CONAGRA FOODS INC. $37 - New York symbol CAG

CONAGRA FOODS INC. $37 (New York symbol CAG; Income Portfolio, Consumer sector; Shares outstanding: 424.5 million; Market cap: $15.7 billion; Price-to-sales ratio: 0.9; Dividend yield: 2.7%; TSINetwork Rating: Above Average; www.conagrafoods .com) owns 50% of a plant in the Netherlands that makes frozen potato products; Holland-based Meijer Frozen Food owns the other 50%.

The partners now plan to increase this facility’s capacity by mid-2016. That will help them meet fast-food chains’ rising demand for french fries.

The joint venture has enough cash flow to cover the expansion’s $150-million cost, so ConAgra won’t have to commit any additional funds.

ConAgra is a buy.

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