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☆ Processed food stocks fall as investors brace for increased scrutiny under Trump, RFK Jr.
▼ + stars: | 2024-11-15 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Processed food stocks tumbled on Friday as investors feared a crackdown under President-elect Donald Trump and ally Robert F. Kennedy Jr. Cheerios cereal and Betty Crocker cake mix maker General Mills fell more than 2%, as did Conagra Brands , the company behind Reddi-wip. Frozen potato supplier Lamb Weston , whose french fries are sold in chains including McDonald's and Chick-fil-A, dropped more than 6%. Traders are wary that Kennedy's "Make America Healthy Again" focus will result in increased scrutiny of companies behind some of the best-known snack, packaged food and soft-drink brands. The stock bucked the trend with an advance on Friday, but finished down more than 4% on the week.

Persons: Donald Trump, Robert F, Kennedy, Betty Crocker, Mills, Reddi, Campbell, Kraft Heinz, Oscar Mayer, Lamb Weston, it's, WK Kellogg Organizations: Soda titans PepsiCo, Coca, Brands, Trump, Health, Human Services Department, Food and Drug Administration, Centers for Disease Control, Capitol, Senate, National Institutes of Health, Traders, NBC, WK Kellogg Co Locations: Canada

☆ This one-time food stock is struggling now. How to trade it from here with options
▼ + stars: | 2024-10-03 | by ( Michael Khouw | ) www.cnbc.com time to read: +5 min

Conagra Brands' stock fell sharply this week after the packaged-food company reported quarterly earnings that fell well short of analysts' expectations. We'll discuss how to play it with options if this company is caught in a longer-term decline. For the fiscal first quarter ending August 25, Conagra posted an adjusted eps of 53 cents a share, missing estimates. However, the most significant institutional options trades weren't betting on considerable upside. CAG YTD mountain Conagra, YTD Conagra traded eight times the average daily options volume, with puts outpacing calls.

Persons: Conagra, YTD Conagra, Seinfeld, we'll, T Rowe Price Organizations: Brands, CNBC, NBC UNIVERSAL

Chicago-based Conagra Brands must pay out $3.1 million in compensatory damages and $4 million in punitive damages to Reese, according to the Cook County Circuit Court verdict. Consumers can check if their cooking spray cans are vented by looking at whether the bottom of the can has four small U-shaped slits, Smith said. The cooking spray that exploded near Reese had been stored on a shelf about 18 inches (46 centimeters) above the stove, according to Flowers. “In a commercial kitchen, that’s a sort of normal place where people leave their cooking spray cans when they’re actually using them. The redesign was not related to the lawsuits and was part of an effort to standardize the company’s cans, Conagra said.

Persons: —, Tammy Reese, Pam, Reese, “, Craig Smith, Marie Callender’s, Chef Boyardee, Slim Jim, Smith, ” Peter Flowers, Conagra, ___ Savage Organizations: CHICAGO, Brands, Conagra, Swiss Miss, Associated Press, America Statehouse News Initiative, America Locations: Illinois, Chicago, Pennsylvania, Shippensburg , Pennsylvania, Cook, Swiss

☆ Jury awards $7.1 million to a burn victim who alleged that a can of cooking spray 'exploded into a fireball'
▼ + stars: | 2023-11-01 | by ( Associated Press | ) www.businessinsider.com time to read: +4 min

Tammy Reese was badly burned when a can of commercial-brand cooking spray ignited, a lawsuit alleged. A jury has ordered Conagra Brands to pay $7.1 million in compensatory and punitive damages. "We continue to stand by our cooking spray products, which are safe and effective when used correctly, as instructed. Consumers can check if their cooking spray cans are vented by looking at whether the bottom of the can has four small U-shaped slits, Smith said. "In a commercial kitchen, that's a sort of normal place where people leave their cooking spray cans when they're actually using them.

Persons: Tammy Reese, Conagra, —, Pam, Reese, Craig Smith, Marie Callender's, Chef Boyardee, Slim Jim, Smith, Peter Flowers Organizations: Brands, Service, Conagra, Swiss Miss Locations: Illinois, Chicago, Pennsylvania, Shippensburg , Pennsylvania, Cook, Swiss

☆ Conagra Earnings, Sales Climb as Food Prices Rise
▼ + stars: | 2023-04-05 | by ( Dia Gill | ) www.wsj.com time to read: 1 min

Conagra , which makes Hunt’s tomato products, attributed its most recent quarterly results to inflation-driven price increases. Conagra Brands Inc. raised its guidance for the second consecutive quarter as the food manufacturer posted a nearly 60% profit increase. For the quarter ended Feb. 26, the Chicago-based maker of Slim Jim meat sticks, Reddi-wip and Marie Callender frozen meals reported a net income of $341.7 million, up from $218.4 million in the same quarter a year prior. Analysts surveyed by FactSet expected net income of $303 million.

☆ Conagra Is Your Food Value Play for 2023
▼ + stars: | 2023-01-05 | by ( Aaron Back | ) www.wsj.com time to read: 1 min

American food companies had a strong 2022. One relative laggard in the sector, Conagra Brands, looks positioned to break out this year. The company, which owns brands such as Birds Eye frozen vegetables, Hunt’s tomato products and Reddi Wip, reported strong results on Thursday. Organic sales, which strip out currency fluctuations and merger impacts, rose 8.6% from a year earlier in the company’s second fiscal quarter, which ended on Nov. 27. That was just ahead of analyst expectations for an 8.4% rise, according to Visible Alpha.

☆ Loans Are Cheaper Than Bonds for Some Highly Rated Companies
▼ + stars: | 2022-09-21 | by ( Nina Trentmann | ) www.wsj.com time to read: +7 min

Some highly rated companies are turning to term loans instead of bonds for their financing needs, taking advantage of cheaper pricing as banks have been slower to adjust to rising interest rates than the credit markets. Highly rated companies raised $998.8 billion in bonds in the U.S. this year through Monday, compared with $177.9 billion in term loans, according to Refinitiv, a data provider. For all of last year, fundraising through bonds amounted to $1.46 trillion versus $236.7 billion for term loans for investment-grade-rated companies. Term loans often have a shorter duration than bonds, with many of them ranging from three to five years. Term loans tend to be secured,” Mr. Holtz said, pointing to the mixture of bonds and term loans that make up the company’s capital structure.

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