Company profile

Sean M. Connolly
Incorporated in
Fiscal year end
Industry (SEC)
Former names
Conagra Foods Inc, Conagra Inc
IRS number

CAG stock data



31 Mar 20
2 Jul 20
31 May 21


Company financial data Financial data

Quarter (USD) Feb 20 Nov 19 Aug 19 May 19
Revenue 2.56B 2.82B 2.39B 2.61B
Net income 204.4M 260.5M 173.8M 126.5M
Diluted EPS 0.42 0.53 0.36 0.26
Net profit margin 8.00% 9.23% 7.27% 4.84%
Operating income 439.6M 515.8M 363.2M 388.7M
Net change in cash -93M 127.3M -171.9M -45.6M
Cash on hand 99M 192M 64.7M 236.6M
Cost of revenue 1.87B 2.02B 1.73B 1.91B
Annual (USD) May 19 May 18 May 17 May 16
Revenue 9.54B 7.94B 7.83B 1.5B
Net income 678.3M 808.4M 639.3M -677M
Diluted EPS 1.52 1.98 1.46 -1.56
Net profit margin 7.11% 10.18% 8.17% -45.13%
Operating income 1.64B 1.41B 1.24B 1.22B
Net change in cash 108.6M -123.4M -546.7M 664M
Cash on hand 236.6M 128M 251.4M 798.1M
Cost of revenue 6.89B 5.59B 5.48B 6.23B

Financial data from company earnings reports

Date Owner Security Transaction Code $Price #Shares $Value #Remaining
1 Jun 20 Jana Partners Common Stock Grant Aquire A 0 4,453 0 10,862,824
1 Jun 20 McGough Thomas M Common Stock Sell Dispose S 35 80,615 2.82M 145,868.66
1 Jun 20 McGough Thomas M Common Stock Option exercise Aquire M 18.42 80,615 1.48M 226,483.66
1 Jun 20 McGough Thomas M Employee Stock Option Common Stock Option exercise Dispose M 18.42 80,615 1.48M 0
1 Jun 20 Lenny Richard H Common Stock Grant Aquire A 0 12,618 0 95,745.78
1 Jun 20 Omtvedt Craig P Common Stock Grant Aquire A 0 4,453 0 84,648
1 Jun 20 Melissa Lora Common Stock Grant Aquire A 0 4,453 0 12,549
82.4% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 659 713 -7.6%
Opened positions 76 112 -32.1%
Closed positions 130 69 +88.4%
Increased positions 201 216 -6.9%
Reduced positions 246 242 +1.7%
13F shares
Current Prev Q Change
Total value 159.5B 156.88B +1.7%
Total shares 401.16M 421.44M -4.8%
Total puts 2.97M 7.82M -62.0%
Total calls 5.32M 8.04M -33.9%
Total put/call ratio 0.6 1.0 -42.5%
Largest owners
Shares Value Change
Vanguard 58.61M $1.72B +4.3%
BLK BlackRock 40.45M $1.19B -4.2%
Capital World Investors 38.06M $1.12B +28.3%
N Price T Rowe Associates 30M $880.09M -18.7%
MCQEF Macquarie 29.16M $855.45M -13.9%
STT State Street 21.87M $641.56M -0.4%
Jana Partners 11.73M $344.24M -21.6%
FMR 9.7M $284.74M -14.5%
Geode Capital Management 7.62M $223M -0.6%
AMP Ameriprise Financial 7.54M $221.23M +19.9%
Largest transactions
Shares Bought/sold Change
Capital World Investors 38.06M +8.4M +28.3%
N Price T Rowe Associates 30M -6.88M -18.7%
MCQEF Macquarie 29.16M -4.7M -13.9%
Norges Bank 0 -4.68M EXIT
Jana Partners 11.73M -3.23M -21.6%
Vanguard 58.61M +2.42M +4.3%
BK Bank Of New York Mellon 5.55M -2.15M -27.9%
BLK BlackRock 40.45M -1.77M -4.2%
C Citigroup 253.72K -1.7M -87.0%
FMR 9.7M -1.65M -14.5%

Financial report summary

  • Deterioration of general economic conditions could harm our business and results of operations.
  • Disruption of our supply chain could have an adverse impact on our business, financial condition, and results of operations.
  • We rely on our management team and other key personnel.
Management Discussion
  • On October 26, 2018, we completed our acquisition of Pinnacle Foods Inc ("Pinnacle"), a branded packaged foods company specializing in shelf-stable and frozen foods (the "Pinnacle acquisition"). As a result of the acquisition, Pinnacle became a wholly-owned subsidiary of the Company. The total amount of consideration paid in connection with the acquisition was approximately $8.03 billion, consisting of cash and shares of our stock, as described in more detail in the section entitled "Acquisitions" below.
  • In connection with the Pinnacle acquisition, we incurred approximately $8.33 billion of long-term debt and received cash proceeds of $575.0 million ($555.7 million net of related fees) from the issuance of common stock in an underwritten public offering. We used such proceeds for the payment of the cash portion of the Merger Consideration (as defined below), the repayment of Pinnacle debt acquired, the refinancing of certain Conagra Brands debt, and the payment of related fees and expenses.
  • The integration of Pinnacle is continuing and on-track. We expect to achieve cost synergies of $285 million per year when the integration is concluded.
Content analysis ?
H.S. junior Avg
New words: accessing, altogether, attempted, attract, aware, behavior, casual, climate, compete, constrained, costly, dedication, deterioration, dining, disaster, diverted, duration, elevated, entertainment, failure, fine, fire, franchise, freeze, fuel, home, ill, insufficient, leave, likelihood, lose, lost, move, national, opportunity, outbreak, pandemic, passed, rely, restaurant, shutdown, simplification, slight, slightly, soft, talented, team, terrorism, traffic, train, travel, undrawn, unemployment, warmer, wide, winter
Removed: alternate, approximating, bank, bear, failed, greatest, iii, Intersegment, mature, penalty, prepay, prime, reserve, thirteen, voluntarily