ConAgra Foods, Inc. (CAG) - NYSE
  • Oct. 1, 2015, 7:46 AM
    • ConAgra (NYSE:CAG) expects $300M of savings from a new efficiency plan - $200M from lower headcount and non-headcount costs (embracing zero-based budgeting), and $100M of benefits from enhancements to trade spend processes and tools. There will be modest benefit in 2016, more than half of savings by year-end 2017, and the full $300M be 2018.
    • The headcount cuts will amount to roughly 1.5K positions, or 30% of the company's global office-based workforce.
    • The company will relocate its HQ from Omaha to Chicago beginning next summer, though it will retain a significant presence in Warren Buffett's hometown with 1.2K workers.
    | Oct. 1, 2015, 7:46 AM | 15 Comments
  • Sep. 25, 2015, 2:04 PM
    • Packaged food stocks are ahead of broad market averages for the day. There are some consistent themes playing out in the sector which have increased interest in select names. Topping the list are M&A potential, activist investor action, and good old-fashioned fundamental valuation.
    • Gainers: Treehouse Foods (NYSE:THS) +3.1%, B&G Foods (NYSE:BGS) +2.9%, ConAgra Foods (NYSE:CAG) +2.7%, Kellogg (NYSE:K) +2.6%, General Mills (NYSE:GIS) +2.3%, Campbell Soup (NYSE:CPB) +2.3%, J.M. Smucker (NYSE:SJM) +1.6%.
    | Sep. 25, 2015, 2:04 PM | 3 Comments
  • Sep. 25, 2015, 8:47 AM
    • ConAgra Foods (NYSE:CAG) declares $0.25/share quarterly dividend, in line with previous.
    • Forward yield 2.43%
    • Payable Dec. 1; for shareholders of record Oct. 30; ex-div Oct. 28.
    | Sep. 25, 2015, 8:47 AM
  • Sep. 24, 2015, 5:37 PM
    • Top gainers, as of 5.25 p.m.: BLPH +53.0%. JBL +9.9%. NKE +7.8%. MRVL +6.4%. RMBS +5.6%.
    • Top losers, as of 5.25p.m.: PIR -6.3%. AM -4.0%. CAG -3.0%. CLLS -2.7%. WLK -2.5%.
    | Sep. 24, 2015, 5:37 PM | 1 Comment
  • Sep. 22, 2015, 7:59 AM
    • ConAgra Foods (NYSE:CAG) reports Commercial Foods segment sales grew 3.5% to $1.097B.
    • Consumer Food segment sales fell 0.3% to $1.697B.
    • Gross margin rate increased 370 bps to 25.1%.
    • SG&A expense rate +20 bps to 14.5%.
    • Adjsuted segment profit: Consumer Foods: $248M (+22%); Commercial Foods: $139M (+13%).
    • Private brands operations classified as discontinued operations for the quarter.
    • FQ1 results
    | Sep. 22, 2015, 7:59 AM | 1 Comment
  • Sep. 22, 2015, 7:33 AM
    • ConAgra Foods (NYSE:CAG): FQ1 EPS of $0.45 beats by $0.05.
    • Revenue of $2.79B (+1.1% Y/Y)
    | Sep. 22, 2015, 7:33 AM
  • Sep. 21, 2015, 5:30 PM
  • Aug. 25, 2015, 5:35 PM
    • investors should stick with "market darlings" - the 25 stocks that had performed the best during the six months before a market pullback - according to the analyst team at RBC.
    • The firm notes that although many recent winners are leading the market lower, the extent of the underperformance is just 1%; it also says investing in the group following sharp market pullbacks is a winning strategy over the ensuing week, month and six months.
    • RBC's 25 market darlings are AET, ALTR, AMZN, AIZ, CVC, CI, CAG, EA, EQIX, EXPE, GME, GOOGL, HAS, HCA, MNST, NFLX, NKE, PRGO, REGN, SBUX, TSO, TWC, TSS, UA, UHS
    | Aug. 25, 2015, 5:35 PM | 61 Comments
  • Aug. 22, 2015, 9:14 AM
    • TreeHouse Foods (NYSE:THS) is in advanced talks to buy the private-label food business of ConAgra (NYSE:CAG), sources tell New York Post.
    • A deal could be struck for the Ralcorp business in the neighborhood of $3B. ConAgra tipped earlier this year it planned to divest Ralcorp.
    • Cerberus Capital Management and Post Holdings (NYSE:POST) are believed to still be in the hunt as well.
    • TreeHouse's CEO and CFO met with groups of investors this week to reiterate the food company's thirst for M&A.
    | Aug. 22, 2015, 9:14 AM | 3 Comments
  • Aug. 17, 2015, 1:39 PM
    • ConAgra Foods (CAG) announces the hiring of Darren Serrao to the position of chief growth officer.
    • Serrao was hired away from Campbell Soup where he led the U.S. consumer business.
    | Aug. 17, 2015, 1:39 PM | 3 Comments
  • Jul. 28, 2015, 8:54 PM
    • ConAgra (NYSE:CAG) has started talks with TreeHouse Foods (NYSE:THS) and Post Holdings (NYSE:POST) regarding the sale of its Ralcorp private label unit, which could be valued at ~$3.5B, Reuters reports.
    • The companies are said to have joined P-E firms including Apollo Global Management (NYSE:APO) and Cerberus Capital Management in the auction for Ralcorp.
    • Ralcorp, which makes private label cereal, pasta, crackers, jams and jellies, syrups and frozen waffles, has been plagued by integration costs and pressured profit margins since it was acquired by CAG for $5.1B in 2013.
    | Jul. 28, 2015, 8:54 PM | 3 Comments
  • Jul. 14, 2015, 8:35 AM
    • ConAgra Foods (NYSE:CAG) declares $0.25/share quarterly dividend, in line with previous.
    • Forward yield 2.24%
    • Payable Sept. 1; for shareholders of record July 30; ex-div July 28.
    | Jul. 14, 2015, 8:35 AM | 2 Comments
  • Jul. 8, 2015, 5:56 PM
    • ConAgra Foods (NYSE:CAG) agrees to add two members to its board as part of an agreement with ~7.2%-owner Jana Partners, which has been pushing for change citing the company’s ailing private-label Ralcorp business.
    • CAG will appoint former CEO of Nestlé USA Bradley Alford and former Walgreens Boots Alliance CFO Timothy McLevish to the board, which will increase the board size to 14 members.
    • Last month, CAG said it planned to sell Ralcorp, less than three years after paying $5B for it; Reuters reports CAG has hired Centerview Partners to explore a sale of the private label unit.
    • CAG +0.9% AH.
    | Jul. 8, 2015, 5:56 PM | 2 Comments
  • Jun. 30, 2015, 8:04 AM
    • ConAgra Foods (NYSE:CAG) reports Consumer Food segment sales rose 4.5% to $1.86B in FQ4.
    • Commercial Foods segment sales grew 6.6% to $1.23B.
    • Private brands segment sales fell 1% to $1.02B.
    • Gross margin rate improved 94 bps to 22.24%.
    • Adjsuted segment profit: Consumer Foods: $319M (+20%); Commercial Foods: $154M (+3%); Private brands: -$31M (-30%).
    • Company plans to close Private brands operations.
    • CAG +3.62% premarket.
    | Jun. 30, 2015, 8:04 AM | 5 Comments
  • Jun. 30, 2015, 7:33 AM
    • ConAgra Foods (NYSE:CAG): FQ4 EPS of $0.59 in-line.
    • Revenue of $4.1B (+3.5% Y/Y) misses by $40M.
    • Shares +1.31% PM.
    | Jun. 30, 2015, 7:33 AM
  • Jun. 29, 2015, 5:30 PM
Company Description
ConAgra Foods, Inc. manufactures and markets processed and packaged foods. The company operates through four segments: Consumer, Commercial, Ralcorp and Ralcorp Food Group. The Consumer Foods segment includes branded and private brand food products that are sold in various retail and foodservice... More
Industry: Processed & Packaged Goods
Country: United States