packaged food

Smithfield Foods, Inc. (NASDAQ:SFD) shares are trading higher on Tuesday after it reported better-than-expected fourth-quarter results. Earnings Snapshot The company reported adjusted EPS of 83 cents, beating the consensus of 68 cents. Sales of $4.227 billion, up 7.0% year...

Utz Brands Inc (NYSE: UTZ) reported third-quarter FY23 sales growth of 2.5% year-on-year to $371.85 million, beating the consensus of $370.46 million. Organic net sales increased 3.1% year-over-year. Adjusted gross profit grew 1.9% Y/Y to $135.1 million, while the adjusted gross...

The Simply Good Foods Co.'s (NASDAQ: SMPL) fourth-quarter FY23 sales increased 16.9% year-over-year to $320.418 million, marginally missing the consensus of $320.77 million.  Adjusted EPS of $0.45 came in line with the consensus. Gross profit was $120.5 million for the fourth...

With health and wellness becoming increasingly popular in the United States, it’s no surprise that weight-loss drugs like Ozempic and Wegovy have gone viral on TikTok and other social platforms. Morgan Stanley (NYSE: MS) outlined various industries that are set to be impacted by the public...

As the cost of living in the U.S. keeps soaring, Americans seem to be shunning comfort food, despite the necessity to eat. Notably, packaged-food manufacturers are witnessing a significant drop in their product sales. This shift in consumer behavior is sparking curiosity and concern among industry...

McCormick & Company, Incorporated (NYSE: MKC) is nearing an $800 million deal to acquire hot-sauce maker Cholula from private-equity firm L Catterton, the Wall Street Journal reports. The acquisition talks could finalize by Tuesday if the deal doesn't fall apart. What Happened:...

Kraft Heinz Co (NASDAQ: KHC) is trading at a 40% valuation discount versus its peers and represents a good buying opportunity for investors, according to BofA Securities. The Kraft Heinz Analyst Bryan Spillane upgraded Kraft Heinz's stock from Neutral to Buy with a price target lifted from $32...

Bumble Bee Foods, North America's largest branded shelf-stable seafood company, has announced that it will use the SAP cloud platform blockchain to trace the movement of yellowfin tuna from the Indonesian ocean to the consumer's cart. The seafood behemoth has traditionally shown interest...

The dynamics of the entire food packaging business changed after Kellogg Company (NYSE: K) decided to exit its direct store delivery snack network to operate a warehouse model. The distribution method that packaged food companies use is becoming increasingly important to investors, according to...

Flowers Foods, Inc. (NYSE: FLO), a producer and marketer of packaged bakery foods, is an underappreciated stock with low expectations but should be able to deliver above-consensus results in 2018, according to KeyBanc. The Analyst KeyBanc Capital Markets' David Carlson initiated coverage of...

Sensient Technologies Corporation (NYSE: SXT), a manufacturer and marketer of colors, flavors, and fragrances for the food and beverage industry, reported fourth quarter results last week that, despite falling short of expectations, turned one analyst bullish. The Analyst Gabelli & Company...

Analysts at Stifel cited four reasons to turn bullish on Conagra Brands Inc (NYSE: CAG). The firm's Christopher Growe upgraded Conagra's stock rating from Hold to Buy with a price target boosted from $36 to $38 after hosting a meeting with senior members of the company's management team. 1....

There is a strong interest in packaged food shares following a report that 3G is raising $8 billion–$10 billion from potential investors. The money is expected to fund the next acquisition target, according to Brazil Journal. While 3G has not indicated a specific target, the focus is said to...

With Kellogg Company (NYSE: K) currently trading at a 3 percent discount to large-cap packaged food peers, Citi’s David Driscoll believes that that is “significant room for upside over the next 12 months.” Driscoll reiterated a Buy rating on the company, while raising the price...

Here's some irony for you: while the U.S. public faces an obesity epidemic, health-related stocks are looking lean and mean these days. Growing concerns over the costs to America in terms of productivity, healthcare costs and even an enjoyable lifestyle from obesity and other issues is indeed...