Top 5 Dividend Companies To Buy Right Now: ConAgra Foods Inc.(CAG)
ConAgra Foods, Inc. operates as a food company primarily in North America. It operates in two segments, Consumer Foods and Commercial Foods. The Consumer Foods segment provides branded, private label, and customized food products, which are sold in various retail and foodservice channels. It offers products in various categories, such as meals, entrees, condiments, sides, snacks, and desserts in frozen, refrigerated, and shelf-stable temperature classes. This segment?s principal brands include Alexia, ACT II, Banquet, Blue Bonnet, Chef Boyardee, DAVID, Egg Beaters, Healthy Choice, Hebrew National, Hunt?s, Marie Callender?s, Orville Redenbacher?s, PAM, Peter Pan, Reddi-wip, Slim Jim, Snack Pack, Swiss Miss, Van Camp?s, and Wesson. The Commercial Foods segment provides commercially branded foods and ingredients that are sold to foodservice, food manufacturing, and industrial customers. Its primary products consist of specialty potato products, milled grain ingredients, a ran ge of vegetable products, seasonings, blends, and flavors. This segment sells products under brands, such as ConAgra Mills, Lamb Weston, and Spicetec Flavors & Seasonings. The company was founded in 1919 and is headquartered in Omaha, Nebraska.
Advisors' Opinion:- [By Shauna O'Brien]
Shares of ConAgra Foods Inc (CAG) plummeted on Wednesday morning after the company announced that it is lowering its fourth quarter outlook.
The company reported that it now expects fourth quarter results to be below expectations primarily due to weak Consumer Foods volume performance. CAG now expects to see a net loss of 76 cents per share. On an adjusted basis, EPS is expected to be55 cents (previously 60 cents). On average, analysts expect to see 62 cents per share in earnings.
“We are disappointed with the Consumer Foods volume performance, which negatively impacted comparable EPS,” noted Gary Rodkin, CEO of CAG.!
CAG Dividend SnapshotAs market close on June 17, 2014
Click here to see the complete history of CAG dividends.
ConAgra Foods shares were down $2.00, or 6.09% during premarket trading Wednesday. The stock is down 2.52% YTD.
source from Top Penny Stocks For 2015:http://www.seekpennystocks.com/top-5-dividend-companies-to-buy-right-now-2.html
No comments:
Post a Comment