Conagra Brands, Inc. (NYSE:CAG) is one of the stocks Jim Cramer was recently focused on. Cramer said that he he would be less concerned when the yield comes down. He stated: “Tomorrow, Conagra Brands report. Solid brands, right? Birds Eye, Hunt’s, BOOMCHICKAPOP… household names, along with many others, plus the stock yields 7.6%. What’s not to like? Precisely what’s not to like is that 7.6% dividend yield. How can a packaged food company offer you such a great return? It’s because most investors don’t bel ...

Conagra Brands Inc. (NYSE:CAG) on Wednesday posted first-quarter fiscal 2026 results that topped Wall Street expectations but showed year-over-year declines. Conagra Brands has a diverse portfolio of popular food products, including frozen meals, snacks, and pantry staples. Some of their most recognized brands are Birds Eye, Healthy Choice, Marie Callender's, Reddi-wip, Slim Jim, and Hunt's. The company reported net sales of $2.63 billion, down 5.8% from the prior-year period, while adjusted earnings per ...

公司表现 - Conagra Brands和The Campbell's Company股价年内下跌超过25% 均处于十多年来最低水平 [1] - 两家公司股息率分别达到6.8%和5.1% 创十年来新高 [2][16] - Conagra当前市值97亿美元 低于2018年收购Pinnacle Foods的109亿美元收购价 [11] - Campbell's当前市值92亿美元 接近其两笔收购总成本88亿美元 [13] 行业挑战 - 包装食品行业面临消费支出缩减和通胀压力 冷冻加工食品企业受冲击尤为严重 [5] - 消费者转向健康食品趋势对加工食品制造商构成重大挑战 [6] - 美国FDA要求2027年前淘汰石油基合成色素 行业面临原料替换成本压力 [7][8] 战略决策 - Conagra计划2025年前去除美国冷冻产品中合成色素 2027年前完成零售产品改造 [8] - Campbell's通过2018年61亿美元收购Snyder's-Lance和2024年27亿美元收购Sovos Brands扩大零食和意面产品线 [11][12] - 收购导致两家公司债务增加 利息支出压力加剧经营困境 [12][13] 财务数据 - Conagra每股自由现金流3.02美元 远高于1.4美元的每股股息 [18] - Campbell's每股自由现金流2.41美元 覆盖1.52美元的每股股息 [18] - Conagra市现率6.8倍 远低于16.3倍的十年中位数 [19] - Campbell's市现率12.8倍 低于15.8倍的十年中位数 [19] 投资机会 - 两家公司现金流仍能支撑高股息 当前估值处于历史低位 [18][19] - Conagra将于7月10日公布财报 届时可评估原料替换政策影响 [20] - 股价处于十年低点 对收益型投资者构成吸引力 [21]