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Ferrero Set to Acquire WK Kellogg: Here's What the $3.1B Deal Means
ZACKS· 2025-07-11 14:01
Key Takeaways Ferrero will acquire KLG for $3.1B in cash, gaining control of its iconic cereal brands. The deal allows Ferrero to enter the breakfast category and expand its footprint in North America. KLG stock rose 30% on the news, with shares closing at $22.86 after outpacing its industry in three months.The Ferrero Group, a confectionery giant behind brands like Nutella and Kinder, is making a bold move to expand its North America footprint by acquiring WK Kellogg Co (KLG) for $3.1 billion. The all-ca ...
X @Investopedia
Investopedia· 2025-07-10 17:00
Shares of Conagra Brands fell Thursday morning after the snack foods giant's fiscal fourth-quarter results came in below expectations. https://t.co/Uie4428MfA ...
2 Meat Stocks to Keep an Eye On Despite Market Challenges
ZACKS· 2025-07-10 14:10
Industry Overview - The Zacks Food – Meat Products industry is facing challenges such as high input costs and operational expenses, along with export-related hurdles like trade uncertainties and port disruptions [1][5] - The industry includes companies that manufacture, process, market, and sell various meat products, including chicken, pork, beef, and plant-based meats, catering to retail and foodservice customers [3] Current Trends - Rising cost pressures from feed, raw materials, labor, and transportation are straining profit margins, with inflation affecting consumer shopping habits, leading to tighter budgets [4] - Export challenges are exacerbated by trade uncertainties, biosecurity concerns, and strong domestic demand, which limits supply for international markets [5] - The demand for high-protein diets is increasing, benefiting meat companies, while plant-based alternatives are gaining traction as consumers seek healthier options [6] Industry Performance - The Zacks Food – Meat Products industry ranks 201, placing it in the bottom 18% of over 250 Zacks industries, indicating dull near-term prospects [7][8] - The industry has underperformed the broader Zacks Consumer Staples sector and the S&P 500, declining 10.6% over the past year compared to the sector's growth of 2.8% and the S&P 500's rise of 11.1% [10] Valuation Metrics - The industry is currently trading at a forward 12-month price-to-earnings (P/E) ratio of 12.44X, significantly lower than the S&P 500's 22.52X and the sector's 17.42X [12] Company Highlights - Tyson Foods, a leading player in the protein industry, benefits from a diversified multi-protein strategy and strong brand recognition, positioning it for long-term growth despite industry volatility [14] - Beyond Meat focuses on plant-based meat alternatives, capitalizing on the growing consumer demand for healthier food options, and is well-positioned for success in the alternative protein market [19]
X @Bloomberg
Bloomberg· 2025-07-10 12:34
Conagra forecast profit for this fiscal year below Wall Street’s expectations as the packaged goods company pointed to rising costs from US tariffs https://t.co/g0f0eSjeuP ...
X @Bloomberg
Bloomberg· 2025-07-10 01:58
Australia’s total beef exports to the US rose significantly in June in the face of Trump’s new tariff regime https://t.co/KBdDW73gsK ...
Tyson Foods (TSN) Sees a More Significant Dip Than Broader Market: Some Facts to Know
ZACKS· 2025-07-07 23:16
Tyson Foods (TSN) closed at $55.75 in the latest trading session, marking a -2.81% move from the prior day. The stock trailed the S&P 500, which registered a daily loss of 0.79%. Meanwhile, the Dow lost 0.94%, and the Nasdaq, a tech-heavy index, lost 0.92%. Shares of the meat producer have appreciated by 3.71% over the course of the past month, outperforming the Consumer Staples sector's gain of 0.23%, and lagging the S&P 500's gain of 5.22%.Investors will be eagerly watching for the performance of Tyson Fo ...
X @The Wall Street Journal
The heir to the world’s largest meatpacking dynasty started working at JBS as a teen. He says he can judge a slaughterhouse by its parking lot. https://t.co/dOxHL5Nzrp ...
AB InBev Strengthens U.S. Manufacturing Investment in Houston Brewery
ZACKS· 2025-06-18 15:41
Key Takeaways BUD is investing $17M in its Houston brewery to upgrade brewing and transportation operations. This is part of a $300M Brewing Futures program focused on U.S. facility enhancements in 2025. BUD aims to support job growth and innovation while staying agile in a shifting market.As part of its strategic transformation, Anheuser-Busch InBev SA/NV (BUD) , alias AB InBev, recently announced a new $17 million investment in its Houston, TX, brewery, reinforcing its long-standing commitment to Americ ...
X @Investopedia
Investopedia· 2025-06-13 23:30
Shares of JBS posted a slight gain in their NYSE debut Friday after years of complications for the Brazilian meatpacking giant to trade in U.S. public markets. https://t.co/Bg0chQVTpO ...
Pilgrim's Pride (PPC) Laps the Stock Market: Here's Why
ZACKS· 2025-06-12 22:51
Company Performance - Pilgrim's Pride (PPC) closed at $45.75, reflecting a +1.42% change from the previous day's closing price, outperforming the S&P 500's daily gain of 0.38% [1] - Over the past month, shares of Pilgrim's Pride have decreased by 1.27%, underperforming the Consumer Staples sector's gain of 2.14% and the S&P 500's gain of 6.6% [1] Earnings Projections - The upcoming earnings per share (EPS) for Pilgrim's Pride is projected at $1.63, indicating a 2.40% decline compared to the same quarter last year [2] - For the entire fiscal year, the Zacks Consensus Estimates forecast earnings of $5.39 per share and revenue of $0 million, representing changes of -0.55% and 0% from the prior year, respectively [2] Analyst Estimates - Recent changes to analyst estimates for Pilgrim's Pride indicate a dynamic nature of near-term business trends, with positive revisions reflecting analyst optimism regarding the company's profitability [3] Zacks Rank and Valuation - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), currently ranks Pilgrim's Pride at 3 (Hold), with a recent downward shift of 0.37% in the consensus EPS estimate [5] - Pilgrim's Pride is trading at a Forward P/E ratio of 8.38, which is a discount compared to the industry average Forward P/E of 12.24 [6] Industry Context - The Food - Meat Products industry, part of the Consumer Staples sector, has a Zacks Industry Rank of 164, placing it in the bottom 34% of over 250 industries [6][7] - The Zacks Industry Rank measures the strength of industry groups by averaging the Zacks Rank of individual stocks, with top-rated industries outperforming the bottom half by a factor of 2 to 1 [7]