Packaged Foods & Meats

Diamond Foods, Inc. (NASDAQ: DMND) and The Procter & Gamble Company (NYSE: PG) today announced the signing of a definitive agreement to merge the Pringles business into Diamond Foods in a transaction valued at $2.35 billion.

Trading Halted: Diamond Foods (NASDAQ: DMND), news pending

Sara Lee Corp. (NYSE: SLE) today announced that it has completed its sale of its global shoe care business, in a majority of countries, to SC Johnson. The global shoe care business is comprised of the brands Kiwi, Kiwi Kleen, Tana and Bama, among others. The sale will close in the remaining...

Kraft Foods (NYSE: KFT) announced today its plans to extend its partnerships with Paula Deen Enterprises, Digitas and EQAL to launch Season 2 of the Real Women of Philadelphia online community and cooking competition. Building on the incredible success of the first season, home cooks nationwide...

Campbell Soup Discloses Offering of $500M Of Senior Unsecured Notes at 4.25% per annum (NYSE: CPB)

H.J. Heinz Company (NYSE: HNZ) today announced that it has completed its acquisition of an 80% stake in Coniexpress S.A. Industrias Alimenticias, a leading Brazilian manufacturer of the Quero brand of tomato-based sauces, tomato paste, ketchup, condiments and vegetables. The acquisition of the...

Goldman Sachs has issued a report raising the Price Target on Hershey (NYSE: HSY) from $47 to $51 following a price increase announced by Hershey. Goldman Sachs writes, "We view the price move as a net positive for HSY given the likely EPS boost and indication of a rational pricing environment. We...

Toilet paper, soda, jelly, meat, and household cleaners How many times each month do you skip going to the grocery store?  Food, paper products, and necessities are all things we buy no matter what the economy or stock market is doing.  These are items we would define as “...

Lifeway Foods, Inc., (Nasdaq: LWAY) announced today results for the fourth quarter Fourth Quarter, 2010 sales increased 11% to $16.1 million compared to $14.5 million for the fourth quarter of 2009. The Company reported a net loss of $235,563 or a loss of $0.01 per diluted share compared to...

Shares of ConAgra Foods, Inc. (NYSE: CAG) are higher on the session by 0.13%, currently trading at $23.88. The stock has been moving largely higher over the past four months and is currently trading above the 50-day and 200-day moving averages. Options traders are buying puts on the name today. A...

Green Mountain Coffee Roasters Inc. (NASDAQ: GMCR) shares are spiking, up 91 cents to $64.87, a gain of over 1%.

BB&T, which downgraded shares of Calavo Growers Inc. (NASDAQ: CVGW), is providing some color on the stock. “We have downgraded the shares of CVGW to Hold (2) from Buy (1) as the shares are just 1% shy of our price target and we do not believe current fundamentals warrant a large enough...

J.P. Morgan has reported that Hershey (NYSE: HSY) will increase prices by 10% immediately. According to the report, "Overweight-rated Hershey last night announced significant price increases and reiterated its 2011 outlook. Effective immediately, the company will increase list prices by ~10%....

Goldman Sachs hosted a meeting with incoming Campbell Soup Co. (NYSE: CPB) CEO Denise Morrison and her new management team in Camden, NJ, on Wednesday. “We came away with a better understanding of the direction it is taking to pursue growth and the trajectory of its input cost, pricing, and...

Kraft Foods (NYSE: KFT) announced today the nomination of Dr. Peter B. Henry to its Board of Directors. Henry, 41, is an international economist who specializes in emerging economies and is the Dean of New York University Stern School of Business.