Conagra to close Missouri plant, cut more than 400 jobs
Conagra (CAG) filed a WARN notice to close its Macon, Missouri plant by Jan. 15, 2027, eliminating 442 jobs. The company had expanded the plant in May 2025, adding 26 positions.
CONAGRA BRANDS INC.
Conagra Brands is a branded consumer packaged goods food company headquartered in Chicago. It sells branded, value-added consumer foods, foodservice items and ingredients, serving customers in retail food and foodservice channels. Its brands include Birds Eye, Duncan Hines, Healthy Choice, Marie Callender’s, Reddi-wip, Slim Jim and Angie’s BOOMCHICKAPOP. Conagra’s Grocery & Snacks segment principally sells branded shelf-stable foods through U.S. retail channels, while Refrigerated & Frozen sells branded temperature-controlled foods through those channels. International sells branded foods in various temperature states through retail and foodservice channels outside the United States. Foodservice offers branded and customized meals, entrees, sauces and other culinary products to restaurants and other foodservice establishments, primarily in the United States. Products are sold directly and through distributors to retailers, foodservice customers and online platforms.
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See all $CAG insider activity →Conagra (CAG) filed a WARN notice to close its Macon, Missouri plant by Jan. 15, 2027, eliminating 442 jobs. The company had expanded the plant in May 2025, adding 26 positions.
Conagra Brands (NYSE: CAG) will host an investor day on January 26, 2027, in New York. Executives will discuss strategic and financial priorities, followed by a Q&A. The event will be webcast live and replayed until January 26, 2028. Conagra reported fiscal 2026 net sales of over $11 billion.
General Mills (GIS), Kraft Heinz (KHC), and Conagra Brands (CAG) are analyzed for dividend safety. GIS offers a 6.8% yield, with dividends covered by earnings and free cash flow. KHC yields 6.5%, with improved EPS guidance and strong cash generation. CAG reduced its dividend, now yielding 4.6%, with the best coverage among the three. All companies face challenges, including shrinking profits and sales.
Over the past 7 days, AlphAI's AI scored 5 news stories mentioning CAG (CONAGRA BRANDS INC.). Coverage has skewed bullish: 2 bullish, 2 neutral, and 1 bearish.
Recent CAG coverage spans financial news, market movers and corporate actions.
Plant closure and job cuts signal restructuring risk and potential margin pressure from fixed-cost absorption, though the article provides no financial guidance.
The announcement may generate modest positive sentiment as investors anticipate future guidance, but no immediate catalyst for a sizable move.
Dividend cut improves coverage; stock may benefit from lower leverage but lower yield could deter income investors.
Short‑term gain from sector pricing narrative.
Election outcome is supporting staples via defensive affordability rotation.
AlphAI scores every news story that mentions CAG with an AI model for sentiment and relevance, and aggregates insider trades from CONAGRA BRANDS INC.'s SEC EDGAR Form 4 filings. Figures refresh continuously.
Conagra (CAG) filed a WARN notice to close its Macon, Missouri plant by Jan. 15, 2027, eliminating 442 jobs. The company had expanded the plant in May 2025, adding 26 positions.
Conagra Brands (NYSE: CAG) will host an investor day on January 26, 2027, in New York. Executives will discuss strategic and financial priorities, followed by a Q&A. The event will be webcast live and replayed until January 26, 2028. Conagra reported fiscal 2026 net sales of over $11 billion.
General Mills (GIS), Kraft Heinz (KHC), and Conagra Brands (CAG) are analyzed for dividend safety. GIS offers a 6.8% yield, with dividends covered by earnings and free cash flow. KHC yields 6.5%, with improved EPS guidance and strong cash generation. CAG reduced its dividend, now yielding 4.6%, with the best coverage among the three. All companies face challenges, including shrinking profits and sales.
General Mills (GIS) and other packaged-food stocks rose 3-6% after Kraft Heinz (KHC) CEO said price hikes are likely in 2027. Kraft Heinz raised its 2026 sales outlook and expects inflation above 5% next year. Conagra (CAG) reported higher prices but lower volume in its latest quarter. General Mills trades at 11x forward earnings, below its 5-year average.
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Conagra (CAG) and Campbell (CPB) cut dividends, while J.M. Smucker (SJM) and Hormel (HRL) raised theirs. Kraft Heinz (KHC) kept its dividend unchanged. Conagra's new dividend is $0.175, down from $0.35, citing debt reduction. Campbell's cut its dividend by 36% to $0.25. Smucker's dividend rose to $1.12, backed by strong cash flow. Hormel increased its dividend to $0.2925, maintaining a streak of annual raises. Kraft Heinz's dividend remains at $0.40, with solid coverage but stagnant sales.
Conagra Brands Inc. (CAG) shares rose 2.92% to $14.44 on Tuesday, outperforming the S&P 500 and Dow Jones averages. The stock remains 28.92% below its 52-week high of $20.32, reached on February 12.
Conagra (CAG) cut its dividend in half to reduce debt, yielding 5.3%. Kraft Heinz (KHC) maintained its dividend, yielding 7.3%, but faces challenges. Both companies reported shrinking sales. Conagra's debt paydown is a key focus.
Conagra Brands (CAG) has discontinued its Celeste frozen pizza line, sold at retailers like Walmart (WMT) and Tops Friendly Markets. The decision, announced during the company's fiscal 2027 Q1 earnings call, aims to simplify its portfolio and focus on brands with greater growth potential, according to CEO John Brase.
Conagra Brands (CAG) will discontinue its Celeste frozen pizza line, according to CEO John Brase. The decision aims to redirect resources to stronger brands amid economic challenges. Conagra reported a 1.1% organic net sales decline in Q1. Celeste pizzas were sold at major retailers like Walmart and Stop & Shop.