Conagra Foods Executive Summary

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Company Overview ConAgra Foods is a powerhouse in the food industry from food supply to food related services. These services include food for consumers, private brands, and even commercial food brands for businesses such as restaurants. ConAgra started shaping the food industry in 1919 when Nebraska Consolidated Mills changed its name. Alva Kinney was the man behind the creation of ConAgra, and he stayed as the president of the company until 1936 when he retired. It became ConAgra, Inc. in 1971 and later known as ConAgra Foods in 2000. The first name changes purpose was to show that the company would be growing. ConAgra means “in partnership with the land.” The main operational divisions of ConAgra are its Consumer brands, private brands,…show more content…
The top shareholders in the company are held by institutions and mutual funds. As of May 31st, 2015, the company has neither an increase nor a decrease in cash and short term investments. This number in comparison to last year (2014) is up from a decrease of $800,000. In regards to the company making money, they have had a positive gross income for the last 4 years, but the company’s net income used to calculate basic earnings per share is negative as of May 31st, 2015. The growth in earnings of stock seems to be in an increase, and there is a predicted growth in earnings through 2017. The earnings per share have increased consistently since 2010, and the EPS growth rate is at 6.4% for the next 3-5 years. The current earnings per share are $2.18, and the price earnings ratio is 22.3152. Based on these factors, it is probably best to hold on to the shares of ConAgra Foods. The yield rate is 2.36% which makes for a relatively low turnover rate. These statistics are very similar to competitors such as Campbell Soup and Kellogg. Their earnings per share are $3.84 and $2.64, and the current consensus recommends that stockholders should also hold their

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