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, Jan 21, 04:51 UTC

Latest INX:CAG News

Filter your feed

Apply Filter

Yesterday


Social Chatter

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

CAG
Attention Marketing Experts in Mississauga! ConAgra Foods Canada Inc. is hiring for a Shopper Marketing Associate M… https://t.co/lrs4EoRm1B

Saturday, January 12


News

Investigation Relating to the ConAgra Brands Retirement Income Savings Plan Announced by Stull, Stull & Brody

CAG

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.

Read Full Details

Topics:
  • Business
  • Financial

Thursday, January 10


News

Why Conagra Brands Stock Dropped 34% in December

CAG

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.

Read Full Details

Topics:
  • Business
  • Financial

Sunday, December 30


News

Why Conagra Brands Has Turned Into a Terrible Investment

CAG

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.

Read Full Details

Topics:
  • Business
  • Financial

Thursday, December 27


News

Conagra Declines 26% in a Week: What's Making it Unappetizing?

CAG

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.

Read Full Details

Topics:
  • Business
  • Financial

Wednesday, December 26


News

What’s behind Conagra Brands’ Stock Slump?

CAG

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.

Read Full Details

Topics:
  • Business
  • Financial

Friday, December 21


News

Should You Buy ConAgra Brands After Its Post-Earnings Plunge?

CAG

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.

Read Full Details

Topics:
  • Business
  • Financial
News

Thursday, December 20


News

Conagra and Twitter drop while Tilray, Newmont Mining climb

CAG GOOGL +2 more CAG GOOGL GOOG NEM

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.

Read Full Details

Topics:
  • Business
  • Financial
Social Chatter

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

CAG
$CAG $DBVT: Why Conagra Brands, DBV Technologies, and Carnival Slumped …: https://t.co/Tcr7Rt2Hz7