Hints and tips:
...Part of the reason may have been a soft earnings report from ConAgra, the packaged food company. The chief executive said consumers were stretched and cutting back on spending....
...But that still looks expensive compared with other food producers such as Hormel and Conagra, both of which are profitable and boast growing sales....
...It used to be owned by ConAgra, until it was spun out and listed in 2016, and is now valued at almost $12bn....
...ConAgra Brands is reviewing the future of its Mrs Butterworth’s line of syrups and pancake mixes, which come in bottles shaped as a figure of a matronly woman — another image linked with servitude....
...Within hours of an announcement from PepsiCo that it was ditching its Aunt Jemima baking ingredients label, Mars said it was reviewing the Uncle Ben’s trademark and Conagra Brands said it was evaluating...
...The likes of comfort foodmakers such as Mondelez, Hershey and ConAgra have seen their shares trade relatively flat as well. Coke has steadfastly stuck to beverages....
...The company was spun off from ConAgra, the maker of Reddi-wip and Orville Redenbacher, in 2016....
...The exact terms of the deal were not immediately available but people briefed about the transaction said that Pinnacle and Conagra reached a definitive agreement on Tuesday night....
...Other consumer food giants were also weaker: •JM Smucker down 4.2 per cent to $120.40 •ConAgra Foods down 3.8 per cent to $35.03 •Campbell Soup down 2.9 per cent to $41.84 •Hershey off 2.15 per cent...
...Ten years ago, it would have been difficult to imagine Japan Inc letting such a high-profile prize be gobbled up by Wall Street, but today, say the bolder voices in the PE industry, “the taboo has been lifted...
...Gladden most recently worked as the CFO at Mondelēz International and formerly in the same role at Dell Inc....
...ConAgra Foods recently merged its operations in Omaha with its suburban Illinois office to create a new head office in Chicago’s imposing Merchandise Mart building....
...Jon Harris, a friend who worked for her both there and at PepsiCo before joining ConAgra, says she advised him it was good “to be tough, as you owe it to shareholders, but it’s never an excuse to be mean...
...Last year, Gogo, the in-flight internet company, became the latest corporation to move its headquarters from the suburbs to downtown Chicago, following the likes of Motorola Solutions, ConAgra, and Kraft...
...ConAgra shares have advanced 8.4 per cent so far this year. The rise in ConAgra shares came alongside a mixed day on Wall Street as volume remained weak following the long weekend....
...ConAgra Foods rose after the group swung to a profit in the quarter to February 28....
...ConAgra shares jumped 4 per cent to $40.93 after the company said it would split into two public companies....
...ConAgra shares rose 3 per cent to $40.80, pushing the gain this year to 12.5 per cent....
...Food group ConAgra has found Jana Partners at its door, Carl Icahn targeted Freeport-McMoRan, American International Group and eBay, while Starboard Value has launched campaigns against Macy’s, Advance Auto...
...The Ralcorp that ConAgra bought was just the private label unit. Almost immediately Ralcorp was a source of grief for ConAgra....
...ConAgra also raised its adjusted earnings forecast for this fiscal year to a range of $2.15-$2.19 per share compared with analysts’ estimates of $2.14 per share....
...ConAgra shares led the S&P 500, advancing 5 per cent to $33.48, after the company reported first-quarter profits ahead of Wall Street expectations....
...Heading into earnings season, McCormick & Co, ConAgra Foods, General Mills, Walgreens and Darden Restaurants have all extolled their discipline over costs....
...On Tuesday, ConAgra Foods, which makes Hunt’s ketchup, lowered its forecast for its fiscal year, while Kellogg last week cited difficulties in its core breakfast cereal category....
...ConAgra earned $1.85 a share during the previous fiscal year....
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