CAG stock icon

Conagra Brands

27.24 USD
-0.58
2.08%
At close Dec 6, 4:00 PM EST
After hours
27.25
+0.01
0.04%
1 day
-2.08%
5 days
-1.16%
1 month
-5.74%
3 months
-16.80%
6 months
-7.79%
Year to date
-7.75%
1 year
-7.35%
5 years
-5.74%
10 years
-26.46%
 

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 6,794 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
$29
6%
upside
Avg. target
$32
17%
upside
High target
$34
25%
upside

4 analyst ratings

positive
0%
neutral
100%
negative
0%
Wells Fargo
Chris Carey
46% 1-year accuracy
13 / 28 met price target
14%upside
$31
Equal-Weight
Maintained
17 Oct 2024
B of A Securities
Bryan Spillane
41% 1-year accuracy
7 / 17 met price target
21%upside
$33
Neutral
Maintained
3 Oct 2024
RBC Capital
Nik Modi
54% 1-year accuracy
13 / 24 met price target
6%upside
$29
Sector Perform
Reiterated
3 Oct 2024
B of A Securities
Bryan Spillane
41% 1-year accuracy
7 / 17 met price target
25%upside
$34
Neutral
Maintained
17 Sept 2024

Financial journalist opinion

Based on 10 articles about CAG published over the past 30 days

Positive
Seeking Alpha
1 day ago
Buy 3 December Barron's Better Bet 'Safer' Dividend Dogs Of 23
Long-term bond yields continue to rise. But investors looking for income can still find plenty of attractive opportunities with dividend-paying stocks that have healthy yields. “23 stocks pay huge dividends. They should be a better bet than treasuries.” —Barron's Weekly. In an interview, Steven Wieting, strategist at Citi-Wealth, noted that a growing-dividend is a tangible-benefit for shareholders and a-hallmark-of companies with strong-balance-sheets. “Nobody can fake a dividend,” he said.
Buy 3 December Barron's Better Bet 'Safer' Dividend Dogs Of 23
Neutral
CNBC Television
2 days ago
Trade Tracker: B&G Foods, Conagra, Honda, Intuit and GXO
The Investment Committee detail their latest portfolio moves.
Trade Tracker: B&G Foods, Conagra, Honda, Intuit and GXO
Neutral
Reuters
3 days ago
Exclusive: Slim Jim maker Conagra exploring sale of Chef Boyardee, sources say
Conagra Brands , the maker of Slim Jim beef jerky and Healthy Choice frozen meals, is looking to sell its popular canned pasta brand Chef Boyardee, according to people familiar with the matter.
Exclusive: Slim Jim maker Conagra exploring sale of Chef Boyardee, sources say
Negative
Zacks Investment Research
6 days ago
Here's How Conagra is Navigating Market Challenges With Strategic Moves
CAG is benefiting from strategic portfolio reshaping and productivity initiatives but faces challenges from inflation and a struggling Foodservice unit.
Here's How Conagra is Navigating Market Challenges With Strategic Moves
Neutral
CNBC Television
2 weeks ago
Harrington: Conagra is down 9% since RFK Jr.'s Health and Human Services nomination
Jenny Harrington, CEO of Gilman Hill Asset Management, expresses caution about Nvidia's overvaluation. She sees opportunities in Conagra, which offers a 5.3% dividend and trades at a low valuation.
Harrington: Conagra is down 9% since RFK Jr.'s Health and Human Services nomination
Neutral
PRNewsWire
2 weeks ago
Conagra Brands to Release Fiscal 2025 Second Quarter Earnings on December 19, 2024
CHICAGO , Nov. 19, 2024 /PRNewswire/ -- Conagra Brands, Inc. (NYSE: CAG) will release its fiscal 2025 second quarter results on Thursday, December 19, 2024. A press release and supplemental materials, including pre-recorded remarks, will be issued that morning prior to a 30-minute live question-and-answer session with the investment community at 9:30 a.m.
Conagra Brands to Release Fiscal 2025 Second Quarter Earnings on December 19, 2024
Positive
24/7 Wall Street
3 weeks ago
6 of Wall Street's Most Beloved High-Yield Stocks Are On Sale
Key Points Yields have drifted higher since the Federal Reserve cut rates in September.
6 of Wall Street's Most Beloved High-Yield Stocks Are On Sale
Negative
CNBC
3 weeks ago
Processed food stocks fall as investors brace for increased scrutiny under Trump, RFK Jr.
Shares of several companies behind popular soda and snack brands pulled back sharply Friday.
Processed food stocks fall as investors brace for increased scrutiny under Trump, RFK Jr.
Neutral
PRNewsWire
3 weeks ago
Conagra Brands Named to Military Times' 2024 Best for Vets: Employers List
CHICAGO , Nov. 14, 2024 /PRNewswire/ -- Conagra Brands, Inc. (NYSE: CAG) today announced that it has been recognized on the 2024 Best for Vets: Employers list by Military Times. This recognition comes as the company continues to demonstrate its dedication to supporting veterans and active-duty service members, as well as their families, through strategic partnerships and internal initiatives.
Conagra Brands Named to Military Times' 2024 Best for Vets: Employers List
Positive
24/7 Wall Street
4 weeks ago
5 Dependable High-Yield Dividend Stocks Baby Boomers Can Always Count On
While getting to retirement age can be a blessing and a curse, the reality of counting on the U.S.
5 Dependable High-Yield Dividend Stocks Baby Boomers Can Always Count On
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