NEW YORK, February 21, 2017 /PRNewswire/ --
Companies in the Wholesale Food industry distribute food and related products on a wholesale basis. Demand is driven largely by demographic shifts, particularly trends in population and age, working women, race and ethnicity, household size, and levels of disposable income. Equities in the lineup of Stock-Callers.com today 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:
Last Friday, shares in Houston, Texas headquartered Sysco Corp. ended the session 0.53% lower at $52.35. The stock recorded a trading volume of 3.77 million shares, which was above its three months average volume of 3.53 million shares. The Company's shares are trading 2.70% above their 200-day moving average. Moreover, 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 in the US, Bahamas, Canada, Ireland, Costa Rica, and Mexico, have a Relative Strength Index (RSI) of 39.89.
On February 06th, 2017, Sysco reported that its sales increased 10.7% to $13.56 billion for Q2 FY17 compared to sales of $12.15 billion in Q2 FY16. The Company's gross profit increased 19.2% on a y-o-y basis to $2.6 billion. For Q2 FY17, Sysco reported operating income of $492 million, up 13.8% compared to operating income of $432.58 million in Q2 FY16.
On February 07th, 2017, research firm JP Morgan upgraded the Company's stock rating from 'Neutral' to 'Overweight'. The free research report on SYY is available at:
Lake Success, New York headquartered The Hain Celestial Group Inc.'s stock rose 1.42%, to close the day at $34.95. A total volume of 2.31 million shares was traded, which was above their three months average volume of 1.51 million shares. The Company's shares are trading 10.89% below their 50-day moving average. Additionally, 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 26.13.
On February 16th, 2017, Hain Celestial announced that one of its wholly-owned subsidiaries has entered into a definitive agreement to purchase The Yorkshire Provender Limited. In calendar year 2016 Yorkshire Provender had approximately £6 million in net sales and is expected to be accretive to Hain Celestial's earnings in FY18.
On February 17th, 2017, research firm Argus downgraded the Company's stock rating from 'Buy' to 'Hold'. The complimentary report on HAIN can be downloaded at:
Shares in Rosemont, Illinois headquartered US Foods Holding Corp. recorded a trading volume of 1.42 million shares at the close of the last trading session, which was above their three months average volume of 1.26 million shares. The stock ended the day 2.49% higher at $27.62. The Company's shares have advanced 7.18% in the last one month, 15.08% in the previous three months, and 0.51% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 3.76% and 12.04%, respectively. Furthermore, 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 60.69.
On February 15th, 2017, US Foods reported net sales of $5.7 billion for Q4 2016, down 4.3% on a y-o-y basis, impacted by an extra week of operations in 2015. The Company's operating income was $116 million for Q4 2016, a $64 million increase on a y-o-y basis. The Company's net income for Q4 2016 was $77 million, up from a loss of $10 million in Q4 2015. Visit us today and download our complete research report on USFD for free at:
United Natural Foods
Providence, Rhode Island headquartered United Natural Foods Inc.'s shares finished Friday's session 2.76% lower at $44.32. A total volume of 565,113 shares was traded, which was above their three months average volume of 539,680 shares. The stock is trading below its 200-day moving average by 0.13%. 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 25.07.
On January 31st, 2017, research firm Goldman initiated a 'Neutral' rating on the Company's stock.
On February 15th, 2017, Rhode Island Governor Gina M. Raimondo and the Rhode Island Commerce Corporation announced that United Natural Foods intends to significantly expand its footprint in Rhode Island, with plans to hire 100 new full-time employees by the end of 2018 and a total of 150 new full-time employees by 2020. Get free access to your technical report on UNFI at:
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