Cal-Maine Foods (NASDAQ: CALM ) , the largest producer and distributor of fresh eggs in the U.S., reached an agreement in principle to settle all direct purchaser class claims against it, the company announced today. The allegations against Cal-Maine were that it -- along with other large egg producers -- conspired to reduce the egg supply so as to raise egg prices.
The company will settle those direct purchaser class claims with one payment of $28 million, subject to formal documentation and approval by the court after all class members have been notified. The case is the In re Processed Egg Products Antitrust litigation pending in Pennsylvania federal court. The non-class direct purchaser plaintiffs may choose to participate in the settlement or pursue their individual claims.
The company said it will continue to defend itself in the remaining cases.
"We remain confident that our conduct has at all times been lawful, appropriate, and fair to our customers," said Dolph Baker, chairman and CEO of Cal-Maine.
Top 10 Cheapest Stocks To Buy For 2015: General Mills Inc (GIS)
General Mills, Inc. (General Mills), incorporated on June 20, 1928, is a manufacturer and marketer of branded consumer foods sold through retail stores. The Company is also a supplier of branded and unbranded food products to the foodservice and commercial baking industries. The Company manufactures its products in 15 countries and markets them in more than 100 countries. The Company's joint ventures manufacture and market products in more than 130 countries and republics worldwide. General Mills operates in three segments: U.S. Retail, International, and Bakeries and Foodservice. In addition, the Company sells ready-to-eat cereals through its Cereal Partners Worldwide (CPW) joint venture. In February 2012, General Mills acquired Food Should Taste Good, a natural snack foods company based in Needham Heights, Mass. During the fiscal year ended May 27, 2012, the Company acquired a 51% interest in Yoplait S.A.S. and a 50% interest in Yoplait Marques S.A.S. In August 2012, it acquired Yoki Alimentos SA.
General Mills�� ready-to-eat cereals consists of Cheerios, Wheaties, Lucky Charms, Total, Trix, Golden Grahams, Chex, Kix, Fiber One, Reese�� Puffs, Cocoa Puffs, Cookie Crisp, Cinnamon Toast Crunch, Clusters, Oatmeal Crisp and Basic 4. Its refrigerated yogurt include Yoplait, Trix, Delights, Go-GURT, Fiber One, YoPlus, Whips!, Mountain High, Liberte, YOP, Perle de Lait, Petits Filous and Panier. The Company�� refrigerated and frozen dough products consists of Pillsbury, the Pillsbury Doughboy character, Grands!, Golden Layers, Big Deluxe, Toaster Strudel, Toaster Scrambles, Simply, Savorings, Jus-Rol, Latina, Pasta Master, Wanchai Ferry, V.Pearl and La Saltena. The dry dinners and shelf stable and frozen vegetable products includes Betty Crocker, Hamburger Helper, Tuna Helper, Chicken Helper, Old El Paso, Green Giant, Potato Buds, Suddenly Salad, Bac*O��, Betty Crocker Complete Meals, Valley Selections, Simply Steam, Valley Fresh Steamers, Wanchai Ferry, Diablitos and Parampara. Its gr! ain, fruit, and savory snacks consists of Nature Valley, Fiber One, Betty Crocker, Fruit Roll-Ups, Fruit By The Foot, Gushers, Chex Mix, Gardetto��, Bugles, Food Should Taste Good and Larabar. The sessert and baking mixes includes Betty Crocker, SuperMoist, Warm Delights, Bisquick and Gold Medal. Ready-to-serve soup consists of Progresso. The Company�� ice cream and frozen desserts include Haagen-Dazs, Secret Sensations, Cream Crisp and Dolce. Its frozen pizza and pizza snacks includes Totino��, Jeno��, Pizza Rolls, Party Pizza, Pillsbury Pizza Pops and Pillsbury Pizza Minis. General Mills�� organic products include Cascadian Farm and Muir Glen.
The Company�� products are marketed under trademarks and service marks that are owned by or licensed to the Company. Some of the brand names include Dora the Explorer, Disney Cars, and Disney Princesses for yogurt, and Dora the Explorer for cereal; Reese's Puffs for cereal; Hershey's chocolate for a variety of products; Weight Watchers as an endorsement for soup and frozen vegetable products; Macaroni Grill for dry and frozen dinners; Sunkist for baking products and fruit snacks; Cinnabon for refrigerated dough, frozen pastries, and baking products; Bailey's for super-premium ice cream, and a range of characters and brands for fruit snacks, including Scooby Doo, Batman, Tom and Jerry, Ocean Spray, Thomas the Tank Engine, My Little Pony, Transformers, and various Warner Bros. and Nickelodeon characters. Its primary customers include grocery stores, mass merchandisers, membership stores, natural food chains, drug, dollar and discount chains, commercial and noncommercial foodservice distributors and operators, restaurants, and convenience stores.
U.S. Retail segment
The Company�� U.S. Retail segment reflects business with a range of grocery stores, mass merchandisers, membership stores, natural food chains, and drug, dollar and discount chains operating throughout the United States. Its product categories in thi! s busines! s segment include ready-to-eat cereals, refrigerated yogurt, ready-to-serve soup, dry dinners, shelf stable and frozen vegetables, refrigerated and frozen dough products, dessert and baking mixes, frozen pizza and pizza snacks, grain, fruit and savory snacks, and a range of organic products, including granola bars, cereal and soup.
International segment
The Company�� International segment consists of retail and foodservice businesses outside of the United States. In Canada, its product categories include ready-to-eat cereals, shelf stable and frozen vegetables, dry dinners, refrigerated and frozen dough products, dessert and baking mixes, frozen pizza snacks, refrigerated yogurt, and grain and fruit snacks. In markets outside North America, its product categories include super-premium ice cream and frozen desserts, refrigerated yogurt, grain snacks, shelf stable and frozen vegetables, refrigerated and frozen dough products, and dry dinners. Its International segment also includes products manufactured in the United States for export, mainly to Caribbean and Latin American markets, as well as products it manufactures for sale to its international joint ventures.
Bakeries and Foodservice segment
In Company�� Bakeries and Foodservice segment its product categories include cereals, snacks, refrigerated yogurt, unbaked and fully baked frozen dough products, baking mixes, and flour. It sells to distributors and operators in many customer channels, including foodservice, convenience stores, vending and supermarket bakeries.
Advisors' Opinion:- [By Dividends4Life]
Linked here is a detailed quantitative analysis of General Mills Inc. (GIS). Below are some highlights from the above linked analysis:
Company Description: General Mills Inc. is a major producer of packaged consumer food products, including cereal, yogurt and Betty Crocker desserts/baking mixes.
- [By Dividends4Life]
Fair Value: In calculating fair value, I consider the NPV MMA Differential Fair Value along with these four calculations of fair value, see page 2 of the linked PDF for a detailed description: 1. Avg. High Yield Price 2. 20-Year DCF Price 3. Avg. P/E Price 4. Graham Number K is trading at a discount to only 3.) above. Since K's tangible book value is not meaningful, a Graham number can not be calculated. The stock is trading at a 130.9% premium to its calculated fair value of $28.13. K did not earn any Stars in this section.Dividend Analytical Data: In this section there are three possible Stars and three key metrics, see page 2 of the linked PDF for a detailed description: 1. Free Cash Flow Payout 2. Debt To Total Capital 3. Key Metrics 4. Dividend Growth Rate 5. Years of Div. Growth 6. Rolling 4-yr Div. > 15% K earned no Stars in this section. The company has paid a cash dividend to shareholders every year since 1923 and has increased its dividend payments for 10 consecutive years.Dividend Income vs. MMA: Why would you assume the equity risk and invest in a dividend stock if you could earn a better return in a much less risky money market account (MMA) or Treasury bond? This section compares the earning ability of this stock with a high yield MMA. Two items are considered in this section, see page 2 of the linked PDF for a detailed description: 1. NPV MMA Diff. 2. Years to > MMA The NPV MMA Diff. of the $37 is below the $2,500 target I look for in a stock that has increased dividends as long as K has. If K grows its dividend at 2.2% per year, it will take 8 years to equal a MMA yielding an estimated 20-year average rate of 3.31%.Memberships and Peers: K is a member of the S&P 500. The company�� peer group includes: Campbell Soup Company (CPB) with a 2.7% yield, General Mills, Inc. (GIS) with a 3.0% yield, and The Hershey Company (HSY) with a 1.9% yield.Conclusion: K did not earn any Stars in the Fair Value section, did not earn any Stars in the Divi
- [By Michael Flannelly]
Before the opening bell on Wednesday, packaged foods manufacturer General Mills, Inc. (GIS) reported that its first quarter profit declined 16% year-over-year, despite an 8% rise in quarterly sales. However, earnings were able to meet Wall Street analysts’ expectations, while sales topped views.
The Minneapolis, Minnesota-based company posted a first quarter net income of $459.3 million, or 70 cents per share, down from the $548.9 million, or 82 cents per share, earned in the same period a year ago. According to analysts polled by Thomson Reuters, the company was expected to earn 70 cents per share in the most recent quarter.
General Mills’ first quarter revenues rose to $4.37 billion, up 8% from the $4.05 billion in sales posted in the first quarter last year. On average, analysts were expecting the company to see $4.29 billion in revenues in the quarter.
Chairman and Chief Executive Officer Ken Powell said this performance represented a solid start to the new fiscal year. “In particular, our net sales growth in the quarter reflects a healthy mix of gains from established brands, strong introductory shipments for new products, and contributions from new businesses added to our portfolio. These first-quarter results have us on track to achieve the key financial targets we’ve set for fiscal 2014.”
The company said that sales from new businesses and products contributed 5 percentage points to General Mills’ 8% total sales growth.
Looking forward, the company reaffirmed its fiscal 2014 guidance. General Mills expects revenues to grow in the low single-digits for the year, operating profits to grow in the mid single-digits, and adjusted earnings per share to come in between $2.87 and $2.90. Wall Street analysts expect the company to earn $2.92 per share in fiscal 2014.
General Mills shares were up 32 cents, or 0.64%, during pre-market trading on Wednesday. The stock is up 23.16% year-to-dat
5 Best Food Stocks To Buy For 2014: Sprouts Farmers Market Inc (SFM)
Sprouts Farmers Market, Inc. (Sprouts), incorporated on January 27, 2011, is a specialty retailer of natural and organic food focusing on health and wellness. The Company offers fresh produce, bulk foods, vitamins and supplements, grocery, meat and seafood, bakery, dairy, frozen foods, body care and natural household items. The Company�� product offerings focus on fresh, natural and organic foods. Natural foods can be defined as foods that are minimally processed and are free of synthetic preservatives, artificial sweeteners, colors, flavors and other additives, growth hormones, antibiotics, hydrogenated oils, stabilizers and emulsifiers. The Company categorize the over 7,000 range of products, it sells as perishable and non-perishable. Perishable product categories include produce, meat, seafood, deli and bakery. Non-perishable product categories include grocery, vitamins and supplements, bulk items, dairy and dairy alternatives, frozen foods, beer and wine, and natural health and body care.
The cornerstones of the Company�� business are fresh, natural and organic products. As of July 19, 2013, the Company opened 87 new stores while rebranding 43 Henry�� and 39 Sunflower stores to the Sprouts banner. The Company�� stores include Produce, Bulk Items, Vitamins and Supplements, Grocery, Meat, Seafood, Deli, Bakery, Dairy and Dairy Alternatives, Frozen Foods, Beer and Wine and Natural Health and Body Care.The Company offer its customers a farmers market open-feel environment consisting of an abundant and affordable offering of fresh fruits, vegetables and herbs, focused on appearance, flavor and value. The Company�� stores include a crafted selection of more than 450 ranges of scoopable nuts, fruits, trail mixes, grains, beans, cereals, coffee, tea, spices, candy and snacks featured in the center of the store. The Company�� stores feature more than 4,200 vitamins, supplements, natural remedies, functional food, lifestyle support, and herbal supplements. This department includes ! an extensive private label offering.
The Company�� grocery offering focuses on healthy options. The Company carries approximately 4,200 natural and organic products in its grocery aisles, including meal components, natural sodas and other beverages, snacks and bars, baking goods, baby, pet and household items such as detergent and paper towels, and earth-friendly mercantile items. The Company�� Olde Tyme Butcher Shops combine sourcing through its trusted supplier network, product variety and old-fashioned customer service. The Company offers a range of seafood favorites delivered up to six days a week. The Conpany feature a range of fresh deli specialties, including sliced deli meat, salads, dips, entrees, side dishes, fresh made to order sandwiches at value prices and an abundant selection of over 200 varieties of cheeses from around the world.
The Company��bakery offering includes artisan bread alongside a wide assortment of sandwich breads, rolls, tortillas, pitas, muffins, cookies and pies as well as sugar free, gluten free and low carbohydrate products. The Company�� dairy department features a selection of organic, natural and regionally sourced milk, yogurt (including Greek, Australian, organic, and soy-based), butter and eggs, as well as a full selection of vegan and vegetarian alternative dairy products. The Company�� freezer cases feature traditional and ethnic natural and organic entrees and side dishes, along with frozen vegetables, desserts and specialty items, such as gluten-free breads and non-dairy ice creams. The Company offers approximately 2,400 natural, cruelty-free health and beauty products, old-fashioned remedies and modern body care innovations, including facial care products and make up, skin, hair, dental, baby care and grooming products.
Advisors' Opinion:- [By Ben Rooney]
Sprouts Farmers Market (SFM), which went public last year, has built its brand around health foods that cost less. Even big discount chains like Walmart (WMT, Fortune 500) and Target (TGT, Fortune 500) have been moving into the market for fresh produce and healthy packaged food.
- [By David Zeiler]
Sprouts Farmers Market Inc. (Nasdaq: SFM), which went public Aug. 1, popped 122.8%.
Fast-casual sandwich chain Potbelly Corp. (Nasdaq: PBPB), which had its IPO Oct. 4, shot up 119%. And Noodles & Co. (Nasdaq: NDLS) soared 102% on its first day of trading June 28. - [By Teresa Rivas]
Sprouts Farmers Market (SFM) more than doubled in its trading debut today, jumping to $36.52.
The organic grocery chain’s initial public offering price was $18, ahead of the $14 to $16 range it had expected, and raised about $333 million.
Goldman Sachs, Credit Suisse, and Bank of America Merrill Lynch were the lead underwriters of the deal.
The company operates 163 stores, primarily in the southwestern U.S. Sales surged 113% year-over-year in fiscal 2011 and then 62% last year to $1.79 billion, according to Briefing.com.
Larger rival Whole Foods Market (WFM) was inching down in recent trading; the company reported fiscal third-quarter earnings after the bell Wednesday.
- [By John Udovich]
Large cap natural and organic foods supermarket giant Whole Foods Market, Inc (NASDAQ: WFM), otherwise known as ��hole Wallet��r ��hole Paycheck,��is not the only player in the natural or organics supermarket space for consumers and investors alike as mid cap Sprouts Farmers Market Inc (NASDAQ: SFM) and small caps Fairway Group Holdings Corp (NASDAQ: FWM) and Natural Grocers by Vitamin Cottage Inc (NYSE: NGVC) are also players in the space. It should be mentioned that Whole Foods Market is down 15.7% since the start of the year and has a downward trending technical chart, but�shares are�still up 13% over the past year, up 426.3% over the past five years and up 3,108.6% since January 1992.
5 Best Food Stocks To Buy For 2014: Wasgau Produktions & Handels AG (MSH)
Wasgau Produktions & Handels AG is a Germany-based retailer and producer of food articles. The Company divides its business activities into the two main segments Wholesale and Retail. The Wholesale�� businesses include seven Cash and Carry markets for restaurateurs and wholesale customers, as well as commercial businesses of the holding company WASGAU Produktions & Handels AG, which are supported by its subsidiary WASGAU Dienstleistungs & Logistik GmbH, active within warehouse management and transportation. The Operations within the Retail segment are mainly carried out through Company�� subsidiaries WASGAU Metzgerei GmbH and WASGAU Baeckerei & Konditorei GmbH, which produce and supply its stores with a variety of meats and bakery products, respectively. As of December 31, 2011, the Company operated through 24 affiliated companies and subsidiaries located in Germany. Advisors' Opinion:- [By Dan Gallagher]
The Nasdaq Composite (COMP) � rose 0.9% to 3,807 while the Philadelphia Semiconductor Index (SOX) � rose by 0.8% and the Morgan Stanley High-Tech Index (MSH) �rose by 0.9%.
5 Best Food Stocks To Buy For 2014: Barry Callebaut AG (BARN)
Barry Callebaut AG is a Switzerland-based producer of cocoa, chocolate and confectionery products. The Company�� manufacturing process involves all stages of the cocoa and chocolate value chain from the sourcing of raw materials to the delivery of the finished products. The Company operates three geographical segments, including Europe, Americas and Asia-Pacific, as well as its business segment Global Sourcing & Cocoa. The Global Sourcing & Cocoa business segment is responsible for the procurement of ingredients for chocolate production, including mainly cocoa, as well as sugar, dairy and nuts as common ingredients, as well as the Company's cocoa processing business. The Company serves the food industry, from industrial food manufacturers to professional or artisanal users of chocolate. The Company operates more than 50 chocolate and cocoa factories, and is present in over 30 countries. Advisors' Opinion:- [By Sofia Horta e Costa]
Elan Corp. jumped 8.4 percent in Dublin after authorizing the process of its sale. Hochtief AG gained the most in four months after the German builder said it will buy as much as 260 million euros ($346 million) of its own shares. Michelin & Cie, Europe�� largest tiremaker, added 4.7 percent after data on its website showed tire demand surged in Brazil last month. Barry Callebaut AG (BARN) lost 3.4 percent after the maker of bulk chocolate sold about $302 million of new shares.
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