ConAgra Foods Inc. (CAG): Food & Beverage's Featured Champion Of The Day

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

ConAgra Foods ( CAG) pushed the Food & Beverage industry higher today making it today's featured food & beverage winner. The industry as a whole closed the day down 0.1%. By the end of trading, ConAgra Foods rose 35 cents (1%) to $35.16 on average volume. Throughout the day, 3.8 million shares of ConAgra Foods exchanged hands as compared to its average daily volume of 3.7 million shares. The stock ranged in a price between $34.72-$35.17 after having opened the day at $34.75 as compared to the previous trading day's close of $34.81. Other companies within the Food & Beverage industry that increased today were: Tianli Agritech ( OINK), up 10.3%, Bridgford Foods Corporation ( BRID), up 5.8%, Pilgrims Pride ( PPC), up 3.7%, and Farmer Bros ( FARM), up 3.3%.
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ConAgra Foods, Inc. operates as a food company primarily in North America. The company operates through two segments, Consumer Foods and Commercial Foods. ConAgra Foods has a market cap of $14.36 billion and is part of the consumer goods sector. The company has a P/E ratio of 28.8, above the S&P 500 P/E ratio of 17.7. Shares are up 18% year to date as of the close of trading on Thursday. Currently there are eight analysts that rate ConAgra Foods a buy, no analysts rate it a sell, and four 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, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the negative front, Crumbs Bake Shop ( CRMB), down 33.7%, China Marine Food Group ( CMFO), down 4.9%, Adecoagro ( AGRO), down 4.1%, and Agria Corporation ( GRO), down 3.7%, were all laggards within the food & beverage industry with Green Mountain Coffee Roasters ( GMCR) being today's food & beverage industry laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the food & beverage industry could consider PowerShares Dynamic Food & Beverage ( PBJ) while those bearish on the food & beverage industry could consider PowerShares DB Agriculture Sht ETN ( ADZ).

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