ConAgra Foods Inc. (CAG): Today's Featured Consumer Goods Winner

ConAgra Foods ( CAG) pushed the Consumer Goods sector higher today making it today's featured consumer goods winner. The sector as a whole closed the day up 0.1%. By the end of trading, ConAgra Foods rose 22 cents (0.9%) to $25.53 on average volume. Throughout the day, 3.6 million shares of ConAgra Foods exchanged hands as compared to its average daily volume of 4.2 million shares. The stock ranged in a price between $25.18-$25.53 after having opened the day at $25.21 as compared to the previous trading day's close of $25.31. Other companies within the Consumer Goods sector that increased today were: Enova Systems ( ENA), up 87.5%, China Shengda Packaging Group ( CPGI), up 15.7%, Mattress Firm ( MFRM), up 7.3%, and Herman Miller ( MLHR), up 6.6%.

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 $10.48 billion and is part of the food & beverage industry. The company has a P/E ratio of 13.7, below the average food & beverage industry P/E ratio of 22.5 and below the S&P 500 P/E ratio of 17.7. Shares are down 4.4% 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 buy. The company's strengths can be seen in multiple areas, such as its 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.

On the negative front, Tufco Technologies ( TFCO), down 14.1%, Jakks Pacific Incorporated ( JAKK), down 11.2%, Jones Soda Company ( JSDA), down 8.6%, and Origin Agritech ( SEED), down 7%, were all losers within the consumer goods sector with PVH ( PVH) being today's consumer goods sector loser.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the consumer goods sector could consider iShares Dow Jones US Cons Goods ( IYK) while those bearish on the consumer goods sector could consider ProShares Ultra Sht Consumer Goods ( SZK).
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