Food Companies

Global food giant Kraft Heinz Co (NASDAQ: KHC)'s venture fund Evolv Ventures has invested $12 million in a cashierless checkout company, Zippin. What Happened Zippin combines computer vision, artificial intelligence and sensor fusion technology to create a checkout experience...

Warren Buffett told CNBC reports of any tension with 3G Capital related to their joint Kraft Heinz Co (NASDAQ: KHC) investment are untrue. What Happened Buffett's Berkshire Hathaway Inc. (NYSE: BRK-A) (NYSE: BRK-B) teamed up with 3G Capital to become a major shareholder of the food company in...

Investors assuming Kraft Heinz Co (NASDAQ: KHC)'s business can't get any worse are likely wrong, according to Wolfe Research. The Analyst Wolfe Research's Scott Mushkin downgraded Kraft Heinz from Peer Perform to Underperform with a fair value price target lowered from $33 to $27. The...

Shares of food company Kraft Heinz Co (NASDAQ: KHC) were trading lower by 25 percent early Friday in reaction to a concerning earnings report, dividend reduction and disclosure of a SEC investigation. What Happened Kraft Heinz said after the close Thursday that it earned 84 cents per...

Food company Hain Celestial Group Inc (NASDAQ: HAIN) hosted a sell-side presentation led by new CEO Mark Schiller that left two Street analysts wanting more insight on the company's strategy and outlook. The Analysts BMO Capital Markets' Amit Sharma maintains a Market Perform rating on Hain...

After months of back-and-forth between Campbell Soup Co. (NYSE: CPB) and activist investor Third Point LLC regarding the addition of board members and company involvement, the two have reached a deal.  What Happened Following its annual shareholder meeting Nov. 29, Campbell will...

Kellogg Company (NYSE: K), the food company that oversees more than 1,600 products worldwide, said Monday it will make major changes to its business structure. What Happened Kellogg is making four changes to its Kellogg's North American, or KNA, business: Consolidating morning foods,...

Activist investor and major Campbell Soup Company (NYSE: CPB) shareholder Dan Loeb is pushing the soup company to sell itself, but this is an unlikely outcome, according to JPMorgan. The Analyst JPMorgan's Ken Goldman downgraded Campbell Soup from Neutral to Underweight with an unchanged $...

Packaged food giant Conagra Brands Inc (NYSE: CAG) confirmed Wednesday morning it has reached an agreement to acquire Pinnacle Foods Inc (NYSE: PF) for $8.1 billion, or $10.9 billion including debt. The deal announcement sent shares of Conagra lower by nearly 9 percent while Pinnacle Foods'...

Kraft Heinz Co (NASDAQ: KHC) is a global food giant with No. 1 or No. 2-ranked market share in 17 different categories. But at the same time, Credit Suisse finds multiple reasons investors should drop their bullishness on the stock.  The Analyst Credit Suisse's Robert Moskow downgraded...

Hershey Co (NYSE: HSY)'s earnings report sent the stock tumbling throughout Thursday's session and prompted at least one analyst to no longer hold a bullish stance. The Analyst Credit Suisse's Robert Moskow downgraded Hershey's stock from Outperform to Neutral with a...

Tyson Foods, Inc. (NYSE: TSN) reported its fiscal fourth quarter earnings this week. The food producer more than expected, partly due to lower costs. The Analyst Argus' John Staszak upgraded Tyson's stock rating from Hold to Buy with a $90 price target. The Thesis Tyson's...

Many food stocks, especially J M Smucker Co (NYSE: SJM), have underperformed the broader market throughout 2017 for reasons including poor sales trends, slow growth prospects, changing consumer preferences and competitive issues. The Analyst Susquehanna Financial Group's Pablo Zuanic upgraded...

Shares of Calyxt Inc (NASDAQ: CLXT) gained more than 7 percent Monday after analysts at BMO Capital Markets initiated coverage of the food and agriculture company with a bullish rating. The firm's Kenneth Zaslow slapped an Outperform rating on Calyxt's stock with a $32 price target. Calyxt is...