Best Information Technology Stocks To Watch Right Now

Best Information Technology Stocks To Watch Right Now: Hillshire Brands Co (HSH)

The Hillshire Brands Company, incorporated on September 4, 1941, is a manufacturer and marketer of food products. The Companys portfolio includes brands, such as Jimmy Dean, Ball Park, Hillshire Farm, State Fair, Sara Lee frozen bakery and Chef Pierre pies, as well as artisanal brands Aidells and Gallo Salame. The Company operates in two segments: Retail and Foodservice/Other. Retail sells a variety of packaged meat and frozen bakery products to retail customers in North America. Foodservice/other sells a variety of meat and bakery products to foodservice customers in North America. On February 4, 2013, the Company completed the sale of its Australian bakery business.

Retail

Products in the retail segments include hot dogs and corn dogs, breakfast sausages, breakfast convenience items, including breakfast sandwiches and bowls, dinner sausages, deli and luncheon meats and cooked hams, as well as frozen pies, cakes, cheesecakes and other desserts . The Companys brands include Jimmy Dean, Ball Park, Hillshire Farm, State Fair and Sara Lee, as well as artisanal brands Aidells and Gallo Salame. The sales of the Retail business are generated in the United States Sales are made in the retail channel to supermarkets, warehouse clubs and national chains. Retails business accounted for 74% of the Companys sales during the fiscal year ended June 29, 2013 (fiscal 2013).

Foodservice/Other

Products in the foodservice/other segment include hot dogs and corn dogs, breakfast sausages and sandwiches, dinner sausages, deli and luncheon meats, ham, beef and turkey, as well as a variety of bakery products, including pastries, muffins, frozen pies, cakes and cheesecakes. Sales are made in the foodservice channel to distributors, restaurants, hospitals and other large institutions. Foodservice/Others business accounted for 26% of the Companys sales in fiscal 2013.

Advisors' Opinion! :

• [By Shauna O'Brien]

  Pilgrim’s Pride Corp. (PPC) announced on Tuesday morning said that it has made an offer to acquire Hillshire Brands Co. (HSH) for $6.4 billion.

  Pilgrim’s Pride has offered Hillshire a total of $45 per share in cash, or $6.4 billion. This deal is expected to close during the third quarter. This report comes just two weeks after HSH agreed to acquire Pinnacle Foods Inc (PF).

  Bill Lovette, Pilgrim’s CEO commented: “For Hillshire shareholders, our proposal provides a substantial premium, greater certainty and immediate cash value for their shares. We have long respected the Hillshire business and we are confident that Hillshires board and shareholders will find our all-cash premium proposal to be superior to the pending acquisition of Pinnacle.”

  HSH Dividend Snapshot

  As market close on May 23, 2014

  Click here to see the complete history of HSH dividends.

  Hillshire Brands shares were up $8.21, or 22.20% during pre-market trading Tuesday. The stock is up 10.71% YTD.

• [By Jake L'Ecuyer]

  Top Headline
  Hillshire Brands Co (NYSE: HSH) announced its plans to buy Pinnacle Foods (NYSE: PF) for around $6.6 billion including debt. Hillshire will offer $18.00 in cash and 0.50 shares of its common stock for each Pinnacle share.

source from Top Penny Stocks For 2015:http://www.seekpennystocks.com/best-information-technology-stocks-to-watch-right-now-3.html