CAG Stock Analysis: Conagra Brands | NYSE

Packaged Foods | NYSE, USA | Market Cap: 7.021m USD | 12M Return: -15.5% | US2058871029 | Charts, Fundamentals & Technical Analysis

Shelf Stable, Frozen Meals, Refrigerated Foods, Foodservice
Total Rating 28
Safety 56
Buy Signal -1.45
Packaged Foods
Industry Rotation: -5.2
Market Cap: 7.02B
Avg Turnover: 164M
Risk 3d forecast
Volatility25.8%
VaR 5th Pctl4.57%
VaR vs Median7.51%
Reward TTM
Sharpe Ratio-0.54
Rel. Str. IBD22.5
Rel. Str. Peer Group56
Character TTM
Beta-0.318
Beta Downside-0.192
Hurst Exponent0.514
Drawdowns 3y
Max DD56.66%
CAGR/Max DD-0.25
CAGR/Mean DD-0.57
EPS (Earnings per Share) EPS (Earnings per Share) of CAG over the last years for every Quarter: "2021-08": 0.5, "2021-11": 0.64, "2022-02": 0.58, "2022-05": 0.65, "2022-08": 0.57, "2022-11": 0.81, "2023-02": 0.76, "2023-05": 0.62, "2023-08": 0.66, "2023-11": 0.71, "2024-02": 0.69, "2024-05": 0.61, "2024-08": 0.53, "2024-11": 0.7, "2025-02": 0.51, "2025-05": 0.56, "2025-08": 0.39, "2025-11": 0.45, "2026-02": 0.39, "2026-05": 0.47,
EPS CAGR: -17.03%
EPS Trend: -96.5%
Last SUE: 0.24
Qual. Beats: 0
Revenue Revenue of CAG over the last years for every Quarter: 2021-08: 2653.3, 2021-11: 3058.9, 2022-02: 2913.7, 2022-05: 2910, 2022-08: 2904.3, 2022-11: 3312.9, 2023-02: 3086.5, 2023-05: 2973.3, 2023-08: 2904, 2023-11: 3208.1, 2024-02: 3032.9, 2024-05: 2905.9, 2024-08: 2794.9, 2024-11: 3195.1, 2025-02: 2841, 2025-05: 2781.8, 2025-08: 2632.6, 2025-11: 2979.1, 2026-02: 2787.8, 2026-05: 2882.1,
Rev. CAGR: -3.54%
Rev. Trend: -97.7%
Last SUE: 0.12
Qual. Beats: 0

Warnings

Interest Coverage Ratio Critical
Altman Z'' In Financial Distress Zone
Below Avwap Earnings
Below Sma 200d

Tailwinds

No distinct edge detected

Seasonality 11.7 years of data

Jan -1.4% 5
Feb -1.0% 8
Mar +4.8% 34
Apr +0.1% 7
May -2.0% 47
Jun -4.0% 37
Jul -0.3% 8
Aug -1.1% 2
Sep +0.4% 13
Oct +1.0% 14
Nov +1.4% 14
Dec +1.4% 27

How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.

Description: CAG Conagra Brands

Conagra Brands, Inc. is a U.S.-headquartered branded consumer packaged goods food company organized into four operating segments: Grocery & Snacks, Refrigerated & Frozen, International, and Foodservice. Its portfolio spans shelf-stable, refrigerated, and frozen product categories, marketed under well-known brands including Birds Eye, Duncan Hines, Healthy Choice, Marie Callenders, Reddi-wip, Slim Jim, and Angies BOOMCHICKAPOP. The company was incorporated in 1919 and is based in Chicago, Illinois.

As a member of the Consumer Staples sector and the Packaged Foods & Meats sub-industry, Conagra operates a multi-brand, multi-category business model that serves both retail and foodservice customers. Its diversified brand lineup across frozen meals, snacks, condiments, and grocery staples is characteristic of defensive packaged-food companies that rely on recurring consumer demand rather than discretionary spending.

Headlines to Watch Out For
  • Frozen meals margins pressured by commodity inflation
  • Snack brands volume declines on pricing elasticity
  • Foodservice revenue rebounds with restaurant traffic recovery
Piotroski VR-10 (Strict) 2.0
Net Income: -1.92b TTM > 0 and > 6% of Revenue
FCF/TA: 0.06 > 0.02 and ΔFCF/TA -0.56 > 1.0
NWC/Revenue: -2.71% < 20% (prev -10.73%; Δ 8.02% < -1%)
CFO/TA 0.08 > 3% & CFO 1.40b > Net Income -1.92b
Net Debt/EBITDA: error (EBITDA <= 0)
Current Ratio: 0.90 > 1.5 & < 3
Outstanding Shares: last quarter (479.0m) vs 12m ago 0.17% < -2%
Gross Margin: 23.92% > 18% (prev 25.86%; Δ -1.95% > 0.5%)
Asset Turnover: 59.05% > 50% (prev 55.47%; Δ 3.58% > 0%)
Interest Coverage Ratio: -4.26 > 6 (EBIT TTM -1.63b / Interest Expense TTM 382.6m)
Altman Z'' 0.71
A: -0.02 (Total Current Assets 2.88b - Total Current Liabilities 3.19b) / Total Assets 17.3b
B: 0.24 (Retained Earnings 4.17b / Total Assets 17.3b)
C: -0.09 (EBIT TTM -1.63b / Avg Total Assets 19.1b)
D: 0.58 (Book Value of Equity 6.36b / Total Liabilities 10.9b)
Altman-Z'' = 0.71 = B
Beneish M -3.13
DSRI: 0.88 (Receivables 658.2m/770.0m, Revenue 11.3b/11.6b)
GMI: 1.08 (GM 25.86% / 23.92%)
AQI: 0.93 (AQ_t 0.67 / AQ_t-1 0.72)
SGI: 0.97 (Revenue 11.3b / 11.6b)
TATA: -0.19 (NI -1.92b - CFO 1.40b) / TA 17.3b)
Beneish M = -3.13 (Cap -4..+1) = AA
What is the price of CAG shares?

As of September 30, 2026, the stock is trading at USD 14.13 with a total of 14,243,774 shares traded. Over the past week, the price has changed by -4.40%, over one month by -11.80%, over three months by +2.23% and over the past year by -15.48%.

Current recommended Stop Loss: 13.00 (which is 8% or 2.8 ATR below the current price).

Is CAG a buy, sell or hold?

Conagra Brands has received a consensus analysts rating of 3.16. Therefore, it is recommended to hold CAG.

  • StrongBuy: 0
  • Buy: 3
  • Hold: 16
  • Sell: 0
  • StrongSell: 0

What are the forecasts/targets for the CAG price?
Analysts Target Price 14.4 2%
Conagra Brands (CAG) - Fundamental Data Overview as of 26 September 2026
Market Cap USD = 7.02b (7.02b USD * 1.0 USD.USD)
P/E Forward = 10.6157
P/S = 0.6223
P/B = 1.1463
P/EG = 12.0743
Revenue TTM = 11.3b USD
EBIT TTM = -1.63b USD
EBITDA TTM = -1.23b USD
Long Term Debt = 6.46b USD (from longTermDebt, last quarter)
Short Term Debt = 812.4m USD (from shortTermDebt, last quarter)
Debt = 7.44b USD (from shortLongTermDebtTotal, last quarter) + Leases 172.2m
Net Debt = 7.22b USD (calculated: Debt 7.44b - CCE 218.0m)
Enterprise Value = 14.2b USD (7.02b + Debt 7.44b - CCE 218.0m)
Interest Coverage Ratio = -4.26 (Ebit TTM -1.63b / Interest Expense TTM 382.6m)
EV/FCF = 14.55x (Enterprise Value 14.2b / FCF TTM 978.7m)
FCF Yield = 6.87% (FCF TTM 978.7m / Enterprise Value 14.2b)
FCF Margin = 8.68% (FCF TTM 978.7m / Revenue TTM 11.3b)
Net Margin = -16.99% (Net Income TTM -1.92b / Revenue TTM 11.3b)
Gross Margin = 23.92% ((Revenue TTM 11.3b - Cost of Revenue TTM 8.58b) / Revenue TTM)
Gross Margin QoQ = 24.35% (prev 23.59%)
Tobins Q-Ratio = 0.82 (Enterprise Value 14.2b / Total Assets 17.3b)
Interest Expense / Debt = 5.14% (Interest Expense 382.6m / Debt 7.44b)
Taxrate = 21.0% (US federal default 21%)
NOPAT = -1.29b (EBIT -1.63b * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 0.90 (Total Current Assets 2.88b / Total Current Liabilities 3.19b)
Debt / Equity = 1.17 (Debt 7.44b / totalStockholderEquity, last quarter 6.36b)
 Debt / EBITDA = -5.86 (negative EBITDA) (Net Debt 7.22b / EBITDA -1.23b)
 Debt / FCF = 7.38 (Net Debt 7.22b / FCF TTM 978.7m)
Total Stockholder Equity = 7.88b (last 4 quarters mean from totalStockholderEquity)
RoA = -10.03% (Net Income -1.92b / Total Assets 17.3b)
RoE = -24.31% (Net Income TTM -1.92b / Total Stockholder Equity 7.88b)
RoCE = -11.36% (EBIT -1.63b / Capital Employed (Equity 7.88b + L.T.Debt 6.46b))
 RoIC = -8.76% (negative operating profit) (NOPAT -1.29b / Invested Capital 14.7b)
 WACC = 4.45% (E(7.02b)/V(14.5b) * Re(4.86%) + D(7.44b)/V(14.5b) * Rd(5.14%) * (1-Tc(0.21)))
Discount Rate = 4.86% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -47.24 | Cagr: -0.09%
[DCF] Terminal Value 73.10% ; FCFF base≈1.11b ; Y1≈971.9m ; Y5≈785.2m
[DCF] Fair Price = 11.24 (EV 12.6b - Net Debt 7.22b = Equity 5.38b / Shares 478.6m; r=8.35% [WACC [floored]]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: -96.50 | EPS CAGR: -17.03% | SUE: 0.24 | # QB: 0
Revenue Correlation: -97.73 | Revenue CAGR: -3.54% | SUE: 0.12 | # QB: 0
EPS current Quarter (2026-08-31): EPS=0.28 | Chg30d=-0.11% | Revisions=-77% | Analysts=12
EPS next Quarter (2026-11-30): EPS=0.41 | Chg30d=-0.64% | Revisions=-15% | Analysts=12
EPS current Year (2027-05-31): EPS=1.44 | Chg30d=-0.25% | Revisions=-69% | GrowthEPS=-16.2% | GrowthRev=-3.9%
EPS next Year (2028-05-31): EPS=1.56 | Chg30d=+0.30% | Revisions=-36% | GrowthEPS=+7.9% | GrowthRev=+0.3%
[Analyst] Revisions Ratio: -61% (up=7, down=34)