Packaged Foods & Meats

Today at the Sanford Bernstein Strategic Decisions Conference, Kellogg Company (NYSE: K) reported that it remains on track to achieve its internal net sales, internal operating profit and currency-neutral earnings per share growth targets for the fiscal year ending December 31, 2011. The Company...

Imperial Sugar Company (NASDAQ: IPSU) shares gained 4.07% to create a new 52-week high of $18.39. IPSU shares have surged 72.22% over the past 52 weeks, while the S&P 500 index has gained 19.68% in the same period. Education Management Corporation (NASDAQ: EDMC) shares jumped 29.31% to create...

According to J.P. Morgan, Hershey (NYSE: HSY) shares have largely treaded water since the announcement on May 19 of the pending departure of CEO Dave West. J.P. Morgan said that it recently attended the annual confection show in Chicago, and had opportunity to speak at length with Hershey managers...

According to Taglich Brothers, Lifeway Foods (NASDAQ: LWAY) Buy rating is maintained. Taglich Brothers said that it is maintaining its Speculative Buy rating on shares of Lifeway Foods, Inc. (NasdaqGM: LWAY) and 12-month price target of $12.15 per share. “Our price target is based on a historic...

US stock futures are higher this morning, as investors are awaiting data on jobless claims and sales data from retailers. Futures on the Dow Jones Industrial Average gained 28 points to 12,302.00 and futures on the S&P 500 stock index rose 4.10 points to 1,316.20. Nasdaq 100 futures surged 10....

Cascade Corporation (NYSE: CASC) is estimated to report its Q1 EPS at $0.82 on revenue of $113.33 million. SAIC Inc (NYSE: SAI) is projected to report its Q1 EPS at $0.33 on revenue of $2.71 billion. The Descartes Systems Group Inc (NASDAQ: DSGX) is projected to report its Q1 EPS at $0.12 on...

McCormick & Company, Incorporated (NYSE: MKC) today announced that it has signed an agreement to form a joint venture with Kohinoor Foods Ltd to market and sell its basmati rice and food products in India. The completion of the agreement is expected to occur later in 2011 subject to regulatory...

Citi is out with its report today on The J.M. Smucker Company (NYSE: SJM), raising its PT from $73 to $82. In a note to clients, Citi writes, "We are raising our price target to $82 on account of our increased EPS expectation for F13 ($5.45) and our placement of a higher forward P/E multiple on...

Goldman Sachs is out with its report today on H.J. Heinz (NYSE: HNZ), downgrading HNZ to Sell. In a note to clients, Goldman Sachs writes, "We are downgrading Heinz to Sell as we believe the shares will underperform relative to our coverage universe over the next 12 months. HNZ trades at a premium...

Analysts at FBR Capital downgraded Ashford Hospitality Trust Inc (NYSE: AHT) from “outperform” to “market perform.” AHT's shares closed at $14.27 yesterday. AHT's trailing-twelve-month ROE is -3.84%. Analysts at Goldman Sachs downgraded HJ Heinz Company (NYSE: HNZ) from “neutral” to “sell.” HNZ's...

Citigroup has raised the price target on The JM Smucker Company (NYSE: SJM) from $73 to $82 and maintains its Hold rating.

Goldman Sachs has downgraded HJ Heinz Company (NYSE: HNZ) From Neutral to Sell and has lowered the price target from $53 to $49.

On Friday, May 26th after the close, Imperial Sugar Co. (NASDAQ: IPSU) announced that it would “not exercise its option to acquire the remaining ownership stake in Wholesome Sweeteners from Edward Billington and Son Ltd, a UK based food and agriculture, privately held manufacturing and trading...

Cal-Maine Foods, Inc. (NASDAQ: CALM) announced today that the Company has named Sherman Miller chief operating officer, effective May 31, 2011. Miller, currently vice president of operations, will have responsibility for all of Cal-Maine Foods' production and processing facilities. He will report...

General Dynamics (NYSE: GD) NASSCO announced today that it has received from the U.S. Navy a $744 million modification to its Mobile Landing Platform (MLP) contract to fully fund construction of the first two ships of the new ship class. Construction of the first ship will begin immediately, with...