Below are the three companies in the Packaged Foods & Meats industry with the highest earnings yields. Earnings yield is useful to compare the relative benefit of owning a stock vs. owning other yield assets such as bonds. If the earnings yield is higher, stocks may be considered undervalued.

Imperial Sugar (NASDAQ:IPSU) is highest with an earnings yield of 35.1%. Imperial Sugar Company refines and processes refined sugar through cane sugar refineries, molasses desugarization facilities, and beet sugar factories. The Company also operates packaging, ingredient, warehouse distribution and terminal facilities.

Imperial Sugar (NASDAQ:IPSU) has potential upside of 102.5% based on a current price of $6.42 and analysts' consensus price target of $13.00. The stock should find initial resistance at its 50-day moving average (MA) of $7.08 and further resistance at its 200-day MA of $13.24.

China Marine Food Group (NASDAQ:CMFO) is next with an earnings yield of 32.9%. Thus far today, China Marine Food Group has traded 17,000 shares, vs. average volume of 45,000 shares per day. The stock has underperformed the Dow (-2.4% to the Dow's 0.1%) and underperformed the S&P 500 (-2.4% to the S&P's -0.5%) during today’s trading.

Finishing up the top three is Zhongpin (NASDAQ:HOGS), with an earnings yield of 21.3%.

Over the past year, Zhongpin has traded in a range of $6.60 to $25.00 and is now at $8.70, 32% above that low. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has slid 1.2%.

SOURCE: fnno


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