|Bid||25.73 x 11900|
|Ask||26.24 x 11700|
|Day's Range||25.61 - 25.65|
|52 Week Range||17.99 - 32.50|
|Beta (3Y Monthly)||0.85|
|PE Ratio (TTM)||16.78|
|Forward Dividend & Yield||0.76 (2.94%)|
|1y Target Est||N/A|
Jim Cramer chats with Conagra CEO Sean Connolly to find out how the packaged foods company is catering to what young consumers want.
Shares of the packaged-foods giant still haven’t recovered from 2018’s dive. Conagra director Craig Omtvedt recently bought the stock.
Conagra Brands Inc (NYSE: CAG ) reported a fourth-quarter earnings miss Thursday, but two bull analysts were unfazed. The Analyst Bank of America Merrill Lynch's Bryan Spillane reiterated a Buy rating ...
The Fed’s annual stress test, that is. The nation’s largest banks all have strong capital levels and meet the Fed’s capital planning expectations, the Fed said. In non-financial talk, this means the Fed thinks they can all survive a severe recession.
(Bloomberg) -- Conagra Brands Inc. tumbled as much as 13% after the frozen-food and snacks giant posted results that were below expectations in the latest quarter. Higher steel prices and strong competition from cheaper private-label brands were big headwinds, Chief Executive Officer Sean Connolly said in an interview.Sales were $2.61 billion in the fourth quarter ended May 26, the company said Thursday in a statement, while analysts anticipated $2.66 billion, on average.Key InsightsThe company said a 14% jump in steel can prices forced it to raise prices for some products, like Hunt’s tomatoes and Chef Boyardee -- but private-label brands didn’t follow suit, leading to price gaps customers couldn’t ignore. Conagra also blamed several "one-off" manufacturing challenges and weak performance in its Ardent Mills flour joint venture for the shortfall.The recent acquisition of frozen-food company Pinnacle helped boost sales overall, and the integration of the business remains on track, the company said, with about $31 million in cost savings realized in the fiscal year. But some of the brands, such as Birds Eye, Duncan Hines and Wish-Bone, have had issues and the company said earlier this year they all needed innovation.The company is trying to lean into food trends, including expanding its manufacturing capacity for its vegetarian Gardein brand as plant-based demand grows. It has also made on-trend changes to its Marie Callender’s line, like switching from trays to bowls and simplifying its ingredients, but was undercut on price by competitors, Connolly said.Share ReactionThe shares were fell as low as $25.06 in New York. The stock has been volatile this year. Through the close Wednesday, it was up 35%, beating the 16% gain in the S&P 500 Index.Read MoreFor more details on the results, see here.For the company’s statement, click here.(Adds CEO comments throughout)\--With assistance from Karen Lin.To contact the reporters on this story: Deena Shanker in New York at email@example.com;Cécile Daurat in Wilmington at firstname.lastname@example.orgTo contact the editors responsible for this story: Anne Riley Moffat at email@example.com, Jonathan RoederFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
fell on Thursday after the company reported fiscal fourth-quarter and full-year 2019 earnings that fell short of analysts' forecasts - less than two months after telling investors it was expecting a strong finish to its fiscal year. Conagra shares were down nearly 12% at $25.57 in late morning trading on the New York Stock Exchange after the Chicago-based company posted fiscal fourth-quarter adjusted net income of $175 million, or 36 cents a share, vs. $196 million, or 50 cents a share, in the comparable year-earlier quarter. For the full fiscal year, Conagra said it earned $892 million, or $2.01 an adjusted share, up from $808.4 million, or $1.98 an adjusted share, a year earlier but below the $2.06 a share forecast by analysts polled by FactSet.
FreightWaves and Convoy recently teamed up to present the first annual Shipper of Choice Award to a top-notch manufacturer, distributor or retailer. Conagra Brands (NYSE: CAG) ranked number 4 out of 25 award winners. The first-of-its-kind award was created to recognize shippers committed to eliminating inefficiencies from the supply chain and aiming to be excellent partners for their carriers.
A leading activist investor that pushed Apple last year to do more about the iPhone’s effects on children has postponed the launch of a long-awaited socially responsible investment fund.
Conagra Brands Stock Fell ~13% in May(Continued from Prior Part)Valuation within reachIn May, the 13% decline in Conagra Brands (CAG) stock made its valuation attractive. Conagra Brands shares are trading at a forward PE ratio of 12.9x, which is
Conagra Brands Stock Fell ~13% in MayConagra Brands stockConagra Brands (CAG) shares fell ~13% in May due to weak organic sales and earnings in the fourth quarter. Pressure on the margins remained a drag. Conagra Brands faces tough YoY
Conagra Stock Is Outperforming Peers: Will the Trend Continue?(Continued from Prior Part)Pressure on earnings Conagra Brands (CAG) has exceeded Wall Street’s adjusted EPS expectations in the past two quarters despite heightened pressure on
Conagra Stock Is Outperforming Peers: Will the Trend Continue?(Continued from Prior Part)Why sales continued to miss estimateConagra Brands’ (CAG) top line marked strong growth during the last reported quarter thanks to the incremental sales from
Conagra Stock Is Outperforming Peers: Will the Trend Continue?(Continued from Prior Part)Wall Street recommends a “buy” for ConagraThe majority of Wall Street analysts providing ratings on Conagra Brands (CAG) stock maintain a “buy”
Conagra Stock Is Outperforming Peers: Will the Trend Continue?Stock performance so far this yearConagra Brands stock has risen 25.4% since it announced stronger-than-expected fiscal 2019 third-quarter earnings on March 21. Moreover, CAG stock is up
After that, Hines says, it hopes to put up six more buildings that would transform the sleepy, suburban-style Conagra office park into a densely packed urban neighborhood with more than 1,000 residents and what the developer calls a “24/7” feel. The area between the artificial Conagra Lake and downtown Omaha used to be so densely packed with hulking mid-rise brick warehouse buildings that it was known as Jobbers Canyon. Built in the early 1900s, 24 of the Jobbers Canyon warehouses survived intact, if underutilized, deep into the century, and were added to the National Register of Historic Places in 1986.
Conventional wisdom says that insiders and 10 percent owners really only buy shares of a company for one reason -- they believe the stock price will rise and they want to profit from it. The Kinder Morgan Inc (NYSE: KMI) executive chair of the board, Richard Kinder, has picked up more than 502,600 additional shares of this Houston-based energy infrastructure giant. Kinder Morgan's first-quarter results came in largely as expected, and analysts still see some upside going forward.
jumped more than 6% on Wednesday after the company reaffirmed its guidance to Wall Street analysts and investors, and said it expects to see positive growth and margin expansion. In a presentation to investors filed with regulators, Conagra CEO Sean Connolly pointed to the success of the company's Lamb Weston spinoff, its integration of Pinnacle Foods, and the recalibration of several of its iconic brands including Reddi-wip, Orville Redenbacher, Slim Jim and Chef Boy-Ar-Dee as reasons behind the company's optimistic forecasts. Pinnacle Foods oversees three key brands: Birds Eye, Duncan Hines and Wish Bone.