Food
3 Food Stocks Bargain Hunters Should Buy Right Now
Due to market instability, bargain hunters are looking for safe havens with high potential returns. Because of the elevated situation, food companies with efficient pricing and saving techniques would likely do well in 2023.
As we near the end of 2022, we have highlighted a few food stocks that appear to be well-positioned for the new year, thanks to positive demand and good pricing tactics.
Increased at-home consumption habits developed since the pandemic have benefited some food stock companies’ retail operations. Their food service operations have also seen increased sales as customers return to normal routines.
Companies have capitalized on increased demand.
Companies have capitalized on increased demand through consistent brand-building activities, such as consumer-centric innovation and acquisitions.
Companies have been investing heavily in healthy offerings, owing to consumers’ growing interest in health and wellness (all the more since the pandemic).
Furthermore, businesses have gone all out to combat inflationary challenges. Food stock manufacturers have been dealing with rising ingredients, packaging, and transportation costs.
Players have raised product pricing and implemented
The increasing cost of labor owing to scarcity has also been a disadvantage. Players have raised product pricing and implemented more stringent cost-cutting and restructuring initiatives to address these problems.
Using the Zacks Stock Screener, we selected three well-ranked food stocks with a market cap of at least $1 billion. These food stocks also have a Value Score of A, which makes them even more appealing.
These food stocks will likely add flavor to investors’ new year palettes due to their strong fundamentals and robust potential.
3 Delicacies for 2023
Conagra Brands, Inc. CAG is a viable option. With a market capitalization of $18.5 billion, the company has benefited from its effective pricing and continued implementation of the Conagra Way plan.
Conagra has benefited from strength in the frozen and snacks categories and a resurgence in the food stocks market. CAG announced another price rise to combat inflation, which will take effect in the second quarter of fiscal 2023.
In fiscal 2023, we think efficient pricing and innovation will increase sales. Organic net sales are expected to increase by 4-5% annually in fiscal 2023. The adjusted EPS growth rate is expected to be between 1% and 5%.
The Zacks Consensus Estimate for Conagra’s fiscal 2023 earnings per share has risen a penny to $2.48 in the last 30 days, implying a 3.8% increase from the previous year’s reported figure.
The shares of this Zacks Rank #2 (Buy) business have risen 12.9% in the last six months. The company’s long-term earnings per share growth rate are 7.2%. The complete list of today’s Zacks #1 Rank food stocks can be found here.
Archer Daniels Midland Company ADM’s stock has increased.
Archer Daniels Midland Company ADM’s stock has increased 20.6% in the last six months. On its third-quarter 2022 earnings call, management noted that ADM is well-positioned to end 2022 on a high note, with momentum extending into 2023.
The company’s third-quarter profits were boosted by strong worldwide demand, gains from the integrated global value chain, a strong product range, and ADM’s team’s skill in dealing with volatile market situations.
Archer Daniels has made significant progress on its three strategic pillars: optimize, drive, and grow. The Zacks Rank #2 company has benefited from its Nutrition segment’s strong performance.
Over the last 60 days, the Zacks Consensus Estimate for ADM’s 2023 earnings per share has risen from $6.19 to $6.34. With a market capitalization of $51.4 billion, the company has a long-term EPS growth rate of 7.2%.
Ingredion Incorporated INGR is another option for investors. When it reported strong third-quarter 2022 results, the company raised its 2022 guidance.
The company has a market capitalization of $6.4 billion and has benefited from strong demand for core and specialty ingredients. Active price management across all regions has assisted INGR in dealing with rising input costs.
This Zacks Rank #2 stock has gained 11.3% in the last six months. The Zacks Consensus Estimate for Ingredion Incorporated’s 2023 earnings per share has risen from $7.56 to $7.82 in the last 30 days, representing a 10.8% increase from the previous year’s reported figure of food stock.
Single Best Pick to Double, according to Zacks.
Five Zacks analysts have chosen their favorite from among thousands of food stocks to rise by 100% or more in the next months. Sheraz Mian, Director of Research, selects one of those five to have the most explosive upside.
It’s a little-known chemical company that’s up 65% year over year while remaining dirt cheap. With relentless demand, increasing earnings projections for 2022, and $1.5 billion available for repurchasing shares, ordinary investors could get in at any time.
This firm could compete with or outperform other recent Zacks’ food Stocks Set to Double, such as Boston Beer Company, which increased +143.0% in less than 9 months, and NVIDIA, which increased +175.9% in a year.
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Food
America’s French Fry King Sounds An Alarm
Americans are revolting against McDonald’s and other fast-food establishments. This is harming French fry suppliers like Lamb Weston.
Lamb Weston, North America’s largest manufacturer of french fries and a significant supplier to fast-food chains, restaurants, and grocery stores, is closing a production facility in Washington state. Last week, the company stated that it would lay off almost 400 employees, or 4% of its workforce, and temporarily shut down manufacturing lines in response to falling customer demand.
Lamb Weston (LW) shares have plummeted 35% this year.
America’s French Fry King Sounds An Alarm
The potato giant is oversupplied at a time when demand is low. In recent years, restaurant prices have risen faster than grocery store prices, prompting shoppers to avoid fast-food establishments.
This move has had an impact on Lamb Weston because individuals are less inclined to prepare French fries at home. According to Lamb Weston, fast-food restaurants account for around 80% of all french fries consumed in the United States.
Fast-food restaurants, such as McDonald’s, are offering bargain menus to entice customers back. McDonald’s has introduced a $5 meal that contains a McDouble cheeseburger or a McChicken sandwich, small french fries, four chicken nuggets, and a small soft drink. However, these promotions are not benefiting Lamb Weston because customers are purchasing fewer portions of fries.
“Many of these promotional meal deals have consumers trading down from a medium fry to a small fry,” Lamb Weston CEO Thomas Werner stated during an earnings call last week.
Lamb Weston did not immediately reply to CNN’s request for comment.
McDonald’s, Lamb Weston’s largest customer, accounts for 13% of revenue. As McDonald’s goes, so does Lamb Weston.
America’s French Fry King Sounds An Alarm
And McDonald’s is struggling. Sales at US restaurants open at least a year declined 0.7% last quarter compared to the same period a year ago, dragged down by fewer consumers visiting the brand.
Lamb Weston is also heavily exposed to other fast-food companies, according to analyst R.J. Hottovy of analytics firm Placer.ai, in a research note to clients last week.
Customer traffic to fast-food restaurants fell 2% last quarter and 3% the prior quarter compared to the same period last year, according to Lamb Weston.
SOURCE | CNN
Food
Logan Paul And MrBeast Have A Lunchables Competitor That They Say Is Healthy
YouTube’s top stars have launched their competitor to Lunchables.
MrBeast, Logan Paul, and KSI are collaborating on a “groundbreaking new better-for-you lunch option” called Lunchly, combining all their goods into a single meal geared at their younger fans.
The all-in-one meal includes a bottle of Prime Hydration, a sports drink alternative founded by Paul and KSI that has grown in popularity; a Feastables milk chocolate bar created by MrBeast, a popular YouTube star with over 300 million subscribers; and one of three processed food options, including pizza, nachos, or turkey aand cheese with crackers.
Logan Paul And MrBeast Have A Lunchables Competitor That They Say Is Healthy
“Our ultimate goal has always been to offer not only high-quality products, but also healthier alternatives,” Lunchly cofounder Logan Paul stated in a press release. He also stated that the school lunch industry has been “dominated by Lunchables” since he was a child, and that it is “time to provide a better option for those looking for a convenient, healthier choice.”
Lunchly promises to be “healthier” since Prime contains more electrolytes than a Capri Sun in Lunchables, and Mr. Beast’s chocolate bar contains less sugar than a Kit Kat or Crunch bar.
Lunchly’s launch comes after Lunchable, owned by Kraft Heinz, announced a huge initiative last year to participate in school lunch programs. However, the company had to reformulate the components first to guarantee that the items met regulatory rules, which included incorporating fresh fruit into their meals.
Consumer Reports reported in 2024 that it recently studied the nutritional profiles of two Lunchables kits supplied in schools and discovered that they contain significantly more sodium than the Lunchables kits available in stores.
Logan Paul And MrBeast Have A Lunchables Competitor That They Say Is Healthy
Of course, KSI, Paul, and MrBeast know how to create brands, thanks partly to their devoted following. Despite government worries about the caffeine content of some of its drinks, Prime sales have risen, threatening industry leaders such as Gatorade and BodyArmor.
“Prime brings a youthful buying cohort that hasn’t had a lot pitched their way beyond traditional kids’ drinks,” Jeffrey Klineman, editor-in-chief of BevNet, previously told CNN. “Paul is significantly more intriguing to a 13-year-old than a juice box.”
SOURCE | CNN
Food
Beyond Soups and Stews: Unexpected Ways to Utilize Your 5 Litre Pressure Cooker
Pressure cookers are very popular cooking utensils for preparing soups, stews, and tenderising meats in quick time. However, their versatility and uses go far beyond these traditional uses.
If you’re trying to use your 5 litre pressure cooker differently, you are at the right place, as we are going to explore unexpected and creative ways to use this essential kitchen utensil.
Infused oils and extract
You can use your pressure cooker to prepare infused oils and extracts. To do that, you have to put the herbs, spices, or citrus peels in a jar filled with oil or alcohol. Then, seal the jar and cook under low pressure for a short time to infuse the flavours uniformly.
By this method, you can extract intense flavours in a quick time as compared to what it takes through traditional infusion methods. You can also experiment with combinations like rosemary-infused olive oil or vanilla extract for baking.
Artisanal Curd Making
You can use your pressure cooker to prepare yoghurt. To do that you have to heat the milk to a proper and specific temperature, and then cool it down before adding yoghurt culture. After that, keep the mixture in jars, seal, and ferment in the pressure cooker with the use of the yoghurt setting. And yes, after that, you will have creamy, homemade yoghurt at a much lower cost than store-bought varieties. You can add up your yoghurt, various flavours and toppings for a healthy breakfast or snack option.
Quick pickling
You can also prepare quick pickles using your pressure cooker. For doing that combine the ingredients such as vinegar, water, salt, and your choice of vegetables or fruits in the cooker.
Now, after that, cook under pressure for a few minutes to infuse the flavours rapidly.
Once it is done and cooled, your quick pickles will be ready to eat and enjoy, giving a taste of tangy flavour to sandwiches, salads, or charcuterie boards. You can do this using different spices and herbs to prepare unique flavour profiles for your pickles.
Steaming vegetables and seafood
You can use your pressure cooker’s steaming capabilities to cook vegetables and seafood very easily and quickly. To do that, you have to place a steamer basket inside the cooker, add water, and put your ingredients.
Then, after that, cook under pressure for a few minutes to keep the nutrients intact and also get the perfect tenderness. From crisp-tender asparagus to succulent shrimp, the possibilities of preparing the dishes are many. You can add different flavours using aromatic herbs, spices, and citrus zest.
Homemade bread and desserts
You can amaze your family with freshly baked bread and delicious desserts that can easily be prepared in your pressure cooker. To do that, use the cooker as a makeshift oven by placing a trivet inside and also adding water to it.
After that, you have to place your bread dough or dessert batter in a heat-proof container, cover it, and then cook under low pressure. In very little time, you will get tender bread or delicious desserts without even messing up the kitchen. You can also try various other recipes like chocolate lava cake or savoury herb bread for a delightful treat.
One-pot pasta dishes
You can easily prepare one-pot pasta dishes that are cooked perfectly in your pressure cooker. To do that you have to combine pasta, sauce, vegetables, and protein in the cooker, and also remember to check and put enough liquid for cooking. Then, seal and cook under pressure for a few minutes. This will allow the flavours to get mixed beautifully.
And with this, from classic spaghetti marinara to creamy Alfredo, your pressure cooker can do it all. You can enhance your pasta with your favourite ingredients and garnishes.
Conclusion on a pressure cooker
Cooking indeed is a creative method. Do justice to your creative culinary spirit with your 5-litre pressure cooker. Bake bread, make homemade yoghurt, and make several main dishes as well as side dishes using a wide pressure cooker.
Impress everyone and yourself! Make the best out of your culinary instincts.
SEE ALSO: The Ultimate Guide to Choosing the Perfect LED Bathroom Mirror
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