NEW YORK, Jan. 12, 2019 (GLOBE NEWSWIRE) -- Stull, Stull & Brody today announced that an ERISA action has been filed and that it has commenced an investigation relating to the ConAgra Brands (CAG) Retirement Income Savings Plan f/k/a ConAgra Foods Retirement Income Savings Plan (“ConAgra” and the “Plan”). Among other things, Stull, Stull & Brody is investigating whether the Plan’s fiduciaries violated the Employee Retirement Income Security Act of 1974 (“ERISA”) by failing to follow Plan provisions on participant contributions with respect to Business Management Incentive Plan bonuses and any other funds that were contributed to the Plan after participants ceased working for ConAgra. If you were a Plan participant and contributed money to the Plan after you ceased working for ConAgra during the last several years and you have questions about your legal rights or interests with respect to these matters, please contact Michael J. Klein, Esq. at Stull, Stull & Brody by e-mail at CAG@ssbny.com, by calling 1-212-687-7230, x147, or by writing to Stull, Stull & Brody, 6 East 45th Street, New York, NY 10017. Stull, Stull & Brody has litigated many class actions for violations of securities laws in federal courts over the past 40 years and has obtained court approval of substantial settlements on numerous occasions.
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Date: 20 Jan 19 Time: 20:59
Saturday, January 12
Thursday, January 10
Date: 10 Jan 19 Time: 02:40
Why Conagra Brands Stock Dropped 34% in December
Steve Symington, The Motley FoolMotley FoolJanuary 10, 2019, 2:40 AM GMT. What happened. Shares of Conagra Brands (NYSE: CAG) fell 34% in December, according to data from S&P Global Market Intelligence, after the packaged-foods company announced mixed quarterly results and disappointing forward financial guidance. After drifting lower for the first three weeks of the month along with the broader market, Conagra stock plunged more than 17% on Dec. 20 alone, after its fiscal second-quarter 2019 results hit the wires. Regarding the top-line shortfall, CEO Sean Connolly explained that the legacy Conagra Brands business reflected "continued momentum" during the quarter, with sales mostly in line with expectations. But the newly acquired Pinnacle business saw sales arrive below expectations because of "weak performance across a range of significant brands," as well as a product recall involving Pinnacle's Duncan Hines brand.
Sunday, December 30
Date: 30 Dec 18 Time: 13:16
Why Conagra Brands Has Turned Into a Terrible Investment
Shares of Conagra Brands (NYSE: CAG) have collapsed in dramatic fashion as 2018 draws to a close. Value investors may be interested after such a dramatic fall, but it still may not be the greatest food industry bet at this juncture. What just happened? Through the first two quarters of the company's 2019 fiscal year (six months ended Nov. 25, 2018), sales growth is up -- although profits have been under pressure, especially after the acquisition of Pinnacle Foods was completed in October. Most of the sales growth can be attributed to acquisitions, though, like Angie's Artisan Treats and Sandwich Bros. Conagra's legacy business has been a mixed bag, with some quarters notching modest growth and others slight declines.
Thursday, December 27
Date: 27 Dec 18 Time: 13:13
Conagra Declines 26% in a Week: What's Making it Unappetizing?
The consensus mark for the third quarter and fiscal 2019 have gone down from 57 cents to 53 cents and from $2.16 to $2.07, respectively, clearly highlighting analysts’ dented confidence. What’s Weighing on Conagra’s Stock?Escalated input costs have long been a threat to Conagra, and is likely to linger in the near term. Although the company’s adjusted gross margin improved year over year in the second quarter of fiscal 2019, Conagra continued being pressurized by input cost inflation of 2.9%. Apart from this, sales at Conagra’s Foodservice segment have been witnessing year-over-year declines for four straight quarters now, owing to soft volumes.In second-quarter fiscal 2018, sales at this segment declined 16.5%, owing to Trenton sale that accounted for about 6.1 percentage points of the decline. Organic sales fell 10.4%, with volumes down 12.9% mainly due to last year’s hurricane-related impacts. Continued impacts from these factors are a worry.Further, we note that Conagra acquired Pinnacle Foods this October. Although the combined giant is likely to be the second largest player in the frozen foods space, Conagra does expect the hurdles related to Pinnacle Foods’ business to persist for some time. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.McCormick & Company MKC has long-term earnings per share growth rate of 9% and a Zacks Rank #2.Lamb Weston LW, with a Zacks Rank #2, has long-term earnings per share growth rate of 11.8%.Looking for Stocks with Skyrocketing Upside?Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Wednesday, December 26
Date: 26 Dec 18 Time: 18:05
What’s behind Conagra Brands’ Stock Slump?
Does the Food Stock Slump Imply ‘Buy’?(Continued from Prior Part)Conagra stock plunges 44.4% Conagra Brands (CAG) stock had fallen 44.4% year-to-date as of December 24, as its Pinnacle Foods acquisition didn’t turn out as the company and investors had expected, and Conagra’s high leverage remained a concern.
Friday, December 21
Date: 21 Dec 18 Time: 23:00
Should You Buy ConAgra Brands After Its Post-Earnings Plunge?
Should You Buy ConAgra Brands After Its Post-Earnings Plunge? Shares of ConAgra Brands(NYSE: CAG) plunged 17% on Dec. 20, after the packaged foods giant followed up its second-quarter earnings with light guidance. ConAgra's adjusted diluted EPS from continuing operations rose 22% annually to $0.67, which beat expectations by $0.10. However, its reported earnings fell 40% to $0.32 per share due to acquisition costs and other expenses. For the full year, ConAgra expects its adjusted EPS from continuing operations to decline 1.4%-3.8%, compared to the consensus forecast for 0.5% growth. That soft growth is disappointing -- but it isn't surprising, since many of ConAgra's peers are also buoying their sales growth with acquisitions while struggling to grow their organic sales. For example, General Mills(NYSE: GIS) reported 5% sales growth in its latest quarter, but most of that growth came from its acquisition of pet food maker Blue Buffalo.
Date: 21 Dec 18 Time: 22:18
Conagra Losses Remind Investors to Watch Out for One Key Weakness
Consumer-staples stocks are supposed to be safe. But significant declines in Conagra, Anheuser-Busch, and Campbell Soup—all laden with debt—have battered investors.
Thursday, December 20
Date: 20 Dec 18 Time: 21:42
Conagra and Twitter drop while Tilray, Newmont Mining climb
NEW YORK (AP) -- Stocks that moved substantially or traded heavily Thursday:. Walgreens Boots Alliance Inc., down $3.68 to $69.61. The Canadian marijuana grower said it will develop marijuana-infused drinks in a partnership with Labatt Breweries. The maker of Chef Boyardee and other food brands reported disappointing sales in its latest quarter.
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Key Stats & Ratios
|Quaterly Earnings Growth||-41.10%|
|Quaterly Revenue Growth||9.70%|
|Revenue per share||20.33|