Send me real-time posts from this site at my email
Zacks

The Zacks Analyst Blog Highlights: Pfizer, Hain Celestial, Pilgrim's Pride, United Natural Foods and Tyson Foods

For Immediate Release

Chicago, IL – November 16, 2020 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Pfizer Inc. PFE, The Hain Celestial Group, Inc. HAIN, Pilgrim's Pride Corporation PPC, United Natural Foods, Inc. UNFI and Tyson Foods, Inc. TSN.

Here are highlights from Friday’s Analyst Blog:

Coronavirus Fears to Boost Packaged Food Sales: 4 Picks

Restaurant sales have been on the rise since the economy started reopening. However, the industry which is just trying to stand back on its feet after being battered by the coronavirus-induced lockdown in March and April, fears of the virus has come back haunting.

With coronavirus infections on the rise again, it may not come as a surprise if people once again start keeping indoors and start stockpiling. This may, however, help the packaged food industry, which came as a savior during the pandemic. Demand for packaged food witnessed a surge as lockdowns were imposed, and packaged food and health supplements with extended shelf life started going off the racks.

Packaged Food in Focus Again

The COVID-19 pandemic has changed the way people have been shopping and eating. Demand for fast-moving consumer goods (FMCG) has seen a sudden surge. According to a Reuters report, packaged food companies in the United States have seen a sudden jump in demand as shoppers since the outbreak have been buying processed food on fears of longer confinement at home.

The pandemic has thus somewhat turned the fortunes of many companies, with most now raising their annual financial targets. Also, an increasing number of people are opting for comfort food at home given that people are still afraid of visiting restaurants and cafes after the economy reopening.

Coronavirus Cases on the Rise Again

As predicted by experts, coronavirus cases are once again on the rise with the onset of fall. The United States has reported a record number of daily coronavirus infections over the past few days, with total cases now having crossed 10.3 million.

Although Pfizer on Nov 9 raised hopes among millions after the drugmaker said that its COVID-19 vaccine candidate has so far proved to be successful in the final-stage of clinical trials, there still isn’t any assured cure for the virus. Given this sudden rise in infections, many states are once again contemplating reinforcing restrictions on movement. Thus it won’t come as a surprise if people once again start confining themselves to their homes.

This may once again see people stockpiling on essential goods, including packaged and processed food. Also, health conscious people might also start stockpiling on health foods and supplements.

Our Choices

The Hain Celestial Group produces, distributes, markets and sells various natural and organic foods as well as personal care products. It offers groceries, non-dairy beverages and frozen desserts, flour and baking mixes, cereals, condiments, cooking oils, and infant and toddler food.

The company’s expected earnings growth rate for the current year is 41.7%. The Zacks Consensus Estimate for current-year earnings has improved 4.4% over the past 60 days. Hain Celestial carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.

Pilgrims Pride Corp. is focusing on strengthening its Prepared Foods category.

The company’s expected earnings growth rate for next year is more than 100%. The Zacks Consensus Estimate for current-year earnings has improved 39.7% over the past 60 days. Pilgrims Pride Corporation has a Zacks Rank #2.

United Natural Foods is the leading distributor of natural, organic and specialty food and non-food products in the United States and Canada. The company carries more than 1,10,000 high-quality natural, organic and specialty products, consisting of national, regional and private label brands in six product categories. 

The company’s expected earnings growth rate for the current year is 26.5%. The Zacks Consensus Estimate for current-year earnings has improved more than 100% over the past 60 days. United Natural Foods sports a Zacks Rank #1.

Tyson Foods is the biggest U.S. chicken company and produces, distributes and markets chicken, beef, pork as well as prepared foods.  

The company’s expected earnings growth rate for next year is 14.9%. Its shares have gained 3.2% over the past 30 days. Tyson Foods has a Zacks Rank #2.

Looking for Stocks with Skyrocketing Upside?

Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.

Ignited by referendums and legislation, this industry is expected to blast from an already robust $17.7 billion in 2019 to a staggering $73.6 billion by 2027. Early investors stand to make a killing, but you have to be ready to act and know just where to look.

See the pot stocks we're targeting >>

Media Contact

Zacks Investment Research

800-767-3771 ext. 9339

support@zacks.com                                      

https://www.zacks.com                                          

 

Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Pfizer Inc. (PFE): Free Stock Analysis Report
 
The Hain Celestial Group, Inc. (HAIN): Free Stock Analysis Report
 
Tyson Foods, Inc. (TSN): Free Stock Analysis Report
 
United Natural Foods, Inc. (UNFI): Free Stock Analysis Report
 
Pilgrims Pride Corporation (PPC): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research

Welcome! Is it your First time here?

What are you looking for? Select your points of interest to improve your first-time experience:

Apply & Continue