Breakfast Technical Briefing on Processed & Packaged Goods Stocks -- B&G Foods, Conagra Brands, Campbell Soup, and Flowers Foods
NEW YORK, November 15, 2017 /PRNewswire/ --
If you want a Stock Review on BGS, CAG, CPB, or FLO then come over to http://dailystocktracker.com/register/ and sign up for your free customized report. Consumer packaged goods are a type of goods consumed every day by the average consumer. The goods that comprise this category are ones that need to be replaced frequently, compared to those that are usable for extended periods of time. In today's pre-market research, DailyStockTracker.com covers the performance of these four Processed and Packaged Goods companies: B&G Foods Inc. (NYSE: BGS), Conagra Brands Inc. (NYSE: CAG), Campbell Soup Co. (NYSE: CPB), and Flowers Foods Inc. (NYSE: FLO). Daily Stock Tracker published free research reports on these stocks today at:
http://dailystocktracker.com/register/
B&G Foods
Parsippany, New Jersey headquartered B&G Foods Inc.'s shares gained 2.53%, closing Tuesday's trading session at $34.40. The stock recorded a trading volume of 966,369 shares. The Company's shares have advanced 5.68% in the last month and 8.69% over the previous three months. The stock is trading 7.03% above its 50-day moving average. Additionally, shares of B&G Foods have a Relative Strength Index (RSI) of 58.43.
On November 01st, 2017, research firm Stephens upgraded the Company's stock rating from 'Equal-Weight' to 'Overweight'.
On November 06th, 2017, B&G Foods announced that it will appoint Executive Vice President of Corporate Strategy and Business Development, Bruce C. Wacha, to Executive Vice President of Finance and CFO, effective November 27th, 2017. As CFO, Mr. Wacha will oversee the Company's finance organization and be responsible for all financial and accounting matters. See our free and comprehensive research report on BGS at:
http://dailystocktracker.com/registration/?symbol=BGS
Conagra Brands
On Tuesday, shares in Chicago, Illinois headquartered Conagra Brands Inc. recorded a trading volume of 3.84 million shares, which was above their three months average volume of 3.53 million shares. The stock rose 2.96%, ending the day at $35.87. The Company's shares have advanced 3.97% in the past month and 2.08% in the previous three months. The stock is trading above its 50-day moving average by 5.44%. Furthermore, shares of Conagra Brands, which together with its subsidiaries, operates as a food company in North America, have an RSI of 65.63.
On October 23rd, 2017, Conagra Brands announced that it has completed the acquisition of Angie's Artisan Treats, LLC, the maker of Angie's BOOMCHICKAPOP ready-to-eat popcorn, from TPG Growth, the middle market and growth equity platform of alternative asset firm TPG, for $250 million. The definitive agreement to acquire Angie's was announced on September 22nd, 2017.
On October 30th, 2017, research firm Stifel upgraded the Company's stock rating from 'Hold' to 'Buy' while revising its previous target price from $36 a share to $38 a share. CAG free research report is just a click away at:
http://dailystocktracker.com/registration/?symbol=CAG
Campbell Soup
Camden, New Jersey headquartered Campbell Soup Co.'s stock finished the day 1.14% higher at $47.81 with a total trading volume of 1.71 million shares. The Company's shares have advanced 2.49% in the last one month. The stock is trading above its 50-day moving average by 2.34%. Additionally, shares of Campbell Soup have an RSI of 54.96.
On October 30th, 2017, Campbell Soup (CPB) announced that it is joining the Plant Based Foods Association (PBFA), the US only trade group representing the fast-growing plant-based foods sector. Launched in March 2016, PBFA advocates on behalf of its members and works to expand markets in the Retail and Foodservice sectors. CPB is the first major food company to join the PBFA. Sign up for your complimentary report on CPB at:
http://dailystocktracker.com/registration/?symbol=CPB
Flowers Foods
Shares in Thomasville, Georgia headquartered Flowers Foods Inc. ended yesterday's session 3.54% higher at $19.57. The stock recorded a trading volume of 2.04 million shares, which was above its three months average volume of 1.21 million shares. The Company's shares have advanced 3.27% in the last one month and 9.64% over the previous three months. The stock is trading 5.93% and 5.13% above its 50-day and 200-day moving averages, respectively. Moreover, shares of Flowers Foods, which produces and markets bakery products in the US, have an RSI of 65.88.
On November 08th, 2017, Flowers Foods reported financial results for the 12-week Q3 ended October 07th, 2017. On a consolidated basis, sales for the quarter increased to $932.8 million, net income decreased to a loss of $33.6 million, operating income decreased to a loss of $53.8 million, and adjusted EBITDA increased to $112.4 million. In Q3 of fiscal 2017, cash flow from operating activities was $50.4 million, capital expenditures were $19.3 million, and dividends paid were $35.6 million.
On November 09th, 2017, research firm Pivotal Research Group upgraded the Company's stock rating from 'Hold' to 'Buy', with a target price of $23 per share. FLO free research report is just a click away at:
http://dailystocktracker.com/registration/?symbol=FLO
--
Daily Stock Tracker:
Daily Stock Tracker (DST) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. DST has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.
DST has not been compensated; directly or indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES:
The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email contact@dailystocktracker.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by DST. DST is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.
NO WARRANTY
DST, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. DST, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, DST, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
NOT AN OFFERING
This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither DST nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit
http://dailystocktracker.com/disclaimer/
CONTACT
For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Email: contact@dailystocktracker.com
Phone number: (207)331-3313
Office Address: 377 Rivonia Boulevard, Rivonia, South Africa
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE dailystocktracker.com
