Stocks In Focus: General Mills, Inc. (NYSE:GIS), SunPower Corporation (NASDAQ:SPWR), Berry Plastics Group Inc (NYSE:BERY)

On Monday, Shares of General Mills, Inc. (NYSE:GIS), remained flat and closed at $63.88 in the last trading session. The last trading range of the stock ranges between $63.38 and $64.02. The General Mills Board of Directors recently declared a quarterly dividend at the prevailing rate of $0.48 per share, payable November 1, 2016, to shareholders of record as of October 10, 2016.  General Mills (GIS) current annualized dividend rate of $1.92 per share represents a boost of 8 percent over the annual dividend of $1.78 paid in fiscal 2016.

In actions at the company’s 88th annual meeting held recently in Minneapolis, shareholders elected the 13 directors nominated, approved the compensation plan for non-employee directors, cast an advisory vote approving the company’s compensation for its named executive officers, and ratified the appointment of KPMG LLP as the company’s independent auditor for fiscal 2017.

SunPower Corporation (NASDAQ:SPWR), dropped -2.35% and closed at $8.71 in the last trading session. The last trading range of the stock ranges between $8.71 and $9.09. The company’s Market capitalization is $1.19 Billion with the total Outstanding Shares of 138.15 million. SunPower Corporation designs, manufactures, and delivers solar systems to residential, commercial, and power plant customers worldwide. It operates through three segments: Residential, Commercial, and Power Plant. The company provides solar power components, counting panels and other system components. It also offers commercial rooftop and ground-mounted solar power systems, residential mounting systems, and power plant systems, in addition to utility-scale photovoltaic power plants. In addition, the company offers operations and maintenance services, counting remote monitoring, and preventative and corrective maintenance services, in addition to rapid-response outage restoration services. Further, it leases solar power systems to residential customers; and sells inverters manufactured by third parties.

Berry Plastics Group Inc (NYSE:BERY), lost -1.35% and closed at $43.26 in the last trading session. The last trading range of the stock ranges between $42.63 and $43.65. During the 52-week trading session the minimum price at which share price traded, registered at $27.79 and reached to max level of $46.26. Recently, the Board of Directors of Berry Plastics Group, Inc. (BERY) declared that Thomas E. (Tom) Salmon has been unanimously elected as Berry’s President and Chief Operating Officer effective October 3, 2016. As President and Chief Operating Officer, Salmon will be responsible for the Company’s operating businesses, operations, supply chain, and procurement. Salmon presently serves as President of the Company’s Consumer Packaging Division.

The Company also declared that its Chairman and Chief Executive Officer, Jonathan D. (Jon) Rich, has informed the Board of Directors of his intention to retire as Chief Executive Officer effective in February 2017. Upon his retirement, Rich will continue to serve as Executive Chairman of the Board.

“The creation of the President and Chief Operating Officer role is the next step in our ongoing succession process. Tom’s background, experience and track record of success leading multiple Berry divisions throughout his career with the Company make him eminently qualified to take on this important leadership role,” said Rich. “Berry is well positioned to continue the success we have achieved since our IPO in 2012. The Company has a strong leadership team and the time is right for the next generation to take Berry into the future. I look forward to continuing my role with the Company as Executive Chairman.”

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