27.12.2016 13:20:00

Technical Reports on Processed & Packaged Goods Equities -- Kellogg, J.M. Smucker, Ingredion, and SunOpta

NEW YORK, December 27, 2016 /PRNewswire/ --

Pre-market, Stock-Callers.com revisits the Processed and Packaged Goods space to see how some equities have fared over the last few trading sessions. Under review are Kellogg Co. (NYSE: K), The J. M. Smucker Co. (NYSE: SJM), Ingredion Inc. (NYSE: INGR), and SunOpta Inc. (NASDAQ: STKL). These companies are part of the Consumer Goods sector, which was narrowly mixed in late trading on Friday, December 23rd, 2016, with shares of Consumer Staples companies in the S&P 500 climbing about 0.1%, while shares of Consumer Discretionary firms in the S&P 500 declining about 0.2%. Today's research reports on the aforementioned stocks are downloadable for free upon registration at:

http://stock-callers.com/registration

Kellogg  

Last Friday, Battle Creek, Michigan headquartered Kellogg Co.'s stock fell 0.12%, to close the day at $73.57. A total volume of 615,043 shares was traded. The Company's shares have advanced 0.96% in the last month and 4.55% on an YTD basis. The stock is trading 0.24% above its 50-day moving average. Additionally, shares of Kellogg, which manufactures and markets ready-to-eat cereal and convenience foods, have a Relative Strength Index (RSI) of 53.59.

On November 01st, 2016 Kellogg's reported revenue of $3.25 billion for Q3 2016, down 2.2% from $3.33 billion in Q3 2015. The Company's net income totaled $292 million, or $0.82 per share, up from $205 million, or $0.58 per share, in Q3 2015. Adjusted earnings came in at $0.96 per share.

On December 07th, 2016, research firm Credit Suisse downgraded the Company's stock rating from 'Outperform' to 'Neutral'. Visit us today and access our complete research report on K at:

http://stock-callers.com/registration/?symbol=K


J. M. Smucker  

Shares in Orrville, Ohio headquartered The J. M. Smucker Co. rose 0.19%, finishing Friday's session at $129.46. The stock recorded a trading volume of 265,698 shares. The Company's shares have gained 3.09% in the last month and 7.19% since the start of this year. The stock is trading above its 50-day moving average by 0.49%. Furthermore, shares of J. M. Smucker, which manufactures and markets branded food and beverage products worldwide, have an RSI of 54.10.

On November 17th, 2016, J. M. Smucker reported Q2 FY17 net sales of $1.91 billion, down $163.8 million, or 8%, including $67.7 million attributed to the divested US canned milk business. The Company's Q2 FY17 net income rose to $177.3 million, or $1.52 per share, from $176 million, or $1.47 per share, in Q2 FY16. J.M. Smucker's adjusted earnings per share came in at $2.05, an increase of 7% from Q2 FY16.

On December 06th, 2016, research firm Bank of America/ Merrill initiated a 'Neutral' rating on the Company's stock, with a target price of $130 per share. The complimentary report on SJM can be downloaded at:


http://stock-callers.com/registration/?symbol=SJM


Ingredion  

Westchester, Illinois headquartered Ingredion Inc.'s stock finished 0.56% lower at $125.87 last Friday, at the close. A total volume of 214,409 shares was traded. The Company's shares have advanced 5.87% in the past month and 32.89% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 0.47% and 1.87%, respectively. Additionally, shares of Ingredion, which together with its subsidiaries, manufactures and sells starches and sweeteners to various industries, have an RSI of 56.30.

On December 20th, 2016, Ingredion announced that it has entered into a stock purchase agreement to acquire all of the outstanding shares of TIC Gums Inc., a privately held US-based company that provides advanced texture systems to the food and beverage industry. The acquisition has been approved by Ingredion`s board of directors and the stockholders of TIC Gums. It is expected to close by the end of the year, subject to customary closing conditions. Ingredion expects to fund the $400 million cash transaction with available cash and short-term credit. Excluding one-time costs, the transaction is expected to be $0.04 - $0.05 accretive to adjusted EPS in the first year. Register for free on Stock-Callers.com and access the latest research report on INGR at:

http://stock-callers.com/registration/?symbol=INGR


SunOpta  

Brampton, Canada headquartered SunOpta Inc.'s shares ended the session 0.69% higher at $7.25. The stock recorded a trading volume of 420,944 shares. Shares of the Company have advanced 4.92% over the previous three months and 5.99% on an YTD basis. The stock is trading 3.89% above its 50-day moving average and 25.62% above its 200-day moving average. Moreover, shares of SunOpta, which manufactures and markets natural and organic food products and environmental mineral products, have an RSI of 51.79. Get free access to your research report on STKL at:

http://stock-callers.com/registration/?symbol=STKL

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Aktien in diesem Artikel

Ingredion Inc. 136,30 -0,22% Ingredion Inc.
J. M. Smucker Co. 108,90 -0,46% J. M. Smucker Co.
Kellanova (ex Kellogg's) 76,30 -0,39% Kellanova (ex Kellogg's)
SunOpta Inc. 7,44 -0,93% SunOpta Inc.