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 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
89% more call options, than puts
Call options by funds: $94.7M | Put options by funds: $50.1M
12% more repeat investments, than reductions
Existing positions increased: 307 | Existing positions reduced: 275
0% more funds holding in top 10
Funds holding in top 10: 4 [Q4 2024] → 4 (+0) [Q1 2025]
0% more first-time investments, than exits
New positions opened: 94 | Existing positions closed: 94
1.66% less ownership
Funds ownership: 85.88% [Q4 2024] → 84.22% (-1.66%) [Q1 2025]
2% less funds holding
Funds holding: 836 [Q4 2024] → 819 (-17) [Q1 2025]
6% less capital invested
Capital invested by funds: $11.4B [Q4 2024] → $10.7B (-$648M) [Q1 2025]
Research analyst outlook
6 Wall Street Analysts provided 1 year price targets over the past 3 months
6 analyst ratings
B of A Securities Bryan Spillane | 7%downside $20 | Underperform Downgraded | 12 Jun 2025 |
Goldman Sachs Leah Jordan | 3%downside $21 | Sell Downgraded | 9 Jun 2025 |
Wells Fargo Chris Carey | 7%upside $23 | Equal-Weight Maintained | 2 Jun 2025 |
Barclays Andrew Lazar | 21%upside $26 | Overweight Maintained | 12 May 2025 |
JP Morgan Ken Goldman | 16%upside $25 | Neutral Maintained | 6 May 2025 |
Financial journalist opinion
Based on 15 articles about CAG published over the past 30 days









