Conagra Brands Inc Stock Price, News & Analysis

Conagra Brands, Inc. (NYSE: CAG) will hold a webcast and conference call on January 7, 2021, at 9:30 a.m. ET to discuss its fiscal 2021 second quarter results. A news release will be issued at 7:30 a.m. ET. The conference call can be accessed at 1-877-883-0383 for U.S. participants or 1-412-902-6506 for international participants, using passcode 6391339. A replay will be available until January 7, 2022. For details, visit their investor relations page.

Conagra Brands, Inc. (NYSE: CAG) has partnered with Chance the Rapper's nonprofit, SocialWorks, to launch a food packaging design mentorship program for Chicago high school students. This initiative aims to enhance artistic skills while developing a Duncan Hines Holiday Baking Kit Box featuring artwork by local student Devin Brown. The kit is now available on Amazon. Conagra has committed $300,000 to support SocialWorks and has a history of contributing to Chicago Public Schools through its New Chance Fund, impacting over 6,800 students.

On November 13, 2020, Conagra Brands celebrated America Recycles Day by recognizing eight facilities in the U.S. and Mexico that achieved Zero Waste Champion status for diverting over 95% of waste from landfills. These efforts contributed to an 84% companywide waste diversion rate for the fiscal year 2020. Conagra continues to implement strategic measures to enhance recycling initiatives and encourages innovative waste management solutions, reflecting its commitment to environmental responsibility.

Conagra Brands (NYSE: CAG) announces the return of Famous Queso as a seasonal favorite, providing new recipes to enjoy it in smaller gatherings during 2020. RO*TEL, VELVEETA, and ReadySetEat.com emphasize versatility with recipes such as Chicken Queso Soup, Crunchy Breakfast Queso Wraps, and Pretzel Knots with Beer Queso. Conagra aims to adapt to changing consumer preferences, promoting comfort food suitable for any occasion. Brett Castle, brand director, highlights the importance of culinary creativity in today's dining landscape.

Conagra Brands (NYSE: CAG) continues to drive its snacks innovation agenda, showcasing new products at the virtual 2020 NACS 'Crack The Code Experience'. The company, with a $2.5 billion snacks portfolio, focuses on convenience store growth by launching exciting new meat snacks and other treats. Their popular Slim Jim brand has introduced various innovative snacks, including the Slim Jim Savage meat sticks and Monster Size offerings. Conagra's strategic merchandising displays aim to enhance visibility and encourage impulse purchases among consumers.

Conagra Brands has launched the "United For Change" campaign to encourage employee fundraising for community programs focused on alleviating poverty and promoting civil liberties. The initiative supports United Way and the ACLU Foundation, with company donations based on employee contributions. This campaign involves employees across 50 facilities in the U.S., Canada, and Mexico, addressing the increased need for social justice, especially during challenging times like COVID-19. Conagra aims to engage employees in creating lasting improvements in their communities.

Conagra Brands, Inc. (NYSE: CAG) has announced the retirement of its executive vice president and chief supply chain officer, Dave Biegger, effective May 2021. Biegger has been pivotal in leading the supply chain during significant changes, including the COVID-19 pandemic. He joined the company in 2015 and has nearly 40 years of experience in supply chain operations. Conagra is initiating a search for his successor, aiming for a smooth transition of responsibilities.

Conagra Brands reported robust first-quarter fiscal 2021 results, with net sales up 12.1% to $2.7 billion and organic net sales rising 15.0%. The company's operating margin improved by 800 basis points to 19.0%, while diluted earnings per share surged 86.1% to $0.67. The board approved a 29% dividend increase to $0.275, reflecting strong de-leveraging and confidence in long-term growth. For Q2, Conagra anticipates organic sales growth of 6-8% and adjusted EPS between $0.70 and $0.74, backed by increased production and investments.

Conagra Brands, Inc. (NYSE: CAG) has declared a quarterly cash dividend of $0.275 per share, marking a 29% increase from the previous dividend. This adjustment reflects the company’s commitment to delivering shareholder value. The dividend is scheduled for payment on December 2, 2020 to stockholders of record as of November 2, 2020. With this announcement, the annualized dividend reaches $1.10 per share, showcasing Conagra's financial strength and confidence in future growth.