Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
) pushed the Food & Beverage industry higher today making it today's featured food & beverage winner. The industry as a whole closed the day up 0.9%. By the end of trading, ConAgra Foods rose $0.36 (1.1%) to $32.81 on light volume. Throughout the day, 2,323,215 shares of ConAgra Foods exchanged hands as compared to its average daily volume of 4,309,900 shares. The stock ranged in a price between $32.44-$32.93 after having opened the day at $32.48 as compared to the previous trading day's close of $32.45. Other companies within the Food & Beverage industry that increased today were:
), up 11.7%,
), up 5.8%,
), up 5.2% and
), up 5.1%.
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ConAgra Foods, Inc. operates as a food company primarily in North America. The company operates through four segments: Consumer Foods, Commercial Foods, Ralcorp Food Group, and Ralcorp Frozen Bakery Products. ConAgra Foods has a market cap of $13.8 billion and is part of the consumer goods sector. The company has a P/E ratio of 20.8, above the S&P 500 P/E ratio of 17.7. Shares are up 10.0% year to date as of the close of trading on Tuesday. Currently there are 5 analysts that rate ConAgra Foods a buy, no analysts rate it a sell, and 6 rate it a hold.
TheStreet Ratings rates
. The company's strengths can be seen in multiple areas, such as its robust revenue growth and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
- You can view the full ConAgra Foods Ratings Report.
On the negative front,
), down 2.4%,
), down 2.2%,
), down 2.2% and
), down 1.9%.
- Use our food & beverage section to find industry-relevant news.
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) while those bearish on the food & beverage industry could consider
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