Packaged Foods & Meats

Jefferies had the opportunity to meet with Snyder's-Lance, Inc. (NASDAQ: LNCE) senior management and came away “with increased confidence in the company's long-term strategy and management's ability to execute on the independent operator route conversion.” “While this process will take time, the...

Analysts at BofA/Merrill downgrade Cosan Limited (NYSE: CZZ) from “buy” to “neutral.” The target price for CZZ has been lowered from $19.50 to $14. CZZ shares fell 4.98% to close at $12.41 yesterday. More Analyst Ratings here

HQ Sustainable Maritime Industries, Inc. (NYSE: HQS) announced today that it had received a notice from the NYSE Amex dated April 1, 2011 stating that the Company was not in compliance with certain continued listing standards of the NYSE Amex Company Guide. Specifically, the Company was not in...

Cutera (NASDAQ: CUTR) today announced U.S. Food and Drug Administration (FDA) 510(k) clearance for its GenesisPlus. The complete list of the indications for use can be found in the FDA 510(k) clearance number (K) 103626. Known medically as onychomycosis, nail fungus often causes the toenails to...

The coffee sector has been hot recently, with Starbucks (NASDAQ: SBUX) announcing a deal with Green Mountain (NASDAQ: GMCR) to move into the single cup coffee market. This initially hit shares of Peet's Coffee & Tea, Inc. (NASDAQ: PEET), but shares have recovered those losses and then some,...

Golden Enterprises, Inc.'s (NASDAQ: GLDC) Board of Directors today declared a quarterly dividend of $.03125 per share payable April 27, 2011 to stockholders of record on April 15, 2011. Golden Enterprises, Inc.'s basic and diluted income per share for the fourteen weeks ended March 4, 2011 were...

Shares of Cosan Limited (NYSE: CZZ) are lower on the session by 3.14%, trading at $12.65. Overall put volume is now running at 14.44x the daily average, with 60% of all puts traded being purchases on the offer. 1,718 contracts have traded on the session so far. Cosan Limited is a holding company...

BB&T Capital Markets has published a research report on Smithfield Foods (NYSE: SFD) after the company announced its consideration of acquiring an 87% stake in European meat processor Campofrio, a 50% jump over its current holdings. In the report, BB&T writes "Our initial take was that...

J.P. Morgan Chase & Co. has a Neutral rating and a $23 price target on shares of Smithfield Foods, Inc. (NYSE: SFD). In a note to clients, J.P. Morgan writes, "Smithfield (SFD – Neutral) announced yesterday its intention to lift its stake in European packaged meats company Campofrio (CFG –...

Jefferies has issued a report on the possibility of Smithfield Foods (NYSE: SFD) increasing its ownership in Campofrio. According to Jefferies, "SFD confirmed that it is "evaluating" a transaction that would result in the company becoming the majority stake holder (increase ownership to 88% from...

Below are the top confectioners stocks on the NYSE and the NASDAQ in terms of cash. Hershey Co (NYSE: HSY) had $884.64 million in total cash and $1.84 billion in total debt for the latest quarter. Cosan Limited (NYSE: CZZ) had $694.69 million in total cash and $4.29 billion in total debt for the...

Fastenal (NASDAQ: FAST) is currently trading at $68.47, which is above the previous 52-week high of $66.78. W.W. Grainger (NYSE: GWW) is currently trading at $143.86, which is above the previous 52-week high of $142.32. St. Jude Medical (NYSE: STJ) is currently trading at $53.63, which is above...

Trading Resumes: Smithfield Food (NYSE: SFD)

Smithfield Foods, Inc. (NYSE: SFD) confirmed today that the company and Pedro Ballve are currently evaluating a joint de-listing takeover bid to acquire the remaining approximate 50 percent of Campofrio Food Group, S.A. for €9.5 per share. Mr. Ballve is the current chairman of Campofrio. The...

Tyson Foods (NYSE: TSN), Hormel (NYSE: HRL), Pilgrim's (NYSE: PPC) Spike After Smithfield Halted.