This Food Stock Has Investors' Heads Spinning
Editor's note: The following video incorrectly states that shares of Dean Foods have doubled year to date. Shares have more than doubled over the past 12 months.
In the following video, Brenton and Austin discuss some big news in the organic-foods arena. We all know that the organic-food craze has caught on with the general public, but the industry's stock-price performance also has investors clammoring for more opportunities. Those demands were met today when, in addition to reporting blowout quarterly results, Dean Foods announced that it's spinning off a division of the company containing Silk soy milk and Horizon organic milk brands, among others. The stock soared as a result, closing the day 40% higher. While the amount of the spinoff isn't finalized yet, the company's looking to raise around $300 million through a public offering, an amount it will use to clean up its balance sheet as it focuses on its non-organic business lines.
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The article This Food Stock Has Investors' Heads Spinning originally appeared on Fool.com.Austin Smith owns shares of PepsiCo. Brenton Flynn has no positions in the stocks mentioned above. The Motley Fool owns shares of Dean Foods, Hain Celestial, PepsiCo, and Whole Foods Market. Motley Fool newsletter services recommend PepsiCo, Hain Celestial, and Whole Foods Market. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.