Conagra Brands (Conagra Brands) Momentum Rank : 1 (As of Apr. 30, 2024)

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What is Conagra Brands Momentum Rank?

Conagra Brands has the Momentum Rank of 1.

For Momentum Rank, we considered the residual momentum concept that was widely studied by Blitz and his colleagues as well as by Nobel Prize laureates Fama and French. However, we did not find any significant differences in the performances of stocks with different ranks of residual momentum. Therefore, we use traditional momentum instead.

Momentum Rank is determined using the standardized momentum ratio and other momentum indicators. The standardized momentum ratio is the average of the performances from 12 months ago to 1 month ago and 6 months ago to 1 month ago, divided by the beta of the stock over the past 12 months. To calculate the momentum ratio today, we would use the average of the two performance numbers.

For momentum, we found that stock price performance does not have a monotonic correlation with the momentum ratio. The stocks with the highest momentum ratios perform worse than those at about the 70th percentile. Therefore, for the momentum rank, we ranked the stocks at about the 70th percentile of the momentum ratio as the highest at 10.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Competitive Comparison of Conagra Brands's Momentum Rank

For the Packaged Foods subindustry, Conagra Brands's Momentum Rank, along with its competitors' market caps and Momentum Rank data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Conagra Brands's Momentum Rank Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Conagra Brands's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Conagra Brands's Momentum Rank falls into.

Conagra Brands Momentum Rank Related Terms

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Conagra Brands (Conagra Brands) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Conagra Brands Inc (NYSE:CAG) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

CAO:Germany CAO:Germany

Address

222 W. Merchandise Mart Plaza, Suite 1300, Chicago, IL, USA, 60654

Website

https://www.conagrabrands.com

Conagra Brands is a packaged food company that operates predominantly in the United States (over 90% of revenue and profits). Most of its revenue comes from frozen food, including brands like Marie Callender's, Healthy Choice, Banquet, and Birds Eye. Conagra also sells snacks, shelf-stable staples, and refrigerated food through brands like Duncan Hines, Hunt's, Slim Jim, Vlasic, Orville Redenbacher's, Reddi-wip, Wish-Bone, and Chef Boyardee. The company primarily sells through the U.S. retail channel, with just 8% of fiscal 2023 revenue coming from international markets and 9% from foodservice.

Executives

Richard H Lenny	director	ILLINOIS TOOL WORKS INC., 155 HARLEM AVE., GLENVIEW IL 60025
Francisco Fraga	director	222 MERCHANDISE MART PLAZA, SUITE 1300, CHICAGO IL 60654
Thomas M Mcgough	officer: EVP and Co-COO	C/O CONAGRA FOODS, INC., ONE CONAGRA DRIVE, MS 1-330, OMAHA NE 68102
William Eric Johnson	officer: SVP, Corporate Controller	222 MERCHANDISE MART PLAZA, SUITE 1300, CHICAGO IL 60654
Charisse Brock	officer: EVP, Chief HR Officer	C/CONAGRA FOODS, INC., ONE CONAGRA DRIVE, MS1-330, OMAHA NE 68102
Robert G Wise	officer: SVP, Corporate Controller	C/O CONAGRA FOODS, INC., ONE CONAGRA DRIVE, OMAHA NE 68102
Carey Bartell	officer: EVP, GC and Corp. Secretary	C/O CONAGRA BRANDS, INC., 222 W. MERCHANDISE MART PLAZA, STE. 1300, CHICAGO IL 60654
Denise Paulonis	director	8000 BENT BRANCH DRIVE, IRVING TX 75063
Emanuel Chirico	director	7 NEW YORK PLACE, BRONSVILLE NY 10708
Batcheler Colleen	officer: SVP and General Counsel	ONE CONAGRA DRIVE, OMAHA NE 68102
Darren Serrao	officer: EVP and Co-COO	C/CONAGRA FOODS, INC., ONE CONAGRA DRIVE, MS1-330, OMAHA NE 68102
George Dowdie	director	C/O CONAGRA BRANDS, INC., 222 W. MERCHANDISE MART PLAZA, STE 1300, CHICAGO IL 60654
Fran Horowitz-bonadies	director	6301 FITCH PATH, NEW ALBANY OH 43054
Alexandre Eboli	officer: EVP,Chief Supply Chain Officer	C/O CONAGRA BRANDS, INC., 222 W. MERCHANDISE MART PLAZA, STE. 1300, CHICAGO IL 60654
Jana Partners Llc	director, other: See Remarks	767 FIFTH AVENUE, 8TH FLOOR, NEW YORK NY 10153