Conagra Brands, Inc. (CAG) remains focused on transforming into a branded, pure-play consumer packaged goods food organization. The company looks forward to enlarging its food businesses, buoyed by innovation and organic growth, along with expansion into adjacent categories, comprising acquisitions. It has also been making divestitures to boost its overall portfolio.In the latest development, the company revealed that it has concluded its earlier announced transaction regarding the divestiture of its 51.8% ...

CHICAGO, Aug. 28, 2024 /PRNewswire/ -- Today Conagra Brands, Inc. (NYSE: CAG) announced that all conditions for the previously announced sale by one of its subsidiaries of its 51.8% ownership stake in Agro Tech Foods Limited (ATFL), a food company based in India, have been fulfilled and the transaction has been completed. This transaction is the latest step in Conagra's strategy to continuously reshape its portfolio to maximize shareholder value. Effective with the sale, Conagra Brands no longer consolidate ...

Conagra Brands, Inc. (CAG) has not been in its best shape lately, witnessing challenging industry trends, including a slowdown in consumption. This was reflected in the company’s fourth-quarter fiscal 2024 results as well as management’s guidance for fiscal 2025. Conagra has been making solid brand-building investments. While these strategic investments are crucial for long-term growth, they may weigh on short-term profitability.Estimates Lose SheenThe Zacks Consensus Estimate for the current quarter and fi ...

On Wall Street, question marks over the health of the economy have increased as many sectors struggle to maintain stability. However, consumer stocks — especially those related to essential goods — often exhibit resilience during such volatility. Companies that provide everyday products, such as food and beverages, are particularly well-positioned to weather economic downturns.For instance, since January, the S&P 500 Consumer Staples index has gained over 11%. Many of these consumer stocks have gained as th ...

Conagra Brands, Inc. (CAG) , a leading snacks, frozen foods and alternative-protein supplier, recently unveiled a deal to acquire Sweetwood Smoke & Co, maker of FATTY Smoked Meat Sticks. This move appears apt, given the growing trend in the snacking industry, as consumers increasingly seek high-protein, on-the-go options.Inside the HeadlinesConagra Brands' acquisition of Sweetwood Smoke & Co. is a strategic move as part of its portfolio optimization strategy aimed at speeding up growth. This acquisition not ...

CHICAGO, Aug. 9, 2024 /PRNewswire/ -- Today Conagra Brands, Inc. (NYSE: CAG) announced that it has acquired Sweetwood Smoke & Co., maker of FATTY Smoked Meat Sticks. Financial terms were not disclosed.FATTY Smoked Meat Sticks are protein-packed, better-for-you snacks for people on the go, made with high-quality pork and beef smoked with real hickory wood."The acquisition of FATTY Smoked Meat Sticks is another step in reshaping our portfolio for faster growth," said Sean Connolly, president and chief executi ...

CHICAGO, July 16, 2024 /PRNewswire/ -- Conagra Brands, Inc. (NYSE: CAG), one of North America's leading branded food companies, today announced it has been recognized as one of the "Best Places to Work for Disability Inclusion" by The Disability Equality Index®, the world's most comprehensive benchmarking tool for Fortune 1000 scope companies to measure disability workplace inclusion inside their organizations and to assess performance across industry sectors.Established in 2015, the Disability Equality Ind ...

Loading...Loading...Conagra Brands, Inc. CAG reported worse-than-expected fourth-quarter sales results and issued FY25 adjusted EPS guidance below estimates.The company reported adjusted earnings per share of 61 cents, beating the analyst consensus estimate of 57 cents. Quarterly revenues of $2.905 billion missed the street view of $2.930 billion, according to data from Benzinga Pro."Looking ahead, we expect a gradual waning of the challenging industry trends seen throughout fiscal year 2024, as consumers a ...

Conagra Brands NYSE: CAG is a North American food industry leader and is considered part of the consumer staples sector. Conagra Brands’ earnings report for the fourth quarter of 2024 shows evidence of a company that continues to navigate a challenging and shifting consumer landscape. Get Conagra Brands alerts:Conagra Brands Q4 and Fiscal Year 2024 Financial PerformanceConagra Brands TodayCAGConagra Brands$28.37 -0.44 (-1.53%) 52-Week Range$25.16▼$33.60Dividend Yield4.93%P/E Ratio14.26Price Target$32.38Add ...

Core Viewpoint - Conagra Brands presents a potential buying opportunity due to recent stock price decline and the defensive nature of its business amid a slowing economy and potential recession [1][9]. Stock Performance - Conagra shares recently traded around $31.50 but have pulled back to approximately $28, below the 50-day moving average of $29.85 and near the 200-day moving average of $28.39 [2]. Earnings Estimates and Financials - Consensus earnings estimates indicate low to mid single-digit growth rates for 2025 and 2026, suggesting a price-to-earnings ratio of about 10 times, significantly lower than the S&P 500 average of over 20 times [3]. - For FY 2024, EPS is projected at $2.63, reflecting a 5.12% decline year-over-year, with sales expected to be $12.08 billion, down 1.63% [4]. Recent Financial Results - In Q4 2024, Conagra reported a net loss of $567.3 million or $1.18 per share, but adjusted earnings were $0.61 per share, beating consensus estimates by $0.04 [5]. - Sales declines were noted in grocery and snacks (2.1%), refrigerated and frozen revenues (3.8%), and foodservice (3.9%), while international sales increased by 6.4% [6]. Debt Management - Conagra has approximately $8.68 billion in debt and $78.5 million in cash, but strong cash flows from the food industry mitigate some balance sheet concerns [4]. - The company repaid a $1 billion senior note in Q4 2024, reducing net debt by $777 million, or 8.5%, from fiscal 2023 [6]. Growth Catalysts - Focus on reducing expenses and debt could lower interest expenses and lead to stock multiple expansion [7]. - Potential for international expansion exists, as the international segment showed revenue growth despite being smaller compared to other segments [7]. Dividend Information - Conagra pays a quarterly dividend of $0.35 per share, yielding about 5%, with a payout ratio around 50%, indicating room for future increases [8]. Economic Outlook - Signs of a potential recession are increasing, with slowing job growth and rising consumer debt impacting sentiment [9]. - The Federal Reserve's expectation of declining interest rates could enhance the attractiveness of high-yield stocks like Conagra [10]. Competitive Landscape - The food industry is highly competitive, with peers investing more in marketing, and a trend towards fresh foods could impact frozen food sales [11]. - Conagra's slow growth may necessitate acquisitions to boost revenues, which carries inherent risks [11]. Summary - Conagra is viewed as a stable investment with a competitive yield, potential for capital gains, and price-to-earnings multiple expansion, particularly as interest rates decline and the defensive nature of the food industry becomes more appealing in a recessionary environment [12].