Food products company,
ConAgra Foods, Inc.
) recently expanded its product offerings by launching 23
variants in the frozen meals section. This step was taken to
promote in-house dining in place of dining at restaurants.
The launched offerings includes meals and desserts from brands
like Bertolli and P.F. Chang's and will be available in the
frozen goods departments at supermarkets. The Bertolli brand
comes in meals for one or two and Bertolli desserts, whereas P.F.
Chang's offers meals for two. The company intends to build on the
retailers' initiative to expand supermarkets' reach.
A few days back, ConAgra had taken another step to expand its
presence in the industry. Chef Boyardee, one of the company's
brands, united with
) to give ConAgra's consumers a taste alongside the opportunity
to own the new Xbox. The company intends to reward five buyers
daily from Dec 2, 2013 to Feb 18, 2014, with the latest Xbox, on
winning a contest involving specially marked cans and microwave
cups of Chef Boyardee.
With such initiatives taken to improve the market share,
ConAgra is likely to grow over the coming quarters. The company
is expected to release its fiscal second-quarter 2014 results on
Dec 19. ConAgra currently has a Zacks Consensus Estimate of 55
cents for the quarter.
ConAgra's market capitalization is $13.9 billion and it is a
Zacks Rank #2 (Buy) stock. Other stocks worth considering in the
food industry include
The Hain Celestial Group, Inc.
Pinnacle Foods Inc.
), both with a Zacks Rank #2.
CONAGRA FOODS (CAG): Free Stock Analysis
HAIN CELESTIAL (HAIN): Free Stock Analysis
MICROSOFT CORP (MSFT): Free Stock Analysis
PINNACLE FOODS (PF): Free Stock Analysis
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