28-Mar-2024
Seeking Alpha News (Thu, 28-Mar 3:46 PM ET)
Catalyst Watch: Tesla deliveries, Disney board vote, DJT drama and Fortinet event
Seeking Alpha News (Thu, 28-Mar 3:00 PM ET)
Conagra Brands: A Hold Rating Amid Market Competition and Consumer Shifts
TipRanks (Wed, 27-Mar 10:45 AM ET)
Conagra Brands will face a class-action lawsuit over sustainability claims
Seeking Alpha News (Tue, 26-Mar 8:09 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 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)
Angie's BOOMCHICKAPOP Introduces New Cinnabon Drizzled Kettle Corn
PRNewswire (Tue, 20-Feb 7:00 AM ET)
CONAGRA BRANDS ANNOUNCES DETAILS OF 2024 CAGNY CONFERENCE PRESENTATION WEBCAST
PRNewswire (Tue, 30-Jan 7:30 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 U.S. 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 March 28, 2024, CAG stock price climbed to $29.64 with 4,357,068 million shares trading.
CAG has a beta of 0.48, meaning it tends to be less sensitive to market movements. CAG has a correlation of 0.10 to the broad based SPY ETF.
CAG has a market cap of $14.25 billion. This is considered a Large Cap stock.
Last quarter Conagra Brands reported $3 billion in Revenue and $.71 earnings per share. This fell short of revenue expectation by $-28 million and exceeded earnings estimates by $.03.
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 -16.6%, while the SPY ETF gained +33.6%. In the last 3 month period, CAG fell short of the market, returning +5.4%, while SPY returned +10.1%. However, in the most recent 2 weeks CAG has outperformed the stock market by returning +4.6%, while SPY returned +1.7%.
CAG support price is $29.17 and resistance is $29.81 (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.