Pre-Market Technical Pulse on Food Stocks -- Blue Buffalo Pet Products, Kraft Heinz, Pilgrim's Pride, and Lamb Weston
NEW YORK, August 11, 2017 /PRNewswire/ --
If you want a Stock Review on BUFF, KHC, PPC, or LW then come over to http://dailystocktracker.com/register/ and sign up for your free customized report today. DailyStockTracker.com today reviews the performances of Blue Buffalo Pet Products Inc. (NASDAQ: BUFF), The Kraft Heinz Co. (NASDAQ: KHC), Pilgrim's Pride Corp. (NASDAQ: PPC), and Lamb Weston Holdings Inc. (NYSE: LW). Major Diversified Food companies manufacture and market a variety of different packaged food products, including snacks, dairy products, packaged dinners, and processed meats, among many other offerings. Sign up today on DailyStockTracker.com and download our free research reports on these featured stocks at:
http://dailystocktracker.com/register/
Blue Buffalo Pet Products
Wilton, Connecticut headquartered Blue Buffalo Pet Products Inc.'s stock finished Thursday's session 2.55% lower at $22.55. A total volume of 2.98 million shares was traded, which was above their three months average volume of 1.58 million shares. The Company's shares are trading 2.01% below their 50-day moving average. Additionally, shares of the Company, which through its subsidiary, Blue Buffalo Company, Ltd, operates as a pet food company in the US, Canada, Japan, and Mexico, have a Relative Strength Index (RSI) of 48.54.
On July 31st, 2017, Blue Buffalo Pet Products (BUFF) and Tractor Supply Co. have announced a promotional partnership to help raise funds in support of FFA and agricultural education. For each 30-pound bag of Blue Buffalo Adult Chicken & Brown Rice, Adult Lamb & Brown Rice, or Adult Large Breed Chicken & Brown Rice purchased at Tractor Supply stores in the U.S. from July 31st, 2017 through October 01st, 2017, BUFF will make a donation to the National FFA Organization.
On August 09th, 2017, research firm JP Morgan reiterated its 'Overweight' rating on the Company's stock with an increase of the target price from $25 a share to $26 a share. BUFF complete research report is just a click away at:
http://dailystocktracker.com/registration/?symbol=BUFF
Kraft Heinz
On Thursday, shares in Pittsburgh, Pennsylvania headquartered The Kraft Heinz Co. recorded a trading volume of 3.01 million shares, which was above their three months average volume of 2.82 million shares. The stock ended the session 0.66% lower at $85.89. The Company's shares have advanced 1.40% in the last one month. The stock is trading 2.30% below its 50-day moving average. Moreover, shares of Kraft Heinz, which manufactures and markets food and beverage products in the US, Canada, Europe, and internationally, have an RSI of 41.12.
On August 03rd, 2017, Kraft Heinz announced that its Board of Directors approved an increase in the Company's quarterly dividend to $0.625 per share of common stock, or $2.50 per share of common stock, on an annual basis. This represents an increase of approximately 4.2%, versus the prior quarterly dividend rate of $0.60 per share, or $2.40 on an annual basis. The dividend is payable on September 15th, 2017, to shareholders of record as of August 18th, 2017. The complimentary report on KHC can be downloaded at:
http://dailystocktracker.com/registration/?symbol=KHC
Pilgrim's Pride
Greeley, Colorado headquartered Pilgrim's Pride Corp.'s shares closed the day 1.76% higher at $26.65. The stock recorded a trading volume of 1.26 million shares. The Company's shares have gained 23.55% in the last month, 7.37% over the previous three months, and 40.34% on an YTD basis. The stock is trading 14.62% and 24.01% above its 50-day and 200-day moving averages, respectively. Additionally, shares of Pilgrim's Pride, which engages in the production, processing, marketing, and distribution of fresh, frozen, and value-added chicken products to retailers, distributors, and foodservice operators in the US, Mexico, and Puerto Rico, have an RSI of 78.58.
On August 02nd, 2017, Pilgrim's Pride reported Q2 2017 financial results. Net sales for the quarter were $2.25 billion; net income was $233.6 million; GAAP EPS was $0.94; adjusted EBITDA was $420.6 million; and cash flow from operations was $254.7 million. For Q2 2017, operating income margins for the US and Mexico operations were 14.8% and 22.1%, respectively. Sign up for your complimentary report on PPC at:
http://dailystocktracker.com/registration/?symbol=PPC
Lamb Weston
Shares in Eagle, Idaho headquartered Lamb Weston Holdings Inc. finished 1.91% higher at $44.34. The stock recorded a trading volume of 619,978 shares. The Company's shares have advanced 0.77% in the last one month, 5.07% in the previous three months, and 17.15% on an YTD basis. The stock is trading above its 200-day moving average by 9.83%. Furthermore, shares of Lamb Weston, which produces and markets value-added frozen potato products worldwide, have an RSI of 51.56.
On July 20th, 2017, Lamb Weston's Board of Directors declared a quarterly dividend of $0.1875 per share of the Company's common stock. The dividend is payable on September 01st, 2017, to stockholders of record at the close of business on August 04th, 2017. Download the research report for free on LW at:
http://dailystocktracker.com/registration/?symbol=LW
--
Daily Stock Tracker:
Daily Stock Tracker (DST) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. DST has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.
DST has not been compensated; directly or indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES:
The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email [email protected]. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by DST. DST is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way. NO WARRANTY
DST, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. DST, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, DST, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
NOT AN OFFERING
This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither DST nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit
http://dailystocktracker.com/disclaimer/
CONTACT
For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Email: [email protected]
Phone number: (207)331.3313
Office Address: 377 Rivonia Boulevard, Rivonia, South Africa
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE Chelmsford Park SA
Share this article