NEW YORK, May 25, 2017 /PRNewswire/ --
Stock-Callers.com takes a closer look at the performances of four major players in the Diversified Food space, and they are:
The Kraft Heinz Co. (NASDAQ: KHC), Pilgrim's Pride Corp. (NASDAQ: PPC), Lamb Weston Holdings Inc. (NYSE: LW), and Blue Buffalo
Pet Products Inc. (NASDAQ: BUFF). Major diversified food companies manufacture and market a variety of different packaged food
products, including snacks, dairy products, packaged dinners, and processed meats, among many other offerings. Learn more about
these stocks by accessing their free research reports at:
http://stock-callers.com/registration
Kraft Heinz
Pittsburgh, Pennsylvania headquartered The Kraft Heinz Co.'s shares rose 0.78%, finishing
Wednesday's trading session at $92.59. A total volume of 1.81 million shares was traded. In the
last month and since the start of this year, the stock has advanced 0.33% and 6.04%, respectively. The Company's shares are
trading above their 50-day and 200-day moving averages by 1.84% and 4.58%, respectively. Moreover, shares of Kraft Heinz, which
manufactures and markets food and beverage products in the US, Canada, Europe, and internationally, have a Relative Strength Index (RSI) of 68.15.
On May 03 rd, 2017, Kraft Heinz's Board of Directors declared a regular quarterly
dividend of $0.60 per share of common stock, payable on June 16
th, 2017, to stockholders of record as of May 19 th, 2017. Free research
report on KHC is available at:
http://stock-callers.com/registration/?symbol=KHC
Pilgrim's Pride
On Wednesday, shares in Greeley, Colorado headquartered Pilgrim's Pride Corp. recorded a
trading volume of 1.55 million shares, which was above their three months average volume of 1.37 million shares. The stock ended
the session 1.66% higher at $23.83. The Company's shares have gained 15.40% over the previous three
months and 25.49% on an YTD basis. The stock is trading 1.19% above its 50-day moving average and 12.87% above its 200-day moving
average. Furthermore, shares of Pilgrim's Pride, which engages in the production, processing, marketing, and distribution of
fresh, frozen, and value-added chicken products to retailers, distributors, and foodservice operators in the US, Mexico, and Puerto Rico, have an RSI of 45.39.
On May 09 th, 2017, Pilgrim's Pride announced that it has entered into a credit
agreement, effective May 08 th, 2017, for a new $750
million revolving credit facility and a term loan commitment of $800 million through a
consortium of banks. The new facility replaces the Company's existing $700-million revolving
facility and $500-million term loan commitment. The proceeds of the loans under the new term
loan commitment repaid outstanding revolving borrowings. The complimentary research report on PPC can be downloaded at:
http://stock-callers.com/registration/?symbol=PPC
Lamb Weston
Shares in Eagle, Idaho-based Lamb Weston Holdings Inc. closed at $45.49, rising 2.87% from the last trading session. The stock recorded a trading volume of 1.18 million shares,
which was above its three months average volume of 1.10 million shares. The Company's shares have gained 7.14% in the last one
month, 15.16% over the previous three months, and 20.18% since the start of this year. The stock is trading 6.99% and 17.73%
above its 50-day and 200-day moving averages, respectively. Additionally, shares of Lamb Weston, which produces and markets
value-added frozen potato products worldwide, have an RSI of 69.68.
On April 26 th, 2017, Lamb Weston announced that its European joint venture,
Lamb-Weston/Meijer v.o.f., has signed an agreement to acquire the potato division of Oerlemans
Foods Nederland B.V. The acquisition includes a frozen potato processing facility in Broekhuizenvorst, Netherlands, and is expected to be completed later this year.
On May 24 th, 2017, research firm CL King initiated a 'Strong Buy' rating on the
Company's stock, with a target price of $55 per share. Visit us today and access our complete
research report on LW at:
http://stock-callers.com/registration/?symbol=LW
Blue Buffalo Pet Products
Wilton, Connecticut headquartered Blue Buffalo Pet Products Inc.'s stock ended 1.24% higher
at $23.65 with a total trading volume of 701,780 shares. The Company's shares are trading slightly
below their 50-day moving average by 0.19%. Shares of the Company, which through its subsidiary, Blue Buffalo Company, Ltd.,
operates as a pet food company in the US, Canada, Japan, and
Mexico, have an RSI of 48.06.
On May 09 th, 2017, Blue Buffalo Pet Products announced its Q1 2017 results. Net
sales for the quarter were $302 million, net income was $44 million,
adjusted net income was $45 million, adjusted EBITDA was $78
million, diluted EPS was $0.22, and adjusted diluted EPS was $0.23. Cash and cash equivalents were $338.2 million as of
March 31st, 2017, compared to $292.7 million as of December 31st,
2016. Get free access to your research report on BUFF at:
http://stock-callers.com/registration/?symbol=BUFF
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