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'Add Spice And Let Simmer,' Deutsche Says Of McCormick
Friday, July 1, 2016 - 1:47pm | 305Read More...Mario Contreras of Deutsche Bank has a simple recipe for McCormick & Company, Incorporated (NYSE: MKC) investors after the company reported its second quarter results: "add spice and let simmer." According to Contreras, McCormick's core U.S. consumer business "appears to be strengthening" due...
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SunOpta Announces Resumption Of Production In Its Facility That Has Been Paused Since Late April
Thursday, June 2, 2016 - 9:32am | 251Read More...SunOpta, Inc. (NASDAQ: STKL), a food company that focuses on a healthy products portfolio, announced late Wednesday it has resumed production of its roasted sunflower kernels at a production facility in Minnesota. The company was forced to pause production at its facility on April 21, after the...
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Jim Cramer Says Tyson Foods Has Evolved From A 'Commodity Company' To A 'Proprietary Company'
Monday, May 9, 2016 - 11:00am | 275Read More...Shares of Tyson Foods, Inc. (NYSE: TSN) hit a new 52-week high of $70.44 Monday morning after the company reported its first quarter results. Tyson Foods said it earned $1.07 per share in the first quarter on revenue of $9.17 billion. Wall Street analysts were expecting the company to earn $0....
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Cramer Talks Sysco, Highlights Nelson Peltz's Involvement In The Company
Monday, May 2, 2016 - 12:28pm | 249Read More...Shares of SYSCO Corporation (NYSE: SYY) gained more than 4 percent on Monday and hit a new 52-week high of $48.19 after the company reported a top and bottom third quarter beat. CNBC's Jim Cramer commented on the run-up in Sysco's stock, which has gained 17 percent since the start of...
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McCormick Announces Acquisition Of Australia-Based Botanical Food Company, Transaction To Be Fully Accretive In 2017
Tuesday, April 19, 2016 - 2:11pm | 276Read More...McCormick & Company, Incorporated (NYSE: MKC) said last week it will no longer pursue an acquisition of UK-based Premier Foods. Instead, the company announced on Tuesday it has entered into an agreement to acquire Botanical Food Company. Botanical Food Company, based in Australia, is a...
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Flowers Foods Reaffirms 2016 Outlook, Revises Long-Term Guidance
Wednesday, April 13, 2016 - 11:40am | 256Read More...Flowers Foods, Inc. (NYSE: FLO), a producer of a line of bakery products, hosted an investor day presentation on Wednesday. As part of the presentation, Flowers Foods' management reaffirmed its 2016 guidance and expects total sales to be in a range of $3.986 billion to $4.090 billion,...
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McCormick Says It Has Completed A Due Diligence Review Of Premier Foods And Will Not Make An Acquisition Offer
Wednesday, April 13, 2016 - 8:44am | 198Read More...McCormick & Company, Incorporated (NYSE: MKC) announced on Wednesday it will no longer pursue an acquisition of UK-based Premier Foods. The manufacturer of spices and condiments announced in late March it was pursuing an acquisition of Premier Foods. However, McCormick announced on Wednesday it...
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McCormick Shares Up 6% Since Disclosing Takeover Talks For Premier Foods
Wednesday, March 30, 2016 - 9:48am | 255Read More...McCormick & Company, Incorporated (NYSE: MKC) has seen its shares gain around 6 percent since the company made its intentions to acquire Premier Foods known. In a public statement issued on March 24, McCormick confirmed that it met with Premier Foods' chairman on February 12, 2015. The...
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McCormick Hits New 52-Week High Following Q1 Earnings Beat
Tuesday, March 29, 2016 - 12:08pm | 354Read More...Shares of McCormick & Company, Incorporated (NYSE: MKC) hit a new 52-week high of $99.90 on Tuesday after the company reported its first quarter results. McCormick said it earned $0.74 per share in the first quarter on revenue of $1.03 billion. Wall Street analysts were expecting the...
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Sysco Provides Update On 3-Year Plan, Boosts Operating Income Growth Target
Monday, February 29, 2016 - 1:07pm | 290Read More...Shares of SYSCO Corporation (NYSE: SYY) were trading higher by nearly 1.50 percent on Monday after the company provided an update to its three-year outlook. Sysco said that it plans on modernizing and adding new capability and functionality to its technological tools. The company noted that...
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United Natural Foods Plunges 15% Following Disappointing Outlook, Acquisition Announcement
Monday, February 29, 2016 - 10:35am | 404Read More...Shares of United Natural Foods, Inc. (NASDAQ: UNFI) plunged more than 15 percent on Monday after the company provided preliminary second quarter and full year fiscal 2016 guidance and an acquisition announcement. United Natural Foods announced it expects to earn $0.43 to $0.45 per share in the...
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General Mills Reaffirms 2016 Guidance, Sales To Decline At A Low Single-Digit Rate
Tuesday, February 16, 2016 - 9:30am | 139Read More...General Mills, Inc. (NYSE: GIS) on Tuesday reaffirmed its key financial targets for its fiscal year ending May 29, 2016. General Mills continues to expect total net sales in a constant currency to decline at a low single-digit rate from 2015's level. The company noted that 2015 included a 53rd week...
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Tyson Foods' Stock Ticks Higher Following Q1 Print
Friday, February 5, 2016 - 8:51am | 329Read More...Shares of Tyson Foods, Inc. (NYSE: TSN) were trading higher by more nearly 4 percent early Friday morning after the company reported its first quarter results. Tyson Foods earned $1.15 per share in the first quarter on revenue of $9.152 billion. Wall Street analysts were expecting the company...
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Conagra Is Splitting Up Into Two Different Public Companies
Wednesday, November 18, 2015 - 9:10am | 361Read More...Shares of ConAgra Foods Inc (NYSE: CAG) have gained more than 13 percent over the past year, but have lost nearly 15 percent since hitting a 52-week high of $45.49 during the summer. ConAgra on Wednesday announced it will split itself into two separate and independent public companies....
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Citigroup Bearish On Food Companies, Downgrades 6 Names
Monday, January 12, 2015 - 11:19am | 391Read More...Citigroup's David Driscoll on Monday downgraded six food manufacturing companies as Nielsen data suggests a continuation of substantial U.S. food volume declines in 2015. “Critically, we see no broad-based evidence in our most recent food, retail scanner data that suggest any optimism...
