CAG - Conagra Brands, Inc.
| Previous Close | 32.76 |
| Open | 32.82 |
| Bid | 32.06 x 800 |
| Ask | 32.31 x 1000 |
| Day's Range | 32.25 - 32.93 |
| 52 Week Range | 20.85 - 35.59 |
| Volume | 3,571,280 |
| Avg. Volume | 4,499,517 |
| Market Cap | 15.719B |
| Beta (5Y Monthly) | 0.80 |
| PE Ratio (TTM) | 19.45 |
| EPS (TTM) | 1.66 |
| Earnings Date | Mar 18, 2020 - Mar 22, 2020 |
| Forward Dividend & Yield | 0.85 (2.63%) |
| Ex-Dividend Date | Jan 28, 2020 |
| 1y Target Est | 34.93 |
- Zacks
Conagra's Frozen & Snacks Businesses Solid, Cost Woes Prevail
Conagra (CAG) is undertaking solid efforts to boost the frozen and snacks businesses. Also, focus on portfolio refinement bodes well despite input cost inflation.
- Yahoo Finance
Wingstop is on fire just like its buffalo wings; CEO aims for 6,000 restaurants globally
Yahoo Finance speaks exclusively with Wingstop CEO Charlie Morrison fresh off the company's first-ever investor day.
- Zacks
The Zacks Analyst Blog Highlights: Beyond Meat, UBS, Walmart, Restaurant Brands International and Conagra Brands
The Zacks Analyst Blog Highlights: Beyond Meat, UBS, Walmart, Restaurant Brands International and Conagra Brands
- Zacks
4 Stocks to Gain on Growing Taste for Vegan Meat
In U.S. stores, shoppers now have more options for plant-based "faux foods" as firms are gradually unveiling more products in the competitive supermarket aisle.
- GuruFocus.com
Jana Partners Slims Holding in Calloway Golf
Event-driven firm discloses real-time sell in golf equipment manufacturer Continue reading...
- GuruFocus.com
Jana Partners Pares Stake in Conagra Brands
Activist firm reduces exposure to its largest holding Continue reading...
- Zacks
TreeHouse Foods (THS) Calls Off Contract With Post Holdings
TreeHouse Foods (THS) and Post Holdings terminate their deal for the RTE cereal business. Also, TreeHouse Foods inks a deal to offload two of its in-store bakery facilities to Rich Products.
- Benzinga
Recent Notable Insider Buys: Conagra Brands And Lamb Weston
Insiders at food producers started the new year with share purchases. Conventional wisdom says that insiders and 10% owners really only buy shares of a company for one reason — they believe the stock price will rise and they want to profit. A director at Lamb Weston Holdings Inc (NYSE: LW) purchased 18,000 shares of this Idaho-based frozen potato products maker last week.
- GuruFocus.com
Top Insider Buys Highlight for the Week of Jan. 10
Insiders invest in Salesforce.com, Lamb Weston, Karuna Therapeutics and Compass Diversified Holdings Continue reading...
- Barrons.com
Conagra Stock Surged in December. One Director Scooped Up Shares of the Slim Jim Maker.
The packaged-foods firm saw shares rise after reporting earnings in December, and Conagra director Craig Omtvedt made the largest insider purchase of stock in years.
CNW GroupOrville Redenbacher Celebrates 50 Years of Creating Memories Over a Perfectly Popped Bowl of Popcorn
TORONTO , Jan. 6, 2020 /CNW/ - Orville Redenbacher , a brand of Conagra Brands, Inc. (NYSE: CAG) is celebrating its 50th anniversary as a fan favourite, perfect to enjoy on your own or share with the entire family. " Orville Redenbacher popcorn has been a part of family traditions for generations and we are truly grateful to have the opportunity to continue sharing the legacy and being a part of the experience for millions of Canadians!" said Ian Roberts, Vice President and General Manager at Conagra Brands Canada. Set out to make the best quality popping corn the world has ever seen, the legendary Orville Redenebacher perfected and shared his love of agriculture creating his special kernel that we cherish and crave.
- GuruFocus.com
Top Insider Buys Highlight for the Week of Jan. 3
Insiders invest in Conagra Brands, Darden Restaurants, Gran Tierra Energy and USA Technologies Continue reading...
- Simply Wall St.
Insider Buying: The Conagra Brands, Inc. (NYSE:CAG) Independent Director Just Bought US$1.4m Worth Of Shares
Those following along with Conagra Brands, Inc. (NYSE:CAG) will no doubt be intrigued by the recent purchase of shares...
- Zacks
Conagra Reshapes Portfolio, Divests Lender's Bagel Business
Conagra Brands (CAG) closes the divesture of its Lender's bagel business to Bimbo Bakeries.
- PR Newswire
Conagra Brands Completes Divestiture Of Lender's Bagel Business To Bimbo Bakeries USA, Inc.
Today Conagra Brands, Inc. (NYSE: CAG) announced that it has completed the divestiture of its Lender's Bagel business to Bimbo Bakeries USA, Inc., a subsidiary of Grupo Bimbo S.A.B. de C.V. The transaction included the Lender's brand and related intellectual property, the production facility in Mattoon Ill., and inventory.
- Zacks
Here's Why Conagra (CAG) is Up More Than 50% in a Year
Conagra's (CAG) focus on refining portfolio through prudent buyouts and divestitures bodes well. Also, the company is undertaking initiatives to boost the frozen and snacking businesses.
- InvestorPlace
Beyond Meat Stock Was a Great 2019 Story, But the Sizzle Is Gone
Beyond Meat (NASDAQ:BYND) stock excited investors throughout 2019. In a year in which many high-profile initial public offerings crashed and burned, Beyond Meat was a true superstar.Source: Shutterstock While the IPOs of ride-sharing companies and other big names flopped, the feisty alternative-meat upstart dazzled its hardcore fans and spectators alike, as its shares rose as much as 800% from their IPO price. However, it seems that the party has already come to an end. Beyond Meat has lost more than half its value since its peak, while insiders have sold the stock in bulk, indicating that its $200 price tag was simply outlandish. Meanwhile, the rise of additional competition casts doubt on Beyond Meat's ability to maintain its stellar growth rates for much longer. The Competition Will Eat Beyond Meat For LunchBeyond Meat bulls can point to the rapid growth of the company's distribution points and big-name partners, including the Los Angeles Lakers. However, there's little evidence that these deals will cement Beyond Meat as a durable, winning brand for the long-run. It's estimated that plant-based meats are a $12 billion market now, and that they will grow to $27 billion over the next five years. That sounds good.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Best Stocks for 2020 Yet the amount of competition in the space is growing at a much faster rate. All the major established protein companies like Tyson (NYSE:TSN), Hormel (NYSE:HRL) and Maple Leaf Foods already have their own plant-based products. Tyson in particular has a bunch of competing brands, as it has its own products and has invested in numerous upstart competitors in the space.There's an inherent contradiction in the bullish thesis on Beyond Meat. On the one hand, the company needs a large market, including people who eat animal meat, to consume Beyond Meat's products for the stock's valuation to make any sense.But for bulls' estimates to be accurate, those same consumers have to reject products from the likes of Hormel and Tyson simply because they also sell animal meat. However, the average consumers who goes to fast food chains and supermarkets don't care if companies make animal meat products. If a big company sells high-quality plant burgers, most consumers will be willing to buy them. The Battle for Consumers' LoyaltyMeanwhile, on grocery store shelves, the Tysons and Conagras (NYSE:CAG) of the world will win again, as they have decades-old distribution agreements with grocery stores and sell products in many of their aisles. They have way more influence and marketing power than a one-hit-wonder company like Beyond Meat. Look at Conagra, whose stock jumped 16% on Thursday.It reported strong earnings, in part due to its Gardein line of plant-based meats, which grew rapidly in the third quarter. On their conference call, Conagra noted that it is investing heavily in additional manufacturing and distribution capability for its brand that competes with Beyond Meat.Given the power of established companies like Conagra, the route to success for food and beverage startups has usually been to sell themselves to larger companies. However, with Beyond Meat's valuation already up in the stratosphere, it's not a good takeover candidate. Any company that acquires Beyond Meat would crush the acquirer's valuation and profitability.And Beyond Meat isn't the only start-up in the space. Even if, somehow, the upstarts manage to beat Tyson, Conagra, Hormel, and a long list of other rivals, they will still have plenty of competition. Burger King's Impossible Whopper after all, is not made by Beyond Meant, but by another start-up. Beyond Is Already Losing TractionDuring the last Beyond Meat conference call, Seth Goldman, the company's Executive Chair, said:So we do anticipate we'll be doing more promotion through trade and discounts going into the future. But we've been fortunate with the demand that we've seen. We haven't had to do a lot of promotions so far.Remember, the company is barely breaking even now. And that's with its profit margins still relatively high, as the flood of competing products has just started to reach supermarket shelves. With that in mind, Goldman noted that the company will be discounting more going forward and that it hasn't had to implement competitive pricing "so far." Those are the magic words. As the company's pricing pressures mount and its profit margins drop, Beyond Meat's stock will suffer a crushing blow.After the recent plunge of Beyond Meat's stock price, the shares have gone from absurdly priced to - well - still absurd. In fact, little has changed. Whether or not Beyond Meat has a market cap of $5 billion or $10 billion, its valuation is still not close to realistic.Its 2019 revenue will be just $270 million, so it is still selling at nearly 20 times its revenue.The stocks of normal meat products companies, by contrast, sell for two times their revenue or less. Tyson currently is selling for less than one time its revenue. Beyond Meat remains an outlier.On the bottom line, things don't look much better. Beyond Meat is selling for around 250 times its 2019 adjusted EBITDA. By contrast, ordinary meat companies sell for no more than 15 times their EBITDA, even during good times. Beyond Meat's Bottom LineBeyond Meat reminds me of Tilray (NASDAQ:TLRY) at this point. Both sell fast-growing products focused on an emerging consumer products space. Both have a fashionable product and tons of cool people using it. Celebrity endorsements keep rolling in. Once the stocks launched their IPOs, they went sky-high. Tilray soared from $25 to as high as $300. Beyond Meat jumped from $25 to more than $200.Tilray has already collapsed. Not too long ago, Tilray's shares fell back below their original IPO price. Anyone who bought the stock during the IPO has seen their gains disappear. And those who bought the stock near the top has suffered crushing losses.Beyond Meat appears to be following the same trajectory. While its shares are only back down to $78 so far, don't think for a second that they can't return to $25. Just as oversupply crushed the recreational cannabis market, a flood of plant-based consumer products will scorch Beyond Meat's margins and reveal the company to be a small fish in an awfully large pond.Don't be fooled into believing that Beyond Meat's stock is cheap because its price has dropped; $5 billion is still a jaw-dropping valuation for a company of this size whose competitive advantage is so weak.At the time of this writing, Ian Bezek owned CAG and HRL stock. You can reach him on Twitter at @irbezek. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Vaping Stocks to Get into Ahead of the Crowd * 5 Retail Stocks That Are Winning Big This Holiday Season * Make the Shift Toward Value Stocks With These 5 Picks The post Beyond Meat Stock Was a Great 2019 Story, But the Sizzle Is Gone appeared first on InvestorPlace.
- American City Business Journals
Here's when Conagra Foods will finish its $70M expansion in Troy
Synergies are abundant within the existing plant, which produces and distributes roughly one billion Slim Jim snacks per year.
- Simply Wall St.
Earnings Miss: Conagra Brands, Inc. Missed EPS By 5.9% And Analysts Are Revising Their Forecasts
The investors in Conagra Brands, Inc.'s (NYSE:CAG) will be rubbing their hands together with glee today, after the...
- Simply Wall St.
Is Conagra Brands, Inc. (NYSE:CAG) Trading At A 45% Discount?
Today we will run through one way of estimating the intrinsic value of Conagra Brands, Inc. (NYSE:CAG) by taking the...
- GuruFocus.com
US Indexes Resume Rally, Closing Higher Thursday
Dow Jones, S&P; 500 and Nasdaq close at record highs Continue reading...
- MarketWatch
Conagra stock soars as ‘on-trend’ plant-based meats and carbs help fuel earnings beat
Shares of Conagra Brands Inc. rocketed on heavy volume Thursday, toward the biggest one-day gain since 1970s, after the parent of consumer foods brands, including Birds Eye, Healthy Choice, Slim Jim and Duncan Hines, beat sales expectations for the first time in six quarters.
- Reuters
US STOCKS-Record-setting rally resumes as Mnuchin says trade deal to be signed
Wall Street's major indexes resumed their rally with fresh records on Thursday as U.S. Treasury Secretary Steven Mnuchin said an initial U.S.-China trade deal would be signed in early January. The benchmark S&P 500 hit a sixth straight all-time high, its longest streak since January 2018, and the Nasdaq ended with gains for the seventh session in a row.
- Reuters
US STOCKS-Wall St sets records again as Mnuchin says trade deal to be signed
Wall Street's major indexes resumed their rally with fresh records on Thursday as U.S. Treasury Secretary Steven Mnuchin said an initial U.S.-China trade deal would be signed in early January. The benchmark S&P 500 hit a sixth straight record high, its longest streak since January 2018. The Dow Jones Industrial Average and the Nasdaq also touched new highs.
