Food Products Report

May 30, 2011

Buy ($175)

Topics covered: Increased R&D, Higher Input Costs, Focus on Brand Equity

Companies covered: Fairchild Semiconductor International, Inc. (NASDAQ:FCS), Walmart Inc. (NYSE:WMT), Safeway Inc. (NYSE:SWY), Ralcorp Holdings Inc., McCormick & Company, Incorporated (NYSE:MKC), Kraft Foods Inc., Kellogg Company (NYSE:K), Hershey Company (The) (NYSE:HSY), HJ Heinz Co., General Mills, Inc. (NYSE:GIS), Dean Foods Company (NYSE:DF), Campbell Soup Company (NYSE:CPB), Costco Wholesale Corporation (NASDAQ:COST), Conagra Brands Inc. (NYSE:CAG), Tractor Supply Company (NASDAQ:TSCO), Target Corporation (NYSE:TGT), PetSmart, Inc (NASDAQ:PETM), Inventure Foods, Inc. (NASDAQ:SNAK)