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McCormick Close To Acquiring Hot-Sauce Maker Cholula In $800M Deal: WSJ
Tuesday, November 24, 2020 - 1:41am | 316Read More...McCormick & Company, Incorporated (NYSE: MKC) is nearing an $800 million deal to acquire hot-sauce maker Cholula from private-equity firm L Catterton, the Wall Street Journal reports. The acquisition talks could finalize by Tuesday if the deal doesn't fall apart. What Happened:...
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This Analyst Likes Kraft Heinz Stock And Its 40% Discount To Peers
Monday, May 18, 2020 - 12:30pm | 348Read More...Kraft Heinz Co (NASDAQ: KHC) is trading at a 40% valuation discount versus its peers and represents a good buying opportunity for investors, according to BofA Securities. The Kraft Heinz Analyst Bryan Spillane upgraded Kraft Heinz's stock from Neutral to Buy with a price target lifted from $32...
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Bumble Bee Foods Is Tracking Seafood Across Global Supply Chains Through Blockchain
Tuesday, March 12, 2019 - 10:28am | 930Read More...Bumble Bee Foods, North America's largest branded shelf-stable seafood company, has announced that it will use the SAP cloud platform blockchain to trace the movement of yellowfin tuna from the Indonesian ocean to the consumer's cart. The seafood behemoth has traditionally shown interest...
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Berenberg's Packaged Food Pair Trade: Buy Twinkie's Parent Company, Hold Flowers Food
Monday, May 21, 2018 - 12:40pm | 619Read More...The dynamics of the entire food packaging business changed after Kellogg Company (NYSE: K) decided to exit its direct store delivery snack network to operate a warehouse model. The distribution method that packaged food companies use is becoming increasingly important to investors, according to...
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Flowers Foods' Low Expectations Makes It An Attractive Buy, KeyBanc Says
Wednesday, March 28, 2018 - 11:26am | 337Read More...Flowers Foods, Inc. (NYSE: FLO), a producer and marketer of packaged bakery foods, is an underappreciated stock with low expectations but should be able to deliver above-consensus results in 2018, according to KeyBanc. The Analyst KeyBanc Capital Markets' David Carlson initiated coverage of...
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With Sensient Looking Tastier, Gabelli Upgrades To Buy
Monday, February 12, 2018 - 3:50pm | 335Read More...Sensient Technologies Corporation (NYSE: SXT), a manufacturer and marketer of colors, flavors, and fragrances for the food and beverage industry, reported fourth quarter results last week that, despite falling short of expectations, turned one analyst bullish. The Analyst Gabelli & Company...
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4 Reasons Analysts See Upside In Conagra Shares
Monday, October 30, 2017 - 9:50am | 437Read More...Analysts at Stifel cited four reasons to turn bullish on Conagra Brands Inc (NYSE: CAG). The firm's Christopher Growe upgraded Conagra's stock rating from Hold to Buy with a price target boosted from $36 to $38 after hosting a meeting with senior members of the company's management team. 1....
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Packaged Food Stocks Strong As Investors Show Interest In 3G Report
Tuesday, November 8, 2016 - 1:52pm | 349Read More...There is a strong interest in packaged food shares following a report that 3G is raising $8 billion–$10 billion from potential investors. The money is expected to fund the next acquisition target, according to Brazil Journal. While 3G has not indicated a specific target, the focus is said to...
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Citi Reiterates Kellogg As Favorite Name In Packaged Food, Raises Target To $90
Thursday, April 14, 2016 - 7:49am | 325Read More...With Kellogg Company (NYSE: K) currently trading at a 3 percent discount to large-cap packaged food peers, Citi’s David Driscoll believes that that is “significant room for upside over the next 12 months.” Driscoll reiterated a Buy rating on the company, while raising the price...
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Get Your Portfolio In Shape: Four Stocks That Focus on Fitness
Wednesday, October 16, 2013 - 3:21pm | 514Read More...Here's some irony for you: while the U.S. public faces an obesity epidemic, health-related stocks are looking lean and mean these days. Growing concerns over the costs to America in terms of productivity, healthcare costs and even an enjoyable lifestyle from obesity and other issues is indeed...
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Food Processing Stock Chomping on Resistance Levels, Working on a Breakout
Tuesday, January 19, 2010 - 11:48pm | 273Read More...Boring can be beautiful too, particularly in the investment world. Though Corn Products International Inc. (NYSE: CPO) is not likely to set the world on fire by any stretch of the imagination in 2010, what it lacks in pizazz it should make up for in reliability. The food processing/packaging...
