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 1.2%. By the end of trading, ConAgra Foods fell $0.38 (-1.3%) to $28.56 on heavy volume. Throughout the day, 8,789,227 shares of ConAgra Foods exchanged hands as compared to its average daily volume of 3,320,600 shares. The stock ranged in price between $28.55-$28.96 after having opened the day at $28.94 as compared to the previous trading day's close of $28.94. Other companies within the Food & Beverage industry that declined today were: S&W Seed Company ( SANW), down 4.3%, Cresud ( CRESY), down 2.5% and Key Technology ( KTEC), down 2.1%.

(1) 2000-Seaboard sold its Poultry Division to ConAgra (Chatt, TN ) Poultry Division of Seaboard Corp. produces and markets poultry products for foodservice industry and restaurants. The division operates six processing facilities in Georgia, Kentucky, and Tennessee. ConAgra Foods has a market cap of $12.3 billion and is part of the consumer goods sector. Shares are down 14.1% year to date as of the close of trading on Wednesday. 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 generally high debt management risk by most measures that we evaluated.

On the positive front, Amira Nature Foods ( ANFI), up 5.6%, Crystal Rock Holdings ( CRVP), up 5.5%, Green Mountain Coffee Roasters ( GMCR), up 4.9% and China New Borun Corporation ( BORN), up 4.8% , were all gainers within the food & beverage industry with PepsiCo ( PEP) 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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