ConAgra Foods Inc. (CAG): Today's Featured Food & Beverage Winner

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 was unchanged today. By the end of trading, ConAgra Foods rose $0.60 (1.7%) to $35.46 on light volume. Throughout the day, 2,419,197 shares of ConAgra Foods exchanged hands as compared to its average daily volume of 3,371,600 shares. The stock ranged in a price between $34.86-$35.52 after having opened the day at $34.89 as compared to the previous trading day's close of $34.86. Other companies within the Food & Beverage industry that increased today were: Castle Brands Incorporated ( ROX), up 8.8%, Amira Nature Foods ( ANFI), up 5.5%, Chiquita Brands International ( CQB), up 3.2% and Leading Brands ( LBIX), up 3.1%.
  • EXCLUSIVE OFFER: Jim Cramer's Protege, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

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 $14.5 billion and is part of the consumer goods sector. The company has a P/E ratio of 29.2, above the S&P 500 P/E ratio of 17.7. Shares are up 18.8% year to date as of the close of trading on Friday. Currently there are 8 analysts that rate ConAgra Foods a buy, no analysts rate it a sell, and 4 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, Central European Distribution ( CEDC), down 9.3%, Post Holdings ( POST), down 5.7%, Primo Water ( PRMW), down 3.9% and Coca-Cola Hellenic Bottling Company S.A ( OCCH), down 2.8%.

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).

Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100%. See his top picks for 14-days FREE.

null

More from Markets

Dow Futures Plunge, Global Markets Rocked as Trump Takes Trade War to Next Level

Dow Futures Plunge, Global Markets Rocked as Trump Takes Trade War to Next Level

Asia Markets Fall on Latest Tariff Threats From Trump

Asia Markets Fall on Latest Tariff Threats From Trump

Google Invests in JD.com; Comcast-Disney Battle Nears Head -- ICYMI

Google Invests in JD.com; Comcast-Disney Battle Nears Head -- ICYMI

REPLAY: Jim Cramer on Tariff Worries, Oil, Alphabet and Centene

REPLAY: Jim Cramer on Tariff Worries, Oil, Alphabet and Centene

Video: Athens Stock Exchange CEO on What's Next for Greece's Debt Woes

Video: Athens Stock Exchange CEO on What's Next for Greece's Debt Woes