Conagra Brands
Markets Birds Eye vegetables, Healthy Choice meals, Slim Jim snacks, and Duncan Hines baking products.
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Profile
Sells branded frozen, refrigerated, and shelf-stable foods through U.S. retail, with smaller international and foodservice operations. A portfolio spanning Birds Eye, Healthy Choice, Slim Jim, Duncan Hines, and Reddi-wip uses shared manufacturing assets and depends heavily on large retailers.
Markets branded shelf-stable, refrigerated, and frozen foods through U.S. retail, while smaller International and Foodservice units sell packaged foods and customized meals, entrées, sauces, and other culinary products. Core brands span Birds Eye vegetables, Healthy Choice and Marie Callender’s meals, Slim Jim meat snacks, Duncan Hines baking products, Reddi-wip toppings, and Angie’s BOOMCHICKAPOP popcorn.
Uses product innovation and brand investment to support frozen meals and meat snacks, while modernizing a manufacturing network shared across segments. A minority stake in flour miller Ardent Mills adds equity-method earnings outside the operating segments. Operations are concentrated in the United States; agricultural inputs, freight, retailer relationships, and consumer response to pricing shape results. Walmart accounts for nearly one-third of sales.
Company facts
Categories
Key statistics
Year to date −7.0% · Average volume (30d) 11.6M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Jul 16, 2026 | UBS | Reiterate | Neutral | $13 | $14 | |
| Jul 16, 2026 | RBC Capital | Reiterate | Sector Perform | $16 | $14 | |
| Jul 8, 2026 | Barclays | Reiterate | Overweight | $34 | $16 | |
| Jun 25, 2026 | RBC Capital | Reiterate | Sector Perform | $20 | $16 | |
| Jun 18, 2026 | Deutsche Bank | Reiterate | Hold | $18 | $12 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 15, 2026Q4 FY26 | $0.46 | $0.47 | +2.2% | $2.89B | $2.88B | −0.2% | +2.70% |
| Apr 1, 2026Q3 FY26 | $0.40 | $0.39 | −2.5% | $2.76B | $2.79B | +0.9% | +1.29% |
| Dec 19, 2025Q2 FY26 | $0.44 | $0.45 | +3.2% | $2.98B | $2.98B | 0.0% | −0.52% |
| Oct 1, 2025Q1 FY26 | $0.33 | $0.39 | +16.8% | $2.62B | $2.63B | +0.5% | −0.62% |
Financial highlights
| 12 quarters | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $2.84B | $2.78B | $2.63B | $2.98B | $2.79B | $2.88B | |
| Gross profit | $710.3M | $707.2M | $640.6M | $698.4M | $657.7M | $701.7M | |
| Operating income | $266.6M | $374.2M | $347.4M | $371.3M | $280.1M | −$2.63B | |
| Net income | $145.1M | $256.0M | $164.5M | −$663.6M | $199.8M | −$1.62B | |
| Diluted EPS | $0.30 | $0.53 | $0.34 | −$1.39 | $0.42 | −$3.37 | |
| Gross margin | 25.0% | 25.4% | 24.3% | 23.4% | 23.6% | 24.3% | |
| Operating margin | 9.4% | 13.5% | 13.2% | 12.5% | 10.0% | -91.2% |
Fiscal years (4-quarter sums)FY22 $11.54B · FY23 $12.28B · FY24 $12.05B · FY25 $11.61B · FY26 $11.28B
Revenue by product · Q4 FY26
Revenue by geography · Q4 FY26
Balance sheet, May 31, 2026Cash & short-term investments $218.0M · Total debt $7.27B · Total assets $17.27B · Shareholders' equity $6.36B
Dividends
Raised for 19 straight years. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jul 30, 2026 | Jul 30 | Sep 2 | $0.175 | cut from $0.35 |
| Apr 30, 2026 | Apr 30 | Jun 3 | $0.35 | |
| Jan 27, 2026 | Jan 27 | Feb 26 | $0.35 | |
| Oct 30, 2025 | Oct 30 | Nov 26 | $0.35 | |
| Jul 30, 2025 | Jul 30 | Aug 28 | $0.35 | |
| Apr 28, 2025 | Apr 28 | May 29 | $0.35 | |
| Jan 27, 2025 | Jan 27 | Feb 27 | $0.35 | |
| Oct 31, 2024 | Oct 31 | Nov 27 | $0.35 |
Ownership
Shares outstanding 478.57M · Float 474.98M · 99.3% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 79.59M | 16.63% | 13F | Aug 7, 2026 |
| Vanguard Portfolio Management LLC | 29.21M | 6.10% | 13F | Aug 13, 2026 |
| Vanguard Capital Management LLC | 21.56M | 4.51% | 13F | Aug 13, 2026 |
| AQR Capital Management LLC | 20.50M | 4.28% | 13F | Aug 14, 2026 |
| State Street Corp | 16.54M | 3.46% | 13F | Aug 7, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jul 17, 2026 | John P. Brase | director, officer: President and CEO | +35,000 | $14.59 |
| Apr 14, 2026 | Richard H. Lenny | director | +25,000 | $14.34 |
| Apr 14, 2026 | John J. Mulligan | director | +17,500 | $14.31 |
| Nov 4, 2025 | Melissa C. Napier | officer: SVP, Corporate Controller | −13,011 | $17.19 |
| Oct 7, 2025 | Thomas K. Brown | director | +10,000 | $18.72 |
Peers
- General Mills
Head-to-head in baking mixes, snacks, and shelf-stable ethnic foods.
- Kraft Heinz
Hunt's vs Heinz is packaged food's most iconic condiment rivalry.
- Campbell's
Snyder's, Goldfish snacks, and Prego pasta sauce compete head-to-head.
- Hormel Foods
Deep rivalry in meat snacks, canned meals, and plant-based protein categories.
- Tyson Foods
Large-scale frozen and refrigerated rival (Jimmy Dean, Hillshire Farm brands).
- J.M. Smucker
Hostess (Twinkies, Donettes) fills the same convenience-channel snack aisle.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Conagra Brands | $16.05 | −0.22% | $7.70B | — | 10.7 | 0.7 | +3.6% |
| General Mills | $41.13 | −1.02% | $22.18B | — | 13.7 | 1.2 | +1.2% |
| Kraft Heinz | $25.72 | +0.13% | $30.47B | — | 12.9 | 1.2 | −1.4% |
| Campbell's | $23.49 | +0.43% | $6.98B | 11.5 | 12.5 | 0.7 | −4.4% |
| Hormel Foods | $21.55 | −0.07% | $11.86B | 34.2 | 13.8 | 1.0 | −2.4% |
| Tyson Foods | $55.46 | +0.09% | $19.64B | 34.0 | 12.6 | 0.4 | −0.1% |
| J.M. Smucker | $132.34 | −0.00% | $14.14B | 61.8 | 13.0 | 1.5 | +5.0% |
| Median | 34.1 | 12.9 | 1.1 | −0.8% |