Diamond Foods Shareholders Continue Torture

More bad news for Diamond Foods (NASDAQ:DMND): Despite previous bullishness, Jefferies calls it quits and downgrades shares while slashing its price target to $27 from $46. Jeffries remarks, “The announced SEC investigation creates too much of an overhang with uncertain timing and increases the risk that the Pringles deal will be terminated.”

Here’s how top packaged food companies are trading today:

Diamond Foods, Inc. (NASDAQ:DMND): DMND shares recently traded at $28.07, down $1.44, or 4.88%. They have traded in a 52-week range of $26.37 to $96.13. Volume today was 4,977,815 shares versus a 3-month average volume of 2,028,700 shares. The company’s trailing P/E is 12.64, while trailing earnings are $2.22 per share. Get the most recent company news and stock data here >>

Procter & Gamble Co. (NYSE:PG): PG shares recently traded at $65.04, up $0.59, or 0.92%. They have traded in a 52-week range of $57.56 to $67.72. Volume today was 6,767,445 shares versus a 3-month average volume of 9,706,920 shares. The company’s trailing P/E is 16.52, while trailing earnings are $3.94 per share. Get the most recent company news and stock data here >>

Hershey Co. (NYSE:HSY): HSY shares recently traded at $59.38, up $0.54, or 0.92%. They have traded in a 52-week range of $46.24 to $60.96. Volume today was 936,726 shares versus a 3-month average volume of 1,331,970 shares. The company’s trailing P/E is 21.97, while trailing earnings are $2.70 per share. Get the most recent company news and stock data here >>

Kraft Foods Inc. (NYSE:KFT): KFT shares recently traded at $36.50, up $0.34, or 0.94%. They have traded in a 52-week range of $30.21 to $36.90. Volume today was 4,289,966 shares versus a 3-month average volume of 9,181,280 shares. The company’s trailing P/E is 19.91, while trailing earnings are $1.83 per share. Get the most recent company news and stock data here >>

Pepsico, Inc. (NYSE:PEP): PEP shares recently traded at $64.88, up $0.9, or 1.41%. They have traded in a 52-week range of $58.50 to $71.89. Volume today was 4,586,928 shares versus a 3-month average volume of 8,534,280 shares. The company’s trailing P/E is 16.26, while trailing earnings are $3.99 per share. Get the most recent company news and stock data here >>

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