Warren Buffett often jokes that he gets a quarter of his daily caloric intake from Coca-Cola. But an investment firm is suggesting that Kraft Heinz, which Buffett’s Berkshire Hathaway owns a nearly 27 percent stake in, may want to buy Coke rival Pepsi.
Fixed income research shop CreditSights said in a report this week that Kraft Heinz (KHC) appears to still be itching to do a deal.
European consumer products conglomerate Unilever (UL), the owner of Lipton and Ben & Jerry’s as well as the Dove brand of personal care goods, rejected a more than $140 billion bid from Kraft Heinz earlier this year.
Unilever said at the time that the deal “fundamentally undervalues” the company and that “it sees no merit, either financial or strategic, for Unilever’s shareholders.”
Kraft Heinz subsequently withdrew its offer instead of pursuing it further. And that’s led to speculation ever since about what Kraft Heinz might target next.
The CreditSights analysts noted that Buffett has already ruled out the possibility that Kraft Heinz could buy Mondelez (MDLZ), the Oreo and Cadbury owner that split from Kraft Foods in 2012. (Kraft Foods subsequently merged with Heinz in 2015.)
Top 5 Warren Buffett Stocks For 2018: Allied Motion Technologies, Inc.(AMOT)
- [By Jim Robertson]
On Friday, our Under the Radar Moversnewsletter suggestedsmall cap precision and specialty motion control stock Allied Motion Technologies (NASDAQ: AMOT) as a possible long position:
Top 5 Warren Buffett Stocks For 2018: Franklin Covey Company(FC)
- [By Monica Gerson]
Darden Restaurants, Inc. (NYSE: DRI) is estimated to report its quarterly earnings at $1.08 per share on revenue of $1.81 billion.
ConAgra Foods Inc (NYSE: CAG) is expected to report its quarterly earnings at $0.52 per share on revenue of $2.89 billion.
Paychex, Inc. (NASDAQ: PAYX) is projected to report its quarterly earnings at $0.49 per share on revenue of $751.52 million.
Micron Technology, Inc. (NASDAQ: MU) is expected to post a quarterly loss at $0.09 per share on revenue of $2.95 billion.
McCormick & Company, Incorporated (NYSE: MKC) is estimated to report its quarterly earnings at $0.74 per share on revenue of $1.06 billion.
Constellation Brands, Inc. (NYSE: STZ) is expected to report its quarterly earnings at $1.51 per share.
Schnitzer Steel Industries, Inc. (NASDAQ: SCHN) is estimated to report its quarterly earnings at $0.18 per share on revenue of $356.41 million.
Franklin Covey Co. (NYSE: FC) is expected to post its quarterly earnings at $0.08 per share on revenue of $49.89 million.
Lindsay Corporation (NYSE: LNN) is projected to report its quarterly earnings at $0.99 per share on revenue of $148.43 million.
Posted-In: Earnings scheduleEarnings News Pre-Market Outlook Markets
Top 5 Warren Buffett Stocks For 2018: Silver Wheaton Corp(SLW)
- [By Rich Duprey]
Silver Wheaton (NYSE:SLW), of course, is a streamer like Sandstorm and Franco, but it is the largest in the precious-metals industry, and arguably the best-known, because its business model came to define what streaming is. Although it is known primarily for its silver contracts, Silver Wheaton also has sizable gold production that makes it worth your attention.
Top 5 Warren Buffett Stocks For 2018: Mastercard Incorporated(MA)
- [By Mitchell Clark]
This is a stock to own for the long term. It has an excellent long-term track record. Management just announced another dividend increase and more share repurchases.
Earnings growth in 2016 is expected to accelerate over the performance in 2015. The big credit card brands are institutional favorites.
MasterCard Incorporated’s (NYSE:MA) sales and earnings growth have been quite consistent over the years.
- [By John Ballard]
Partnerships play a crucial role in extending PayPal’s reach to new customers and driving higher engagement. The deal with Visa(NYSE:V) opened the door for partnerships with Mastercard(NYSE:MA), Citigroup(NYSE:C), and Fidelity National Information Services (NYSE:FIS). As a result, more deals will come that will increase PayPal’s relevancy and ubiquity in the mobile payment landscape.
- [By Matthew Cochrane]
Mastercard Inc’s (NYSE:MA) shares are now near all-time highs, as its consistent and steady growth has driven the stock to amazing heights since its IPO a little more than a decade ago. Since going public, Mastercard’s stock price has skyrocketed more than 2,400%! More recent investors have nothing to complain about either as shares have increased nearly 13% year-to-date. Its recent quarter is just another impressive benchmark in its life as a public company.
- [By Matthew Cochrane]
With this mindset, it is no wonder that PayPal finished 2016 on a wave of deal-making momentum. In the past 12 months, PayPal completed agreements with a number of financial and tech companies including Alibaba Group Holding Ltd (NYSE: BABA), Citigroup Inc (NYSE: C), Facebook Inc (NASDAQ: FB), Mastercard Inc (NYSE: MA), Visa Inc (NYSE: V), and Vodafone Group Plc (NASDAQ: VOD).
Top 5 Warren Buffett Stocks For 2018: Liberty Interactive Corporation(QVCA)
- [By WWW.THESTREET.COM]
QVC (QVCA) was upgraded to buy from neutral at Bank of America/Merrill Lynch. $25 price target. The company can turn its sales around and deserves a higher multiple, analysts said.