Conagra Brands, Inc. (CAG)

Conagra Brands' stock price has declined over the past six months. The stock was down 12.04% over the past 30 days and 33.57% over the past 12 months as of July 15, 2025. Recent events impacting the stock include weaker-than-expected Q4 Fiscal Year 2025 earnings, an updated fiscal 2025 outlook due to customer service interruptions and foreign exchange headwinds, and the divestiture of its Mrs. Paul's and Van de Kamp's brands. The company has also been navigating persistent inflation, increased costs, and supply chain constraints.

Demand for Conagra Brands products is influenced by holidays, seasons, and annual events. There was strong demand for frozen vegetables during the winter months, leading to inventory depletion. The timing of seasonal shipments in the Grocery & Snacks segment varied compared to the previous year. Conagra has reported strong consumer pull for its frozen foods and snacks segments, but has also noted an industry-wide slowdown in consumption and changes in consumer behavior.

Conagra Brands, Inc. is an American consumer packaged goods holding company based in Chicago, operating in the Consumer Staples sector and Packaged Foods industry. It manufactures and distributes branded food and foodservice items, with a diverse product portfolio including brands like Birds Eye, Marie Callender's, and Slim Jim. The company operates through four segments: Grocery & Snacks, Refrigerated & Frozen, International, and Foodservice.

Conagra Brands primarily focuses on the North American market, with over 90% of its fiscal 2024 revenue coming from the United States and Canada. It also has an international presence in Latin America, Asia Pacific, and Europe. The company operates manufacturing facilities and sales offices in the US, Mexico, Canada, China, Panama, and the Philippines, with ownership interests in international facilities in Bangladesh, Sri Lanka, India, and Mexico. Walmart, Inc. is its largest customer, accounting for approximately 28% of consolidated net sales for fiscal 2024.

Conagra Brands is generally known for producing quality food and prioritizing innovation, with a focus on corporate social responsibility. However, the company's brand reputation has faced potential challenges due to quality inconsistencies and supply constraints, product allocation and reduced merchandising, and consumer demand shifts. Conagra is modernizing its product offerings, including eliminating FD&C colors from its U.S. frozen product lineup, which could positively impact brand perception.

Conagra Brands is primarily owned by institutional shareholders, who hold 84.39% of the company's stock. Company insiders own 7.85%, and retail investors hold 7.77%. Major institutional owners include Vanguard Group Inc, BlackRock, Inc., and State Street Corp. Jana Partners LLC is the largest individual shareholder, owning 4.14% of the company.