ConAgra Foods (CAG)
What the price implies
A reverse DCF: instead of guessing a fair value, it asks what growth today's price already assumes. How it works.
At a market value of $6.1B, ConAgra Foods's free cash flow of $979M (fiscal 2026) would need to grow about -11% a year for the stock to be worth today's price. That is slower than the company has grown its free cash flow over the last 9 years.
Assumes a 9% discount rate and 3% growth after year 10, on free cash flow (operating cash flow minus capital spending) from ConAgra Foods's SEC filings. Change any assumption, or model revenue and margins instead, in the Modeling tab, or try your own numbers in the reverse DCF calculator.
Fundamental grade
Five factors scored 1 to 9 from CAG's latest numbers, weighted into one grade. It describes the business, not whether the stock is a buy.
Key numbers
Results from SEC filings
Fiscal years, from ConAgra Foods's 10-K filings. The deep dive has 15+ years, quarters and every line.
| Fiscal year | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Revenue | $11.5B | $12.3B | $12.1B | $11.6B | $11.3B |
| Net income | $888M | $684M | $347M | $1.2B | -$1.9B |
| Free cash flow | $713M | $633M | $1.6B | $1.3B | $979M |
| EPS (diluted) | $1.84 | $1.42 | $0.72 | $2.40 | -$4.00 |
| Operating margin | 13.8% | 8.8% | 7.1% | 11.8% | -14.4% |
Where the revenue comes from
Revenue by segments, fiscal 2026.
Superinvestors who own CAG
From each investor's latest 13F filing (what a 13F shows). 6 of the investors we track hold it.
| Investor | Last quarter | Value | % of portfolio | Quarter |
|---|---|---|---|---|
| Cliff Asness AQR Capital Management |
Added | $276M | 0.10% | Q2 2026 |
| Joel Greenblatt Gotham Asset Management |
Added | $34M | 0.08% | Q2 2026 |
| Charles Brandes Brandes Investment Partners, LP |
Added | $32M | 0.22% | Q2 2026 |
| Tweedy, Browne Tweedy, Browne Company |
New position | $2M | 0.15% | Q2 2026 |
| Lee Ainslie Maverick Capital |
Trimmed | $1M | 0.01% | Q2 2026 |
| Mario Gabelli GAMCO Investors |
Trimmed | $349,058 | 0.00% | Q2 2026 |
Insider buying
Open-market purchases by ConAgra Foods's executives and directors in the last 12 months, from SEC Form 4 filings. What insider buying tells you.
| Date | Insider | Shares | Price | Value |
|---|---|---|---|---|
| Apr 14, 2026 | John J Mulligan Director |
17,500 | $14.31 | $250,425 |
| Apr 14, 2026 | Richard H Lenny Director |
25,000 | $14.34 | $358,500 |
| Feb 10, 2026 | Gilbert Ray Cisneros, Jr. |
0 | $19.33 | — |
| Feb 10, 2026 | Gilbert Ray Cisneros, Jr. |
0 | $19.33 | — |
| Nov 14, 2025 | Gary C. Peters |
0 | $17.45 | — |
| Nov 14, 2025 | Gary C. Peters |
0 | $17.45 | — |
| Nov 12, 2025 | Gilbert Ray Cisneros, Jr. |
0 | $17.35 | — |
| Nov 12, 2025 | Gilbert Ray Cisneros, Jr. |
0 | $17.35 | — |
| Nov 10, 2025 | Ro Khanna |
0 | $16.97 | — |
| Nov 10, 2025 | Ro Khanna |
0 | $16.97 | — |
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In the full deep dive
Questions
What growth does ConAgra Foods's stock price imply?
At a market value of $6.1B, ConAgra Foods would need its free cash flow to grow about -11% a year for 10 years (discounted at 9%, 3% growth after that) to be worth today's price. Over the last 9 years its free cash flow grew 1% a year.
Are ConAgra Foods insiders buying the stock?
10 open-market insider purchases of CAG in the last 12 months, from SEC Form 4 filings.
Which superinvestors own ConAgra Foods?
6 of the superinvestors Investingly tracks hold CAG in their latest 13F, including Cliff Asness, Joel Greenblatt, Charles Brandes.
Prices and ratios as of Oct 7, 2026; statements from SEC filings. Information only, not investment advice. Superinvestor holdings come from 13F filings, which are filed up to 45 days after each quarter ends.