RBC Capital Reiterates Outperform on ConAgra Brands (CAG) Following 2Q Report
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ConAgra (CAG) PT Raised to $40 at Credit Suisse
December 23, 2016 7:43 AM ESTCredit Suisse analyst R. Moskow reiterated a Neutral rating and lifted his price target on ConAgra (NYSE: CAG) to $40.00 (from $35.00) following Q2 results that beat on EPS due to stronger margins despite a sales decline.
The analyst thinks the company can... More
Where's the Reddi-wip? ConAgra lowers product profile during shortage
December 22, 2016 4:47 PM ESTBy Tom Polansek
CHICAGO (Reuters) - Reddi-wip, the top-selling U.S. ready-made whipped cream, is going into hiding for the holidays.
ConAgra Brands (NYSE: CAG), maker of Reddi-wip, is scaling back on promotions and merchandising as the nation faces a shortage of ready-made whipped cream, Chief Executive Sean Connolly said in an interview on Thursday.
The short supply is due to an August explosion at an Airgas Inc facility in Florida that killed one worker and disrupted the supply of nitrous oxide, the gas used... More
Earnings Pressure Could Force Packaged Food M&A in 2017; Mondelez (MDLZ) and Pinnacle Foods (PF) Seen as Targets - RBC
December 22, 2016 10:58 AM ESTIn his 2017 packaged food sector outlook, RBC Capital analyst David Palmer said increasing earnings pressure and the potential for rising rates may pressure companies to pursue accretive M&A and additional cost savings programs.
He said lean-cost companies such as Conagra (NYSE: CAG), Pinnacle Foods (NYSE:... More
ConAgra's profit beat sends shares to record high
December 22, 2016 7:54 AM EST(Reuters) - ConAgra Brands Inc (NYSE: CAG), the maker of Chef Boyardee pasta and Orville Redenbacher's popcorn, reported a better-than-expected quarterly profit as the company benefited from less discounting and lower costs.
The company's shares rose as much as 3.68 percent to touch a record high of $39.40 in morning trading on Thursday.
The packaged foods maker has been trying to boost profit by investing in higher-margin products such as Reddi-wip whipped cream and Hunt's ketchup and clamping down on unprofitable... More
Retailers weigh on Wall Street, Dow 20,000 slips away
December 22, 2016 7:32 AM ESTBy Noel Randewich
(Reuters) - U.S. stocks fell on Thursday, weighed down by weakness in retailers, as investors stepped back from a recent rally fueled by optimism that President-elect Donald Trump will invigorate economic growth.
The decline pulled the Dow Jones industrial average further away from the 20,000 mark after it nearly breached that level this week for the first time.
Retail stocks fell after CNN reported Trump's transition team is considering a tariff of as much as 10 percent on imports. The S&P 500 consumer discretionary index lost 1.01 percent, its biggest one-day decline since October.
... MoreConAgra Brands (CAG) Tops Q2 EPS by 4c
December 22, 2016 7:30 AM ESTConAgra Brands (NYSE: CAG) reported Q2 EPS of $0.49, $0.04 better than the analyst estimate of $0.45. Revenue for the quarter came in at $2.09 billion versus the consensus estimate of $2.11 billion.
For earnings history and earnings-related data on ConAgra Brands (CAG) click here.
... MoreConagra (CAG) January volatility flat into Q2 and outlook
December 21, 2016 1:19 PM ESTConAgra Brands (NYSE: CAG) January call option implied volatility is at 29, February is at 27; compared to its 52-week range of 18 to 39 into Q2 December 22.
... More