Conagra Brands, Inc. (CAG) Is Removing Synthetic Dyes From Its Food, Says Jim Cramer

Conagra Brands, Inc. (NYSE:CAG) is one of the Jim Cramer Warns Viewers About FOMO & Discusses These 19 Stocks.

Conagra Brands, Inc. (NYSE:CAG) is an embattled food products company whose shares have lost 26% year-to-date. The stock has struggled due to a multitude of factors. These include analyst downgrades stemming from high meat prices expected to affect the income statement, an updated outlook that expects sales to fall by 2% in 2025, and supply chain issues leading to its earnings missing analyst estimates. Cramer’s previous comments about Conagra Brands, Inc. (NYSE:CAG)  have commented on the firm’s ability to potentially benefit from GLP-1 drugs despite being a food company and high yields. This time around, he revealed that Conagra Brands, Inc. (NYSE:CAG) was removing synthetic dyes from its products:

“Conagra, and . . . Nestle, are all taking the dyes out. The synthetic dyes.”

A worker assembling a meal in a food production facility.

Previously, Cramer commented on Conagra Brands, Inc. (NYSE:CAG)’s yield ahead of its earnings:

“Thursday’s quiet on the Washington front but it’s a good prelude to the beginning of earnings season. Conagra reports, okay, and the last time we heard from this package fruit company was a bit dispiriting. One look at that yield north of 5% tells you that something’s very awry here.”

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Disclosure: None. This article is originally published at Insider Monkey.