MarketBeat May market recap

June 1, 2022

This paid piece is sponsored by MarketBeat.

Sioux Falls-based MarketBeat is a one-stop resource that brings together fundamental and technical analysis so investors have a single resource to get timely information on news that affects the stocks in their portfolio or watchlist. MarketBeat is partnering with SiouxFalls.Business to provide a monthly overview of stocks of local interest. Here’s a recap of what has been moving these stocks in the past 30 days.

Meta Financial Group (NASDAQ:CASH) – On May 19, Meta Financial declared a quarterly dividend of 5 cents per share. The dividend will be paid July 1, 2022, to investors of record before June 9, 2022. On an annual basis, the company’s dividend is 20 cents per share, and the dividend yield is 0.51 percent.

SAB Biotherapeutics (NASDAQ:SABS) –SAB Biotherapeutics reported earnings May 12. The company recorded earnings of 2 cents per share on revenue of $11.8 million. The company also updated investors on progress in advancing its pipeline for proprietary treatments for immune and autoimmune disorders.

First Interstate BancSystem (NASDAQ:FIBK) – In May, all Great Western Bank branches began doing business as First Interstate Bank. This makes the Montana-based bank one of the West’s premier community banking franchises, doing business in 14 states.

Wells Fargo (NYSE:WFC) – On May 24, Wells Fargo announced a collaboration with Habitat for Humanity International. The bank will provide $7.75 million to support new home construction, renovation and repair of over 350 affordable homes across the United States.

NorthWestern Energy (NASDAQ:NWE) – NorthWestern Energy was the recipient of the Environmental Excellence Award from the Montana Department of Environmental Quality’s Water Protection Bureau. The award is presented annually to a company that demonstrates a commitment to protecting water quality based on several metrics.

CNH Industrial (NYSE:CNHI) – On May 3, CNH Industrial delivered its first quarter earnings report. The company reported earnings per share of 28 cents on revenue of $4.65 billion.

Citigroup (NYSE:C) – On May 27, Citigroup paid shareholders of record a quarterly dividend of 51 cents per share.

McDonald’s (NYSE:MCD) – McDonald’s declared a quarterly dividend of $1.38 per share May 26. The dividend will be paid on June 20, 2022, to investors who are shareholders of record on the company’s ex-dividend date of June 3, 2022.

Walmart (NYSE:WMT) – On May 23, Walmart announced it was increasing its quarterly dividend to 56 cents per share. The increased dividend will be effective as of September 2022. This brings the company’s dividend yield to 1.9 percent, which is in line with the industry average.

Target (NYSE:TGT) – In its quarterly earnings report, Target’s management reported that it expects supply chain issues and inflation pressures to continue through 2022.

Macy’s (NYSE:M) – Macy’s bucked the trend of many retailers by posting a strong earnings report May 26. The company reported earnings per share of $1.08 on revenue of $5.35 billion. Both numbers were higher than analysts’ estimates.

Amazon (NASDAQ:AMZN) – On May 25, Amazon investors voted to approve the company’s plan for a 20-for-1 stock split. This means shareholders of record on June 3, 2022, will receive 20 equally valued shares for every one share they own. Each share will be functionally divided to reflect the new stock price.

Costco (NASDAQ:COST) – On May 26, Costco delivered a strong earnings report. The warehouse club posted earnings per share of $3.04 on revenue of $52.60 billion.

Ford Motor (NYSE:F) – In May, Ford delivered its first electric pickup, the F-150 Lightning. The automaker also announced plans to use 20 percent recycled, renewable plastics by 2025.

General Motors (NYSE:GM) – General Motors will be part of a joint venture with South Korea’s POSCO Chemical Co. Ltd. The two companies will invest in a $633 million battery cathode materials plant in Canada.

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MarketBeat May market recap

From the Great Western Bank rebrand to a lot of retail stock movement, here’s our monthly update on stocks of local interest.

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