|Bid||34.57 x 1200|
|Ask||34.79 x 1100|
|Day's Range||33.70 - 34.86|
|52 Week Range||22.83 - 35.59|
|Beta (5Y Monthly)||0.74|
|PE Ratio (TTM)||22.09|
|Earnings Date||Jun 25, 2020 - Jun 29, 2020|
|Forward Dividend & Yield||0.85 (2.51%)|
|Ex-Dividend Date||Apr 29, 2020|
|1y Target Est||33.50|
The stock has jumped 32% in the past year. While it’s edged down in 2020, one analyst thinks the company could be a long-term winner.
Gardein, a brand of Conagra Brands, Inc. (NYSE: CAG), is getting ready to celebrate National Burger Day on May 28, with a delicious new burger unlike any the brand has ever offered. Gardein's new Ultimate Plant-Based Burger looks, cooks and smells like real meat for a satisfying burger experience with no sacrifices. The new burger adds to Gardein's reputation for delivering great-tasting meat alternatives. And Gardein is enlisting a pair of celebrity burger enthusiasts to kick-off the celebration.
Corporate earnings for the current second quarter are likely some of the most unpredictable ones in recent history, thanks to the coronavirus-induced disruptions. But there are exceptions, and they might offer a good buying opportunity.
While there’s been a big jump in food sales, that also came with a 33.5% increase in private label sales, outstripping the 28% growth brands have seen, according to Stifel. Several big brands, though, are thriving.
Conagra Brands Inc. said Thursday it will prepay the remaining $275 million outstanding under its senior floating-rate notes that mature on October 22, as it moves to deleverage and boost its financial flexibility. The company said it has secured a $600 million senior three-year unsecured term loan that can be drawn through Oct. 22 at a price of Libor plus 150 basis points. "While Conagra has not yet drawn on the facility, this facility provides Conagra with the liquidity to repay, along with cash on hand, the Company's debt maturities in fiscal 2021," the company said in a statement. Chicago-based Conagra, parent of food brands including Birds Eye and Slim Jim among others, is aiming to preserve its investment-grade status as it works through the pandemic. Shares were slightly higher premarket, but are down 4.4% in the year to date, while the S&P 500 has fallen 8%.
Conagra Brands, Inc. (NYSE: CAG) today announced continued progress against its deleveraging efforts and steps to further enhance its balance sheet strength and financial flexibility. Conagra will pre-pay, effective May 29, 2020, the remaining $275 million outstanding under its senior floating rate notes due October 22, 2020. Conagra has also obtained a $600 million senior three-year unsecured term loan which can be drawn, in full or in part, through October 2020 with opening pricing of LIBOR plus 150 basis points. While Conagra has not yet drawn on the facility, this facility provides Conagra with the liquidity to repay, along with cash on hand, the Company's debt maturities in fiscal 2021. Farm Credit Services of America and Farm Credit Bank of Texas served as Co-Lead Arrangers for the financing with Farm Credit Services of America serving as the Administrative Agent.
It's only natural that many investors, especially those who are new to the game, prefer to buy shares in 'sexy' stocks...
As new coronavirus infections continue to be diagnosed at nearly 20,000 per day in the U.S., packaged-food maker Conagra Brands (NYSE: CAG) has decided to pay its workers another bonus, totaling more than $7 million. The bonuses will go to workers in the United States as well as Canada and Mexico, three countries where Conagra operates approximately 50 production plants and distribution facilities.
Memorial Day might look a little different this year, but whether you're celebrating in your backyard or gathering virtually, you can still have fun with your food! Healthy Choice, a brand of Conagra Brands, Inc. (NYSE: CAG), just launched a Power Dressings line featuring popular flavors including Creamy Ranch, Creamy Italian, Garden French and Greener Goddess, perfect for dressing up BBQ favorites from salads and veggies to dips and marinades.
Conagra Brands (CAG) unveils plans to pay incremental cash bonus worth $7 million to eligible workers at all production and distribution centers.
Conagra Brands Inc. said Monday that it would give additional bonuses totaling $7 million to workers at 50 distribution and production facilities in the U.S., Canada and Mexico. Up to this point, the company has spent $13 million on bonuses for frontline workers. Conagra's portfolio of food brands includes Dunkin' Hines, Healthy Choice and Vlasic. Conagra has taken measures to prevent the spread of coronavirus in its operations including staggering shifts, taking employee temperatures and increased sanitation. Conagra stock has rallied 17.5% over the past year while the S&P 500 index is up 0.2% for the period.
Conagra Brands, Inc. (NYSE: CAG) today announced it will provide an additional $7 million in cash bonuses to eligible employees at each of the company's 50 production and distribution facilities across the U.S., Mexico and Canada. This additional bonus is in recognition of these team members' continued, unwavering commitment to make Conagra Brands food available to consumers during the COVID-19 pandemic. To date, the company has committed more than $13 million in special bonuses for front-line employees.
The U.S. death toll from the coronavirus that causes COVID-19 rose above 87,000 on Saturday, as new outbreaks were reported from states where stay-at-home orders are set to expire and in states that never imposed them, raising concerns that the reopening of economies will spur new infections.
Conagra Brands Inc. provided a sales update for its fiscal fourth quarter to date through May 3, with the processed and packaged foods seller saying total retail sales rose 37.2% from a year ago. The stock rose 0.1% in premarket trading, erasing an earlier loss of 2.4%. For the 10-week period ended May 3, frozen retail sales grew 29.7%, with frozen meals sales, which includes single- and multi-serve meals, increasing 27.1%. Snacks retail sales rose 20.4% and staples brands sales, which includes brands within grocery and refrigerated businesses, jumped 53.5%. The company said the sales update is in conjunction with its investor meeting scheduled Friday. The stock has gained 3.5% over the past three months through Thursday, while the S&P 500 has dropped 15.6%.
Deutsche Bank (DE:DBKGn) analyst Brian Bedell maintained a Hold rating on T. Rowe Price Group on Friday, setting a price target of $115, which is approximately 6.54% above the present share price of $107.94.
Grocery Outlet Holding Corp. could become the go-to supermarket for many bargain-hunting new customers who find food prices rising elsewhere, Cowen analysts say. Grocery Outlet (GO) is an “extreme value” supermarket chain with 350 stores across California, Pennsylvania, Washington and a few other states. Grocery Outlet stock began trading in June 2019.
Hedge funds don't get the respect they used to get. Nowadays investors prefer passive funds over actively managed funds. One thing they don't realize is that 100% of the passive funds didn't see the coronavirus recession coming, but a lot of hedge funds did. Even we published an article near the end of February and […]
Valens Research uses what’s called uniform accounting to remove ‘noise’ and identify overlooked risks to investors.
Beef Prices Rise to Record Highs As Tyson Foods Stays Shut Down Despite President Trump’s executive order for meat processing plants to remain open, meat processing plants, particularly of Tyson Foods (NYSE:TSN), remain closed. On the one hand is President Trump, executively ordering them to open back up, and on the other hand is the […]The post Market Morning: Beef Prices to Record Highs, China Warns of Conflict, Germany Against ECB appeared first on Market Exclusive.
It took a pandemic to turn sleepy packaged-foods shares into growth stocks. Why Campbell Soup, Conagra, and other big food suppliers could have more gains in store.