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ConAgra Foods, Inc. (CAG) operates as a food company primarily in North America. It operates in two segments, Consumer Foods and Commercial Foods. The Consumer Foods segment provides branded, private label, and customized food products, which are sold in various retail and foodservice channels.

It is scheduled to report its Q4 2012 results on June 21, 2012, before the market opens.

Recent EPS Actuals vs. Estimates

The company has met or beaten analysts' estimates in the last two quarters. In the last quarter it reported $0.51 EPS, beating analyst estimates of $0.49.

The consensus EPS is $0.50 based on 9 analysts' estimates, up from $0.47 a year ago. Revenue estimates are $3.39B, up from $3.21B a year ago. The median target price by analysts for the stock is $28.00.

Average recommendation: Overweight

Source: Marketwatch

Key Metrics

  • Market Cap: 10.31B
  • 52-week trading range: 22.20 - 27.34
  • Trailing P/E: 13.41
  • Forward P/E: 12.86
  • Price/Sales: 0.80
  • Price/Book: 2.07
  • PEG Ratio: 2.19
  • Total Debt: 3.02B
  • Annual dividend yield: 3.80%
  • Return on Equity: 16.17%
  • Return on Assets: 6.71%

Latest Developments

  • On May 22, 2012, ConAgra Foods, Inc. announced that it has acquired Kangaroo Brands` pita chip business. Based in Milwaukee, WI, Kangaroo Brands is in private label pita chips and generates approximately $20 million in annual revenue.
  • On May 15, 2012, ConAgra Foods, Inc. announced that it has closed its acquisition of Odom's Tennessee Pride, a producer of frozen and refrigerated breakfast sandwiches and sausage.
  • On April 17, 2012, ConAgra Foods, Inc. announced that it has agreed to acquire Odom's Tennessee Pride, a producer of frozen and refrigerated breakfast sandwiches and sausage.
  • On April 5, 2012, ConAgra Foods, Inc. announced that the board of directors have approved a dividend payment of $0.24 per common share to be paid on June 1, 2012, to stockholders of record at the close of business on April 30, 2012.
  • On March 6, 2012, ConAgra Foods, Inc. announced that it has completed its acquisition of Del Monte Canada, based in Toronto, Canada, from an affiliate of Sun Capital Partners.
  • On December 20, 2011, ConAgra Foods, Inc. announced that the company continues to expect fiscal 2012 full-year diluted earnings per share (EPS), adjusted for items impacting comparability, to grow at a low- to mid-single-digit rate over the comparable $1.75 earned last fiscal year.

Competitors

ConAgra Foods, Inc. operates in Processed & Packaged Goods industry. The company could be compared to Campbell Soup Co. (CPB), McCormick & Co. Inc. (MKC), The J. M. Smucker Company (SJM), and Sara Lee Corp. (SLE). Below is the table comparison of the most important ratios between these companies and the industry.

Below is the chart comparison with the stock price changes as a percentage for the selected companies and S&P 500 index for the last one year period.

(click to enlarge)CAG Chart

CAG data by YCharts

Competitors' Latest Development

  • On June 11, 2012, Campbell Soup Company announced it has purchased 1300 Admiral Wilson Boulevard in Camden, from Camden Gateway Properties, I, LLC. The 4-acre property includes the vacant Sears building.
  • On June 7, 2012, The J.M. Smucker Company announced that for fiscal 2013, it expects net sales to increase approximately 7%, compared to 2012, including an incremental eight-month contribution from the Sara Lee foodservice business, non-GAAP income per diluted share to range from $5.00 to $5.10, excluding special project costs of approximately $0.50 per diluted share.
  • On June 1, 2012, Sara Lee Corporation announced that its board of directors has unanimously approved the separation of its international Coffee & Tea business ("CoffeeCo") from Sara Lee Corp.
  • On May 16, 2012, Sara Lee Corporation announced that it has closed a private placement of $650 million of senior notes. The offering consisted of $232,000,000 of 3.60% senior notes due May 15, 2019, $120,000,000 of 3.81% senior notes due May 15, 2020, $124,000,000 of 4.03% senior notes due May 15, 2021, and $174,000,000 of 4.20% senior notes due May 15, 2022 (collectively, the Notes).
  • On May 3, 2012, Sara Lee Corporation updated fiscal 2012 guidance. The Company expects adjusted EPS to fall in the middle of the $0.89-$0.95 range. The company expects net sales and operating income will meet objectives at the low end of their respective guidance ranges.
  • On April 17, 2012, McCormick & Company, Inc. announced that on long term, the company expects to achieve annual growth of 4%-6% in sales, 7%-9% operating income and 9%-11% earnings per share.
  • On April 10, 2012, Sara Lee Corporation announced the acquisition of Expresso.Coffee, a business specialized in selling espresso coffee in the out-of-home small business, vending and bakeries (padarias) segments in Brazil, for an undisclosed amount.
  • On March 28, 2012, McCormick & Company, Inc. announced that its Board of Directors declared a quarterly dividend of $0.31 per share on its common stocks payable April 23, 2012, to shareholders of record on April 9, 2012.
  • On March 27, 2012, McCormick & Company, Inc. reaffirmed guidance for fiscal 2012 and expects sales are projected to grow 9% to 11% in local currency. Based on current rates, the company estimates a 2% reduction in sales from the impact of foreign currency exchange rates.
  • On March 26, 2012, The J.M. Smucker Company announced that it has acquired a non-controlling minority interest in Guilin Seamild Biologic Technology Development Co., Ltd., a privately owned manufacturer and marketer of oats products headquartered in Guilin in the Guangxi province of China, for approximately $35 million.
  • On March 2, 2012, Sara Lee Corporation announced that it has received a Private Letter Ruling and is now able to provide additional details about spin-off of international Coffee & Tea business.
  • On February 17, 2012, Campbell Soup Company confirmed its previous fiscal 2012 guidance. Campbell expects net sales growth to be between 0% and 2%, a decline in adjusted EBIT of between (9)% and (7)% and a decline in adjusted EPS of between (7)% and (5)%, putting adjusted EPS in the range of $2.35 to $2.42, from fiscal 2011 adjusted base of $2.54.
  • On February 16, 2012, The J.M. Smucker Company announced that due to the impact of the third quarter results and an expected continuation of volume softness in the fourth quarter, as compared with the prior year, the company is lowering its net sales and earnings guidance for fiscal 2012.
  • On February 2, 2012, Sara Lee Corporation reaffirmed fiscal 2012 guidance and expects adjusted earnings per share in the range of $0.89-$0.95, net sales of $7.9-$8.15 billion and adjusted operating income (including acquisitions) in the range of $875-$930 million.
  • On January 27, 2012, The J.M. Smucker Company announced that it has declared a $0.48 per share dividend on the common shares of the company to be paid on March 1, 2012, to shareholders of record at the close of business on February 10, 2012.
  • On January 26, 2012, McCormick & Company, Inc. announced that for fiscal 2012, it expects sales to grow 9%-11% in local currency. Earnings per share are expected to be in the range of $3.01-$3.06.
  • On January 26, 2012, Sara Lee Corporation announced that the Board of Directors has declared a regular quarterly dividend of $.115 per share on the corporation`s common stock, payable on April 9, 2012.
  • On January 26, 2012, Sara Lee Corporation announced that it has agreed to enter into a nine-year exclusive partnership with Philips on Philips-branded consumer coffee systems that will drive innovation and expansion into new markets for its SENSEO coffee brand.
  • On January 4, 2012, The J.M. Smucker Company announced that it has completed the acquisition of a majority of the North American foodservice coffee and hot beverage business of Sara Lee Corporation (Sara Lee) in an all cash transaction.
  • On January 4, 2012, The J.M. Smucker Company announced that it has completed the acquisition of a majority of the North American foodservice coffee and hot beverage business of Sara Lee Corporation (Sara Lee) in an all cash transaction.
  • On January 3, 2012, Sara Lee Corporation announced that it has acquired Tea Forté, a Massachusetts based company in the ultra-premium tea category, for an undisclosed sum.

Technical Insight


Conagra Foods has been trading in a downtrend recently. It is currently below 50 and 200 SMA on the daily chart.

Sources: Yahoo Finance, Google Finance, Marketwatch, Finviz, Reuters.

Source: ConAgra Foods Releases Earnings On Thursday