NEW YORK, September 7, 2016 /PRNewswire/ --
This morning, Stock-Callers.com's attention is redirected on the Wholesale Food industry which is composed of distributors of frozen, processed, and prepared food and related products on a wholesale basis. Driving growth for companies in this space are population growth and steady consumer demand. Stocks in focus are: Sysco Corp. (NYSE: SYY), The Hain Celestial Group Inc. (NASDAQ: HAIN), US Foods Holding Corp. (NYSE: USFD), and United Natural Foods Inc. (NASDAQ: UNFI). Learn more about these stocks by downloading their free report at:
Houston, Texas headquartered Sysco Corp.'s stock finished Tuesday's session 0.41% higher at $53.46. A total volume of 3.87 million shares was traded, which was above their three months average volume of 3.51 million shares. The Company's shares have advanced 4.31% in the past month, 10.51% in the previous three months, and 33.11% since the start of this year. The stock is trading 3.39% above its 50-day moving average and 15.94% above its 200-day moving average. Additionally, shares of Sysco, which through its subsidiaries, markets and distributes a range of food and related products primarily to the foodservice or food-away-from-home industry, have a Relative Strength Index (RSI) of 66.23.
On August 26th, 2016, Sysco's Board of Directors declared a regular quarterly cash dividend of $0.31 per share, payable on October 28th, 2016, to common shareholders of record at the close of business on October 7th, 2016. The free research report on SYY is available at:
The Hain Celestial Group
On Tuesday, shares in Lake Success, New York headquartered The Hain Celestial Group Inc. recorded a trading volume of 1.22 million shares. The stock ended the session 0.46% higher at $36.82. The Company's shares are trading 14.44% below their 200-day moving average. Moreover, shares of Hain Celestial Group, which manufactures, markets, distributes, and sells organic and natural products in the US, the UK, Canada, and Europe, have an RSI of 25.33.
On August 16th, 2016, research firm Wedbush downgraded the Company's stock rating from 'Outperform' to 'Neutral'. The research firm also revised downwards its previous target price from $51 to $37.
On September 1st, 2016, the company announced that it has received a notification letter dated August 31st, 2016 from the Nasdaq Stock Market, Inc. stating that the company no longer complies with Nasdaq Listing Rule 5250(c)(1), which requires timely filing of reports with the SEC. The complimentary report on HAIN can be downloaded at:
US Foods Holding
Shares in Rosemont, Illinois headquartered US Foods Holding Corp. closed the day 0.16% lower at $24.71. The stock recorded a trading volume of 1.07 million shares, above its three months average volume of 739,570 shares. The Company's shares have gained 4.22% in the last month. The stock is trading 0.83% above its 50-day moving average and 0.82% above its 200-day moving average. Additionally, shares of US Foods Holding, which through its subsidiary, US Foods, Inc., markets and distributes fresh, frozen, and dry food and non-food products to foodservice customers in the US, have an RSI of 53.78.
On August 9th, 2016, the company reported that net sales of $5.8 billion declined 0.6% versus prior year, and sales from acquisitions completed in the last 12 months boosted net sales by 1.3%. The company posted a $13 million net loss for the quarter as higher gross profit and improved operating expenses were offset by a $42 million pre-tax refinancing charge in the quarter related to the retirement of debt. Diluted EPS was ($0.07). Visit us today and download our complete research report on USFD for free at:
United Natural Foods
At the close, shares in Providence, Rhode Island headquartered United Natural Foods Inc. ended at $45.80, up 0.02%. The stock recorded a trading volume of 410,810 shares. The Company's shares have advanced 3.43% in the previous three months and 16.36% on an YTD basis. The stock is trading above its 200-day moving average by 12.64%. Furthermore, shares of United Natural Foods, which together with its subsidiaries, distributes and retails natural, organic, and specialty foods and non-food products in the US and Canada, have an RSI of 36.49.
On August 11th, 2016, the company announced that it has acquired all of the outstanding stock of Gourmet Guru for an undisclosed amount, in an all cash transaction. Founded in 1996, Gourmet Guru is a distributor and merchandiser of fresh and organic food focusing on new and emerging brands. Gourmet Guru had $50 million in net sales for the twelve months ended June 30th, 2016. The transaction is expected to be neutral to the company's FY17 earnings and modestly accretive to earnings in FY18. Get free access to your technical report on UNFI at:
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