Alerts in the last 24 hours

No Personalised Alerts!

To see personalised alerts you need to be logged in.

Log In

ConAgra Foods Inc Add to portfolio

INX:CAG, Jun 24, 04:15 UTC

Latest INX:CAG News

Filter your feed

Apply Filter

Friday, June 22


Social Chatter

ConAgra Foods Inc (INX:CAG) social chatter is higher than usual

CAG
Conagra Brands $CAG Downgraded by Zacks Investment Research to Sell https://t.co/hid78Z57qe #investing
Social Chatter

ConAgra Foods Inc (INX:CAG) social chatter is higher than usual

CAG
$KHC $CAG Peter Pan and Mrs. Paul Wouldnt Makea Great Couple via https://t.co/jURZDymPXI
News

Conagra Brands Pinnacle Foods Deal Talks Back in Focus - June 22, 2018

CAG

There was a lot of hearsay about Conagra Brands, Inc. CAG trying to strike a deal to buy Pinnacle Foods Inc. PF, which sent shares of the latter up by 2.3% in yesterday’s trading session. If the consolidation materializes, it is likely to create a robust frozen foods entity at a time when demand for this category is booming. However, both Conagra and Pinnacle Foods have remained silent on the matter.Sources revealed that this is the second time when Conagra approached Pinnacle Foods for a deal, after a failed attempt last year. Apparently, Conagra made an offer to take over Pinnacle Foods last year, though nothing came out of it as the two entities could not settle for a common price.Coming back to yesterday’s development, it looks like the aforementioned deal came shortly after Jana Partners’ stake disclosure in Pinnacle Foods. Well, there were rounds recently that the activist hedge fund, Jana Partners, revealed nearly 9% stake in Pinnacle Foods and had plans to discuss various matters with the company, including a conceivable divestiture. Sources also revealed that per Jana Partners, Pinnacle Foods is well positioned for consolidation, given its solid frozen foods business. The company remains committed toward making brand renovation initiatives investments to strengthen its frozen business, in an attempt to boost sales of Refrigerated & Frozen segment.At such a juncture, buyout of Pinnacle Foods is likely to be beneficial, given its remarkable growth in the frozen foods space.

Read Full Details

Topics:
  • Business
  • Financial

Thursday, June 21


News

Pinnacle Foods, Conagra restart deal talks - sources

CAG

June 21 (Reuters) - Pinnacle Foods Inc, the owner of Birds Eye frozen foods and Mrs. Butterworth’s syrups, has restarted talks about potentially selling itself to its larger peer Conagra Brands Inc, according to two people familiar with the matter. Packaged foods giants have been facing a crisis of slowing to stagnant growth in recent years as shoppers switch away from processed foods to healthier fare. A deal for Pinnacle would come after much speculation about the company's fate after failed talks a year ago as well as pressure by activist hedge fund Jana Partners. Discussions between Conagra, the maker of Hunt’s ketchup and Healthy Choice microwave dinners, and Pinnacle Foods fell apart last summer because of price disagreements, sources said at the time.

Read Full Details

Topics:
  • Business
  • Financial
Social Chatter
News

ConAgra Approaches Pinnacle Foods About Possible Deal

CAG

ConAgra Brands Inc. has approached Pinnacle Foods Inc. about a potential deal that would add popular freezer-aisle brands to its roster at a time when frozen-food sales are booming, according to people familiar with the matter. The rival food manufacturers have had contact in recent weeks, said the people, who asked not to be identified as the details aren’t public. The New York-based hedge fund, run by Barry Rosenstein, said in a filing that it thinks the company is in a good position to consider consolidation given its strength in the frozen foods industry. Read ConAgra Approaches Pinnacle Foods About Possible Deal on bloomberg.com. What to read next.

Read Full Details

Topics:
  • Business
  • Financial

Monday, June 18


Social Chatter

ConAgra Foods Inc (INX:CAG) social chatter is higher than usual

CAG
Financial Analysis: B&G Foods $BGS versus Conagra Brands $CAG https://t.co/TfSJVnxfGG #investing

Saturday, June 16


Social Chatter

ConAgra Foods Inc (INX:CAG) social chatter is higher than usual

CAG
Financial Survey: Danone Sponsored ADR common stock $DANOY and Conagra Brands $CAG https://t.co/TbK2V1ahZf #stocks

Friday, June 15


Social Chatter
News

Conagra's (CAG) Growth Prospects Bright Amid Margin Pressure - June 15, 2018

CAG

On Jun 15, we issued an updated research report on premium consumer goods company Conagra Brands, Inc. CAG.Inside StoryConagra expects that its unique value-over-volume strategy will help boost the company's top line in the upcoming quarters. Under this, the company ensures that its robust volume performance is not driven by price discounts but by stronger innovation, as well as new merchandising, distribution and consumer trail-related investments. For instance, new investments to strengthen the frozen products business will likely drive the Refrigerated & Frozen segment’s sales, going forward. Per our estimates, the company’s sales are projected to be up 1.7% in fiscal 2019 (ending May 2019).Moreover, the company expects that robust top-line growth, share-repurchase activities, lower tax rates and divestiture of low margin businesses will likely continue to improve its bottom line in the upcoming quarters. Furthermore, the Sandwich Bros. buyout (completed in February 2018) has been fortifying its frozen products business.The company also remains on track to boost shareholders’ remuneration on the back of dividends and share-buyback offers.Over the last three months, shares of this Zacks Rank #3 (Hold) company have rallied 4.3%, as against the 3.7% loss incurred by the industry. However, Conagra believes input price inflation of nearly 3.7% will continue to depress its near-term margins.

Read Full Details

Topics:
  • Business
  • Financial