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

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.

ConAgra Foods ( CAG) pushed the Consumer Goods sector lower today making it today's featured Consumer Goods laggard. The sector as a whole closed the day down 0.5%. By the end of trading, ConAgra Foods fell $0.60 (-1.6%) to $36.00 on average volume. Throughout the day, 2,436,102 shares of ConAgra Foods exchanged hands as compared to its average daily volume of 3,152,600 shares. The stock ranged in price between $35.99-$36.61 after having opened the day at $36.56 as compared to the previous trading day's close of $36.60. Other companies within the Consumer Goods sector that declined today were: China Automotive Systems ( CAAS), down 20.9%, Tianli Agritech ( OINK), down 11.9%, Standard Register Company ( SR), down 7.4% and Furniture Brands International ( FBN), down 7.3%.

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 $15.4 billion and is part of the food & beverage industry. Shares are up 24.1% year to date as of the close of trading on Tuesday. Currently there are 7 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 robust revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and reasonable valuation levels. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.

On the positive front, Primo Water ( PRMW), up 13.9%, Steinway Musical Instruments ( LVB), up 7.9%, Mannatech ( MTEX), up 6.2% and Lifeway Foods ( LWAY), up 4.2%.

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).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.