Conagra Brands, despite weak financial prospects and underperforming the market, remains a top value stock for the long-term. Although the company's stock has lagged the market, financial pros are increasing their stakes. Benjamin F. Edwards & Company Inc., National Bank of Canada FI, and Victory Capital Management Inc. have all increased their shares.
Conagra recently reported second and first quarter results, and the consensus is that performance was mixed amidst strategic investments and cost savings. Still, the report hints at an uptrend, and the company is believed to maximize value through spin-offs. Vlasic Pickles, one of
Conagra's brands, launched playful pickleball collaborations, pulling up the creative aspect of the company.
Conagra also entered an exclusive licensing partnership with Dolly Parton and unveiled new natural products. Nonetheless, investors have lost 19% over the last year, indicating a decline in the stock's wellbeing. However, some expect Conagra's earnings to grow, despite admitting that both sales and profit for Q3 2024 will likely report lower. Finally, Conagra announced a quarterly dividend payment, and an executive leadership restructuring was also disclosed.
Conagra Brands CAG News Analytics from Thu, 13 Jul 2023 07:00:00 GMT to Sun, 12 May 2024 20:37:18 GMT -
Rating 2
- Innovation 6
- Information 8
- Rumor -4
