Kellogg, Wal-Mart: S&P Laggards

NEW YORK ( TheStreet) - Kellogg ( K) and Wal-Mart ( WMT) were among the worst-performers in the S&P 500 on Monday.

The S&P 500 dropped 11.59 points, or 0.84%, to 1,366.94 on Monday.

Shares of Kellogg fell 6.09% to $50.70. The food products company lowered its full-year 2012 earnings guidance based on a worse-than-expected first quarter.

The company expects internal net sales to rise between 2-3% in 2012; previously Kellogg was looking for 4-5% growth.

Kellogg shares trade at an estimated price-to-earnings ratio for next year of 13.42X; the average for food products companies is 16.81X. For comparison, General Mills ( GIS) has a higher forward P/E of 14X.

Fourteen of the 22 analysts who cover Kellogg rate it at hold. Seven analysts give the stock a buy rating and one rates it at sell.

TheStreet Ratings gives Kellogg an A- grade with a buy rating and $62.14 price target. The stock has risen 13 cents, or 0.26%, year to date.

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Wal-Mart shares lost 4.66% to $59.54. The world's biggest retailer reportedly used bribes in Mexico to speed the process of doing business in Mexico.

Shares of the Bentonville, Ark.-based company trade at a forward P/E multiple of 11.24X; the average for broad-line retailer companies is 18.71X. For comparison, Target ( TGT) has a higher forward P/E of 11.7X.

Seventeen of the 24 analysts who cover Wal-Mart rate it at hold. Sixteen analysts give the stock a buy rating and one rates it at sell.

TheStreet Ratings gives Wal-Mart an A grade with a buy rating and $71.41 price target. The stock has fallen 22 cents, or 0.37%, year to date.


Other S&P 500 laggards on Monday included:
  • First Solar (FSLR): The stock fell 6.78% Monday to $19.25. The stock has dropped 42.98% year to date. TheStreet Ratings gives First Solar a C- grade and hold rating.
  • Hasbro (HAS): The stock dropped 5.23% Monday to $34.04. The stock has risen 6.74% year to date. TheStreet Ratings gives Hasbro a B grade with a buy rating and $41.33 price target.
  • JDS Uniphase (JDSU): The stock fell 5.17% Monday to $12.28. The stock has risen 17.62% year to date. TheStreet Ratings gives JDS Uniphase a C grade and hold rating.
  • Advanced Micro Devices (AMD): The stock dropped 4.77% Monday to $7.39. The stock rose 36.85% year to date. TheStreet Ratings gives Advanced Micro Devices a C grade and hold rating.
  • Weyerhaeuser (WY): The stock fell 4.58% Monday to $20.02. The stock has risen 7.23% year to date. TheStreet Ratings gives Weyerhaeuser a C grade and hold rating.
  • Netflix (NFLX): The stock dropped 4.02% Monday to $101.84. The stock has fallen 4.79% year to date. TheStreet Ratings gives Netflix a C+ grade and hold rating.
  • W.W. Grainger (GWW): The stock fell 3.94% Monday to $211.24. The stock has risen 12.85% year to date. TheStreet Ratings gives W.W. Grainger an A+ grade with a buy rating and $279.90 price target.
  • Lennar (LEN): The stock dropped 3.93% Monday to $24.72. The stock has risen 25.8% year to date. TheStreet Ratings gives Lennar a C+ grade and hold rating.

-- Written by Alexandra Zendrian in New York.

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