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Revenues

SYY

During a conference call, a Sysco Corp executive mentioned that consumers are showing signs of fatigue regarding the continuous increases in menu prices. This observation could indicate potential challenges for the food service industry, particularly in maintaining volume amid price hikes.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 3:18 pm

TAP

A Molson Coors executive expressed caution regarding current trends in the beer industry, noting challenges faced by the U.S. beer category this year. Despite some improvement in March, volatility and timing mismatches, such as Easter, have been observed. Retailers have increased space allocation for Coors Light and Miller Lite by 13% in the U.S. during spring resets.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 3:17 pm

LLY

An Eli Lilly executive stated that the demand for incretins will exceed supply for the remainder of this year and possibly into the next year. The supply and demand situation is expected to remain tight in both the near and midterm. Eli Lilly plans to continue investing and increasing production into the next year, with assurances of making the right investments and progressing rapidly in ramping up production.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 3:15 pm

ADM

ADM executive forecasts Q2 2024 global soybean crush margin to be at the lower range, but expects improvement in Brazil's crush margins. The company anticipates strong exports to Mexico benefiting its Carbohydrate Solutions Unit and maintains a positive outlook on demand for flavors and plant-based proteins.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 3:09 pm

WMT

Walmart has inaugurated a new high-tech consolidation center in Minooka, Illinois, spanning over 492,000 square feet and expected to create 700 jobs. This facility, the third of its kind in Walmart's supply chain, will utilize automated technology to triple the volume throughput and enhance supply chain efficiency. It aims to ensure product availability across all 4,700 Walmart stores by facilitating small to medium-sized regional suppliers. The technology will also streamline purchase order fulfillment for suppliers, reduce lead times, and enable faster delivery, with the savings potentially passed on to customers through lower prices.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 3:03 pm

FIS

Analysts have provided mixed ratings for Fidelity National Info (FIS) with a recent average price target of $74.15, reflecting a 9.04% increase from the previous target. The company has seen a revenue decline of -0.59% over the last 3 months and holds a minority stake in Worldpay after selling a majority interest. Despite a lower market capitalization and ROE, FIS maintains a strong net margin of 10.0%.

Portfolio Pulse from Benzinga Insights

April 30, 2024 | 3:01 pm

TROW

T. Rowe Price Gr (NASDAQ:TROW) received mixed analyst ratings with a shift towards more positive assessments in recent months. The average 12-month price target is $111.3, reflecting an 8.48% increase from the previous target. Analysts from firms like Evercore ISI Group, Morgan Stanley, and JP Morgan adjusted their price targets and ratings, indicating a nuanced view of TROW's market performance. T. Rowe Price, with $1.450 trillion in managed assets, shows strong revenue growth and ROE, despite a net margin below industry average.

Portfolio Pulse from Benzinga Insights

April 30, 2024 | 3:01 pm

BEN

Franklin Resources (NYSE:BEN) received mixed analyst ratings in the latest quarter, with a shift towards more bearish perspectives. The average 12-month price target was adjusted to $26.19, down from $27.31, reflecting a 4.1% decline. Analysts from Evercore ISI Group, BMO Capital, Morgan Stanley, and Goldman Sachs adjusted their ratings and price targets, indicating varying expectations for BEN's performance. Franklin Resources, with $1.335 trillion in managed assets, shows below-average market capitalization and revenue growth compared to industry peers, alongside challenges in profitability and asset utilization.

Portfolio Pulse from Benzinga Insights

April 30, 2024 | 3:00 pm

CRTO

Six analysts have recently updated their ratings on Criteo (NASDAQ:CRTO), showing a mix of bullish and neutral stances, with an average 12-month price target of $35.17, indicating a 29.3% increase from the previous target. The updates reflect changes in market conditions and Criteo's performance, with recent financials showing positive revenue growth, high net margin, and strong ROE and ROA, but below-average market capitalization and debt management.

Portfolio Pulse from Benzinga Insights

April 30, 2024 | 3:00 pm

HPCO

Hempacco and Illumination Brands have entered into a non-binding LOI to merge their US operations, retaining the name 'Illumination Brands' and Hempacco's Nasdaq listing. The merger is expected to generate approximately $35M in annual revenues for the combined entity, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 2:55 pm