H.J. Heinz & Co. (HNZ) - Bull Of The Day

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H.J. Heinz & Co. (HNZ) - Bull Of The Day

By Zacks Investment Research on April 21, 2009 | More Posts By Zacks Investment Research | Author's Website

Growth in Heinz’s (HNZ) domestic businesses, strengthening international operations, and the reallocation of resources in favor of key brands are major positive trends for the H. J. Heinz Company.

Despite cost pressure from higher commodity costs, strong pricing of 3.5% to 4.5% has allowed the company to report positive earnings surprises in the last eleven quarters. Management expects net sales to increase by 6% in fiscal 2009 driven by new product introductions and positive pricing.

In addition, the stock’s valuation is attractive. A Buy rating was initiated in January.

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