NEW YORK, December 9, 2016 /PRNewswire/ --
Stock-Callers.com has on its radar four Processed and Packaged Goods equities, which are: General Mills Inc. (NYSE: GIS), Mead Johnson Nutrition Co. (NYSE: MJN), Treehouse Foods Inc. (NYSE: THS), and McCormick & Co. Inc. (NYSE: MKC). As per Research and Markets' report, "World Packaged Food - Market Opportunities and Forecasts, 2014 - 2020", the global packaged food market is expected to bring in revenue of $3.03 trillion by 2020, registering a compound annual growth rate (CAGR) of 4.5% from 2015 to 2020. The Dublin-based market research company attributes the growth of the global packaged food market to rising demand from emerging economies. Sign up today and download for free the research reports for the stocks covered today at:
At the close on Thursday, shares in Minneapolis, Minnesota headquartered General Mills Inc. saw a slight drop of 0.81%, ending the day at $62.48. The stock recorded a trading volume of 2.65 million shares. The Company's shares have advanced 11.58% on an YTD basis. The stock is trading above its 50-day moving average by 1.11%. Moreover, shares of General Mills, which manufactures and markets branded consumer foods in the US, have a Relative Strength Index (RSI) of 54.83.
On December 5th, 2016, General Mills announced a new global organizational structure that will support growth and drive greater efficiency by streamlining the company's leadership, maximizing global scale, and increasing operational agility. The company noted that Jeff Harmening, President and Chief Operating Officer, has assumed global operations responsibilities reporting to Chairman and CEO Ken Powell. As part of this new structure, the company is eliminating the position of International Chief Operating Officer. Effective January 01st, 2017, four business groups will report directly to Harmening, each led by a Group President. GIS complete research report is just a click away at:
Mead Johnson Nutrition
Shares in Glenview, Illinois headquartered Mead Johnson Nutrition Co. ended the day 0.37% lower at $72.46 with a total trading volume of 1.10 million shares. The stock is trading below its 50-day moving average by 4.19%. Shares of the Company, which manufactures, distributes, and sells infant formulas, children's nutrition, and other nutritional products, have an RSI of 46.88. The complimentary report on MJN can be downloaded at:
On Thursday, shares in Oak Brook, Illinois-based Treehouse Foods Inc. finished 1.74% higher at $72.99 with a total trading volume of 938,966 shares. The stock has advanced 6.23% in the last one month. The Company's shares are trading below their 50-day moving average by 6.68%. Additionally, shares of Treehouse Foods, which operates as a food and beverage manufacturer in the US and Canada, have an RSI of 53.43.
On November 3rd, 2016, TreeHouse Foods announced that Christopher D. Sliva has tendered his resignation as President in order to pursue another career opportunity. The company state that Dennis F. Riordan, Executive Vice President and Chief Financial Officer, whose upcoming retirement was announced in August, has committed to remain with the Company and serve as President while the Company conducts a search for a new President. Mr. Riordan will have oversight of both of the operating companies - Bay Valley Foods and TreeHouse Private Brands. In a separate press release, the Company announced the appointment of Matthew J. Foulston as Executive Vice President and Chief Financial Officer of TreeHouse Foods, effective no later than December 02nd, 2016. Sign up for your complimentary report on THS at:
Sparks, Maryland-based McCormick & Co. Inc.'s shares recorded a trading volume of 551,304 shares at the end of yesterday's session. The stock closed the day 0.54% lower at $91.42. The Company's shares have advanced 8.23% since the start of this year. The stock is trading below its 50-day moving average by 2.44%. Additionally, shares of McCormick, which manufactures, markets, and distributes spices, seasoning mixes, condiments, and other flavorful products to the food industry, have an RSI of 47.79.
On November 29th, 2016, the McCormick's Board of Directors declared an increase in the quarterly dividend from $0.43 to $0.47 per share on its common stocks, payable January 17th, 2017 to shareholders of record December 30th, 2016. This marks the 31st consecutive year that the Company has increased its quarterly dividend. At $0.47, the quarterly dividend is more than double the amount paid in 2007. McCormick has paid dividends each year since 1925.
On December 6th, 2016, research firm Bank of America/ Merrill initiated a 'Buy' rating on the Company's stock, issuing a target price of $100 per share. Download the research report for free on MKC at:
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