Latest news with #FMCG
Yahoo
11 hours ago
- Business
- Yahoo
Bubs Australia appoints former Fonterra executive as new CEO
Bubs Australia has appointed its second CEO in almost two years, naming former Fonterra executive Joe Coote to head up the infant-formula maker. Coote takes up the role with immediate effect, Bubs said in a stock exchange filing today (28 July). Reg Weine, who became CEO in August 2023, is leaving the company. Weine had replaced interim chief Richard Paine, who stepped in to fill the role when founder and former chief executive Kristy Carr was axed in May of that year. Coote brings over 20 years of leadership experience in the FMCG sector, including dairy and infant nutrition. Most recently, he was CEO of Darigold, the fourth-largest dairy cooperative in the US, overseeing more than $2bn in global sales, according to the filing. Prior to that, he spent 12 years at Asia-Pacific dairy giant Fonterra, including president of the US division. Bubs' chair Katrina Rathie said: "We are confident Joe will execute Bubs' domestic and international growth ambitions with discipline and agility to create sustainable value for our shareholders. "His proven track record in driving operational excellence and leading large-scale transformations across international markets will be instrumental in expanding our premium clean-label goat and grass-fed dairy product portfolio across key export destinations, including the USA, China and other Asian markets." Coote will be paid an annual salary of A$750,000 ($489,452m), according to the filing. The incoming CEO said: 'After 15 years abroad building global brands, it's a privilege to return home and channel my experience into leading an Australian brand that's redefining premium infant nutrition. "I'm excited to lead the Bubs' team to build a world-class infant-nutrition brand that delivers exceptional outcomes for our shareholders and families the world over.' Bubs also issued its unaudited financial results today for the 2025 fiscal year. Established in 2006, the company produces the brands A2 Beta-Casein Protein, Organic Grass-fed, and Easy-Digest Goat Milk Infant Formula, as well as an organic baby food range. Revenue rose 29% to A$102.5m. However, its gross profit margin dropped by 140 basis points to 47.2%. In the US, described as the company's 'best-performing market', Bubs registered 52% revenue growth, generating A$53m by leveraging the 'growing premium IMF segment'. In China, net revenue grew by 22%, reflecting 'strong' cross-border e-commerce sales of goat and supreme formulas. In Australia, net revenue rose by 8%, while the rest of the world markets, including Vietnam and Japan, saw a 44% increase. The company projects a full-year EBITDA of A$5.5m to A$6m, a turnaround from the previous year's A$19.8m loss. "Bubs Australia appoints former Fonterra executive as new CEO" was originally created and published by Just Food, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
14 hours ago
- Business
- Yahoo
Piper Sandler Reduces PT on The Campbell's Company (CPB) Stock
The Campbell's Company (NASDAQ:CPB) is one of the Best Mid Cap FMCG Stocks to Buy Now. Piper Sandler reduced the price objective on the company's stock to $35 from $41, while keeping an 'Overweight' rating on the shares, as reported by The Fly. The firm has updated its estimates for 2026 headwinds, mainly tariffs, which could impact the EPS. However, the firm believes that M&B (Meals & Beverages)'s sustainable momentum is expected to continue in 2026, but The Campbell's Company (NASDAQ:CPB) also has tough comparable sales. A woman preparing a meal using packaged foods with V8 juices and the other products of the company in the background. The Campbell's Company (NASDAQ:CPB) delivered strong Q3 2025 results, which surpassed expectations, partially because of favorable shipment timing. In Meals & Beverages, the company continues to see improvement in consumption throughout all consumer income groups. In Snacks, there was a mixed performance across the portfolio. While The Campbell's Company (NASDAQ:CPB) is benefiting from some robust innovation launches, it continues to adjust its plans to ensure competitiveness across the full brand portfolio. Overall, its performance showcased healthy execution and disciplined cost management. As of the end of Q3 2025, The Campbell's Company (NASDAQ:CPB) delivered ~$110 million of savings under the $250 million cost savings program, which was announced in September 2024. The Campbell's Company (NASDAQ:CPB) manufactures and markets food and beverage products. While we acknowledge the potential of CPB as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 13 Cheap AI Stocks to Buy According to Analysts and 11 Unstoppable Growth Stocks to Invest in Now Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
14 hours ago
- Business
- Yahoo
Wells Fargo Reduces PT on Lamb Weston Holdings, Inc. (LW) Stock
Lamb Weston Holdings, Inc. (NYSE:LW) is one of the Best Mid Cap FMCG Stocks to Buy Now. Wells Fargo reduced the target price on the company's stock to $65 from $70, while keeping an 'Overweight' rating, as reported by The Fly. The firm is aggregating models throughout Beverage/Food/HPC and updating the price targets. Notably, the firm highlighted that its target price to earnings is the discount to historical trading ranges, considering the limited near-term volume visibility. Potatoes being sorted on a conveyor belt in a modern packing facility. Lamb Weston Holdings, Inc. (NYSE:LW) has engaged AlixPartners, which is a leading global business advisory firm, to help it evaluate opportunities for near- and long-term value creation and cost savings. In the in-home consumption space, Lamb Weston Holdings, Inc. (NYSE:LW) recently rolled out new private-label products throughout the grocery and club channels. Overall, the company remains focused on identifying new and growing customers to fuel long-term sustainable growth in its business. In North America, Lamb Weston Holdings, Inc. (NYSE:LW) launched new battered and seasoned products, and fridge-friendly fries and tots, improving its addressable market. In the North America retail channel, the company has expanded its licensed brand portfolio to include Onion Rings and Cheesy Potato Bites. Lamb Weston Holdings, Inc. (NYSE:LW) is engaged in the production, distribution, and marketing of frozen potato products. While we acknowledge the potential of LW as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 13 Cheap AI Stocks to Buy According to Analysts and 11 Unstoppable Growth Stocks to Invest in Now Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
14 hours ago
- Business
- Yahoo
Jefferies Raises PT on Darling Ingredients (DAR) Stock
Darling Ingredients Inc. (NYSE:DAR) is one of the Best Mid Cap FMCG Stocks to Buy Now. Jefferies lifted the price target on the company's stock to $46 from $45, while keeping a 'Buy' rating, as reported by The Fly. As per the firm, Street estimates for Q2 2025 are high, and it anticipates them to trend lower. However, it also sees upside to the estimates for H2 and remains constructive, with macro conditions beginning to improve, opines the firm analyst. Amidst the broader challenges witnessed by the biofuel industry during H1 2025, Darling Ingredients Inc. (NYSE:DAR)'s core business performed well, leading to the overall positive cash flow and showcasing stability in a volatile business environment. A selection of pet food ingredients being prepared in a kitchen for quality and safety testing. Darling Ingredients Inc. (NYSE:DAR) highlighted that the positive narrative related to renewable fuels public policy appears to be encouraging, which has been fueling strong market demand for domestic fats. The company expects its core business to continue to perform well, generating cash and allowing it to continue to de-lever the balance sheet and opportunistically repurchase shares. The net cash provided by operating activities amounted to $248.9 million. Darling Ingredients Inc. (NYSE:DAR) has announced that it has signed a non-binding term sheet with Tessenderlo Group to combine the collagen and gelatin segments of their companies in a new company named Nextida™. The partnership focuses on creating a top-tier, collagen-based health, wellness, and nutrition products company positioned to capitalize on global collagen growth. Riverwater Partners, an investment management company, released its Q4 2024 investor letter. Here is what the fund said: 'Darling Ingredients Inc. (NYSE:DAR) is a global leader in the production of sustainable ingredients derived from animal by-products, food waste, and other organic residuals. The company operates in three segments: Feed, Food, and Fuel. It has significant exposure to renewable energy through its Diamond Green Diesel JV with Valero Energy Corporation (VLO), which produces renewable diesel and sustainable aviation fuel. This business should start to see a significant ramp in 2025. Darling's vertically integrated operations support the circular economy, focusing on reducing waste and creating value-added products like biofuels, collagen, and specialty food ingredients. Darling trades for 11x Wall Street's 2025 earnings estimate.' Darling Ingredients Inc. (NYSE:DAR) supports the FMCG industries as it supplies critical raw materials utilised in food, cosmetics, and household products. While we acknowledge the potential of DAR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 13 Cheap AI Stocks to Buy According to Analysts and 11 Unstoppable Growth Stocks to Invest in Now Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
14 hours ago
- Business
- Yahoo
Wells Fargo Reduces PT on Post Holdings (POST) Stock
Post Holdings, Inc. (NYSE:POST) is one of the Best Mid Cap FMCG Stocks to Buy Now. Wells Fargo reduced the price target on the company's stock to $117 from $120, while keeping an 'Equal Weight' rating, as reported by The Fly. The firm has been aggregating models throughout Beverage/Food/HPC and is updating price targets. The firm noted that this is approximately in line with the current NTM trading EV/EBITDA. However, it is just below the 3/5 year historical averages of 9.9x/10.2x as a result of category headwinds and leverage exposure. A variety of grocery items in their respective aisles of a superstore representing the company brand. Post Holdings, Inc. (NYSE:POST) announced that it has completed the acquisition of 8th Avenue Food & Provisions, Inc. With this acquisition, Post Holdings, Inc. (NYSE:POST) enhanced its strategy of tactical private label positioning alongside leading brands. This acquisition internalizes the manufacturing of Post Holdings, Inc. (NYSE:POST)'s Peter Pan® peanut butter, representing the company's entry into the dry pasta category with leading brand Ronzoni®, and allows increased participation in the growing granola sub-category of ready-to-eat cereal. With respect to Foodservice, for Q2 2025, net sales came in at $607.9 million, reflecting a rise of 9.6%, or $53.1 million, as compared to the prior-year period. Volumes went up by 2.8%, thanks to the inclusion of ready-to-drink shakes in the current-year period, partially offset by declines in egg and potato volumes. Post Holdings, Inc. (NYSE:POST) operates as a consumer-packaged goods holding company. While we acknowledge the potential of POST as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 13 Cheap AI Stocks to Buy According to Analysts and 11 Unstoppable Growth Stocks to Invest in Now Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
