ConAgra Foods Inc, the maker of Chef Boyardee pasta and Hunt's ketchup, raised its full-year earnings forecast after reporting better-than-expected second-quarter results on acquisitions and strong sales in its consumer foods business.ConAgra's shares rose as much as 3 percent to a 13-year high of $30.80 in morning trading on the New York Stock Exchange on Thursday.ConAgra said last month it would purchase Ralcorp Holdings Inc for $5 billion, catapulting itself to be the top U.S. producer of private-label foods that stores brand as their own. .The company, which sells brands such as Act II, Hebrew National, Marie Callender's and Orville Redenbacher's in its consumer foods business, said its full-year earnings forecast does not include any benefit from the Ralcorp buy.
ConAgra Foods, Inc. (ConAgra Foods) is a food company. Shares of CAG traded higher by 1.3% or $0.39/share to $30.35. In the past year, the shares have traded as low as $23.64 and as high as $30.55. On average, 3978450 shares of CAG exchange hands on a given day and today's volume is recorded at 1416984.
Ralcorp Holdings, Inc. (Ralcorp) is engaged in manufacturing, distributing and marketing private-brand food products and other regional and value-brand food products in the grocery, mass merchandise, drugstore and foodservice channels. Shares of RAH remained unchanged at $89.20. In the past year, the shares have traded as low as $59.28 and as high as $89.86. On average, 1220120 shares of RAH exchange hands on a given day and today's volume is recorded at 301775.
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