US children’s food producer Once Upon a Farm is preparing to enter the UK, marking its first move into the retail channel in Europe. The California-headquartered company said yesterday (22 January) it will conduct a “limited launch” in the country in March, with products to be sold at Whole Foods Market outlets in London. Jennifer Garner, co-founder of Once Upon a Farm, added: “After years of promising my UK friends, we are proud to make the jump across the pond. “Expanding into the UK is a meaningful ...

Core Insights - Conagra Brands (CAG) is a well-known company with a strong presence in kitchens, offering products such as frozen meals, snacks, and pantry staples [1] Company Overview - Conagra Brands specializes in frozen meals, snacks, and pantry staples, making it a staple in many households [1] Analyst Background - The analysis is conducted by an independent investment analyst with over four years of experience in global equities, focusing on deep fundamental research and long-term investment theses [1] - The analyst's expertise includes equity research, data analysis, and financial modeling, with a focus on identifying undervalued businesses and high-quality compounders [1] Investment Approach - The investment approach combines bottom-up fundamental analysis with top-down macro context, emphasizing financial statement study, competitive landscape mapping, and qualitative assessment of management quality [1]

Core Insights - Conagra Brands (CAG) is a well-known company with a strong presence in kitchens, offering products such as frozen meals, snacks, and pantry staples [1] Company Overview - Conagra Brands specializes in frozen meals, snacks, and pantry staples, making it a staple in many households [1] Investment Analysis - The article emphasizes the importance of fundamental research and long-term investment theses in evaluating companies like Conagra Brands [1]

Core Insights - Thompson, Siegel, and Walmsley (TSW) has increased its stake in Conagra Brands, making it the 7th-largest holding in their portfolio, with a total position of 5,269,532 shares valued at $96.48 million as of the end of the third quarter [1][2]. Company Overview - Conagra Brands is a leading North American packaged foods company with a diversified product lineup and strong brand portfolio [6]. - The company reported a trailing twelve months (TTM) revenue of $11.45 billion and a net income of $850.10 million, with a dividend yield of 8.13% [4]. Recent Performance - As of December 1, 2025, Conagra Brands shares were priced at $17.22, reflecting a 33% decline over the prior year and underperforming the S&P 500 by 49 percentage points [3]. - The stock is currently trading at 0.7 times sales, the lowest since 2015, and at 7 times free cash flow, close to its lowest in the last two decades [11]. Investment Rationale - TSW's investment in Conagra aligns with a value investing strategy, as the company is seen as stable despite declining sales growth rates and challenges from GLP-1 medicines impacting food companies [10]. - The company holds $7.5 billion in long-term debt against a market capitalization of $8.2 billion, necessitating continued debt repayment to ensure the safety of its high-yield dividend and overall company longevity [12]. Product Portfolio - Conagra offers a broad portfolio of branded packaged foods, including frozen meals, snacks, and shelf-stable grocery products under well-known brands such as Birds Eye, Duncan Hines, Healthy Choice, and Slim Jim [9]. - The company generates revenue primarily through the manufacturing and distribution of consumer food products across various channels, leveraging scale and brand recognition [9].

Core Viewpoint - Once Upon a Farm, an organic children's food manufacturer, has postponed its IPO in the US to 2026 due to the recent government shutdown and other considerations [1][2]. Company Overview - Once Upon a Farm was established in 2015 and is based in California, producing a variety of baby and children's foods, including chilled pouches, oat bars, frozen meals, and ambient snacks [2][3]. - The company is led by CEO John Foraker, who joined in 2017 and is recognized as a co-founder [3]. Financial Performance - For the year ending December 31, Once Upon a Farm reported a net loss of $23.8 million, an increase from a $17.6 million loss the previous year [4]. - In the first half of 2025, the company recorded a net loss of $28.5 million, compared to a $4.2 million loss in the same period the previous year [4]. - Sales revenue for 2024 was $156.8 million, up from $94.3 million in 2023, with first-half sales in 2025 reaching $110.6 million, an increase from $65.8 million in the prior six months [4]. Operating Losses - The company experienced an operating loss of $6.3 million last year, which was an improvement from a $15.3 million loss [5]. - For the first six months of 2025, operating losses were $9.2 million, compared to $3.1 million in the same period the previous year [5].

Group 1 - The Campbell's Company (NASDAQ:CPB) has a stock yield of just under 5%, which raises questions about its attractiveness as an investment [1] - The company has strong brand recognition with products like Pepperidge Farm, Cape Cod, and V8, but has been facing challenges from market bears for years [1] - Jim Cramer suggests that the high yield may only be justifiable if investors are anticipating a takeover, which has not been a reliable bet so far [1] Group 2 - Campbell's Company manufactures a variety of food products, including soups, broths, sauces, juices, frozen meals, and snacks [2] - Cramer noted that while Campbell's and General Mills both yield nearly 5%, they may not be as strong as competitors like PepsiCo, but they are still in the same league [2] - The current market conditions suggest that while high-flying stocks have peaked, companies with solid dividends like Campbell's may present temporary trading opportunities rather than long-term investments [2]

Company Overview - Once Upon a Farm, founded in 2015 by Cassandra Curtis and Ari Raz, specializes in nutritious food products for babies and children, with a mission to provide convenient and healthy options [3] - The company offers over 115 organic, non-GMO products that are free from added sugars, artificial flavors, colors, and preservatives, including refrigerated pouches, oat bars, frozen meals, and pantry snacks [4] IPO Announcement - Once Upon a Farm has filed a registration statement with the U.S. Securities and Exchange Commission (SEC) to list its common stock under the ticker "OFRM" on the New York Stock Exchange, pending approval [1] - Goldman Sachs and J.P. Morgan are acting as joint lead underwriters for the proposed offering [2] Financial Performance - The company reported a 66% increase in six-month revenue as of June 30, according to its IPO filing [2] - Despite the revenue growth, the company acknowledged a "history of losses" and uncertainty regarding future profitability [2] Product Pricing - A 15-pack of the best-selling Dairy-Free Smoothie Variety Pack retails for $61.50 [4]