Packaged Foods & Meats

Argus has downgraded General Mills (NYSE: GIS) from Buy to Hold.

Jefferies is out with its report today on McCormick & Co. (NYSE: MKC), raising its PT from $55 to $57. In a note to clients, Jefferies writes, "2Q11 results ahead of consensus but FY11 guidance was reduced by $0.06 due to acquisition costs. But pricing and volume were strong (+5% and +3%,...

Jefferies & Company has raised the price target on McCormick & Company (NYSE: MKC) from $55 to $57 and maintains its Buy rating.

Stocks trading at or near 52-week highs and lows provide excellent trading opportunities, as volatility tends to increase at such levels. The following stocks hit new 52-week highs in Thursday's trading session: 1) Walter Investment Company (NYSE: WAC): Shares of Walter Investment hit a 52-week...

Coffee Holding Co., Inc. (NASDAQ: JVA) shares are higher today, up almost 2% as the coffee stocks continue to see buying interest. At last check, shares were trading at $15.81, up 24 cents or 1.55% on the day. Shares touched a high of $16.15 earlier in the session, before coming off those levels.

Jefferies reiterated its Hold rating on General Mills (NYSE: GIS). At the same time, Jefferies left its price target on the company's stock unchanged at $40. On Wednesday, General Mills ended the day at $37.38.

Citi reiterated its Buy rating on General Mills (NYSE: GIS). At the same time, the rating agency reduced its price target on the company's stock from $45 to $44. On Wednesday, General Mills finished the day at $37.38.

This is your Benzinga news summary and traders' outlook for Thursday, June 30, 2011, covering headlines from overnight and Thursday's pre-market session. Today in domestic pre-market trading, U.S. equity futures are trading higher and the U.S. dollar lower after Greece voted yesterday to cut...

J.P. Morgan is out with its report today on General Mills (NYSE: GIS), reiterating Overweight. In a note to clients, J.P. Morgan writes, "We are reiterating our Overweight rating on the shares of General Mills following a modest earnings capitulation on yesterday's earnings call. Mills guided to a...

Pre-open movers US stock futures are slightly higher this morning, as investors are awaiting jobless claims and Chicago PMI data. Futures on the Dow Jones Industrial Average surged 16 points to 12,234.00 and futures on the S&P 500 stock index rose 1 point to 1,305.30. Nasdaq 100 futures gained...

McCormick & Company Inc (NYSE: MKC) released its second-quarter results on Thursday. McCormick reported its quarterly profit at $73.6 million, or $0.55 per share, up from $66.2 million, or $0.49 per share, in the year-earlier period. Its sales climbed 11% to $883.7 million. However, analysts...

Citigroup has lowered the price target on General Mills (NYSE: GIS) from $45 to $44 and maintains its Buy rating.

US stock futures are higher this morning, as investors are awaiting jobless claims and Chicago PMI data. Futures on the Dow Jones Industrial Average surged 24 points to 12,242.00 and futures on the S&P 500 stock index rose 2.50 points to 1,306.80. Nasdaq 100 futures gained 6.00 points to 2,300....

Credit Suisse has changed the price targets on the following companies: Kraft Foods (NYSE: KFT) Outperform, PT from $37 to $39 Monsanto Company (NYSE: MON) Neutral, PT from $67 to $68

Here is our latest update on the stock trading technique called 'Buying Dividends'. This is the process of buying stocks before the ex dividend date and selling the stock shortly after the ex date at about the same price, yet still being entitled to the dividend. This technique generally works only...