Conagra Brands, Inc. (NYSE:CAG - Free Report) - Investment analysts at Zacks Research increased their FY2024 EPS estimates for shares of Conagra Brands in a research note issued on Thursday, April 18th. Zacks Research analyst V. Bagree now expects that the company will post earnings of $2.62 per share for the year, up from their prior forecast of $2.60. The consensus estimate for Conagra Brands' current full-year earnings is $2.62 per share. Zacks Research also issued estimates for Conagra Brands' Q4 2024 earnings at $0.56 EPS, Q1 2025 earnings at $0.64 EPS, Q2 2025 earnings at $0.72 EPS, Q3 2025 earnings at $0.68 EPS, FY2025 earnings at $2.68 EPS, Q1 2026 earnings at $0.68 EPS, Q2 2026 earnings at $0.72 EPS, Q3 2026 earnings at $0.70 EPS and FY2026 earnings at $2.80 EPS.
A number of other equities research analysts also recently issued reports on CAG. Citigroup boosted their price objective on shares of Conagra Brands from $30.00 to $32.00 and gave the company a "neutral" rating in a research report on Friday, April 5th. Barclays upped their target price on shares of Conagra Brands from $31.00 to $34.00 and gave the stock an "overweight" rating in a report on Monday, April 8th. Stifel Nicolaus upped their target price on shares of Conagra Brands from $29.00 to $32.00 and gave the stock a "hold" rating in a report on Friday, April 5th. Wells Fargo & Company upped their target price on shares of Conagra Brands from $30.00 to $32.00 and gave the stock an "equal weight" rating in a report on Friday, April 5th. Finally, Royal Bank of Canada dropped their target price on shares of Conagra Brands from $32.00 to $30.00 and set a "sector perform" rating for the company in a report on Wednesday, January 3rd. Ten analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $33.14.
Check Out Our Latest Stock Report on Conagra Brands
Conagra Brands Stock Performance
Shares of CAG stock traded up $0.27 during mid-day trading on Friday, reaching $30.63. 4,850,697 shares of the company's stock traded hands, compared to its average volume of 5,107,159. Conagra Brands has a 12 month low of $25.16 and a 12 month high of $38.73. The firm has a 50 day moving average price of $28.83 and a two-hundred day moving average price of $28.51. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.33 and a current ratio of 0.95. The firm has a market capitalization of $14.64 billion, a PE ratio of 15.39, a price-to-earnings-growth ratio of 3.04 and a beta of 0.42.
Conagra Brands (NYSE:CAG - Get Free Report) last issued its quarterly earnings data on Thursday, April 4th. The company reported $0.69 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.64 by $0.05. Conagra Brands had a net margin of 7.86% and a return on equity of 14.25%. The firm had revenue of $3.03 billion during the quarter, compared to the consensus estimate of $3.01 billion. During the same quarter in the previous year, the firm posted $0.76 EPS. The company's revenue for the quarter was down 1.7% compared to the same quarter last year.
Conagra Brands Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, May 30th. Shareholders of record on Tuesday, April 30th will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 4.57%. The ex-dividend date of this dividend is Monday, April 29th. Conagra Brands's dividend payout ratio is presently 70.35%.
Hedge Funds Weigh In On Conagra Brands
Institutional investors have recently added to or reduced their stakes in the company. First United Bank & Trust purchased a new position in Conagra Brands during the 4th quarter valued at approximately $26,000. Naples Money Management LLC purchased a new position in Conagra Brands during the 4th quarter valued at approximately $26,000. Clear Street Markets LLC grew its holdings in Conagra Brands by 93.2% during the 1st quarter. Clear Street Markets LLC now owns 935 shares of the company's stock valued at $35,000 after buying an additional 451 shares in the last quarter. Riverview Trust Co grew its holdings in Conagra Brands by 132.8% during the 3rd quarter. Riverview Trust Co now owns 945 shares of the company's stock valued at $26,000 after buying an additional 539 shares in the last quarter. Finally, Thompson Investment Management Inc. boosted its holdings in shares of Conagra Brands by 100.0% in the 3rd quarter. Thompson Investment Management Inc. now owns 1,000 shares of the company's stock worth $27,000 after purchasing an additional 500 shares during the period. Hedge funds and other institutional investors own 83.75% of the company's stock.
About Conagra Brands
(
Get Free Report)
Conagra Brands, Inc, together with its subsidiaries, operates as a consumer packaged goods food company primarily in the United States. The company operates through Grocery & Snacks, Refrigerated & Frozen, International, and Foodservice segments. The Grocery & Snacks segment primarily offers shelf stable food products through various retail channels.
See Also
Before you consider Conagra Brands, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Conagra Brands wasn't on the list.
While Conagra Brands currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
