J & J Snack Foods announces partnership with General Mills J&J Snack Foods Corp. (JJSF) announced a new partnership with General Mills (GIS) to introduce Pillsbury Mini Pies. These frozen dessert squares will be available in three varieties: Apple Cinnamon, S'mores and Chocolate Lava. These pies will be sold at retailers nationwide in frozen dessert sections, as well as in warehouse clubs.
General Mills to use only cage-free eggs by 2025, Reuters reports General Mills plans to use only cage-fee eggs in its U.S. operations by 2025, reports Reuters. The company had said it was working toward using cage-free eggs in its products in July, but this is a the first time a packaged food company has given a timeline. Reference Link
Hain Celestial weakness looks overdone, says Bernstein Bernstein notes that Hain Celestial (HAIN) is now trading at a lower valuation than a number of "ostensibly more challenged food companies like" Kellogg (K) and General Mills (GIS). The firm expects the company to benefit over the longer term from current food trends. It trimmed its price target on the name to $50 from $60 and keeps an Outperform rating.