Vontobel Holding Ltd. Exits Conagra Brands, Divesting 5571 Shares.
February 6, 2023
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Conagra Brands ($NYSE:CAG), Inc. is a leading packaged food company that operates in the United States and Canada. It produces, markets and distributes a variety of food products across grocery, convenience, foodservice, and institutional channels. The company has a diverse portfolio of iconic brands such as Healthy Choice, Marie Callender’s, Slim Jim, Udi’s gluten-free, Reddi-wip, and many more. Recently, Vontobel Holding Ltd.has sold off 5571 shares of Conagra Brands, Inc. This move marks a significant decrease in the company’s ownership stake in Conagra Brands. Vontobel Holding Ltd. has been a long-time investor in Conagra Brands, but due to changing market conditions, it has decided to take a step back.
Despite this divestment, Conagra Brands remains a strong and growing food company. It continues to expand its presence in the retail and foodservice markets with innovative products and strategic acquisitions. The company is also investing heavily in its digital presence to reach new customers and increase its reach to a wider audience. With an impressive portfolio of iconic brands and a commitment to innovation and growth, Conagra Brands is well-positioned to remain a leader in the packaged food industry for years to come.
Market Price
On Monday, Vontobel Holding Ltd. announced that it had sold 5571 shares of Conagra Brands, which is one of the largest packaged food companies in the United States. The sale of shares comes at a time when the company is receiving mostly positive media exposure. Conagra Brands stock opened at $36.6 and closed at $37.0, up by 1.4% from previous closing price of 36.5. This comes as welcome news for Conagra Brands shareholders, as the company’s stock has been steadily increasing over the past few weeks. Conagra Brands has also recently introduced a range of innovative products such as plant-based proteins, organic snacks and gluten-free products. The company’s commitment to innovation and sustainability has earned it the admiration of its customers and investors alike.
The company’s strong financials and positive outlook have also made it an attractive investment for many investors. In fact, the company’s stock has seen significant growth over the past year, making it a great investment for those looking to make a long-term commitment to the company. Overall, Vontobel Holding Ltd.’s decision to divest its shares in Conagra Brands is a great sign of confidence in the company’s future prospects. The recent surge in the company’s stock price is a testament to the strength of its current position and the potential for further growth in the future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Conagra Brands. More…
| Total Revenues | Net Income | Net Margin |
| 12.04k | 681.7 | 5.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Conagra Brands. More…
| Operations | Investing | Financing |
| 1.21k | -372.6 | -871.7 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Conagra Brands. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 22.41k | 13.68k | 18.18 |
Key Ratios Snapshot
Some of the financial key ratios for Conagra Brands are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 4.6% | -8.2% | 9.6% |
| FCF Margin | ROE | ROA |
| 6.8% | 8.4% | 3.2% |
VI Analysis
VI App is a powerful tool for analyzing the fundamentals of a company. With its easy-to-use interface, it allows investors to take a closer look at a company’s long-term potential. In the case of CONAGRA BRANDS, VI App gives a medium risk rating based on the company’s financial and business aspects. This rating is based on an analysis of the company’s income sheet and balance sheet. VI App also detects any warnings or risks associated with the company, such as changes in income or debt. By registering with us, investors can access this information and make a more informed decision about their investment in CONAGRA BRANDS.
The app can also be used as a reference when researching other companies. Overall, VI App is a great tool for researching the fundamentals of a company and assessing its long-term potential. With its comprehensive analysis and warnings, it helps investors make informed decisions about their investments. By registering with us, investors can gain access to even more information about CONAGRA BRANDS and make a more informed decision about their investments.
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
Vontobel Holding Ltd. recently announced their decision to divest their 5571 shares of Conagra Brands. This comes after a period of positive media exposure surrounding the company. From an investment analysis standpoint, Conagra Brands has a strong track record of providing quality products and services to customers, and offers a variety of options for investors. It has a strong balance sheet and an increasing level of profitability. The company has also been increasing its market presence through acquisitions and product launches.
Additionally, Conagra Brands has been actively investing in technology and innovation to remain competitive in the marketplace. With all these factors in mind, Conagra Brands is an attractive option for investors looking for long-term growth.
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