This Morning's Technical Outlook on Food Stocks -- Blue Buffalo Pet Products, Kraft Heinz, Pilgrim's Pride, and Sanderson Farms
Jan 24, 2018, 06:10 ET
NEW YORK, Jan. 24, 2018 /PRNewswire/ --
WallStEquities.com strives to bring the best free research to the investment community. Today we are offering reports on BUFF, KHC, PPC, and SAFM which can be accessed for free by signing up to www.wallstequities.com/registration. WallStEquities.com has issued research reports on Blue Buffalo Pet Products Inc. (NASDAQ: BUFF), The Kraft Heinz Co. (NASDAQ: KHC), Pilgrim's Pride Corp. (NASDAQ: PPC), and Sanderson Farms Inc. (NASDAQ: SAFM). These stocks belong to the Major Diversified Food sector, which encompasses companies that prepare agricultural products for consumer consumption, and often have many different lines of brands that they market and sell. All you have to do is sign up today for this free limited time offer by clicking the link below.
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Blue Buffalo Pet Products
Wilton, Connecticut headquartered Blue Buffalo Pet Products Inc.'s shares declined 1.04%, closing Tuesday's trading session at $33.21. The stock recorded a trading volume of 522,277 shares. The Company's shares have advanced 4.73% in the last month, 17.43% over the previous three months, and 34.34% over the past year. The stock is trading 6.25% above its 50-day moving average and 25.46% above its 200-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 57.59.
On January 11th, 2018, Blue Buffalo Pet Products announced that it will release its financial results for Q4 2017 after the market closes on February 27th, 2018. The Company has scheduled a conference call at 5:00 p.m. ET that same day, during which William "Billy" Bishop, CEO, and Mike Nathenson, CFO, will discuss the Company's results and answer questions from the investment community.
On January 16th, 2018, research firm Citigroup reiterated its 'Buy' rating on the Company's stock with an increase of the target price from $33 a share to $39 a share. Get the full research report on BUFF for free by clicking below at: www.wallstequities.com/registration/?symbol=BUFF
Kraft Heinz
On Tuesday, shares in Pittsburgh, Pennsylvania-based The Kraft Heinz Co. recorded a trading volume of 2.72 million shares. The stock rose slightly by 0.12%, ending the day at $80.27. The Company's shares have advanced 3.73% in the past month and 4.64% in the previous three months. The stock is trading above its 50-day moving average by 1.50%. Furthermore, shares of Kraft Heinz, which manufactures and sells various food products to consumers, and foodservice and institutional customers in North America, Europe, the Asia/Pacific, Latin America, the Russian Federation, India, Middle-East, and Africa, have an RSI of 60.01.
On January 19th, 2018, research firm Jefferies initiated a 'Buy' rating on the Company's stock, with a target price of $95 per share.
On January 22nd, 2018, Kraft Heinz announced that it will release its Q4 and full-year 2017 financial results on February 16th, 2018, before the market opens. The Company will host a conference call at 8:00 a.m. EST that same day to review and discuss the results, followed by a question-and-answer session with analysts. The earnings release and live audio webcast of the earnings conference call can be accessed under the investor page of the Company's website. KHC's complimentary research coverage is a few simple steps away at: www.wallstequities.com/registration/?symbol=KHC
Pilgrim's Pride
Greeley, Colorado headquartered Pilgrim's Pride Corp.'s stock finished the day 0.80% lower at $30.97 with a total trading volume of 811,095 shares. The Company's shares have advanced surged 65.70% over the past year. The stock is trading above its 200-day moving average by 11.32%. 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 47.98. Register for your free research report on PPC at: www.wallstequities.com/registration/?symbol=PPC
Sanderson Farms
Shares in Laurel, Mississippi headquartered Sanderson Farms Inc. ended yesterday's session 0.12% lower at $136.12. The stock recorded a trading volume of 421,739 shares. The Company's shares have surged 50.63% over the past year. The stock is trading 0.08% below its 200-day moving average. Moreover, shares of Sanderson Farms, which produces, processes, markets, and distributes fresh, frozen, and prepared chicken products in the US, have an RSI of 41.38.
On January 18th, 2018, Sanderson Farms announced that its Board of Directors has declared a regular quarterly cash dividend of $0.32 per share, payable on February 13th, 2018. to stockholders of record on January 30th, 2018. Wall St. Equities' downloadable research report on SAFM available at: www.wallstequities.com/registration/?symbol=SAFM
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