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NEW YORK, March 20, 2017 /PRNewswire/ —
Stock-Callers.com has issued research reports on these Processed and Packaged Goods companies: Conagra Brands Inc. (NYSE: CAG), General Mills Inc. (NYSE: GIS), Flowers Foods Inc. (NYSE: FLO), and Campbell Soup Co. (NYSE: CPB). These are equities in the Consumer Goods sector, which was narrowly higher just before the close of trading on Friday, March 17th, 2017. As per a NASDAQ report, shares of Consumer Staples companies in the S&P 500 climbed less than 0.1%, while shares of Consumer Discretionary firms in the S&P 500 were ahead by about 0.1%. Today’s research reports on the aforementioned stocks are downloadable for free upon registration at:
Last Friday, Chicago, Illinois headquartered Conagra Brands Inc.’s stock fell 0.14%, to close the day at $41.42. A total volume of 3.96 million shares was traded, which was above their three months average volume of 3.05 million shares. The Company’s shares have advanced 3.71% in the last month, 10.31% in the previous three months, and 5.26% on an YTD basis. The stock is trading 4.28% above its 50-day moving average and 11.57% above its 200-day moving average. Additionally, shares of Conagra Brands, which together with its subsidiaries, operates as a food company in North America, have a Relative Strength Index (RSI) of 66.07.
On March 16th, 2017, Conagra Brands announced that it has entered into a definitive agreement to acquire protein-based snacking businesses Thanasi Foods LLC, maker of Duke’s® meat snacks, and BIGS LLC (BIGS), maker of BIGS® seeds. Financial terms were not disclosed. The transaction is subject to customary closing conditions, including the receipt of regulatory approval, and is expected to close in summer 2017.Visit us today and access our complete research report on CAG at:
Shares in Minneapolis, Minnesota headquartered General Mills Inc. saw a slight drop of 0.25%, finishing Friday’s session at $60.66. The stock recorded a trading volume of 10.96 million shares, which was above its three months average volume of 2.94 million shares. The Company’s shares are trading below their 50-day moving average by 1.33%. Furthermore, shares of General Mills, which manufactures and markets branded consumer foods in the US, have an RSI of 47.12.
On March 07th, 2017, Cascadian Farm, a pioneer in the organic food movement, and parent company General Mills announced their work with The Land Institute to help commercialize organic Kernza®, a perennial grain and wild relative of annual wheat, whose deep roots show promise to increase soil health, carbon sequestration, water retention and enhance surrounding wildlife habitat. The sweet- and nutty-tasting grain lends itself particularly well as an ingredient for cereal and snacks. The complimentary report on GIS can be downloaded at:
Thomasville, Georgia headquartered Flowers Foods Inc.’s stock finished 0.61% higher at $19.65 last Friday at the close. A total volume of 3.36 million shares was traded, which was higher than their three months average volume of 1.67 million shares. The Company’s shares have advanced 2.67% in the past month and 4.23% in the previous three months. The stock is trading above its 50-day and 200-day moving averages by 0.49% and 14.14%, respectively. Additionally, shares of Flowers Foods, which produces and markets bakery products in the US, have an RSI of 58.00.
On March 01st, 2017, Nature’s Own, owned by Flowers Foods, announced that Nature’s Own Life®, a new line of breads available now in grocery retailers across the country. The new line from Nature’s Own includes six varieties: Wheat+Protein, 7 Sprouted Grains, Double Fiber Wheat, 100% Whole Grain Sugar Free, 40 Calories Honey Wheat and 40 Calories Wheat. Register for free on Stock-Callers.com and access the latest research report on FLO at:
Camden, New Jersey headquartered Campbell Soup Co.’s shares ended the session 0.63% higher at $59.20. The stock recorded a trading volume of 1.71 million shares, which was above its three months average volume of 1.58 million shares. Shares of the Company have advanced 0.75% over the previous three months. The stock is trading 0.33% above its 200-day moving average. Moreover, shares of Campbell Soup, which together with its subsidiaries, manufactures and markets food and beverage products, have an RSI of 42.32.
On February 17th, 2017, Campbell Soup announced that sales decreased 1% to $2.171 billion in Q2 FY17 driven by the decline in organic sales, partially offset by the favorable impact of currency translation. The Company’s gross margin increased from 37.2% to 38.0%. Campbell Soup’s EBIT decreased 50% to $205 million, principally driven by the impairment charges in the current-year’s quarter.
On February 21st, 2017, research firm Stifel reiterated its ‘Hold’ rating on the Company’s stock with a decrease of the target price from $62 a share to $56 a share. Get free access to your research report on CPB at:
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