NEW YORK ( TheStreet) -- Inventure Foods (SNAK), Pilgrim's Pride (PPC), Tyson Foods (TSN), General Mills (GIS) and Kraft Foods (KFT) are food stocks with up to 66% upside, based on analysts' estimates.
These stocks have mean upside value of 29% over the next 12 months, according to analysts polled by Bloomberg.
5. General Mills (GIS) is a global manufacturer and marketer of consumer foods sold through retail stores. The company has manufacturing facilities in 15 countries and a marketing network in more than 100 countries.
Net sales grew 9% to $3.85 billion during the first quarter of fiscal 2012. Bakeries and international operations, accounting for two-fifths of the revenue pie, grew 13% and 30%, respectively, higher than the 3% U.S. retail segment growth with sales of $2.5 billion.Cash from operating activities increased to $441 million in the quarter, up from $178 million from the same quarter last year due to a reduction in working capital during the period. During the first quarter, General Mills repurchased three million shares of stock for a consideration of $110 million. Management has reaffirmed fiscal 2012 earnings per share guidance of $2.59 to $2.61. The stock is trading at 15.1 times its estimated 2011 earnings.
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