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Conagra Brands Inc CAG Stock Quote

| Rating as of

NYSE: CAG

Last close prices updated as of Jan 27, 2023, 10:22 AM EST | USD | BATS BZX Real-Time Price
  • Last Close 36.84
  • Sector Consumer Defensive
  • Industry Packaged Foods
  • Investment Style Mid Value
  • Day Range 36.24  –  36.64
  • Year Range 30.06  –  41.30
  • Market Cap 17.3062 Bil
  • Volume / Avg 366,096.0 /  3.9 Mil
  • Price / Sales 1.47
  • Price / Book 2.03
  • Forward Div Yield 3.45%
  • Trailing Div Yield 4.45%

Morningstar‘s Stock Analysis CAG

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Is it the right time to buy or sell?

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Economic Moat

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Even as Conagra Is Poised for Margin Improvement, We Don't Think It's Amassed a Competitive Edge

Business Strategy and Outlook

| Erin Lash |

When CEO Sean Connolly was brought in to turn around a struggling Conagra in 2015, he implemented a new brand building strategy referred to as the Conagra Way. The process calls for using data to identify product attributes that are driving growth and designing products to reflect those traits. The strategy also increases the productivity of marketing investments by shifting spend to the more efficient digital channel and to higher potential brands. In addition, the firm has significantly reshaped its portfolio inorganically, shedding non-branded or noncore businesses and acquiring brands that enhance the firm’s growth and/or profit margins. As a result, in recent years, sales have inflected from declines to growth, and from market share losses to modest gains. We think the pandemic, which resulted in four and a half years of incremental new buyers and saved the firm hundreds of millions of dollars in customer acquisition costs, will accelerate the benefits Conagra is reaping from these efforts, as many new consumers have been exposed to its new fare. Once the food retail market normalizes post-pandemic, we think Conagra can realize 2% annual organic sales growth. In addition, Conagra has identified over $1 billion in supply chain savings to be realized by fiscal 2025, which should result in operating margins that reach 18% over the long term, up from the 15.4% metric realized in fiscal 2019, before the pandemic and its aftershocks disrupted the market.

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Key Statistics CAG

Company Profile CAG

Business Description

Conagra Brands is a packaged food company that operates predominantly in the United States (over 90% of revenue and profits). It has a significant presence in the freezer aisle, with brands such as Marie Callender’s, Healthy Choice, Banquet, and Birds Eye. Other popular brands include Duncan Hines, Hunt’s, Slim Jim, Vlasic, Orville Redenbacher's, Reddi-wip, Wish-Bone and Chef Boyardee. While the majority of revenue is sold into the U.S. retail channel, 9% of fiscal 2022 sales came from the food-service channel, down from 11% in fiscal 2019 due to the pandemic.

Contact
222 W. Merchandise Mart Plaza, Suite 1300
Chicago, IL, 60654
Industry Packaged Foods
Employees 18,000

Related Articles CAG

FAQs for Conagra Brands Inc Stock

Yes. CAG has a forward dividend yield of 3.45%. See CAG’s full dividends and stock split history on the Dividend tab.
Dividend yield allows investors, particularly those interested in dividend-paying stocks, to compare the relationship between a stock’s price and how it rewards stockholders through dividends. The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price.

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CAG’s market cap is 17.31 Bil.
Market capitalization is calculated by taking a company’s share price and multiplying it by the total number of shares. It’s often used to measure a company’s size. In the Morningstar Style Box, large-cap names account for the largest 70% of U.S. stocks, mid-cap names account for the largest 70–90%, and small-cap names are the remaining 10% of companies.

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CAG’s stock style is Mid Value.
Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated.

High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends.

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CAG’s price/sales is 1.47.
Price/sales represents the amount an investor is willing to pay for a dollar generated from a particular company’s sales or revenues.

CAG’s price/forward earnings is 14.95.
Forward P/E gives some indication of how cheap or expensive a stock is compared with consensus earnings estimates. The lower the Forward P/E, the cheaper the stock.

CAG’s price/book is 2.03.
Price/book ratio can tell investors approximately how much they’re paying for a company’s assets, based on historical, rather than current, valuations. Historical valuations generally do not reflect a company’s current market value. Value investors frequently look for companies that have low price/book ratios.

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CAG’s beta can be found in Trading Information at the top of this page.
A stock’s beta measures how closely tied its price movements have been to the performance of the overall market.

Compare CAG’s historical performance against its industry peers and the overall market.