) pushed the Food & Beverage industry higher today making it today's featured food & beverage winner. The industry as a whole closed the day down 1.8%. By the end of trading, ConAgra Foods rose 66 cents (2.7%) to $25.26 on heavy volume. Throughout the day, 11.4 million shares of ConAgra Foods exchanged hands as compared to its average daily volume of 4.1 million shares. The stock ranged in a price between $24.88-$25.71 after having opened the day at $24.96 as compared to the previous trading day's close of $24.60. Other companies within the Food & Beverage industry that increased today were:
), up 3.6%,
), up 2.9%,
), up 1.9%, and
), up 1.7%.
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ConAgra Foods, Inc. operates as a food company primarily in North America. It operates in two segments, Consumer Foods and Commercial Foods. The Consumer Foods segment provides branded, private label, and customized food products, which are sold in various retail and foodservice channels. ConAgra Foods has a market cap of $10.4 billion and is part of the
sector. The company has a P/E ratio of 13.3, equal to the average food & beverage industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are down 5.2% year to date as of the close of trading on Wednesday. Currently there are three analysts that rate ConAgra Foods a buy, no analysts rate it a sell, and eight rate it a hold.
TheStreet Ratings rates ConAgra Foods as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, attractive valuation levels, compelling growth in net income and increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows low profit margins.
- You can view the full ConAgra Ratings Report.
On the negative front,
), down 8.9%,
), down 8%,
), down 6.8%, and
), down 6.6%, were all losers within the food & beverage industry with
) being today's food & beverage industry loser.
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For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the food & beverage industry could consider
) while those bearish on the food & beverage industry could consider
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