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ConAgra Foods, Inc. (CAG)

- NYSE
  • Thu, Mar. 26, 12:37 PM
    • Deutsche Bank thinks 3G Capital will be back in the food sector for a major acquisition faster than some other investment firms anticipate.
    • 3G put itself in a stronger position to make a major purchase by not adding debt in the Kraft deal.
    • Analyst Eric Katzman sees some food names trading with a premium as the 3G shadow hangs over the sector, while others have downside risk with M&A speculation not making as much sense.
    • Premium on: ConAgra (NYSE:CAG), General Mills (NYSE:GIS), Mondelez International (NASDAQ:MDLZ), Pinnacle Foods (NYSE:PF), PepsiCo (NYSE:PEP).
    • Premium off: Campbell Soup (NYSE:CPB), Hershey (NYSE:HSY), Hormel (NYSE:HRL), Kellogg (NYSE:K), J.M. Smucker (NYSE:SJM).
    • Previously: Investors snapping up food stocks (Mar. 25 2015)
    • Previously: Beer fallout from Kraft buyout (Mar. 25 2015)
    • Previously: Kraft-Heinz merger has a few ETFs on the move (Mar. 25 2015)
    | 11 Comments
  • Thu, Mar. 26, 7:47 AM
    • ConAgra Foods (NYSE:CAG) reports sales in its Consumer Foods segment fell 2% to $1.8B in FQ3 on flat volume.
    • Operating profit was up 3% to $274M on a tighter advertising spend.
    • The Commercial Foods segment saw a 1% gain in sales to $1B and 18% rise in operating profit to $145M.
    • Private Brands segment sales -5% to $1B on volume declines across brands.
    • Guidance: ConAgra sees FY15 EPS of $2.15-$2.19 vs. $2.14 consensus.
    • CAG +1.6% premarket.
    | Comment!
  • Tue, Mar. 24, 9:34 PM
    • Kraft (NASDAQ:KRFT) finished AH trading at $71.44 following a WSJ report stating the company is in talks to sell itself to P-E firm 3G Capital. Mondelez (NASDAQ:MDLZ) rose 3.3% to $36.18, and ConAgra (NYSE:CAG) rose 1.9% to $35.27.
    • The WSJ has added more details. Sources state a deal could be announced soon, and that 3G would use previously-acquired Heinz to make the purchase. It now calls buyout talks "advanced," and highlights 3G's track record of aggressively cutting costs at consumer companies it has acquired.
    • The paper speculates Kraft "could be valued at well over $40 billion," given typical M&A premiums. The food/beverage giant closed AH with a $42.6B market cap.
    | 18 Comments
  • Fri, Feb. 13, 5:36 PM
    • Top gainers, as of 5:15 p.m.: IRWD +5.9%. HK +5.0%. EGY +4.8%. CAG +4.3%. TTS +3.5%.
    • Top losers, as of 5:15 p.m.: PES -9.7%. LOGM -7.7%. HOS -7.2%. THRX -6.4%. BTU -6.3%.
    | 3 Comments
  • Thu, Feb. 12, 4:30 PM
    • ConAgra (NYSE:CAG) lowers profit guidance due to the impact of the strong U.S. dollar.
    • The company also concedes taking a loss on some commodity hedges.
    • 2015 EPS of $2.13-$2.28 expected vs. $2.26 consensus.
    • CAG -1.1% after hours.
    | 1 Comment
  • Dec. 18, 2014, 8:15 AM
    • ConAgra Foods (NYSE:CAG) reports Consumer Food segment sales fell 1.9% to $1.98B in FQ2.
    • Commercial Foods segment sales were up 1.9% to $1.12B.
    • Private brands segment sales dropped 4.8% to $1.05B.
    • Gross margin rate declined 133 bps to 21.41%.
    • Segment profit: Consumer Foods: $301.7M (+5.5%); Commercial Foods: $148.1M (+16.0%); Private brands: -$202.3M.
    • FY2015 Guidance: Adjusted EPS: mid-single digit rate growth Y/Y; Operating cash flow: $1.6B to $1.7B; Debt: reduce by $1.0B.
    • CAG -0.27% premarket
    | Comment!
  • Oct. 9, 2014, 10:58 AM
    • Consumer staples stocks continue to persevere amid a broad market decline.
    • The Consumer Staples Select ETF (NYSEARCA:XLP) is +1.9% over the last 5 days vs. the -1.3% showing of the S&P 500 ETF.
    • Today, PepsiCo (PEP +1.5%) is doing some of the heavy lifting following its Q3 earnings report - while a number of meat stocks are also contributing including Pilgrim's Pride (PPC +1.3%), ConAgra Foods (CAG +1.8%), Hormel (HRL +0.7%), Seneca Foods Corp. (SENEA +0.7%), Diamond Foods (DMND +1.1%), Tyson Foods (TSN), and Sanderson Farms (SAFM +0.7%) .
    | 1 Comment
  • Sep. 24, 2014, 11:01 AM
    • Food stocks are topping market averages as investors shift to a more defensive stance.
    • The sector is also getting a look with grain, corn, meat, and rice prices moderating on improved global supplies.
    • On the move: Post Holdings (NYSE:POST) +2.0%, Dean Foods (NYSE:DF) +1.0%, Sanderson Farms (NASDAQ:SAFM) +1.7%, Diamond Foods (NASDAQ:DMND) +1.5%, Flower Foods (NYSE:FLO) +1.3%, Hain Celestial (NASDAQ:HAIN) +1.6%, General Mills (NYSE:GIS) +0.7%, ConAgra (NYSE:CAG) +1.1%, Kraft Foods (NASDAQ:KRFT) +1.0%, Tyson Foods (NYSE:TSN) +1.5%, Seaboard (NYSEMKT:SEB) +2.7%.
    | Comment!
  • Sep. 18, 2014, 9:06 AM
    • Shares of ConAgra Foods (NYSE:CAG) rise in early action after some tight expense control helped the company best FQ1 EPS estimates.
    • The company also backed its FY15 guidance.
    • CAG +2.7% premarket
    | Comment!
  • Jun. 19, 2014, 7:39 AM
    • Bank of America lowers its rating on ConAgra (CAG) to Underperform.
    • Yesterday, ConAgra warned on profits and blamed Chef Boyardee for most of the shortfall.
    • CAG -0.8% premarket
    | 3 Comments
  • Jun. 18, 2014, 12:45 PM
    | 5 Comments
  • Jun. 18, 2014, 9:07 AM
    • ConAgra (CAG) singled out Chef Boyardee as a brand which is cutting into the company's overall profitability due to weak demand.
    • A non-cash impairment charge of $681M is being taken in FQ4 due to the brand's slide in relevance and goodwill.
    • CAG -4.9% premarket to $31.24.
    | 3 Comments
  • Jun. 18, 2014, 8:13 AM
    • ConAgra (CAG) warns it will miss analyst estimates with its FQ4 report.
    • The company sees FQ4 EPS of $0.55 vs. $0.62 consensus.
    • A drop in volume of 7% for ConAgra's consumer foods segment is partially responsible for the profit slip.
    • CAG -3.9% premarket
    | 1 Comment
  • May. 27, 2014, 7:28 AM
    • A $6.4B offer by Pilgrim Pride's (PPC) to buy Hillshire Brands (HSH) could rattle the food sector.
    • For starters, the deal could spoil Hillshire's offer on the table to buy Pinnacle Foods (PF).
    • The quick analyst take on a PPC-HSH combination is favorable with the companies focused in different areas (chicken vs. packaged meat) which could lead to easy access to new distribution channels.
    • Premarket: HSH +22.9% to $45.49, PF -5.3% to $31.50.
    • Also on merger watch in the food sector: THS, SJM, GIS, KRFT, CPB, ADM, BGS, RAH, HAIN, K CAG
    | 2 Comments
  • Feb. 11, 2014, 9:10 AM
    | 1 Comment
  • Feb. 11, 2014, 8:34 AM
    • ConAgra (CAG) cuts its guidance after seeing soft volume trends and slow traction for its private-label brands.
    • The company now expects FY14 EPS of $2.22-$2.25 vs. $2.34-$2.38 prior and $2.34 consensus.
    • CAG -5.6% premarket
    | 7 Comments
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Company Description
ConAgra Foods Inc is a packaged foods company. It sells its products through grocery, convenience, mass merchandise, club, and drug stores.