Conagra Brands (CAG) have made several significant strategic moves in recent times, including divesting of select brands. They sold their Van de Kamp's and Mrs. Paul's frozen seafood brands, along with the Chef Boyardee brand, totalling more than $650M in divestments. Despite some brokerages designating Conagra stocks as 'hold', investors including Wealth Enhancement Advisory Services and Rhumbline Advisers have increased their position in CAG stock. However, some like Summit Global Investments and Meyer Handelman Co. have decreased their positions. Conagra's finances have seen some setbacks, with supply-chain issues resulting in a dip in their profits and subsequent share price drop. In addition, they had to trim their 2025 profit forecast due to further supply constraints. Nevertheless, Conagra remains adaptive and focused on growth, unveiling a revised 2025 outlook. Additionally, reports have suggested encouraging returns on capital for the company. They have also strengthened their sustainability initiatives, partnering with Bloom Energy to use fuel cell technology. However, a cautious sentiment prevails among experts, with several analysts reducing Conagra's price target, resulting in a lowered outlook.
Conagra Brands CAG News Analytics from Thu, 12 Dec 2024 08:00:00 GMT to Sat, 07 Jun 2025 08:03:36 GMT -
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