Packaged Foods & Meats

Green Mountain Coffee Roasters, Inc. (NASDAQ: GMCR) and ConAgra Foods, Inc. (NYSE: CAG) announce the companies have reached an agreement to make Swiss Miss® Hot Cocoa available in K-Cup® portion packs for the Keurig® Single-Cup Brewing System. Financial terms of the agreement were not disclosed.

Sanderson Farms Inc (NASDAQ: SAFM) was upgraded by Jefferies from "hold" to "buy." SAFM's shares closed at $45.09 yesterday. Sanderson Farms' trailing-twelve-month revenue is $1.93 billion. Wells Fargo upgraded Southern Union Company (NYSE: SUG) from “market perform” to “outperform.” SUG's shares...

Jefferies & Company has upgraded Sanderson Farms (NASDAQ: SAFM) from Hold to Buy and has raised the price target from $44 to $55.

Shares of H.J. Heinz Company (NYSE: HNZ) are lower on the session by 0.44%, currently trading at $50.15. The stock has been moving largely higher over the past three months and is currently trading above the 50-day and 200-day moving averages. Options traders are buying puts on the name today. A...

Omega Protein Corporation (NYSE: OME) today announced the final settlement of all of its claims for costs and damages incurred as a result of the oil spill caused by the Deepwater Horizon explosion on April 20, 2010. As a result of the final settlement, on April 18, 2011 the Company received an...

J & J Snack Foods Corp. (NASDAQ-JJSF) announced today that it has entered into an agreement to acquire the frozen handheld business of ConAgra Foods (NYSE: CAG) for an undisclosed price.

As the stock market has stalled and moved sideways since mid-February, with economic and inflationary worries increasing, Wall Street is beginning to put out advice on how to prepare for a potential market correction. The advice has always been the same. You've heard it before. No matter what...

Dean Foods Company (NYSE: DF) announced today that it is actively seeking a buyer for its milk processing, selling, marketing and distribution business located in Waukesha, Wis. The Company agreed to sell the plant and related business as part of the March 29, 2011, settlement agreement reached...

Kellogg Company (NYSE: K) and the United States Olympic Committee today announced that Kellogg will return as a sponsor of the 2012, 2014 and 2016 U.S. Olympic and Paralympic Teams in London, England; Sochi, Russia; and Rio de Janeiro, Brazil. The partnership designates Kellogg as official sponsor...

Kraft Foods Inc (NYSE: KFT) was downgraded by Morgan Stanley from "overweight" to "equal weight." KFT's shares closed at $33.36 on Friday. Kraft Foods' trailing-twelve-month ROE is 8.06%. Credit Suisse downgraded Infosys Technologies Limited (NASDAQ: INFY) from “outperform” to “neutral.” INFY's...

How are Russian companies doing in American trading? Today, Benzinga gives you a list of Russian companies currently trading on the NYSE exchange in New York City. Mechel (NYSE: MTL), a mining and metal-producing giant, has opened the day very strongly, its shares rising almost 1.5% to $28.68....

J.P. Morgan, fearing pricing issues in the soup category, have lowered its price target on Campbell Soup Company (NYSE: CPB). In its report, J.P. Morgan writes, “We are modestly lowering our fiscal year 2011 estimate and sharply cutting our 2012 number for Campbell on our belief that pricing will...

JP Morgan has lowered the price target on Campbell Soup Company (NYSE: CPB) from $35 to $31 and maintains its Neutral rating.

Global Hunter Securities upgraded Zhongpin (NASDAQ: HOGS) from Neutral to Accumulate in a research report published today. Global Hunter Securities also increased its Zhongpin price target from $15 to $18. In the report, Global Hunter Securities states, "The company announced this morning that it...

Zhongpin Inc. (Nasdaq: HOGS) today announced the signing of a strategic cooperation agreement with China Construction Bank. Under the Agreement, China Construction Bank, Henan Branch will provide approximately RMB 10 billion in loans and financial services to assist the company in its growth. Mr...