Keep an eye on ConAgra Foods (NYSE:CAG) with the company's Investor Day event in full swing.
The early word from management is that the food giant will consider pruning more brands from its portfolio. CEO Sean Connolly also noted that ConAgra aims to be 91% branded food after the Lamb Weston spinoff.
Last week, RBC Capital suggested ConAgra was interested in a major acquisition such as Pinnacle Foods, but so far nothing from ConAgra execs leans in that direction.
Shares of ConAgra are up 0.41% on the day and trade fairly close to their 52-week high of $48.81.