open on February 3, 2020. This means that S&P 500 Dividend Aristocrats Index will grow…
Jefferies has increased the advice for Unilever from “Hold” to “Buy” and has raised its target price from 53 euros to 59 euros. The analysts at Jefferies expect that the Unilever management will take more measures, for example by cutting the portfolio, in order to raise the growth expectations in order to keep activist shareholders…
The DAX is a European index comprised of the 30 largest and most traded companies in Germany. It represents around 80 percent of the market capitalization of listed stock corporations in Germany. The DAX-index can be a great source for investors that are looking for European blue-chip dividend stocks. Members have direct access to detailed…
Dividend King Procter & Gamble (PG) reported mixed results for its fiscal second quarter. The company came out with quarterly earnings of $1.42 per share, beating the consensus estimate of $1.37 per share. However, the quarterly revenue fell short of estimates for the first time in five quarters mainly hurt by a stronger dollar. China…
Dividend Aristocrat V.F. Corporation (VFC), Vans & Timberland parent company, beats Q3 earnings expectations but misses on revenue as sales increase 4.6% year-on-year while adjusted earnings-per-share rose 14%. The company expects fiscal 2020 revenue from continuing operations of about $11.75 billion and adjusted EPS of $3.30. This is below the FactSet consensus EPS of $3.37…
Dividend Aristocrat Kimberly-Clark earnings beat expectations, raises 2020 dividend. Dividend Aristocrat Kimberly-Clark (KMB) has reported adjusted EPS that is up 7% at $1.71 for Q4-2019, just one cent above the consensus, for revenue that is flat at 4.6 billion dollars. Kimberly-Clark, which in particular owns the Huggies and Kleenex brands, 2019 full-year adjusted EPS is…
The world’s largest healthcare company and dividend aristocrat Johnson & Johnson (JNJ) beat earnings expectations but missed on revenue as revenue increases 1.8% year-on-year while adjusted earnings-per-share fell 4.6%. JNJ reported revenue of $20.75 billion, which was just $80 million below the average Wall Street estimate. The adjusted earnings of $1.88 per share surpassed expectations…
Dividend aristocrat Abbott Laboratories (ABT) reports 7.1% revenue growth and 17% growth in adjusted earnings-per-share; announces better-than-expected guidance for Q1. ABBOTT Posts strong 2019 results ABT stock rose Wednesday after the medical technology company beat fourth-quarter revenue expectations and issued strong 2020 sales guidance. The stock ended up +2.13 (+2.37%), trading at $91.86. The Q4-figure…
Dividend Aristocrat PPG Industries (NYSE:PPG) lost $-2.52 (-1.94%) and closed at $127.41 yesterday after missing Q4 earnings expectations and warning of uncertain conditions for 2020. Below the PPG-Industries price chart for the last month and last year. PPG reported fourth-quarter net sales of nearly $3.7 billion, approximately 1% higher than the prior-year and up…