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Food and beverage giants prep for new day

Jun. 01, 2015 12:49 PM ETTarget Corporation (TGT) StockBy: Clark Schultz, SA News Editor6 Comments
  • Iconic food and beverage brands continue to grow out of favor with U.S. consumers, according to a new report from Rabobank.
  • Many Q1 earnings reports tipped off weakness at well-known F&B brands.
  • The bank notes that the increasing purchase power of the millennial generation is a major factor in the shift as e-commerce accounts for a higher mix of purchasing.
  • A willingness of major retail chains such as Target (NYSE:TGT), Kroger (KR), and Costco (COST) to attempt to differentiate themselves with new concepts and products has also contributed to well-known brands slipping.
  • Rabobank thinks major food and beverage players can still show strong growth rates if they are nimble with their strategy and use M&A wisely to catch fresh brands on the upswing.
  • Related stocks: K, GIS, CPB, MDLZ, PEP, KO, HSY, SJM, DPS, KRFT, OTCPK:NSRGY, OTCPK:NSRGF.

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