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
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
3 Wall Street Analysts provided 1 year price targets over the past 3 months
3 analyst ratings
B of A Securities Bryan Spillane 40% 1-year accuracy 8 / 20 met price target | 7%upside $29 | Neutral Maintained | 20 Dec 2024 |
RBC Capital Nik Modi 31% 1-year accuracy 11 / 36 met price target | 7%upside $29 | Sector Perform Reiterated | 20 Dec 2024 |
Wells Fargo Chris Carey 33% 1-year accuracy 11 / 33 met price target | 3%upside $28 | Equal-Weight Maintained | 20 Dec 2024 |
Financial journalist opinion
Based on 26 articles about CAG published over the past 30 days
