Conagra Brands' (CAG) acquisition of Sweetwood Smoke & Co. highlights its focus on expanding in the innovative, high-protein snacks category.

CNBC's Jim Cramer delivers his daily Mad Dash.

CHICAGO , Aug. 9, 2024 /PRNewswire/ -- Today Conagra Brands, Inc. (NYSE: CAG) announced that it has acquired Sweetwood Smoke & Co., maker of FATTY Smoked Meat Sticks. Financial terms were not disclosed.

Conagra continued to face challenges in the packaged foods space, with their latest quarter reporting a miss on sales and disappointing guidance for fiscal 2025. With growth still remaining challenged, the company maintained its dividend as it still falls within the target payout ratio, though they offer around a 4.6% dividend yield to investors. Analysts expect a slight decline in EPS for fiscal 2025 but anticipate earnings growth heading into fiscal 2026, which could come from volume weakness moderating.

CHICAGO , July 16, 2024 /PRNewswire/ -- Conagra Brands, Inc. (NYSE: CAG), one of North America's leading branded food companies, today announced it has been recognized as one of the "Best Places to Work for Disability Inclusion" by The Disability Equality Index®, the world's most comprehensive benchmarking tool for Fortune 1000 scope companies to measure disability workplace inclusion inside their organizations and to assess performance across industry sectors. Established in 2015, the Disability Equality Index is a joint initiative of Disability:IN and The American Association of People with Disabilities (AAPD) and is acknowledged today as the most robust disability inclusion assessment tool in business.

Conagra Brands, Inc. CAG reported worse-than-expected fourth-quarter sales results and issued FY25 adjusted EPS guidance below estimates.

Conagra Brands NYSE: CAG is a North American food industry leader and is considered part of the consumer staples sector. Conagra Brands' earnings report for the fourth quarter of 2024 shows evidence of a company that continues to navigate a challenging and shifting consumer landscape.

Conagra Brands owns well-known food brands and offers private label products sold in major grocery stores. Recent decline in Conagra shares presents a potential buying opportunity, especially in anticipation of a recession. Conagra's dividend yield of 5%, low price to earnings ratio, and potential for capital gains make it an attractive investment option for 2024.

Conagra posted a mixed quarter, and it forecast fiscal 2025 earnings that fell short of estimates. The company has a solid dividend yield, but the stock is flat over the past five years.

Conagra's (CAG) fourth-quarter results reflect a continuation of the slowdown in consumption leading to soft sales. However, supply-chain productivity efforts aid gross margin expansion.

Conagra Brands forecast annual revenue and profit below analysts' estimates on Thursday, as cash-strapped consumers turned to cheaper pantry staples for their at-home meals.

Conagra Brands (CAG) shares fell Thursday as the processed food giant gave weaker-than-expected guidance amid what it called a “difficult consumer environment.”