Stocks That Fell to 3-Year Lows in the Week of March 15

Kellogg Co., CenturyLink Inc., Newell Brands Inc.and Goodyear Tire & Rubber Co. have declined to their three-year lows.

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Mar 17, 2019
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Kellogg Co. (K, Financial), CenturyLink Inc. (CTL, Financial), Newell Brands Inc. (NWL, Financial), and Goodyear Tire & Rubber Co. (GT, Financial) have declined to their three-year lows.

Kellogg Co. (K, Financial) declined to $54.27

The prices of Kellogg Co. (K, Financial) shares have declined to $54.27 on March 15, which is only 2.1% above the three-year low of $53.14.

Kellogg Co. is an American international food manufacturing company that focuses on producing cereal and convenience foods, including cookies, crackers, toaster pastries, cereal bars, and vegetarian foods. The company is a component of the S&P 500 and its products are marketed in over 180 countries.

Kellogg Co. has a market cap of $18.65 billion; its shares were traded around $54.27 with a price-earnings ratio of 14.21 and price-sales ratio of 1.40. The trailing 12-month dividend yield of Kellogg Co. stocks is 4.08%. The forward dividend yield of Kellogg Co. stocks is 4.16%.

On Feb. 7 Kellogg Co. reported fourth quarter and full year 2018 results. Reported net sales for the quarter were $3.317 billion, compared to reported net sales of $3.185 billion during the same quarter prior year. Adjusted operating profit was $326 million for the quarter, compared to operating profits of $446 during the same quarter prior year.

CenturyLink Inc. (CTL, Financial) declined to $12.09

The prices of CenturyLink Inc. (CTL, Financial) shares have declined to $12.09 on March 15, which is only 4.7% above the three-year low of $11.52.

CenturyLink Inc. is an American telecommunications company that provides communications and data services to residential, business, governmental, and wholesale customers in 37 states. The company operates as a local exchange carrier and internet access provider in U.S. markets and is the third largest telecommunications company in the U.S.

CenturyLink Inc. has a market cap of $13.05 billion; its shares were traded around $12.09 with a price-sales ratio of 0.55. The trailing 12-month dividend yield of CenturyLink Inc. stocks is 15.47%. The forward dividend yield of CenturyLink Inc. stocks is 8.39%.

On March 1 CenturyLink Inc. announced that its board of directors has declared a regular quarterly cash dividend of 25 cents per share. The dividend is payable on March 22 to shareholders of record at the close of business on March 12.

Newell Brands Inc. (NWL, Financial) declined to $15.56

The prices of Newell Brands Inc. (NWL, Financial) shares have declined to $15.56 on March 15, which is only 2.8% above the three-year low of $15.12.

Newell Brands Inc. is an American international marketer of consumer and commercial brands. Some the brands it has acquired include Rubbermaid, Contigo and Bubba, Coleman outdoor products, Diamond matches, Sharpie and PaperMate.

Newell Brands Inc. has a market cap of $6.58 billion; its shares were traded around $15.56 with a price-sales ratio of 0.75. The trailing 12-month dividend yield of Newell Brands Inc. stocks is 5.89%. The forward dividend yield of Newell Brands Inc. stocks is 5.95%. Newell Brands Inc. had an annual average earnings growth of 5.30% over the past 10 years.

On March 14 Newell Brands Inc. announced that Michael Polk, the company’s president and CEO since 2011, will retire from the company at the end of the second quarter of 2019. The board of directors has started a search process to identity the company’s next CEO and has retained Heidrick & Struggles, a global executive search firm, to assist in the process.

Goodyear Tire & Rubber Co. (GT, Financial) declined to $17.90

The prices of Goodyear Tire & Rubber Co. (GT, Financial) shares have declined to $17.90 on March 15, which is only 2.1% above the three-year low of $17.53.

Goodyear Tire & Rubber Co. is an American international tire manufacturing company that manufactures tires for automobiles, commercial trucks, light trucks, airplanes, and farm equipment. The company is one of the top four tire manufactures along with Bridgestone, Michelin, and Continental.

Goodyear Tire & Rubber Co. has a market cap of $4.16 billion; its shares were traded around $17.90 with a price-earnings ratio of 6.14 and price-sales ratio of 0.28. The trailing 12-month dividend yield of Goodyear Tire & Rubber Co. stocks is 3.37%. The forward dividend yield of Goodyear Tire & Rubber Co. stocks is 3.62%. Goodyear Tire & Rubber Co. had an annual average earnings growth of 9.60% over the past 10 years.

On Feb. 8 Goodyear Tire & Rubber Co. reported results for the fourth quarter and full year 2018. Sales for the quarter were $3.9 billion, a 5% decrease compared to sales of $4.1 billion during the same quarter prior year. Tire unit volumes totaled 40.7 million, a decrease of 3% from 42.0 million a year ago. Net income for the quarter was $110 million, compared to a net loss of $96 million during the same quarter prior year.

Disclosure: I do not own stock in any of the companies mentioned in the article.