Weekly 52-Week Highs Highlight: TAP, CCE, XEC, HRL

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Mar 24, 2014

According to GuruFocus list of 52-week highs; Molson Coors Brewing Company, Coca-Cola Enterprises Inc., Cimarex Energy Company and Hormel Foods Corporation have all reached their 52-week highs.

Molson Coors Brewing Company (TAP, Financial) Reached the 52-Week High of $58.50

Molson Coors Brewing Company "MCBC" was incorporated in June 1913 under the laws of the State of Colorado. Molson Coors Brewing Company has a market cap of $10.77 billion; its shares were traded at around $58.50 with a P/E ratio of 19.0 and P/S ratio of 2.56. The dividend yield of Molson Coors Brewing Company stocks is 2.27%. Molson Coors Brewing Company had an annual average earnings growth of 2.50% over the past five years.

Molson Coors has recently released its fourth quarter 2013 results.Net sales declined 0.2% from last year to $1.03 billion in the fourth quarter, with sales volume increasing 2.3%. U.S. underlying net income increased 30.2% to $241.9 million.

President and CEO Molson Coors Europe Mark Hunter sold 50,417 shares of TAP stock on 03/14/2014 at the average price of $57.73.

Coca-Cola Enterprises Inc. (CCE, Financial) Reached the 52-Week High of $47.37

Coca-Cola Enterprises Inc., a Delaware corporation, was incorporated in 2010 by Legacy CCE, and, following the Merger, it owns the European bottling operations of Legacy CCE, as well as the bottling operations in Norway and Sweden, and is a publicly traded company. Coca-Cola Enterprises Inc. has a market cap of $12.11 billion; its shares were traded at around $47.37 with a P/E ratio of 19.30 and P/S ratio of 1.57. The dividend yield of Coca-Cola Enterprises Inc. stocks is 1.79%. Coca-Cola Enterprises Inc. had an annual average earnings growth of 9.90% over the past five years.

The company reported fourth quarter net sales of $2.03 billion and gross profit of $688 million. This compares to sales of $1.91 billion and profit of $662 million in the same quarter of last year. Diluted EPS increased to $0.51. Full-year net sales were up 2% over the previous year.

Cimarex Energy Company (XEC, Financial) Reached the 52-Week High of $119.05

Cimarex Energy Company, a Delaware corporation, was formed in February 2002 as a wholly owned subsidiary of Tulsa-based Helmerich & Payne Inc. Cimarex Energy Company has a market cap of $10.36 billion; its shares were traded at around $119.05 with a P/E ratio of 18.20 and P/S ratio of 5.12. The dividend yield of Cimarex Energy Company stocks is 0.47%.

Fourth quarter 2013 adjusted net income for the company was $117.6 million, or $1.35 per diluted share, compared to $102.8 million, or $1.19 per share in the prior year quarter.

CEO and President Thomas E. Jorden sold 15,000 shares of XEC stock on 02/27/2014 at the average price of $114.01. Senior Vice President and CFO Paul Korus and other insiders have also sold shares of XEC stock over the past month.

Hormel Foods Corporation (HRL, Financial) Reached the 52-Week High of $47.30

The prices of Hormel Foods Corporation (HRL, Financial) shares have reached $47.30, which is 1.5% off the 52-week high of $47.99. Hormel Foods Corporation, a Delaware corporation was founded by George A. Hormel Foods Corporation has a market cap of $12.49 billion; its shares were traded at around $47.30 with a P/E ratio of 23.30 and P/S ratio of 1.44. The dividend yield of Hormel Foods Corporation stocks is 1.50%. Hormel Foods Corporation had an annual average earnings growth of 8.00% over the past 10 years. GuruFocus rated Hormel Foods Corporation the business predictability rank of 5-star.

Hormel Foods has reported its fiscal first quarter 2014 results. The company generated diluted EPS of $0.57, up 19% compared to its prior year quarter. Net earnings were $153.3 million, up 18%, and sales were up 6% to $2.2 billion.

Vice President David P. Juhlke sold 21,920 shares of HRL stock on 03/17/2014 at the average price of $47.12. Group Vice President James P. Snee sold 1,679 shares of HRL stock on 03/10/2014 at the average price of $47.37.

Check out the complete list of 52-week highs.