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Stock Market & Financial Investment News

News Breaks
February 19, 2013
07:31 EDTCAGConAgra raises FY13 EPS view to $2.15, consensus $2.13
Sees Ralcorp adding 5c to FY13 EPS. The company currently expects Ralcorp to add approximately 25c to FY14 diluted EPS, adjusted for items impacting comparability. Given the debt utilized to purchase Ralcorp, ConAgra Foods will focus on aggressive debt reduction through the end of fiscal 2015. The company plans to maintain its strong $1.00/share dividend throughout that period, and will evaluate dividend increases once its near-term debt reduction goals have been met.
News For CAG From The Last 14 Days
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August 2, 2015
13:32 EDTCAGTreeHouse shares could gain 20% in next 12-18 months, Barron's says
Shares of private-label food company TreeHouse (THS) could rise more than 20% to $100 in the next 12-18 months, Barron's contends in a feature article, noting that millennials appear more open to purchasing private-label products. The publication adds that TreeHouse's potential acquisition of ConAgra's (CAG) Ralcorp unit could be one of several boons for the stock. Reference Link
July 30, 2015
08:15 EDTCAGConAgra says removes all BPA from cans across portfolio
ConAgra Foods announced that all of the company’s facilities in the U.S. and Canada have completed the transition to cans without Bisphenol A liners. While ConAgra Foods began canning some food in non-BPA lined cans in 2010, other foods required a different approach, due to their acidity or other characteristics. Extensive research and trials to find safe, long-lasting and economical packaging led the company to Ardagh Group, a global leader in glass and metal packaging solutions. Ardagh invested in capacity and capability to meet ConAgra Foods’ needs, and began providing the company non-BPA cans earlier this year. The cans are made in new, state-of-the-art production facilities using advanced technologies that allow for use of different coating systems using polyester or acrylic materials that do not contain BPA. As of July 30, all ConAgra Foods canned foods made in its U.S. and Canadian facilities will be packaged in cans with non-BPA liners. The company does import into the U.S. and Canada a small quantity of canned products with BPA liners and is working with the suppliers of these products to convert to non-BPA liners by early 2016.
July 29, 2015
06:35 EDTCAGTreeHouse, Post join bidding war for ConAgra's Ralcorp, Reuters reports
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