Chicago, Illinois-based Conagra Brands, Inc. (CAG) is a consumer-packaged goods food company. With a market cap of around $11 billion, the company operates through four segments: Grocery & Snacks, Refrigerated & Frozen, International, and Foodservice.
Shares of Conagra Brands have lagged behind the broader market over the past 52 weeks. CAG has dropped 25.1% over this period, while the broader S&P 500 Index ($SPX) has gained 8.6%. Moreover, shares of CAG are down 17.1% on a YTD basis, compared to SPX’s 4.3% decline.
