Topic: How To Invest

Wall Street Stock Forecaster Hotline – Friday, April 4, 2025

Article Excerpt

CONAGRA BRANDS INC., $26.68, New York symbol CAG, is still a buy for long-term gains. Through your shares, you tap the maker of some of North America’s most popular food brands. They include Chef Boyardee canned pasta, Hunt’s tomato sauce, Birds Eye frozen meals, Orville Redenbacher popcorn and Reddi-wip whipped cream. The company reported lower-than-expected sales and earnings for its latest quarter. That’s because cost-conscious consumers continue to switch to cheaper alternatives. A quality-control problem at Conagra’s main chicken-processing plant also forced it to buy meat from another supplier, which increased its costs. The company is now fixing these problems, which will let it rebuild inventories and increase shipments. Conagra’s sales in its fiscal 2025 third quarter, ended February 23, 2025, fell 6.3%, to $2.84 billion from $3.03 billion from a year earlier. That missed the consensus forecast of $2.90 billion. If you exclude businesses it bought and sold, as well as currency rates, Conagra’s organic sales declined 5.2%. That’s due to lower volumes (down…