Conagra Brands Inc

CAG: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$11.00	Lxqm	Nrgjsvnbr

Conagra Reveals the Next Phase of Its Marketing Modernization at Investor Day; Shares Compelling

Rebecca Scheuneman

Jul 28, 2022

At its July 27 investor day, no-moat Conagra shared its long-term algorithm of low-single-digit organic sales growth, mid- to high-teen operating margins, and mid- to high-single-digit EPS growth, largely in line with our forecast for 2% sales growth, 18% operating margins, and 6% EPS growth. We do not plan a material change to our $44 fair value estimate, leaving shares trading at a 25% discount.

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