Packaged Foods & Meats

Dish Network Corp (NASDAQ: DISH) reported a 30% rise in its second-quarter profit. Dish Network's quarterly profit surged to $335 million, or $0.75 per share, from $257 million, or $0.57 per share, in the year-ago period. Its revenue climbed 13% to $3.59 billion. However, analysts were expecting...

Ralcorp Holdings Inc (NYSE: RAH) reported a 47% decline in its fiscal third-quarter profit. Ralcorp reported its quarterly earnings at $28.3 million, down from $53 million, in the year-ago period. Its adjusted earnings surged to $1.15 per share from $1.11 per share. Its revenue climbed 22% to $1....

This is your Benzinga news summary and traders' outlook for Tuesday, August 9, 2011, covering headlines from overnight and Tuesday's pre-market session. Today in domestic pre-market trading, U.S. equity futures are set for another volatile morning as traders wait for the Federal Reserve's...

According to Goldman Sachs, Tyson Foods (NYSE: TSN) price target is lowered to $20. Goldman Sachs said that it is lowering the 4Q11 EPS estimates to $0.29 from $0.49 prior and the 2011- 2013 EPS estimates move to $1.92/$2.05/$2.20 from $2.01/$1.88/$2.04 prior. “We are Neutral as we remain...

J.P. Morgan Chase & Co. is out with a research report on Kellogg (NYSE: K) and it has an Overweight rating and a $62 price target on shares. In a note to clients, J.P. Morgan Chase & Co. writes, "Following a meeting in Boston with Kellogg management, we are reiterating our Overweight...

Goldman Sachs has lowered the price target on Tyson Foods (NYSE: TSN) from $21 to $20 and maintains its Neutral rating.

Ralcorp Holdings, Inc. (NYSE: RAH) today announced that it has entered into a definitive agreement to acquire the North American private brand refrigerated dough business of Sara Lee Corp. (NYSE: SLE), for approximately $545 million. Sara Lee's refrigerated dough business is a leading manufacturer...

Snyder's-Lance, Inc. (Nasdaq: LNCE), acquired all of the issued and outstanding shares of George Greer Company, Inc., a snack food distributor serving Rhode Island, eastern Massachusetts and New Hampshire markets. This strategic partnership is part of the Company's plans to continue growing and...

Snyder's-Lance, Inc. (Nasdaq: LNCE), acquired all of the issued and outstanding shares of George Greer Company, Inc., a snack food distributor serving Rhode Island, eastern Massachusetts and New Hampshire markets. This strategic partnership is part of the Company's plans to continue growing and...

Morgan Stanley reiterated its Equal-weight rating on Tyson Foods (NYSE: TSN). At the moment, the rating agency does not have a price target placed on the company's stock. On Monday, TSN lost 3.86% of its value to finish the day at $15.68. Its shares rebounded in today's pre-market trading, rising 2...

JP Morgan has lowered the price target on McCormick & Company (NYSE: MKC) from $50 to $48 and maintains its Neutral rating.

US stock futures are mixed this morning, as investors are awaiting the Federal Reserve's statement on monetary policy. Futures for the Dow Jones Industrial Average dipped 13 points to 10,713.00 and S&P 500 index futures rose 0.50 points to 1,111.80. Nasdaq 100 futures gained 2.50 points to 2,...

AOL Inc (NYSE: AOL) is projected to report its Q2 earnings at $0.04 per share on revenue of $530.37 million. Beazer Homes USA Inc (NYSE: BZH) is estimated to post a FQ3 loss at $0.42 per share on revenue of $231.80 million. Walt Disney Company (The) (NYSE: DIS) is projected to report its FQ3 EPS...

Omega Protein Corporation (NYSE: OME) today announced that Joseph L. von Rosenberg III, 52, CEO and President since 1997, has advised the Board of Directors that he will step down from that role on December 31, 2011. Mr. von Rosenberg will remain with the Company as Executive Chairman of the Board...

Shares of Dean Foods (NYSE: DF) are lower on the session by 9.27%, currently trading at $8.22. The stock has been moving largely lower over the past three months and is currently trading below the 50-day moving average. Options traders are buying puts on the name today. A short while ago the...