Latest News for Ajinomoto Co Stock (OTC:AJINY)

Ajinomoto Co

Ajinomoto is Japan's leading food company specializing in amino acids and seasonings derived from amino acid fermentation technologies. It also produces processed foods including dry soup mixes, frozen foods, and beverage products. Apart from the consumer business, it is a key supplier of MSG and nucleotides to global food manufacturers including Nestle. The food business represents nearly three fourths of group sales and 80%-plus of profits with nearly two thirds generated overseas. Healthcare and function materials (mainly Ajinomoto build-up film, or ABF), the key growth drivers through 2030, make up the balance of its business portfolio. The nonfood businesses are expected to contribute half of the group profits by 2030, boosted by ABF and CDMO growth.

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Zacks #1 Rank Additions for Monday  - Tale of the Tape

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Here are 5 stocks added to the Zacks #1 Rank ("strong buy") List today:
<ul>
<li>Ahold N.V. (<a href="http://www.zacks.com/research/report.php?t=AHONY">AHONY</a>)</li>
<li>Ajinomoto Co Inc (<a href="http://www.zacks.com/research/report.php?t=AJINY">AJINY</a>)</li>
<li>Assoc Brit Foods plc (<a href="http://www.zacks.com/research/report.php?t=ASBFY">ASBFY</a>)</li>
<li>Biogen Idec Inc (<a href="http://www.zacks.com/research/report.php?t=BIIB">BIIB</a>)</li>
<li>Brady Corp (<a href="http://www.zacks.com/research/report.php?t=BRC">BRC</a>)</li>
</ul>

View the entire <a href="http://www.zacks.com/portfolios/rank/1rank.php">Zacks #1 Rank List</a>.   <a href="http://www.zacks.com/registration/pfp?ALERT=ZER_LINK&amp;d_alert=ZER_LINK&amp;t=AHONY&amp;ADID=BENZ_CONTENT_ZER">AHOLD N V ADR (<a class="ticker" href="/stock/ahony#">AHONY</a>): Free Stock Analysis Report</a>   <a href="http://www.zacks.com/registration/pfp?ALERT=ZER_LINK&amp;d_alert=ZER_LINK&amp;t=BIIB&amp;ADID=BENZ_CONTENT_ZER">BIOGEN IDEC INC (<a class="ticker" href="/stock/biib#">BIIB</a>): Free Stock Analysis Report</a>   <a href="http://www.zacks.com/registration/pfp?ALERT=ZR_LINK&amp;d_alert=rd_final_rank&amp;t=BRC&amp;ADID=BENZ_CONTENT_ZRANK">BRADY CORP CL A (<a class="ticker" href="/stock/brc#">BRC</a>): Free Stock Analysis Report</a>   <a href="http://www.zacks.com/">Zacks Investment Research</a>

Due to inelastic demand and technological developments, the food makers industry will likely remain robust. Therefore, fundamentally strong food makers stocks Ajinomoto (AJINY), Tate & Lyle (TATYY), and John B. Sanfilippo & Son (JBSS) might be solid buys. Read on... Despite macroeconomic uncertainties, the food industry is expected to thrive. So, quality food maker stocks Ajinomoto Co., Inc. (<a href="https://stocknews.com/stock/AJINY/">AJINY</a>), Tate &amp; Lyle plc (<a href="https://stocknews.com/stock/TATYY/">TATYY</a>), and John B. Sanfilippo &amp; Son, Inc. (<a href="https://stocknews.com/stock/JBSS/">JBSS</a>) could be wise additions to your portfolio now.
The food sector is developing due to advanced procedures, higher dining-out spending, and a growing desire for fast food consumption. According to Statista, food market revenue will reach $9.36 trillion in 2023 and grow at a <a href="https://www.statista.com/outlook/cmo/food/worldwide">6.7% CAGR until 2028</a>.
Food manufacturers are investing in automation to meet consumer demands due to the rising demand for processed items and changing lifestyles. Rapid technological advancement, changing consumer preferences, and regulatory agencies have also boosted the use of automated technologies in the food business. The food automation market is projected to reach a revised size of <a href="https://www.globenewswire.com/news-release/2023/06/21/2691918/0/en/Food-Automation-Market-Size-Share-Analysis-Growth-Trends-Forecasts-2023-2028.html#:~:text">$33.45 billion by 2028, growing at a CAGR of 7.4%</a>.
Food makers are <a href="https://www.foodtechbiz.com/opinion/a-sneak-peek-into-the-food-automation-market">increasingly embracing automation technologies</a> such as robotics, the Internet of Things (IoT), data analytics, digital twins, and artificial intelligence, which could help the industry grow.
In addition, food stocks are known to be recession proofs making them safe haven investments.
Let's delve deeper into the fundamentals of the featured stocks.
Ajinomoto Co., Inc. (<a href="https://stocknews.com/stock/AJINY/">AJINY</a>)
Headquartered in Tokyo, Japan, AJINY engages in seasonings and foods, frozen foods, and healthcare and other businesses in Japan and internationally. The company operates through three segments: Seasonings and Foods; Frozen Foods; and Healthcare and Others.
AJINY's trailing-12-month EBIT margin of 16.24% is 63.7% higher than the industry average of 9.92%. Its trailing-12-month net income margin of 6.92% is 119.4% higher than the industry average of 3.16%.
AJINY's sales for the year ended March 31, 2023, increased 7.3% year-over-year to ¥1.15 trillion ($7.96 billion). Its gross profit increased 4.8% from the year-ago value to ¥425.90 billion ($2.95 million). In addition, the company's profit and <a href="https://www.investopedia.com/terms/e/eps.asp">EPS</a> increased 21% and 28.7% year-over-year to ¥80.23 billion ($555.38 million) and ¥139.42, respectively.
The consensus revenue estimate of $10.48 billion for the year ending March 2024 represents a 3.7% increase year-over-year. AJINY's shares have gained 62.8% over the past year to close the last trading session at $39.72.
AJINY's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect this promising outlook. The stock has an overall rating of B, equating to a Buy in our proprietary rating system. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.
AJINY has an A grade for Stability and a B for Growth and Quality. Within the <a href="https://stocknews.com/category/food-makers/">Food Makers</a> industry, it is ranked #7 out of 81 stocks. <a href="https://stocknews.com/stock/AJINY/">Click here</a> for the additional POWR Ratings for Value, Momentum, and Sentiment for AJINY.
Tate &amp; Lyle plc (<a href="https://stocknews.com/stock/TATYY/">TATYY</a>)
Headquartered in London, the United Kingdom, TATYY together with its subsidiaries, provides ingredients and solutions to the food, beverage, and other industries in the United States, the United Kingdom, other European countries, and internationally. It operates through three segments: Food &amp; Beverage Solutions; Sucralose; and Primary Products.
TATYY's forward EV/EBITDA multiple of 10.45 is 23.3% lower than the industry average of 13.40. Its forward EV/EBIT multiple of 11.79 is 24.3% lower than the industry average of 15.57.
TATYY's trailing-12-month levered FCF margin and net income margins of 79.45% and 10.85% are significantly higher than the industry averages of 2.98% and 3.16%, respectively.
For the year ended March 31, 2023, TATYY's revenue increased 27.3% year-over-year to £1.75 billion ($2.22 billion). Also, its operating profit increased 192.5% from the year-ago value to £196 million ($248.70 million). The company's EPS came in at £30.8p, representing an increase of 460% from the prior-year period.
Street expects TATYY's revenue to increase 6.7% year-over-year to $2.30 billion for the year ending March 2024. Over the past nine months, the stock has gained 21.1% to close the last trading session at $36.79.
It's no surprise that TATYY has an overall B rating, equating to a Buy in our POWR Ratings system. It has a B grade for Growth, Stability, Sentiment and Quality. It is ranked #5 in the same industry.
Beyond what is stated above, we've also rated TATYY for Value, and Momentum. Get all TATYY ratings <a href="https://stocknews.com/stock/TATYY/">here</a>.
John B. Sanfilippo &amp; Son, Inc. (<a href="https://stocknews.com/stock/JBSS/">JBSS</a>)
JBSS through its subsidiary, JBSS Ventures, LLC, processes and distributes tree nuts and peanuts in the United States.
JBSS' trailing-12-month EV/EBIT multiple of 15.51 is 15.5% lower than the industry average of 18.36. Its trailing-12-month EV/Sales multiple of 1.37 is 19.7% lower than the industry average of 1.70.
JBSS' trailing-12-month ROTC of 16.77% is 166.5% higher than the industry average of 6.29%. Its trailing-12-month ROTA of 14.74% is 259.9% higher than the industry average of 4.10%.
In the third quarter that ended March 30, 2023, JBSS' net sales increased 9.1% year-over-year to $238.54 million. Its income from operations came in at $21.82 million, up 25.2% year-over-year. Also, its net income and EPS increased 32.5% and 32.4% year-over-year to $15.73 million and $1.35, respectively.
The stock has gained 69.3% over the past year to close the last trading session at $117.27.
JBSS' strong fundamentals are reflected in its POWR Ratings. The stock has an overall rating of B, which equates to a Buy in our proprietary rating system.
It is ranked #8 in the same industry. It has a B for Growth and Quality. To see additional JBSS' ratings for Value, Stability, Sentiment and Momentum, <a href="https://stocknews.com/stock/JBSS/">click here</a>.
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AJINY shares were trading at $39.88 per share on Monday morning, up $0.16 (+0.40%). Year-to-date, AJINY has gained 30.20%, versus a 16.80% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Rashmi Kumari</h2> <img src='https:/wp-content/uploads/2022/10/Rashmi-Kumari_headshot_2-1.jpg' style="float:left; padding:5px;width:125px;">Rashmi is passionate about capital markets, wealth management, and financial regulatory issues, which led her to pursue a career as an investment analyst. With a master's degree in commerce, she aspires to make complex financial matters understandable for individual investors and help them make appropriate investment decisions.<a href="https://stocknews.com/authors/?author=rashmi-kumari">More...</a>The post <a href=https://stocknews.com/news/ajiny-tatyy-jbss-3-food-maker-stocks-to-buy-in-july/>3 Food Maker Stocks to Buy in July</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Food Maker Stocks to Buy in July

Thanks to the inelastic demand and growing e-commerce market, the food industry has showcased remarkable resilience and stability over the past year. In this piece, we look at why Nestlé S.A. (NSRGY), Ajinomoto Co. (AJINY), and Fresh Del Monte Produce (FDP) could be rewarding long-term assets for your portfolio. Read on… Regardless of the market tantrums and rising prices, the food industry enjoys high-profit margins due to the inelastic demand for its offerings. In this article, I have assessed three fundamentally sound food stocks, Nestlé S.A. (<a href="https://stocknews.com/stock/NSRGY/">NSRGY</a>), Ajinomoto Co., Inc. (<a href="https://stocknews.com/stock/AJINY/">AJINY</a>), and Fresh Del Monte Produce Inc. (<a href="https://stocknews.com/stock/FDP/">FDP</a>), to substantiate why they are worth buying for the long term.
The food industry is witnessing remarkable growth driven by shifting consumer preferences, the rapid rise of e-commerce, and the surging demand for healthier and more sustainable food choices. According to Statista, the U.S. food market revenue will reach $974.30 billion in 2023 and grow at a <a href="https://www.statista.com/outlook/cmo/food/united-states#a__text_Revenue_20in_20the_20Food_20market_US_24303_8bn_20in_202023_">3.8% CAGR until 2028</a>.
With online ordering, home delivery, and take outs becoming the new norm, the market companies have expanded significantly. Online grocery sales in the U.S. are expected <a href="https://www.oberlo.com/statistics/online-grocery-market">to hit $185.60 billion in 2023</a>, registering an 18.7% growth from the previous year.
Moreover, the packaged food market is thriving due to continuous product innovation catering to changing lifestyles and the increasing popularity of plant-based and organic foods. The market is projected to <a href="https://www.imarcgroup.com/packaged-food-market">reach $3.69 trillion by 2028</a>, exhibiting a CAGR of 8.1%.
The solid growth prospects of the industry and its defensive nature make the featured food stocks wise additions to your portfolio for above-average long-term returns.
That said, let us now dig deeper into the fundamentals of the featured stocks:
Nestlé S.A. (<a href="https://stocknews.com/stock/NSRGY/">NSRGY</a>)
Headquartered in Vevey, Switzerland, NSRGY is one of the world's top food and beverage companies. The company's products include milk, chocolate, confectionery, bottled water, coffee, creamer, food seasoning, and pet foods. NSRGY's operational segments include Zone Americas (AMS), Zone Europe, Middle East, and North Africa (EMENA), Zone Asia, Oceania, sub-Saharan Africa (AOA), Nestle Waters, Nestle Nutrition, and Other businesses.
On July 27, based on the solid performance in the first half of the year, the company upgraded its organic sales growth guidance to a range of 7% to 8%. The underlying trading operating profit margin is expected to be between 17.0% and 17.5%, while its underlying EPS is anticipated to increase between 6% and 10%.
On May 3, NSRGY inaugurated the Institute of Agricultural Sciences to advance sustainable food systems by delivering science-based solutions in agriculture.
At the inauguration, Paul Bulcke, NSRGY's Chairman, said, "To continue providing people with tasty, nutritious and affordable foods, we need to transition together to a more sustainable food system. The new institute will strengthen our expertise and use our global network to support farming communities and protect our planet."
NSRGY's sales increased marginally year-over-year to CHF46.29 billion ($52.80 billion) for the six months ended June 30, 2023. The underlying trading operating profit (UTOP) grew 2.9% from the year-ago value to CHF 7.90 billion ($9.02 billion). The company's profit for the period and <a href="https://www.investopedia.com/terms/e/eps.asp">EPS</a> amounted to CHF5.79 billion ($6.59 billion) and CHF2.12, representing an increase of 7.1% and 10.4% year-over-year, respectively.
Also, its operating cash flow stood at CHF 5.74 billion ($6.55 billion), up 45.9% from the prior-year period. In addition, its free cash flow improved by 132.5% year-over-year to CHF 3.42 billion ($3.90 billion).
Analysts expect NSRGY's EPS and revenue to increase 10.2% and 6.9% year-over-year to $5.72 and $109.10 billion, respectively, for the fiscal year 2023 (ending December 31). Its EPS is expected to increase by 8.9% over the next five years.
The stock has gained 3.7% over the past nine months to close the last trading session at $118.50.
NSRGY's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect this robust outlook. It has an overall rating of B, which translates to a Buy in our proprietary rating system. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.
NSRGY has a B grade for Growth, Stability, and Quality. It is ranked #18 out of 79 stocks in the B-rated <a href="https://stocknews.com/category/food-makers/">Food Makers</a> industry.
Beyond what we stated above, we also have NSRGY's Value, Momentum, and Sentiment rating. Get all NSRGY ratings <a href="https://stocknews.com/stock/NSRGY/">here</a>.
Ajinomoto Co., Inc. (<a href="https://stocknews.com/stock/AJINY/">AJINY</a>)
AJINY is a Tokyo-based company engaged in seasonings, processed foods, frozen foods, healthcare, and other businesses globally. Its offerings include sauces, instant noodles, frozen products, coffee beverages, umami seasonings, amino acids for pharmaceuticals and foods, etc.
On June 30, AJINY acquired an additional 25% stake in Ajinomoto Genexine Co. Ltd. (AGX) and became the sole owner of its joint venture company in Korea. The company will serve as the core development and manufacturing base for AJINY's cell culture media business, further strengthening its global development and manufacturing organization.
Following the acquisition of AGX shares, AJINY and Genexine Inc. would continue to explore potential collaboration in the biopharmaceutical field, leveraging the technologies and expertise of both parties.
AJINY's sales increased 5.6% year-over-year to ¥339.52 billion ($2.34 billion) in the first quarter (ended June 30, 2023). Its gross profit grew 5.6% from the prior-year quarter to ¥124.09 billion ($854.75 million), while its business profit rose 5.7% from the year-ago value to ¥42.85 billion ($295.18 million). The company's net profit and EPS increased marginally year-over-year to ¥29.63 billion ($204.11 million) and ¥51.75, respectively.
Street expects AJINY's revenue to increase 10.2% year-over-year in the current quarter (ending September 2023) to $2.54 billion. For the fiscal year 2023, its revenue is projected to reach $10.28 billion, registering a substantial increase of 403.1% from the prior-year period.
Over the past year, the stock has gained 44.5% to close the last trading session at $40.29.
AJINY's strong fundamentals are reflected in its POWR Ratings. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system.
It has an A grade for Stability and a B for Quality. Within the Food Makers industry, it is ranked #17. <a href="https://stocknews.com/stock/AJINY/">Click here</a> to see the additional ratings for AJINY (Growth, Value, Momentum, and Sentiment).
Fresh Del Monte Produce Inc. (<a href="https://stocknews.com/stock/FDP/">FDP</a>)
FDP is a global distributor of fresh and fresh-cut fruits and vegetables across North America, Europe, Asia, and beyond. It operates through three segments: Fresh and Value-Added Products, Banana, and Other Products and Services.
On August 9, the company partnered with Flowspace, a software platform and distribution network powering e-commerce logistics and fulfillment, to add 30 of Tricont Logistics' temperature-controlled storage facilities to its expansive fulfillment network. Tricont Trucking and Tricont Logistics is FDP's third-party trucking and logistics company.
Together Tricont and Flowspace would offer brands the full-service fulfillment solution needed to power digital commerce growth and ensure efficient, convenient delivery to their customers.
Commenting on this, Ziad Nabulsi, FDP's Senior Vice President of North America Operations, said, "We believe Flowspace's technology designed to facilitate e-commerce and retail fulfillment will help us continue expanding our Tricont Logistics business to be able to offer our best-in-class logistics services to more customers."
For the fiscal second quarter that ended June 30, 2023, FDP's net sales amounted to $1.18 billion, while its gross profit increased 44.7% year-over-year to $116.80 million. Its non-GAAP operating income improved 113.3% from the year-ago value to $67.90 million. The company's adjusted net income and non-GAAP EPS came in at $46.20 million and $0.96, representing an increase of 123.2% from the prior-year quarter.
The consensus revenue estimate of $4.44 billion for the fiscal year 2023 (ending December 31) represents a marginal increase year-over-year. The consensus EPS estimate of $2.38 for the current year indicates a 20.6% improvement year-over-year. The company has an impressive surprise history, surpassing the consensus EPS estimates in three of the trailing four quarters.
FDP's shares have gained 4.9% over the past month and 3.1% year-to-date to close the last trading session at $27.01.
Unsurprisingly, FDP has an overall rating of B, equating to a Buy in our proprietary rating system. It has a B grade for Value, Stability, and Sentiment. FDP is ranked #19 among 79 stocks in the same industry.
In addition to the POWR Ratings we've stated above, we also have FDP's Growth, Momentum, and Quality ratings. Get all FDP ratings <a href="https://stocknews.com/stock/FDP/">here</a>.
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NSRGY shares fell $0.76 (-0.64%) in premarket trading Tuesday. Year-to-date, NSRGY has gained 5.00%, versus a 17.27% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Shweta Kumari</h2> <img src='https:/wp-content/uploads/2022/03/Shweta-Kumari_Image-2.jpg' style="float:left; padding:5px;width:125px;">Shweta's profound interest in financial research and quantitative analysis led her to pursue a career as an investment analyst. She uses her knowledge to help retail investors make educated investment decisions.<a href="https://stocknews.com/authors/?author=shweta-kumari">More...</a>The post <a href=https://stocknews.com/news/nsrgy-ajiny-fdp-are-these-3-food-stocks-good-long-term-investments/>Are These 3 Food Stocks Good Long-Term Investments?</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

Are These 3 Food Stocks Good Long-Term Investments?

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Latest News for Ajinomoto Co Stock (OTC:AJINY)

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