Conagra Brands, Inc. (CAG) AI Stock Analysis

Conagra Brands, Inc., headquartered in Chicago, Illinois, is a consumer packaged goods company operating across four segments: Grocery & Snacks, Refrigerated & Frozen, International, and Foodservice. The Grocery & Snacks segment distributes shelf-stable food across retail outlets in the United States. Refrigerated & Frozen provides temperature-controlled retail food options. Conagra's International segment serves retail and foodservice channels abroad, while the Foodservice segment delivers branded and custom food solutions to restaurants and commercial establishments across the United States. Its brand portfolio includes Birds Eye, Duncan Hines, Healthy Choice, and Marie Callender's.

Over the past five fiscal years, revenue grew at an annualized rate of 0.2%. Conagra reached $12.28B in revenue in FY2023 before declining to $12.05B in FY2024, $11.61B in FY2025, and $11.28B in FY2026. Revenue fell 2.9% in FY2026, and operating margin declined to -14.4% alongside net income of -$1.92B. For the trailing twelve months, revenue was $11.24B with an operating margin of 11.6% and net margin of -17.0%. In the latest quarter ending August 31, 2026, quarterly revenue fell 1.4% year-over-year, while quarterly earnings grew 5.9%.

As of August 31, 2026, Conagra held $371.6M in cash and short-term investments compared to $7.76B in total debt, resulting in net debt of $7.39B. Shareholders' equity stood at $6.40B, yielding a debt-to-equity ratio of 1.21 and a current ratio of 1.10. In FY2026, the business produced $1.40B in operating cash flow and $978.7M in free cash flow. Cash outlays during FY2026 included $423.4M for capital expenditures, $669.7M for dividend payments, and $15.3M toward share buybacks.

At $14.47 per share, Conagra has a market capitalization of $6.91B and an enterprise value of $14.15B. The stock trades at a forward P/E of 10.6x and a price-to-sales ratio of 0.6x, below the median of its US-listed Consumer Defensive peers at 14.3x and 0.7x, respectively. Its EV-to-EBITDA stands at 15.0x, above the peer median of 11.7x. Over the past year, CAG fell 14.5% while the S&P 500 rose 16.8%, and over five years the stock fell 43.8% versus an 83.0% gain for the index.

Conagra pays a quarterly dividend with an annualized forward payout of $0.70 per share, delivering a dividend yield of 4.84%. The company has paid dividends for 42 consecutive years, supported by a 5-year annualized dividend growth rate of 8.9%. Its payout ratio is 61.1%, and its last ex-dividend date was November 5, 2026.

Wall Street coverage consists of 0 Strong Buy, 1 Buy, 10 Hold, 2 Sell, and 3 Strong Sell recommendations. The consensus mean price target of $13.74 sits 5.0% below the last close of $14.47. For the current fiscal year ending May 31, 2027, analysts estimate EPS of $1.46 on revenue of $10.83B. Conagra beat EPS estimates in 3 of the last 4 quarters.

This page is an AI-written research summary of Conagra Brands, Inc. (CAG). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: CAG income statement, CAG balance sheet, CAG key metrics, CAG analyst forecast, CAG chart. See the CAG stock overview for the latest quote and news.