Conagra Brands, Inc. (CAG), headquartered in Chicago and valued at a market cap of $13.6 billion, is a prominent name in consumer packaged goods. Its portfolio includes well-known brands like Birds Eye, Duncan Hines, Healthy Choice, Marie Callender’s, Reddi-wip, Slim Jim, and Angie’s BOOMCHICKAPOP, offering a wide array of premium food products to its customers.
Shares CAG have significantly underperformed the broader market over the past 52 weeks. CAG has surged 2.5% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 36.8%. In 2024, shares of CAG are down marginally, compared to SPX’s 25.7% gains on a YTD basis.
