- Keep an eye on ConAgra Foods (NYSE:CAG) with the company's Investor Day event in full swing.
- The early word from management is that the food giant will consider pruning more brands from its portfolio. CEO Sean Connolly also noted that ConAgra aims to be 91% branded food after the Lamb Weston spinoff.
- Last week, RBC Capital suggested ConAgra was interested in a major acquisition such as Pinnacle Foods, but so far nothing from ConAgra execs leans in that direction.
- ConAgra Investor Day webcast
- Shares of ConAgra are up 0.41% on the day and trade fairly close to their 52-week high of $48.81.