We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Zacks Investment Ideas feature highlights: The Hershey Company, Lamb Weston and Inter Parfums
Read MoreHide Full Article
For Immediate Release
Chicago, IL – March 14, 2023 – Today, Zacks Investment Ideas feature highlights The Hershey Company (HSY - Free Report) , Lamb Weston (LW - Free Report) and Inter Parfums (IPAR - Free Report) .
3 Stocks Tailored for a Defensive Approach
Negative sentiment has flowed into the market following the crumbling of Silicon Valley Bank (SVB), with many financial stocks feeling the drag.
With uncertainty and volatility temporarily gripping the market, revisiting defensive areas of the market, such as the Consumer Staples sector, may be worthwhile.
Three top-ranked stocks from the Zacks Consumer Staples sector –The Hershey Company, Lamb Weston and Inter Parfums – could all be considerations for investors looking to shore up defensive capabilities.
On top of improved earnings outlooks, all three pay dividends, providing another beneficial advantage. Let's take a closer look at each one.
Lamb Weston
Lamb Weston Holdings is a leading global manufacturer, marketer, and distributor of value-added frozen potato products. Over the last several months, the company's bottom line outlook has improved across all timeframes, landing it into a Zacks Rank #2 (Buy).
Lamb Weston delivered a big-time beat in its latest quarterly release, exceeding the Zacks Consensus EPS Estimate by more than 70%. Quarterly revenue totaled $1.3 billion, 10% ahead of expectations and growing 30% year-over-year.
The market cheered on the quarterly results, continuing a trend already well in place.
And to top it off, LW's annual dividend presently stands at 1.1%, with the company's payout growing by more than 6% over the last five years.
The Hershey Company
The Hershey Company is the largest chocolate manufacturer in North America and a global leader in chocolate and non-chocolate confectionery. The stock presently sports a Zacks Rank #2 (Buy).
In addition, the company's bottom line is expected to expand nicely, with the $9.39 Zacks Consensus EPS Estimate for its current fiscal year (FY23) suggesting a double-digit 10% year-over-year uptick. And in FY24, earnings are forecasted to grow a further 8%.
While Hershey's 1.7% annual dividend yield remains below the Zacks Consumer Staples sector average, its 9% five-year annualized dividend growth rate helps bridge the gap.
Inter Parfums
Inter Parfums is engaged in the manufacturing, distribution, and marketing of an extensive range of fragrances and related products.
Inter Parfums impressed in its latest quarterly release, beating bottom-line expectations by more than 100% and delivering an 11% revenue surprise. Below is a chart illustrating the company's strong revenue trend on a quarterly basis.
Like LW, market participants took the better-than-expected results in stride, sending Inter Parfums shares soaring post-earnings for the second consecutive instance.
The company has been committed to increasingly rewarding its shareholders, growing its dividend payout by more than 15% just over the last five years. Presently, IPAR's dividend yields 1.5% annually.
Bottom Line
Following the fallout from Silicon Valley Bank, some investors could find interest in visiting sectors that provide a higher level of defense, including Consumer Staples.
These companies' products can generate demand in the face of many economic situations, helping explain why they're generally seen as defensive.
And all three stocks from the Zacks Consumer Staples sector above – Hershey, Lamb Weston and Inter Parfums – could be considerations for those looking to enhance defensive capabilities.
Why Haven't You Looked at Zacks' Top Stocks?
Since 2000, our top stock-picking strategies have blown away the S&P's +6.2 average gain per year. Amazingly, they soared with average gains of +46.4%, +49.5% and +55.2% per year. Today you can access their live picks without cost or obligation.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performancefor information about the performance numbers displayed in this press release.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Zacks Investment Ideas feature highlights: The Hershey Company, Lamb Weston and Inter Parfums
For Immediate Release
Chicago, IL – March 14, 2023 – Today, Zacks Investment Ideas feature highlights The Hershey Company (HSY - Free Report) , Lamb Weston (LW - Free Report) and Inter Parfums (IPAR - Free Report) .
3 Stocks Tailored for a Defensive Approach
Negative sentiment has flowed into the market following the crumbling of Silicon Valley Bank (SVB), with many financial stocks feeling the drag.
With uncertainty and volatility temporarily gripping the market, revisiting defensive areas of the market, such as the Consumer Staples sector, may be worthwhile.
Three top-ranked stocks from the Zacks Consumer Staples sector –The Hershey Company, Lamb Weston and Inter Parfums – could all be considerations for investors looking to shore up defensive capabilities.
On top of improved earnings outlooks, all three pay dividends, providing another beneficial advantage. Let's take a closer look at each one.
Lamb Weston
Lamb Weston Holdings is a leading global manufacturer, marketer, and distributor of value-added frozen potato products. Over the last several months, the company's bottom line outlook has improved across all timeframes, landing it into a Zacks Rank #2 (Buy).
Lamb Weston delivered a big-time beat in its latest quarterly release, exceeding the Zacks Consensus EPS Estimate by more than 70%. Quarterly revenue totaled $1.3 billion, 10% ahead of expectations and growing 30% year-over-year.
The market cheered on the quarterly results, continuing a trend already well in place.
And to top it off, LW's annual dividend presently stands at 1.1%, with the company's payout growing by more than 6% over the last five years.
The Hershey Company
The Hershey Company is the largest chocolate manufacturer in North America and a global leader in chocolate and non-chocolate confectionery. The stock presently sports a Zacks Rank #2 (Buy).
In addition, the company's bottom line is expected to expand nicely, with the $9.39 Zacks Consensus EPS Estimate for its current fiscal year (FY23) suggesting a double-digit 10% year-over-year uptick. And in FY24, earnings are forecasted to grow a further 8%.
While Hershey's 1.7% annual dividend yield remains below the Zacks Consumer Staples sector average, its 9% five-year annualized dividend growth rate helps bridge the gap.
Inter Parfums
Inter Parfums is engaged in the manufacturing, distribution, and marketing of an extensive range of fragrances and related products.
Inter Parfums impressed in its latest quarterly release, beating bottom-line expectations by more than 100% and delivering an 11% revenue surprise. Below is a chart illustrating the company's strong revenue trend on a quarterly basis.
Like LW, market participants took the better-than-expected results in stride, sending Inter Parfums shares soaring post-earnings for the second consecutive instance.
The company has been committed to increasingly rewarding its shareholders, growing its dividend payout by more than 15% just over the last five years. Presently, IPAR's dividend yields 1.5% annually.
Bottom Line
Following the fallout from Silicon Valley Bank, some investors could find interest in visiting sectors that provide a higher level of defense, including Consumer Staples.
These companies' products can generate demand in the face of many economic situations, helping explain why they're generally seen as defensive.
And all three stocks from the Zacks Consumer Staples sector above – Hershey, Lamb Weston and Inter Parfums – could be considerations for those looking to enhance defensive capabilities.
Why Haven't You Looked at Zacks' Top Stocks?
Since 2000, our top stock-picking strategies have blown away the S&P's +6.2 average gain per year. Amazingly, they soared with average gains of +46.4%, +49.5% and +55.2% per year. Today you can access their live picks without cost or obligation.
See Stocks Free >>
Media Contact
Zacks Investment Research
800-767-3771 ext. 9339
support@zacks.com
https://www.zacks.com
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performancefor information about the performance numbers displayed in this press release.