NEW YORK, March 8, 2017 /PRNewswire/ --
Processed and Packaged Goods companies transform livestock and agricultural products into products for intermediate or final consumption. The main driving force of the industry is technological innovation; the biggest challenge comes from the increased focus of the population on healthy foods and the rejection of processed foods. Ahead of today's trading session, Stock-Callers.com monitors the performances of Hostess Brands Inc. (NASDAQ: TWNK), McCormick & Co. Inc. (NYSE: MKC), Treehouse Foods Inc. (NYSE: THS), and B&G Foods Inc. (NYSE: BGS). Learn more about these stocks by accessing their free research reports at:
Kansas City, Missouri-based Hostess Brands Inc.'s shares saw a decline of 3.59%, finishing Tuesday's trading session at $14.78. A total volume of 1.24 million shares was traded, which was higher than their three months average volume of 970,990 shares. In the last month and since the start of this year, the stock has advanced 1.58% and 13.69%, respectively. The Company's shares are trading above their 50-day and 200-day moving averages by 2.52% and 2.52%, respectively. Moreover, shares of Hostess Brands, which engages in developing, manufacturing, marketing, selling, and distributing fresh baked sweet goods in the US, have a Relative Strength Index (RSI) of 47.66.
On February 15th, 2017, research firm Deutsche Bank initiated a 'Buy' rating on the Company's stock, with a target price of $18 per share.
On March 07th, 2017, Hostess Brands announced that it will report results for Q4 and full year 2016 on March 14, 2017, after market close. The Company will host a conference call to discuss these results at 3:30 p.m. CT. Free research report on TWNK is available at:
On Tuesday, shares in Sparks, Maryland-based McCormick & Co. Inc. recorded a trading volume of 547,005 shares and ended the session 0.24% lower at $99.00. The stock has gained 3.28% in the last one month, 11.74% over the previous three months, and 6.08% on an YTD basis. The Company's shares are trading 4.23% above their 50-day moving average and 2.55% above their 200-day moving average. Furthermore, shares of McCormick, which manufactures, markets, and distributes spices, seasoning mixes, condiments, and other flavorful products to the food industry, have an RSI of 62.20.
On January 25th, 2017, McCormick reported a 2% sales increase on a y-o-y basis in Q4 2016, which included an unfavorable impact of 2% from foreign currency exchange rates. The Company's operating income was $219 million in Q4 2016 compared to $212 million in Q4 2015. McCormick's earnings per share were $1.24 in Q4 2016 compared to $1.16 in Q4 2015.
On February 15th, 2017, research firm Deutsche Bank initiated a 'Hold' rating on the Company's stock, with a target price of $102 per share. The complimentary research report on MKC can be downloaded at:
Shares in Oak Brook, Illinois-based Treehouse Foods Inc. closed at $85.13, slightly down 0.35% from the last trading session. The stock recorded a trading volume of 322,630 shares. The Company's shares have gained 11.47% in the last one month, 26.78% in the previous three months, and 17.92% on an YTD basis. The stock is trading 10.12% above its 50-day moving average. Additionally, shares of Treehouse Foods, which operates as a food and beverage manufacturer in the US and Canada, have an RSI of 64.29.
On February 09th, 2017, TreeHouse reported Q4 2016 GAAP loss per fully diluted share of $4.96 compared to earnings of $0.85 reported for Q4 2015. The Company reported adjusted earnings per fully diluted share in Q4 2016 of $1.14 compared to earnings of $1.08 for Q4 2015. The Company's net sales for Q4 2016 totaled $1.78 billion, up 105.3% compared to $865.4 million in Q4 2015.
On February 10th, 2017, research firm Stifel reiterated its 'Buy' rating on the Company's stock with an increase of the target price from $83 a share to $93 a share. Visit us today and access our complete research report on THS at:
Parsippany, New Jersey headquartered B&G Foods Inc.'s stock ended 0.71% lower at $41.90 with a total trading volume of 533,142 shares. The Company's shares are trading below their 50-day moving average by 5.71%. Shares of the Company, which manufactures, sells, and distributes a portfolio of shelf-stable, and frozen food and household products in the US, Canada, and Puerto Rico, have an RSI of 31.18.
On February 21st, 2017, B&G Foods announced that its Board of Directors has declared a regular quarterly cash dividend of $0.465 per share of its common stock. The dividend is payable on May 01st, 2017, to shareholders of record as of March 31st, 2017. This is the 50th consecutive quarterly dividend declared by the Board since B&G Foods' initial public offering in October 2004. Get free access to your research report on BGS at:
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