ConAgra Foods, Inc. (NYSE:CAG)
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A North America's packaged food company serving grocery retailers, as well as restaurants and other foodservice establishments.
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A North America's packaged food company serving grocery retailers, as well as restaurants and other foodservice establishments.
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Latest earnings report disclosed 8.9% revenue growth, much better than almost all of their competitors. The recently announced plan to purchase private label RAH, broadens their reach in consumer packaging. Margins will improve as a result of improved raw costs and addition of private label packaging. Volume trends are improving.
Shares of ConAgra Foods (CAG) have a 3.40% dividend yield, based on last night’s closing stock price of $29.39. The stock has technical support in the $27-$28 area. Worthy of 1/4 down, right here, right now... Hope that fiscal cliff fears drive weak shareholders to dump shares into my waiting portfolio...