Based on the aggregated intelligence of 130,000-plus investors participating in Motley Fool CAPS, the Fool's free investing community, food company ConAgra Foods (NYSE:CAG) has earned a respected four-star ranking.

With that in mind, let's take a closer look at ConAgra's business and see what CAPS investors are saying about the stock right now.

ConAgra facts

Headquarters (founded)

Omaha, Nebraska (1919)

Market Cap

$7.43 billion


Packaged Foods and Meats

Trailing-12-Month Revenue

$12.54 billion


President/CEO Gary Rodkin (since October 2005)

CFO John Gehring (since January 2009)

Major Brands

Chef Boyardee, Healthy Choice, Orville Redenbacher's, Peter Pan, Slim Jim

Return on Equity (over last three years)


Dividend Yield



General Mills (NYSE:GIS)

Kraft Foods (NYSE:KFT)

CAPS members bullish on CAG also bullish on

General Electric (NYSE:GE)


CAPS members bearish on CAG also bearish on

General Motors (NYSE:GM)

Bank of America (NYSE:BAC)

Sources: Capital IQ, a division of Standard & Poor's, and Motley Fool CAPS.

Over on CAPS, fully 148 of the 163 All-Star members who have rated ConAgra -- some 91% -- believe the stock will outperform the S&P 500 going forward. These bulls include All-Stars Bilifuduo and snootloop.

In January, Bilifuduo focused on ConAgra's improving costs as a possible catalyst: "Raw costs of commodities such as wheat and corn have dropped like lead weights. ConAgra, a food company owning brands such as Banquet, should be poised to profit nicely from these withdrawals."

In a pitch from last week, snootloop also tapped the stock as a tasty opportunity:

With a stable of brands such as Chef Boyardee, Marie Callendars, Banquest, Hunt's, and Healthy Choice, [ConAgra] has the goods to feed consumers looking for fair value at the store. CEO Rodkin reined in the price hikes that hurt some of their brands, especially Banquet, which will bode well going forward. The company has instituted cost controls and begun to focus on their more popular brands. At a PE of 6.5, I am licking my chops at this one.

Of course, after ConAgra's analyst-topping quarterly results last week, the stock isn't priced as cheaply today. Still, with forward P/E of 10.7 and scrumptious 4.6% yield, the stock looks priced to deliver some tasty returns.

Recent trends work in the company's favor. Consumers will continue to hunker down, and cooking more meals at home is simply the easiest way to do it. With ConAgra's lineup of well-known brands, the stock seems like a safe and cheap way to play that trend.

But what do you think about ConAgra Foods, or any other stock for that matter? Make your voice heard on Motley Fool CAPS today. More than 130,000 investors are waiting to hear what you have to say. CAPS is 100% free, so simply click here to get started.

Fool contributor Brian Pacampara owns no position in any of the companies mentioned. Kraft is a Motley Fool Income Investor recommendation. Apple is a selection of Stock Advisor. The Fool's disclosure policy always gets a perfect score.