Major Diversified Food Stocks Technical Reports -- Blue Buffalo Pet Products, Pinnacle Foods, Amplify Snack Brands, and Cal-Maine Foods
NEW YORK, September 14, 2016 /PRNewswire/ --
Companies in the Major Diversified Foods space market a variety of food products, which include snacks, dairy products, packaged dinners, and processed meats. These firms offer dividend yields that are in-line with the wider market. Today, Stock-Callers.com highlights four stocks for review, which are: Blue Buffalo Pet Products Inc. (NASDAQ: BUFF), Pinnacle Foods Inc. (NYSE: PF), Amplify Snack Brands Inc. (NYSE: BETR), and Cal-Maine Foods Inc. (NASDAQ: CALM). Today's research reports on the aforementioned stocks are downloadable for free upon registration at: http://stock-callers.com/registration
Blue Buffalo Pet Products
Wilton, Connecticut headquartered Blue Buffalo Pet Products Inc.'s stock finished Tuesday's session 7.05% lower at $24.25. A total volume of 9.83 million shares was traded, which was above their three months average volume of 1.27 million shares. The Company's shares have advanced 2.58% in the previous three months and 29.61% since the start of this year. The stock is trading 7.74% above its 200-day moving average. Additionally, shares of the company, which through its subsidiary, Blue Buffalo Company, Ltd., operates as a pet food company in the US, Canada, Japan, and Mexico, have a Relative Strength Index (RSI) of 36.18.
On September 12th, 2016, the company announced that certain of its stockholders intend to offer for sale in an underwritten secondary offering an aggregate of 14,300,000 shares of its common stock. The company noted that it is not offering any shares of common stock in the proposed offering and will not receive any proceeds from the sale of shares in the proposed offering. The offering is expected to close on September 16th, 2016, subject to customary closing conditions. Visit us today and access our complete research report on BUFF at: http://stock-callers.com/registration/?symbol=BUFF
On Tuesday, shares in Parsippany, New Jersey headquartered Pinnacle Foods Inc. recorded a trading volume of 1.66 million shares, which was higher than their three months average volume of 1.21 million shares. The stock ended the session 1.21% lower at $49.93. The Company's shares have advanced 1.34% in the last one month, 15.92% over the previous three months, and 19.72% on an YTD basis. The stock is trading 1.47% above its 50-day moving average and 12.77% above its 200-day moving average. Moreover, shares of Pinnacle Foods, which through its subsidiaries, manufactures, markets, and distributes branded convenience food products in North America, have an RSI of 47.95.
On August 30th, 2016, Pinnacle Foods announced the appointment of Michael E. Allen to the position of Executive Vice President and President, Boulder, effective September 19th, 2016. Allen will report to Chief Executive Officer Mark Clouse and replace Phil Anson, interim Boulder General Manager and founder of EVOL® frozen foods. The complimentary report on PF can be downloaded at: http://stock-callers.com/registration/?symbol=PF
Amplify Snack Brands
Shares in Austin, Texas headquartered Amplify Snack Brands Inc. closed the day 0.85% lower at $16.33. The stock recorded a trading volume of 1.05 million shares, which was higher than its three months average volume of 724,510 shares. The Company's shares have gained 12.08% in the last month, 31.69% in the previous three months, and 41.75% on an YTD basis. The stock is trading 5.66% above its 50-day moving average and 24.41% above its 200-day moving average. Additionally, shares of Amplify Snack Brands, which together with its subsidiaries, develops, markets, and distributes better-for-you snacking products in the US and Canada, have an RSI of 53.55.
On September 2nd, 2016, Amplify Snack Brands announced that it has completed the acquisition of Crisps Topco Limited and Subsidiaries. The Company continues to expect that this acquisition will be accretive to both its 2017 and 2018 diluted earnings per share. As part of the transaction, the company paid approximately £278 million in cash and issued approximately 2.1 million shares of its common stock to Investcorp and members of Tyrrells' management team. Register for free on Stock-Callers.com and access the latest research report on BETR at: http://stock-callers.com/registration/?symbol=BETR
At the close, shares in Jackson, Mississippi-based Cal-Maine Foods Inc. ended at $43.70, which was a slight drop of 0.75%. The stock recorded a trading volume of 343,639 shares. The Company's shares have advanced 3.92% in the last one month and 8.54% over the previous three months. The stock is trading above its 50-day moving average by 0.59%. Furthermore, shares of Cal-Maine Foods, which produces, grades, packages, markets, and distributes shell eggs, have an RSI of 47.37.
On September 12th, 2016, Cal-Maine Foods announced that it will release its Q1 FY17 financial results on September 26th, 2016. A press release will be issued prior to the open of market trading. Get free access to your research report on CALM at: http://stock-callers.com/registration/?symbol=CALM
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