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ConAgra Foods, Inc. (CAG)

- NYSE
  • Fri, Feb. 13, 5:36 PM
    • Top gainers, as of 5:15 p.m.: IRWD +5.9%. HK +5.0%. EGY +4.8%. CAG +4.3%. TTS +3.5%.
    • Top losers, as of 5:15 p.m.: PES -9.7%. LOGM -7.7%. HOS -7.2%. THRX -6.4%. BTU -6.3%.
    | 3 Comments
  • Thu, Feb. 12, 4:39 PM
    • ConAgra (NYSE:CAG) selects former Hillshire Brands president and CEO Sean Connolly as its new CEO, replacing Gary Rodkin, effective April 6.
    • Connolly led Hillshire from the time of its formation as an independent company in 2012 to its sale to Tyson Foods in Aug. 2014; prior to that, he led Sara Lee's North American Retail and Foodservice unit.
    • Rodkin had announced his impending retirement last August.
    • Earlier: ConAgra -1.1% after lowering profit guidance
    | 1 Comment
  • Thu, Feb. 12, 4:30 PM
    • ConAgra (NYSE:CAG) lowers profit guidance due to the impact of the strong U.S. dollar.
    • The company also concedes taking a loss on some commodity hedges.
    • 2015 EPS of $2.13-$2.28 expected vs. $2.26 consensus.
    • CAG -1.1% after hours.
    | 1 Comment
  • Wed, Jan. 28, 1:14 PM
    • Popcorn isn't so boring, according to a report from Rabobank.
    • The ready-to-eat popcorn category has seen growth rates of 25% as more millennials latch onto favored brands for snacking.
    • Strong innovation from smaller players has boosted sales at the expense of some microwave popcorn brands from larger companies.
    • P-E firms have taken notice of the potential and are active in the sector:
    • Popcorn sellers with an eye on the trend include ConAgra (NYSE:CAG), Target (NYSE:TGT) through a private label brand, 1-800-Flowers.com (NASDAQ:FLWS), Snyder's-Lance (NASDAQ:LNCE), Diamond Foods (NASDAQ:DMND), PepsiCo (NYSE:PEP), and even Berkshire Hathaway.
    | 3 Comments
  • Mon, Jan. 12, 10:45 AM
    • Citigroup downgrades a number of food stocks on its view higher consumer spending in the sector may already by priced into share prices.
    • Exposure to global markets also poses a risk due to currency swings and uneven demand, say analysts.
    • The investment firm takes the rating on ConAgra (CAG -1%), Mondelez International (MDLZ -0.8%), and Kellogg (K -0.9%) to Neutral from Buy.
    • McCormick & Company (MKC -0.8%), Kraft Foods Group (KRFT), and Campbell Soup (CPB) are all moved to Sell from Neutral.
    | 5 Comments
  • Dec. 18, 2014, 8:15 AM
    • ConAgra Foods (NYSE:CAG) reports Consumer Food segment sales fell 1.9% to $1.98B in FQ2.
    • Commercial Foods segment sales were up 1.9% to $1.12B.
    • Private brands segment sales dropped 4.8% to $1.05B.
    • Gross margin rate declined 133 bps to 21.41%.
    • Segment profit: Consumer Foods: $301.7M (+5.5%); Commercial Foods: $148.1M (+16.0%); Private brands: -$202.3M.
    • FY2015 Guidance: Adjusted EPS: mid-single digit rate growth Y/Y; Operating cash flow: $1.6B to $1.7B; Debt: reduce by $1.0B.
    • CAG -0.27% premarket
    | Comment!
  • Dec. 18, 2014, 7:40 AM
    • ConAgra Foods (NYSE:CAG): FQ2 EPS of $0.61 in-line.
    • Revenue of $4.15B (-1.7% Y/Y) misses by $50M.
    • Press Release
    | Comment!
  • Dec. 17, 2014, 5:30 PM
  • Dec. 4, 2014, 11:04 AM
    • ConAgra Foods (CAG -0.4%) says its joint venture with Meijer Frozen Food will invest $150M to expand a frozen potato plant in Netherlands.
    • The second production line is expected to be fully operational in the middle part of 2016.
    | Comment!
  • Dec. 2, 2014, 11:28 AM
    • ConAgra Foods(NYSE:CAG) declares $0.25/share quarterly dividend, in line with previous.
    • Forward yield 2.73%
    • Payable March 3; for shareholders of record Jan 30; ex-div Jan 28.
    | Comment!
  • Oct. 9, 2014, 10:58 AM
    • Consumer staples stocks continue to persevere amid a broad market decline.
    • The Consumer Staples Select ETF (NYSEARCA:XLP) is +1.9% over the last 5 days vs. the -1.3% showing of the S&P 500 ETF.
    • Today, PepsiCo (PEP +1.5%) is doing some of the heavy lifting following its Q3 earnings report - while a number of meat stocks are also contributing including Pilgrim's Pride (PPC +1.3%), ConAgra Foods (CAG +1.8%), Hormel (HRL +0.7%), Seneca Foods Corp. (SENEA +0.7%), Diamond Foods (DMND +1.1%), Tyson Foods (TSN), and Sanderson Farms (SAFM +0.7%) .
    | 1 Comment
  • Sep. 24, 2014, 11:01 AM
    • Food stocks are topping market averages as investors shift to a more defensive stance.
    • The sector is also getting a look with grain, corn, meat, and rice prices moderating on improved global supplies.
    • On the move: Post Holdings (NYSE:POST) +2.0%, Dean Foods (NYSE:DF) +1.0%, Sanderson Farms (NASDAQ:SAFM) +1.7%, Diamond Foods (NASDAQ:DMND) +1.5%, Flower Foods (NYSE:FLO) +1.3%, Hain Celestial (NASDAQ:HAIN) +1.6%, General Mills (NYSE:GIS) +0.7%, ConAgra (NYSE:CAG) +1.1%, Kraft Foods (NASDAQ:KRFT) +1.0%, Tyson Foods (NYSE:TSN) +1.5%, Seaboard (NYSEMKT:SEB) +2.7%.
    | Comment!
  • Sep. 19, 2014, 8:45 AM
    • ConAgra Foods (NYSE:CAG) declares $0.25/share quarterly dividend, in line with previous.
    • Forward yield 2.99%
    • Payable Dec. 2; for shareholders of record Oct. 31; ex-div Oct. 29.
    | Comment!
  • Sep. 18, 2014, 9:06 AM
    • Shares of ConAgra Foods (NYSE:CAG) rise in early action after some tight expense control helped the company best FQ1 EPS estimates.
    • The company also backed its FY15 guidance.
    • CAG +2.7% premarket
    | Comment!
  • Sep. 18, 2014, 7:47 AM
    • ConAgra Foods (NYSE:CAG) beat estimates in FQ1, despite a slip in sales, as SG&A expenses were 8.6% lower than a year ago and its interest expense fell by 12.6% during the period.
    • Segment revenue growth: Consumer Foods -1% to $1.63B; Commercial Foods +1.8% to $1.09B; Private Brands -1.7% to $980M.
    | 2 Comments
  • Sep. 18, 2014, 7:32 AM
    • ConAgra Foods (NYSE:CAG): FQ1 EPS of $0.39 beats by $0.04.
    • Revenue of $3.7B (-0.5% Y/Y) in-line.
    • Press Release
    | Comment!
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Company Description
ConAgra Foods Inc is a packaged foods company. It sells its products through grocery, convenience, mass merchandise, club, and drug stores.