Packaged Foods & Meats

Zhongpin Inc. (Nasdaq: HOGS) today announced that it repurchased 460,600 shares of its common stock since August 9, 2011 under the Company's stock repurchase program announced on July 6, 2011, using internally available cash. Mr. Xianfu Zhu, Chairman and Chief Executive Officer of Zhongpin Inc.,...

Bank of America has upgraded Sara Lee (NYSE: SLE) from No Rating to Buy and has established a $21 price objective.

Limited Brands Inc (NYSE: LTD) is expected to report its Q2 EPS at $0.46 on revenue of $2.44 billion. Staples Inc (NASDAQ: SPLS) is projected to report its Q2 EPS at $0.20 on revenue of $5.65 billion. Deere & Company (NYSE: DE) is estimated to report its FQ3 EPS at $1.67 on revenue of $7.50...

Shares of SodaStream International (NASDAQ: SODA) have gotten crushed on Thursday after Jim Cramer savaged the stock on Mad Money last night. While Cramer had previously supported SODA, his about face, has sent shares plunging around 23% at last check to $38.68. The Mad Money host cited quality...

Deutsche Bank is out with its report today on Heinz (NYSE: HNZ), maintaining Buy. In its report, Deutsche Bank writes, "While global volatility creates challenges for all, we affirm our BUY rating based on several factors incl. emerging mkt. exposure, leading share in selected US/EU products,...

According to Sterne Agee, Comerica (NYSE: SFD) price target is lowered to $35. Sterne Agee said that last week it anticipated some volatility in CMA shares as investors adjusted to the “new paradigm” of pervasively low interest rates and slow growth impacting names better suited for stronger...

According to Jefferies, Smithfield Foods (NYSE: SFD) estimates are raised. Jefferies said that lower levels of domestic availability and strong export demand have quietly pushed both live hog and pork prices to all-time highs. “We are raising our estimates to reflect the improved hog production...

This is your Benzinga news summary and traders' outlook for Tuesday, August 16, 2011, covering headlines from overnight and Tuesday's pre-market session. Today in domestic pre-market trading, U.S. equity futures are trading lower. At last check, Dow futures are down over 100 points and the U.S....

Pre-open movers US stock futures are lower this morning, as investors are awaiting economic data. Futures for the Dow Jones Industrial Average dipped 107 points to 11,296.00 and S&P 500 index futures fell 16.20 points to 1,182.20. Nasdaq 100 futures dropped 27.75 points to 2,178.75. A Peek...

The J. M. Smucker Company (NYSE: SJM) announced today that it decreased the list price for the majority of its coffee products sold in the United States, primarily consisting of items sold under the Folgers®, Dunkin' Donuts®, and Folgers® Gourmet Selections® brand names. Prices will decrease an...

Everybody loves cereal in the morning, but not at $94 apparently. Some think it costs just a little bit more. Shares of Ralcorp Holdings Inc. (NYSE: RAH) are soaring this morning, after the company announced it had rejected a third offer from Conagara (NYSE: CAG), this time at $94 per share....

Deutsche Bank is out with its report today on Smucker (NYSE: SJM), reiterating Buy. In its report, Deutsche Bank writes, "In our opinion Smucker's leading U.S. brands, low C2012E valuation (12.4x adj P/E), strong balance sheet and solid FCF (5% yield) are enticing characteristics in times of...

Sysco Corporation (NYSE: SYY) is projected to report its Q4 EPS at $0.57 on revenue of $10.36 billion. Estee Lauder Companies Inc (The) (NYSE: EL) is estimated to report its Q4 EPS at $0.24 on revenue of $2.03 billion. 3SBio Inc (NASDAQ: SSRX) is expected to post its Q2 EPS at $0.20 on revenue of...

ConAgra Foods (NYSE: CAG) today confirmed that on Thursday, August 11, 2011, it sent a revised proposal to the Board of Directors of Ralcorp Holdings (NYSE: RAH) to acquire the company for $94.00 per share in cash and stated that it looked forward to private and constructive discussions. The...

Deutsche Bank made a number of updates in a research report published today. Sara Lee (NYSE: SLE) had its rating reiterated at Buy. At the same time, its price target was reduced to $20 from $22. On Thursday, SLE lost 1.27% of its value to end the day at $17.09. SodaStream (NASDAQ: SODA) had its...