4 Consumer Stock Stories for Smart Weekend Investment Shopping
Yum! Brands, Inc. (NYSE: YUM): Closing price $69.61
Yum! August same-store sales slid by an estimated 10 percent for the China Division. This decline included an estimated drop of 12 percent at KFC and 5-percent growth at Pizza Hut Casual Dining. KFC sales were reduced by the residual effects of adverse publicity surrounding the December poultry supply event. However, it is anticipated that China Division same-store sales will rebound, and the company expects to post positive same-store sales growth for the fourth quarter.
General Mills Inc. (NYSE:GIS): Closing price $49.19
On Friday, General Mills announced a voluntary Class II recall of a limited quantity of refrigerated Pillsbury Cinnamon Rolls with Icing. However, no other flavors or varieties of the rolls or Pillsbury dough products are included. This procedure is being conducted as a precaution because the dough could contain fragments from a broken piece of plastic on the production line. These products are sold in grocery stores through out the United States, but no other Pillsbury dough products are being recalled.
Target Corp. (NYSE:TGT): Closing price $63.29
Target on Friday announced the opening dates for 23 new store locations in Canada, which include its first stores in Quebec and Nova Scotia, together with additional Ontario locations in Ottawa and in the surrounding area. The stores should open in the autumn, including 14 opening on September 17 and nine on October 18. Presently, Target has 68 stores open across Canada with plans to launch a total of 124 locations by the end of the year.
Honda Motor Co. (NYSE:HMC): Closing price $38.02
Honda says that its gasoline-electric Accord will be the most fuel-efficient domestic sedan when it goes on sale, exceeding that of competing Toyota Motor Corp. and Ford Motor Co. models. The 2014 Accord Hybrid achieves 50 miles per gallon in the city, 45 mpg on the highway, and 47 mpg combined, calculated on United States government testing, the company said Friday. Ford’s Fusion hybrid is also rated at 47 mpg combined, but the automaker faces lawsuits claiming that the vehicle’s mileage is overstated, while Toyota’s Camry hybrid averages a combined 41 mpg.