Nov. 24, 2014, 5:30 PM
Nov. 17, 2014, 12:03 PM
- Tyson Foods (TSN +4.8%) saw strong pricing in beef and pork help boost its bottom line in FQ4.
- Though a consumer trade-down to chicken could shift the mix over the next quarter, the company thinks sales to restaurants will improve.
- Other meat stocks are also gaining off the strong read from Tyson.
- Gainers: Hormel (NYSE:HRL) +0.7%, Sanderson Farms (NASDAQ:SAFM) +0.9%, Pilgrim's Pride (NASDAQ:PPC) +1.3%, Cal-Maine Foods (NASDAQ:CALM) +1.1%.
Oct. 9, 2014, 10:58 AM
- Consumer staples stocks continue to persevere amid a broad market decline.
- The Consumer Staples Select ETF (NYSEARCA:XLP) is +1.9% over the last 5 days vs. the -1.3% showing of the S&P 500 ETF.
- Today, PepsiCo (PEP +1.5%) is doing some of the heavy lifting following its Q3 earnings report - while a number of meat stocks are also contributing including Pilgrim's Pride (PPC +1.3%), ConAgra Foods (CAG +1.8%), Hormel (HRL +0.7%), Seneca Foods Corp. (SENEA +0.7%), Diamond Foods (DMND +1.1%), Tyson Foods (TSN), and Sanderson Farms (SAFM +0.7%) .
Aug. 21, 2014, 9:53 AM| Aug. 21, 2014, 9:53 AM | Comment!
Aug. 21, 2014, 6:33 AM
Aug. 20, 2014, 5:30 PM
Jul. 1, 2014, 8:44 AM
- Hormel's (HRL) purchase of CytoSport for $450M has raised a few eyebrows in the food sector.
- The high price tag for the maker of Muscle Milk indicates some other bidders were on the prowl for a quick entry into the sports nutrition category, theorize analysts.
- Shares of Vitamin Shoppe (VSI) and GNC Holdings (GNC) are on watch.
Jun. 30, 2014, 6:27 PM
- Hormel (HRL) is buying CytoSport Holdings, maker of Muscle Milk protein drinks and other high-protein products, for $450M.
- With CytoSport expected to have 2014 sales of $370M, Hormel is paying ~1.2x forward sales. The deal is expected to be neutral to FY14 (ends Oct. '14) EPS, and be accretive to FY15 EPS by $0.05.
- Hormel: "Muscle Milk products will serve as a growth catalyst for our Specialty Foods segment, providing this division with a leading brand in the high-growth sports nutrition category ... The acquisition of CytoSport expands our offerings of portable, immediate, protein-rich foods, and broadens our appeal with younger consumers."
Jun. 30, 2014, 5:49 PM| Jun. 30, 2014, 5:49 PM | 1 Comment
Jun. 12, 2014, 2:17 PM
- After missing out on Hillshire Brands and Smithfield Foods, Brazilian food giant JBS S.A. (JBSAY) has a narrower list of acquisition targets, according to Deutsche Bank.
- Oscar Meyer (KRFT) and Hormel Foods (HRL) are two big-target options for JBS, while Maple Leaf Foods MFI and Sanderson Farms SAFM are on the lighter side.
Jun. 12, 2014, 8:39 AM
- Global consumption of meat will increase 1.9% a year over the next decade as demand for protein in nations such as China, Mexico, and Brazil supports the market.
- The UN's Food and Agriculture Organization forecasts that by 2030 the average person will eat close to 99 pounds of meat per year, compared to 86 pounds in 2007.
- The steady rise in protein demand has underpinned a wave of merger activity in the food sector including Tyson Foods' takeover of Hillshire Brands and Shuanghui International's acquisition of Smithfield Foods.
- Related stocks: TSN, HRL, SAFM, SEB, HSH, PPC
May 28, 2014, 7:30 AM
- An outbreak of a deadly pig virus at a farm in Indiana has rekindled fears the disease will reduce the U.S. hog population.
- The incident was a secondary outbreak which raises concerns that affected pigs aren't developing full immunity to the virus.
- Hog futures are up 26% since the PEDV first hit last summer.
- Related stocks: TSN, HRL, HSH, SEB, PPC
- Related ETFs: UBC, COW, LSTK.
May 27, 2014, 10:11 AM
- Shares of Tyson Foods (TSN +3.5%), Hormel (HRL +2.6%), and Sanderson Farms (SAFM +2.5%) all trade higher after the merger profile of the sector gets a lift from Pilgrim Pride's aggressive pursuit of Hillshire Brands.
- Though food industry analysts see long-term potential for the sector through consolidation, they warn the merger premium is getting played out.
May 21, 2014, 7:55 AM
- Hormel (HRL) drove sales higher in FQ2 off of price increases as total volume ended up down 1% from last year.
- The integration of Skippy peanut butter helped to boost results in the U.S. and globally.
- Segment sales growth: Grocery Products -0.4% to $392M; Refrigerated Foods +9.9% to $1.11B; Jennie-O Turkey Store -1.1% to $380M; Specialty Foods -11.6% to $217M; International & Other +22.7% to $143M.
- The company's gross margin rate improved 50 bps to 16.9%.
- HRL -1.4% premarket
May 21, 2014, 6:33 AM
May 20, 2014, 5:30 PM
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