Valued at a market cap of $9 billion, Conagra Brands, Inc. (CAG) is a leading packaged foods company headquartered in Chicago, Illinois. Its portfolio includes well-known brands such as Healthy Choice, Hunt’s, Birds Eye, Slim Jim, Orville Redenbacher’s, and Marie Callender’s, spanning categories like frozen meals, snacks, condiments, and shelf-stable goods.
This packaged foods company has significantly lagged behind the broader market over the past 52 weeks. Shares of CAG have declined 36.8% over this time frame, while the broader S&P 500 Index ($SPX) has soared 21.1%. Moreover, on a YTD basis, the stock is down 31.8%, compared to SPX’s 7.9% uptick.
