Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

WALMART INC.

(WMT)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Beech-Nut Nutrition to Exit Single Grain Rice Cereal Baby Food, Recalls One Lot

06/09/2021 | 03:16pm EDT

By Josh Beckerman

Beech-Nut Nutrition plans to exit the market for Beech-Nut branded Single Grain Rice Cereal, citing concern about consistently obtaining rice flour well below "the FDA guidance level and Beech-Nut specifications for naturally occurring inorganic arsenic."

Beech-Nut said it voluntarily recalled one lot of Beech-Nut Stage 1, Single Grain Rice Cereal after routine sampling in Alaska found that samples from the lot "tested above the guidance level for naturally occurring inorganic arsenic set by the FDA in August 2020." The rice flour used had been tested and confirmed as being below the FDA guidance level, the company said. No illnesses have been reported.

Switzerland-based Hero Group owns Beech-Nut.

A February report by the House Subcommittee on Economic and Consumer Policy said baby food brands including Nestle SA-owned Gerber, Beech-Nut , Walmart Inc.'s store brand and several organic brands had "dangerously high levels" of arsenic, lead, cadmium and mercury. These heavy metals naturally occur in soil and water.

In response, Beech-Nut said "we understand the recent Congressional Report and news stories have been unsettling to parents," and emphasized its strict quality and safety standards and testing. Gerber said it takes many steps to reduce heavy metals, including "selecting growing locations based on soil composition, testing soil and water before growing, planting and harvesting at the right times of the year."

The U.S. Food and Drug Administration's Closer to Zero plan seeks to reduce exposure to toxic elements, and has said that "our work, combined with that of our stakeholders, has led to meaningful reductions."

Write to Josh Beckerman at josh.beckerman@wsj.com

(END) Dow Jones Newswires

06-09-21 1515ET

Stocks mentioned in the article
ChangeLast1st jan.
DJ INDUSTRIAL -0.42% 34935.47 Delayed Quote.14.63%
NESTLÉ S.A. 0.97% 114.8 Delayed Quote.10.11%
WALMART INC. 0.22% 142.55 Delayed Quote.-1.11%
ZR (ZR) - CBE (ELECTRONIC)/C1 -0.04% 13.675 End-of-day quote.10.28%
All news about WALMART INC.
07/30WALMART : mandates vaccines for workers at headquarters
AQ
07/30Consumer Cos Down Sharply On Covid Spread Concerns -- Consumer Roundup
DJ
07/30WALMART : Announces COVID-19 Vaccination Policy for Campus Office Associates
PU
07/30WALMART : Announces COVID-19 Vaccination Policy for Campus Associates
PU
07/30WALMART : Responds to CDC Guidance, Updating Mask Policy and Urging Vaccinations..
PU
07/30Walmart to require masks for some U.S. retail workers, vaccinations for corpo..
RE
07/30Walmart to require masks for some U.S. retail workers, vaccinations for corpo..
RE
07/29SOFTBANK : India equity deals set to pick up pace as investors hunt post-pandemi..
RE
07/29ANGEL BROKING : Appoints New Chief Technology Officer
MT
07/29Wall Street gains on economic optimism
RE
More news
Financials (USD)
Sales 2022 551 B - -
Net income 2022 14 925 M - -
Net Debt 2022 32 996 M - -
P/E ratio 2022 27,3x
Yield 2022 1,57%
Capitalization 399 B 399 B -
EV / Sales 2022 0,79x
EV / Sales 2023 0,76x
Nbr of Employees 2 300 000
Free-Float 50,7%
Chart WALMART INC.
Duration : Period :
Walmart Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends WALMART INC.
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 39
Last Close Price 142,55 $
Average target price 163,62 $
Spread / Average Target 14,8%
EPS Revisions
Managers and Directors
C. Douglas McMillon President, Chief Executive Officer & Director
Brett M. Biggs Chief Financial Officer & Executive Vice President
Gregory B. Penner Non-Executive Chairman
Clay Johnson Enterprise Chief Information Officer & EVP
Jerry R. Geisler Chief Information Security Officer & Senior VP
Sector and Competitors
1st jan.Capi. (M$)
WALMART INC.-1.11%399 446
SYSCO CORPORATION1.10%37 959
WOOLWORTHS GROUP LIMITED-1.40%36 062
AHOLD DELHAIZE N.V.13.35%32 016
THE KROGER CO.28.21%30 444
TESCO PLC0.69%24 863