CAG

Conagra Brands, Inc.

Consumer Defensive · $6.8B market cap

Share price

$13.36

close of Oct 3, 2026

Fair value

$28.66

Sticker Price

Payback Price

$11.46

buy price

Undervalued

CAG is Undervalued: at $13.36 it trades 53% below its fair value of $28.66. Its buy price (Payback Price) is $11.46, 14% below today's price. Business quality is limited: none of the 5 key numbers clears the 10% bar.

How we valued it

Owner Earnings. Earnings grow slowly (under 7% a year), but cash flow is steady, so we value it on its cash flow instead of its earnings.

Business quality

0 of 5 clear the 10% bar. What are the Big Five?

Earnings per share growth0.3% a year✗

Equity per share growth3.6% a year✗

Sales growth-0.2% a year✗

Free cash flow growth1.8% a year✗

Return on invested capital-0.3%✗

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Superinvestors

3 of the investors we track hold CAG. In Q2 2026, 1 opened a position, 1 added and 1 trimmed. Who we track

Hillman Capital Management

Hillman Capital Management · as of Q2 2026

$2.4M

180,728 shares

Tweedy Browne

Tweedy Browne · as of Q2 2026

$2.0M

146,196 shares

Lee Ainslie

Maverick Capital · as of Q2 2026

$1.2M

89,682 shares

Moves in Q2 2026

New position: Tweedy Browne

Added: Hillman Capital Management

Trimmed: Lee Ainslie

Insider activity

Since Jul 19, 2025: 1 open-market purchase worth $511K and 65 other filings (stock awards, tax withholding and similar). Why purchases matter

Purchases

Brase John P

President and CEO · 2026-07-17

Bought

$511K

Other filings

MARSHALL RUTH ANN

director · 2026-09-01

Award

$26K

Bartell Carey

EVP, GC and Corp. Secretary · 2026-07-24

Tax withholding

$36K

Bartell Carey

EVP, GC and Corp. Secretary · 2026-07-24

Option exercise

5,481 shares

Brock Charisse

EVP, Chief HR Officer · 2026-07-24

Tax withholding

$36K

Brock Charisse

EVP, Chief HR Officer · 2026-07-24

Option exercise

5,481 shares

Show all 65 other filings

Eboli Alexandre

EVP, Chief SC & Transformation · 2026-07-24

Tax withholding

$72K

Eboli Alexandre

EVP, Chief SC & Transformation · 2026-07-24

Option exercise

10,962 shares

MARBERGER DAVID S

EVP and CFO · 2026-07-24

Tax withholding

$75K

MARBERGER DAVID S

EVP and CFO · 2026-07-24

Option exercise

11,419 shares

Napier Melissa C.

SVP, Corporate Controller · 2026-07-24

Tax withholding

$18K

Napier Melissa C.

SVP, Corporate Controller · 2026-07-24

Option exercise

2,698 shares

McGough Thomas M

EVP & COO · 2026-07-24

Tax withholding

$49K

McGough Thomas M

EVP & COO · 2026-07-24

Option exercise

11,419 shares

O'Mara Noelle

EVP & President, R & F · 2026-07-24

Tax withholding

$302K

O'Mara Noelle

EVP & President, R & F · 2026-07-24

Option exercise

34,257 shares

O'Mara Noelle

EVP & President, R & F · 2026-07-24

Option exercise

4,568 shares

O'Mara Noelle

EVP & President, R & F · 2026-07-24

Option exercise

7,308 shares

Bartell Carey

EVP, GC and Corp. Secretary · 2026-07-22

Award

56,425 shares

Bartell Carey

EVP, GC and Corp. Secretary · 2026-07-22

Tax withholding

$46K

Bartell Carey

EVP, GC and Corp. Secretary · 2026-07-22

Award

7,032 shares

Brase John P

President and CEO · 2026-07-22

Award

205,953 shares

Brock Charisse

EVP, Chief HR Officer · 2026-07-22

Tax withholding

$95K

Brock Charisse

EVP, Chief HR Officer · 2026-07-22

Award

9,375 shares

Brock Charisse

EVP, Chief HR Officer · 2026-07-22

Award

5,078 shares

Eboli Alexandre

EVP, Chief SC & Transformation · 2026-07-22

Award

70,532 shares

Eboli Alexandre

EVP, Chief SC & Transformation · 2026-07-22

Tax withholding

$82K

Eboli Alexandre

EVP, Chief SC & Transformation · 2026-07-22

Award

12,500 shares

MARBERGER DAVID S

EVP and CFO · 2026-07-22

Award

84,638 shares

MARBERGER DAVID S

EVP and CFO · 2026-07-22

Tax withholding

$257K

MARBERGER DAVID S

EVP and CFO · 2026-07-22

Award

19,532 shares

McGough Thomas M

EVP & COO · 2026-07-22

Tax withholding

$85K

McGough Thomas M

EVP & COO · 2026-07-22

Award

19,532 shares

Napier Melissa C.

SVP, Corporate Controller · 2026-07-22

Tax withholding

$7K

Napier Melissa C.

SVP, Corporate Controller · 2026-07-22

Award

1,025 shares

Napier Melissa C.

SVP, Corporate Controller · 2026-07-22

Award

14,106 shares

O'Mara Noelle

EVP & President, R & F · 2026-07-22

Award

50,783 shares

Bartell Carey

EVP, GC and Corp. Secretary · 2026-07-19

Tax withholding

$23K

Bartell Carey

EVP, GC and Corp. Secretary · 2026-07-19

Option exercise

3,638 shares

Brock Charisse

EVP, Chief HR Officer · 2026-07-19

Option exercise

4,851 shares

Brock Charisse

EVP, Chief HR Officer · 2026-07-19

Tax withholding

$79K

Brock Charisse

EVP, Chief HR Officer · 2026-07-19

Option exercise

7,882 shares

Eboli Alexandre

EVP, Chief SC & Transformation · 2026-07-19

Tax withholding

$41K

Eboli Alexandre

EVP, Chief SC & Transformation · 2026-07-19

Option exercise

6,468 shares

MARBERGER DAVID S

EVP and CFO · 2026-07-19

Option exercise

10,106 shares

MARBERGER DAVID S

EVP and CFO · 2026-07-19

Tax withholding

$256K

MARBERGER DAVID S

EVP and CFO · 2026-07-19

Option exercise

30,316 shares

McGough Thomas M

EVP & COO · 2026-07-19

Tax withholding

$42K

McGough Thomas M

EVP & COO · 2026-07-19

Option exercise

10,106 shares

Napier Melissa C.

SVP, Corporate Controller · 2026-07-19

Tax withholding

$17K

Napier Melissa C.

SVP, Corporate Controller · 2026-07-19

Option exercise

2,388 shares

Bartell Carey

EVP, GC and Corp. Secretary · 2026-07-17

Tax withholding

$63K

Bartell Carey

EVP, GC and Corp. Secretary · 2026-07-17

Option exercise

10,006 shares

Brock Charisse

EVP, Chief HR Officer · 2026-07-17

Tax withholding

$51K

Brock Charisse

EVP, Chief HR Officer · 2026-07-17

Option exercise

8,004 shares

Eboli Alexandre

EVP, Chief SC & Transformation · 2026-07-17

Tax withholding

$76K

Eboli Alexandre

EVP, Chief SC & Transformation · 2026-07-17

Option exercise

12,007 shares

MARBERGER DAVID S

EVP and CFO · 2026-07-17

Tax withholding

$106K

MARBERGER DAVID S

EVP and CFO · 2026-07-17

Option exercise

16,676 shares

McGough Thomas M

EVP & COO · 2026-07-17

Tax withholding

$70K

McGough Thomas M

EVP & COO · 2026-07-17

Option exercise

16,676 shares

Napier Melissa C.

SVP, Corporate Controller · 2026-07-17

Tax withholding

$25K

Napier Melissa C.

SVP, Corporate Controller · 2026-07-17

Option exercise

3,940 shares

O'Mara Noelle

EVP & President, R & F · 2026-07-17

Tax withholding

$76K

O'Mara Noelle

EVP & President, R & F · 2026-07-17

Option exercise

12,007 shares

Bartell Carey

EVP, GC and Corp. Secretary · 2025-07-19

Option exercise

3,638 shares

About Conagra Brands, Inc.

Conagra Brands, Inc., a prominent manufacturer of packaged food products, conducts its business across North America through its various subsidiary companies. The firm organizes its extensive operations into four distinct segments: Grocery & Snacks, Refrigerated & Frozen, International, and Foodservice. The Grocery & Snacks division primarily distributes non-perishable food items through various retail channels…

Packaged Foods

Fair value and Payback Price are estimates from the company's reported financials, not investment advice. Prices as of the close of Oct 3, 2026. How the Payback Price works

Verdict

How we valued it

Business quality

Superinvestors

Insider activity

Purchases

Other filings

About Conagra Brands, Inc.