Conagra Brands (CAG)

• Market cap: $8.98B
• 1 day: -0.74%
• 5 days: -3.2%
• 1 month: -1.21%
• 3 months: -12.79%
• 6 months: -27.88%
• Year to date: -32.24%
• 1 year: -42.71%
• 5 years: -45.73%
• 10 years: -42.94%
• Sector: Consumer Staples
• Industry: Packaged Foods

About: Conagra Brands is a packaged food company that operates predominantly in the United States (91% of fiscal 2025 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 2025 revenue coming from international markets and 9% from foodservice.

Employees: 18,300

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

38% more repeat investments, than reductions

Existing positions increased: 333 | Existing positions reduced: 241

15% more call options, than puts

Call options by funds: $80.3M | Put options by funds: $69.6M

6.69% more ownership

Funds ownership: 84.62% [Q1] → 91.31% (+6.69%) [Q2]

5% more first-time investments, than exits

New positions opened: 131 | Existing positions closed: 125

1% less funds holding

Funds holding: 824 [Q1] → 817 (-7) [Q2]

17% less capital invested

Capital invested by funds: $10.8B [Q1] → $8.93B (-$1.84B) [Q2]

50% less funds holding in top 10

Funds holding in top 10: 4 [Q1] → 2 (-2) [Q2]

Research analyst outlook

7 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $20
• Avg. target: $21
• High target: $24

7 analyst ratings

• positive: 0 0%
• neutral: 7 100%
• negative: 0 0%

JP Morgan Thomas Palmer	$20	Neutral Assumed	20 Aug 2025
UBS Bryan Adams	$20	Neutral Maintained	11 Jul 2025
Evercore ISI Group David Palmer	$24	In-Line Maintained	11 Jul 2025
Stifel Matthew Smith	$21	Hold Maintained	11 Jul 2025
Wells Fargo Chris Carey	$20	Equal-Weight Maintained	11 Jul 2025