AllAnalyst Report
logoMorningstarSeptember 10, 2020

Conagra Brands, Inc.: While Conagra’s Robust Sales Growth Should Not Persist, Market Share Gains May; Shares Fairly Valued

Symbols
CAG
Sector(s)
Consumer Defensive
Rating
Premium
Current Price
$35.68
Fair Value
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Economic Moat
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Stewardship
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Summary

Conagra Brands is a packaged food company that operates predominantly in the United States (92% of revenue and 94% of profits). It has a significant presence in the freezer aisle, with brands such as Marie Callender’s, Healthy Choice, Banquet, and Birds Eye. Popular center-of-store brands include Duncan Hines, Hunt’s, Slim Jim, Vlasic, Orville Redenbacher's, and Chef Boyardee. While the majority of revenue is sold into the U.S. retail channel, 11% of sales are to the food-service channel.

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