10 Best Cookies and Crackers Stocks to Buy

6. Conagra Brands, Inc. (NYSE:CAG)

Number of Hedge Fund Holders: 26

Conagra Brands, Inc. (NYSE:CAG) is one of North America’s leading branded food companies. The firm has a portfolio of iconic and emerging brands that continue to evolve to cater to the needs of its consumers. Conagra’s brands include Birds Eye, Duncan Hines, Healthy Choice, Marie Callender’s, Reddi-wip, Slim Jim, and Angie’s BOOMCHICKAPOP among others. The firm’s Glutino brand is a leader in the gluten-free snacks category and offers a diverse range of gluten-free cookies as well as crackers.

The business is over 100 years old since it began as a Midwestern flour-milling company and entered other commodity-based businesses later, eventually positioning itself as a strong branded, pure-play consumer packaged goods food company. The firm has grown its food businesses through innovation that helps deliver great-tasting food across both its iconic and emerging brands, organic growth of its brands, and expansion into adjacent categories, including through acquisitions. The firm generated fiscal 2024 net sales of more than $12 billion.

Conagra Brands, Inc. (NYSE:CAG) continues to strengthen its impressive portfolio of industry-leading brands. Back in June, the firm debuted its dynamic collection of new products, including arrivals in single-serve and multi-serve frozen meals, frozen vegetables, and snacks. Among the new lineup were six delicious new sandwich cookies and pretzels from Glutino.

Simultaneously, the firm continues to efficiently navigate a challenging consumer environment. The business successfully returned to growth in the second quarter of fiscal year 2025 as it drove volume improvement, organic net sales up 30 basis points over the prior year, and market share gains. It is worth noting that 67% of Conagra’s portfolio held or gained volume share in the second quarter, marking the fifth consecutive quarter of share gains. The share performance was so good that Conagra outperformed its closest peer by 24 percentage points. Although the top-line momentum is expected to continue in the second half, the profitability will be impacted by two headwinds which are higher-than-expected inflation and unfavorable foreign exchange rates.