Conagra Brands (CAG)
Markets Birds Eye vegetables, Healthy Choice meals, Slim Jim snacks, and Duncan Hines baking products.
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Sells branded frozen, refrigerated, and shelf-stable foods through U.S. retail, with smaller international and foodservice operations. A portfolio spanning Birds Eye, Healthy Choice, Slim Jim, Duncan Hines, and Reddi-wip uses shared manufacturing assets and depends heavily on large retailers.
Markets branded shelf-stable, refrigerated, and frozen foods through U.S. retail, while smaller International and Foodservice units sell packaged foods and customized meals, entrées, sauces, and other culinary products. Core brands span Birds Eye vegetables, Healthy Choice and Marie Callender’s meals, Slim Jim meat snacks, Duncan Hines baking products, Reddi-wip toppings, and Angie’s BOOMCHICKAPOP popcorn.
Uses product innovation and brand investment to support frozen meals and meat snacks, while modernizing a manufacturing network shared across segments. A minority stake in flour miller Ardent Mills adds equity-method earnings outside the operating segments. Operations are concentrated in the United States; agricultural inputs, freight, retailer relationships, and consumer response to pricing shape results. Walmart accounts for nearly one-third of sales.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 18, 2026 | Deutsche Bank | Reiterate | Rating: —Target: $12 | Target: $13 |
| Sep 14, 2026 | Evercore ISI | Target | Target: $22 | Target: $12.50 |
| Jul 16, 2026 | UBS | Reiterate | Rating: —Target: $13 | Target: $14 |
| Jul 16, 2026 | RBC Capital | Reiterate | Rating: —Target: $16 | Target: $14 |
| Jul 8, 2026 | Barclays | Reiterate | Rating: —Target: $34 | Target: $16 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, May 31, 2026Cash & short-term investments $218.0M · Total debt $7.27B · Total assets $17.27B · Shareholders' equity $6.36B
- Revenue
- $2.88B
- Operating income
- −$2.63B
- Net income
- −$1.62B
HistoryDividendAnnual yield
| Institutions | 89.54% | 428.52M shares | |
|---|---|---|---|
| 834 holders · as of Jun 30, 2026 | |||
| Insiders | 0.39% | 1.89M shares | |
| 23 holders · as of Sep 9, 2026 | |||
| Other | 10.07% | 48.16M shares | |
| remainder | |||
478.57M company shares as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 16.63% | 79.59M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 6.10% | 29.21M | as of Jun 30, 2026 |
T. Rowe Price Associates, Inc.Institution | 5.13% | 24.56M | filed Feb 14, 2024 |
Vanguard Capital Management LLCInstitution | 4.51% | 21.56M | as of Jun 30, 2026 |
AQR Capital Management LLCInstitution | 4.28% | 20.50M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jul 17, 2026 | John P. Brase | director, officer: President and CEO | +35,000 | $14.59 |
| Apr 14, 2026 | Richard H. Lenny | director | +25,000 | $14.34 |
| Apr 14, 2026 | John J. Mulligan | director | +17,500 | $14.31 |
| Nov 4, 2025 | Melissa C. Napier | officer: SVP, Corporate Controller | −13,011 | $17.19 |
| Oct 7, 2025 | Thomas K. Brown | director | +10,000 | $18.72 |
- General Mills
Head-to-head in baking mixes, snacks, and shelf-stable ethnic foods.
- Kraft Heinz
Hunt's vs Heinz is packaged food's most iconic condiment rivalry.
- Campbell's
Snyder's, Goldfish snacks, and Prego pasta sauce compete head-to-head.
- Hormel Foods
Deep rivalry in meat snacks, canned meals, and plant-based protein categories.
- Tyson Foods
Large-scale frozen and refrigerated rival (Jimmy Dean, Hillshire Farm brands).
- J.M. Smucker
Hostess (Twinkies, Donettes) fills the same convenience-channel snack aisle.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Conagra Brands | $14.67 | −0.85% | $7.08B | — | 9.9 | 0.6 | +3.6% |
| General Mills | $35.24 | −0.61% | $18.92B | — | 11.3 | 1.0 | −2.8% |
| Kraft Heinz | $23.65 | −1.48% | $28.46B | — | 11.9 | 1.1 | −1.4% |
| Campbell's | $20.18 | −0.17% | $6.03B | 15.4 | 11.7 | 0.6 | −7.9% |
| Hormel Foods | $19.92 | −2.07% | $11.19B | 32.3 | 13.0 | 0.9 | −2.4% |
| Tyson Foods | $51.19 | −1.22% | $18.37B | 31.8 | 13.4 | 0.3 | −0.1% |
| J.M. Smucker | $121.99 | +0.73% | $12.94B | 56.6 | 12.1 | 1.4 | +5.0% |
| Median | 32.0 | 12.0 | 1.0 | −1.9% |