B&G Foods, Inc. (NYSE:BGS) announced that it intends to refinance existing indebtedness under its senior secured credit facility by establishing a new senior secured credit facility, consisting of $300 million of tranche A term loans and a $500 million revolving credit facility. The proceeds of the new credit facility will be used by B&G Foods to repay $122 million of tranche A term loans and approximately $203 million of revolving credit loans under the existing credit agreement, to pay transaction fees and expenses and for general corporate purposes. B&G Foods, Inc. (NYSE:BGS) net profit margin is 6.70% and weekly performance is 0.06%. On last trading day company shares ended up $32.15. Analysts mean target price for the company is $34.20. B&G Foods, Inc. (NYSE:BGS) distance from 50-day simple moving average (SMA50) is 3.13%.
Kraft Foods Group Inc (NASDAQ:KRFT) is voluntarily recalling select Knudsen Cottage Cheese, Breakstone’s Cottage Cheese, Simply Kraft Cottage Cheese, and Daily Chef Cottage Cheese products. Some ingredients used in these products were not stored in accordance with Kraft’s temperature standards. While unlikely, this could create conditions that could lead to premature spoilage and/or food borne illness; therefore, the company is issuing the recall as a precaution. The affected products all have code dates from May 9, 2014 through July 23, 2014. Kraft Foods Group Inc (NASDAQ:KRFT) shares advanced 1.02% in last trading session and ended the day on $57.58. KRFT Gross Margin is 39.20% and its return on assets is 11.90%. Kraft Foods Group Inc (NASDAQ:KRFT) quarterly performance is 8.09%.
On May 15, 2014, Innovative Food Holdings Inc (OTCMKTS:IVFH) announced financial results for the first quarter ended March 31, 2014.Revenue increased approximately 6% to $5.6 million from $5.2 million in the first quarter of 2013. March 2014 represented the 56th consecutive month of increased month-over-month revenue, Operating Cash flow grew to $191,981 from ($74,708) in 2013. Operating Income grew approximately 22% to $455,500 from $372,413 in 2013. Innovative Food Holdings Inc (OTCMKTS:IVFH) shares moved up 1.43% in last trading session and was closed at $1.42, while trading in range of $1.41 – $1.42.
On May 10, 2014, Campbell Soup Company (NYSE:CPB) and the National Association of Letter Carriers (NALC) will team up once again to participate in the annual Letter Carriers’ Food Drive to ‘Stamp Out Hunger,’ which supports local food banks, including Feeding America member food banks. Now in its 22nd year, the nation’s largest single-day food drive provides assistance to the millions of Americans who struggle to put food on the table. Campbell Soup Company (NYSE:CPB) ended the last trading day at $45.12. Company weekly volatility is calculated as 0.93% and price to cash ratio as 48.32. Campbell Soup Company (NYSE:CPB) showed a negative weekly performance of -0.62%.
The Rockefeller Group Development Corp., in conjunction with Reus GM Inc., has sold the General Mills, Inc. (NYSE:GIS) Distribution Center in Social Circle, Ga. Although the price tag was not disclosed, CoStar reported that the 1.5 million-square-foot Class A+distribution facility sold for $51.5 million, or $34 p/ square foot, to Welsh Property Trust, a Minnetoka, Minn-based real estate investment company with sizable holdings in significant industrial markets throughout the country. General Mills, Inc. (NYSE:GIS) shares advanced 0.75% in last trading session and ended the day on $53.81. GIS Gross Margin is 35.80% and its return on assets is 7.80%. General Mills, Inc. (NYSE:GIS) quarterly performance is 8.71%.
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