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ConAgra Foods, Inc. (CAG)

  • Sep. 10, 2013, 9:32 AM
    • ConAgra (CAG -4%) lowers its outlook for FY14 EPS to $2.34-$2.38 vs. $2.40 prior and $2.42 consensus.
    • The company says soft sales in its Consumer Foods segment is dragging down expectations for the fiscal year.
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  • Aug. 26, 2013, 8:25 AM
    • ConAgra Foods (CAG) recalls some Kroger (KR)-branded cookie dough packages due to a risk to customers with peanut allergies.
    • The company says it's working in cooperation with the FDA.
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  • Jul. 16, 2013, 1:50 PM
    ConAgra Foods, Inc. (CAG) declares $0.25/share quarterly dividend. Forward yield 2.72%. For shareholders of record July 31. Payable Aug. 30. Ex-div July 29. (PR)
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  • Jul. 10, 2013, 8:28 AM
    Glencore (GLCNF.PK, GLNCY.PK) reportedly is looking to sell its Dakota Growers Pasta business as it continues to divest assets acquired from its $6B purchase of Canadian grain handler Viterra last year. A deal for the third-largest U.S. pasta maker could fetch $300M-$400M; companies such as ConAgra (CAG) and Ebro Foods also may be interested.
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  • Jul. 3, 2013, 5:05 PM
    Oklahoma and other wheat-growing states reportedly are joining the Justice Department's probe into a proposal by ConAgra (CAG), Cargill and CHS to combine their U.S. flour milling businesses into a venture that would control a third of U.S. capacity. The states are concerned that the new venture would have the power to illegally push down prices received by farmers for their wheat.
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  • Jun. 27, 2013, 10:40 AM
    Heard during ConAgra Food's (CAG +6.1%) earnings call: 1) There's no doubt the purchase of Ralcorp was a game-changer as the company's volumes held up even with prices higher. 2) One unidentified major foodservice customer didn't renew a large potato order which impacted EPS by $0.06-$0.07. 3) Milling operations will be rolled into a joint venture with Cargill which well help reduce costs and will be accretive to earnings within a couple of years. 4) The long-term outlook for earnings growth is taken to 7%-9% from prior guidance of 6%-8%. (webcast)
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  • Jun. 27, 2013, 7:42 AM
    More on ConAgra Food's (CAG) FQ4: Results include contributions from the company's acquisition of Ralcorp which is expected to add $300M in cost-related synergies by the end of FY17. Consumer Foods organic volume was up 3% during the quarter to help take sales up to $2.3B - even with an unfavorable impact from lower price/mix. Sales in the Commercial Foods segment rose 4% while operating profit was 13% higher. (PR)
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  • Jun. 27, 2013, 7:33 AM
    ConAgra (CAG): FQ4 EPS of $0.60 beats by $0.01. Revenue of $4.59B misses by $0.02B. (PR)
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  • Jun. 27, 2013, 12:05 AM
    Notable earnings before Thursday’s open: CAG, KBH, MKC, CMC, SJR, SCHN, WOR
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  • Jun. 26, 2013, 5:30 PM
    Notable earnings before Thursday’s open: CAG, KBH, MKC, CMC, SJR, SCHN, WOR
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  • Jun. 26, 2013, 8:21 AM
    Consumer Staples watch: Major U.S. food companies (GIS, K, CPB, POST, CAG) have been swept up in a rush by investors to dividend-paying consumer staples (XLP) but the tide could be turning with Treasury yields higher and earnings reports from the group looking uninspiring. Rahul Sharma notes the higher exposure to emerging markets of companies like Coca-Cola (KO), Philip Morris (PM), and PepsiCo (PEP) looks appealing with Western shoppers increasingly focused on pricing and volume gains hard to come by.
  • Jun. 11, 2013, 11:36 AM
    UBS suggests 11 dividend growing stocks to buy for income; each has a dividend yield of at least 2.5%, has increased its payout ratio by more than 5% during the past year, and has positive consensus EPS growth over the next 12 months: WMB, ESV, NUE, JNJ, CAG, KLAC, CSCO, BBT, AAPL, BAX, F.
  • Apr. 26, 2013, 3:42 PM
    Looking for dividend picks, Marketwatch screens the S&P 1,500 for 1) Stock trades at less than a 17x PE 2) Dividend yield 20% or more higher than S&P 500 3) Raised dividend at least 5 times in last 5 years 4) S&P Quality Rank of B+ or better. The winners: T, AVA, BAX, CAH, CAG, ED, JNJ, LG, TAP, RAI, SCG, UVV, WR, XEL.
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  • Apr. 22, 2013, 1:14 PM
    Spending on food for cats and dogs continues to surprise with industry sales threatening to topple the $20B mark this year. While many sectors are feeling the effect of consumer pulling back on spending, pet food companies have been able to keep their pricing power strong. Pet picks: Procter & Gamble (PG -0.3%), Colgate Palmolive (CAG -0.1%), Nestle (NSRGY.PK), Fresh Del Monte (FDP +0.2%).
  • Apr. 3, 2013, 8:59 AM
    ConAgra Foods (CAG) declares $0.25/share quarterly dividend, in line with prior. Forward yield 2.81%. For shareholders of record Apr. 30. Payable May 31. Ex-div date Apr. 26. (PR)
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  • Apr. 3, 2013, 7:55 AM
    More on ConAgra's (CAG) FQ3: The company's Consumer Foods segment saw sales increase 7% Y/Y to $2.30B with acquisitions, pricing, and product mix helping to make up for a decline in organic volume. Sales for the Commercial Foods segment rose 1% to $1.256B with market conditions turning toward ConAgra's favor. The company reaffirms FY13 EPS of $2.15, in-line with consensus. CAG -2.4% premarket. (PR)
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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.