NEW YORK, April 12, 2017 /PRNewswire/ --
Companies in the Processed and Packaged Goods industry are considered consumer staples for the most part, in as much as they sell products that are consumed all year round in all economic cycles, such as basic foods and beverages. Today, Stock-Callers.com assesses the performances of the following four stocks: Hostess Brands Inc. (NASDAQ: TWNK), McCormick & Co. Inc. (NYSE: MKC), B&G Foods Inc. (NYSE: BGS), and Treehouse Foods Inc. (NYSE: THS). These stocks research reports can be downloaded now by simply registering for free at:
Kansas City, Missouri-based Hostess Brands Inc.'s stock finished Tuesday's session 1.91% higher at $15.50. A total volume of 1.23 million shares was traded, which was above their three months average volume of 1.04 million shares. Over the previous three months and since the start of this year, the Company's shares have advanced 10.87% and 19.23%, respectively. The stock is trading above its 50-day and 200-day moving averages by 0.58% and 4.03%, 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 47.27.
On April 10th, 2017, Hostess Brands announced the launch of a public offering of approximately 20.1 million shares of its Class A common stock held by certain of its stockholders. The selling stockholders consist of funds managed by affiliates of Apollo Global Management, LLC, offering approximately 18.7 million shares; Gores Sponsor LLC, offering approximately 0.9 million shares; and an entity controlled by C. Dean Metropoulos, offering approximately 0.5 million shares. Your complete research report on TWNK can be retrieved for free at:
Shares in Sparks, Maryland-based McCormick & Co. Inc. declined 0.10%, ending yesterday's session at $99.67. A total volume of 882,677 shares was traded, which was above their three months average volume of 802,250 shares. The stock has gained 11.52% in the previous three months and 7.29% on an YTD basis. The Company's shares are trading 1.49% above their 50-day moving average and 3.33% above their 200-day moving average. Moreover, shares of McCormick, which manufactures, markets, and distributes spices, seasoning mixes, condiments, and other flavorful products to the food industry, have an RSI of 54.06.
On March 29th, 2017, McCormick announced that its Board of Directors declared a quarterly dividend of $0.47 per share on its common stocks payable April 24th, 2017, to shareholders of record on April 10th, 2017. The Company's current annualized dividend rate of $1.88 per share represents an increase of 9% over the annual dividend of $1.72 per share paid in FY16.
On April 05th, 2017, research firm JP Morgan upgraded the Company's stock rating from 'Underweight' to 'Neutral'. A free report on MKC is just a click away at:
On Tuesday, Parsippany, New Jersey headquartered B&G Foods Inc.'s stock rose 0.63%, to close the day at $39.95, with a total trading volume of 426,402 shares. The Company's shares are trading 5.64% below their 50-day moving average. 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 42.70.
On March 17th, 2017, research firm Credit Suisse upgraded the Company's stock rating from 'Neutral' to 'Outperform'.
On April 03rd, 2017, B&G Foods announced that it has completed its previously announced registered public offering of $500.0 million aggregate principal amount of 5.25% senior notes due 2025. The notes are guaranteed on a senior unsecured basis by certain subsidiaries of the Company. Sign up for your complimentary research report on BGS at:
Shares in Oak Brook, Illinois-based Treehouse Foods Inc. ended the day 0.08% higher at $88.42, with a total trading volume of 505,774 shares. The stock has gained 4.11% in the last one month, 24.01% in the previous three months, and 22.48% since the start of this year. The Company's shares are trading above their 50-day and 200-day moving averages by 5.76% and 4.32%, respectively. Furthermore, shares of Treehouse Foods, which operates as a food and beverage manufacturer in the US and Canada, have an RSI 0f 68.66.
On March 28th, 2017, Treehouse Foods announced that Rachel Bishop, currently Senior Vice President and Chief Strategy Officer, will assume the role of President of the Company's Snacks division. Treehouse Foods also announced that Maurice Alkemade will join the Company as Senior Vice President and Chief Strategy Officer, and will report to Sam K. Reed, Chairman and CEO. Register for free on Stock-Callers.com and download the latest research report on THS at:
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