Processed and Packaged Goods Stocks Uunder Scanner -- Flowers Foods, Kellogg, J. M. Smucker, and SunOpta
Aug 24, 2016, 07:45 ET
NEW YORK, August 24, 2016 /PRNewswire/ --
Stock-Callers.com is closely looking at four familiar stocks in the Consumer Goods space: Flowers Foods Inc. (NYSE: FLO), Kellogg Co. (NYSE: K), The J. M. Smucker Co. (NYSE: SJM), and SunOpta Inc. (NASDAQ: STKL). These equities belong in the Processed and Packaged Goods industry which includes manufacturers and distributors of food, beverages, home products, and personal-care products to retailers. You can access of our complimentary research reports on these stocks now at: http://stock-callers.com/registration
Flowers Foods
Thomasville, Georgia headquartered Flowers Foods Inc.'s shares fell 0.52%, closing Tuesday's trading session at $15.23. The stock recorded a trading volume of 1.68 million shares. Shares of the Company are trading 14.44% below their 50-day moving average. Additionally, shares of Flowers Foods, which produces and markets bakery products in the US, have a Relative Strength Index (RSI) of 31.13.
On August 10th, 2016, research firm Pivotal Research Group reiterated its 'Sell' rating on the Company's stock with a decrease of the target price from $8 a share to $4 a share.
On August 19th, 2016, Flowers Foods announced that its board of directors has declared a quarterly dividend of $0.16 per share, an increase of 10.3% over the same quarter last year. This is the 56th consecutive quarterly dividend paid by the company and is payable on September 16th, 2016 to shareholders of record on September 2nd, 2016. Visit us today and download your complete report on FLO for free at: http://stock-callers.com/registration/?symbol=FLO
Kellogg
On Tuesday, shares in Battle Creek, Michigan headquartered Kellogg Co. recorded a trading volume of 849,698 shares. The stock saw a slight decline of 0.43%, ending the day at $82.69. The Company's shares have advanced 11.51% in the previous three months and 15.96% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 1.64% and 10.50%, respectively. Furthermore, shares of Kellogg, which manufactures and markets ready-to-eat cereal and convenience foods, have an RSI of 53.80.
On August 4th, 2016, Kelogg reported Q2 2016 revenue of $3.27 billion, down 6.6% compared to Q2 2015 revenue of $3.50 billion. The company's net income was $280 million, or $0.79 per diluted share, in Q2 2016, as compared to net income of $223 million, or $0.63 per diluted share, in the year ago period.
On August 05th, 2016, research firm RBC Capital Markets reiterated its 'Sector Perform' rating on the Company's stock with an increase of the target price from $82 a share to $86 a share. The complimentary research report on K can be accessed at: http://stock-callers.com/registration/?symbol=K
The J. M. Smucker
Orrville, Ohio headquartered The J. M. Smucker Co.'s stock finished the day 8.07% lower at $143.63. A total volume of 5.38 million shares was traded, which was above their three months average volume of 1.01 million shares. The Company's shares have gained 12.82% in the previous three months and 18.24% since the start of this year. The stock is trading above its 200-day moving average by 9.76%. Additionally, shares of J. M. Smucker, which manufactures and markets branded food and beverage products worldwide, have an RSI of 33.38.
On August 23rd, 2016, J. M. Smucker reported Q1 2017 net sales of $1.82 billion, down 7% compared to Q1 2016 net sales of $1.95 billion, reflecting the impact of the divested U.S. canned milk business and price declines. The company posted operating income of $293.8 million in the reported quarter, up 10% on y-o-y basis. J. M. Smucker's net income was $1.46 per share, up 28% compared to Q1 2016 net income of $1.14 per share. Register for free on Stock-Callers.com and download the PDF research report on SJM at: http://stock-callers.com/registration/?symbol=SJM
SunOpta
Shares in Brampton, Canada headquartered SunOpta Inc. ended yesterday's session 0.61% higher at $6.55. The stock recorded a trading volume of 342,084 shares. The Company's shares have advanced 25.00% in the last one month and 100.31% over the previous three months. The stock is trading 25.67% above its 50-day moving average and 19.93% 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 71.56.
On August 10th, 2016, SunOpta reported revenues of $348.1 million for Q2 2016, versus $277.6 million in Q2 2015, an increase of 25.4%. The company posted loss from continuing operations of $4.1 million, or $0.05 per diluted share, in Q2 2016 compared to earnings from continuing operations of $4.8 million, or $0.07 per diluted share, in Q2 2015.
On August 11th, 2016, research firm DA Davidson reiterated its 'Buy' rating on the Company's stock with an increase of the target price from $7 a share to $7.50 a share. Get free access to your research report on STKL at: http://stock-callers.com/registration/?symbol=STKL
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