NEW YORK, January 3, 2017 /PRNewswire/ --
Companies in the Processed and Packaged Goods industry are considered consumer staples in as much as they sell products that are consumed all year round in all economic cycles, such as basic foods and beverages. Pre-market, Stock-Callers.com takes a closer look at four equities to see how they have fared over the previous trading sessions: Conagra Brands Inc. (NYSE: CAG), Flowers Foods Inc. (NYSE: FLO), Campbell Soup Co. (NYSE: CPB), and Snyder's-Lance Inc. (NASDAQ: LNCE). Learn more about these stocks by accessing their free research reports at:
Shares in Chicago, Illinois headquartered Conagra Brands Inc. ended Friday's session 0.58% lower at $39.55 with a total trading volume of 2.52 million shares. The stock has advanced 7.80% in the last month, 8.44% over the previous three months, and 23.30% on an YTD basis. The Company's shares are trading 5.66% above their 50-day moving average and 10.13% above their 200-day moving average. Moreover, shares of Conagra Brands, which together with its subsidiaries, operates as a food company in North America, have a Relative Strength Index (RSI) of 61.23.
On December 22nd, 2016, Conagra reported that its Q2 FY17 net sales decreased 11.5% to $2.09 billion as a result of volume declines associated with the Company's actions to build a higher quality revenue base, divestitures, and foreign exchange. During Q2 FY17, Conagra's diluted EPS from continuing operations increased 44.4% y-o-y from $0.18 to $0.26, and adjusted diluted EPS from continuing operations increased 25.6% to $0.49.
On December 23rd, 2016, research firm Credit Suisse reiterated its 'Neutral' rating on the Company's stock with an increase of the target price from $35 a share to $40 a share. Free research report on CAG is available at:
Thomasville, Georgia headquartered Flowers Foods Inc.'s shares saw a slight decline of 0.20%, closing the day at $19.97. A total volume of 1.78 million shares was traded. The stock has advanced 28.67% in the last month and 33.45% over the previous three months. The Company's shares are trading 20.00% and 17.75% above their 50-day and 200-day moving averages, respectively. Additionally, shares of Flowers Foods, which produces and markets bakery products in the US, have an RSI of 73.66.
On December 15th, 2016, research firm KeyBanc Capital Markets upgraded the Company's stock rating from 'Sector Weight' to 'Overweight'.
On December 22nd, 2016, Flowers Foods announced that R. Steve Kinsey, Executive Vice President and Chief Financial Officer, has exercised stock options for 113,400 shares and consequently increased his direct ownership from 225,305 shares of Flowers Foods' common stock to 248,803 shares, which is well in excess of the Company's stock ownership guidelines. Solely to cover the exercise price and related tax liability, Mr. Kinsey sold shares of Flowers Foods' common stock obtained through this option exercise in the open market. The complimentary research report on FLO can be downloaded at:
Last Friday, shares in Camden, New Jersey headquartered Campbell Soup Co. declined 0.79%, closing the session at $60.47. The stock recorded a trading volume of 1.20 million shares. The Company's shares have advanced 6.29% in the last one month, 11.27% over the previous three months, and 17.63% on an YTD basis. The stock is trading 7.16% above its 50-day moving average and 1.52% above its 200-day moving average. Furthermore, shares of Campbell Soup, which together with its subsidiaries, manufactures and markets food and beverage products, have an RSI of 67.24.
On December 20th, 2016, Campbell Soup announced the launch of Well Yes!, a new ready-to-serve soup-line that features clean, simple, and nutritious ingredients. The innovative line of soups showcases ingredients that people know and understand, including wholesome grains, meats, and vegetables. Visit us today and access our complete research report on CPB at:
Charlotte, North Carolina headquartered Snyder's-Lance Inc.'s stock finished the session 0.18% lower at $38.34 with a total trading volume of 235,985 shares. The Company's shares have advanced 2.90% in the last month, 14.67% in the previous three months, and 13.96% on YTD basis. The stock is trading above its 50-day and 200-day moving averages by 3.60% and 13.17%, respectively. Additionally, shares of Snyder's-Lance, which manufactures, distributes, markets, and sells snack food products in the US, have an RSI of 57.61.
On November 28th, 2016, Snyder's-Lance, announced that the Company has signed a definitive agreement to sell its Diamond of California® culinary nut business to Blue Road Capital. The Company stated that the sale of Diamond of California® aligns with its strategy to focus more resources on the growth opportunities for its core brands. In agreement with the buyer, specific terms of the transaction have not been disclosed. Get free access to your research report on LNCE at:
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