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

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 higher today making it today's featured food & beverage winner. The industry as a whole closed the day up 0.3%. By the end of trading, ConAgra Foods rose $0.40 (1.4%) to $29.99 on average volume. Throughout the day, 4,620,063 shares of ConAgra Foods exchanged hands as compared to its average daily volume of 3,555,000 shares. The stock ranged in a price between $29.65-$30.32 after having opened the day at $30.20 as compared to the previous trading day's close of $29.59. Other companies within the Food & Beverage industry that increased today were: Primo Water ( PRMW), up 7.3%, Crumbs Bake Shop ( CRMB), up 7.0%, Fomento Economico Mexicano SAB de CV ( FMX), up 4.2% and Coffee Holding Company ( JVA), up 4.1%.

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 $12.5 billion and is part of the consumer goods sector. Shares are down 11.5% 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 negative front, Crystal Rock Holdings ( CRVP), down 10.8%, Agria Corporation ( GRO), down 5.0%, American Lorain ( ALN), down 3.4% and Chiquita Brands International ( CQB), down 2.6%.

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).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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