RECENT NOTES
7/30/15 GIS TO BUY WWAV | IN SEARCH FOR TRANSFORMATIONAL GROWTH
7/27/15 HAIN | ORGANIC DECEPTION PART TWO
7/24/15 HAIN | COSMETIC DECEPTION
7/23/15 CPB | Analyst Day Notes
7/21/15 GIS | Green Giant Divestiture is the Worst Kept Secret
RECENT NEWS FLOW
Saturday, August 1
K | Announced the completion of new master contract agreement with BCTGM, the primary workforce for cereal manufacturing (click here for article)
Thursday, July 30
MDLZ | Downgraded to neutral from buy at Goldman Sachs, however target price increased to $46 from $43
CAG | Eliminating BPA from canned packaging (click here for article)
Wednesday, July 29
BN-FR / SBUX | Partner up to create a Greek yogurt brand for sale at retail (click here for article)
WFM | Caught a few downgrades as a result of poor performance stemming from the pricing scandal (3Q15 earnings release here)
MDLZ | Investing more than $130mm to modernize North American supply chain (click here for article)
Tuesday, July 28
CAG | Rumored to be in talks with TreeHouse and Post regarding private label auction (click here for article)
PG | Appointed David Taylor, a company veteran to President and CEO (click here for article)
LWAY | Probiotics gaining adoption (click here for article)
Monday, July 27
UNFI | Downgraded to market perform from outperform at BMO Capital, target cut to $52 from $71
GOOG | Google recently attempted to acquire Impossible Foods, a plant-based cheeseburger company (click here for article)
SECTOR PERFORMANCE
Food and organic stocks that we follow outperformed the XLP last week. The XLP was up 1.3%, the top performer from our list was BDBD posting an increase of 20.5%, although BDBD is still down -43.2% in the last 52 weeks. This sharp increase was due to an activist disclosing his stake in the company.
QUANTITATIVE SETUP
From a quantitative perspective, the XLP remains bullish on a TRADE and TREND duration.
Food and Organic Companies
