Conagra Brands, Inc. (NYSE:CAG) to Issue $0.28 Quarterly Dividend

Friday, April 16, 2021 | MarketBeat

Conagra Brands, Inc. (NYSE:CAG) announced a quarterly dividend on Friday, April 16th, RTT News reports. Investors of record on Friday, April 30th will be paid a dividend of 0.275 per share on Wednesday, June 2nd. This represents a $1.10 annualized dividend and a yield of 2.94%.

Conagra Brands has increased its dividend by 10.6% over the last three years and has increased its dividend every year for the last 1 years.

Shares of CAG stock traded down $0.19 during trading hours on Friday, hitting $37.39. The company had a trading volume of 56,010 shares, compared to its average volume of 4,022,547. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.83 and a quick ratio of 0.35. The stock has a market capitalization of $17.95 billion, a PE ratio of 16.56, a price-to-earnings-growth ratio of 1.86 and a beta of 0.86. The company's fifty day moving average is $36.72 and its 200 day moving average is $35.89. Conagra Brands has a fifty-two week low of $31.66 and a fifty-two week high of $39.34.

Conagra Brands (NYSE:CAG) last released its quarterly earnings results on Wednesday, April 7th. The company reported $0.59 EPS for the quarter, topping analysts' consensus estimates of $0.58 by $0.01. Conagra Brands had a return on equity of 16.50% and a net margin of 9.67%. The company had revenue of $2.77 billion for the quarter, compared to analysts' expectations of $2.72 billion. During the same period in the prior year, the firm earned $0.47 earnings per share. The firm's revenue was up 8.5% compared to the same quarter last year. Equities analysts forecast that Conagra Brands will post 2.6 earnings per share for the current year.

In other Conagra Brands news, COO Thomas M. Mcgough sold 24,340 shares of the firm's stock in a transaction on Tuesday, March 16th. The stock was sold at an average price of $37.50, for a total value of $912,750.00. Following the sale, the chief operating officer now directly owns 80,681 shares in the company, valued at $3,025,537.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Thomas M. Mcgough sold 45,660 shares of Conagra Brands stock in a transaction dated Friday, March 19th. The stock was sold at an average price of $37.55, for a total value of $1,714,533.00. Following the sale, the chief operating officer now directly owns 102,001 shares of the company's stock, valued at $3,830,137.55. The disclosure for this sale can be found here. 2.60% of the stock is owned by insiders.

Several research firms have weighed in on CAG. Zacks Investment Research raised Conagra Brands from a "sell" rating to a "hold" rating and set a $36.00 target price for the company in a research report on Monday, January 11th. Royal Bank of Canada lifted their price objective on shares of Conagra Brands from $37.00 to $38.00 in a report on Friday, April 9th. Jefferies Financial Group initiated coverage on shares of Conagra Brands in a report on Friday, January 8th. They set a "buy" rating and a $41.00 target price on the stock. Finally, Credit Suisse Group boosted their price target on shares of Conagra Brands from $33.00 to $34.00 and gave the stock an "underperform" rating in a research note on Monday, March 29th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. The company has an average rating of "Hold" and a consensus price target of $36.88.

About Conagra Brands

Conagra Brands, Inc, together with its subsidiaries, operates as a consumer packaged goods food company in North America. The company operates through Grocery & Snacks, Refrigerated & Frozen, International, and Foodservice segments. The Grocery & Snacks segment primarily offers shelf stable food products in various retail channels in the United States.

Recommended Story: What are municipal bonds?

Dividend History for Conagra Brands (NYSE:CAG)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Featured Article: Preferred Stock

7 Undervalued Stocks That Deserve More Attention

With the Dow Jones Industrial Average (DJIA) hitting new highs seemingly every day, it may seem like the wrong time to be looking at undervalued stocks. Or is it?

From cannabis to cryptocurrencies, and let’s not forget electric vehicles the market seems to be blowing bubbles wherever you look. And that’s why now may be exactly the right time to zig while the market is sagging. And that means looking for undervalued stocks.

But finding undervalued stocks is subjective. Some analysts use specific fundamental metrics. Others use technical analysis.

However, the general idea is that you’re looking for stocks that are trading below their fair value.

In some cases, these may be stocks whose financials are stronger than other stocks in their sector, but it’s trading at a lower price. In other cases, a company may have potential that is not reflected in its stock price. Put another way, undervalued stocks are stocks that have room to grow. That’s why they deserve a place in your portfolio.

And that’s why we’ve put together this special presentation on stocks that are undervalued right at this time. An investment in these companies is likely to be rewarded because the stocks are moving under the radar from the broader market.

View the "7 Undervalued Stocks That Deserve More Attention".

MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more.

MarketBeat is accredited by the Better Business Bureau

© American Consumer News, LLC dba MarketBeat® 2010-2021. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | U.S. Based Support Team at [email protected] | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security. Learn more.

Our Accessibility Statement | Terms of Service | Do Not Sell My Information

© 2021 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see disclaimer. Fundamental company data provided by Zacks Investment Research. As a bonus to opt-ing into our email newsletters, you will also get a free subscription to the Liberty Through Wealth e-newsletter. You can opt out at any time.