date:Sep 11, 2013
ConAgra shares fell 6 percent to $31.56 in early trading on Tuesday on the New York Stock Exchange. The stock rose 14 percent this year to Monday close.
(The company's first-quarter performance) reflects the fact that they operate with a weaker brand portfolio relative to some of their larger branded packaged food peers, Morningstar Inc analyst Erin Lash told Reuters.
ConAgra's consumer foods business includes meals, condiments, snacks and desserts that are sold under brands such as ACT II pop