ConAgra Foods Inc raised its full-year earnings forecast on expectations that recent acquisitions and increased marketing will boost sales, sending shares of the maker of Chef Boyardee pastas and Hunt's ketchup to a 13-year high.ConAgra's shares rose as much as 3 percent to $30.80, before easing back to $30.29, on the New York Stock Exchange on Thursday morning.ConAgra now expects per-share earnings of at least $2.06 for the year ending May 13, compared to its earlier forecast of $2.03 to $2.06 and analysts' average estimate of $2.07.The company last month announced the $5 billion acquisition of Ralcorp Holdings Inc that will make it the top U.S. producer of private-label foods that stores brand as their own. .
ConAgra Foods, Inc. (ConAgra Foods) is a food company. Shares of CAG traded higher by 1.0% or $0.3/share to $30.26. 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 3086306.
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 traded higher by 0.03% or $0.03/share to $89.23. 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 811264.
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