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 7,139 funds
0
Analysts bullish %
of 6 analysts
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
50% more funds holding in top 10
Funds holding in top 10: 2 [Q3] → 3 (+1) [Q4]
0.99% more ownership
Funds ownership: 84.43% [Q3] → 85.42% (+0.99%) [Q4]
7% less funds holding
Funds holding: 857 [Q3] → 800 (-57) [Q4]
10% less repeat investments, than reductions
Existing positions increased: 274 | Existing positions reduced: 306
14% less capital invested
Capital invested by funds: $13.1B [Q3] → $11.3B (-$1.78B) [Q4]
15% less call options, than puts
Call options by funds: $69.5M | Put options by funds: $81.7M
16% less first-time investments, than exits
New positions opened: 103 | Existing positions closed: 123
Research analyst outlook
6 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$26
1%
upside
Avg. target
$29
11%
upside
High target
$32
24%
upside
6 analyst ratings
1 positive
17%
5 neutral
83%
0 negative
0%
Stifel Matthew Smith 57% 1-year accuracy 17 / 30 met price target | 1%upside $26 | Hold Maintained | 19 Feb 2025 |
Wells Fargo Chris Carey 48% 1-year accuracy 21 / 44 met price target | 5%upside $27 | Equal-Weight Maintained | 18 Feb 2025 |
JP Morgan Ken Goldman 45% 1-year accuracy 5 / 11 met price target | 12%upside $29 | Neutral Maintained | 3 Jan 2025 |
Barclays Andrew Lazar 35% 1-year accuracy 7 / 20 met price target | 24%upside $32 | Overweight Maintained | 23 Dec 2024 |
B of A Securities Bryan Spillane 39% 1-year accuracy 9 / 23 met price target | 12%upside $29 | Neutral Maintained | 20 Dec 2024 |
Financial journalist opinion
Based on 19 articles about CAG published over the past 30 days
Neutral
CNBC Television
18 hours ago
Final Trades: Uber, Conagra, UnitedHealth and MP Materials
The Investment Committee give you their top stocks to watch for the second half.
Positive
Seeking Alpha
2 days ago
10 Ideal 'Safer' January Dividend Buys, Out Of 40 Choices From Readers
Before January 31, 2025, my REaders mentioned 40 equities in their comments on my articles. Some bad-news investments (ROgues) mixed with (mostly) FAvorites. Thus, readers spoke-up about the ReFa/Ro. Ten analyst-target-estimated TOP-NET-GAIN ReFa/Ro: CAG, VZ, DOW, PFE, MRK GOGL, PK, PBR FRO, and TRMD averaged 40.36% net gains from reader data collected 2/17/25. Ten analysts target-augured January TOP-PRICE-UPSIDE reader faves & rogues (ReFa/Ro) were: CAG, VZ, PBR, DOW, PFE, GOGL, TRMD, PK, MRK, & FRO, boasting a 27.91% average target price upside estimate.
Negative
Seeking Alpha
2 days ago
Conagra: Facing Numerous Challenges, But Value Can't Be Denied (Rating Upgrade)
Conagra Brands has struggled since spinning off Lamb Weston, with shares down 35% over the past eight years. Conagra's stock has entered deep value territory, trading at just 10x forward earnings while offering a 5.8% dividend yield. The company has struggled to grow revenues and is facing operational challenges, but the current price now reflects those headwinds.
Negative
The Motley Fool
3 days ago
Why Conagra Stock Tumbled by Nearly 6% on Tuesday
The market didn't find the stock of Conagra Brands (CAG -5.46%) very tasty on the first trading day of the week after the holiday weekend. On the back of significantly lowered guidance, investors collectively traded out of the veteran packaged foods company to the point where the shares lost almost 6% of their value.
Negative
Market Watch
3 days ago
Conagra's stock falls as factory upgrade and inflation weigh on profit view
Food giant cites inventory problems with frozen meals containing chicken, as well as with frozen vegetables.
Negative
Zacks Investment Research
3 days ago
Conagra Brands Revises Fiscal 2025 Outlook, Prepares for Growth
CAG updates fiscal 2025 outlook, highlighting challenges, growth strategies and long-term plans.
Negative
Schwab Network
3 days ago
Inflation & Strong Dollar Weighs on Conagra Brands
While inflation has fallen from the high of prior years, Conagra Brands (CAG) says that a strong U.S. dollar, a frugal U.S. consumer and supply chain disruptions hurt its margins. Jenny Horne has the latest on why Conagra isn't the only food company facing headwinds.
Positive
24/7 Wall Street
4 days ago
Sticky Inflation Won't Go Away: 4 High-Yield Dividend Stocks That Always Work
While the recent inflation data is undoubtedly far better than the 9.1% increase printed in the summer of 2022, many Americans still face the reality that prices for everyday necessities like food, energy, and other necessities remain very elevated.
Neutral
PRNewsWire
4 days ago
Conagra Brands to Unveil New Innovations and Discuss Updated 2025 Outlook at CAGNY Conference
Updated Fiscal 2025 Outlook Reflects Temporary Service Constraints and Impact of Foreign Exchange; Long-Term Targets Unchanged CHICAGO , Feb. 17, 2025 /PRNewswire/ -- Conagra Brands, Inc. (NYSE: CAG) announced that its upcoming presentation at the annual Consumer Analyst Group of New York (CAGNY) Conference will detail Conagra's advantaged market position, perspective on the evolving consumer environment, and unique focus on the science of growth. Conagra will also preview a series of new innovations expected to launch in calendar year 2025 and provide detail on its updated fiscal 2025 financial guidance.
Neutral
24/7 Wall Street
6 days ago
Baby Boomers Should Play It Very Safe in 2025 With These 5 Dividend Blue Chips
Blue chip dividend stocks are shares of large, well-established companies considered less risky and more financially stable than other stocks. They are often industry leaders with strong brand names and reputations and a history of consistent growth.
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