4 Consumer Stock Stories for Midweek Investor Shopping
Annie’s (NYSE:BNNY): Current price $36.43
On Tuesday the company announced a voluntary recall of 7 varieties of frozen pizza, arising from worries that the failure of a metal screen at a third-party mill could have contaminated dough used in the pizza. No metal has been found in Annie’s finished product and no consumers have complained, but as a precaution, the company initiated this voluntary recall, also conceding that its screening process did not to detect the contamination. A spokesperson said that Annie’s is working with the FDA and USDA to reach a quick resolution of the matter.
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Verizon Communications (NYSE:VZ): Current price $42.74
The firm reports that approximately 87 percent of postpaid phone sales were smartphones, with around 30 percent of smartphone activations new to Verizon. Also, the company says that nearly 50 percent of total data traffic is on the 4G LTE network. These comments from slides will be presented on the fourth quarter earnings conference call.
Tesla Motors (NASDAQ:TSLA): Current price $35.96
After some time,Tesla began the output of its Model S, and now the plant at which the model is produced runs at full capacity, according to the company’s director of Model S programs Jerome Guillen. Up until now, Tesla’s Model S was equipped only with the top-line 85 kWh battery packs, but starting in January, Tesla is rolling off the assembly line 60 kWh vehicles, along with a lower price tag.
Dean Foods Company (NYSE:DF): Current price $18.38
The Dairy Farmers of America and related firms such as Dean Foods will pay $158.6 million to resolve claims that they fixed the price of milk by shutting bottling installations and stifled competition to rig raw milk prices in the Southeast, according to the Kansas City Business Journal. Other companies involved include DFA’s finance subsidiary Mid-Am Capital, and National Dairy Holdings, which the DFA sold to Grupo Lala in 2009.
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