Conagra Brands, Inc.

Conagra Brands, Inc.

Conagra Brands, Inc.

Overview
Date Founded

1975

Headquarters

One ConAgra Drive,Omaha, NE 68102-5001

Type of Company

Public

Employees (Worldwide)

16.5K

Industries

Food
Other Business & Consulting Services
Retail: Other
Internet Software & Services
Other Manufacturing
Consumer Services
Industrial Machinery & Manufacturing
Livestock & Animals

Company Description

Conagra Brands, Inc. engages in the manufacture and sale of processed and packaged foods. It operates through the following segments: Grocery and Snacks; Refrigerated and Frozen; International; Foodservice; and Pinnacle Foods. The Grocery and Snacks segment includes branded, shelf stable food products sold in various retail channels in the United States. The Refrigerated and Frozen segment comprises branded, temperature controlled food products sold in various retail channels in the United States. The International segment consists branded food products, in various temperature states, sold in various retail and foodservice channels outside of the United States. The Foodservice segment focuses in the branded and customized food products, including meals, entrees, sauces, and a variety of custom-manufactured culinary products packaged for sale to restaurants and other foodservice establishments in the United States. The Pinnacle Foods segment involves in the commercially branded and private label food and ingredients, in various temperature states, sold in various retail and foodservice channels in the United States and Canada. The company was founded by Alva Kinney and Frank Little in 1919 and is headquartered in Chicago, IL.

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Executives & Employees

President & Chief Executive Officer

Executive Vice President & Chief Financial Officer

Executive Vice President & Co-Chief Operating Officer

Executive Vice President & Co-Chief Operating Officer

Executive Vice President, General Counsel & Corporate Secretary

Chief Information Officer

Chief Customer Officer & Executive Vice President

Executive Vice President & Chief Supply Chain Officer

Executive Vice President & Chief Human Resources Officer

Board of Directors

Executive Advisor Partner at Wind Point Partners

Former Chief Financial Officer at Taco Bell Corporation

Former Executive Director, Manufacturing Procurement Operations & Global Purchasing at Ford Motor Company

Former Director at Envestnet, Inc.

Former Chief Financial Officer & Senior Vice President at Beam Suntory, Inc.

Partner & Co-Portfolio Manager, Jana Strategic Investments at JANA Partners LLC

Executive Consultant at Park Li Group

Former President-Americas at MasterCard International, Inc.

President & Chief Executive Officer at Conagra Brands, Inc.

Senior Advisor at Notch Partners

Paths to Conagra Brands, Inc.
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Conagra Brands, Inc.
Owners & Shareholders
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MIMBT maintains a flexible strategy designed to conform with various clients’ individual investment objectives, whether such objectives are growth, total return, current income, tax-exempt income, asset allocation, international or global, or stability of principal. In addition, a portfolio manager will generally consider the composition of the relevant benchmark index, as well as the composition of portfolios within a competitive peer group when constructing the portfolio for a fund. This method is designed to minimize both excessive volatility within the portfolio and wide divergence in performance versus the market in a given investment style or mandate, while seeking to produce consistently above average long-term performance. MIMBT manages separate client-focused equity, debt, and balanced portfolios. They invest in the public equity and debt markets of the US, non-US, and other emerging economies. They invest in growth-oriented value stocks of small-cap, mid-cap and large-cap companies. The firm selects countries by utilizing a top-down approach and selects using fundamental analysis with a bottom-up approach.

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JANA Partners utilizes JANA Strategic Investment (JSI) strategy which seeks to capitalize on the value-maximizing strategy of the firm by making significant investments in undervalued public companies and seeking value-creating change to generate enhanced returns across concentrated portfolios. As part of the JSI strategy, they seek to bring about change at companies, in which they have invested by either working with management to effect change or, where management is unwilling to do so, pursuing a shareholder activist strategy. JSI is a long-only investment strategy and investments span a broad spectrum of industries, typically located in North America or Western Europe and typically with market capitalizations in excess of $500 million.

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Coho Partners may use one or more of the following methods of analysis in formulating their investment advice and/or managing their clients’ assets: charting; fundamental analysis; technical analysis; asset allocation; and mutual fund/ETF analysis. The firm’s proprietary investment process, the Coho Relative Value Equity Strategy, is designed to protect principal in “down” markets while capturing a large percentage of the gains in “up” markets. In addition to the Coho Relative Value Equity Strategy, the firm offers alternative investment recommendations which are not limited to any specific product or service. Their primary focus is on individual stocks and bonds, mutual funds, ETFs, and government securities. Coho Partners may also offer advice with regard to warrants, corporate debt securities, commercial paper, CDs, and options contracts on securities.

Recent Transactions
Details Hidden

Grupo Bimbo SAB de CV, Bimbo Bakeries USA, Inc. purchase Conagra Brands, Inc. /Lender's Bagel Business from Conagra Brands, Inc.

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Thomas H. Lee Partners LP, 8th Avenue Food & Provisions, Inc. purchase Conagra Brands, Inc. /Peanut Butter Facility from Conagra Brands, Inc.

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UTZ Quality Foods LLC purchases Conagra Brands, Inc. /Direct Store Delivery Snack Business from Conagra Brands, Inc.

Insider Transactions
Details Hidden
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Transaction Advisors
Accountant

Advised onHicks Muse & Co. Partners LP, Booth Creek Management Corp. purchase Swift & Co. from Conagra Brands, Inc.

Legal Advisor

Advised onConagra Brands, Inc. purchases Pinnacle Foods, Inc.

Investment Advisor

Advised onConagra Brands, Inc. purchases Pinnacle Foods, Inc.

Legal Advisor

Advised onConagra Brands, Inc. purchases Pinnacle Foods, Inc.

Legal Advisor

Advised onConagra Brands, Inc. purchases TreeHouse Private Brands, Inc.

Associate

Advised onConagra Brands, Inc. purchases Pinnacle Foods, Inc.

Advisors & Consultants
Legal Advisor

Partner at Jones Day

Legal Advisor

Co-Chair, Electronic Discovery & Information Law Practice Group at Gibson, Dunn & Crutcher LLP

Legal Advisor

Senior Counsel at Davis Polk & Wardwell LLP

Clients

JG Summit Holdings, Inc. is one of the leading companies in the Philippines with business interests in: Air Transportation, Banking, Food Manufacturing, Petrochemicals, Real Estate, Hotels & Property Development, and Telecommunications.

Walmart, Inc. engages in retail and wholesale business. The Company offers an assortment of merchandise and services at everyday low prices. It operates through the following business segments: Walmart U.S., Walmart International, and Sam's Club. The Walmart U.S. segment operates as a merchandiser of consumer products, operating under the Walmart, Wal-Mart, and Walmart Neighborhood Market brands, as well as walmart.com and other eCommerce brands. The Walmart International segment manages supercenters, supermarkets, hypermarkets, warehouse clubs, and cash & carry outside of the United States. The Sam's Club segment comprises membership-only warehouse clubs and samsclubs.com. The company was founded by Samuel Moore Walton and James Lawrence Walton in 1945 and is headquartered in Bentonville, AR.

Lamb Weston Holdings, Inc. engages in the production, distribution, and marketing of value-added frozen potato products. It operates through the following business segments: Global, Foodservice, Retail, and Other. The Global segment includes branded and private label frozen potato products sold in North America and international markets. The Foodservice segment comprises branded and private label frozen potato products sold throughout the United States and Canada. The Retail segment consists consumer facing retail branded and private label frozen potato products sold primarily to grocery, mass merchants, club, and specialty retailers. The Other segment compose of vegetable and dairy businesses. The company was founded on July 5, 2016 and is headquartered in Eagle, ID.

Key Stats and Financials As of 2020
Market Capitalization
$16.5B
Total Enterprise Value
$26.5B
Earnings Per Share
$1.72
Revenue
$11.1B
Net Profit
$840M
Total Equity
$7.95B
EBITDAMargin
22.16%
Enterprise Value Sales
2.4x
Enterprise Value EBITDAOperating
10.72x
TEVNet Income
31.56x
Debt TEV
0.38x
EBITDA
$2.45B
Total Debt
$10B
Three Year Compounded Annual Growth Rate Of Revenue
12.2%
Non-Profit Donations & Grants
Political Donations
Investments
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Changing World Technologies, Inc. specializes in transformation of organic wastes into petroleum products. Its technology Thermal Conversion Process reforms organic waste into renewable fuel oil, without combustion, incineration or toxic residue and breaks down waste into its smallest chemical units and reforms them into new combinations to produce alternative fuels and specialty chemicals. The company was founded by Brian S. Appel on June 12, 1998 and is headquartered in West Hempstead, NY.

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JBS USA LLC provides beef and pork products. It is engaged in processing, preparing, packaging & delivering fresh and further processed beef and pork products. The company was founded in 1855 and is headquartered in Greeley, CO.

Suppliers
Silgan Holdings, Inc. Private Equity & Venture Capital | Stamford, Connecticut

Silgan Holdings, Inc. engages in the manufacture and sale of rigid packaging for consumer goods products. It operates through the following business segments: Metal Containers, Closures and Plastic Containers. The Metal Containers segment includes steel and aluminium containers for human and pet food, and general line products. The Closures segment comprises of metal, composite, and plastic closures for food and beverage products. The Plastic Containers segment covers custom designed plastic containers and closures for personal care, food, health care, pharmaceutical, household and industrial chemical, pet care, agricultural, automotive, and marine chemical products. The company was founded by R. Philip Silver and D. Greg Horrigan in 1987 and is headquartered in Stamford, CT.

Monmouth Real Estate Investment Corp. Trusts & Funds | Holmdel, NJ

Monmouth Real Estate Investment Corporation (MREIC), which was organized in 1968, is a publicly-owned real estate investment trust (REIT) specializing in net-leased industrial properties subject to long-term leases primarily to investment grade tenants. MREIC's current tenants include: Anda Pharmaceuticals, Inc., Anheuser-Busch, Best Buy, Caterpillar Logistics Systems, Coca Cola, FedEx, Keebler/Kelloggs, Sherwin-Williams, and Siemens. The high quality of MREIC's portfolio gives investors the unique opportunity of investing in institutional quality real estate while at the same time receiving the high yields generally available only with more speculative investments. The Company's property portfolio consists of 73 industrial properties and one shopping center located in 26 states, totaling approximately 9.2 million square feet of gross leasable area. In addition, the company owns a portfolio of REIT securities. Monmouth Real Estate Investment Corporation has a long history of dividends and profitability. MREIC was one of the few REITs that maintained its cash dividend during the worst economic downturn since the great depression. MREIC has a very successful dividend reinvestment plan that generates substantial liquidity and capital resources. We encourage you to visit our website further where you will find our most recent Annual Report, Letter to Shareholders, as well as photos and descriptions of our Property Portfolio. The website also includes our Dividend Reinvestment Plan Description, SEC filings, and other key information that should be of interest to our shareholders and potential investors. To receive an investor package, please feel free to contact our Investor Relations Department at 732/577-9996 or via e-mail at mreic@mreic.com. Additionally you can subscribe to our email notification list through the "Contact Us" tab on our menu bar. Just click on "E-mail Notification" and follow the instructions. Many investors find this a valuable tool for staying up to date with the company.

Tomra Systems ASA Industrial Machinery & Manufacturing | Asker, Norway

Tomra Systems ASA engages in the provision of sensor-based solutions. It operates through the following segments: Collection Solutions, Sorting Solutions, and Group Functions. The Collection Solutions segment offers reverse vending and material recovery. The Sorting Solutions segment provides optical sorting systems to the food, recycling, and mining businesses. The Group Functions segment refers to the corporate activities of the group. The company was founded by Petter Sverre Planke and Tore Planke on April 1, 1972 and is headquartered in Asker, Norway.

Awards & Honors
Rank #176
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
Rank #176
2016
Fortune Magazine - Fortune 500 Companies
Sponsored by Fortune Magazine
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