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1.131437477325E-16 1.131437477325E-16 1.131437477325E-16 1.131437477325E-16 0.00477707006369434 0.00318471337579622 1.131437477325E-16 0.00318471337579622
Stock impact report

2020 Will Be A Banner Year For The Packaged Food Sector [Seeking Alpha]

Kellogg Company (K) 
Last kellogg company earnings: 4/30 08:00 am Check Earnings Report
US:NYSE Investor Relations: investor.kelloggs.com
Company Research Source: Seeking Alpha
SummaryLarge US food manufacturers are well positioned to benefit from COVID-19. Companies are tipped to over-delivering current analyst expectations and raising future guidance.Historically, packaged food companies experience highest sales growth during periods of lower consumer confidence and we expect the benefit from COVID-19 to exceed that of the last recession.Unprecedented retail demand will more than offset food service declines, resulting in higher revenue guidance for the next few quarters. Profit margins should improve with volume leverage, limited commodity inflation.Recommend long positions in Kellogg's (K), Mondelez International (MDLZ), J.M. Smucker (SJM) and General Mills (GIS).Big food has struggled in recent history to keep up with changing consumer preferences, but the overnight change in eating behavior due to the coronavirus (COVID-19) is one that food manufacturers are well-positioned to benefit from. The fallout from the virus represents significant upside for i Show less Read more
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