Organic & Nutraceutical Progressing Consumer Goods Stocks: RiceBran, Amira Nature Foods, Hillshire, Archer-Daniels-Midland
CORAL-SPRINGS, Florida, January 30, 2014 /PRNewswire/ --
Midday Market Snapshot and news for today's Consumer Goods sector: RiceBran Technologies (NASDAQ: RIBT), Amira Nature Foods, Ltd. (NYSE: ANFI), The Hillshire Brands Company (NYSE: HSH) and Archer-Daniels-Midland Company (NYSE: ADM)
RiceBran Technologies (NASDAQ: RIBT), a global leader in the production and marketing of value added products derived from rice bran, today announced that it has been awarded a judgment against Diabco Life Sciences, LLC ("Diabco"). The Superior Court of California in and for the County of Sacramento awarded a judgment of $1,013,241 to RiceBran Technologies against Indiana-based Diabco Life Sciences, LLC for failure to pay for product received from RBT. The judgment includes all of RBT's costs and expenses incurred in pursuing collection of the past due debt. Interest has begun and will accrue at the rate of 10% per annum until the debt is paid. RBT is taking steps to aggressively pursue collection of the award using all legal means available. To read the full press release, please click here: http://www.fnmprofiles.com/profiles-ribt.html
Amira Nature Foods, Ltd. (NYSE: ANFI) sells primarily basmati rice, a premium long-grain rice grown only in certain regions of the Indian subcontinent, sold under the company's flagship Amira brand as well as under third-party labels. The Amira branded products consist of several rice varieties, such as Amira Sameena Basmati Rice and ready-to-eat snacks. The company sells its products, primarily in emerging markets, through a broad distribution network. The products are sold in over 40 countries, with a branded presence in over 25 of them. ANFI was up over 5% as of midday Thursday at $18.53 per share.
The Hillshire Brands Company (NYSE: HSH) today reported results for the second quarter and first six months of fiscal year 2014. Second quarter net sales increased 2.1% to $1.1 billion, Adjusted1 operating income of $139 million, up 9.0%; reported operating income increased 16.9% to $116 million, Adjusted diluted EPS of $0.66, up 6.5%; reported diluted EPS from continuing operations of $0.91 up 93.6%, Fiscal 2014 adjusted diluted EPS now expected to be near the high end of the previous range. Read the full story at http://finance.yahoo.com/news/hillshire-brands-reports-strong-second-123000839.html
Archer-Daniels-Midland Company (NYSE: ADM) manufactures and sells protein meal, vegetable oil, corn sweeteners, flour, biodiesel, ethanol, and other value-added food and feed ingredients; and processes oilseeds, corn, wheat, cocoa, and other agricultural commodities. The company's Oilseeds Processing segment originates, merchandises, crushes, and processes oilseeds, such as soybeans and soft seeds into vegetable oils and protein meals. ADM was up slightly as midday Thursday at $39.62 per share on over 1.7Million shares traded.
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