Pre-Market Technical Pulse on Processed & Packaged Goods Stocks -- Snyder's Lance, SunOpta, Hostess Brands, and Treehouse Foods
29 Aug, 2017, 06:45 ET
NEW YORK, August 29, 2017 /PRNewswire/ --
If you want a Stock Review on LNCE, STKL, TWNK, or THS then come over to http://dailystocktracker.com/register/ and sign up for your free customized report today. Research coverage has been initiated by DailyStockTracker.com on Snyder's-Lance Inc. (NASDAQ: LNCE), SunOpta Inc. (NASDAQ: STKL), Hostess Brands Inc. (NASDAQ: TWNK), and Treehouse Foods Inc. (NYSE: THS). Processed and Packaged Goods companies, for the most part, are considered consumer staples in as much as they sell products, such as basic foods and beverages, that are consumed all year round in all economic cycles. Sign up today on DailyStockTracker.com and download our free research reports on these featured stocks at:
Charlotte, North Carolina headquartered Snyder's-Lance Inc.'s stock finished Monday's session 0.28% higher at $35.96 with a total trading volume of 382,803 shares. The Company's shares have advanced 1.24% in the past month. The stock is trading 0.70% above its 50-day moving average. Additionally, shares of Snyder's-Lance, which manufactures, distributes, markets, and sells snack food products in the US, have a Relative Strength Index (RSI) of 46.92.
On August 08th, 2017, Snyder's-Lance reported financial results for Q2 ended July 01st, 2017. In Q2 2017, total net revenue was $579.6 million; operating income was $22.4 million; net interest expense was $9.5 million; and adjusted EBITDA from continuing operations was $76.8 million. For the quarter, GAAP net income from continuing operations was $4.3 million; and net income from continuing operations, excluding special items, was $26.8 million. LNCE complete research report is just a click away at:
On Monday, shares in Brampton, Canada headquartered SunOpta Inc. recorded a trading volume of 333,955 shares. The stock ended the session 0.58% higher at $8.60. The Company's shares have advanced 21.99% on an YTD basis. The stock is trading 7.55% above its 200-day moving average. Moreover, shares of SunOpta, which manufactures and markets natural and organic food products and environmental mineral products, have an RSI of 37.54.
On August 09th, 2017, SunOpta announced financial results for Q2 ended July 01st, 2017. Quarter highlights included revenues of $336.5 million and gross profit of $41.7 million. For Q2 2017, adjusted EBITDA was $19.4 million; loss from continuing operations was $0.4 million; and adjusted loss from continuing operations was $0.7 million. The complimentary report on STKL can be downloaded at:
Kansas City, Missouri-based Hostess Brands Inc.'s shares closed the day 0.74% lower at $13.38. The stock recorded a trading volume of 650,817 shares. The Company's shares have gained 2.92% on an YTD basis. The stock is trading 10.41% below its 200-day moving average. Additionally, shares of Hostess Brands, which engages in developing, manufacturing, marketing, selling, and distributing fresh baked sweet goods in the US, have an RSI of 38.62.
On July 31st, 2017, research firm UBS initiated a 'Neutral' rating on the Company's stock, with a target price of $16 per share.
On August 22nd, 2017, Hostess Brands announced that Bill Toler, President and CEO, and Tom Peterson, CFO, will participate in the Barclays Global Consumer Staples Conference on September 06th, 2017, at 4:30 p.m. ET. The presentation can be accessed live under the "News & Events" section of the Company's website. Sign up for your complimentary report on TWNK at:
Shares in Oak Brook, Illinois-based Treehouse Foods Inc. finished 1.61% lower at $66.70. The stock recorded a trading volume of 644,608 shares. The Company's shares are trading below their 200-day moving average by 14.96%. Furthermore, shares of Treehouse Foods, which operates as a food and beverage manufacturer in the US and Canada, have an RSI of 24.23.
On August 03rd, 2017, Treehouse Foods announced its intention to close facilities in Brooklyn Park, Minnesota and Plymouth, Indiana, as well as transition its non-peanut packaging operations out of Dothan, Alabama. The decisions are part of TreeHouse 2020 - the Company's broad based restructuring plan to improve its competitive position and operating margin structure through a comprehensive program of category and customer portfolio management as well as manufacturing and supply-chain optimization.
On August 04th, 2017, research firm BMO Capital Markets reiterated its 'Outperform' rating on the Company's stock with a decrease of the target price from $90 a share to $85 a share. Download the research report for free on THS at:
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.
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
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.
Share this article