Nov. 21, 2013, 10:12 AM
- New meat labeling rules in the U.S. that start on Saturday aim to help consumers understand exactly where their products have originated from in the wake of meat contamination issues.
- The new labels will include a biography of sorts on the animals consumers are eating - with detailed information on where livestock was born, raised, and slaughtered.
- The USDA estimates that compliance will cost the meat industry between $53.1M and $192.1M, although the development could be an advantage to U.S. producers.
- Related stocks: Tyson Foods (TSN), Hormel Foods (HRL), Sanderson Farms (SAFM), Seaboard Corporation (SEB), Hillshire Brands (HSH).
Nov. 7, 2013, 10:00 AM
- The FDA says it will propose measures to dramatically limit artificial trans fats from products sold in the U.S.
- Many varieties of packaged foods and frozen foods contain trans fats as well as items commonly sold at restaurants.
- Cutting the fat: Nestle (NSRGY), PepsiCo (PEP), Tyson Foods (TSN), Mondelez International (MDLZ), Unilever (UL), General Mills (GIS), Kraft Foods (KRFT), Kellogg (K), Dean Foods (DF), Campbell Soup (CPB), Hormel (HRL), Hershey (HSY), Pilgrims Pride (PPC),
Sep. 6, 2013, 9:07 AM| Sep. 6, 2013, 9:07 AM | Comment!
Aug. 22, 2013, 11:20 AM
- Hormel Foods (HRL +1.1%) trades higher after putting up a mixed quarter.
- Operating profits were higher for four out of five of the company's segments but were down 26% for the refrigerated foods segment which accounts for around half of net sales.
- Overall, volumes were up 3% for the quarter.
- Full year EPS outlook affirmed at $1.88-1.96 versus consensus of $1.95. (PR)
Aug. 22, 2013, 6:32 AM
Aug. 22, 2013, 12:05 AM
Aug. 21, 2013, 5:30 PM
Aug. 13, 2013, 10:41 AM
- A sharp drop in corn prices could filter down to help give a little lift to the bottom lines of a number of food companies.
- Tyson Foods (TSN +0.4%), Pilgrims Pride <<PPC>, and Hormel (HRL +0.6%) are three of the companies that could benefit the most if hedging strategies don't get in the way.
- Raw material cost could turn lower for cereal makers Kellogg (K -0.1%), General Mills (GIS), and Post Holdings (POST -0.7%).
- Soda sellers Coca-Cola (KO -0.5%), PepsiCo (PEP -0.3%), and Dr. Pepper Snapple (DPS -0.3%) won't mind the news either.
Aug. 5, 2013, 2:22 PM
- Shares of Tyson Foods (TSN +4.3%) are higher after the company surprised analysts with a brisk quarter led by steady demand for chicken, pork, and beef products. The trend of restaurants and consumers moving toward a higher mix of lower-margin chicken products seems to have abated, which is also welcome relief for Tyson.
- Peers are out-performing market averages for the days on the good sector news. SFD +0.1%, HRL +0.2%, PPC +0.4%.
Jul. 29, 2013, 2:38 PM| Jul. 29, 2013, 2:38 PM | Comment!
Jul. 12, 2013, 7:32 AM
Jun. 18, 2013, 8:19 AMHormel (HRL) lowers estimates for profitability this year, dropping its EPS outlook to $1.88-$1.96 from prior guidance of $1.93-$2.03. The company cites higher input costs and poor pork sales for the shortfall. HRL -9% premarket, working off much of the gains picked up from enthusiasm in the sector after Smithfields Foods was bought out. | Jun. 18, 2013, 8:19 AM | 2 Comments
Jun. 17, 2013, 8:49 AMSmithfield Foods (SFD) moves up 1.4% premarket after Starboard Value pitches that a piecemeal sale of the company might make sense. The sum-of-the-parts chatter could also provide another lift for the packaged meats sector as a whole. On watch: Tyson Foods (TSN), Seaboard Corporation (SEB), Hillshire Brands (HSH), and Hormel Foods (HRL). | Jun. 17, 2013, 8:49 AM | Comment!
Jun. 14, 2013, 7:58 AMHormel Foods (HRL) gets an upgrade to Buy from Hold from KeyBanc (PT $48) as accretion from the acquisition of the iconic Skippy peanut butter brand, lower costs, and improved new product growth should create upside to FY14 EPS estimates. Meanwhile, SA contributor Joseph Reinke said recently that the shares are overvalued and present a "low to negative return potential with moderate risk." | Jun. 14, 2013, 7:58 AM | Comment!
May 29, 2013, 9:31 AMShares of Tyson Foods (TSN) and Hormel Foods (HRL) trade higher following the blockbuster acquisition of Smithfield Foods. The rally stems from the premium Smithfield caught and the notion that China will increasingly look to U.S. food companies with safety concerns creating headlines all year long. Premarket: TSN +4.2%, HRL +2.2%. | May 29, 2013, 9:31 AM | Comment!
May 29, 2013, 7:40 AMMeat company stocks are in focus with Smithfield Foods reportedly set to sell itself for a tasty 25%-30% premium. Though Smithfield Foods has drawn the most attention from activist investors, calls for extracting more value from sector peers are also getting louder. On watch: Tyson Foods (TSN), Hormel Foods (HRL), Sanderson Farms (SAFM), Seaboard Corporation (SEB), Hillshire Brands (HSH). | May 29, 2013, 7:40 AM | Comment!
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