The Snack of the Year
Finally, creativity and innovation firm Sterling-Rice Group recently identified the top 10 food trends poised to hit supermarkets. One of the most decisive: “Popcorn is THE snack of 2013.”
If that’s the case, it’s good news for brands like PepsiCo’s (NYSE:PEP) Smart White Cheddar Popcorn, ConAgra’s (NYSE:CAG) Orville Redenbacher’s or Diamond Foods’ (NASDAQ:DMND) PopSecret.
Of course, these are all diversified food companies, so popcorn alone isn’t going to propel them to stellar gains. At the same time, a little extra popcorn-pop sure wouldn’t hurt. And if popcorn becomes the next yogurt — which food giants have been rushing to get into this year — these companies will at least be ahead of the game.
As of this writing, Alyssa Oursler did not hold a position in any of the aforementioned securities.
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