NEW YORK, June 16, 2017 /PRNewswire/ --
Pre-market, DailyStockTracker.com draws investors' attention to Kellogg Co. (NYSE: K), Mead Johnson Nutrition Co. (NYSE: MJN), The J. M. Smucker Co. (NYSE: SJM), and Ingredion Inc. (NYSE: INGR). The main driving force of the Processed and Packaged Goods industry is technological innovation. However, the biggest challenge to this space comes from the increased focus of the population on healthy foods, and its rejection of processed foods. Daily Stock Tracker provides great insights on these stocks free research reports at:
Battle Creek, Michigan headquartered Kellogg Co.'s shares saw a slight decline of 0.53%, finishing Thursday's trading session at $73.10. A total volume of 1.66 million shares was traded. In the last month, the stock has advanced 3.91%. The Company's shares are trading above their 50-day moving average by 1.74%. Moreover, shares of Kellogg, which manufactures and markets ready-to-eat cereal and convenience foods in the US and internationally, have a Relative Strength Index (RSI) of 55.13.
On May 25th, 2017, research firm Piper Jaffray initiated an 'Overweight' rating on the Company's stock, with a target price of $78 per share.
On June 08th, 2017, Kellogg announced the election of Carter Cast to its board of directors. Critical to the Company, as it continues to grow its presence in ecommerce, Cast brings vast experience in the digital arena, previously helping to build and then lead Walmart.com, as its CEO. He also was the CEO of online retail company Hayneedle, Inc., and he previously served as the chief marketing officer at eBay. Free research report on K is available at:
Mead Johnson Nutrition
On Thursday, shares in Glenview, Illinois headquartered Mead Johnson Nutrition Co. recorded a three months average volume of 2.22 million shares, and ended the session flat at $89.98. The stock has gained 1.11% in the last one month, 2.56% over the previous three months, and 27.16% on an YTD basis. The Company's shares are trading 0.92% above their 50-day moving average and 10.74% above their 200-day moving average. Furthermore, shares of Mead Johnson Nutrition, which manufactures, distributes, and sells infant formula, children's nutrition, and other nutritional products, have an RSI of 83.44.
On May 31st, 2017, Mead Johnson Nutrition announced that its stockholders approved the acquisition of Mead Johnson by Reckitt Benckiser Group PLC ("RB") at a Special Meeting of Stockholders held in Chicago, Illinois. Shareholders of RB also approved the transaction at a General Meeting held earlier in the day in London. The complimentary research report on MJN can be downloaded at:
J. M. Smucker
Shares in Orrville, Ohio headquartered The J. M. Smucker Co. closed at $127.15, slightly down 0.26% from the last trading session. The stock recorded a trading volume of 864,658 shares. The Company's shares have gained 1.91% in the last one month. The stock is trading 0.19% below its 50-day moving average. Additionally, shares of J. M. Smucker, which manufactures and markets branded food and beverage products worldwide, have an RSI of 44.39.
On May 30th, 2017, J. M. Smucker announced the signing of a definitive agreement to acquire the Wesson® oil brand from Conagra Brands, Inc. The Wesson® brand of edible oils has been trusted by consumers for over 100 years. The all-cash transaction, which the Company will fund primarily with debt, is valued at approximately $285 million, prior to an expected tax benefit related to the acquisition with a present value of approximately $45 million. Visit DailyStockTracker.com today and access our complete research report on SJM at:
Westchester, Illinois headquartered Ingredion Inc.'s stock ended 0.30% lower at $120.67. A total volume of 970,989 shares was traded, which was above their three months average volume of 489,610 shares. The Company's shares have advanced 2.09% in the last one month and 0.79% over the previous three months. The stock is trading above its 50-day moving average by 1.53%. Furthermore, shares of Ingredion, which together with its subsidiaries, produces and sells starches and sweeteners for various industries, have an RSI of 63.95.
On June 06th, 2017, Ingredion announced that it applauds the new sugar suspension agreement negotiated by Commerce Secretary Wilbur Ross. The Company supports open borders to facilitate sweetener trade, and appreciates the work of Secretary Ross and Mexico's Economy Minister Guajardo to reach an agreement on this important issue. The new agreement protects against unfair trade practices, while ultimately preserving US jobs and cross-border market access. Get free access to your research report on INGR at:
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