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 closed the day up 0.8%. By the end of trading, ConAgra Foods fell $1.97 (-6.3%) to $29.08 on heavy volume. Throughout the day, 15,383,528 shares of ConAgra Foods exchanged hands as compared to its average daily volume of 2,907,500 shares. The stock ranged in price between $28.60-$29.60 after having opened the day at $29.11 as compared to the previous trading day's close of $31.05. Other companies within the Food & Beverage industry that declined today were: Annie's ( BNNY), down 8.7%, Dean Foods Company ( DF), down 7.4%, Truett-Hurst Inc Class A ( THST), down 5.4% and Synutra International ( SYUT), down 4.9%.

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 $13.0 billion and is part of the consumer goods sector. Shares are down 7.9% year to date as of the close of trading on Monday. Currently there are 5 analysts that rate ConAgra Foods a buy, no analysts rate it a sell, and 6 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, reasonable valuation levels, good cash flow from operations, increase in net income and growth in earnings per share. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

On the positive front, Inventure Foods ( SNAK), up 14.5%, Green Mountain Coffee Roasters ( GMCR), up 7.7%, American Lorain ( ALN), up 7.3% and SodaStream International ( SODA), up 6.7% , were all gainers within the food & beverage industry with General Mills ( GIS) 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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