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Industry News

Industry News

We believe it’s critical to remain current with all food-related news and trends. This list is continually updated from thousands of sources around the web and is generated by topix.

Food News

Food news continually updated from thousands of sources around the net.

Shares of Campbell Soup have been given a consensus rating of "Hold" by the fifteen analysts that are covering the company, MarketBeat.com reports. Seven investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company.

Posted: May 20, 2018, 7:08 am

Stevens Capital Management LP purchased a new stake in United Natural Foods in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission . The institutional investor purchased 51,639 shares of the company's stock, valued at approximately $2,217,000.

Posted: May 20, 2018, 2:56 am

Neuberger Berman Group LLC decreased its position in shares of J & J Snack Foods by 4.6% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 689,404 shares of the company's stock after selling 33,612 shares during the period.

Posted: May 19, 2018, 10:35 pm

Analysts predict that Sanderson Farms, Inc. will announce earnings per share of $1.92 for the current quarter, according to Zacks Investment Research . Two analysts have provided estimates for Sanderson Farms' earnings, with the highest EPS estimate coming in at $2.05 and the lowest estimate coming in at $1.71.

Posted: May 19, 2018, 6:07 pm

Campbell Soup Co. , which is trying to rebound from a packaged goods slump with fresher foods, will cook up a new strategy under a new CEO.

Posted: May 19, 2018, 1:31 pm

Brokerages expect Dean Foods to report $1.94 billion in sales for the current quarter, Zacks reports. Five analysts have provided estimates for Dean Foods' earnings.

Posted: May 19, 2018, 8:52 am

Victory Capital Management Inc. grew its stake in shares of Sanderson Farms, Inc. by 1.3% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 214,840 shares of the company's stock after acquiring an additional 2,840 shares during the quarter.

Posted: May 19, 2018, 4:42 am

Rosenstein's Jana - which bagged a $300 million profit last year when it successfully pushed Whole Foods into selling itself to Amazon - wants Pinnacle to merge with ConAgra Foods in a deal that would create the second-biggest frozen-foods firm in the US, sources said. The bank's hire comes as supermarkets and their suppliers face mounting price competition from Amazon and Walmart, and millennials shun frozen and packaged foods in favor of fresher, healthier eating options.

Posted: May 19, 2018, 12:36 am

The top executive at Campbell Soup will retire and the company is undergoing a strategic review as it tries to revive sales that have been under pressure due to shifting American tastes and rising costs. Denise Morrison, who has been has been CEO since 2011, is being replaced immediately by Keith McLoughlin, who will lead the company on an interim basis.

Posted: May 18, 2018, 8:29 pm

FILE PHOTO: A box of Cheerios cereal, fortified with soy and pea protein, is seen in this photo illustration in Wilmette, Illinois, U.S., September 12, 2014. REUTERS/Jim Young/File Photo In a joint venture at a Wisconsin plant, flour milled from Iowa yellow peas is mixed with water and spun at high speed through stainless steel drums, separating the protein from starch and fiber.

Posted: May 18, 2018, 6:22 pm

Campbell Soup Co. Chief Executive Denise Morrison is leaving the company, after leading the New Jersey-based food maker for nearly seven years.

Posted: May 18, 2018, 1:54 pm

Alambic Investment Management L.P. cut its position in Dean Foods by 42.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 250,732 shares of the company's stock after selling 186,236 shares during the period.

Posted: May 18, 2018, 11:36 am

Separately, BMO Capital Markets dropped their target price on Brown-Forman to $56.00 and set a "market perform" rating for the company in a report on Thursday, March 8th. BF.A stock traded up $0.65 during trading on Thursday, hitting $56.60.

Posted: May 18, 2018, 9:25 am

Equities analysts expect Performance Food Group to report earnings of $0.59 per share for the current quarter, Zacks Investment Research reports. Zero analysts have made estimates for Performance Food Group's earnings, with the highest EPS estimate coming in at $0.60 and the lowest estimate coming in at $0.57.

Posted: May 18, 2018, 5:13 am

Engineers Gate Manager LP boosted its position in United Natural Foods by 59.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission . The institutional investor owned 53,137 shares of the company's stock after purchasing an additional 19,781 shares during the quarter.

Posted: May 18, 2018, 1:07 am

Amazon.com's plan to offer discounts to Prime members who shop at Whole Foods Market is part of a developing plan for domination in the worlds of e-commerce and retail. But it doesn't go far enough, and its financial impact is negligible, Loop Capital Markets said in a report today.

Posted: May 17, 2018, 8:53 pm

Tyson Foods Inc. will receive a state economic incentives package worth $20 million to build a new chicken production complex in Tennessee, a project that's expected to include $322 million in private investment and 1,600 new jobs within five years. The State Funding Board approved the money Wednesday for the new plant in Humboldt, about 85 miles northeast of Memphis.

Posted: May 17, 2018, 4:41 pm

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