ConAgra Brands CAG has had a turbulent period, with various asset management firms altering their holdings. QSM Asset Management Ltd and Robeco Institutional Asset Management B.V. increased their stakes while others like Envestnet Portfolio Solutions Inc. and Handelsbanken Fonder AB reduced theirs. CAG has made noteworthy progress in its move towards cleaner labels, pledging to go 100% artificial color-free and to achieve a multi-year modernization milestone by the end of 2025. CAG's valuation disconnect supposedly makes it a strong buy though it's faced a downgrade and slipping volumes. It was also critiqued for its weak response to market volatility. CAG has also taken steps to modernize its product portfolio and venture into new frozen products. Yet, its price target was cut due to sluggish growth expectations. The company sold its seafood brand for $55M and its Chef Boyardeeยฎ brand, demonstrating its strategic shifts. Additionally, CAG introduced more than 50 new frozen foods, a significant innovation. However, the company received criticism for taking on debt. Meanwhile, the brand anticipates finishing the removal of FD&C colors from its frozen products by year-end. Bank of America sadly downgraded CAG's stock amidst economic challenges.
Conagra Brands CAG News Analytics from Tue, 24 Dec 2024 08:00:00 GMT to Sat, 28 Jun 2025 10:00:49 GMT -
Rating -6
- Innovation 1
- Information 6
- Rumor -4
