Packaged Foods & Meats

STOCKS ON THE MOVE YEAR HIGHS:(BRNC),(OME),(PVSW),(GENT)

Shares of ConAgra Inc (NYSE: CAG) gained about 1% after the company reported its FQ3 profit at $214.8 million, or $0.50 per share, compared with $229.6 million, or $0.51 per share, in the year-earlier period. The company's sales increased 4.1% to $3.15 billion. However, analysts were expecting...

According to Gabelli, General Mills (NYSE: GIS) continues to drive momentum in its faster growing, higher-margin categories, including Big G cereal, snacks and yogurt. Gabelli reported that, going forward, there is ample opportunity to continue to improve upon profitability, particularly its...

Credit Suisse has lowered General Mills' (NYSE: GIS) Price Target from $41.00 to $40.00. GIS has an Outperform Rating and closed at $36.24 yesterday.

BB&T Capital Markets has upgraded Smithfield Foods (NYSE: SFD) from Hold to Buy as margins for fresh pork and hog production have shown sustainability due to strong export demand and company efficiency. In the report, BB&T writes "We recently had the opportunity to meet with Smithfield's...

Smithfield Foods Inc (NYSE: SFD) was upgraded by BB&T Capital from "hold" to "buy." SFD's shares closed at $22.69 yesterday. Smithfield Foods' PEG ratio is 0.90. RW Baird upgraded Red Hat Inc (NYSE: RHT) from “neutral” to “outperform.” RHT's shares closed at $39.97 yesterday. Red Hat's...

General Mills (NYSE: GIS) this morning reported an in-line quarter, but the quarter was noisy and the quality was a bit light. Non-recurring gains and charges essentially offset each other, though the release gave undue attention to the gains which exacerbated quality concerns. Advertising was...

In terms of FY12, General Mills (NYSE: GIS) management hinted that that the growth expectation is in-line with long-term targets of +7%-9%. Bottom line is that with expectations that General Mills will manage commodity inflation in FY12 and grow EPS +7%-9%, Citi sees its and consensus' FY12 EPS...

Goldman Sachs is retaining its Neutral rating on shares of Dean Foods Company (NYSE: DF) after meeting with management. In a note to investors, Goldman writes, "Management cited noticeable differences in retailers' willingness to take pricing up, which is driving retailer gross margin up to mid-...

ConAgra Foods Inc (NYSE: CAG) reported its Q3 adjusted EPS at $0.50, beating the consensus of $0.47. CAG reported its Q3 revenue at $3.15 billion, versus the consensus of $3.13 billion. CAG shares fell 0.26% to close at $22.93 yesterday. Read more from Benzinga's Company news.

ConAgra Foods, Inc., (NYSE: CAG)today reported results for the fiscal 2011 third quarter ended Feb. 27, 2011. As reported, diluted EPS from continuing operations was $0.50, a 2% increase over the $0.49 earned in the year-ago period. Diluted EPS from continuing operations increased 16% after...

Morgan Stanley is maintaining its Overweight rating on General Mills (NYSE: GIS), F2011 $2.47 EPS estimate, and $2.65 F2012 estimate, which represents 7% EPS growth, the low end of the company's long-term growth algorithm. While formal F12 guidance was not provided, management indicated that...

Morgan Stanley is maintaining its Overweight rating on General Mills (NYSE: GIS), F2011 $2.47 EPS estimate, and $2.65 F2012 estimate, which represents 7% EPS growth, the low end of the company's long-term growth algorithm. While formal F12 guidance was not provided, management indicated that...

Deutsche Bank's Buy opinion on General Mills (NYSE: GIS) is based on leading share in many U.S. categories, strong new products, LT productivity efforts, solid FCF and very reasonable valuation. Based on Deutsche Bank's initial work, valuation is even more compelling with the addition of Yoplait...

Analysts at BB&T Capital upgrade Tyson Foods Inc (NYSE: TSN) from “hold” to “buy.” TSN shares fell 0.21% to close at $19.00 yesterday. More Analyst Ratings here