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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