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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

(
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Calendar

8 Apr 21
12 Apr 21
30 May 21
Quarter (USD)
Feb 21 Nov 20 Aug 20 May 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 20 May 19 May 18 May 17
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) 80.7M 80.7M 80.7M 80.7M 80.7M 80.7M
Cash burn (monthly) (positive/no burn) 1.53M (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) n/a 2.31M n/a n/a n/a n/a
Cash remaining n/a 78.39M n/a n/a n/a n/a
Runway (months of cash) n/a 51.4 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
19 Mar 21 McGough Thomas M Common Stock Sell Dispose S Yes Yes 37.53 13,010 488.27K 111,303
19 Mar 21 McGough Thomas M Common Stock Sell Dispose S No Yes 37.55 45,660 1.71M 56,340.66
19 Mar 21 McGough Thomas M Common Stock Option exercise Aquire M No Yes 23 45,660 1.05M 102,000.66
19 Mar 21 McGough Thomas M Employee Stock Option Common Stock Option exercise Dispose M No No 23 45,660 1.05M 135,951
16 Mar 21 McGough Thomas M Common Stock Sell Dispose S Yes Yes 37.5 13,010 487.88K 124,313
16 Mar 21 McGough Thomas M Common Stock Sell Dispose S No Yes 37.5 24,340 912.75K 56,340.66
16 Mar 21 McGough Thomas M Common Stock Option exercise Aquire M No Yes 23 24,340 559.82K 80,680.66
16 Mar 21 McGough Thomas M Employee Stock Option Common Stock Option exercise Dispose M No No 23 24,340 559.82K 181,611
8 Mar 21 Batcheler Colleen Common Stock Sell Dispose S No Yes 36 9,931 357.52K 159,943
1 Mar 21 Chirico Emanuel Common Stock Grant Aquire A No No 0 1,449 0 1,449

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

84.3% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 724 697 +3.9%
Opened positions 107 66 +62.1%
Closed positions 80 78 +2.6%
Increased positions 253 247 +2.4%
Reduced positions 226 235 -3.8%
13F shares
Current Prev Q Change
Total value 14.66B 14.25B +2.9%
Total shares 404.43M 399.05M +1.3%
Total puts 2.5M 2.6M -3.7%
Total calls 2M 2.06M -2.7%
Total put/call ratio 1.2 1.3 -1.0%
Largest owners
Shares Value Change
Capital World Investors 59.88M $2.17B +4.8%
Vanguard 55.34M $2.01B -0.3%
BLK Blackrock 33.6M $1.22B -5.9%
TROW T. Rowe Price 23.22M $842.11M -3.2%
STT State Street 21.4M $776.08M -0.9%
MCQEF Macquarie 21.37M $774.91M -3.5%
Jana Partners 10.86M $393.73M 0.0%
Geode Capital Management 8.18M $295.78M +4.3%
IVZ Invesco 8.09M $293.38M +6.4%
LSV Asset Management 7.42M $269.18M +161.5%
Largest transactions
Shares Bought/sold Change
Norges Bank 4.93M +4.93M NEW
LSV Asset Management 7.42M +4.58M +161.5%
AMP Ameriprise Financial 913.59K -4.33M -82.6%
Capital World Investors 59.88M +2.73M +4.8%
BLK Blackrock 33.6M -2.1M -5.9%
Sound Shore Management 2.05M +2.05M NEW
Citadel Advisors 254.07K -1.71M -87.0%
FMR 2.78M -1.5M -35.0%
Holocene Advisors 5.59K -1.17M -99.5%
American Century Companies 6.57M +1.14M +21.0%

Financial report summary

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Risks
  • 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.
  • Increased competition may result in reduced sales or profits.
  • 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.
  • If we do not achieve the appropriate cost structure in the highly competitive food industry, our profitability could decrease.
  • We may not realize the benefits that we expect from our restructuring plans, including the Pinnacle Integration Restructuring Plan.
  • We may be subject to product liability claims and product recalls, which could negatively impact our profitability.
  • 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.
  • If we are unable to complete proposed acquisitions or integrate acquired businesses, our financial results could be materially and adversely affected.
  • If we are unable to complete our proposed divestitures, our financial results could be materially and adversely affected.
  • Disruption of our supply chain could have an adverse impact on our business, financial condition, and results of operations.
  • Any damage to our reputation could have a material adverse effect on our business, financial condition, and results of operations.
  • 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.
  • We rely on our management team and other key personnel.
  • 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 results could be adversely impacted as a result of increased pension, labor, and people-related expenses.
  • Climate change, or legal, regulatory, or market measures to address climate change, may negatively affect our business and operations.
  • Due to the seasonality of the business, our revenue and operating results may vary from quarter to quarter.
  • The termination or expiration of current co-manufacturing arrangements could reduce our sales volume and adversely affect our results of operations.
  • 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.
  • Our stock price may be subject to significant volatility, and you may not be able to resell shares of our common stock at or above the price you paid or at all, and you could lose all or part of your investment as a result.
  • We may be exposed to claims and liabilities or incur operational difficulties as a result of the Spinoff.
Management Discussion
  • Fiscal 2020 performance compared to fiscal 2019 reflected an increase in net sales, including the impact of recent acquisitions, with organic (excludes the impacts of foreign exchange, divested businesses and acquisitions, including the Pinnacle acquisition (until the anniversary date of the acquisitions), as well as the impact of the 53rd week of our fiscal year) increases in all of our operating segments with the exception of our Foodservice segment, in each case compared to fiscal 2019. Organic net sales for our retail segments (inclusive of Grocery & Snacks, Refrigerated & Frozen, and International) were positively impacted by the increase in at-home food consumption as a result of the COVID-19 pandemic, with sales declines in our Foodservice segment due to lower traffic in away-from-home food outlets.
Content analysis
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New words: eCommerce, froze, heightened, lagoon, outdoor, publicly, rebuilding, subordinated, supplemented, wastewater
Removed: CECL, improvement, JM, mentioned, response, restaurant, sell, spread, Swank