CAG

Conagra Brands, Inc.

DOUBTFUL

Score: 38/100

stock

Is CAG Halal?

Packaged food conglomerate — permissible food business but significant non-halal meat and pork exposure plus elevated leverage.

What You Should Know

Conagra Brands is a US packaged-food company with a portfolio that includes Healthy Choice, Marie Callender's, Banquet, Hunt's, Slim Jim, Birds Eye, Reddi-wip, Duncan Hines, Orville Redenbacher's, and many others. The packaged-food business is permissible at the activity level. The Sharia concerns are twofold. First, a meaningful share of revenue is tied to pork-containing and non-halal meat products — Slim Jim is a pork-and-beef meat-snack brand, Banquet frozen meals include pork and non-halal meats, Hebrew National (sold in 2014 but legacy meat exposure remains via Banquet and other frozen-meal brands) and other Conagra brands include non-halal animal products. Second, debt from the 2018 Pinnacle Foods acquisition pushed the debt-to-market-cap ratio above the 33% Sharia threshold for an extended period, and the company has been deleveraging more slowly than some peers. Both screens push CAG toward doubtful or non-compliant at most major Sharia advisory boards.

⚠️ Concerns

•Meaningful revenue share from pork and non-halal meat products (Slim Jim, Banquet, other meat-containing brands)
•Debt from the Pinnacle Foods acquisition has historically sat above the 33% Sharia threshold (verify current ratio)
•Alcohol used as an ingredient in some sauces and cooking products
•Minor interest income on cash reserves
•Strict Sharia advisory boards classify packaged-food companies with material pork exposure as non-compliant on the qualitative screen