Sifting through countless of stocks in the Food Products industry can be tedious, and sometimes two stocks are just too similar to judge which is the better investment. If you’re on the fence about investing in Conagra Brands, Inc. or The Hershey Company because you’re not sure how they measure up, it’s important to compare them on a few factors before making your decision.

Read on to learn how Conagra Brands, Inc. and The Hershey Company compare based on key financial metrics to determine which better meets your investment needs.

About Conagra Brands, Inc. and The Hershey Company

Conagra Brands, Inc., together with its subsidiaries, operates as a branded consumer packaged goods food company primarily in the United States. The company operates in four segments: Grocery & Snacks, Refrigerated & Frozen, International, and Foodservice. The Grocery & Snacks segment primarily offers shelf stable food products through various retail channels. The Refrigerated & Frozen segment provides temperature-controlled food products through various retail channels. The International segment offers food products in various temperature states through retail and foodservice channels outside of the United States. The Foodservice segment offers branded and customized food products, including meals, entrees, sauces, and various custom-manufactured culinary products packaged for restaurants and other foodservice establishments. The company sells its products under the Birds Eye, Duncan Hines, Healthy Choice, Marie Callender's, Reddi-wip, Slim Jim, and Angie’s BOOMCHICKAPOP brands. Conagra Brands, Inc. was incorporated in 1919 and is headquartered in Chicago, Illinois.

The Hershey Company, together with its subsidiaries, engages in the manufacture and sale of confectionery products and pantry items in the United States and internationally. It operates through three segments: North America Confectionery, North America Salty Snacks, and International. The company offers chocolate and non-chocolate confectionery products; gum and mint refreshment products, including mints, chewing gums, and bubble gums; protein bars; pantry items, such as baking ingredients, toppings, beverages, and sundae syrups; and snack items comprising spreads, bars, snack bites, mixes, popcorn, and pretzels. It provides its products primarily under the Hershey’s, Reese’s, Kisses, Jolly Rancher, Almond Joy, Brookside, barkTHINS, Cadbury, Good & Plenty, Heath, Kit Kat, Payday, Rolo, Twizzlers, Sour Strips, Whoppers, York, Ice Breakers, Breath Savers, Bubble Yum, Lily’s, SkinnyPop, Pirates Booty, Dot’s Homestyle Pretzels, and ONE Bar brands, as well as under the Pelon Pelo Rico, IO-IO, and Sofit brands. The company markets and sells its products to wholesale distributors, chain grocery stores, mass merchandisers, chain drug stores, vending companies, wholesale clubs, convenience stores, dollar stores, concessionaires, and department stores. It exports its products in approximately 65 countries worldwide. The Hershey Company was founded in 1894 and is based in Hershey, Pennsylvania.

Latest Food Products and Conagra Brands, Inc., The Hershey Company Stock News

As of September 2, 2026, Conagra Brands, Inc. had a $7.7 billion market capitalization, compared to the Food Products median of $1.7 million. Conagra Brands, Inc.’s stock is NA in 2026, NA in the previous five trading days and down 13.8% in the past year.

Currently, Conagra Brands, Inc. does not have a price-earnings ratio. Conagra Brands, Inc.’s trailing 12-month revenue is $11.3 billion with a -17.0% net profit margin. Year-over-year quarterly sales growth most recently was 3.6%. Analysts expect adjusted earnings to reach $1.446 per share for the current fiscal year. Conagra Brands, Inc. currently has a 4.3% dividend yield.

Currently, The Hershey Company’s price-earnings ratio is 24.2. The Hershey Company’s trailing 12-month revenue is $12.2 billion with a 12.2% net profit margin. Year-over-year quarterly sales growth most recently was 6.6%. Analysts expect adjusted earnings to reach $8.490 per share for the current fiscal year. The Hershey Company currently has a 3.3% dividend yield.

How We Compare Conagra Brands, Inc. and The Hershey Company Stock Grades

Stock evaluation requires access to huge amounts of data and the knowledge and time to sift through it all, make sense of financial ratios, read income statements and analyze recent stock movements. AAII created A+ Investor, a robust data suite that condenses data research in an actionable and customizable way suitable for investors of all knowledge levels, to help investors streamline and work through such data.

AAII’s proprietary stock grades come with A+ Investor. These offer intuitive A‐F grades for each of five key investing factors: value, growth, momentum, earnings estimate revisions and quality. Here, we’ll take a closer look at Conagra Brands, Inc. and The Hershey Company’s stock grades to see how they measure up against one another.

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Conagra Brands, Inc. and The Hershey Company Stock Value Grades

Company	Ticker	Value
Conagra Brands, Inc.	CAG	B
The Hershey Company	HSY	D

Successful stock investing involves buying low and selling high, so stock valuation is an important consideration for stock selection.

Buying stocks that are going to go up typically means buying stocks that are undervalued in the first place, although momentum investors may argue that point.

AAII’s A+ Investor Value Grade derives from a stock’s value score. The Value Score is the percentile rank of the average of the percentile ranks of the price-to-sales ratio, price-earnings ratio, enterprise-value-to-EBITDA (EV/EBITDA) ratio, shareholder yield, price-to-book-value ratio and price-to-free-cash-flow ratio. The score is variable, meaning it can consider all six ratios or, should any of the six ratios not be valid, the remaining ratios that are valid. To be assigned a Value Score, stocks must have a valid (non-null) ratio and corresponding ranking for at least two of the six valuation ratios.

Stocks with a Value Score from 81 to 100 are considered deep value, those with a score between 61 and 80 are a good value and so on.

Conagra Brands, Inc. has a Value Score of 79, which is Value. The Hershey Company has a Value Score of 30, which is Expensive.

The Value Stock Winner: Conagra Brands, Inc.

As you can clearly see from the Value Grade breakdown above, Conagra Brands, Inc. is considered to have better value than The Hershey Company. For investors who focus solely on a company’s valuation, Conagra Brands, Inc. could be a good stock to add to their portfolio. However, it’s important for investors to analyze multiple factors based on a wide range of metrics before deciding whether to buy.

Conagra Brands, Inc. and The Hershey Company’s Momentum Grades

Company	Ticker	Momentum
Conagra Brands, Inc.	CAG	C
The Hershey Company	HSY	D

Momentum grades help to uncover stocks experiencing anomalously high rates of return; research finds that stocks with high relative levels of momentum tend to outperform, whereas those with low levels of momentum tend to continue underperforming. Momentum is based on the price change of a stock over a specified period relative to all other stocks.

Typically, AAII looks at the weighted relative strength over the trailing four quarters. The weighted four-quarter relative strength rank is the relative price change for each of the past four quarters. The most recent quarterly price change is given a weight of 40% and each of the three previous quarters are given a weighting of 20%.

Conagra Brands, Inc. has a Momentum Score of 57, which is Average. The Hershey Company has a Momentum Score of 38, which is Weak.

The Momentum Stock Winner: No Clear Winner

Neither Conagra Brands, Inc. or The Hershey Company has a strong enough Momentum Grade to be considered a “winner.” Investors considering these companies should do additional due diligence and research to see if either could be a good addition to their portfolios. It’s important to look at a wide range of financial metrics in order to determine if Conagra Brands, Inc. or The Hershey Company is the better investment when it comes to momentum.

Conagra Brands, Inc. and The Hershey Company’s Estimate Revisions Grades

Company	Ticker	Earnings Estimate
Conagra Brands, Inc.	CAG	D
The Hershey Company	HSY	B

Earnings estimate revisions scores consider the magnitude of a company’s earnings surprise in its last two reported fiscal quarters. Often, positive surprises beget further positive surprises‐or at least continued sales growth (the exact opposite is generally true, too).

Estimate revisions offer an indication of what analysts are thinking about the short-term prospects of a firm. Estimate revisions are based on the statistical significance of a firm’s last two quarterly earnings surprises and the percentage change in its consensus estimate for the current fiscal year over the past month and past three months.

Conagra Brands, Inc. has a Earnings Estimate Score of 29, which is Negative. The Hershey Company has a Earnings Estimate Score of 68, which is Positive.

The Earnings Estimate Revisions Grade Winner: The Hershey Company

As you can clearly see from the Earnings Estimate Revisions Grade breakdown above, The Hershey Company has a better Earnings Estimate Revisions Grade than Conagra Brands, Inc.. For those who are specifically looking for companies with better short-term prospects when compared to other companies in the same industry, The Hershey Company could be a good stock to invest in. However, it’s important to analyze multiple factors based on a wide range of metrics before deciding whether to buy.

Other Conagra Brands, Inc. and The Hershey Company Grades

In addition to Estimate Revisions, Value and Momentum, A+ Investor also provides grades for Growth and Quality.

Growth investing builds on the idea that stocks of companies exhibiting strong, consistent and prolonged growth outperform those of slower-growth companies. AAII measures growth through consistency of annual sales growth, five-year sales growth rankings adjusted for extreme levels, and consistency of positive annual cash from operations.

AAII’s A+ Investor Quality Grade comes from the ranking of key metrics. Specifically, the quality grade is the percentile rank of the composite of return on assets (ROA), return on invested capital (ROIC), gross profit relative to assets, buyback yield, change in total liabilities to assets, accruals, Z double prime bankruptcy risk (Z) score and F-Score.

These 2 key factors, when combined with the above, provide a holistic view into a particular stock. Further, by joining A+ Investor you can see whether Conagra Brands, Inc. and The Hershey Company pass any of our 60+ stock screens that have outperformed the market since their creation.

So, Which Is the Better Investment, Conagra Brands, Inc. or The Hershey Company Stock?

Overall, Conagra Brands, Inc. stock has a Value Score of 79, Momentum Score of 57 and Estimate Revisions Score of 29.

The Hershey Company stock has a Value Score of 30, Momentum Score of 38 and Estimate Revisions Score of 68.

Comparing Conagra Brands, Inc. and The Hershey Company’s grades, scores and metrics can act as a solid basis to determine whether they may be a good investment or not. You’ll also want to look at your portfolio’s asset allocation as well as your risk tolerance and financial goals to see if either of these stocks would make a good fit for you. AAII can help you figure out which investments align with your individual needs and preferences.

Investors are encouraged to do their own due diligence and research. In this way, individuals can effectively become managers of their own assets‐without having to rely on others for financial independence. You can count on AAII for timeless articles on financial planning and stock-picking, unbiased research and actionable analysis.

A+ Investor adds to our qualitative teaching with a powerful data suite to help you whittle down investment choices to find stocks, exchange-traded funds (ETFs) or mutual funds that meet your needs.

AAII Disclaimer

We make no representations or warranties that any investor will, or is likely to, achieve profits similar to those shown, because past, hypothetical or simulated performance is not necessarily indicative of future results. Before making an investment decision, you should consider your circumstances and whether the information on our content is applicable to your situation. This information was prepared in good faith, and we accept no liability for any errors or omissions. The full disclaimer can be read here.