Technical Roundup on Consumer Goods Stocks -- General Mills, Mead Johnson Nutrition, Treehouse Foods, and McCormick
NEW YORK, December 9, 2016 /PRNewswire/ --
Stock-Callers.com has on its radar four Processed and Packaged Goods equities, which are: General Mills Inc. (NYSE: GIS), Mead Johnson Nutrition Co. (NYSE: MJN), Treehouse Foods Inc. (NYSE: THS), and McCormick & Co. Inc. (NYSE: MKC). As per Research and Markets' report, "World Packaged Food - Market Opportunities and Forecasts, 2014 - 2020", the global packaged food market is expected to bring in revenue of $3.03 trillion by 2020, registering a compound annual growth rate (CAGR) of 4.5% from 2015 to 2020. The Dublin-based market research company attributes the growth of the global packaged food market to rising demand from emerging economies. Sign up today and download for free the research reports for the stocks covered today at:
http://stock-callers.com/registration
General Mills
At the close on Thursday, shares in Minneapolis, Minnesota headquartered General Mills Inc. saw a slight drop of 0.81%, ending the day at $62.48. The stock recorded a trading volume of 2.65 million shares. The Company's shares have advanced 11.58% on an YTD basis. The stock is trading above its 50-day moving average by 1.11%. Moreover, shares of General Mills, which manufactures and markets branded consumer foods in the US, have a Relative Strength Index (RSI) of 54.83.
On December 5th, 2016, General Mills announced a new global organizational structure that will support growth and drive greater efficiency by streamlining the company's leadership, maximizing global scale, and increasing operational agility. The company noted that Jeff Harmening, President and Chief Operating Officer, has assumed global operations responsibilities reporting to Chairman and CEO Ken Powell. As part of this new structure, the company is eliminating the position of International Chief Operating Officer. Effective January 01st, 2017, four business groups will report directly to Harmening, each led by a Group President. GIS complete research report is just a click away at:
http://stock-callers.com/registration/?symbol=GIS
Mead Johnson Nutrition
Shares in Glenview, Illinois headquartered Mead Johnson Nutrition Co. ended the day 0.37% lower at $72.46 with a total trading volume of 1.10 million shares. The stock is trading below its 50-day moving average by 4.19%. Shares of the Company, which manufactures, distributes, and sells infant formulas, children's nutrition, and other nutritional products, have an RSI of 46.88. The complimentary report on MJN can be downloaded at:
http://stock-callers.com/registration/?symbol=MJN
Treehouse Foods
On Thursday, shares in Oak Brook, Illinois-based Treehouse Foods Inc. finished 1.74% higher at $72.99 with a total trading volume of 938,966 shares. The stock has advanced 6.23% in the last one month. The Company's shares are trading below their 50-day moving average by 6.68%. Additionally, shares of Treehouse Foods, which operates as a food and beverage manufacturer in the US and Canada, have an RSI of 53.43.
On November 3rd, 2016, TreeHouse Foods announced that Christopher D. Sliva has tendered his resignation as President in order to pursue another career opportunity. The company state that Dennis F. Riordan, Executive Vice President and Chief Financial Officer, whose upcoming retirement was announced in August, has committed to remain with the Company and serve as President while the Company conducts a search for a new President. Mr. Riordan will have oversight of both of the operating companies - Bay Valley Foods and TreeHouse Private Brands. In a separate press release, the Company announced the appointment of Matthew J. Foulston as Executive Vice President and Chief Financial Officer of TreeHouse Foods, effective no later than December 02nd, 2016. Sign up for your complimentary report on THS at:
http://stock-callers.com/registration/?symbol=THS
McCormick
Sparks, Maryland-based McCormick & Co. Inc.'s shares recorded a trading volume of 551,304 shares at the end of yesterday's session. The stock closed the day 0.54% lower at $91.42. The Company's shares have advanced 8.23% since the start of this year. The stock is trading below its 50-day moving average by 2.44%. Additionally, shares of McCormick, which manufactures, markets, and distributes spices, seasoning mixes, condiments, and other flavorful products to the food industry, have an RSI of 47.79.
On November 29th, 2016, the McCormick's Board of Directors declared an increase in the quarterly dividend from $0.43 to $0.47 per share on its common stocks, payable January 17th, 2017 to shareholders of record December 30th, 2016. This marks the 31st consecutive year that the Company has increased its quarterly dividend. At $0.47, the quarterly dividend is more than double the amount paid in 2007. McCormick has paid dividends each year since 1925.
On December 6th, 2016, research firm Bank of America/ Merrill initiated a 'Buy' rating on the Company's stock, issuing a target price of $100 per share. Download the research report for free on MKC at:
http://stock-callers.com/registration/?symbol=MKC
--
Stock Callers:
Stock Callers (SC) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. SC has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.
SC has not been compensated; directly or indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES:
The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email [email protected]. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by SC. SC is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.
NO WARRANTY
SC, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. SC, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, SC, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
NOT AN OFFERING
This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither SC nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit
http://stock-callers.com/legal-disclaimer/
CONTACT
For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Email: [email protected]
Phone number: +44 330 808 3765
Office Address: Clyde Offices, Second Floor, 48 West George Street, Glasgow, U.K. -G2 1BP
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE Chelmsford Park SA
Share this article