Latest news with #packagedfood
Yahoo
3 days ago
- Business
- Yahoo
Jim Cramer Highlights Short-Term Upside for Conagra
Conagra Brands, Inc. (NYSE:CAG) is one of the stocks that Jim Cramer looked at. When a caller inquired about the company, Cramer commented: 'Conagra, okay, here's what's going to happen with Conagra: In the next two days, Conagra's going to be up because we're involved in a rotation, and then on day three, I think you'd want to exit stage right on Conagra.' bluebay/ Conagra Brands (NYSE:CAG) produces and sells a wide range of packaged food products, including shelf-stable, refrigerated, frozen, and customized items for retail and foodservice. The company markets its products under well-known brands like Birds Eye, Healthy Choice, and Slim Jim. On July 11, Cramer suggested against buying the company stock, as he said: 'Very tough, very tough situation. Conagra's got 7% inflation. They got problem with tin cans. They can't, it's killing them… The margins aren't that good. The brands aren't enabling them to be able to take any price. I have to tell you, the one thing that was important was that, on the conference call, they did say that they think they have no problem paying the dividend. A company that has to answer about whether it has a problem paying the dividend or not is a company that I say [don't buy, don't buy, don't buy].' While we acknowledge the potential of CAG as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
4 days ago
- Business
- Yahoo
Jim Cramer Highlights Short-Term Upside for Conagra
Conagra Brands, Inc. (NYSE:CAG) is one of the stocks that Jim Cramer looked at. When a caller inquired about the company, Cramer commented: 'Conagra, okay, here's what's going to happen with Conagra: In the next two days, Conagra's going to be up because we're involved in a rotation, and then on day three, I think you'd want to exit stage right on Conagra.' bluebay/ Conagra Brands (NYSE:CAG) produces and sells a wide range of packaged food products, including shelf-stable, refrigerated, frozen, and customized items for retail and foodservice. The company markets its products under well-known brands like Birds Eye, Healthy Choice, and Slim Jim. On July 11, Cramer suggested against buying the company stock, as he said: 'Very tough, very tough situation. Conagra's got 7% inflation. They got problem with tin cans. They can't, it's killing them… The margins aren't that good. The brands aren't enabling them to be able to take any price. I have to tell you, the one thing that was important was that, on the conference call, they did say that they think they have no problem paying the dividend. A company that has to answer about whether it has a problem paying the dividend or not is a company that I say [don't buy, don't buy, don't buy].' While we acknowledge the potential of CAG as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Wall Street Journal
6 days ago
- Business
- Wall Street Journal
Nestle Says It Might Sell Nature's Bounty, Other Vitamin Brands
Nestle NESN 0.31%increase; green up pointing triangle said it might sell Nature's Bounty and other brands in its vitamins business as part of Chief Executive Laurent Freixe's efforts to boost top-line growth at the world's largest packaged-food maker. The Swiss consumer-goods giant said Thursday that it was launching a review of underperforming brands within its vitamins, minerals and supplements unit, as well as taking steps to improve its performance in the region that includes China, Hong Kong and Taiwan.
Bloomberg
22-07-2025
- Business
- Bloomberg
Kellanova to Remove Synthetic Dyes From Retail Foods by 2028
Kellanova said it's on track to remove synthetic food dyes from its retail foods by 2028, following similar moves from other packaged-food companies as President Donald Trump's administration pressures the industry to remove the additives. The maker of Eggo waffles and Pringles potato chips said the dyes will be eliminated from foods provided to US schools during the 2026-2027 academic year.
Yahoo
10-07-2025
- Business
- Yahoo
Conagra forecasts annual profit below expectations
(Reuters) -Conagra Brands forecast annual profit below expectations on Thursday, anticipating higher costs of ingredients due to U.S. tariffs, softer demand for its pantry staples and increased private label competition. The packaged food company expects its adjusted profit per share to be between $1.70 and $1.85 for fiscal year 2026, compared with analysts' average estimate of $2.19, according to data compiled by LSEG.
