Docoh
Loading...

CAG Conagra Brands

Conagra Brands, Inc., headquartered in Chicago, is one of North America'sleading branded food companies. Guided by an entrepreneurial spirit, Conagra Brands combines a rich heritage of making great food with a sharpened focus on innovation. The company's portfolio is evolving to satisfy people's changing food preferences. Conagra's iconic brands, such as Birds Eye®, Marie Callender's®, Banquet®, Healthy Choice®, Slim Jim®, Reddi-wip®, and Vlasic®, as well as emerging brands, including Angie's® BOOMCHICKAPOP®, Duke's®, Earth Balance®, Gardein®, and Frontera®, offer choices for every occasion.

Company profile

Ticker
CAG
Exchange
CEO
Sean Connolly
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
CONAGRA FOODS INC /DE/, CONAGRA INC /DE/
SEC CIK
IRS number
470248710

CAG stock data

(
)

Calendar

23 Jul 21
31 Jul 21
30 May 22
Quarter (USD)
May 21 Feb 21 Nov 20 Aug 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
May 21 May 20 May 19 May 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 79.2M 79.2M 79.2M 79.2M 79.2M 79.2M
Cash burn (monthly) 500K 39.51M (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) 1.02M 80.97M n/a n/a n/a n/a
Cash remaining 78.18M -1.77M n/a n/a n/a n/a
Runway (months of cash) 156.4 -0.0 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
27 Jul 21 Batcheler Colleen Common Stock Sell Dispose S No Yes 34.2 33,803 1.16M 159,944
23 Jul 21 Batcheler Colleen Common Stock Payment of exercise Dispose F No No 34.25 26,885 920.81K 193,747
23 Jul 21 Batcheler Colleen Common Stock Grant Aquire A No No 0 60,689 0 220,632
23 Jul 21 Brock Charisse Common Stock Payment of exercise Dispose F No No 34.25 13,443 460.42K 90,660
23 Jul 21 Brock Charisse Common Stock Grant Aquire A No No 0 30,344 0 104,103
23 Jul 21 Connolly Sean Common Stock Payment of exercise Dispose F No No 34.25 125,646 4.3M 728,323.84
23 Jul 21 Connolly Sean Common Stock Grant Aquire A No No 0 283,629 0 853,969.84
22 Jul 21 Batcheler Colleen RSU Common Stock Grant Aquire A No No 0 11,413 0 11,413
22 Jul 21 Brock Charisse RSU Common Stock Grant Aquire A No No 0 5,706 0 5,706
22 Jul 21 Connolly Sean RSU Common Stock Grant Aquire A No No 0 60,068 0 60,068

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

82.9% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 731 728 +0.4%
Opened positions 84 110 -23.6%
Closed positions 81 80 +1.3%
Increased positions 253 254 -0.4%
Reduced positions 240 226 +6.2%
13F shares
Current Prev Q Change
Total value 14.96B 14.66B +2.0%
Total shares 397.87M 404.51M -1.6%
Total puts 1.14M 2.5M -54.3%
Total calls 2.89M 2M +44.6%
Total put/call ratio 0.4 1.2 -68.4%
Largest owners
Shares Value Change
Capital World Investors 57.23M $2.15B -4.4%
Vanguard 55.4M $2.08B +0.1%
BLK Blackrock 35.91M $1.35B +6.9%
TROW T. Rowe Price 22.65M $851.56M -2.5%
STT State Street 21.11M $793.61M -1.4%
MCQEF Macquarie 19.58M $736.27M -8.4%
Jana Partners 10.86M $408.28M 0.0%
American Century Companies 9.68M $363.86M +47.2%
LSV Asset Management 9.39M $353.16M +26.5%
Geode Capital Management 8.5M $318.59M +3.9%
Largest transactions
Shares Bought/sold Change
Norges Bank 0 -4.93M EXIT
American Century Companies 9.68M +3.1M +47.2%
Capital World Investors 57.23M -2.65M -4.4%
BLK Blackrock 35.91M +2.31M +6.9%
LSV Asset Management 9.39M +1.97M +26.5%
MCQEF Macquarie 19.58M -1.79M -8.4%
IVZ Invesco 6.5M -1.59M -19.7%
Arrowstreet Capital, Limited Partnership 2.84M +1.51M +113.4%
BEN Franklin Resources 1.61M -1.19M -42.5%
Retirement Systems of Alabama 182.23K -926.71K -83.6%

Financial report summary

?
Risks
  • The COVID-19 pandemic could have an adverse impact on our business, financial condition, and results of operations.
  • Deterioration of general economic conditions could harm our business and results of operations.
  • Our existing and future debt may limit cash flow available to invest in the ongoing needs of our business and could prevent us from fulfilling our debt obligations or returning cash to stockholders.
  • Increased competition may result in reduced sales or profits.
  • If we do not achieve the appropriate cost structure in the highly competitive food industry, our profitability could decrease.
  • Increases in commodity costs may have a negative impact on profits.
  • Volatility in the market value of derivatives we use to manage exposures to fluctuations in commodity prices will cause volatility in our gross margins and net earnings.
  • We may not realize the benefits that we anticipated from the Pinnacle Foods acquisition.
  • If we are unable to complete acquisitions or integrate acquired businesses, our financial results could be materially and adversely affected.
  • If we are unable to complete certain divestitures, our financial results could be materially and adversely affected.
  • We may be exposed to claims and liabilities or incur operational difficulties as a result of our spinoff of the Lamb Weston business (the "Spinoff").
  • We may be subject to product liability claims and product recalls, which could negatively impact our profitability.
  • Any damage to our reputation could have a material adverse effect on our business, financial condition, and results of operations.
  • We must identify changing consumer preferences and develop and offer food products to meet their preferences.
  • Changes in our relationships with significant customers or suppliers could adversely affect us.
  • The sophistication and buying power of our customers could have a negative impact on profits.
  • Disruption of our supply chain could have an adverse impact on our business, financial condition, and results of operations.
  • The termination or expiration of current co-manufacturing arrangements could reduce our sales volume and adversely affect our results of operations.
  • As we outsource certain functions, we become more dependent on the third parties performing those functions.
  • Our operations are dependent on a wide array of third parties.
  • If we fail to comply with the many laws applicable to our business, we may face lawsuits or incur significant fines and penalties. In addition, changes in such laws may lead to increased costs.
  • Climate change, or legal, regulatory, or market measures to address climate change, may negatively affect our business and operations.
  • We rely on our management team and other key personnel.
  • Our results could be adversely impacted as a result of increased pension, labor, and people-related expenses.
  • Impairment in the carrying value of goodwill or other intangibles could result in the incurrence of impairment charges and negatively impact our net worth.
  • Our intellectual property rights are valuable, and any inability to protect them could have an adverse impact on our business, financial condition, and results of operations.
Management Discussion
  • ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
  • The information contained in this report includes forward-looking statements within the meaning of the federal securities laws. Examples of forward-looking statements include statements regarding our expected future financial performance or position, results of operations, business strategy, plans and objectives of management for future operations, and other statements that are not historical facts. You can identify forward-looking statements by their use of forward-looking words, such as "may", "will", "anticipate", "expect", "believe", "estimate", "intend", "plan", "should", "seek", or comparable terms.
  • Readers of this report should understand that these forward-looking statements are not guarantees of performance or results. Forward-looking statements provide our current expectations and beliefs concerning future events and are subject to risks, uncertainties, and factors relating to our business and operations, all of which are difficult to predict and could cause our actual results to differ materially from the expectations expressed in or implied by such forward-looking statements. These risks, uncertainties, and factors include, among other things: the risk that the cost savings and any other synergies from the acquisition of Pinnacle Foods Inc. (the "Pinnacle acquisition") may not be fully realized or may take longer to realize than expected; the risk that the Pinnacle acquisition may not be accretive within the expected timeframe or to the extent anticipated; the risks that the Pinnacle acquisition and related integration will create disruption to the Company and its management and impede the achievement of business plans; risks related to our ability to achieve the intended benefits of other recent acquisitions and divestitures; risks associated with general economic and industry conditions; risks associated with our ability to successfully execute our long-term value creation strategies; risks related to our ability to deleverage on currently anticipated timelines, and to continue to access capital on acceptable terms or at all; risks related to our ability to execute operating and restructuring plans and achieve targeted operating efficiencies from cost-saving initiatives and to benefit from trade optimization programs; risks related to the effectiveness of our hedging activities and ability to respond to volatility in commodities; risks related to the Company's competitive environment and related market conditions; risks related to our ability to respond to changing consumer preferences and the success of our innovation and marketing investments; risks related to the ultimate impact of any product recalls and litigation, including litigation related to the lead paint and pigment matters, as well as any securities litigation, including securities class action lawsuits; risk associated with actions of governments and regulatory bodies that affect our businesses, including the ultimate impact of new or revised regulations or interpretations; risks related to the impact of the COVID-19 pandemic on our business, suppliers, consumers, customers, and employees; risks related to our forecasts of consumer eat-at-home habits as the impacts of the COVID-19 pandemic abate; risks related to the availability and prices of supply chain resources, including raw materials, packaging and transportation, including any negative effects caused by changes in inflation rates, weather conditions, or health pandemics; disruptions or inefficiencies in our supply chain and/or operations, including from the COVID-19 pandemic; risks associated with actions by our customers, including changes in distribution and purchasing terms; risks and uncertainties associated with intangible assets, including any future goodwill or intangible assets impairment charges; risks related to a material failure in or breach of our or our vendors' information technology systems; the amount and timing of future dividends, which remain subject to Board approval and depend on market and other conditions; and other risks described in our reports filed from time to time with the SEC. We caution readers not to place undue reliance on any forward-looking statements included in this report, which speak only as of the date of this report. We undertake no responsibility to update these statements, except as required by law.
Content analysis
?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
New words: Acknowledgment, advocacy, advocating, agenda, agent, Agility, Aid, amplify, array, Bay, Beater, belong, belonging, black, brown, carryforward, categorized, celebrate, Chase, Citizenship, clear, collaboration, college, compensatory, competitor, constantly, consulting, Council, covenant, Craig, culture, deadline, decree, depleted, Description, developmental, disability, duly, eating, eCommerce, education, embedded, embrace, embracing, empower, entrepreneur, equitable, exemplified, Exhibit, export, extinguishment, family, Fargo, feedback, feel, force, frequently, fringe, gender, Gregor, Hatchery, hereto, herewith, highlight, Hispanic, HM, holistic, HR, IDP, impractical, incident, Indenture, infection, Inline, inspiring, Interactive, internship, interrelated, issuable, Joie, JPMorgan, lagoon, Language, lap, launched, learning, length, Lenny, Letter, Luxembourg, Manhattan, Marshall, Mellon, Nonqualified, nourish, obsession, Omtvedt, orientation, owner, Page, Pan, partnered, passion, PCA, Peter, phased, pipeline, pre, priority, race, rapid, RDM, recruiting, recruitment, refreshed, rejected, reopened, replenishment, request, resource, retention, Richard, robust, safe, scarcity, scholarship, screening, sector, sexual, shipment, skilled, slower, standing, strive, Supplemental, supplementally, surge, surrogacy, thereunto, threshold, thrive, Thurgood, top, trust, trustee, unaffiliated, underrepresented, undersigned, underway, unexpectedly, unplanned, vaccine, Valley, vi, vii, wastewater, women, workplace, XBRL
Removed: actuary, agree, anniversary, annum, Artisan, assure, Banquet, base, blended, borrowed, breakfast, bulk, charitable, complexity, construction, dedication, deduction, difficulty, distraction, divert, diverted, effecting, engineering, entitled, entree, exceeded, exclude, favorability, flatbread, forego, guaranty, independently, indirect, JM, LIBOR, lose, maker, merchandising, morale, overarching, penalty, pocket, popcorn, prioritization, rating, reinvestment, repatriation, reverse, Salpica, Sandwich, SCAE, sizable, spend, spent, standby, stranded, structured, sum, Swank, transitional, vast, warrant