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Performance of ConAgra Foods in a Competitive Market

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Sep. 24 2015, Updated 11:07 a.m. ET

ConAgra Foods and its peers

For 1Q16, gross profit margins for ConAgra Foods (CAG), J.M. Smucker (SJM), Pinnacle Foods (PF), and PepsiCo (PEP) were 25.08%, 37.33%, 26.77%, and 55.11%, respectively.

The 1Q16 balance sheets show that current ratios for ConAgra Foods (CAG), J.M. Smucker (SJM), Pinnacle Foods (PF), and PepsiCo (PEP) were 0.96, 1.99, 2.05, and 1.07, respectively.

The 1Q16 PB (price-to-book) value ratios for ConAgra Foods (CAG), J.M. Smucker (SJM), Pinnacle Foods (PF), and PepsiCo (PEP) were 3.99x, 1.89x, 2.98x, and 8.34x, respectively.

According to the above findings, competitors have outperformed ConAgra Foods based on gross profit margin and current ratio.

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ETFs that invest in ConAgra Foods

The Guggenheim S&P 500 Equal Weight Consumer Staples ETF (RHS) invests 2.95% of its holdings in ConAgra Foods. RHS tracks an equal-weighted index of large-cap US consumer staples stocks drawn from the S&P 500.

The PowerShares Dynamic Food & Beverage ETF (PBJ) invests 2.73% of its holdings in ConAgra Foods. PBJ tracks a multifactor, tiered, equal-weighted index of US food industry stocks.

The Guggenheim Mid-Cap Core ETF (CZA) invests 2.03% of its holdings in ConAgra Foods. The ETF tracks the Zacks Mid-Cap Core Index, a proprietary selected portfolio of 100 mid-cap stocks that seek to outperform pure market-cap indexes.

ConAgra Foods compared to its ETFs

The year-to-date price movements of ConAgra Foods (CAG), RHS, PBJ, and CZA are 10.72%, 4.45%, 6.66%, and -1.34%, respectively.

The PB (price-to-book) value ratios of ConAgra Foods (CAG), RHS, PBJ, and CZA are 3.99x, 5.08x, 4.06x, and 2.18x, respectively.

Based on price movement, ConAgra Foods has outperformed its ETFs.

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