ConAgra Foods Inc. (CAG): Today's Featured Food & Beverage 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 Food & Beverage industry lower today making it today's featured Food & Beverage laggard. The industry as a whole was unchanged today. By the end of trading, ConAgra Foods fell $2.02 (-6.0%) to $31.54 on heavy volume. Throughout the day, 19,046,726 shares of ConAgra Foods exchanged hands as compared to its average daily volume of 2,899,400 shares. The stock ranged in price between $30.64-$32.53 after having opened the day at $32.31 as compared to the previous trading day's close of $33.56. Other companies within the Food & Beverage industry that declined today were: Agria Corporation ( GRO), down 7.8%, Tianli Agritech ( OINK), down 7.1%, Primo Water ( PRMW), down 4.6% and China Marine Food Group ( CMFO), down 4.2%.

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 $14.2 billion and is part of the consumer goods sector. Shares are up 13.8% year to date as of the close of trading on Monday. 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, SkyPeople Fruit Juice ( SPU), up 10.0%, S&W Seed Company ( SANW), up 4.6%, SodaStream International ( SODA), up 4.3% and Industrias Bachoco S.A.B. de C.V ( IBA), up 4.2% , were all gainers within the food & beverage industry with Leucadia National Corporation ( LUK) being today's featured food & beverage industry leader.

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).

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