Posted on 04 May 2012. Tags: NYSE:PEP, pepsico, PepsiCo (NYSE:PEP), US
PepsiCo (NYSE:PEP) has decided to recall certain batches of children’s orange juice in the UK.
PepsiCo Makes UK Juice Recall
The US based PepsiCo (NYSE:PEP) has initiated a recall for its multi-packs of Tropicana Kids Orange Juice, which contain microbiologically contaminated water instead of orange juice blend.
The Food Standards Agency (FSA) said that the drinks were contaminated following a ‘test procedure’ and is easily identifiable because they have no branding on the cartons.
A PepsiCo (NYSE:PEP) spokeswoman confirmed the products had been distributed to 40 stores and affected 277 four-packs in total.
PepsiCo (NYSE:PEP) company shares are currently standing at 66.91.
Price HistoryLast Price: 66.91
52 Week Low / High: 58.5 / 71.89
50 Day Moving Average: 65.06
6 Month Price Change %: 6.5%
12 Month Price Change %: -4.2%
Posted in Food, Headlines
Posted on 01 May 2012. Tags: NYSE:PEP, pepsico, PepsiCo (NYSE:PEP), US
PepsiCo (NYSE:PEP) has entered into a new distribution deal with DineEquity.
PepsiCo Signs New Distribution Deal
Under this new deal, soft drink maker giant PepsiCo (NYSE:PEP) will supply all nonalcoholic beverages for DineEquity’s Applebee’s Neighborhood Grill & Bar and IHOP Restaurants for 10 years.
Indra Nooyi, chairman and CEO of PepsiCo (NYSE:PEP) said, “Applebee’s has been a valued, long-standing customer of ours and we’re looking forward to growing our relationship with IHOP. We appreciate the opportunity to serve our great-tasting, top-quality beverages to all DineEquity guests.”
PepsiCo (NYSE:PEP) shares were at 66.00 at the end of the last day’s trading. There’s been a 0.9% change in the stock price over the past 3 months.
PepsiCo (NYSE:PEP) Analyst AdviceConsensus Opinion: Moderate Buy
Mean recommendation: Error
(1=Strong Buy, 5=Strong Sell)3 Months Ago: Error
Zack’s Rank: 3 out of 15 in the industry
Posted in Food
Posted on 30 April 2012. Tags: NYSE:PEP, pepsico, PepsiCo (NYSE:PEP), US
PepsiCo (NYSE:PEP) has said that its snacks and beverage businesses have doubled its growth in India.
PepsiCo Sees Big Growth
According to the figure in volume terms for the three months ended March 31, 2012, the soft drink maker giant PepsiCo (NYSE:PEP) has reported double digit growth for its snacks and beverage businesses in India.
“Snacks delivered its 9th consecutive quarter of double-digit volume growth in Asia, Middle East & Africa (AMEA), with first quarter snacks volume growing double digits in India, Australia, Thailand and the Middle East,” PepsiCo (NYSE:PEP) said in a statement.
PepsiCo (NYSE:PEP) stocks are currently standing at 66.10.
Price HistoryLast Price: 66.10
52 Week Low / High: 58.5 / 71.89
50 Day Moving Average: 64.77
6 Month Price Change %: 4.6%
12 Month Price Change %: -5.2%
Posted in Food, Headlines
Posted on 22 April 2012. Tags: NYSE:TSN, tyson foods, Tyson Foods (NYSE:TSN), US
Tyson Foods (NYSE:TSN) has been selected among the “100 Best Corporate Citizens” by Corporate Responsibility magazine.
Tyson Foods Wins Corporate Citizenship Award
Springdale, Arkansas based multinational corporation operating in the food industry, Tyson Foods (NYSE:TSN), has been ranked No. 90 of the 100 companies in the “100 Best Corporate Citizens” list by Corporate Responsibility magazine.
Senior Vice President and Chief Environmental, Health and Safety Officer for Tyson Foods (NYSE:TSN), Kevin Igli, said, “We’re pleased to be recognized for our corporate citizenship and believe this ranking reflects our efforts to do the right thing in every aspect of our business. In addition to operating our company responsibly, we also remain committed to such important endeavors as hunger and disaster relief, supporting the U.S. military and being active in our plant communities.”
Tyson Foods (NYSE:TSN) stocks are currently standing at 17.97.
Price HistoryLast Price: 17.97
52 Week Low / High: 15.6 / 21.06
50 Day Moving Average: 19.08
6 Month Price Change %: -2.6%
12 Month Price Change %: -6.3%
Posted in Food, Headlines
Posted on 18 April 2012. Tags: NYSE:SYY, sysco, Sysco (NYSE:SYY), US
Sysco (NYSE:SYY) has announced the appointment of new executive chairman.
Sysco Gets New Executive Chairman
The board of directors of Sysco (NYSE:SYY) has named Manny Fernandez, currently the non-executive chairman of Sysco, as the company’s executive chairman, effective immediately.
Bill DeLaney, Sysco (NYSE:SYY)’s president and chief executive officer said, “We are pleased that Manny will be providing our senior team with more of his unique leadership and technology capability as we move forward with implementing Sysco (NYSE:SYY)’s strategies for future success.”
Sysco (NYSE:SYY) shares were at 30.10 at the end of the last day’s trading. There’s been a 0.7% change in the stock price over the past 3 months.
Sysco (NYSE:SYY) Analyst AdviceConsensus Opinion: Hold
Mean recommendation: 2.4
(1=Strong Buy, 5=Strong Sell)3 Months Ago: 2.6
Zack’s Rank: 4 out of 8 in the industry
Posted in Food
Posted on 18 April 2012. Tags: kraft foods inc, Kraft Foods Inc. (NYSE:KFT), NYSE:KFT, US
Kraft Foods (NYSE:KFT) has cut 45 million pounds of weight from its packaging since 2010.
Kraft Foods Continues Packaging Shrink
According to an announcement made by Kraft Foods (NYSE:KFT), through its innovation YES Pack it has cut 45 million pounds of weight from the packaging of its products and eliminated 12.5 million travel miles from their operations.
Ryan Portrey, an engineer at Kraft Foods (NYSE:KFT) who worked on the YES Pack said, “Kraft Foods (NYSE:KFT) is exploring how it can use LCAs to innovate further. “Sustainability is not an afterthought anymore. Sustainability is here to stay, and we’re integrating it into our mindset from research and development through sales and marketing. We believe that it’s our responsibility to look out for our customers and the environment.”
Kraft Foods Inc. (NYSE:KFT) stocks were at 38.48 at the end of the last day’s trading. There’s been a -0.5% movement in the stock price over the past 3 months.
Kraft Foods Inc. (NYSE:KFT) Analyst AdviceConsensus Opinion: Moderate Buy
Mean recommendation: 1.75
(1=Strong Buy, 5=Strong Sell)3 Months Ago: 1.75
Zack’s Rank: 12 out of 43 in the industry
Posted in Food, Headlines
Posted on 17 April 2012. Tags: kraft foods inc, Kraft Foods Inc. (NYSE:KFT), NYSE:KFT, US
Kraft Foods (NYSE:KFT) has started the production of its Milka chocolate brand in Argentina.
Kraft Foods Begins Argentina Chocolate Production
Milka is the second best-selling chocolate brand in Argentina and Kraft Foods (NYSE:KFT) had been importing the product from Brazil until the move.
Pedro López Matheu, Kraft Foods (NYSE:KFT) corporate issues director for the South Cone region in South America said, “The brand is being manufactured in Kraft Foods (NYSE:KFT)’s facility in Victoria in Buenos Aires province, to replace Brazilian imports, which represented 70% of the brand’s portfolio in Argentina.”
Kraft Foods Inc. (NYSE:KFT) shares were at 37.58 at the end of the last day’s trading. There’s been a -1.1% movement in the stock price over the past 3 months.
Kraft Foods Inc. (NYSE:KFT) Analyst AdviceConsensus Opinion: Moderate Buy
Mean recommendation: 1.75
(1=Strong Buy, 5=Strong Sell)3 Months Ago: 1.75
Zack’s Rank: 13 out of 44 in the industry
Posted in Food
Posted on 13 April 2012. Tags: kraft foods inc, Kraft Foods Inc. (NYSE:KFT), NYSE:KFT, US
Kraft Foods (NYSE:KFT) has decided to discontinue its Athenos Greek yogurt product.
Kraft Foods Shrinks Athenos Range
As the product failed to gain traction in the market, the US based package food giant Kraft Foods (NYSE:KFT) is discontinuing its Athenos line of Greek yogurt after barely two years.
Kraft Foods (NYSE:KFT) spokeswoman Angela Wiggins said, “Although we had a loyal following of Athenos Greek yogurt fans, we have decided to refocus our effort on innovating new products for the Athenos brand. The company has decided to shift resources to other Athenos-branded products such as feta cheese, hummus, pita chips and spreadable cheese.”
Kraft Foods Inc. (NYSE:KFT) stocks are currently standing at 37.14.
Price HistoryLast Price: 37.14
52 Week Low / High: 31.88 / 39.06
50 Day Moving Average: 38.2
6 Month Price Change %: 6.6%
12 Month Price Change %: 14.7%
Posted in Food, Headlines