Conagra Brands Inc Stock Research

Market Summary

USD35.88+0.21

Market Closed

0.59%

CAG Stock Price

CAG RSI Chart

CAG Valuation

Market Cap

19.2B

Price/Earnings (Trailing)

33.31

Price/Sales (Trailing)

1.63

EV/EBITDA

30.55

Price/Free Cashflow

22.12

CAG Price/Sales (Trailing)

CAG Profitability

EBT Margin

6.32%

Return on Equity

7.87%

Return on Assets

3.04%

Free Cashflow Yield

4.52%

CAG Fundamentals

CAG Revenue

Revenue (TTM)

12.0B

Revenue Y/Y

8.3%

Revenue Q/Q

14.07%

CAG Earnings

Earnings (TTM)

681.7M

Earnings Y/Y

38.62%

Earnings Q/Q

592.77%

Price Action

52 Week Range

30.3841.30

(Low)(High)

Last 7 days

-0.6%

Last 30 days

-3.0%

Last 90 days

-6.9%

Trailing 12 Months

15.2%

CAG Financial Health

Current Ratio

0.92

Debt/Equity

Debt/Cashflow

0.13

CAG Investor Care

Dividend Yield

3.64%

Dividend/Share (TTM)

1.25

Buy Backs (1Y)

0.05%

Diluted EPS (TTM)

1.41

Peers (Alternatives to Conagra Brands)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
MDLZ	91.4B	31.5B	0.20%	10.51%	33.65	2.9	9.67%	-36.81%
KHC	46.8B	26.5B	-5.50%	3.91%	19.79	1.77	1.70%	133.50%
HRL	24.6B	12.4B	-13.07%	-18.53%	24.65	1.98	3.48%	5.62%
CAG	19.2B	12.0B	-3.02%	15.18%	33.31	1.63	7.29%	-38.13%
CPB	16.2B	9.2B	4.90%	28.00%	19.88	1.76	10.54%	-11.73%
MID-CAP
FLO	5.8B	4.8B	-2.30%	10.65%	25.51	1.21	10.97%	10.77%
SMPL	3.7B	1.2B	-0.88%	3.46%	30.35	3.15	12.56%	546.17%
SMALL-CAP
HAIN	1.5B	1.9B	-9.38%	-46.93%	33.69	0.83	-1.15%	-63.64%
BGS	1.1B	2.2B	20.74%	-38.65%	-94.61	0.5	5.19%	-116.88%
BYND	1.1B	418.9M	5.51%	-56.16%	-2.93	2.57	-9.85%	-101.06%
BRID	126.4M	263.4M	10.69%	27.76%	2.77	0.48	5.45%	786.05%
LWAY	94.8M	136.7M	8.35%	-13.96%	824.6	0.69	20.26%	-96.88%
FARM	78.3M	496.5M	-9.89%	-37.05%	-2.72	0.16	17.42%	-12.94%
PLAG	37.9M	-	-5.36%	-29.88%	-3.8	0.72	513.44%	-38.56%
RMCF	32.6M	33.1M	-	-31.32%	-9.02	0.98	2.77%	-346.02%

Financials for Conagra Brands

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Revenue	2.2%	12,041	11,787	11,536	11,365	11,223
S&GA Expenses	1.4%	1,952	1,924	1,493	1,429	1,401
EBITDA	18.4%	740	625	1,174	1,154	1,234
EBITDA Margin	15.9%	0.06*	0.05*	0.10*	0.10*	0.11*
Earnings Before Taxes	19.6%	761	636	1,033	1,098	1,179
EBT Margin	17.1%	0.06*	0.05*	0.10*	0.10*	0.11*
Interest Expenses	-1.4%	-388	-382	-379	-382	-388
Net Income	18.5%	682	575	888	1,039	1,102
Net Income Margin	16.0%	0.06*	0.05*	0.08*	0.09*	0.10*
Free Cahsflow	-5.6%	818	866	713	677	707

* denotes actual numbers (not divided by Millions)
Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Assets	0.9%	22,414	22,220	22,435	22,499	22,592
Current Assets	5.6%	3,416	3,234	3,034	2,915	3,039
Cash Equivalents	-41.1%	40.00	67.00	83.00	80.00	69.00
Inventory	5.3%	2,348	2,229	1,967	1,767	1,859
Net PPE	-0.6%	2,688	2,705	2,737	2,656	2,623
Goodwill	0.0%	11,180	11,184	11,329	11,332	11,332
Liabilities	0.2%	13,676	13,643	13,573	13,646	13,835
Current Liabilities	-10.5%	3,723	4,160	3,519	3,525	3,277
. Short Term Borrowings	44.2%	366	253	184	363	586
Long Term Debt	0%	8,800	8,800	8,800	-	-
LT Debt, Current	-	707	-	-	-	-
LT Debt, Non Current	-	8,088	-	-	-	-
Shareholder's Equity	1.0%	8,666	8,577	8,788	8,775	8,757
Retained Earnings	3.5%	6,537	6,315	6,551	6,541	6,473
Additional Paid-In Capital	1.6%	2,361	2,323	2,325	2,328	2,317
Accumulated Depreciation	3.4%	3,305	3,195	3,159	3,076	3,091
Shares Outstanding	0.0%	480	480	-	-	-
Minority Interest	-1.4%	71.00	72.00	75.00	79.00	78.00
Float	-	15,158	-	-	-	-

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Cashflow From Operations	-6.8%	1,213	1,301	1,177	1,151	1,189
Share Based Compensation	52.3%	71.00	47.00	26.00	50.00	47.00
Cashflow From Investing	7.6%	-372	-403	-434	-401	-314
Cashflow From Financing	2.9%	-871	-897	-738	-753	-873
Dividend Payments	1.5%	608	600	582	565	549
Buy Backs	200.0%	150	50.00	50.00	50.00	348

Risks for CAG

What is the probability of a big loss on CAG?

43.9%

Probability that Conagra Brands stock will be more than 20% underwater in next one year

19.2%

Probability that Conagra Brands stock will be more than 30% underwater in next one year.

17.3%

Probability that Conagra Brands stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does CAG drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Conagra Brands was unfortunately bought at previous high price.

Drawdowns

Returns for CAG

Cumulative Returns on CAG

5.6%

10-Year Cumulative Returns

3.4%

7-Year Cumulative Returns

2.4%

5-Year Cumulative Returns

16.3%

3-Year Cumulative Returns

What are the long-term rolling returns for CAG?

FIve years rolling returns for Conagra Brands.

Annualized Returns

Which funds bought or sold CAG recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-03-15	B. Riley Wealth Advisors, Inc.	reduced	-0.11	53,276	348,276	0.01%
2023-03-10	VICTORY CAPITAL MANAGEMENT INC	reduced	-5.96	7,142,980	69,089,000	0.07%
2023-03-06	Rockefeller Capital Management L.P.	reduced	-9.66	410,000	6,162,000	0.03%
2023-03-03	Crumly & Associates Inc.	added	20.11	142,454	479,454	0.18%
2023-03-02	OLIVER LAGORE VANVALIN INVESTMENT GROUP	unchanged	-	3,350	19,350	0.01%
2023-02-28	Voya Investment Management LLC	added	6.93	1,884,850	8,914,850	0.01%
2023-02-27	ST GERMAIN D J CO INC	new	-	33,398	33,398	0.01%
2023-02-27	Parallax Volatility Advisers, L.P.	added	78,162	1,936,410	1,938,410	-%
2023-02-24	National Pension Service	reduced	-2.94	3,287,810	28,712,400	0.06%
2023-02-24	NATIXIS	added	662	8,730,490	9,816,490	0.06%

Latest Funds Activity

Are funds buying CAG calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own CAG

No. of Funds

Conagra Brands News

Schedule 13G FIlings of Conagra Brands

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2023	price t rowe associates inc /md/	5.7%	27,152,930	SC 13G
Feb 09, 2023	vanguard group inc	11.89%	56,959,935	SC 13G/A
Feb 06, 2023	state street corp	5.16%	24,729,387	SC 13G
Jan 24, 2023	blackrock inc.	9.4%	45,177,290	SC 13G
Jul 08, 2022	capital world investors	4.5%	21,473,493	SC 13G/A
Feb 11, 2022	capital world investors	10.1%	48,259,802	SC 13G/A
Feb 09, 2022	vanguard group inc	11.25%	53,951,894	SC 13G/A
Feb 01, 2022	blackrock inc.	7.2%	34,415,738	SC 13G/A
Feb 16, 2021	capital world investors	12.3%	59,877,551	SC 13G/A
Feb 16, 2021	price t rowe associates inc /md/	4.7%	23,224,203	SC 13G/A

CAG Fair Value

Conagra Brands fair value in different scenarios

The table shows the Fair Value estimates for Conagra Brands for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.

Fair Value	Very Pessimistic	Pessimistic	Base Case	Optimistic	Very Optimistic
Very Low Inflation	20.10 -43.98%	36.16 0.78%	51.81 44.40%	74.74 108.31%	95.88 167.22%
Current Inflation	19.21 -46.46%	32.81 -8.56%	45.75 27.51%	65.08 81.38%	82.63 130.30%
Very High Inflation	18.06 -49.67%	28.80 -19.73%	38.73 7.94%	54.02 50.56%	67.60 88.41%

Historical Conagra Brands Fair Value Estimates

Very Pessimistic Case

Pessimistic Case

Fair Value

Optimistic Case

Very Optimistic Case

Closing Stock Price

Recent SEC filings of Conagra Brands

View All Filings

Date Filed	Form Type	Document
Mar 03, 2023	4	Insider Trading
Feb 14, 2023	SC 13G	Major Ownership Report
Feb 09, 2023	SC 13G/A	Major Ownership Report
Feb 06, 2023	SC 13G	Major Ownership Report
Jan 24, 2023	SC 13G	Major Ownership Report
Jan 10, 2023	4	Insider Trading
Jan 05, 2023	8-K	Current Report
Jan 05, 2023	10-Q	Quarterly Report

Latest Insider Trading transactions for CAG

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-03-01	MARSHALL RUTH ANN	acquired	30,092	35.85	839	-
2023-01-06	Wise Robert G	sold	-2,045,000	40.9	-50,000	svp, corporate controller
2022-12-01	MARSHALL RUTH ANN	acquired	29,999	37.83	793	-
2022-12-01	Arora Anil	acquired	12,499	37.83	330	-
2022-10-18	Bartell Carey	sold	-221,076	34.5	-6,408	evp, gc and corp. secretary
2022-09-01	Paulonis Denise	acquired	-	-	3,981	-
2022-09-01	Arora Anil	acquired	12,499	34.3	364	-
2022-09-01	MARSHALL RUTH ANN	acquired	30,000	34.3	874	-
2022-08-17	McGough Thomas M	acquired	587,781	27.46	21,405	evp & co-coo
2022-08-17	McGough Thomas M	sold	-757,737	35.4	-21,405	evp & co-coo

About Conagra Brands

Sean M. Connolly

www.conagrabrands.com

18600

Conagra Brands, Inc., together with its subsidiaries, operates as a consumer packaged goods food company in North America. The company operates through Grocery & Snacks, Refrigerated & Frozen, International, and Foodservice segments. The Grocery & Snacks segment primarily offers shelf stable food products in various retail channels in the United States. The Refrigerated & Frozen segment provides temperature-controlled food products in various retail channels in the United States. The International segment offers food products in various temperature states in retail and foodservice channels outside of the United States. The Foodservice segment offers food products, including meals, entrees, sauces, and various custom-manufactured culinary products packaged for sale to restaurants and other foodservice establishments in the United States. The company sells its products under the Birds Eye, Duncan Hines, Healthy Choice, Marie Callender's, Reddi-wip, Slim Jim, Angie's BOOMCHICKAPOP, Duke's, Earth Balance, Gardein, and Frontera brands. The company was formerly known as ConAgra Foods, Inc. and changed its name to Conagra Brands, Inc. in November 2016. Conagra Brands, Inc. was incorporated in 1919 and is headquartered in Chicago, Illinois.

CAG Income Statement

2022-11-27

Condensed Consolidated Statements of Earnings (Unaudited) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Nov. 27, 2022	Nov. 28, 2021	Nov. 27, 2022	Nov. 28, 2021
Net sales	$ 3,312.9	$ 3,058.9	$ 6,217.2	$ 5,712.2
Costs and expenses:
Cost of goods sold	2,390.6	2,304.1	4,574.6	4,284.0
Selling, general and administrative expenses	372.7	345.4	1,114.3	655.5
Pension and postretirement non-service income	(6.1)	(16.1)	(12.2)	(32.2)
Interest expense, net	100.3	94.9	197.4	189.1
Income before income taxes and equity method investment earnings	455.4	330.6	343.1	615.8
Income tax expense	122.5	84.2	136.9	153.9
Equity method investment earnings	49.3	29.5	98.5	49.7
Net income	382.2	275.9	304.7	511.6
Less: Net income attributable to noncontrolling interests	0.3	0.4	0.3	0.7
Net income attributable to Conagra Brands, Inc.	$ 381.9	$ 275.5	$ 304.4	$ 510.9
Earnings per share — basic
Net income attributable to Conagra Brands, Inc. common stockholders, basic (in dollars per share)	$ 0.80	$ 0.57	$ 0.63	$ 1.06
Earnings per share — diluted
Net income attributable to Conagra Brands, Inc. common stockholders, diluted (in dollars per share)	$ 0.79	$ 0.57	$ 0.63	$ 1.06

CAG Balance Sheet

2022-11-27

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Nov. 27, 2022	May 29, 2022
ASSETS
Cash and cash equivalents	$ 39.7	$ 83.3
Receivables, less allowance for doubtful accounts of $3.7 and $3.9	910.5	867.4
Inventories	2,347.7	1,966.7
Prepaid expenses and other current assets	118.5	116.3
Total current assets	3,416.4	3,033.7
Property, plant and equipment	5,993.1	5,896.3
Less accumulated depreciation	(3,304.9)	(3,159.1)
Property, plant and equipment, net	2,688.2	2,737.2
Goodwill	11,180.1	11,329.2
Brands, trademarks and other intangibles, net	3,579.0	3,857.8
Other assets	1,550.3	1,477.2
Assets, Total	22,414.0	22,435.1
LIABILITIES AND STOCKHOLDERS' EQUITY
Notes payable	365.5	184.3
Current installments of long-term debt	954.3	707.3
Accounts payable	1,596.3	1,864.6
Accrued payroll	119.4	151.7
Other accrued liabilities	687.2	610.9
Total current liabilities	3,722.7	3,518.8
Senior long-term debt, excluding current installments	8,081.8	8,088.2
Other noncurrent liabilities	1,871.8	1,965.9
Total liabilities	13,676.3	13,572.9
Common stockholders' equity
Common stock of $5 par value, authorized 1,200,000,000 shares; issued 584,219,229	2,921.2	2,921.2
Additional paid-in capital	2,360.9	2,324.6
Retained earnings	6,536.5	6,550.7
Accumulated other comprehensive loss	(24.6)	(11.2)
Less treasury stock, at cost, 107,596,728 and 104,157,169 common shares	(3,127.7)	(2,997.6)
Total Conagra Brands, Inc. common stockholders' equity	8,666.3	8,787.7
Noncontrolling interests	71.4	74.5
Total stockholders' equity	8,737.7	8,862.2
Liabilities and Equity, Total	$ 22,414.0	$ 22,435.1