Streetbeat News

Dividends

MDLZ

Mondelez International Inc's (MDLZ) shares are trading lower by 5.6% due to potential impact of weight-loss drugs on food sales as suggested by Walmart. The shift towards health-consciousness and weight management could reduce demand for snacks and treats produced by Mondelez. Rising yields could also negatively impact dividend stocks like Mondelez, leading to a potential shift of investments away from such stocks.

Portfolio Pulse from Henry Khederian

October 06, 2023 | 2:40 pm

LXU

SUZ

Benzinga Insights has identified five value stocks in the basic materials sector that may be worth watching: Suzano (SUZ), Cemex (CX), United States Steel (X), LSB Industries (LXU), and CF Industries Holdings (CF). The selection is based on low P/E multiples, indicating potential undervaluation. Recent earnings per share and dividend yield changes for each company are also reported.

Portfolio Pulse from Benzinga Insights

October 06, 2023 | 2:39 pm

LPG

Dorian LPG has declared an irregular cash dividend of $1.00 per share, payable on or about November 2 to all shareholders of record as of the close of business on October 20. The total dividends to be paid will amount to approximately $40.6 million.

Portfolio Pulse from Benzinga Newsdesk

October 06, 2023 | 2:14 pm

CAG

GSK

MGM

MSFT

NFLX

NVDA

NVO

PHG

PYPL

SHEL

SNAP

TSM

UBER

The article discusses various regulatory, financial, and operational updates from multiple companies. Key points include potential delays in the PGA Tour and LIV Golf merger due to regulatory concerns, Snap Inc facing UK regulatory hurdles over privacy concerns, Philips' ventilator device recall facing FDA's discontent, Micron's $15B investment in a new Idaho facility, Novo Nordisk's weight loss drugs posing serious stomach risks, Shell revising its Q3 FY23 operational outlook, MGM Resorts expecting a $100M blow from a recent cybersecurity breach, GSK cutting stake in Haleon, TSMC's earnings fueled by AI demand, Netflix's growth issues in India, Uber facing legal hurdles in EU, ConAgra considering a makeover in portion sizes amid diet drug wave, PayPal facing a class-action suit accused of forcing higher price, Nvidia, Intel, Qualcomm challenging Biden's China restrictions, and Microsoft nearing the completion of Activision Blizzard acquisition.

Portfolio Pulse from Vandana Singh

October 06, 2023 | 2:05 pm

CAG

ConAgra Brands Inc (NYSE:CAG) reported better-than-expected earnings for its first quarter, with sales of $2.90 billion and adjusted EPS of $0.66. The company reaffirmed FY24 organic net sales growth of 1% and adjusted EPS of $2.70-$2.75. ConAgra offers an annual dividend yield of 5.38%, which is a quarterly dividend amount of 35 cents per share. To earn $500 per month from dividends alone, an investment of approximately $111,436 or around 4,286 shares would be needed.

Portfolio Pulse from Priya Nigam

October 06, 2023 | 1:04 pm

CRWD

FTV

PXD

XOM

On CNBC's 'Halftime Report Final Trades', ExxonMobil Corporation was mentioned for its 3.2% dividend yield and share buyback. ExxonMobil is reportedly acquiring Pioneer Natural Resources Co. for approximately $60 billion. Fortive Corporation was named by Karen Firestone of Aureus Asset Management, highlighting its Q2 sales growth of 4.3% YoY. Joshua Brown of Ritholtz Wealth Management picked CrowdStrike Holdings, Inc., which recently launched cybersecurity's first zero-code application development platform.

Portfolio Pulse from Priya Nigam

October 06, 2023 | 12:55 pm

APOG

Apogee Enterprises Inc (NASDAQ:APOG) has increased its existing share repurchase authorization by 2 million shares, bringing the total available share repurchase program to approximately 2.97 million shares. The company's Board of Directors has also declared a quarterly cash dividend of $0.24 per share, payable on November 8, 2023. The company held $18.42 million in cash and equivalents as of August 26, 2023.

Portfolio Pulse from Shivani Kumaresan

October 06, 2023 | 12:46 pm

BLMN

DKS

NWL

Three consumer stocks with over 3% dividend yields have been recommended by Wall Street's most accurate analysts. These include Newell Brands Inc. (NWL), DICK'S Sporting Goods, Inc. (DKS), and Bloomin' Brands, Inc. (BLMN). Recent news for these companies include a charge against Newell Brands by the SEC for misleading investors, Dick's Sporting Goods' plan to hire 8,600 seasonal workers for the holiday season, and Bloomin' Brands' Q2 sales growth of 2.4% YoY.

Portfolio Pulse from Lisa Levin

October 06, 2023 | 12:31 pm

APOG

Apogee Enterprises, Inc. (NASDAQ:APOG) has announced a quarterly cash dividend of $0.24 per share, payable on November 8, 2023. The company's Board has also increased the existing share repurchase authorization by 2 million shares, bringing the total to approximately 2.97 million shares.

Portfolio Pulse from Benzinga Newsdesk

October 06, 2023 | 10:35 am

PepsiCo, Inc. (NYSE:KO) shares are trading lower by 5.03% due to a decrease in shopping demand as a result of the use of appetite-suppressing medications and overall market weakness. The rise in Treasury yields and the potential shift of investors from dividend-yielding stocks to fixed-income investments like bonds due to increasing interest rates could further exert downward pressure on Pepsi's stock price.

Portfolio Pulse from Henry Khederian

October 05, 2023 | 7:58 pm