14-May-2024
Conagra Brands Brings Snacks for Every Taste to 2024 Sweets & Snacks Expo
PRNewswire (Mon, 13-May 8:00 AM ET)
Barclays spotlights 44 stocks to watch if inflation remains sticky
Seeking Alpha News (Sat, 11-May 10:00 AM ET)
Vlasic Pickles Launches Playful Pickleball Collaborations with Sprints and Tervis
PRNewswire (Tue, 7-May 7:00 AM ET)
Noelle O'Mara Named Executive Vice President of Conagra Brands
PRNewswire (Mon, 29-Apr 4:45 PM ET)
Business Wire (Fri, 26-Apr 4:36 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)
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 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 May 14, 2024, CAG stock price climbed to $31.00 with 2,520,814 million shares trading.
CAG has a beta of 0.33, meaning it tends to be less sensitive to market movements. CAG has a correlation of 0.04 to the broad based SPY ETF.
CAG has a market cap of $14.90 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 price return of -11.8% while the SPY ETF gained +28.8%. However, in the short term, CAG had mixed performance relative to the market. It has outperformed in the last 3 months, returning +17.3% vs +5.3% return in SPY. But in the last 2 weeks, CAG shares have been beat by the market, returning +0.7% compared to an SPY return of +4.2%.
CAG support price is $30.63 and resistance is $31.27 (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.