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INX:CAG, Jul 15, 11:52 UTC

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Thursday, July 09


News

Conagra Brands CEO: ‘E-commerce is the way of the future, we can ship frozen to your house’

CAG

Yahoo Finance’s Alexis Christoforous and Brian Sozzi speak to Sean Connolly to break down the results, discuss innovation, rise of e-commerce and much more. You know, I always thought about the '50s, '60s, and '70s being the golden age of packaged food, but I just came off your conference call a couple days ago, and I'm thinking there's a new golden age of packaged food. How would you characterize it? ALEXIS CHRISTOFOROUS: Hey, Sean, outside of frozen foods, I just have to ask because I'm curious, I know that you also sell sunflower seeds. And I know that there is a new rule with baseball coming back sort of in this truncated way because of the pandemic, they've also said there is no spitting of tobacco or sunflower seeds, as we see a lot of the players do, because of the pandemic. How does that impact your business, if at all? We build out a pipeline, so we've got three years of innovation constantly on a rolling queue, and we like what we see not only from what we launched last year, but this year and even next year. So innovation is really the lifeblood of keeping iconic brands modern and fresh, because consumer tastes are always changing, even in a pandemic environment. For example, we're seeing maybe less near-term focus on health and wellness, more on indulgence. And you see brands like Duncan Hines bake mix is really seeing sales levels through the roof that we haven't seen in a long, long time.

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Thursday, July 02


News

Conagra Brands (NYSE:CAG) Target Raised by Morgan Stanley to $35.00 – Stock Market Daily

CAG

Conagra Brands stock has undergone multiple analysts rating changes in the recent past. In a note to investors, the firm issued a new target price of $35.00. On 6/1/2020 Insider Thomas M Mcgough Sell 80,615 at average share price of $35.00 which equates to $2,821,525.00 in money value. 7/1/2020 – Conagra Brands had its price target raised by analysts at Credit Suisse Group AG from $36.00 to $38.00.

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Wednesday, July 01


News

Global Chilled Processed Food Market Study 2020-2025: A Highly Fragmented Market Including Profiles of ConAgra Foods, Grupo Bimbo, Mondelez, Hormel Foods, Pepsico, Nestle, General Mills - ResearchAndMarkets.com

CAG HRL

The "Chilled Processed Food Market - Growth, Trends, and Forecasts (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering. The global chilled processed food market is projected to grow at a CAGR of 5.65% during the forecast period (2020-2025). In North America, United States holds the largest market share. However, the rapid growth is expected in the Asia-Pacific region, due to an growing demand of chilled processed food products and rise in disposable incomes. Processed food needs to be stored at a very low temperature so as to maintain the quality, which requires high capital investment, hence considered a major challenge to the vendors. Some of the major key players in the chilled processed food market, globally includes ConAgra Foods Inc., Grupo Bimbo SAB de CV, Mondelez, Hormel Foods Corp., Pepsico, Nestle, General Mills, among others.

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News

Conagra Brands Partners with Marine Stewardship Council to Promote Certified Sustainable Seafood

CAG

CHICAGO, July 1, 2020 /PRNewswire/ -- Conagra Brands today announced its partnership with the internationally recognized Marine Stewardship Council (MSC) to bring more sustainably sourced fish options to American consumers and drive awareness of the importance of protecting marine ecosystems. The MSC, a global nonprofit recognized as the world's leading certification and ecolabeling program for sustainable, wild-caught seafood, is encouraging consumers to switch to seafood certified to its rigorous 'blue fish' standard with its new 'Little Blue Label, Big Blue Future' global campaign, or #bigbluefuture on social media. "Approximately one-third of fisheries around the world have been fished beyond sustainable limits, with another 60% fished to their maximum capacity1. By sourcing MSC-certified seafood for our key frozen fish products and educating consumers on its benefits, we support responsible fishing practices and help consumers feel confident that the fish they purchase meets rigorous standards." Support of MSC-certified seafood sourcing is part of Conagra Brands' corporate social responsibility efforts to align with UN Sustainable Development Goal 14: Life Below Water, which aims to conserve and sustainably use the oceans, seas and marine resources. For more information on Conagra Brands' corporate citizenship, please visit https://www.conagrabrands.com/our-company/corporate-social-responsibility.

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News

Frozen Pizza Market Forecast to 2027 – Amy’s Kitchen, Conagra Brands, Daiya Foods, General Mills, Hansen Foods, Nestle S.A. – Jewish Market Reports

CAG GIS

Frozen Pizza Market Forecast to 2027 – Amy’s Kitchen, Conagra Brands, Daiya Foods, General Mills, Hansen Foods, Nestle S.A. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain a thorough understanding of the industry and determine steps to be taken to gain a competitive advantage. Get Sample Copy of This Report @ https://www.theinsightpartners.com/sample/TIPRE00005663/. Frozen Pizza Market Table of Contents: Chapter 1 industry overview Chapter 2 Major segmentation classification, application and etc Chapter 3 production market analysis Chapter 4 sales market analysis Chapter 5 consumption market analysis Chapter 6 production, sales and consumption market comparison analysis Chapter 7 competition analysis by players Chapter 8 marketing channel analysis Chapter 9 new project investment feasibility analysis Chapter 10 industrial chain, sourcing strategy and downstream buyers Chapter 11 marketing strategy analysis, distributors/traders Chapter 12 global and regional market forecast Chapter 13 market dynamics Chapter 14 market effect factors analysis Chapter 15 conclusions Research methodology.

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Conagra Brands Hits Two-Month High After Upbeat Outlook

CAG

Conagra Brands, Inc. (CAG) jumped over 4% Tuesday after the packaged food giant surpassed Wall Street expectations and issued an upbeat forecast. Furthermore, the firm anticipates improving demand across its retail business in the first quarter of fiscal 2021 and reaffirmed its full-year earnings guidance range of between $2.66 and $2.76, outpacing analysts’ consensus forecast of $2.50 per share. Last month, Jeffries analyst Rob Dickerson upgraded the company’s stock to ‘Buy’ from ‘Hold’ and lifted his price target by $10 to $41 a share – representing a 17% premium to Tuesday’s $35.17 close. Dickerson also argues that the stock’s 15% relative P/E valuation discount relative to its U.S. food industry rivals is unjustified. As of July 1, 2020, the company trades at 15 times forward earnings, around 20% below its 5-year average multiple of 18 times.

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Conagra Brands, Inc. (CAG) Q4 2020 Earnings Call Transcript

CAG

Good day and welcome to the Conagra Brands Fourth Quarter Fiscal Year 2020 Earnings Conference Call. References to adjusted items, including organic net sales, refer to measures that exclude items that management believes impact comparability for the period referenced. The Conagra Way is not just a way to build brands, but an operating model that has helped cultivate our agile, motivated and highly energized culture. As I'll describe in more detail in a moment, fiscal 2020 saw unprecedented performance as we built upon the extraordinary progress we have made over the past five years. The six brands to the right are our largest staples brands, accounting for over 50% of our staples sales at retail pre COVID, and each experienced considerable growth in the quarter.

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Tuesday, June 30


News

Bloom Energy, Conagra Rise; Boeing, Genworth Fall

CAG BLO +1 more CAG BLO BA

NEW YORK — Stocks that moved heavily or traded substantially on Tuesday. The electric fuel cell maker signed a deal with Samsung Heavy Industries for fuel-cell powered ships. The athletic apparel company is buying home fitness company Mirror for $500 million. The chipmaker reported surprisingly good fiscal third-quarter financial results and gave investors an upbeat revenue forecast.

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News

ConAgra Foods Earnings, Revenue Beat in Q4

CAG

Investing.com - ConAgra Foods (NYSE:CAG) reported on Tuesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations. ConAgra Foods announced earnings per share of $0.75 on revenue of $3.29B. ConAgra Foods shares are up 3% from the beginning of the year , still down 0.64% from its 52 week high of $35.78 set on June 30. ConAgra Foods's report follows an earnings missed by Brown Forman on June 9, who reported EPS of $0.27 on revenue of $709M, compared to forecasts EPS of $0.28 on revenue of $681.56M.

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News

First Half 2020 Wraps with Conagra, Case Shiller, Powell Testimony

CAG

First Half 2020 Wraps with Conagra, Case Shiller, Powell Testimony. Tuesday, June 30, 2020The stock market’s first half 2020 rollercoaster ride finally puts on the brakes today. Whether that means another harrowing journey awaits in the second half — with a potential second wave of coronavirus, expiring relief programs backstopping the American consumer and the 2020 General Election, just to name a few — is literally anyone’s guess.The Case Shiller Home Price Index for the month of April has hit the tape ahead of today’s opening bell, up 4% year over year to 224.8. These numbers are “old” in terms of economic data, but have a very good reputation for accuracy.Leaders for the month are again among the usual suspects: Phoenix +8.8%, Seattle +7.3% and Charlotte +5.8%. These numbers are just starting to see the impact of the coronavirus pandemic on regional housing prices.Nationwide food supplier Conagra Foods CAG reported its fiscal Q4 (ended May) earnings results before the bell, beating on the bottom line by 7 cents to 75 cents per share.

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