(cache)Conagra Brands: Poor Operating Results, But Steeply Discounted Valuation (NYSE:CAG)

Summary

Conagra's Q4 results and 2026 guidance were disappointing, leading to a fresh sell-off in the share price.
Dividend sustainability is now in question as the company might choose to use its cash flows for other priorities.
Valuation is the main reason for optimism.
Despite brand weakness and sector headwinds, I see an upside from possible multiple expansion, asset sales, or M&A, supporting my continued buy rating for risk-tolerant investors.

I upgraded shares of Conagra Brands (NYSE:CAG) to a buy rating back in February.

While the company was clearly facing numerous challenges, my view was that its valuation had dipped far enough

Symbol	Last Price	% Chg
CAG Conagra Brands, Inc.	19.21	-0.47%
Post	19.39	0.94%