Premium processed & packaged goods company ConAgra Foods, Inc.'sCAG Peter Pan brand recently strengthened its product portfolio by introducing Peter Pan Simply Ground, a modification in its peanut butter category.
Made from freshly ground peanuts, Peter Pan Simply Ground peanut butter contains sugar, roasted peanuts, salt and vegetable oils. The product is an ideal snacking spread considering that it is kosher-certified, contains zero trans fat, and is free from cholesterol and gluten.
ConAgra's new peanut butter is a protein-rich product that comes at affordable price. The item will be available in all leading grocery stores nationwide, at an initial retail price of $3.39.
Moving Forward
ConAgra is one of the leading food companies in North America, catering to grocery retailers, restaurants and other foodservice establishments, with a popular presence in 97% of American households. The company also has a strong business-to-business presence, supplying potato and other vegetables, spices and grain products to a variety of well-known restaurants, foodservice operators and commercial customers.
We believe introduction of the new product would not only reinforce ConAgra's existing portfolio but also help enhance its revenues, going ahead.
Stocks to Consider
ConAgra currently carries a Zacks Rank #3 (Hold). Better-ranked stocks in the industry include Amplify Snack Brands, Inc. BETR , Boulder Brands, Inc. BDBD and Ingredion Incorporated INGR . All three stocks hold a Zacks Rank #2 (Buy).
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
