Pre-Market Technical Recap on Processed & Packaged Goods Stocks -- Kellogg, Mead Johnson Nutrition, J. M. Smucker, and Ingredion

NEW YORK, June 16, 2017 /PRNewswire/ --

Pre-market, DailyStockTracker.com draws investors' attention to Kellogg Co. (NYSE: K), Mead Johnson Nutrition Co. (NYSE: MJN), The J. M. Smucker Co. (NYSE: SJM), and Ingredion Inc. (NYSE: INGR). The main driving force of the Processed and Packaged Goods industry is technological innovation. However, the biggest challenge to this space comes from the increased focus of the population on healthy foods, and its rejection of processed foods. Daily Stock Tracker provides great insights on these stocks free research reports at:

http://dailystocktracker.com/register/

Kellogg 

Battle Creek, Michigan headquartered Kellogg Co.'s shares saw a slight decline of 0.53%, finishing Thursday's trading session at $73.10. A total volume of 1.66 million shares was traded. In the last month, the stock has advanced 3.91%. The Company's shares are trading above their 50-day moving average by 1.74%. Moreover, shares of Kellogg, which manufactures and markets ready-to-eat cereal and convenience foods in the US and internationally, have a Relative Strength Index (RSI) of 55.13.

On May 25^th, 2017, research firm Piper Jaffray initiated an 'Overweight' rating on the Company's stock, with a target price of $78 per share.

On June 08^th, 2017, Kellogg announced the election of Carter Cast to its board of directors. Critical to the Company, as it continues to grow its presence in ecommerce, Cast brings vast experience in the digital arena, previously helping to build and then lead Walmart.com, as its CEO. He also was the CEO of online retail company Hayneedle, Inc., and he previously served as the chief marketing officer at eBay. Free research report on K is available at:

http://dailystocktracker.com/registration/?symbol=K

Mead Johnson Nutrition 

On Thursday, shares in Glenview, Illinois headquartered Mead Johnson Nutrition Co. recorded a three months average volume of 2.22 million shares, and ended the session flat at $89.98. The stock has gained 1.11% in the last one month, 2.56% over the previous three months, and 27.16% on an YTD basis. The Company's shares are trading 0.92% above their 50-day moving average and 10.74% above their 200-day moving average. Furthermore, shares of Mead Johnson Nutrition, which manufactures, distributes, and sells infant formula, children's nutrition, and other nutritional products, have an RSI of 83.44.

On May 31^st, 2017, Mead Johnson Nutrition announced that its stockholders approved the acquisition of Mead Johnson by Reckitt Benckiser Group PLC ("RB") at a Special Meeting of Stockholders held in Chicago, Illinois. Shareholders of RB also approved the transaction at a General Meeting held earlier in the day in London. The complimentary research report on MJN can be downloaded at:

http://dailystocktracker.com/registration/?symbol=MJN

J. M. Smucker 

Shares in Orrville, Ohio headquartered The J. M. Smucker Co. closed at $127.15, slightly down 0.26% from the last trading session. The stock recorded a trading volume of 864,658 shares. The Company's shares have gained 1.91% in the last one month. The stock is trading 0.19% below its 50-day moving average. Additionally, shares of J. M. Smucker, which manufactures and markets branded food and beverage products worldwide, have an RSI of 44.39.

On May 30^th, 2017, J. M. Smucker announced the signing of a definitive agreement to acquire the Wesson® oil brand from Conagra Brands, Inc. The Wesson® brand of edible oils has been trusted by consumers for over 100 years. The all-cash transaction, which the Company will fund primarily with debt, is valued at approximately $285 million, prior to an expected tax benefit related to the acquisition with a present value of approximately $45 million. Visit DailyStockTracker.com today and access our complete research report on SJM at:

http://dailystocktracker.com/registration/?symbol=SJM

Ingredion 

Westchester, Illinois headquartered Ingredion Inc.'s stock ended 0.30% lower at $120.67. A total volume of 970,989 shares was traded, which was above their three months average volume of 489,610 shares. The Company's shares have advanced 2.09% in the last one month and 0.79% over the previous three months. The stock is trading above its 50-day moving average by 1.53%. Furthermore, shares of Ingredion, which together with its subsidiaries, produces and sells starches and sweeteners for various industries, have an RSI of 63.95.

On June 06^th, 2017, Ingredion announced that it applauds the new sugar suspension agreement negotiated by Commerce Secretary Wilbur Ross. The Company supports open borders to facilitate sweetener trade, and appreciates the work of Secretary Ross and Mexico's Economy Minister Guajardo to reach an agreement on this important issue. The new agreement protects against unfair trade practices, while ultimately preserving US jobs and cross-border market access. Get free access to your research report on INGR at:

http://dailystocktracker.com/registration/?symbol=INGR

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 Chelmsford Park SA