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CAGNY: Kellogg to play into demand for "simpler" foods

2015-02-19 22:50:02| Agriculture - Topix.net

Kellogg is to launch a "simpler" breakfast product, on the back of rising demand for better-for-you foods with fewer ingredients. Announced at the Consumer Analyst Group of New York event yesterday Kellogg's Origins will launch mid-year in the US, and will be made up of muesli, granola and cereal.

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U.S. Sues to Block Sysco, US Foods Merger

2015-02-19 21:01:26| Food - Topix.net

U.S. antitrust regulators filed a lawsuit on Thursday aimed at stopping food distribution giant Sysco Corp from purchasing smaller rival US Foods , the Federal Trade Commission said on Thursday. The case will now be heard by an internal FTC judge.

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Billionaire Steve Cohen's Top Picks: Tyson Foods Inc. (TSN),...

2015-02-19 20:01:13| Food - Topix.net

In its latest 13F filing with the U.S. Securities and Exchange Commission, Point72 Asset Management , led by billionaire Steve Cohen , revealed its equity portfolio at the close of the fourth quarter of 2014, which was valued at $14.25 billion. The fund's diversified portfolio contains a total of 644 positions.

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Hormel Foods Earnings Beat Views On Jennie-O Sales

2015-02-19 18:01:28| Food - Topix.net

The maker of meat products and processed grocery food said earnings climbed 21% to 69 cents per share, above the 64 cents analysts polled by Thomson Reuters were expecting. Revenue rose nearly 7% to $2.39 billion, but fell short of views for $2.46 billion.

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Hormel Foods raises earnings guidance on Q1 profits

2015-02-19 18:01:27| Food - Topix.net

Hormel Foods has raised its forecast for annual earnings on the back of increased profits during the first quarter of its financial year. For the period ended 25 January, net income was up to US$171.7m compared with $153.3m, the US group said today .

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