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Conagra Brands, Inc.(CAG)

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ADVISORIES YOU CAN VERIFY
QUALITY SIGNAL
1-STAR RATING
PASS
LAST CLOSE
$14.32
09/25/2026
(24-hour delay)

Advisory History & Simulated Performance *

*as per simulation (see disclosures)
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Upturn Advisory & Investor View for CAG

09/25/2026: CAG (1-star) is currently NOT-A-BUY. Pass it for now.

Conagra Brands is a mature consumer packaged goods company known for a portfolio of familiar household brands like Healthy Choice and Slim Jim. The company has a leading position in the North American frozen and shelf-stable segments, which provides stable cash flows. Its main growth story centers on operational discipline, brand renovation, and innovation in high-convenience categories. However, investors must weigh these strengths against risks, including intense competition from private labels, sensitivity to commodity cost inflation, and moderate debt levels. Conagra may best suit value and dividend-focused investors, provided they monitor the company’s ability to successfully pass through pricing and maintain brand relevance.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorWeak fitConagra is a mature, slow-growth packaged food company, not a high-growth technology or disruptive enterprise.
Momentum investorMixed fitThis is a conditional play based on positive upturn signals regarding margin recovery or sector rotation.
Value investorStrong fitThe company often trades at reasonable valuation multiples, making it attractive to those seeking stable cash flows.
Dividend investorStrong fitConagra provides a reliable and consistent dividend yield that appeals to income-oriented portfolios.
Low-risk investorStrong fitAs a consumer staple, Conagra typically exhibits lower volatility compared to the broader, more cyclical market.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityMediumAs a consumer staple, the stock is generally less volatile than growth equities but susceptible to broad sector sell-offs.
Valuation riskLowThe stock historically trades within a moderate valuation band consistent with the mature packaged food industry.
Competition risk (private label)Medium / highPrivate label products pose a constant threat to market share during periods of high consumer price sensitivity.
Business qualityMediumThe company maintains a solid portfolio of well-known brands, though it faces the challenges of a maturing food market.
Dividend incomeLow / noneThe dividend is well-supported by cash flows, making it a reliable component of the investment thesis.
Execution riskMediumSuccess depends on the ongoing ability to manage input costs and maintain brand relevance through innovation.

Price Behavior

Downtrend
PRICE PATH

Downtrend

The stock has experienced a sustained decline in price over recent periods.

Moderately Choppy
PRICE STABILITY

Moderately Choppy

The stock has experienced noticeable price swings while retaining some directional structure.

Analysis of Past Performance

Type Stock
Historic Profit -13.69%
Avg. Invested days 40
Today’s Advisory PASS
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 2.0
Stock Returns Performance Upturn Returns Performance icon 1.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 09/25/2026

Upturn Scorecard

Upturn Star Rating

★★★★★
CAG receives a 3-star rating, supported by available scored pillars. The rating is constrained by weak unit economics, weak price momentum, and limited analyst upside.

Company Fundamentals

★★★★★
CAG has moderate overall fundamentals (3 stars), with soft financial health, soft growth momentum, and solid ownership. In FY2026 versus FY2025, solid cash generation (FCF margin 8.7%) is partially offset by negative earnings growth (-266.3%), slightly negative revenue growth (-2.9%), soft profitability (net margin -17.0%).

Financial Health Rating

★★★★★
CAG's financial health is supported by moderate cash strength, including free-cash-flow generation (8.7% of revenue). Profitability is soft (2 stars), which helps explain the 2-star overall score.

Growth Momentum Score

★★★★★
CAG's growth profile is soft, with the least-weak measure being revenue growth at -2.9% FY2026 versus FY2025. By comparison, while earnings growth (-266.3%, negative) and free-cash-flow growth (-24.9%, negative) hold the profile back, so recent growth is not broad-based across the business.

Ownership

★★★★★
Institutional ownership is 90.6% and approximately 99.3% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership is only 0.65%, which materially reduces the ownership score.

Top 5 Institutional Investors

BlackRock Inc 10.45%
Vanguard Capital Management, LLC 6.47%
State Street Corp 5.21%
Vanguard Portfolio Management, LLC 4.95%
Amvescap Plc. 4.34%

Unit Economics (Per $1K Revenue)

★★★★★
CAG generates approximately $239 of gross profit, $-144 of operating income, and $87 of free cash flow for every $1,000 of revenue. Based on FY2026 results. Strong cash conversion and healthy margins support the rating, although capital efficiency remains below the highest tier.

Economic Dimensions

★★★★★
Effective Tax Rate: -5.03% (Tax Credit)

Quantitative Style Profile

★★★★★
CAG has a liquid, relatively low-volatility profile. Weak momentum is the primary drawback.

Style Classification

Quality Focused

Value-OrientedLow VolatilitySmall / Mid Cap RiskShort Squeeze RiskHighly Liquid / Institution-Friendly

Key Highlights

Company Size Mid-Cap Stock
Market Capitalization 6.85B USD
Price to earnings Ratio -
1Y Target Price 14.41
Price to earnings Ratio -
1Y Target Price 14.41
Volume (30-day avg) 10.6M shares
Beta -0.03
52 Weeks Range 12.39 - 19.60
Updated Date 09/27/2026
52 Weeks Range 12.39 - 19.60
Updated Date 09/27/2026
Dividends yield (FY) 9.54%
Basic EPS (TTM) -3.97

How Company Makes Money

Business areaWhat it includesRetail investor read
Retail (Grocery & Snacks)Shelf-stable staples like Hunt's, Slim Jim, and Orville Redenbacher's.This segment is a reliable revenue engine driven by household pantry staple consumption.
Refrigerated & FrozenFrozen meals like Healthy Choice, Marie Callender's, and Banquet.A key growth and innovation engine that capitalizes on convenience-focused eating habits.
FoodserviceCustomized culinary solutions for restaurants and institutions.This area benefits from the broader recovery and growth in commercial dining and away-from-home eating.

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Revenue by Geography

Geography revenue - Year on Year

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Earnings Date

Report Date 2026-09-30
When Before Market
Estimate 0.31
Actual -

Profitability

Profit Margin -16.99%
Operating Margin (TTM) 13.77%

Management Effectiveness

Return on Assets (TTM) 4.4%
Return on Equity (TTM) -25.06%

Valuation

Trailing PE -
Forward PE 10.62
Enterprise Value 14.15B
Price to Sales(TTM) 0.61
Enterprise Value 14.15B
Price to Sales(TTM) 0.61
Enterprise Value to Revenue 1.27
Enterprise Value to EBITDA 14.98
Shares Outstanding 478.57M
Shares Floating 475.07M
Shares Outstanding 478.57M
Shares Floating 475.07M
Percent Insiders 0.65
Percent Institutions 90.59

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Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

About Conagra Brands, Inc.

Exchange NYSE
Headquarters Chicago, IL, United States
IPO Launch date 1984-09-07
CEO, President & Director Mr. John P. Brase
Sector Consumer Defensive
Industry Packaged Foods
Full time employees 17400
Full time employees 17400

Conagra Brands, Inc., together with its subsidiaries, operates as a branded consumer packaged goods food company primarily in the United States. The company operates in four segments: Grocery & Snacks, Refrigerated & Frozen, International, and Foodservice. The Grocery & Snacks segment primarily offers shelf stable food products through various retail channels. The Refrigerated & Frozen segment provides temperature-controlled food products through various retail channels. The International segment offers food products in various temperature states through retail and foodservice channels outside of the United States. The Foodservice segment offers branded and customized food products, including meals, entrees, sauces, and various custom-manufactured culinary products packaged for restaurants and other foodservice establishments. The company sells its products under the Birds Eye, Duncan Hines, Healthy Choice, Marie Callender's, Reddi-wip, Slim Jim, and Angie's BOOMCHICKAPOP brands. Conagra Brands, Inc. was incorporated in 1919 and is headquartered in Chicago, Illinois.