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Treehouse Foods: Competitive pressure dents sales but earnings rise 2.3%

2016-02-18 20:57:08| Food - Topix.net

Treehouse Foods has said 2016 marks the " beginning of an important journey " as it focuses on integrating the private label business it has acquired from ConAgra Foods. While reporting its financial results for the final quarter of last year, Treehouse said it expected net sales to double in 2016 to between $6.3bn and $6.5bn as a result of the acquisition of ConAgra private label operations in categories including snacks, nuts and crackers; cereal; bars; pasta and frozen bakery.

Tags: sales pressure rise competitive

 

ConAgra Foods Inc (CAG) Upgraded at Bank of America

2016-02-18 16:44:58| Food - Topix.net

The brokerage currently has $46.00 target price on the stock. In other ConAgra Foods news, Director Rajive Johri sold 6,750 shares of ConAgra Foods stock in a transaction that occurred on Thursday, December 24th.

Tags: of america bank foods

 
 

The Big 3: US Foods Compared To Public Peers Sysco And Performance Food

2016-02-18 12:43:19| Food - Topix.net

The second largest food distributor in the country, US Foods , filed for an IPO last week. When it goes public, it will join industry leader Sysco , which has rallied 10% since reporting better-than-expected earnings on February 1, and newly-public Performance Food Group , which has performed well since its September 2015 IPO, closing about 17% above its offer price on Wednesday.

Tags: public big food performance

 

Tyson Foods, Inc. (TSN) Shares Sold by Lathrop Investment Management Corp

2016-02-18 04:16:49| Food - Topix.net

Lathrop Investment Management Corp reduced its position in Tyson Foods, Inc. by 47.0% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 20,800 shares of the company's stock after selling 18,480 shares during the period.

Tags: management sold investment corp

 

Hormel Foods - Where's The Beef

2016-02-18 00:07:05| Food - Topix.net

When you are standing in a lobby waiting for an elevator, you wait till the bell rings and the elevator signals it's on its way up. You step on board, and although you'd like to ride it all the way to the penthouse for the view, you decide how high you want to go and press the button.

Tags: foods beef hormel hormel foods

 

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