Today's Research on Kellogg, Hillshire Brands, McCormick & Co., and Diamond
LONDON, April 12, 2013
LONDON, April 12, 2013 /PRNewswire/ --
The food processing industry faced significant challenges in 2012 as raw
material prices rose after one of the worst drought in U.S. history. Raw
material prices are expected to remain higher in 2013, which will have an
impact on margins of companies such as Kellogg Company (NYSE: K), Hillshire
Brands Co. (NYSE: HSH), McCormick & Company Incorporated (NYSE: MKC), and
Diamond Foods Inc. (NASDAQ: DMND). The food processing industry is also
adapting to the changing consumer demand, especially in the developed world.
Meanwhile, rising income levels in emerging markets is expected to boost
demand for processed foods. In fact, emerging markets are expected to be the
key growth drivers for the food processing industry in the next few years.
Shares of food processing companies ended on a mixed note on Thursday even as
the broad market edged higher. StockCall professionals have completed their
technical analysis on K, HSH, MKC, and DMND and these free reports are
accessible by registering at
Kellogg Company's shares edged lower on Thursday; however, the losses were
limited. The stock closed 0.53% lower at $64.28 on volume of 1.37 million.
Earlier in the day, Kellogg's shares touched a 52-week high of $64.91,
however, the stock failed to hold on to its gains. Shares of K have
outperformed the S&P 500 so far in 2013, gaining nearly 16%. The stock has
seen a series of highs since the start of this year, which is a bullish
signal. The stock is also trading well above its 50-day and 200-day moving
averages. Sign up for the free technical research on K at
Hillshire Brands Co.'s shares edged higher on Thursday, touching a 52-week
high of $35.38. The stock closed 0.74% higher at $35.25 on volume of 756,099.
Hillshire Brands' shares have gained nearly 4% in the last three sessions.
Year-to-date, the stock has gained more than 25.70%, compared to a gain of
over 11.70% for the S&P 500. The company's shares are currently trading above
their 50-day and 200-day moving averages, which is a bullish signal. The
positive trend is further confirmed by the stock's MACD chart. Be sure to read
our latest technical research on HSH by registering at
Shares of McCormick edged higher on Thursday; however, the gains were limited.
The stock closed 0.14% higher at $71.25 on volume of 511,068. The stock
touched an intra-day high of $71.85. The company's shares are currently
trading more than 3.30% below their 52-week high. The stock has gained more
than 12% thus far this year, outperforming the S&P 500. McCormick's shares saw
a pullback after the stock hit a 52-week high last month. However, the stock
has rebounded after finding support at around $70. Sign up and read the
complimentary report on MKC at
Diamond Foods Inc.'s shares edged lower in trading yesterday. The stock closed
0.39% lower at $15.52 on volume of 153,105. The stock has seen a series of
lows in the last two weeks, which is a bearish signal. It has also slipped
below its 50-day and 200-day moving averages, which further confirms the
bearish trend. Shares of DMND currently have support at around $15. The free
report on DMND can be downloaded by signing up now at
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