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ConAgra Foods Inc (CAG)CAG

Upturn stock ratingUpturn stock rating
ConAgra Foods Inc
$29.37
Delayed price
PASS
upturn advisory
  • BUY Advisory
  • Profitable SELL
  • Loss-Inducing SELL
  • Profit
  • Loss ​
  • PASS (Skip invest)*​ ​
Upturn Stock infoUpturn Stock info Stock price based on last close
*as per simulation
(see disclosures)
Time period over
  • ALL
  • YEAR
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Upturn Advisory Summary

10/11/2024: CAG (1-star) is currently NOT-A-BUY. Pass it for now.

Analysis of Past Performance​

Type: Stock
Upturn Star Rating​ Upturn stock ratingUpturn stock rating
Today’s Advisory: PASS
Historic Profit: -9.12%
Upturn Advisory Performance Upturn Advisory Performance2
Avg. Invested days: 44
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Stock Returns Performance Upturn Returns Performance 1
Last Close 10/11/2024
Type: Stock
Today’s Advisory: PASS
Historic Profit: -9.12%
Avg. Invested days: 44
Upturn Star Rating​ Upturn stock ratingUpturn stock rating
Stock Returns Performance Upturn Returns Performance 1
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 10/11/2024
Upturn Advisory Performance Upturn Advisory Performance2

Key Highlights

Company Size Large-Cap Stock
Market Capitalization 13.83B USD
Price to earnings Ratio 28.4
1Y Target Price 31.36
Dividends yield (FY) 4.83%
Basic EPS (TTM) 1.02
Volume (30-day avg) 5454276
Beta 0.31
52 Weeks Range 25.71 - 32.84
Updated Date 11/3/2024
Company Size Large-Cap Stock
Market Capitalization 13.83B USD
Price to earnings Ratio 28.4
1Y Target Price 31.36
Dividends yield (FY) 4.83%
Basic EPS (TTM) 1.02
Volume (30-day avg) 5454276
Beta 0.31
52 Weeks Range 25.71 - 32.84
Updated Date 11/3/2024

Earnings Date

Report Date -
When -
Estimate -
Actual -
Report Date -
When -
Estimate -
Actual -

Profitability

Profit Margin 4.14%
Operating Margin (TTM) 14.74%

Management Effectiveness

Return on Assets (TTM) 5.31%
Return on Equity (TTM) 5.61%

Revenue by Products

Revenue by Products - Current and Previous Year

Revenue by Geography

Revenue by Geography - Current and Previous Year

Valuation

Trailing PE 28.4
Forward PE 11.06
Enterprise Value 22470098983
Price to Sales(TTM) 1.16
Enterprise Value to Revenue 1.88
Enterprise Value to EBITDA 16.53
Shares Outstanding 477272992
Shares Floating 474356868
Percent Insiders 0.56
Percent Institutions 90.77
Trailing PE 28.4
Forward PE 11.06
Enterprise Value 22470098983
Price to Sales(TTM) 1.16
Enterprise Value to Revenue 1.88
Enterprise Value to EBITDA 16.53
Shares Outstanding 477272992
Shares Floating 474356868
Percent Insiders 0.56
Percent Institutions 90.77

Analyst Ratings

Rating 3.18
Target Price 30.36
Buy 3
Strong Buy -
Hold 14
Sell -
Strong Sell -
Rating 3.18
Target Price 30.36
Buy 3
Strong Buy -
Hold 14
Sell -
Strong Sell -

AI Summarization

ConAgra Foods Inc.: A Comprehensive Overview

Company Profile:

History and Background:

ConAgra Foods Inc. (CAG) is a leading consumer packaged goods (CPG) company with a rich history dating back to 1919. Originally founded as the Nebraska Consolidated Mills Company, the company evolved through a series of mergers and acquisitions, ultimately adopting the ConAgra name in 1971. Today, ConAgra Foods boasts a diverse portfolio of iconic brands, spanning various food categories, including:

  • Frozen Foods: Birds Eye, Banquet, Marie Callender's
  • Refrigerated Foods: Slim Jim, Hebrew National, Orville Redenbacher's
  • Snacks: Angie's Boom Chicka Pop, DAVID Seeds, BIGS
  • Grocery & Meal Solutions: ConAgra, Chef Boyardee, PAM, Hunt's

Leadership and Corporate Structure:

The company is led by CEO Sean Connolly and a seasoned executive team with extensive experience in the food industry. ConAgra Foods follows a decentralized organizational structure, with three primary operating segments: Retail Foods, Foodservice, and International. Each segment operates independently, focusing on specific customer needs and market dynamics.

Top Products and Market Share:

ConAgra Foods boasts an impressive portfolio of top-selling brands, some of which hold significant market share:

  • Birds Eye: Market leader in frozen vegetables in the US (40% share), #2 in frozen seafood (10% share)
  • Slim Jim: Leading brand in the meat snack category with over 40% market share
  • Marie Callender's: Top 3 player in the frozen meal category with approximately 10% market share
  • Orville Redenbacher's: Leading brand in microwave popcorn with around 40% market share

Total Addressable Market:

The global food and beverage market is vast, exceeding $8 trillion in 2023. ConAgra Foods primarily operates in the US, which represents a significant portion of this market. The company also has a presence in international markets, generating around 10% of its revenue from outside the US.

Financial Performance:

Recent Financial Statements:

ConAgra Foods' recent financial performance has been marked by consistent revenue growth and margin expansion. In 2022, the company generated net sales of $11.5 billion, representing a 4% increase from the previous year. Operating income also grew by 10%, reaching $1.4 billion. Diluted earnings per share (EPS) increased by 14%, reaching $2.21.

Cash Flow and Balance Sheet:

ConAgra Foods maintains a healthy cash flow position and a strong balance sheet. The company generated $1.3 billion in operating cash flow in 2022, demonstrating its ability to generate sufficient cash to fund its operations and investments. The company also maintains a manageable debt-to-equity ratio, indicating a sound financial structure.

Dividends and Shareholder Returns:

ConAgra Foods has a consistent track record of paying dividends to shareholders. The current annual dividend yield is approximately 4.5%, which is above the average for S&P 500 companies. The company also engages in share repurchases, contributing to shareholder value creation.

Growth Trajectory:

ConAgra Foods has experienced steady historical growth over the past five years, with revenue increasing by an average of 3% annually. The company's future growth prospects are promising, driven by several factors, including its strong brand portfolio, innovation initiatives, and focus on expanding into higher-growth categories.

Market Dynamics:

The food industry is characterized by several key trends, including:

  • Increasing demand for convenient and healthy food options
  • Growing popularity of plant-based alternatives
  • Rising consumer interest in sustainability and ethical sourcing

ConAgra Foods is well-positioned to capitalize on these trends through its ongoing product innovation and strategic partnerships.

Competitors:

ConAgra Foods competes with various players in the food industry, including:

  • Kellogg's (K): Market leader in breakfast cereals, with a strong presence in snacks and frozen foods
  • General Mills (GIS): Leading player in cereals, snacks, and baking products
  • Kraft Heinz (KHC): Major player in condiments, sauces, and packaged meals

ConAgra Foods distinguishes itself through its diverse brand portfolio, focus on innovation, and strong distribution network.

Potential Challenges and Opportunities:

Challenges:

  • Increasing competition from both established players and emerging brands
  • Rising input costs, putting pressure on margins
  • Shifting consumer preferences towards healthier and more sustainable products

Opportunities:

  • Expanding into high-growth categories, such as plant-based foods
  • Leveraging its strong brand portfolio for innovation and new product launches
  • Enhancing its digital capabilities to better engage with consumers

Recent Acquisitions (2021-2023):

  • 2021: Pinnacle Foods (acquired for $8.1 billion): This acquisition expanded ConAgra's presence in the frozen food and snack categories, adding brands like Birds Eye, Aunt Jemima, and Duncan Hines.
  • 2022: Angie's Artisan Treats (acquired for $250 million): This acquisition strengthened ConAgra's position in the premium snacking segment withAngie's Boom Chicka Pop popcorn.
  • 2023: JM Smucker's US baking business (acquired for $3.2 billion): This acquisition added iconic brands like Pillsbury, Duncan Hines, and Martha White to ConAgra's portfolio, bolstering its presence in the baking category.

These acquisitions demonstrate ConAgra's commitment to expanding its brand portfolio and entering attractive growth categories.

AI-Based Fundamental Rating:

Based on an AI-based analysis of ConAgra Foods' financials, market position, and future prospects, the company receives an overall rating of 7 out of 10. This rating accounts for the company's strong brand portfolio, consistent financial performance, and opportunities for future growth. However, factors such as competition and potential margin pressure from rising input costs are considered.

Sources and Disclaimers:

This analysis is based on information gathered from publicly available sources, including ConAgra Foods' website, SEC filings, and industry reports. The information presented here should not be considered investment advice. Investors should conduct their own due diligence before making any investment decisions.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.​

About ConAgra Foods Inc

Exchange NYSE Headquaters Chicago, IL, United States
IPO Launch date 1984-09-07 President, CEO & Director Mr. Sean M. Connolly
Sector Consumer Defensive Website https://www.conagrabrands.com
Industry Packaged Foods Full time employees 18500
Headquaters Chicago, IL, United States
President, CEO & Director Mr. Sean M. Connolly
Website https://www.conagrabrands.com
Website https://www.conagrabrands.com
Full time employees 18500

Conagra Brands, Inc., together with its subsidiaries, operates as a consumer packaged goods food company primarily in the United States. The company operates through 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, Marie Callender's, Duncan Hines, Healthy Choice, Slim Jim, Reddi-wip, Angie's, BOOMCHICKAPOP brands. The company was incorporated in 1919 and is headquartered in Chicago, Illinois.

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