Last $32.01 USD
Change Today -0.36 / -1.11%
Volume 4.5M
CAG On Other Exchanges
Symbol
Exchange
New York
Stuttgart
As of 8:04 PM 09/17/14 All times are local (Market data is delayed by at least 15 minutes).

conagra foods inc (CAG) Snapshot

Open
$32.26
Previous Close
$32.37
Day High
$32.33
Day Low
$31.67
52 Week High
01/15/14 - $34.18
52 Week Low
02/27/14 - $28.09
Market Cap
13.6B
Average Volume 10 Days
2.5M
EPS TTM
$2.13
Shares Outstanding
424.5M
EX-Date
07/24/14
P/E TM
15.0x
Dividend
$1.00
Dividend Yield
3.12%
Current Stock Chart for CONAGRA FOODS INC (CAG)

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conagra foods inc (CAG) Details

ConAgra Foods, Inc. operates as a food company primarily in North America. The company operates through three segments: Consumer Foods, Commercial Foods, and Private Brands. The Consumer Foods segment provides branded food products in various categories, such as meals, entrees, condiments, sides, snacks, and desserts to various retail channels, such as grocery and convenience stores across frozen, refrigerated, and shelf-stable temperature classes. This segment’s principal brands include Alexia, ACT II, Banquet, Blue Bonnet, Chef Boyardee, DAVID, Egg Beaters, Healthy Choice, Hebrew National, Hunt’s, Marie Callender’s, Odom’s Tennessee Pride, Orville Redenbacher’s, PAM, Peter Pan, Reddi-wip, Slim Jim, Snack Pack, Swiss Miss, Van Camp’s, and Wesson. The Commercial Foods segment offers food and ingredients primarily to commercial, foodservice, food manufacturing, and industrial customers. It provides frozen and sweet potato items, vegetable products, and spice and frozen bakery goods under the Lamb Weston, and Spicetec Flavors & Seasonings brand names. The Private Brands segment offers private branded and customized food items in various retail channels, including grocery and convenience stores. Its products consist of hot and ready-to-eat cereals; condiments; bars and coordinated categories; pastas; and retail bakery goods. ConAgra Foods, Inc. was founded in 1919 and is headquartered in Omaha, Nebraska.

32,800 Employees
Last Reported Date: 07/16/14
Founded in 1919

conagra foods inc (CAG) Top Compensated Officers

Chief Executive Officer, President, Executive...
Total Annual Compensation: $1.1M
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $589.9K
President of Private Brands and Commercial Fo...
Total Annual Compensation: $600.0K
Executive Vice President, General Counsel and...
Total Annual Compensation: $494.6K
Compensation as of Fiscal Year 2014.

conagra foods inc (CAG) Key Developments

Conagra Foods, Inc. Announces Retirement of Gary M. Rodkin President and Chief Executive Officer

ConAgra Foods, Inc. announced that Gary M. Rodkin, President and Chief Executive Officer of the company, informed the company's Board of Directors on August 10, 2014 of his intention to retire at the end of the company's Fiscal 2015, which ends May 2015, or following the on-boarding of his successor, if earlier. Mr. Rodkin will continue to serve as President and Chief Executive Officer of the company and as a member of the Board until that time.

ConAgra Foods, Inc. Announces Pricing of Notes Tender Offer

ConAgra Foods, Inc. announced the pricing of its previously announced tender offer to purchase for cash up to $500.0 million combined aggregate principal amount of its 3.20% Senior Notes due 2023, its 4.65% Senior Notes due 2043, its 7.00% Senior Notes due 2019, its 5.819% Senior Notes due 2017 and its 2.10% Senior Notes due 2018. The amounts of each series of Notes that are purchased will be determined in accordance with the acceptance priority levels and on the cover page of the Offer to Purchase, dated July 21, 2014, in the column entitled "Acceptance Priority Level", with 1 being high Acceptance Priority Level and 5 being the lowest Acceptance Priority Level. In addition, no more than $225.0 million aggregate principal amount of the 2023 Notes, no more than $200.0 million aggregate principal amount of the 2043 Notes, no more than $25.0 million aggregate principal amount of the 2019 Notes, no more than $25.0 million aggregate principal amount of the 2017 Notes and no more than $25.0 million aggregate principal amount of the 2018 Notes will be purchased. The Tender Offer is being made upon and is subject to the terms and conditions in the Offer to Purchase and the related Letter of Transmittal. The Tender Offer will expire at midnight, New York City time, at the end of August 15, 2014, unless extended or earlier terminated by ConAgra Foods. Tenders of Notes may be withdrawn at any time at or prior to 5:00 p.m., New York City time, on August 1, 2014, but may not be withdrawn thereafter except in certain limited circumstances where additional withdrawal rights are required by law.

ConAgra Foods, Inc. Announces Notes Tender Offer

ConAgra Foods, Inc. announced it has commenced a tender offer to purchase for cash up to $500.0 million combined aggregate principal amount of its 3.20% Senior Notes due 2023, its 4.65% Senior Notes due 2043, its 7.00% Senior Notes due 2019, its 5.819% Senior Notes due 2017 and its 2.10% Senior Notes due 2018. The amounts of each series of Notes that are purchased will be determined in accordance with the acceptance priority levels and on the cover page of the Offer to Purchase, dated July 21, 2014, in the column entitled 'Acceptance Priority Level', with 1 being the highest Acceptance Priority Level and 5 being the lowest Acceptance Priority Level. In addition, no more than $225.0 million aggregate principal amount of the 2023 Notes, no more than $200.0 million aggregate principal amount of the 2043 Notes, no more than $25.0 million aggregate principal amount of the 2019 Notes, no more than $25.0 million aggregate principal amount of the 2017 Notes and no more than $25.0 million aggregate principal amount of the 2018 Notes will be purchased. The Tender Offer is being made upon and is subject to the terms and conditions set forth in the Offer to Purchase and the related Letter of Transmittal. The Tender Offer will expire at midnight, New York City time, at the end of August 15, 2014, unless extended or earlier terminated by ConAgra Foods. Tenders of Notes may be withdrawn at any time at or prior to 5:00 p.m., New York City time, on August 1, 2014, but may not be withdrawn thereafter except in certain limited circumstances where additional withdrawal rights are required by law. The consideration paid in the Tender Offer for each series of Notes that are validly tendered and accepted for purchase will be determined in the manner described in the Offer to Purchase by reference to a fixed spread over the yield to maturity of the applicable U.S. Treasury Security and in the Offer to Purchase. Holders of the Notes that are validly tendered and not withdrawn on or prior to 5:00 p.m., New York City time, on August 1, 2014 (the Early Tender Date) and accepted for purchase will receive the applicable Total Consideration, which includes an early tender premium of $30.00 per $1,000 principal amount of the Notes accepted for purchase (the Early Tender Premium). Holders of Notes who validly tender their Notes following the Early Tender Date and on or prior to the Expiration Date will only receive the applicable Tender Offer Consideration per $1,000 principal amount of any such Notes tendered by such holders that are accepted for purchase, which is equal to the applicable Total Consideration minus the Early Tender Premium. The Total Consideration will be determined at 2:00 p.m., New York City time, on August 1, 2014, unless extended by ConAgra Foods. Payments for Notes purchased will include accrued and unpaid interest from and including the last interest payment date applicable to the relevant series of Notes up to, but not including, the applicable settlement date for such Notes accepted for purchase. The settlement date for Notes that are validly tendered on or prior to the Early Tender Date is expected to be August 4, 2014, one business day following the Early Tender Date. The settlement date for the Notes that are tendered following the Early Tender Date but on or prior to the Expiration Date is expected to be August 18, 2014, one business day following the Expiration Date, assuming the Maximum Tender Amount is not purchased on the Early Settlement Date. Subject to the Tender Caps and the Maximum Tender Amount, all Notes validly tendered and not validly withdrawn on or before the Early Tender Date having a higher Acceptance Priority Level will be accepted before any tendered Notes having a lower Acceptance Priority Level, and all Notes validly tendered after the Early Tender Date having a higher Acceptance Priority Level will be accepted before any Notes tendered after the Early Tender Date having a lower Acceptance Priority Level. However, even if the Tender Offer is not fully subscribed as of the Early Tender Date, subject to the Tender Caps and the Maximum Tender Amount, Notes validly tendered and not validly withdrawn on or before the Early Tender Date will be accepted for purchase in priority to other Notes tendered after the Early Tender Date even if such Notes tendered after the Early Tender Date have a higher Acceptance Priority Level than Notes tendered prior to the Early Tender Date. Notes of a series may be subject to proration if the aggregate principal amount of the Notes of such series validly tendered and not validly withdrawn is greater than the applicable Tender Cap or would cause the Maximum Tender Amount to be exceeded. Furthermore, if the Tender Offer is fully subscribed as of the Early Tender Date, holders who validly tender Notes following the Early Tender Date will not have any of their Notes accepted for payment. ConAgra Foods' obligation to accept for payment and to pay for the Notes validly tendered in the Tender Offer is subject to the satisfaction or waiver of a number of general conditions in the Offer to Purchase. ConAgra Foods reserves the right, subject to applicable law, to: (i) waive any and all conditions to the Tender Offer; (ii) extend or terminate the Tender Offer; (iii) increase or decrease the Maximum Tender Amount and/or increase, decrease or eliminate one or more of the Tender Caps; or (iv) otherwise amend the Tender Offer in any respect. Wells Fargo Securities, LLC is acting as Dealer Manager for the Tender Offer. The Tender Offer is being made only pursuant to the Offer to Purchase and only in such jurisdictions as is permitted under applicable law.

 

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Industry Analysis

CAG

Industry Average

Valuation CAG Industry Range
Price/Earnings 46.5x
Price/Sales 0.8x
Price/Book 2.6x
Price/Cash Flow 45.3x
TEV/Sales 0.3x
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