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Ingredion's President and CEO Sells 33k Shares Before Becoming New Board Chairman
The Motley Fool· 2026-02-22 09:55
Core Insights - James P. Zallie, President and CEO of Ingredion, reported the sale of 33,597 shares for approximately $4.02 million amid changes in the board of directors [1][2] - The transaction represents 40.11% of Zallie's direct ownership at the time, which is higher than recent historical medians [6] - Zallie's sale was part of a Rule 10b5-1 trading plan, indicating it was pre-planned and not a reaction to market conditions [9] Company Overview - Ingredion is a global supplier of specialty food ingredients, producing starches, sweeteners, corn oil, protein feeds, and other ingredients derived from corn and starch-based materials [8] - The company serves various sectors including food and beverage manufacturers, animal nutrition producers, and industrial clients across multiple regions [8] Financial Performance - For the trailing twelve months (TTM), Ingredion reported revenue of $7.22 billion and net income of $729 million [4] - The company has a dividend yield of 2.98% and experienced a 1-year price change of -4.23% as of February 11, 2026 [4] - The company's market capitalization stands at $7.4 billion, with a gross margin of 25.97% [7] Recent Developments - Zallie was appointed Chairman of the Board following the resignation of former Chair Gregory Kenny, a common practice in corporate governance [9] - Despite growth in net income and earnings-per-share (EPS) year-over-year, the company reported a decline in revenue and has faced three consecutive quarters of declining net income and EPS [10] - The company is still recovering from global production impacts, which may be a point of concern for investors [10]
JBS N.V. (JBS) Reaches an Agreement to Invest $150 Million in Exchange for an 80% Ownership Interest in a Food Business Based in Oman
Yahoo Finance· 2026-02-22 04:31
JBS N.V. (NYSE:JBS) is among the 11 Newly-Listed NYSE Stocks to Buy Now. JBS N.V. (JBS) Reaches an Agreement to Invest $150 Million in Exchange for an 80% Ownership Interest in a Food Business Based in Oman On February 8, 2026, JBS N.V. (NYSE:JBS) reached an agreement to invest $150 million in exchange for an 80% ownership interest in a food business based in Oman, according to reporting by Dayanne Sousa and Martha Viotti Beck of Bloomberg. The transaction is being carried out in partnership with the Oma ...
Organto Foods Completes Warrant Exercise Incentive Program
Accessnewswire· 2026-02-20 21:17
VANCOUVER, BC AND BREDA, THE NETHERLANDS / ACCESS Newswire / February 20, 2026 / Organto Foods Incorporated (TSXV:OGO)(OTCQX:OGOFF)(FSE:OGF0) ("Organto" or the "Company") is pleased to report that, further to its news releases dated January 2, 2026 and January 19, 2026 regarding its early warrant exercise incentive program (the "Incentive Program"), the Company has now completed the Incentive Program. The Company will now issue 7,760,000 common shares for aggregate gross proceeds of $5,820,000 from the exer ...
EnWave Reports 2026 First Quarter Consolidated Interim Financial Results
Globenewswire· 2026-02-20 14:00
Core Insights - EnWave Corporation reported consolidated interim financial results for Q1 2026, showing significant revenue growth and improvements in gross margin compared to the previous year [1][4]. Financial Performance - Revenues for Q1 2026 reached CAD 1,600,000, an increase of 36% from CAD 1,177,000 in Q1 2025, attributed to large-scale machine sales and increased royalties [2][4]. - Direct costs rose to CAD 1,006,000, up 20% from CAD 837,000 in the prior year [2]. - Gross margin improved to CAD 594,000, representing a 75% increase from CAD 340,000, with a gross margin percentage of 37% compared to 29% in Q1 2025 [2][4]. - Operating expenses totaled CAD 1,468,000, a 16% increase from CAD 1,268,000, driven by higher sales personnel and other costs [2][4]. - The net loss from continuing operations was CAD 1,108,000, an 18% increase from CAD 938,000 in the previous year [2][4]. - Adjusted EBITDA loss was CAD 585,000, showing an improvement of CAD 50,000 from CAD 635,000 in Q1 2025 [2][4]. Revenue Breakdown - Base royalties for Q1 2026 were CAD 500,000, an 18% increase from CAD 425,000 in the prior year [4]. - Total royalty revenue for Q1 2026 was CAD 627,000, a 12% increase from CAD 559,000 in Q1 2025, driven by more royalty partners and increased product sales [4]. Corporate Developments - EnWave signed several Commercial License Agreements (CLAs) with partners, including Gowen Gumlu Grower's Association in Australia and Shinyway International Limited in New Zealand, indicating expansion in its market presence [10][11]. - The company has developed a robust intellectual property portfolio and continues to innovate in vacuum microwave dehydration technology, enhancing its competitive edge in the food, pharmaceutical, and cannabis industries [8][9].
Just Bare® Delivers $1 Billion in Annual Retail Sales as Pilgrim’s Accelerates Momentum in Prepared Foods
Globenewswire· 2026-02-19 20:00
GREELEY, Colo., Feb. 19, 2026 (GLOBE NEWSWIRE) -- Just Bare®, the fast-growing chicken brand within the Pilgrim’s (NASDAQ: PPC) prepared foods portfolio, has surpassed $1 billion in annual retail sales in 2025. With a 45% annual growth rate and the fastest sales momentum in the category, Just Bare has rapidly evolved from a niche brand into a leading force in frozen and fresh chicken.“Crossing the $1 billion threshold is a testament not only to the strength of the Just Bare brand, but also to the strategic ...
Kraft Heinz CEO on paused split: My focus is now on turning around the North American business
Youtube· 2026-02-19 16:16
Core Viewpoint - Craft Hinds is attempting to reverse its prolonged stock and sales slump by pausing its planned separation into two companies and focusing on turning around its North American business [1][4]. Group 1: Company Strategy - The company has decided to pause the separation plan to concentrate on improving the health of its North American grocery business, which has not been performing as expected [4][5]. - The CEO emphasizes that the primary focus is now on turning around the North American business to create a healthier state, which will preserve the option for future separation if desired [5][6]. - A significant investment of $600 million has been announced to support marketing expansion and return to organic growth, addressing the loss of market share over the past decade [7][9]. Group 2: Market Performance - Since the merger of Craft Hinds ten years ago, the company has consistently lost market share each year, with the last year being particularly poor [8][9]. - The company operated with significantly lower overhead and marketing levels compared to peers, which contributed to its declining market position [8][9]. - The new investment aims to bring marketing levels closer to industry benchmarks, with the expectation that improvements will take time but are necessary for recovery [9][10].
How HRL Is Reshaping Its Portfolio to Support Long-Term Growth
ZACKS· 2026-02-19 15:51
Core Insights - Hormel Foods Corporation is selling its whole-bird turkey business to Life-Science Innovations to enhance profitability and adapt to changing consumer preferences [1][8] - The divestiture reflects Hormel's strategic shift towards value-added protein products, reducing reliance on commodity-driven operations that can lead to earnings volatility [2][5] Transaction Details - Life-Science Innovations will acquire production assets, including a Minnesota processing facility, feed mill, transportation equipment, and grower supply contracts related to the whole-bird business [3] - The transaction is expected to close by the end of the second quarter of fiscal 2026, with co-manufacturing services provided during the transition to ensure customer order fulfillment [3][5] Financial Impact - Management anticipates that the divestiture will have a limited impact on adjusted fiscal 2026 results, with further details to be discussed in the upcoming earnings call [4][8] Strategic Focus - The move is part of Hormel Foods' broader strategy to streamline turkey operations and align resources with key focus areas, ensuring continuity for employees, customers, growers, and suppliers during the transition [5] Market Performance - Hormel Foods shares have increased by 10.4% over the past three months, outperforming the S&P 500 index's growth of 3.2% during the same period [6]
What Are Analysts Saying About Tyson Foods (TSN) Post Earnings?
Yahoo Finance· 2026-02-19 14:51
Tyson Foods, Inc. (NYSE:TSN) is one of the best natural and organic food stocks to buy now. On February 3, BofA adjusted the price target on Tyson Foods, Inc. (NYSE:TSN) to $68 from $65 while maintaining a Neutral rating on the shares. The firm told investors that it raised its FY26, FY27, and FY28 adjusted EPS estimates to $3.73, $4.83, and $5.74, respectively, following the company’s announcement of its Q1 adjusted operating income and EPS that were largely in line with BofA estimates. The firm further n ...
Beyond Meat, Inc. (BYND) Securities Fraud: Contact Berger Montague To Discuss Your Rights
TMX Newsfile· 2026-02-19 14:51
Philadelphia, Pennsylvania--(Newsfile Corp. - February 19, 2026) - National plaintiffs' law firm Berger Montague PC announces that a class action lawsuit has been filed against Beyond Meat, Inc. (NASDAQ: BYND) ("Beyond Meat" or the "Company") on behalf of investors who purchased or otherwise acquired Beyond Meat securities during the period from February 27, 2025 through November 11, 2025 (the "Class Period"), inclusive.Investor Deadline: Investors who purchased Beyond Meat securities during the Class Peri ...
Kerry Group Conference: Biotech Push, Volume-Led Growth, and 19–20% EBITDA Margin Target by 2028
Yahoo Finance· 2026-02-19 14:36
Scanlon argued that biotechnology and biofermentation are increasingly central to solving industry challenges, citing pressures such as climate volatility, finite raw materials, and consumer demands for simpler labels, better nutrition, functional benefits, and authentic taste at a competitive cost. He said biotechnology enables scalable solutions that are not limited by traditional agriculture and can support cleaner labels, improved nutrition, consistent taste, and reduced environmental impact.Scanlon hig ...