With a market cap of $8.9 billion, Conagra Brands, Inc. (CAG) is a leading U.S. consumer packaged foods company that produces and markets a wide range of grocery, frozen, refrigerated, and snack products. Founded in 1919 and headquartered in Chicago, it operates across retail, international, and foodservice channels, with a strong portfolio of well-known brands such as Birds Eye, Duncan Hines, Healthy Choice, and Slim Jim.
Shares of the company have significantly underperformed the broader market over the past 52 weeks. CAG stock has declined 29% over this time frame, while the broader S&P 500 Index ($SPX) has gained 15.5%. However, shares of the company are up 6.2% on a YTD basis, compared to SPX’s 1.9% increase.
