Packaged Foods & Meats

Ralcorp Resumes Trading Over 8% higher After Bid (NYSE: RAH)

Conagra Made Unsolicited Bid For Ralcorp (NYSE: RAH), CNBC Cites Sources

Kellogg Company (NYSE: K) today announced that its Board of Directors declared a dividend of $0.405 per share on the common stock of the Company, payable on June 15, 2011, to shareowners of record at the close of business on June 1, 2011. The ex-dividend date is May 26, 2011. This is the 346th...

Private equity firm Blackstone (NYSE: BX) and Callaway Golf (NYSE: ELY), the maker of the Big Bertha driver, are reportedly mulling a partnership to bid for Fortune Brands' (NYSE: FO) golf business. A deal could be worth up to $1 billion, Reuters reported, citing sources close to the matter....

We had a sweet limit down move in corn futures today so its a perfect time to highlight limit moves in grains and show you how I traded the action today!One of the most interesting aspects of the grain futures is the frequency and power of daily limit moves in price. Drier than expected weather in...

With children's waistlines rising faster than oil prices, the United States government released new guidelines for how the food industry should market its products to children. The government wants companies to promote healthier alternatives and refrain from marketing sugary cereals and fast food...

Feihe International, Inc. (NYSE: ADY), one of the leading producers and distributors of premium infant formula, milk powder and soybean, rice and walnut products in China, today announced that the Company paid $16.1 million to Sequoia Capital China Growth Fund I, L.P. and certain of its affiliates...

Lancaster Colony Corp (NASDAQ: LANC) Reports EPS of $0.71 vs. $0.80 Estimate; Revenues $253M vs. $258.5M Estimate

MIPS Technologies Inc (NASDAQ: MIPS) shares lost 20.60% to $8.48 at 9:55 am. MIPS reported weaker-than-expected Q3 results. SFN Group Inc (NYSE: SFN) fell 14.31% to $12.04. SFN reported an 8.1% y/y rise in its Q1 revenue. Tofutti Brands Inc (AMEX: TOF) dropped 14.07% to $2.32. TOF's net sales...

Piper Jaffray has issued a report raising the Price target on B&G Foods (NYSE: BGS) from $17 to $21 a share. Piper Jaffray writes, "B&G Foods reported March quarter revenue and EPS modestly above expectations. Sales continued to benefit from favorable volume growth and slight price...

Deutsche Bank is out with its report today on The Hershey Company (NYSE: HSY), raising its PT from $49 to $51. In a note to clients, Deutsche Bank writes, "Our new $51 target (up from $49) is based on DCF model: 4% sales, 5% EBIT and 7-8% EPS/cash flow growth using a 9% WACC (derived via the CAPM...

Piper Jaffray has raised the price target on B&G Foods (NYSE: BGS) from $17 to $21 and maintains its Overweight rating.

Inventure Foods (NASDAQ: SNAK) today reported record financial results for the first quarter ending March 26, 2011, highlighted by net revenue growth in both the Snack and Rader divisions and record first quarter earnings of $0.08 per fully diluted share. First Quarter 2011 Financial Results...

Morgan Stanley has an Equal Weight rating and a $57 price target on shares of The Hershey Company (NYSE: HSY). In a note to investors, Morgan Stanley writes, "We are maintaining our Equal-weight rating on Hershey but raising our price target from $50 to $57 as a result of higher expected 2011 EPS...

Deutsche Bank has raised the price target on The Hershey Company (NYSE: HSY) from $49 to $51 and maintains its Hold rating.