Valued at a market cap of $14.5 billion, Chicago-based Conagra Brands, Inc. (CAG), is a leading consumer packaged goods company. The company offers premium edible products across Grocery & Snacks; Refrigerated & Frozen; International; and Foodservice segments to meet evolving consumer preferences. Some of its iconic brands include Birds Eye®, Duncan Hines®, and Healthy Choice®.
Shares of this consumer-packaged goods company have significantly underperformed the broader market over the past 52 weeks. CAG has declined 13.6% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 28.9%. In 2024, shares of CAG are up 5.7%, compared to SPX's 11.2% gains on a YTD basis.
