uploads///Stock Price Performance of ConAgra and Peers

Will ConAgra Foods’ Stock Gain from Its Fiscal 4Q16 Results?


Jun. 24 2016, Published 8:32 a.m. ET

ConAgra’s fiscal 4Q16 earnings

ConAgra Foods (CAG) will report its fiscal 4Q16 and fiscal 2016 earnings before markets open on June 30, 2016. The company will hold a conference call on the same day after the opening bell. Revenue and earnings are expected to decline in fiscal 4Q16.

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ConAgra’s stock performance

ConAgra Foods is based in Omaha, Nebraska. It operates as a food company primarily in North America. The stock rose 1% after both its fiscal 2Q16 and 3Q16 results. Declining earnings growth has been impacting the stock. The stock has gained 4% since its last quarter earnings release on April 7. So far, the stock has gained momentum in 2016. It has risen 15% as of June 23 after rising 18% in 2015.

The stock increased 1% on June 8 after the company announced the sale of its JW Swank business and Lamb Weston’s expansion. We’ll have to wait and see if its fiscal 4Q16 results and its attempt to drive growth through its product portfolio will benefit the stock. As of June 23, ConAgra Foods outperformed the Market represented by the S&P 500 Index by ~10%.

The following is the stock performance of its peers in the processed and packaged food industry so far in 2016:

  • General Mills (GIS) has returned 16%.
  • Kraft Heinz (KHC) has returned 18%.
  • Campbell Soup (CPB) has returned 21%.

General Mills, Kraft Heinz, and Campbell Soup closed trade on June 23 at $66.77, $86.37, and $62.64, respectively. The Guggenheim S&P 500 Equal Weight Consumer Staples ETF (RHS) invests 2.7% of its portfolio in ConAgra. It also invests 8.0% of its holdings in the peers’ stocks combined. The First Trust NASDAQ-100 Ex-Technology Sector Index Fund (QQXT) invests 1.5% of its holdings in Kraft Heinz.

Next, we’ll discuss the expectations for ConAgra’s 4Q16 revenues.


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