Conagra Brands
About: Conagra Brands is a packaged food company that operates predominantly in the United States (over 90% of fiscal 2024 revenue). Most of its revenue comes from frozen food, including brands like Marie Callender's, Healthy Choice, Banquet, and Birds Eye. Conagra also sells snacks, shelf-stable staples, and refrigerated food through brands like Duncan Hines, Hunt's, Slim Jim, Vlasic, Orville Redenbacher's, Reddi-wip, Wish-Bone, and Chef Boyardee. The company primarily sells through the us retail channel, with just 9% of fiscal 2024 revenue coming from international markets and 10% from foodservice.
Employees: 18,500
0
Funds holding %
of 6,809 funds
0
Analysts bullish %
of 4 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
133% more call options, than puts
Call options by funds: $140M | Put options by funds: $59.8M
9% more capital invested
Capital invested by funds: $11.9B [Q2] → $13B (+$1.11B) [Q3]
0% more funds holding
Funds holding: 852 [Q2] → 852 (+0) [Q3]
0% more first-time investments, than exits
New positions opened: 109 | Existing positions closed: 109
3.94% less ownership
Funds ownership: 87.67% [Q2] → 83.73% (-3.94%) [Q3]
12% less repeat investments, than reductions
Existing positions increased: 284 | Existing positions reduced: 322
33% less funds holding in top 10
Funds holding in top 10: 3 [Q2] → 2 (-1) [Q3]
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$28
1%
upside
Avg. target
$30
7%
upside
High target
$32
16%
upside
4 analyst ratings
1 positive
25%
3 neutral
75%
0 negative
0%
Barclays Andrew Lazar 47% 1-year accuracy 8 / 17 met price target | 16%upside $32 | Overweight Maintained | 23 Dec 2024 |
B of A Securities Bryan Spillane 35% 1-year accuracy 7 / 20 met price target | 5%upside $29 | Neutral Maintained | 20 Dec 2024 |
RBC Capital Nik Modi 28% 1-year accuracy 10 / 36 met price target | 5%upside $29 | Sector Perform Reiterated | 20 Dec 2024 |
Wells Fargo Chris Carey 33% 1-year accuracy 11 / 33 met price target | 1%upside $28 | Equal-Weight Maintained | 20 Dec 2024 |
Financial journalist opinion
Based on 27 articles about CAG published over the past 30 days
Neutral
Accesswire
2 days ago
CAG STOCK ALERT: Levi & Korsinsky Notifies Conagra Brands, Inc. Investors of an Ongoing Investigation
NEW YORK, NY / ACCESSWIRE / December 23, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Conagra Brands, Inc. ("Conagra Brands, Inc.") (NYSE:CAG) concerning possible violations of federal securities laws. On October 2, 2024, Conagra reported 1Q 2025 financial results that reported a decrease in net sales.
Positive
Seeking Alpha
5 days ago
Conagra Brands: Still A Buy For Income
Conagra Brands remains a strong dividend-paying stock, yielding 5.3%, despite recent stagnation and inflationary pressures affecting the food industry. Recent earnings beat estimates with $3.2 billion in revenue, showing stabilizing volumes and a slight increase in organic net sales. Segment performance varied, with gains in Grocery & Snacks but declines in Refrigerated & Frozen, International, and Foodservice segments.
Neutral
Accesswire
5 days ago
Conagra Brands, Inc. Investigated Regarding Potential Securities Law Violations - Contact Levi & Korsinsky for Details - CAG
NEW YORK, NY / ACCESSWIRE / December 20, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Conagra Brands, Inc. ("Conagra Brands, Inc.") (NYSE:CAG) concerning possible violations of federal securities laws. On October 2, 2024, Conagra reported 1Q 2025 financial results that reported a decrease in net sales.
Negative
Investopedia
6 days ago
Reddi-wip Owner Conagra Brands' Stock Slides as Inflation Leads to Lowered Outlook
Conagra Brands (CAG) shares slid Thursday after the food giant lowered its profit outlook, citing a "challenging consumer environment."
Neutral
Zacks Investment Research
6 days ago
Conagra Lowers FY25 EPS Guidance Despite Q2 Earnings & Sales Beat
Conagra updates FY25 view in its Q2 release due to greater-than-expected inflation and adverse foreign exchange rates.
Neutral
Seeking Alpha
6 days ago
Conagra Brands, Inc. (CAG) Q2 2025 Earnings Q&A Call Transcript
Conagra Brands, Inc. (NYSE:CAG ) Q2 2025 Earnings Q&A Conference Call December 19, 2024 9:30 AM ET Company Participants Melissa Napier - Head of Investor Relations Sean Connolly - President and Chief Executive Officer David Marberger - Executive Vice President and Chief Financial Officer Matthew Neisius - Senior Director, Investor Relations Conference Call Participants Andrew Lazar - Barclays Kenneth Goldman - JPMorgan Christopher Carey - Wells Fargo Thomas Palmer - Citi Peter Galbo - Bank of America Robert Moskow - TD Cowen Alexia Howard - Bernstein Max Gumport - BNP Paribas Exane Robert Dickerson - Jefferies Leah Jordan - Goldman Sachs Operator Good morning and welcome to the Conagra Brands Second Quarter and First Half Fiscal 2025 Earnings Conference Call. All participants will be in listen-only mode.
Positive
Zacks Investment Research
6 days ago
Conagra Brands (CAG) Reports Q2 Earnings: What Key Metrics Have to Say
Although the revenue and EPS for Conagra Brands (CAG) give a sense of how its business performed in the quarter ended November 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Neutral
Seeking Alpha
6 days ago
Conagra Brands, Inc. (CAG) Q2 2025 Earnings Call Transcript
Conagra Brands, Inc. (CAG) Q2 2025 Earnings Call Transcript
Positive
Zacks Investment Research
6 days ago
Conagra Brands (CAG) Q2 Earnings and Revenues Beat Estimates
Conagra Brands (CAG) came out with quarterly earnings of $0.70 per share, beating the Zacks Consensus Estimate of $0.68 per share. This compares to earnings of $0.71 per share a year ago.
Negative
Market Watch
6 days ago
Food giant Conagra hikes its inflation outlook in a fresh sign of higher-for-longer prices
Conagra, which makes blockbuster supermarket brands such as Birds Eye and Healthy Choice, sees inflation close to 4%.
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