Feed / CAG

Conagra Brands, Inc.

CAG

Consumer Defensive · 14.61 -0.7% today

Partial group confirmationMarket checked 11 Sept, 15:55 GMT-4

Market read

Conagra Brands, Inc.'s move is being confirmed by its market group.

CAG accounts for 5.5% of the group's measured movement across 9.6 effective names. raw member direction is mixed; 7 of 12 SPY-adjusted paths align to the downside. Capital-flow agreement is 4%, so confirmation is not yet clean. No verified headline preceded the measured group move.

MOVE ANATOMY

Is this move genuinely shared?

SPY-adjusted 5m paths
Role in the moveAligned contributor#9 of 12 by movement share
Group movement share5.5%Absolute path energy—not portfolio weight
Relative path-0.47%aligned
Effective breadth9.6 / 12broad
Relative alignment7/12downside path · 5 counter-moving
Capital-flow agreement4%not yet clean
SEQUENCE READ

DTE, DOC moved materially before CAG. CAG crossed its material path threshold at 10:00 ET. CNP, CL, CPB followed.

EVIDENCE COVERAGE

9 of 35 members in Packaged Foods & Beverages are active. 0 of 4 disclosed connections are confirming.

What would change this read
  • At least 23 of 35 durable members become active together.
  • Capital-flow agreement rises above 55%.
  • A filing-linked outsider such as HELE begins moving with the group.

Invalidation: The live read weakens if participation falls to 12 of 35 members or fewer.

Watch this read

Research brief

The story so far

Consumer Defensive · Packaged Foods

CAG accounts for 5.5% of the group's measured movement across 9.6 effective names. raw member direction is mixed; 7 of 12 SPY-adjusted paths align to the downside. Capital-flow agreement is 4%, so confirmation is not yet clean. No verified headline preceded the measured group move.

Evidence that supports

No thresholded supportive filing evidence is available yet.

Evidence that challenges

No thresholded adverse filing evidence is available yet.

What would clarify the read
  • At least 23 of 35 durable members become active together.
  • Capital-flow agreement rises above 55%.
  • A filing-linked outsider such as HELE begins moving with the group.

Company research

Understand the business, not just the ticker

As of Sep 12, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods9
Price observations602
Usable filing statements151
Verified relationships4
Evidence supporting the case
  • Supply chain and availability has repeated favorable evidence across 5 filings.
  • Material customer WMT most recently reported revenue +6.9% year over year.
  • Material customer WMT most recently reported revenue +7.1% year over year.
Evidence challenging the case
  • Latest annual revenue changed -2.9% year over year.
  • Operating margin changed -26.2 percentage points in the latest annual period.
  • Net margin changed -26.9 percentage points in the latest annual period.
  • Foreign exchange has repeated adverse evidence across 5 filings.
  • Input and raw-material costs has repeated adverse evidence across 5 filings.
  • Macroeconomic conditions has repeated adverse evidence across 5 filings.
Questions before a position

No credible peer-relative valuation comparison is available yet.

Longer-term price context

Price as of Sep 11, 2026

14.61
6m-9.7%12m-24.6%24m-55.4%
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2022-05-29$11.5B+3.1%$1.84-1.1%
2023-05-28$12.3B+6.4%$1.42-0.3%
2024-05-26$12.1B-1.8%$0.72-0.1%
2025-05-25$11.6B-3.6%$2.40-0.1%
2026-05-31$11.3B-2.9%$-4.00-0.1%

What management says matters

Persistent and emerging business drivers

Capital investment and capacitymixed · 5 filings
“Investing activities in fiscal 2025 consisted primarily of capital expenditures totaling $389.3 million and the purchases of an existing contract manufacturer and Sweetwood Smoke & Co.”
10-K · Jul 15, 2026 ↗
Foreign exchangemixed · 5 filings
“Cash Flows In fiscal 2026, we generated $150.0 million of cash, which was the net result of $1.40 billion generated from operating activities, $262.6 million generated from investing activities, $1.52 billion used in financing activities, and an increase of $…”
10-K · Jul 15, 2026 ↗
Input and raw-material costsnegative · 5 filings
“The decrease was driven by the impacts of lower organic net sales, input cost inflation, unfavorable operating leverage, and a reduction in profit associated with the sale of our frozen fish business, partially offset by the inclusion of the 53 rd week of our…”
10-K · Jul 15, 2026 ↗
Macroeconomic conditionsnegative · 5 filings
“Historically, we have experienced material impairments in brand intangibles and goodwill as a result of declining sales, reductions to our assumed royalty rates due to lower-than-expected profit margins, and other economic conditions such as increases to inte…”
10-K · Jul 15, 2026 ↗

Valuation discipline

Descriptive valuation snapshot

Price/sales 0.6× · EV/sales 1.2×. Comparisons use only industry-matched filing peers.

Scenario scaffold

Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.

Price action

How the market is pricing the story

14.61-0.7% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.

Developments

No sourced recent-development timeline yet

Jodie has not returned a relevant primary source or news item for CAG. This is an evidence-coverage gap, not a conclusion that nothing material happened.

Business and financial condition

Reported financial figures are not available yet

Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.

Filing analysis

No comparable filing assessment is available yet

Jodie has not yet found a suitable current-versus-prior filing comparison for CAG. This does not mean the latest filing was neutral or immaterial.

Business ecosystem

The relationships behind CAG

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Depends on

WMT29.0% of CAGcustomerJul 10, 2025 ▾

“Our largest customer, Walmart, Inc.”

PKGPackaging Corporation of AmericasupplierJul 10, 2025 ▾

“Raw Materials and Packaging We use many different raw materials, most of which are commodities, to make and package our products.”

Depended on by

BYNDBeyond Meat, Inc.competitorApr 9, 2026 ▾

“We believe that we compete with both conventional animal-protein companies, such as Cargill, Hormel Foods, JBS, Perdue Foods and Tyson Foods, and also plant-based meat brands, including brands affiliated with conventional animal-protein companies and other la…”

Filing peers

MZTIKHCMDLZ

Companies whose filings use similar operating language.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks 4 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

CAG is currently a Participant in the organic co-movement group Packaged Foods & Beverages. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.

Context history

Theme membership history

No durable theme membership has been observed for this name yet.