Market News

Sysco (SYY)

FastCasual.com is reporting that Coleman Natural Foods, the country’s leading processor of fresh and prepared, natural and organic, free-range poultry, beef and pork products, has entered into an exclusive agreement with Sysco. The arrangement covers a variety of Coleman’s popular all natural and organic chicken and beef products, said John Bogert, Coleman’s chief operating officer. The products are targeted to fast-casual and casual dining establishments.

Dec 18 · 1:42:00 PM · Source: FastCasual.com
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by Rich Pike

Susser Holdings Corporation (SUSS)

JP Morgan downgraded Susser Holdings Corporation from Market Weight to Neutral.

Dec 18 · 1:20:00 PM
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by Rich Pike

Wimm Bill Dann Foods Ojsc (WBD)

Citigroup downgraded Wimm Bill Dann Foods Ojsc from Buy to Hold.

Dec 17 · 8:52:00 PM
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by Rich Pike

Del Monte Foods Company (DLM)

KeyBanc Capital Mkts initiated coverage for Del Monte Foods Company with a recommendation of Hold.

Dec 17 · 8:29:00 PM
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by Rich Pike

Diamond Foods Inc. (DMND)

Janney Mntgmy Scott initiated coverage for Diamond Foods Inc. with a recommendation of Buy.

Dec 17 · 8:29:00 PM
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by Rich Pike

Rite Aid Corporation (RAD)

Rite Aid said it posted a third quarter loss of $83.9 million, or 10 cents a share, compared with a prior-year loss of $243.1 million, or 30 cents a share. Revenue declined 1.8% to $6.35 billion primarily because of store closings and a drop in front-of-the-store sales.
The loss was smaller than analysts had expected.

Dec 17 · 11:41:00 AM · Source: Company News
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by Larry Etter

General Mills (GIS)

Cereal maker General Mills said its fiscal second quarter profit rose to $565.5 million, or $1.66 a share, from $378.2 million, or $1.09 a share, a year earlier. Excluding a gain from commodity hedges, earnings were $1.54 a share. Sales rose 1.7 percent to $4.08 billion as a 4 percent increase in the U.S. retail segment, the company's largest business, helped offset a 16 percent decline in the bakeries and food service unit.
Earnings were above analyst expectations.

Dec 17 · 11:04:00 AM · Source: Company News
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by Larry Etter

Pepsico (PEP)

Gatorade, a unit of PepsiCo, is looking to innovate itself out of a sales slump and will spend some $30 million on product and packaging development to do so, according to Advertising Age. The granddaddy of the sports-drink category, Ad Age says, is pushing forward with plans to introduce "G Series," a grouping of three product categories, while giving another facelift to its core product lines.

Dec 15 · 12:54:00 PM · Source: Advertising Age
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by Larry Etter

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