Trade-Ideas LLC identified ConAgra Foods ( CAG) as an unusual social activity candidate. In addition to specific proprietary factors, Trade-Ideas identified ConAgra Foods as such a stock due to the following factors:

  • CAG has 14x the normal benchmarked social activity for this time of the day compared to its average of 1.77 mentions/day.
  • CAG has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $152.6 million.

Identifying stocks with 'Unusual Social Activity' tends to be a valuable process for traders looking to capitalize on the 'talk of the town' stocks that are basking in far more attention from the StockTwits financial community than normal. Good press? Bad press? It ultimately doesn't matter if it's good or bad if you know how to trade around the sentiment. Certain hedge funds use such data for their proprietary algorithms and it is not uncommon to see shared social sentiment play itself out in a stock's price trend.

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More details on CAG:

ConAgra Foods, Inc. operates as a food company primarily in North America. The company operates through three segments: Consumer Foods, Commercial Foods, and Private Brands. The stock currently has a dividend yield of 2.2%. Currently there are 5 analysts that rate ConAgra Foods a buy, no analysts rate it a sell, and 3 rate it a hold.

The average volume for ConAgra Foods has been 3.1 million shares per day over the past 30 days. ConAgra has a market cap of $19.4 billion and is part of the consumer goods sector and food & beverage industry. The stock has a beta of 0.19 and a short float of 1.5% with 1.96 days to cover. Shares are up 8.5% year-to-date as of the close of trading on Friday.

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TheStreetRatings.com Analysis:

TheStreet Quant Ratings rates ConAgra Foods as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, solid stock price performance and good cash flow from operations. We feel its strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.

Highlights from the ratings report include:
  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Food Products industry. The net income increased by 1449.0% when compared to the same quarter one year prior, rising from $10.00 million to $154.90 million.
  • Looking at where the stock is today compared to one year ago, we find that it is not only higher, but it has also clearly outperformed the rise in the S&P 500 over the same period, despite the company's weak earnings results. Looking ahead, unless broad bear market conditions prevail, we still see more upside potential for this stock, despite the fact that it has already risen over the past year.
  • Net operating cash flow has increased to $251.20 million or 36.44% when compared to the same quarter last year. Despite an increase in cash flow, CONAGRA FOODS INC's cash flow growth rate is still lower than the industry average growth rate of 80.01%.
  • CONAGRA FOODS INC's earnings per share declined by 24.5% in the most recent quarter compared to the same quarter a year ago. The company has suffered a declining pattern of earnings per share over the past two years. However, we anticipate this trend to reverse over the coming year. During the past fiscal year, CONAGRA FOODS INC swung to a loss, reporting -$1.05 versus $0.35 in the prior year. This year, the market expects an improvement in earnings ($2.34 versus -$1.05).
  • CAG, with its decline in revenue, underperformed when compared the industry average of 8.8%. Since the same quarter one year prior, revenues slightly dropped by 1.4%. Weakness in the company's revenue seems to have hurt the bottom line, decreasing earnings per share.

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