As of December 10, 2015, Diamond Foods closed at $38.6. It was trading 12.7% above its 100-day moving average, 3.6% above its 50-day moving average, and 5.5% below its 20-day moving average. The stock fell 0.27% during the last month. The company has shown positive EPS (earnings per share) growth in the last fiscal year, contributing to the stock price’s performance.
Diamond’s peers in the industry include B&G Foods (BGS), ConAgra Foods (CAG), J.M. Smucker (SJM), and Flowers Foods (FLO). B&G Foods (BGS) closed at $34.7, or 1.6% above its 100-day and 4.6% below its 50-day, as well as 4.5% below its 20-day moving average. It rose 4% during November.
ConAgra closed at $40.3, or 3.8% below its 100-day, 1.7% below its 50-day moving average, and 0.8% below its 20-day moving average. Also, Smucker is trading 6%, 3.5%, and 2.1% above its 100-day, 50-day, and 20-day moving averages, respectively, and has gained 3.2% in the last month.
Flowers Foods fell 13% in November and is trading 10.2%, 13.7%, and 7.2% below its 100-day, 50-day, and 20-day moving averages, respectively. In addition, SJM and FLO closed at $122.0 and $21.6 on December 10, respectively.
The PowerShares Dynamic Food and Beverage (PBJ) invests 3.8% of its portfolio in DMND, 2.6% in CAG, and 2.7% in FLO. The ETF is trading 0.7% below its 100-day moving average, 1.1% below its 50-day moving averages, and 0.2% below its 20-day moving average. It fell 3% during the last month. Finally, it closed at $32.5 on December 10.
Analysts’ estimates indicate upsides of 10% for BGS, 11% for CAG, 5% for SJM, and 12% for FLO from their current level on December 10 for the next 12-month period. Meanwhile, Diamond Foods has already beaten analyst estimates of around $36.8 on December 10.
As of December 10, DMND, BGS, SJM, CAG, and FLO reported positive YTD (year-to-date) returns of 36.6%, 16.2%, 20.8%, 11.1%, and 12.8%, respectively. The ETF also reported positive YTD returns of 6.5%.
In the next part of the series, we’ll see how the company performed in its recent reported fiscal 1Q16 and what led to the stock price performance.