Wells Fargo sees growing concerns about consumers as key earnings takeaway
Seeking Alpha News (Thu, 18-Apr 11:13 AM ET)
Conagra Brands: Hold Rating Amidst Operational Gains and Consumer Price Sensitivity
TipRanks (Tue, 16-Apr 6:05 PM ET)
PRNewswire (Fri, 12-Apr 6:50 PM ET)
CONAGRA BRANDS ANNOUNCES QUARTERLY DIVIDEND PAYMENT
PRNewswire (Thu, 11-Apr 7:30 AM ET)
CONAGRA BRANDS REPORTS THIRD QUARTER RESULTS
PRNewswire (Sat, 6-Apr 12:57 AM ET)
Business Wire (Fri, 29-Mar 5:17 PM ET)
Conagra Brands Releases Fiscal Year 2023 Citizenship Report
PRNewswire (Thu, 21-Mar 7:30 AM ET)
Conagra Brands Unveils Meals, Sides and Snacks at Natural Products Expo West 2024
PRNewswire (Wed, 13-Mar 8:00 AM ET)
Conagra Brands to Release Fiscal 2024 Third Quarter Earnings on April 4, 2024
PRNewswire (Wed, 6-Mar 7:30 AM ET)
PRNewswire (Thu, 29-Feb 8:24 AM ET)
Conagra Brands is a packaged food company that operates predominantly in the United States (over 90% of revenue and profits). 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 8% of fiscal 2023 revenue coming from international markets and 9% from foodservice.
Conagra Brands trades on the NYSE stock market under the symbol CAG.
As of April 18, 2024, CAG stock price declined to $30.05 with 967,184 million shares trading.
CAG has a beta of 0.46, meaning it tends to be less sensitive to market movements. CAG has a correlation of 0.08 to the broad based SPY ETF.
CAG has a market cap of $14.44 billion. This is considered a Large Cap stock.
Last quarter Conagra Brands reported $3 billion in Revenue and $.69 earnings per share. This beat revenue expectation by $23 million and exceeded earnings estimates by $.04.
In the last 3 years, CAG stock traded as high as $41.30 and as low as $25.16.
The top ETF exchange traded funds that CAG belongs to (by Net Assets): VTI, VOO, VO, DVY, SPY.
CAG has underperformed the market in the last year with a return of -15.7%, while the SPY ETF gained +22.6%. In the last 3 month period, CAG fell short of the market, returning +5.2%, while SPY returned +6.4%. However, in the most recent 2 weeks CAG has outperformed the stock market by returning +3.4%, while SPY returned -3.6%.
CAG support price is $29.87 and resistance is $30.61 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CAG stock will trade within this expected range on the day.