With a market cap of $8.2 billion, Conagra Brands, Inc. (CAG) is a leading North American packaged foods company with a diverse portfolio of iconic brands such as Birds Eye, Healthy Choice, Slim Jim, Reddi-wip, and Marie Callender’s. Operating across four segments: Grocery & Snacks; Refrigerated & Frozen; International; and Foodservice, the company delivers innovative food products tailored to evolving consumer preferences.
Shares of the Chicago, Illinois-based company have significantly underperformed the broader market over the past 52 weeks. CAG stock has dropped 41.1% over this time frame, while the broader S&P 500 Index ($SPX) has gained 18.5%. Moreover, shares of the company are down 38.3% on a YTD basis, compared to SPX’s 15.1% increase.
