ConAgra Brands, Inc. (CAG) Stock Price & How to Invest
Short answer
Conagra Brands (CAG) is a large US packaged-food company that owns frozen and snack brands like Healthy Choice, Marie Callender's, Banquet, Slim Jim and Birds Eye. Investors typically hold it as a slower-growth consumer-staples name known for a high dividend yield, though softening sales and payout sustainability are the central debates.
CAG stock price
As of 2026-07-08, ConAgra Brands, Inc. (CAG) last closed at $13.77, down 32.4% over the past year. Over the past 52 weeks it has traded between $12.58 and $20.38.
Prices are daily closing prices from Yahoo Finance and may be delayed. For the live quote, check your broker or ConAgra Brands, Inc.'s investor relations page. Walnut is informational, not investment advice.
What does ConAgra Brands, Inc. (CAG) do?
Conagra Brands is one of the largest packaged-food companies in North America, with a portfolio spanning frozen meals (Healthy Choice, Marie Callender's, Banquet, Birds Eye), snacks (Slim Jim, Angie's Boomchickapop, Duke's) and grocery staples (Hunt's, Chef Boyardee, Reddi-wip, Orville Redenbacher's). The company sells primarily through US grocery, mass and club retailers, and it has leaned its strategy toward higher-growth frozen and snacking categories while managing legacy shelf-stable brands.
The investment picture is that of a mature consumer-staples business facing sluggish demand. Fiscal 2025 net sales declined versus the prior year, and fiscal 2026 guidance points to roughly flat organic sales and lower adjusted earnings, pressured by input-cost inflation and promotional spending. The offsetting draw is a stock trading at a modest valuation with a dividend yield that has climbed into the high single digits to low double digits, which has raised questions about whether that payout is sustainable at current free cash flow.
What's driving ConAgra Brands, Inc. (CAG)?
1. Frozen and snacks as the growth engine
Conagra has concentrated investment in frozen meals and snacking, categories where it holds strong brands and better volume trends. In its third quarter of fiscal 2026 the company reported around 2.4 percent organic net sales growth, with frozen and snacks cited as the standout areas. Continued share gains here are central to stabilizing the overall top line.
2. Margin recovery and cost management
Adjusted operating margin has compressed as inflation and trade spending weighed on results, with fiscal 2026 guidance in the roughly 11.0 to 11.5 percent range. Management's ability to offset commodity and packaging costs through pricing and productivity programs is a key swing factor for earnings.
3. New leadership and strategy reset
John Brase, a former J.M. Smucker president and COO and a longtime Procter and Gamble executive, became CEO on June 1, 2026, succeeding Sean Connolly. A leadership change often brings a fresh look at the brand portfolio, capital allocation and the dividend, making the strategy under new management an important variable to watch.
4. Dividend and balance-sheet debt
CAG pays an annual dividend near $1.40 per share, which at a depressed share price translates into a yield well above typical staples peers. High net debt and a payout ratio that consumes most free cash flow have led some analysts to question whether the dividend can be maintained at its current level.
What are the risks to ConAgra Brands, Inc. (CAG)?
The biggest risk is prolonged volume softness in packaged food as consumers trade down to private label or shift spending, which would keep pressure on sales and margins. The elevated dividend yield reflects market skepticism, and a reduction in the payout would be a meaningful catalyst for existing income-focused shareholders. High leverage limits flexibility if earnings weaken further, and input-cost inflation, retailer promotional demands and any brand missteps could all weigh on results. Execution under a new CEO adds uncertainty until a clear strategy is demonstrated.
How is ConAgra Brands, Inc. (CAG) valued? (approximate, JULY 2026)
A simple financial snapshot. These are approximations and refresh quarterly; for current figures see ConAgra Brands, Inc.'s investor relations page or your broker.
- Revenue (FY2025): ~$11.6B
- Adjusted EPS (FY2025): ~$2.30
- Adjusted EPS guidance (FY2026): ~$1.70 to $1.85
- Dividend (annual): ~$1.40 per share
- Dividend yield: ~9% to 10%
- Market cap: ~$6B to $7B
Conagra trades at a low earnings multiple relative to its history, reflecting weak sales growth and concern over the sustainability of its dividend. Fiscal 2025 net sales declined year over year and fiscal 2026 guidance points to roughly flat organic sales with lower adjusted EPS. The unusually high yield is the market's way of pricing in the risk that the payout may need to be reset.
Who competes with ConAgra Brands, Inc. (CAG)?
Large packaged-food peers
General Mills, Kraft Heinz, Campbell's, Kellanova and J.M. Smucker compete across frozen, snacking and shelf-stable grocery, and all face similar volume and pricing pressures in the US packaged-food market.
Frozen and snacking specialists
In frozen meals and vegetables Conagra competes with Nestle (Stouffer's, Lean Cuisine) and store brands, while in snacks it faces PepsiCo's Frito-Lay, Mondelez and Hershey for shelf space and consumer attention.
Private label
Retailer store brands are a growing competitive threat across nearly every Conagra category, as budget-conscious shoppers trade down from branded products to cheaper private-label alternatives.
How to invest in ConAgra Brands, Inc. (CAG)
There are three common ways to get CAG exposure. Buy shares (or fractional shares) directly at any major broker. Hold an ETF that includes it, which spreads the position across many companies. Or build it into a focused thematic basket, so CAG sits alongside other stocks that express the same thesis.
Walnut takes the basket route. Describe a thesis where CAG fits (for example “AI infrastructure” or “dividend-growth large-caps”) and the AI proposes 5 to 6 constituents with target weights. You review the plan and fund it through your own broker when you're ready.
The bottom line on ConAgra Brands, Inc. (CAG)
CAG is a defensive branded-food business trading at a low valuation with an unusually high dividend yield, where the debate centers on whether sales can stabilize and the payout can hold.
More on ConAgra Brands, Inc. (CAG)
Whether CAG is worth buying today depends more on your time horizon and what you already hold than on any single call. We walk through valuation, what would have to go right, and the risks in is CAG a buy?, and where the stock could go from here in the CAG stock forecast.
For income investors, whether CAG pays a dividend and how the payout looks is covered in does CAG pay a dividend?
Build a basket around CAG with Walnut
Use ConAgra Brands, Inc. as one constituent in a thematic basket Walnut's AI helps you assemble. Describe a thesis you believe in, the AI proposes the holdings and weights, and you approve before any broker order.
FAQ
What does Conagra Brands do?
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Conagra Brands is a US packaged-food company that makes and sells frozen meals, snacks and grocery staples. Its brands include Healthy Choice, Marie Callender's, Banquet, Birds Eye, Slim Jim, Hunt's, Chef Boyardee and Reddi-wip, sold mainly through grocery, mass and club retailers.
What is CAG's dividend yield?
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Conagra pays an annual dividend of about $1.40 per share. Because the share price has fallen, the yield has climbed into the high single digits to low double digits as of mid-2026, which is well above most consumer-staples peers and reflects market concern about sustainability.
Is the Conagra dividend safe?
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That is an open question. The payout consumes a large share of free cash flow and the company carries meaningful net debt, so some analysts have flagged the possibility of a dividend reduction. Whether the payout holds depends on stabilizing sales and cash generation.
How did Conagra perform in fiscal 2025?
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Fiscal 2025 net sales came in around $11.6 billion, down from the prior year, and adjusted EPS was about $2.30, a decline versus fiscal 2024. Fourth-quarter revenue of roughly $2.78 billion and adjusted EPS of about $0.56 both missed Wall Street estimates.
What is Conagra's outlook for fiscal 2026?
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Management has guided to organic net sales change of roughly negative 1 percent to positive 1 percent, adjusted operating margin around 11.0 to 11.5 percent, and adjusted EPS of about $1.70 to $1.85, reflecting continued demand softness and cost pressures.
Who is the CEO of Conagra Brands?
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John Brase became president and CEO on June 1, 2026, succeeding Sean Connolly. Brase previously served as president and COO of J.M. Smucker and spent roughly three decades at Procter and Gamble before joining Conagra.
Who are Conagra's main competitors?
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Conagra competes with other large packaged-food makers such as General Mills, Kraft Heinz, Campbell's, Kellanova and J.M. Smucker, plus frozen and snack specialists like Nestle and PepsiCo's Frito-Lay, and increasingly with retailer private-label brands.
How can I invest in Conagra Brands?
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CAG trades on the New York Stock Exchange, so you can buy shares through any brokerage account. Walnut is not an investment adviser and does not recommend buying or selling any stock. It can help you research a company and track it alongside your other holdings.
Walnut is informational, not investment advice. Financial figures on this page are approximations; always verify current numbers with ConAgra Brands, Inc.'s investor relations page or your broker before making investment decisions.