Processed & Packaged Goods: General Mills, Inc. (NYSE:GIS), ConAgra Foods (NYSE:CAG), General Cable Corporation (NYSE:BGC), McCormick & Company (NYSE:MKC)

Posted by on Apr 21, 2014

According to the New York Times, General Mills, Inc. (NYSE:GIS) the maker of brand names including Betty Crocker, Pillsbury and Cheerios, made some quiet changes to its privacy policy prohibiting customers who buy its products from suing the company if they have a dispute. General Mills, Inc. (NYSE:GIS) shares after opening at $52.23 moved to $52.25 on last trade day and at the end of the day closed at $52.09. Company price to sales ratio in past twelve months was calculated as 1.77 and price to cash ratio as 37.79. General Mills, Inc. (NYSE:GIS) showed a positive weekly performance of 2.14%.

Agribusiness Company Cargill Inc. expects its flour mill merger with ConAgra Foods Inc. (NYSE:CAG) to be resolved positively in six to eight weeks, Executive Chairman Greg Page said. ConAgra Foods Inc. (NYSE:CAG) shares advanced 0.45% in last trading session and ended the day on $31.34. CAG return on equity ratio is recorded as 17.70% and its return on assets is 4.70%. ConAgra Foods Inc. (NYSE:CAG) yearly performance is -8.90%.

General Cable (NYSE:BGC) was upgraded by analysts at Longbow Research from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Tuesday, TheFlyOnTheWall.com reports. The firm currently has a $36.00 price target on the stock. Longbow Research’s price objective would suggest a potential upside of 39.81% from the company’s current price. General Cable Corporation (NYSE:BGC) shares moved up 1.28% in last trading session and was closed at $26.08, while trading in range of $25.47 – $26.45. General Cable Corporation (NYSE:BGC) year to date (YTD) performance is -11.32%.

Stock analysts at JPMorgan Chase & Co. boosted their price target on shares of McCormick & Company, (NYSE:MKC) from $68.00 to $69.00 in a report issued on Monday, Stock Ratings Network.com reports. JPMorgan Chase & Co.’s price objective points to a potential downside of 2.79% from the stock’s previous close. McCormick & Company, Incorporated (NYSE:MKC) weekly performance is 0.58%. On last trading day company shares ended up $70.98. McCormick & Company, Incorporated (NYSE:MKC) distance from 50-day simple moving average (SMA50) is 5.14%. Analysts mean target price for the company is $71.33.

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