3 Stocks to Watch For: Brunswick Corporation (BC), CyrusOne Inc. (CONE), Pinnacle Foods Inc. (PF)

Brunswick Corporation (BC) saw its value decrease by -1.28% as the stock dropped $-0.66 to finish the day at a closing price of $50.89. The stock was lighter in trading and has fluctuated between $36.05-$52.62 per share for the past year. The shares, which traded within a range of $50.8 to $51.69 during the day, are up by 9.49% in the past three months and up by 9.16% over the past six months. It is currently trading 8.17% above its 20 day moving average and 7.48% above its 50 day moving average. Analysts believe the company can continue to increase in value to reach at $58.71 a share over the next twelve months. The current relative strength index (RSI) reading is 65.86.The technical indicator lead us to believe there will be no major movement any time soon, hold.

Brunswick Corporation designs, manufactures, and markets recreation products worldwide. The company’s Marine Engine segment offers outboard engines, sterndrive propulsion systems, and inboard engines; marine electronics and control integration systems, steering systems, instruments, controls, propellers, trolling motors, fuel systems, service parts, and marine lubricants; and integrated, high-speed diesel propulsion systems to the recreational and commercial marine markets. It serves independent boat builders and end users, as well as local, state, and foreign governments through marine dealers and distributors, specialty marine retailers, and marine service centers under the Mercury, Mercury MerCruiser, Mariner, Mercury Racing, Mercury Sport Jet, Mercury Jet Drive, MotorGuide, Sea Pro, Axius, Zeus, Quicksilver, Mercury Precision Parts, Mercury Propellers, Attwood, Garelick, Whale, Land ‘N’ Sea, Kellogg Marine Supply, Diversified Marine Products, Bell Recreational Products, BLA, Seachoice, and MotorGuide brands. The company’s Boat segment offers fiberglass pleasure boats; luxury yachts, yachts, and sport yachts; offshore fishing boats; aluminum and fiberglass fishing boats; pontoon boats; and deck and inflatable boats under the Sea Ray L-Class, Bayliner, Meridian, Boston Whaler, Lund, Crestliner, Cypress Cay, Harris, Lowe, Princecraft, Master Dealer, Protector, Quicksilver, Rayglass, and Uttern brands. Its Fitness segment provides cardiovascular fitness equipment; and strength-training equipment, as well as engages in the billiards business. This segment serves health clubs, corporations, schools and universities, hotels, professional sports teams, retirement and assisted living facilities, and the military and governmental agencies under the Life Fitness, Hammer Strength, SCIFIT, Cybex, Air Hockey, Brunswick, Contender, Flex Deck, Gold Crown, InMovement, and Lifecycle brands. The company was founded in 1845 and is headquartered in Lake Forest, Illinois.

CyrusOne Inc. (CONE) shares were up in last trading by 1.1% to $41.35. It experienced lighter than average volume on day. The stock decreased in value by almost -4.39% over the past week and fell -0.7% in the past month. It is currently trading -8.01% below its 50 day moving average and -11.92% below its 200 day moving average. Following the recent increase in price, the stock’s new closing price represents a -26.88% decrease in value from its one year high of $57. The RSI indicator value of 44.16, lead us to believe that it is a hold for now.

CyrusOne Inc., a real estate investment trust (REIT), owns, operates, and develops enterprise-class, carrier-neutral, and multi-tenant data center properties. The company provides mission-critical data center facilities that protect and ensure the continued operation of information technology infrastructure. Its customers operate in various industries, including energy, oil and gas, mining, medical, technology, finance, and consumer goods and services. As of December 31, 2015, the company’s property portfolio included approximately 32 data centers in the United States, the United Kingdom, and Singapore collectively providing approximately 2,954,000 net rentable square feet. The company qualified as a REIT for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was founded in 2012 and is headquartered in Carrollton, Texas.

Pinnacle Foods Inc. (PF) traded within a range of $48.41 to $49.19 after opening the day at $48.75. The company has seen its stock increase in value by 16.94% so far this year. The stock was up close to 0.54% on light volume in last trading session and closed at $48.77 per share. After the recent gain, the stock is currently holding -7.62% below its 52 week high of $52.79 and 26.83% above its 12-month low of $39.15. The shares are down by over -5.21% in the last three months, and the RSI indicator value of 43.73 is neither bullish nor bearish, tempting investors to stay on the sidelines.

Pinnacle Foods Inc., through its subsidiaries, manufactures, markets, and distributes branded convenience food products in North America. It operates through three segments: Birds Eye Frozen, Duncan Hines Grocery, and Specialty Foods. The Birds Eye Frozen segment offers frozen vegetables, frozen complete bagged meals, frozen meat/poultry substitutes, frozen prepared seafood, frozen and refrigerated bagels, frozen pizza for one, full-calorie single-serve frozen dinners and entrées, and frozen pancakes/waffles/French toast under the Birds Eye, Birds Eye Voila!, Van de Kamp’s, gardein, Mrs. Paul’s, Lender’s, Celeste, Hungry-Man, and Aunt Jemima brand names. The Duncan Hines Grocery segment provides cake/brownie mixes and frostings, muffin and cookie mixes, shelf-stable pickles and salad dressings, table syrup, canned meat, pie/pastry fruit fillings, and barbecue sauces under the Duncan Hines, Vlasic, Wish-Bone, Western, Mrs. Butterworth’s, Log Cabin, Armour, Brooks, Nalley, Comstock, Wilderness, Bernstein’s, and Open Pit brand names. The Specialty Foods segment offers snack products under the Hawaiian kettle style chips, Tim’s Cascade, Snyder of Berlin, and Husman’s brand names; and is involved in food service and private label businesses. The company sells its products through supermarkets, grocery wholesalers and distributors, mass merchandisers, super centers, convenience stores, dollar stores, natural and organic food stores, drug stores, and warehouse clubs in the United States and Canada, as well as in military channels and foodservice locations. Pinnacle Foods Inc. is headquartered in Parsippany, New Jersey.

 

Stocks To Track: Nordstrom Inc. (JWN), AMC Networks Inc. (AMCX), Pinnacle Foods Inc. (PF)

Nordstrom Inc. (JWN) climbed 0.44% during last trading as the stock added $0.23 to finish the day at $52.05 with about 2.98M shares changing hands, compared to its three month average trading volume of 3.17M. The $9.16B market cap company, which fluctuated between $51.17 and $52.57 during the day, currently situated 49.73% above its 52 week low of $35.01 and -18.1% away from its one year high of $64.51. The RSI of 49.2 indicates the stock is neither overvalued nor undervalued at the current levels, hold for now.

Nordstrom, Inc., a fashion specialty retailer, offers apparel, shoes, cosmetics, and accessories for men, women, and children in the United States and Canada. It operates through two segments, Retail and Credit. The Retail segment offers a selection of brand name and private label merchandise through various channels, including Nordstrom branded full-line stores and online store at Nordstrom.com; Nordstrom Rack stores; Nordstromrack.com and HauteLook; and other retail channels, including Trunk Club showrooms and TrunkClub.com, Jeffrey boutiques, and clearance store that operates under the name Last Chance. The Credit segment operates Nordstrom fsb, a federal savings bank, which provides a private label credit card, two Nordstrom VISA credit cards, and a debit card. Its credit and debit cards feature a shopping-based loyalty program. As of October 21, 2016, the company operated 346 stores in 40 states, including 123 full-line stores in the United States and Canada; 213 Nordstrom Rack stores; 2 Jeffrey boutiques; and 2 clearance stores. Nordstrom, Inc. also sells its products through catalogs. The company was founded in 1901 and is based in Seattle, Washington.

AMC Networks Inc. (AMCX) dropped $-0.95 to close the day at a new closing price of $52.37, a -1.78% decrease in value from its previous closing price that moved the stock 13.43% above its 52 week low of $46.17. A total of 1.14M shares exchanged hands during the day compared with its three month average trading volume of 803.12K. The stock, which fluctuated between $52.21 and $53.49 during the day, currently situated -37.49% below its 52 week high. The stock is up by 1.75% in the past one month and down by -2.57% over the past three months. With a one year target estimate of $64.94 and RSI of 56.02, the stock still has upside potential, making it a hold for now.

AMC Networks Inc. engages in the ownership and operation of various cable television’s brands delivering content to audiences, and a platform to distributors and advertisers in the United States and internationally. The company operates in two segments, National Networks, and International and Other. The National Networks segment operates five distributed entertainment programming networks under the AMC, WE tv, BBC AMERICA, IFC, and SundanceTV names in high definition and standard definition formats. This segment distributes its networks in the United States through cable and other multichannel video programming distribution platforms, including direct broadcast satellite and platforms operated by telecommunications providers. The International and Other segment delivers entertaining and acclaimed programming services for subscribers in approximately 140 countries and territories, including Europe, Latin America, the Middle East, and the parts of Asia and Africa. This segment also operates in independent film distribution business that distributes films across various media platforms, including theaters, cable/satellite video-on-demand, DVDs and cable network television, and streaming/downloading to computers and other electronic devices. The company offers movies and entertainment networks to approximately 390 million subscribers in 130 countries. AMC Networks Inc. was founded in 1980 and is headquartered in New York, New York.

Pinnacle Foods Inc. (PF) had a light trading with around 1.19M shares changing hands compared to its three month average trading volume of 1.1M. The stock traded between $52.07 and $52.79 before closing at the price of $52.64 with 0.77% change on the day. The Parsippany New Jersey 07054 based company is currently trading 36.89% above its 52 week low of $39.15 and 0.38% above its 52 week high of $52.79. Both the RSI indicator and target price of 66.34 and $55.21 respectively, lead us to believe that it should be put on hold over the coming weeks.

Pinnacle Foods Inc., through its subsidiaries, manufactures, markets, and distributes branded convenience food products in North America. It operates through three segments: Birds Eye Frozen, Duncan Hines Grocery, and Specialty Foods. The Birds Eye Frozen segment offers frozen vegetables, frozen complete bagged meals, frozen meat/poultry substitutes, frozen prepared seafood, frozen and refrigerated bagels, frozen pizza for one, full-calorie single-serve frozen dinners and entrées, and frozen pancakes/waffles/French toast under the Birds Eye, Birds Eye Voila!, Van de Kamp’s, gardein, Mrs. Paul’s, Lender’s, Celeste, Hungry-Man, and Aunt Jemima brand names. The Duncan Hines Grocery segment provides cake/brownie mixes and frostings, muffin and cookie mixes, shelf-stable pickles and salad dressings, table syrup, canned meat, pie/pastry fruit fillings, and barbecue sauces under the Duncan Hines, Vlasic, Wish-Bone, Western, Mrs. Butterworth’s, Log Cabin, Armour, Brooks, Nalley, Comstock, Wilderness, Bernstein’s, and Open Pit brand names. The Specialty Foods segment offers snack products under the Hawaiian kettle style chips, Tim’s Cascade, Snyder of Berlin, and Husman’s brand names; and is involved in food service and private label businesses. The company sells its products through supermarkets, grocery wholesalers and distributors, mass merchandisers, super centers, convenience stores, dollar stores, natural and organic food stores, drug stores, and warehouse clubs in the United States and Canada, as well as in military channels and foodservice locations. Pinnacle Foods Inc. is headquartered in Parsippany, New Jersey.

 

Stocks Intraday Alert: Pinnacle Foods Inc. (PF), GNC Holdings Inc. (GNC), The Coca-Cola Company (KO)

Pinnacle Foods Inc. (PF) managed to rebound with the stock climbing 0.44% or $0.22 to close the day at $50.08 on lower than average trading volume of 1.24M shares, compared to its three month average trading volume of 1.25M. The Parsippany New Jersey 07054 based company has been outperforming the food – major diversified companies by 14.3452% for last three months and its recent gains have pushed the stock slightly up 20.08% YTD, versus the food – major diversified industry which is up 23.46% for the same period. The RSI of 49.32 indicates the stock is neither overvalued nor undervalued at the current levels, hold for now.

Pinnacle Foods Inc., through its subsidiaries, manufactures, markets, and distributes branded convenience food products in North America. It operates through three segments: Birds Eye Frozen, Duncan Hines Grocery, and Specialty Foods. The Birds Eye Frozen segment offers frozen vegetables, frozen complete bagged meals, frozen meat/poultry substitutes, frozen prepared seafood, frozen and refrigerated bagels, frozen pizza for one, full-calorie single-serve frozen dinners and entrées, and frozen pancakes/waffles/French toast under the Birds Eye, Birds Eye Voila!, Van de Kamp’s, gardein, Mrs. Paul’s, Lender’s, Celeste, Hungry-Man, and Aunt Jemima brand names. The Duncan Hines Grocery segment provides cake/brownie mixes and frostings, muffin and cookie mixes, shelf-stable pickles and salad dressings, table syrup, canned meat, pie/pastry fruit fillings, and barbecue sauces under the Duncan Hines, Vlasic, Wish-Bone, Western, Mrs. Butterworth’s, Log Cabin, Armour, Brooks, Nalley, Comstock, Wilderness, Bernstein’s, and Open Pit brand names. The Specialty Foods segment offers snack products under the Hawaiian kettle style chips, Tim’s Cascade, Snyder of Berlin, and Husman’s brand names; and is involved in food service and private label businesses. The company sells its products through supermarkets, grocery wholesalers and distributors, mass merchandisers, super centers, convenience stores, dollar stores, natural and organic food stores, drug stores, and warehouse clubs in the United States and Canada, as well as in military channels and foodservice locations. Pinnacle Foods Inc. is headquartered in Parsippany, New Jersey.

GNC Holdings Inc. (GNC) had a light trading with around 1.14M shares changing hands compared to its three month average trading volume of 1.89M. The stock traded between $20 and $20.35 before closing at the price of $20.24 with 0.45% change on the day. The Pittsburgh Pennsylvania 15222 based company is currently trading 8.01% above its 52 week low of $18.92 and -52.04% below its 52 week high of $43.09. Both the RSI indicator and target price of 38.85 and $24.9 respectively, lead us to believe that it should be put on hold over the coming weeks.

GNC Holdings, Inc., together with its subsidiaries, operates as a specialty retailer of health, wellness, and performance products. The company operates through three segments: Retail, Franchise, and Manufacturing/Wholesale. Its products include vitamins, minerals, and herbal supplement products; and sports nutrition products, diet products, and other wellness products. The company sells its products under the GNC proprietary brands, including Mega Men, Ultra Mega, Total Lean, Pro Performance, Pro Performance AMP, Beyond Raw, GNC Puredge, GNC GenetixHD, and Herbal Plus, as well as under third-party brands. It operates a network of approximately 9,000 locations under the GNC brand worldwide. The company sells its products through company-owned retail stores; Websites, including GNC.com and LuckyVitamin.com, as well as Drugstore.com; domestic and international franchise activities; third-party contract manufacturing; and e-commerce and corporate partnerships. GNC Holdings, Inc. was founded in 1935 and is headquartered in Pittsburgh, Pennsylvania.

The Coca-Cola Company (KO) traded within a range of $42.1 to $42.61 after opening the day at $42.28. The company has seen its stock increase in value by 1.36% so far this year. The stock was up close to 0.45% on active volume in last trading session and closed at $42.53 per share. After the recent gain, the stock is currently holding -8.33% below its 52 week high of $47.13 and 13.94% above its 12-month low of $38.51. The shares are down by over -4.42% in the last three months, and the RSI indicator value of 42.86 is neither bullish nor bearish, tempting investors to stay on the sidelines.

The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company primarily offers sparkling beverages and still beverages. Its sparkling beverages include nonalcoholic ready-to-drink beverages with carbonation, such as carbonated energy drinks, and carbonated waters and flavored waters. The company’s still beverages comprise nonalcoholic beverages without carbonation, including noncarbonated waters, flavored and enhanced waters, noncarbonated energy drinks, juices and juice drinks, ready-to-drink teas and coffees, and sports drinks. It also provides flavoring ingredients, sweeteners, beverage ingredients, and fountain syrups, as well as powders for purified water products. The Coca-Cola Company sells its products primarily under the Coca-Cola, Diet Coke/Coca-Cola Light, Coca-Cola Zero, Fanta, Sprite, Minute Maid, Georgia, Powerade, Del Valle, Schweppes, Aquarius, Minute Maid Pulpy, Dasani, Simply, Glacéau Vitaminwater, Bonaqua/Bonaqa, Gold Peak, FUZE TEA, Glacéau Smartwater, and Ice Dew brand names. The company offers its beverage products through a network of company-owned or controlled bottling and distribution operators, as well as through independent bottling partners, distributors, wholesalers, and retailers. The Coca-Cola Company was founded in 1886 and is headquartered in Atlanta, Georgia.

 

3 Notable Runners: Pinnacle Foods Inc. (PF), Graphic Packaging Holding Company (GPK), The Allstate Corporation (ALL)

Pinnacle Foods Inc. (PF) failed to extend gains with the stock declining -0.08% or $-0.04 to close the day at $51.81 on higher than average trading volume of 1.62M shares, compared to its three month average trading volume of 1.19M. The Parsippany New Jersey 07054 based company has been outperforming the food – major diversified companies by 19.327% for last three months and its recent gains have pushed the stock slightly up 24.23% YTD, versus the food – major diversified industry which is up 26.84% for the same period. The RSI of 69.1 indicates the stock is neither overvalued nor undervalued at the current levels, hold for now.

Pinnacle Foods Inc., through its subsidiaries, manufactures, markets, and distributes branded convenience food products in North America. It operates through three segments: Birds Eye Frozen, Duncan Hines Grocery, and Specialty Foods. The Birds Eye Frozen segment offers frozen vegetables, frozen complete bagged meals, frozen meat/poultry substitutes, frozen prepared seafood, frozen and refrigerated bagels, frozen pizza for one, full-calorie single-serve frozen dinners and entrées, and frozen pancakes/waffles/French toast under the Birds Eye, Birds Eye Voila!, Van de Kamp’s, gardein, Mrs. Paul’s, Lender’s, Celeste, Hungry-Man, and Aunt Jemima brand names. The Duncan Hines Grocery segment provides cake/brownie mixes and frostings, muffin and cookie mixes, shelf-stable pickles and salad dressings, table syrup, canned meat, pie/pastry fruit fillings, and barbecue sauces under the Duncan Hines, Vlasic, Wish-Bone, Western, Mrs. Butterworth’s, Log Cabin, Armour, Brooks, Nalley, Comstock, Wilderness, Bernstein’s, and Open Pit brand names. The Specialty Foods segment offers snack products under the Hawaiian kettle style chips, Tim’s Cascade, Snyder of Berlin, and Husman’s brand names; and is involved in food service and private label businesses. The company sells its products through supermarkets, grocery wholesalers and distributors, mass merchandisers, super centers, convenience stores, dollar stores, natural and organic food stores, drug stores, and warehouse clubs in the United States and Canada, as well as in military channels and foodservice locations. Pinnacle Foods Inc. is headquartered in Parsippany, New Jersey.

Graphic Packaging Holding Company (GPK) had a light trading with around 1.62M shares changing hands compared to its three month average trading volume of 3.08M. The stock traded between $14.48 and $14.63 before closing at the price of $14.6 with 0.14% change on the day. The Atlanta Georgia 30328 based company is currently trading 37.38% above its 52 week low of $10.71 and -0.41% below its 52 week high of $14.66. Both the RSI indicator and target price of 71.13 and $15.44 respectively, lead us to believe that it could drop over the coming weeks.

Graphic Packaging Holding Company, together with its subsidiaries, provides paper-based packaging solutions to food, beverage, and other consumer products companies. The company operates in three segments: Paperboard Mills, Americas Paperboard Packaging, and Europe Paperboard Packaging. The company offers coated unbleached kraft (CUK) and coated recycled board (CRB) to various paperboard packaging converters and brokers; and paperboard packaging folding cartons primarily to consumer packaged goods companies serving the food, beverage, and consumer product markets. It also manufactures corrugated medium and kraft paper; offers various laminated, coated, and printed packaging structures that are produced from its CUK and CRB, as well as other grades of paperboard that are purchased from third-party suppliers; designs and manufactures specialized packaging machines that package bottles and cans, and non-beverage consumer products; and installs its packaging machines at customer plants and provides support, service, and performance monitoring of the machines. The company markets its product primarily through sales offices and broker arrangements with third parties in the Americas, Europe, and the Asia Pacific. Graphic Packaging Holding Company was founded in 1992 and is headquartered in Atlanta, Georgia.

The Allstate Corporation (ALL) traded within a range of $68.94 to $69.48 after opening the day at $69.05. The company has seen its stock increase in value by 13.52% so far this year. The stock was up close to 0.19% on light volume in last trading session and closed at $69.44 per share. After the recent gain, the stock is currently holding -0.86% below its 52 week high of $70.38 and 25.8% above its 12-month low of $56.03. The shares are up by over 3.1% in the last three months, and the RSI indicator value of 57.94 is neither bullish nor bearish, tempting investors to stay on the sidelines.

The Allstate Corporation, together with its subsidiaries, engages in property-liability insurance and life insurance business in the United States and Canada. The company’s Allstate Protection segment sells private passenger auto, homeowners, and other property-liability insurance products under the Allstate, Esurance, and Encompass brand names. It also offers specialty auto products including motorcycle, trailer, motor home, and off-road vehicle insurance policies; other personal lines products including renter, condominium, landlord, boat, umbrella, and manufactured home insurance policies; commercial lines products for small business owners; roadside assistance products; service contracts; and other products sold in conjunction with auto lending and vehicle sales transactions. In addition, this segment sells its products through contact centers and Internet. The company’s Allstate Financial segment provides traditional, interest-sensitive, and variable life insurance; and voluntary accident and health insurance products; deferred and immediate fixed annuities; and funding agreements backing medium-term notes; and retirement and investment products, including mutual funds, fixed and variable annuities, disability insurance, and long-term care insurance. This segment markets its products through its agencies and financial specialists, and workplace enrolling independent agents. The Allstate Corporation was founded in 1931 and is headquartered in Northbrook, Illinois.

 

Earnings Alert: Pinnacle Foods Inc (NYSE:PF), Bridgford Foods Corporation (NASDAQ:BRID), Aoxin Tianli Group Inc (NASDAQ:ABAC)

Pinnacle Foods Inc (NYSE:PF) reported the plunge of -0.85% and closed at $50.24, with the total traded volume of 667,297.00 shares. During last trade its minimum price was $50.12 and it gained its highest price of $50.72 and has a total of 117.98 million outstanding shares.

Pinnacle Foods Inc (NYSE:PF) on August 19, 2016 announced plans to relocate EVOL manufacturing operations to an existing Pinnacle facility in Fayetteville, AR. The EVOL brand has outgrown its current manufacturing site in Boulder, CO, and the Fayetteville location has the necessary capacity to accommodate the business. Select products will continue to be produced at strategic contract manufacturers with specialized capabilities. Pinnacle anticipates the EVOL plant will close in the first quarter of 2017.

The approximately 85 affected employees at the EVOL facility will be encouraged to apply for open positions at other Pinnacle facilities, including at a nearby facility in Denver, CO. Pinnacle will provide pay continuation for a period of time for eligible employees, employee assistance support and will also connect employees with career support services. A minimum of 60 days’ notice prior to final closure of the plant will be provided to employees.

Pinnacle will be investing in the Fayetteville facility to upgrade existing manufacturing capabilities and expects to hire approximately 25 new full-time employees to support the added capacity. The state of Arkansas has committed support to Pinnacle in the form of grants and incentives in recognition of the economic benefit of Pinnacle’s expansion in Fayetteville.

Bridgford Foods Corporation (NASDAQ:BRID) reported the decline of -5.19%, after closing price for the day was $15.71. Its total trading volume for the day was 575.00 shares, versus its average volume of 3,010.00 shares. Its earnings per share are $1.78.

Bridgford Foods Corporation (NASDAQ:BRID), together with its subsidiaries, manufactures, markets, and distributes frozen and snack food products in the United States. The company’s food products primarily include biscuits, bread dough items, roll dough items, dry sausage products, and beef jerky. It offers approximately 160 frozen food products to retail outlets, restaurants, and institutions through wholesalers, cooperatives, and distributors; and approximately 90 snack food items to supermarkets, and mass merchandise and convenience retail stores through customer owned distribution centers, as well as a direct store delivery network. The company was founded in 1932 and is based in Anaheim, California.

Aoxin Tianli Group Inc (NASDAQ:ABAC) showing jumped of +7.53% and closed at $0.807, after gaining total volume of 162,895.00 shares. Its earnings per share (EPS) is $0.14 and its beta value stands at 2.74 points and has total market capitalization of $23.86 million and a total of 31.95 million outstanding shares.

Aoxin Tianli Group Inc (NASDAQ:ABAC) on August 22, 2016 announced that it had signed a sales agreement (the “Agreement”) with Shangzhi Xiaop (Dalian) E-Commerce Co., Ltd. (“Xiaop”) to sell the Company’s Tianli-Xiduhei™ black hog pork products through Xiaop’s group-buying web portal www.ixiaop.com (the “Ixiaop.com”). The Agreement has a one year term, effective as of August 19, 2016, and can be automatically extended for successive one-year periods.

Mr. Wocheng Liu, Chairman and Co-Chief Executive Officer of Aoxin Tianli commented, “With the increasing popularity of online shopping, especially group buying in China, we believe that Ixiaop.com could potentially open up tremendous opportunities for our retail business. As an emerging online group buying site in China, Ixiaop.com is the sister site of www.popular.com.tw, a top-3 ranked online group buying site in Taiwan. Our branded specialty black hog pork products are now available for sale at http://www.ixiaop.com/.”

Stock to Watch: Aoxin Tianli (NASDAQ:ABAC), Tofutti Brands (NYSEMKT:TOF), Pinnacle Foods (NYSE:PF)

Tofutti Brands Inc. (NYSEMKT:TOF) reported the surge of +1.94% and closed at $2.68, with the total traded volume of 4,761.00 shares. During last trade its minimum price was $2.63 and it gained its highest price of $2.69 and has a total of 5.15 million outstanding shares.

Tofutti Brands Inc. (NYSEMKT:TOF) on August 16, 2016 announced its results for the thirteen and twenty-six week periods ended July 2, 2016.

Tofutti Brands reported net sales for the thirteen weeks ended July 2, 2016 of $3,554,000, a decrease of $70,000, or 2%, compared to net sales of $3,624,000 for the thirteen weeks ended June 27, 2015. The Company’s gross profit and gross profit percentage for the thirteen week period ending July 2, 2016 were approximately $1,184,000 and 33%, respectively, compared to $1,076,000 and 30%, respectively, for the period ending June 27, 2015. The increase in the gross profit and gross profit percentage in the 2016 thirteen week period was due primarily to the reduction in sales allowance expense. The Company had net income of $194,000, or $0.04 per share (basic and diluted), for the thirteen weeks ended July 2, 2016, compared to a net loss of $24,000, or $0 per share (basic and diluted), for the thirteen weeks ended June 27, 2015.

Net sales for the twenty-six week period ended July 2, 2016  were $7,296,000, an increase of $529,000, or 8%, compared to net sales of $6,767,000 for the twenty-six week period ended June 27, 2015. The Company’s gross profit and gross profit percentage for the twenty-six week period ending July 2, 2016 were  $2,423,000 and 33%, respectively, compared to $1,822,000 and 27%, respectively, for the period ending June 27, 2015.  The increase in the Company’s gross profit and gross profit percentage was due primarily to the increase in sales and the decrease in the Company’s promotional allowance programs in the twenty-six weeks ended July 2, 2016. The Company’s net income for the twenty-six weeks ended July 2, 2016 was $324,000, or $0.06 per share (basic and diluted), compared to a net loss of $401,000, or ($0.08) per share (basic and diluted), for the twenty-six weeks ended June 27, 2015.

Pinnacle Foods Inc (NYSE:PF) reported the decline of -0.55%, after closing price for the day was $50.67. Its total trading volume for the day was 870,876.00 shares, versus its average volume of 1.25 million shares. Its earnings per share are $1.68.

Pinnacle Foods Inc (NYSE:PF) on August 16, 2016 announced that its Board of Directors has approved an increase of approximately 12% in the Company’s quarterly cash dividend, from $0.255 per share to $0.285 per share, effective with the Company’s upcoming third quarter 2016 dividend. The upcoming dividend is payable on October 10, 2016 to shareholders of record at the close of business on August 30, 2016. On an annualized basis, the new dividend increases to $1.14 per share, from the previous annualized rate of $1.02 per share.

Aoxin Tianli Group Inc (NASDAQ:ABAC) showing dropped of -7.41% and closed at $0.750, after gaining total volume of 90,796.00 shares. Its earnings per share (EPS) is $0.14 and its beta value stands at 2.74 points and has total market capitalization of $24.59 million and a total of 31.95 million outstanding shares.

Aoxin Tianli Group Inc (NASDAQ:ABAC) primarily engages in hog farming business in the People’s Republic of China. It operates through two segments, Hog Farming and Retail. The Hog Farming segment offers black market hogs, black breeder hogs, and processed black pork products primarily to hog brokers, hog farmers, and slaughterhouses. The Retail segment sells specialty processed black hog products under the Xiduhei name through supermarkets, restaurants, hotels, and other retailers, as well as through the Internet. The company was formerly known as Tianli Agritech, Inc. and changed its name to Aoxin Tianli Group, Inc. in July 2014. Aoxin Tianli Group, Inc. was incorporated in 2009 and is headquartered in Wuhan, the People’s Republic of China.

Investor’s Watch List: Aoxin Tianli Group Inc (NASDAQ:ABAC), SYSCO Corporation (NYSE:SYY), Pinnacle Foods Inc (NYSE:PF)

Aoxin Tianli Group Inc (NASDAQ:ABAC) reported the surge of +10.66% and closed at $0.810, with the total traded volume of 114,014.00 shares. During last trade its minimum price was $0.79 and it gained its highest price of $0.89 and has a total of 31.95 million outstanding shares.

Aoxin Tianli Group Inc (NASDAQ:ABAC) on August 12, 2016 announced its financial results for the second quarter ended June 30, 2016.

Revenues for the second quarter of 2016 decreased by $0.24 million, or 2.4%, to $9.61 million from $9.85 million for the same period of last year. The decrease in revenues reflected a reduction in the number of regular hogs sold as a result of the sale of two hog farms during the third quarter of 2015 and was partially offset by an increase in the blended average selling price per hog.

Revenues from hog farming, which includes sales of regular breeder hogs, regular market hogs, and black hogs, decreased by $0.32 million, or 3.3%, to $9.23 million for the second quarter of 2016 from $9.55 million for the same period of last year. The Company sold a total of 33,834 regular breeder hogs, regular market hogs and black hogs with a blended average selling price of $273 per hog during the second quarter of 2016, compared to 40,970 hogs sold and a blended average selling price of $233 per hog for the same period of last year.

Revenues for the second quarter of 2016 from regular breeder hog sales decreased by 46.7% to $1.04 million with the number of regular breeder hogs sold decreasing by 43.0% to 4,096 hogs and the average selling price of regular breeder hogs decreasing by 6.6% to $253 per hog. Revenues for the second quarter of 2016 from regular market hog sales decreased by 10.2% to $3.83 million as the number of regular market hogs sold decreased by 22.7% to 15,960 hogs while the average selling price of regular market hogs increased by 16.5% to $240 per hog. Revenues for the second quarter of 2016 from black market hogs increased by 30.8% to $4.37 million with the number of black hogs sold increasing by 5.0% to 13,778 hogs and the average selling price of black hogs increasing by 24.8% to $317 per hog.

SYSCO Corporation (NYSE:SYY) reported the decline of -0.28%, after closing price for the day was $52.77. Its total trading volume for the day was 2.72 million shares, versus its average volume of 3.10 million shares. Its earnings per share are $1.64.

SYSCO Corporation (NYSE:SYY) on August 15, 2016 announced financial results for its 14-week fourth fiscal quarter and 53-week fiscal year 2016 ended July 2, 2016. In fiscal 2015, the fourth quarter included 13 weeks and the year included 52 weeks.

Fourth Quarter Fiscal 2016 Highlights

  • Sales increased 10.0% to $13.6 billion; on a comparable 13-week basis, sales increased 2.2%
  • Gross profit increased 12.7% to $2.5 billion; gross margin increased 44 basis points to 18.3%; on a comparable 13-week basis, gross profit increased 4.7%
  • Operating income increased 351.9% to $547 million; adjusted operating income increased 23.4% to $628 million; on a comparable 13-week basis, adjusted operating income increased 14.6%
  • Earnings Per Share (EPS) increased $0.26 to $0.38; adjusted EPS increased $0.12 to $0.64; on a comparable 13-week basis, adjusted EPS increased $0.08 to $0.60

Fiscal 2016 Highlights

  • Sales increased 3.5% to $50.4 billion; on a comparable 52-week basis, sales increased 1.5%
  • Gross profit increased 5.7% to $9.0 billion; gross margin increased 38 basis points to 17.9%; on a comparable 52-week basis, gross profit increased 3.6%
  • Operating income increased 50.5% to $1.9 billion; adjusted operating income increased 12.1% to $2.0 billion; on a comparable 52-week basis, adjusted operating income increased 9.6%
  • EPS increased $0.49 to $1.64; adjusted EPS increased $0.26 to $2.10; on a comparable 52-week basis, adjusted EPS increased $0.22 to $2.06

Pinnacle Foods Inc (NYSE:PF) showing jumped of +0.06% and closed at $50.95, after gaining total volume of 1.04 million shares. Its earnings per share (EPS) is $1.68 and its beta value stands at 0.34 points and has total market capitalization of $6.05 billion and a total of 117.98 million outstanding shares.

Pinnacle Foods Inc (NYSE:PF) on August 19, 2016 announced plans to relocate EVOL manufacturing operations to an existing Pinnacle facility in Fayetteville, AR. The EVOL brand has outgrown its current manufacturing site in Boulder, CO, and the Fayetteville location has the necessary capacity to accommodate the business. Select products will continue to be produced at strategic contract manufacturers with specialized capabilities. Pinnacle anticipates the EVOL plant will close in the first quarter of 2017.

“While it’s never an easy decision to close a manufacturing plant, this action will ensure the long-term success of the EVOL brand,” said Mike Wittman, Pinnacle Foods Executive Vice President and Chief Supply Chain Officer. “We are thankful to the employees at the EVOL plant and value the many contributions they have made to the business.”

 

Investor’s Watch List: Lancaster Colony Corp. (NASDAQ:LANC), Pinnacle Foods Inc (NYSE:PF), Aoxin Tianli Group Inc (NASDAQ:ABAC)

Lancaster Colony Corp. (NASDAQ:LANC) reported the surge of +0.51% and closed at $133.81, with the total traded volume of 102,259.00 shares. During last trade its minimum price was $132.27 and it gained its highest price of $134.29 and has a total of 27.42 million outstanding shares.

Lancaster Colony Corp. (NASDAQ:LANC) on August 18, 2016 reported results for the fourth quarter and fiscal year ended June 30, 2016.

Fourth Quarter Results

  • Net sales increased 2.4% to $284.5 million versus $277.7 million last year led by sales growth in the retail channel, including continued strength in Olive Garden® retail dressings and improved demand for Sister Schubert’s® frozen dinner rolls. Sales in the foodservice channel were flat as influenced by our business rationalization efforts within that channel and reduced contributions from national chain restaurant limited-time-offer programs versus the prior year. Pricing was a modest positive influence on net sales for the quarter, more so for retail than foodservice.
  • Operating income increased $7.8 million to $46.6 million on higher sales volumes and pricing; continued favorable input costs, particularly eggs, soybean oil, flour and packaging; and lower freight costs. In support of recent retail product introductions, product placement costs were higher compared to last year’s fourth quarter.
  • Net income totaled a fourth quarter record $30.6 million, or $1.12 per diluted share compared to $25.6 million or $.93 per diluted share last year.

Fiscal Year Results

  • Net sales increased 7.8% to a record $1,191 million versus $1,105 million last year. Excluding sales contributed by the Flatout® flatbread business that was acquired on March 13, 2015, comparative net sales increased 5.3% for the year. In addition to volume growth, sales benefited from pricing actions taken early in the fiscal year in response to higher egg costs that resulted from the U.S. avian influenza outbreak.
  • Operating income increased $29.7 million to a record $184.6 million as operating margins grew nearly 150 basis points, most notably due to the higher sales, reduced input costs in the second half of the fiscal year and lower freight costs.
  • Net income grew to $121.8 million compared to $101.7 million a year ago while earnings per diluted share increased 19.4% to $4.44 versus $3.72 last year.
  • The regular quarterly cash dividend was increased for the 53rd consecutive year. A $5 per share special dividend was also paid this past December. The special and regular cash dividends combined to total over $190 million returned to our shareholders in fiscal 2016.
  • The company’s balance sheet remained strong, with no debt outstanding and over $118 million in cash and equivalents as of June 30, 2016.

Pinnacle Foods Inc (NYSE:PF) reported the surge of +0.55%, after closing price for the day was $50.92. Its total trading volume for the day was 1.03 million shares, versus its average volume of 1.28 million shares. Its earnings per share are $1.68.

Pinnacle Foods Inc (NYSE:PF) on August 19, 2016 announced plans to relocate EVOL manufacturing operations to an existing Pinnacle facility in Fayetteville, AR. The EVOL brand has outgrown its current manufacturing site in Boulder, CO, and the Fayetteville location has the necessary capacity to accommodate the business. Select products will continue to be produced at strategic contract manufacturers with specialized capabilities. Pinnacle anticipates the EVOL plant will close in the first quarter of 2017.

The approximately 85 affected employees at the EVOL facility will be encouraged to apply for open positions at other Pinnacle facilities, including at a nearby facility in Denver, CO. Pinnacle will provide pay continuation for a period of time for eligible employees, employee assistance support and will also connect employees with career support services. A minimum of 60 days’ notice prior to final closure of the plant will be provided to employees.

Pinnacle will be investing in the Fayetteville facility to upgrade existing manufacturing capabilities and expects to hire approximately 25 new full-time employees to support the added capacity. The state of Arkansas has committed support to Pinnacle in the form of grants and incentives in recognition of the economic benefit of Pinnacle’s expansion in Fayetteville.

Aoxin Tianli Group Inc (NASDAQ:ABAC) showing jumped of +1.63% and closed at $0.789, after gaining total volume of 13,694.00 shares. Its earnings per share (EPS) is $0.14 and its beta value stands at 2.74 points and has total market capitalization of $25.82 million and a total of 31.95 million outstanding shares.

Aoxin Tianli Group Inc (NASDAQ:ABAC) primarily engages in hog farming business in the People’s Republic of China. It operates through two segments, Hog Farming and Retail. The Hog Farming segment offers black market hogs, black breeder hogs, and processed black pork products primarily to hog brokers, hog farmers, and slaughterhouses. The Retail segment sells specialty processed black hog products under the Xiduhei name through supermarkets, restaurants, hotels, and other retailers, as well as through the Internet. The company was formerly known as Tianli Agritech, Inc. and changed its name to Aoxin Tianli Group, Inc. in July 2014. Aoxin Tianli Group, Inc. was incorporated in 2009 and is headquartered in Wuhan, the People’s Republic of China.

Noteworthy Stocks to Watch for: Bloomin’ Brands Inc (NASDAQ:BLMN), Pinnacle Foods Inc (NYSE:PF), Mead Johnson Nutrition CO (NYSE:MJN)

Bloomin’ Brands Inc (NASDAQ:BLMN) increased +0.05% during last trading as the stock added $0.01 to finish the day at $19.32 with about 961,622.00 shares changing hands, compared to its three month average trading volume of 1.14M. The $2.16B market cap company, which fluctuated between $19.26 and $19.51 during the day, currently situated 31.10% above its 52 week low of $14.74 and -9.67% away from its one year high of $21.39. The RSI of 63.57 indicates the stock is overbought at the current levels, sell for now. Bloomin’ Brands, Inc. (Bloomin’ Brands) is a holding company engaged in operating casual dining restaurants. The Company has a portfolio of four restaurant concepts: Outback Steakhouse, Carrabba’s Italian Grill, Bonefish Grill and Fleming’s Prime Steakhouse & Wine Bar.

Pinnacle Foods Inc (NYSE:PF) gained $0.21 to close the day at a new closing price of $50.64, a 0.42% increase in value from its previous closing price that moved the stock 35.36% above its 52 week low of $37.41. A total of 955,698.00 shares exchanged hands during the day compared with its three month average trading volume of 1.28M. The stock, which fluctuated between $50.31 and $50.72 during the day, currently situated -1.54% below its 52 week high. The stock is up by 4.76% in the past one month and up by 21.82% over the past three months. With a one year target estimate of $53.71 and RSI of 68.38, the stock still has upside potential, making it a hold for now. Pinnacle Foods Inc. is a manufacturer, marketer and distributor of branded food products in North America. The Company operates through three segments: the Birds Eye Frozen segment, the Duncan Hines Grocery segment and the Specialty Foods segment.

Mead Johnson Nutrition CO (NYSE:MJN) had a light trading with around 959,581.00 shares changing hands compared to its three month average trading volume of 1.25M. The stock traded between $85.62 and $86.13 before closing at the price of $85.90 with 0.02% change on the day. The company is currently trading 32.46% above its 52 week low of $64.85 and -9.00% below its 52 week high of $94.40. Both the RSI indicator and target price of 36.85 and $95.60 respectively, lead us to believe that it could drop over the coming weeks. Mead Johnson Nutrition Company (Mead Johnson) is a pediatric nutrition company. The Company manufactures, distributes and sells infant formulas, children’s nutrition and other nutritional products.

Momentum Stocks in Focus: Target Corp. (TGT) Twilio, Inc. (TWLO) Pinnacle Foods Inc. (PF)

Target Corp. (TGT) continued its downward trend with the stock declining -0.61% or $-0.46 to close the day at $74.79 on light trading volume of 4.17M shares, compared to its three month average trading volume of 6.46M. The Minneapolis Minnesota 55403 based company has been underperforming the discount, variety stores group over the past 52 weeks, with the stock losing -5.76%, compared to the industry which has advanced 7.28% over the same period. With RSI of 64.34, the stock should still continue to rise and get closer to its one year target estimate of $77.06, making it a hold for now.

Target Corporation operates as a general merchandise retailer. It offers household essentials, including pharmacy, beauty, personal care, baby care, cleaning, and paper products; music, movies, books, computer software, sporting goods, and toys, as well as electronics, such as video game hardware and software; and apparel for women, men, boys, girls, toddlers, infants, and newborns, as well as intimate apparel, jewelry, accessories, and shoes. The company also provides food and pet supplies comprising dry grocery, dairy, frozen food, beverages, candy, snacks, deli, bakery, meat, produce, and pet supplies; and home furnishings and décor, including furniture, lighting, kitchenware, small appliances, home décor, bed and bath, home improvement, and automotive products, as well as seasonal merchandise, such as patio furniture and holiday décor. In addition, it offers in-store amenities, including Target Café, Target Photo, Target Optical, Portrait Studio, Starbucks, and other food service offerings. Target Corporation sells products through its stores; and digital channels, including Target.com. As of January 30, 2016, the company operated 1,792 stores in the United States. Target Corporation was founded in 1902 and is headquartered in Minneapolis, Minnesota.

Twilio, Inc. (TWLO) retreated with the stock falling -0.87% or $-0.37 to close at $42.17 on light trading volume of 4.15M compared its three months average trading volume of 6.21M. The San Francisco California 94107 based company has been trending down for the last 52 weeks, with the shares price now 0% down for the period and up by 46.47% so far this year. With price target of $36.5 and a 78.23% rebound from 52-week low, Twilio, Inc. has plenty of upside potential, making it a hold with a view buy.

Twilio Inc. provides cloud communications platform that enables developers to build, scale, and operate communications within software applications through the cloud as a pay-as-you-go service in the United States and internationally. It offers programmable communications cloud software that enables developers to embed voice, messaging, video, and authentication capabilities into their applications through application programming interfaces. The company also provides use case products, such as a two-factor authentication solution. Twilio Inc. was founded in 2008 and is headquartered San Francisco, California.

Pinnacle Foods Inc. (PF) managed to rebound with the stock climbing 2.65% or $1.26 to close the day at $48.82 on higher than average trading volume of 4.15M shares, compared to its three month average trading volume of 1.14M. The Parsippany New Jersey 07054 based company has been outperforming the food – major diversified companies by 13.7317% for last three months and its recent gains have pushed the stock slightly up 16.4% YTD, versus the food – major diversified industry which is up 21.38% for the same period. The RSI of 64.87 indicates the stock is neither overvalued nor undervalued at the current levels, hold for now.

Pinnacle Foods Inc., through its subsidiaries, manufactures, markets, and distributes branded convenience food products in North America. It operates through three segments: Birds Eye Frozen, Duncan Hines Grocery, and Specialty Foods. The Birds Eye Frozen segment offers frozen vegetables, frozen complete bagged meals, frozen meat/poultry substitutes, frozen prepared seafood, frozen and refrigerated bagels, frozen pizza for one, full-calorie single-serve frozen dinners and entrées, and frozen pancakes/waffles/French toast under the Birds Eye, Birds Eye Voila!, Van de Kamp’s, gardein, Mrs. Paul’s, Lender’s, Celeste, Hungry-Man, and Aunt Jemima brand names. The Duncan Hines Grocery segment provides cake/brownie mixes and frostings, muffin and cookie mixes, shelf-stable pickles and salad dressings, table syrup, canned meat, pie/pastry fruit fillings, and barbecue sauces under the Duncan Hines, Vlasic, Wish-Bone, Western, Mrs. Butterworth’s, Log Cabin, Armour, Brooks, Nalley, Comstock, Wilderness, Bernstein’s, and Open Pit brand names. The Specialty Foods segment offers snack products under the Hawaiian kettle style chips, Tim’s Cascade, Snyder of Berlin, and Husman’s brand names; and is involved in food service and private label businesses. The company sells its products through supermarkets, grocery wholesalers and distributors, mass merchandisers, super centers, convenience stores, dollar stores, natural and organic food stores, drug stores, and warehouse clubs in the United States and Canada, as well as in military channels and foodservice locations. Pinnacle Foods Inc. is headquartered in Parsippany, New Jersey.