CONAGRA BRANDS Receives ‘Hold’ Rating from Brokerages

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CONAGRA BRANDS ($NYSE:CAG) is a leading packaged food company with a portfolio of iconic brands that people have grown to love. It is a U.S.-based multinational corporation that operates in the food and beverage industry. Its products are sold in supermarkets, convenience stores, restaurants and other retail outlets. CONAGRA BRANDS has recently been given an average rating of “Hold” by brokerages. The company also reported strong performance from its core brands, such as Marie Callender’s, Healthy Choice and Banquet. The “Hold” rating on CONAGRA BRANDS stock reflects the fact that the company is facing a challenging environment due to increased competition, changing consumer tastes and rising input costs.

In addition, the company is also dealing with some operational issues such as supply chain disruptions and higher-than-expected costs associated with new product launches. Despite these challenges, analysts believe that the company has the potential to post solid earnings growth over the long term. In conclusion, CONAGRA BRANDS has been given an average rating of “Hold” by brokerages due to the current economic conditions and operational challenges it is facing. Despite these issues, analysts are optimistic about the company’s long-term outlook and believe it has the potential to post strong earnings growth in the future.

Market Price

Brokerages have recently given CONAGRA BRANDS a ‘Hold’ rating, though media exposure has been mostly positive. On Monday, CONAGRA BRANDS stock opened at $38.0 and closed at $38.1, indicating a slight increase of 0.3% from the previous closing price of 38.0. The rating is based on an average of ratings from seven analysts who cover the stock. The ‘Hold’ rating is a sign of mixed sentiment in the market. Some analysts are bullish on the stock and see potential for growth, while others are more hesitant and think it might be wise to wait and see how the company performs before investing.

Overall, the ‘Hold’ rating from brokerages is a sign of caution for potential investors, but it is also important to take into consideration other factors such as the company’s financials and outlook when making an investment decision. CONAGRA BRANDS continues to face headwinds in the form of increased competition and rising costs, but its strong brand recognition and wide product portfolio have enabled it to remain a market leader in many of its categories. With its positive media exposure and a steady increase in its stock price, CONAGRA BRANDS is well-positioned to take advantage of any potential opportunities in the future. Live Quote…

About the Company

Key Ratios Snapshot

Some of the financial key ratios for Conagra Brands are shown below. More…

VI Analysis

Investing in a company’s stock is an important decision and it is important to understand the company’s fundamentals before investing. Fortunately, the VI App has made it easier for investors to assess the long-term potential of a company like Conagra Brands. According to its VI Risk Rating, Conagra Brands is a medium-risk investment in terms of financial and business aspects. The VI App has identified potential risks in the company’s income statement and balance sheet. Investors can easily register on the app to view the details of these risks. The app also provides investors with a comprehensive overview of the company’s financial performance, including key metrics such as revenue, operating income, net income, and debt-to-equity ratio. In addition to financials, the app also evaluates the company’s competitive landscape, providing insights into its competitive advantages and weaknesses. It also offers investors an in-depth analysis of the company’s management team, including their experience and track record. The app also provides investors with up-to-date news and analysis on the company’s stock performance and industry trends. This can help them make more informed decisions when investing in Conagra Brands. With all this information at their fingertips, investors can make better decisions about whether to invest in Conagra Brands and how to manage their investments over time. More…

VI Peers

The company’s products are sold in more than 100 countries and are marketed under well-known brands such as Healthy Choice, Hunt’s, Slim Jim, Snack Pack, and Vlasic. Conagra’s competitors include JM Smucker Co, General Mills Inc, and McCormick & Co Inc.

– JM Smucker Co ($NYSE:SJM)

The J. M. Smucker Company has a market capitalization of $15.57 billion as of 2022 and a return on equity of 7.19%. The company manufactures and markets branded food and beverage products, including coffee, peanut butter, shortening and oils, frozen snacks, fruits and vegetable snacks, and health and wellness products.

– General Mills Inc ($NYSE:GIS)

General Mills Inc is a food company that manufactures and sells branded consumer foods worldwide. The company has a market cap of 48.09B as of 2022 and a Return on Equity of 20.18%. The company’s products include cereals, snacks, yogurt, baking mixes, and more.

– McCormick & Co Inc ($NYSE:MKC)

McCormick & Co Inc is a food company that manufactures, markets, and distributes spices, seasoning mixes, condiments, and other flavoring products. The company has a market cap of 22.46B as of 2022 and a return on equity of 13.21%. The company’s products are sold in over 180 countries and territories.

Summary

Investing in CONAGRA BRANDS can be a great opportunity for investors looking to diversify their portfolios. The company is a leading manufacturer and distributor of food products, with a long history of providing high-quality, affordable products to consumers. CONAGRA BRANDS has a well-established presence in the food industry, with a diverse portfolio of recognizable brands such as Hunt’s, Chef Boyardee, Marie Callender’s, and Healthy Choice. The company has recently received a ‘Hold’ rating from brokerages, which suggests that the stock may be a good value for investors.

In addition, CONAGRA BRANDS has a strong financial track record and has consistently delivered strong returns on equity. This indicates that the company is well-positioned to continue to return value to shareholders. Furthermore, CONAGRA BRANDS has a strong focus on innovation and product development. The company has recently launched several new products, including a new line of gluten-free meals and snacks. This indicates that the company is committed to meeting the needs of its customers and staying ahead of the competition. The food industry is highly competitive and constantly changing. CONAGRA BRANDS is well-positioned to remain competitive and thrive in this environment. The company has a strong brand presence and an established customer base. Furthermore, the company’s commitment to innovation and product development will likely ensure that its products remain relevant in a rapidly changing market. Overall, investing in CONAGRA BRANDS can be a good option for investors looking to diversify their portfolios. The company has a strong financial track record, a well-established presence in the food industry, and a commitment to innovation and product development. These factors make CONAGRA BRANDS a solid investment opportunity for those looking for long-term returns.