Conagra Brands, Inc., together with its subsidiaries, operates as a consumer packaged goods food company in North America. The company operates through Grocery & Snacks, Refrigerated & Frozen, International, and Foodservice segments. The Grocery & Snacks segment primarily offers shelf stable food products in various retail channels in the United States. The Refrigerated & Frozen segment provides temperature controlled food products in various retail channels in the United States. The International segment offers food products in various temperature states in retail and foodservice channels outside of the United States. The Foodservice segment offers food products, including meals, entrees, sauces, and various custom-manufactured culinary products packaged for sale to restaurants and other foodservice establishments in the United States. The company sells its products under the Birds Eye, Marie Callender's, Banquet, Healthy Choice, Slim Jim, Reddi-wip, Vlasic, Angie's BOOMCHICKAPOP, Duke's, Earth Balance, Gardein, Frontera, Chef Boyardee, and Alexia brands. The company was formerly known as ConAgra Foods, Inc. and changed its name to Conagra Brands, Inc. in November 2016. Conagra Brands, Inc. was founded in 1919 and is headquartered in Chicago, Illinois.
IPO Year:
Exchange: NYSE
Website: conagrabrands.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/24/2025 | $27.00 | Equal-Weight | Morgan Stanley |
| 2/24/2025 | $33.00 → $26.00 | Buy → Neutral | Goldman |
| 8/12/2024 | $36.00 | Buy | Goldman |
| 2/1/2024 | $30.00 | Neutral | Citigroup |
| 12/12/2023 | $31.00 | Equal Weight | Wells Fargo |
| 12/11/2023 | Outperform → In-line | Evercore ISI | |
| 9/13/2023 | $32.00 | Market Perform | TD Cowen |
| 7/17/2023 | $46.00 → $37.00 | Overweight → Equal-Weight | Morgan Stanley |
| 7/5/2023 | $46.00 → $38.00 | Buy → Hold | Jefferies |
| 4/14/2023 | $43.00 | Hold | Stifel |
8-K - CONAGRA BRANDS INC. (0000023217) (Filer)
8-K - CONAGRA BRANDS INC. (0000023217) (Filer)
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8-K - CONAGRA BRANDS INC. (0000023217) (Filer)
8-K - CONAGRA BRANDS INC. (0000023217) (Filer)
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Morgan Stanley initiated coverage of Conagra with a rating of Equal-Weight and set a new price target of $27.00
Goldman downgraded Conagra from Buy to Neutral and set a new price target of $26.00 from $33.00 previously
Goldman initiated coverage of Conagra with a rating of Buy and set a new price target of $36.00
Citigroup initiated coverage of Conagra with a rating of Neutral and set a new price target of $30.00
Wells Fargo initiated coverage of Conagra with a rating of Equal Weight and set a new price target of $31.00
Evercore ISI downgraded Conagra from Outperform to In-line
TD Cowen initiated coverage of Conagra with a rating of Market Perform and set a new price target of $32.00
Morgan Stanley downgraded Conagra from Overweight to Equal-Weight and set a new price target of $37.00 from $46.00 previously
Jefferies downgraded Conagra from Buy to Hold and set a new price target of $38.00 from $46.00 previously
Stifel resumed coverage of Conagra with a rating of Hold and set a new price target of $43.00
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CHICAGO, April 3, 2025 /PRNewswire/ -- Today Conagra Brands, Inc. (NYSE:CAG) reported results for the third quarter of fiscal year 2025, which ended on February 23, 2025. All comparisons are against the prior year fiscal period, unless otherwise noted. Highlights Reported net sales decreased 6.3%; organic net sales decreased 5.2%.Reported operating margin was 8.4% representing a 712 basis point decrease. Adjusted operating margin was 12.7% representing a 369 basis point decrease.Reported diluted earnings per share (EPS) was $0.30, a 53.1% decrease. Adjusted EPS was $0.51, a 26
CHICAGO, April 2, 2025 /PRNewswire/ -- Conagra Brands, Inc. (NYSE:CAG) today announced that its Board of Directors approved a quarterly dividend payment of $0.35 per share of CAG common stock to be paid on May 29, 2025 to stockholders of record as of the close of business on April 28, 2025. Conagra Brands, Inc. has paid consecutive quarterly dividends since January 1976. About Conagra Brands Conagra Brands, Inc. (NYSE:CAG), is one of North America's leading branded food companies. We combine a 100-year history of making quality food with agility and a relentless focus on coll
Updated Fiscal 2025 Outlook Reflects Temporary Service Constraints and Impact of Foreign Exchange; Long-Term Targets Unchanged CHICAGO, Feb. 17, 2025 /PRNewswire/ -- Conagra Brands, Inc. (NYSE:CAG) announced that its upcoming presentation at the annual Consumer Analyst Group of New York (CAGNY) Conference will detail Conagra's advantaged market position, perspective on the evolving consumer environment, and unique focus on the science of growth. Conagra will also preview a series of new innovations expected to launch in calendar year 2025 and provide detail on its updated fiscal 2025 financial guidance.
CHICAGO, Dec. 19, 2024 /PRNewswire/ -- Today Conagra Brands, Inc. (NYSE:CAG) reported results for the second quarter of fiscal year 2025, which ended on November 24, 2024. All comparisons are against the prior year fiscal period, unless otherwise noted. Highlights Reported net sales decreased 0.4%; organic net sales increased 0.3%.Reported operating margin was 12.6% representing a 138 basis point decrease. Adjusted operating margin was 15.3% representing a 57 basis point decrease.Reported diluted earnings per share (EPS) was $0.59, a 1.7% decrease. Adjusted EPS was $0.70, a 1.
CHICAGO, Dec. 12, 2024 /PRNewswire/ -- Conagra Brands, Inc. (NYSE:CAG) today announced that its Board of Directors approved a quarterly dividend payment of $0.35 per share of CAG common stock to be paid on February 27, 2025 to stockholders of record as of the close of business on January 27, 2025. Conagra Brands, Inc. has paid consecutive quarterly dividends since January 1976. About Conagra Brands Conagra Brands, Inc. (NYSE:CAG), is one of North America's leading branded food companies. We combine a 100-year history of making quality food with agility and a relentless focus o
CHICAGO, Oct. 2, 2024 /PRNewswire/ -- Today Conagra Brands, Inc. (NYSE:CAG) reported results for the first quarter of fiscal year 2025, which ended on August 25, 2024. All comparisons are against the prior-year fiscal period, unless otherwise noted. Highlights Reported net sales decreased 3.8%; organic net sales decreased 3.5%.Reported operating margin was 14.4% representing a 247 basis point decrease. Adjusted operating margin was 14.2% representing a 244 basis point decrease.Reported diluted earnings per share (EPS) was $0.97, a 44.8% increase. Adjusted EPS was $0.53, a 19.7
CHICAGO, Oct. 1, 2024 /PRNewswire/ -- Conagra Brands, Inc. (NYSE:CAG) today announced that its Board of Directors approved a quarterly dividend payment of $0.35 per share of CAG common stock to be paid on November 27, 2024 to stockholders of record as of the close of business on October 31, 2024. Conagra Brands, Inc. has paid consecutive quarterly dividends since January 1976. About Conagra BrandsConagra Brands, Inc. (NYSE:CAG), is one of North America's leading branded food companies. We combine a 100-year history of making quality food with agility and a relentless focus on
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 executive officer of Conagra Brands. "Adding a premium brand such as FATTY to
CHICAGO, July 11, 2024 /PRNewswire/ -- Today Conagra Brands, Inc. (NYSE:CAG) reported results for the fourth quarter and full year fiscal year 2024, which ended on May 26, 2024. All comparisons are against the prior-year fiscal period, unless otherwise noted. Highlights Fourth quarter:Reported net sales decreased 2.3% and organic net sales decreased 2.4%Reported operating margin was (19.1)%; adjusted operating margin was 14.8%Reported diluted loss per share for the fourth quarter was $1.18, primarily as a result of certain non-cash goodwill and brand impairment charges, and ad
CHICAGO, April 11, 2024 /PRNewswire/ -- Conagra Brands, Inc. (NYSE:CAG) today announced that its Board of Directors approved a quarterly dividend payment of $0.35 per share of CAG common stock to be paid on May 30, 2024 to stockholders of record as of the close of business on April 30, 2024. Conagra Brands, Inc. has paid consecutive quarterly dividends since January 1976. About Conagra Brands Conagra Brands, Inc. (NYSE:CAG), headquartered in Chicago, is one of North America's leading branded food companies. Guided by an entrepreneurial spirit, Conagra Brands combines a rich h
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GREENWICH, Conn., May 1, 2025 /PRNewswire/ -- Brynwood Partners IX L.P. announced today that its portfolio company, Hometown Food Company, has entered into a definitive agreement to acquire the Chef Boyardee® brand for $600 million from Conagra Brands, Inc. (NYSE:CAG). The transaction includes the 820,000 square foot facility in Milton, PA, as well as all assets and operations dedicated to the Chef Boyardee brand. The transaction is expected to close in the second quarter of 2025, subject to customary U.S. regulatory review. Chef Boyardee is an iconic American brand and catego
Divestiture Supports Conagra's Efforts to Reshape its Portfolio CHICAGO, May 1, 2025 /PRNewswire/ -- Today Conagra Brands, Inc. (NYSE:CAG) announced that it has entered into a definitive agreement with Hometown Food Company, a portfolio company of Brynwood Partners, to divest its iconic line of Chef Boyardee® brand shelf-stable products including its classic, convenient, ready-to-eat pasta meals. The transaction includes the manufacturing facility in Milton, Pa., as well as all assets and operations dedicated to the Chef Boyardee shelf-stable products with the exception of frozen skillet meals, which will be licensed by Hometown Food Company to Conagra. The Chef Boyardee products that are
CHICAGO, April 29, 2025 /PRNewswire/ -- Conagra Brands, Inc. (NYSE:CAG) will attend the Goldman Sachs Global Staples Forum on Tuesday, May 13. Sean Connolly, president and chief executive officer of Conagra Brands, and Dave Marberger, executive vice president and chief financial officer, will participate in a fireside chat beginning at 8:55 a.m. ET. A live video webcast of the discussion will be available on conagrabrands.com/investor-relations under Events & Presentations. A replay of the webcast will be available until Nov. 13, 2025. About Conagra Brands Conagra Brands,
CHICAGO, April 17, 2025 /PRNewswire/ -- Conagra Brands, Inc. (NYSE:CAG) today announced the publication of its 2024 Citizenship Report, which highlights key initiatives and actions that positively impact Conagra's employees, the communities it serves, and the health of the planet. Conagra's Citizenship approach is centered around four focus areas that reflect the company's values as a responsible corporate citizen: Good Food, Responsible Sourcing, Better Planet, and Stronger Communities. "I am incredibly proud of our work in fiscal year 2024 to continue meeting evolving consum
CHICAGO, April 3, 2025 /PRNewswire/ -- Today Conagra Brands, Inc. (NYSE:CAG) reported results for the third quarter of fiscal year 2025, which ended on February 23, 2025. All comparisons are against the prior year fiscal period, unless otherwise noted. Highlights Reported net sales decreased 6.3%; organic net sales decreased 5.2%.Reported operating margin was 8.4% representing a 712 basis point decrease. Adjusted operating margin was 12.7% representing a 369 basis point decrease.Reported diluted earnings per share (EPS) was $0.30, a 53.1% decrease. Adjusted EPS was $0.51, a 26
CHICAGO, April 2, 2025 /PRNewswire/ -- Conagra Brands, Inc. (NYSE:CAG) today announced that its Board of Directors approved a quarterly dividend payment of $0.35 per share of CAG common stock to be paid on May 29, 2025 to stockholders of record as of the close of business on April 28, 2025. Conagra Brands, Inc. has paid consecutive quarterly dividends since January 1976. About Conagra Brands Conagra Brands, Inc. (NYSE:CAG), is one of North America's leading branded food companies. We combine a 100-year history of making quality food with agility and a relentless focus on coll
New Technology Leverages Renewable Energy Solutions and Advances Conagra's Climate Change Goals CHICAGO, April 1, 2025 /PRNewswire/ -- Conagra Brands, Inc. (NYSE:CAG) and Bloom Energy (NYSE:BE), a global leader in power solutions, today announced they will collaborate to utilize Bloom's fuel cell technology at Conagra's Troy and Archbold, Ohio production facilities. The 15-year PPA (power purchase agreement) will deploy approximately six megawatts and provide combustion-free electricity generation, supplying approximately 70% to 75% of the electricity needs at the Troy and Archbold facilities, while also projecting a 19% decrease in their greenhouse gas emissions. This initiative aligns with
CHICAGO, March 4, 2025 /PRNewswire/ -- Conagra Brands, Inc. (NYSE:CAG) will release its fiscal 2025 third quarter results on Thursday, April 3, 2025. A press release and supplemental materials, including pre-recorded remarks, will be issued that morning prior to a 30-minute live question-and-answer session with the investment community at 9:30 a.m. ET. The pre-recorded remarks, transcript, press release, presentation slides, and live audio Q&A can be accessed at conagrabrands.com/investor-relations under Events & Presentations. The live audio Q&A can also be accessed by dialin
Updated Fiscal 2025 Outlook Reflects Temporary Service Constraints and Impact of Foreign Exchange; Long-Term Targets Unchanged CHICAGO, Feb. 17, 2025 /PRNewswire/ -- Conagra Brands, Inc. (NYSE:CAG) announced that its upcoming presentation at the annual Consumer Analyst Group of New York (CAGNY) Conference will detail Conagra's advantaged market position, perspective on the evolving consumer environment, and unique focus on the science of growth. Conagra will also preview a series of new innovations expected to launch in calendar year 2025 and provide detail on its updated fiscal 2025 financial guidance.
CHICAGO, Jan. 30, 2025 /PRNewswire/ -- Conagra Brands, Inc. (NYSE:CAG) will present at the 2025 CAGNY (Consumer Analyst Group of New York) Conference on Tuesday, Feb. 18, at 9 a.m. ET. Sean Connolly, president and chief executive officer of Conagra Brands, Dave Marberger, executive vice president and chief financial officer, and Bob Nolan, senior vice president of demand science, will present information on Conagra Brands' business strategies and financial outlook. A video webcast of the presentation and presentation slides will be available on conagrabrands.com/investor-r
Limited-Edition Pickleball Gear Now Available While Supplies Last CHICAGO, May 7, 2024 /PRNewswire/ -- Pickleball season is here and Vlasic® Pickles, a brand of Conagra Brands, Inc. (NYSE:CAG), is teaming up with Sprints®, the fun-loving performance accessories brand, and Tervis®, the iconic insulated tumbler brand, in a limited-edition collaboration that will make your pickleball game look as good as it tastes. The collection includes a range of pickleball equipment and accessories that will make you the envy of your playing partners. "America's fastest growing sport – pickle
CHICAGO, April 29, 2024 /PRNewswire/ -- Conagra Brands, Inc. (NYSE:CAG) today announced the appointment of Noelle O'Mara as executive vice president & president, New Platforms and Acquisitions effective May 6. In this role, O'Mara will have responsibility for identifying and scaling new organic growth platforms and acquisitions. This work will span strategy, product innovation, commercialization, synergy capture, and in-market execution. "Noelle's leadership and track record of delivering results will be instrumental in advancing Conagra's ambition to further scale emerging br
TORONTO, Jan. 16, 2024 (GLOBE NEWSWIRE) -- Iconic popcorn snacks from Conagra Brands, Inc., Orville Redenbacher® and Angie's® BOOMCHICKAPOP®, are here to help Canadians break up the winter doldrums by embracing fun with popcorn during this year's National Popcorn Day on January 19th. Arriving during the cold, dark days of January when Canadians need a pop of fun the most, this year's National Popcorn Day theme has been designated "Top Your Pop" by Orville Redenbacher® and Angie's® BOOMCHICKAPOP®. Canadians are invited to find even more fun and joy in one of their favourite snacks by experimenting with delicious, trending, and imaginative popcorn toppings and flavour combinations. Tangy p
Levi Strauss & Co. (LS&Co.) (NYSE:LEVI) announced today that its board of directors has appointed David Marberger as a member of the board and to serve on the board's Audit Committee, effective immediately. With more than 30 years of finance and leadership experience, Marberger currently serves as the executive vice president and chief financial officer for Conagra Brands, Inc. (NYSE:CAG). "With a distinguished career spanning over three decades, David brings a wealth of experience working with prominent global brands, making him an ideal addition to the LS&Co. board," said Bob Eckert, chairman of LS&Co. Board of Directors. "David's expertise will be invaluable as we drive forward the nex
CHICAGO, Sept. 14, 2023 /PRNewswire/ -- Conagra Brands, Inc. (NYSE:CAG) today announced that Francisco Fraga, 50, has been elected to its board of directors at its annual meeting of shareholders held earlier today. All director nominees were elected to the board of directors, which increased to 11 members. "We are pleased to welcome Francisco to the Conagra Brands board," said Richard H. Lenny, chair, Conagra Brands. "Conagra and our shareholders will benefit from Francisco's breadth of experience managing large-scale information technology and cybersecurity initiatives across
CHICAGO, Aug. 22, 2022 /PRNewswire/ -- Conagra Brands, Inc. (NYSE:CAG) today announced the appointment of Tracy Schaefer to senior vice president and chief information officer, effective today, August 22, 2022. "Tracy has a strong track record of delivering excellent results in finance, information technology and global business services," said Dave Marberger, chief financial officer, Conagra Brands. "Her deep understanding of the business, strategic mindset, and exceptional leadership skills will all be critical as we continue to work across the enterprise to deliver on our s
CHICAGO, July 25, 2022 /PRNewswire/ -- Conagra Brands, Inc. (NYSE:CAG), one of North America's leading branded food companies, today announced the appointment of Denise A. Paulonis to its board of directors, effective August 1, 2022. With this addition, the Conagra Brands board will increase to 13 members. "We are pleased to welcome Denise to the Conagra Brands board," said Richard H. Lenny, chair, Conagra Brands. "Conagra and our shareholders will benefit from Denise's extensive leadership experience driving growth, supply chain innovation, e-commerce capabilities, and produc
Tractor Supply Company (NASDAQ:TSCO), the largest rural lifestyle retailer in the United States, today announced that Andre Hawaux has been appointed as an independent member of its Board of Directors and its Audit Committee, effective July 1, 2022. Mr. Hawaux joins the Board following an impressive 37-year career across both the consumer packaged goods and retail industries, serving most recently as Chief Operating Officer of Dick's Sporting Goods. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220705005122/en/Andre Hawaux has been appointed as an independent member of the Tractor Supply Company Board of Directors and its Audit
CHICAGO, June 2, 2022 /PRNewswire/ -- Conagra Brands, Inc. (NYSE:CAG) today announced the appointment of Carey Bartell to executive vice president, general counsel and corporate secretary, effective June 6, 2022. "For more than six years, Carey has been a valuable Conagra leader who has served as vice president and chief counsel leading the company's litigation efforts and compliance programs," said Sean Connolly, president and chief executive officer, Conagra Brands. "Her more than 20 years of experience combined with her passion and business expertise make her the right lead
CHICAGO, May 4, 2022 /PRNewswire/ -- Conagra Brands, Inc. (NYSE:CAG) today announced the appointment of Lucy Brady as president of Grocery & Snacks, effective June 15, 2022. In this role, Brady will lead the ongoing modernization and growth of Conagra's grocery and snack portfolio, which includes brands such as Slim Jim®, Duncan Hines®, and Angie's® BOOMCHICKAPOP®, with a focus on delivering products that reflect evolving consumer demand and trends. "Lucy has a tremendous background and proven leadership skills that will be critical as we continue to grow our successful Grocer