Packaged Foods & Meats

In a report released this morning, Citi reports that 2011 “looks to have significant EPS upside for Kellogg Company (NYSE: K), and includes the premise that in 2011, a year with significantly increased innovation, new products are likely to be highly incremental as a result of a 30% SKU curtailment...

Cal-Maine Foods, Inc. (NASDAQ: CALM) today reported results for the third quarter ended February 26, 2011. Net sales for the third quarter of fiscal 2011 were $274.7 million compared with net sales of $271.2 million for the same quarter of fiscal 2010. The Company reported net income of $33.6...

Cal-Maine Foods (NASDAQ: CALM) reported its Q3 EPS at $1.40. CALM reported its Q3 revenue at $274.7 million, versus the consensus of $284.8 million. CALM shares climbed 0.83% to close at $27.82 on Friday. Read more from Benzinga's Company news.

US stock futures are slightly higher this morning, as investors are awaiting economic data. Futures on the Dow Jones Industrial Average gained 12 points to 12,182, while futures on the S&P 500 index rose 1.3 points to 1,311.30. Nasdaq 100 futures climbed 6.75 points to 2,323.75. US stocks...

Progress Software Corporation (NASDAQ: PRGS) is expected to post its FQ1 EPS at $0.42 on revenue of $134.17 million. Cal-Maine Foods Inc (NASDAQ: CALM) is projected to post its Q3 earnings at $1.03 per share on revenue of $284.80 million. Concord Medical Services Holdings Ltd (NYSE: CCM) is...

Some of the stocks that may grab investor focus today are: Wall Street expects Phillips-Van Heusen Corporation (NYSE: PVH) to report its Q4 EPS at $0.82 on revenue of $1.37 billion. PVH shares gained 2.23% to close at $60.40 on Friday. Analysts are expecting Progress Software Corporation (NASDAQ...

Shares of Dean Foods Company (NYSE: DF) are higher on the session by 3.21%, trading at $10.60. Overall put volume is now running at 6.47x the daily average, with 65% of all puts traded being purchases on the offer. 10,447 contracts have traded on the session so far. Dean Foods Company is a food...

Wells Fargo is initiating coverage on Belo Corp. (NYSE: BLC) with an Outperform rating. It is raising estimates on ConAgra Foods (NYSE: CAG), KeyCorp (NYSE: KEY), SunTrust Banks (NYSE: STI), Accenture (NYSE: ACN), CGI Group (NYSE: GIB) and Oracle (NASDAQ: ORCL). It is lowering estimates on Fifth...

BB&T Capital is out with its report today on Flowers Foods (NYSE: FLO), raising its PT from $28 to $28.50. In a note to clients, BB&T Capital writes, "FLO hosted an analyst day Tuesday, at which it provided further insight and detail into its longer-term growth strategy, which is based...

According to Deutsche Bank, McCormick (NYSE: MKC) gave a F1Q11 earnings preview. Deutsche Bank reported that it believes LT goals (4-6% sales, 9-11% EPS) can be achieved and thus valuation can expand, hence its BUY opinion. “In addition share leadership, new products, solid profitability, strong B...

According to Deutsche Bank, ConAgra Foods' (NYSE: CAG) stock's valuation is low vs. peers, the balance sheet is solid, dividend yield is high, and recent reduction in LT growth goals is logical. Deutsche Bank reported that it sees the stock likely to trade in the low to mid $20s for a while. “We...

Morgan Stanley is out with its report today on ConAgra Foods (NYSE: CAG), maintaining Equal-weight. In a note to clients, Morgan Stanley writes, "We are retaining our Equal-weight rating on ConAgra following F3Q11 EPS. We are retaining our $1.77 F2011 EPS estimate, in-line with ConAgra's +LSD EPS...

Deutsche Bank has raised the price target on McCormick (NYSE: MKC) from $49 to $51 and maintains its Buy rating.

Campbell Soup Company (NYSE: CPB) today announced that the company's Board of Directors declared a regular quarterly dividend on its capital stock of $0.29 per share. The quarterly dividend is payable May 2, 2011 to shareowners of record at the close of business on April 11, 2011.

Shares of Flowers Foods, Inc. (NYSE: FLO) are lower on the session by 0.26%, trading at $26.48. Overall put volume is now running at 47.79x the daily average, with 5% of all puts traded being purchases on the offer. 2,055 contracts have traded on the session so far. Flowers Foods, Inc. is a...