Conagra Brands Inc. (CAG)
Summary
Conagra Brands: Cutting The Dividend Was The Right Thing To Do
Conagra Brands, Inc. reported Q4 '26 earnings earlier today. Net organic sales were flat following a 1.6% decline in volume entirely offset by a 1.6% increase in price/mix. Based on the newly released guidance for fiscal 2027, net organic sales are expected to decline between 1% and 3%, and adjusted operating margins are expected to contract further to around 10%. This would mark the fourth consecutive year of organic net sales declines and margin compression. To provide some context, the company's operating margins were in excess of 15% in 2023.
Conagra Brands begins strategic reset with dividend cut and higher reinvestment
Conagra Brands Inc (NYSE:CAG) is embarking on a strategic reset after reporting fourth quarter results that missed expectations on sales and operating profit, prompting Jefferies to reiterate its Hold rating while raising its price target to $14 from $13. The company reported fourth quarter revenue and operating profit below consensus expectations, although adjusted earnings per share were broadly in line with forecasts, helped by a lower tax rate.
CAG Q4 Earnings Call Highlights Margin Reset and Cost Focus
Conagra Brands outlines a margin reset focused on restoring profitability, boosting supply chain capabilities and simplifying its portfolio for fiscal 2027.
Conagra Brands Inc. Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| DI David Izzi Brown, LISLE/CUMMINGS Inc. | 2,967 | $78,011.21 | $42,353.92 | -$35,657.29 | -45.71% |
| TMB Timothy M. Bidwell Hazlett, BURT & WATSON Inc. | 328 | $12,319.68 | $4,682.2 | -$7,637.48 | -61.99% |
| CE Curtis Ellergodt Rothschild Investment LLC | 9,404 | $172,187.05 | $134,242.1 | -$37,944.95 | -22.04% |
| ABB Alexander Bjornager Bonde Danske Bank A/S | 3,700 | $64,047 | $52,817.5 | -$11,229.5 | -17.53% |
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 4,911 | $91,878.38 | $69,858.97 | -$22,019.41 | -23.97% |
Conagra Brands Inc. Analysts
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| AL Andrew Lazar Barclays | 3,631.08 | $50,000 | $52,741.47 | $2,741.47 | 5.48% |
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Conagra Brands Inc. Profile
| Food Products Industry | Consumer Staples Sector | Sean Connolly CEO | NYSE Exchange | 205887102 CUSIP |
| US Country | 18,500 Employees | 30 Apr 2026 Last Dividend | 10 Nov 2016 Last Split | - IPO Date |
Overview
Conagra Brands, Inc., a notable consumer packaged goods food company, primarily serves the United States through its diverse operations. Since its incorporation in 1919, Conagra has expanded its reach and now operates across four distinct segments: Grocery & Snacks, Refrigerated & Frozen, International, and Foodservice. This diversification allows the company to cater to a wide range of dietary and culinary preferences, making it a key player in the food industry. With its headquarters in Chicago, Illinois, Conagra remains committed to delivering high-quality food products to its global customer base, leveraging its historical expertise and trusted brand portfolio.
Products and Services
- Grocery & Snacks: This segment caters to consumers looking for shelf-stable food products. Conagra Brands provides a variety of food options that are perfect for pantry storage, ensuring customers have access to high-quality, convenient meal solutions and snacks.
- Refrigerated & Frozen: Specializing in temperature-controlled food products, this segment meets the demand for foods that require refrigeration or freezing. From frozen dinners to refrigerated meals, Conagra offers products that combine convenience with quality, meeting the needs of busy households.
- International: Expanding its offerings beyond the United States, the International segment delivers Conagra’s high-quality food products in various temperature states. Through both retail and foodservice channels, it adapts to global tastes and preferences, providing an array of food choices to international markets.
- Foodservice: Tailoring to the specific needs of restaurants and other foodservice establishments, this segment offers both branded and customized food products. It includes a range of meals, entrees, sauces, and custom-manufactured culinary products designed to meet the high standards of professional kitchens.
The company’s diverse portfolio includes well-known brands such as Birds Eye, Marie Callender's, Duncan Hines, Healthy Choice, Slim Jim, Reddi-wip, Angie's BOOMCHICKAPOP, and more. These brands are synonymous with quality and taste, catering to a wide array of consumer preferences and dietary needs.
