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Conagra Brands (CAG) Stock Price, News & Analysis

$27.70
-0.08 (-0.29%)
(As of 03/4/2024 ET)
Today's Range
$27.46
$27.81
50-Day Range
$26.73
$29.69
52-Week Range
$25.16
$38.94
Volume
3.90 million shs
Average Volume
5.10 million shs
Market Capitalization
$13.24 billion
P/E Ratio
13.45
Dividend Yield
5.05%
Price Target
$32.87

Conagra Brands MarketRank™ Stock Analysis

Analyst Rating
Hold
2.15 Rating Score
Upside/​Downside
18.7% Upside
$32.87 Price Target
Short Interest
Healthy
1.76% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-2.29
Upright™ Environmental Score
News Sentiment
0.76mentions of Conagra Brands in the last 14 days
Based on 21 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
3.09%
From $2.59 to $2.67 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.64 out of 5 stars

Consumer Staples Sector

15th out of 139 stocks

Food & Kindred Products Industry

3rd out of 15 stocks


CAG stock logo

About Conagra Brands Stock (NYSE:CAG)

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. 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, Marie Callender's, Duncan Hines, Healthy Choice, Slim Jim, Reddi-wip, Angie's, BOOMCHICKAPOP, Duke's, Earth Balance, Gardein, and Frontera brands. The company was incorporated in 1919 and is headquartered in Chicago, Illinois.

CAG Stock Price History

CAG Stock News Headlines

Quad/Graphics is a benefactor of the advertising rebound
Quad/Graphics Inc. NYSE: QUAD is a global full-service marketing solutions firm for commercial clients in the retail, healthcare, financial services, publishing and consumer packaging industries. With over 15,000 employees, the industrial products sector company offers printing services that direct mailers, catalogs and publications to data and analytics, creative and content solutions.
Quad/Graphics is a benefactor of the advertising rebound (CAG)
Quad/Graphics Inc. (NYSE: QUAD) is a global full-service marketing solutions firm for commercial clients in the retail, healthcare, financial services, pu
Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
CAG Apr 2024 29.000 call
ConAgra Brands, Inc. Common Stock (CAG)
CAG Mar 2024 27.000 call
CAG Mar 2024 29.000 put
Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
Food Stocks Are Super Cheap, and Could Rally
3 Blue-Chip Stocks to Buy to Bolster Your Portfolio
Conagra Brands Inc CAG
CAG Mar 2024 50.000 call
Stocks Under Pressure from Tech Stocks and Nvidia
CAG Mar 2024 39.000 put
See More Headlines
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Company Calendar

Last Earnings
1/04/2024
Ex-Dividend for 2/29 Dividend
1/29/2024
Dividend Payable
2/29/2024
Today
3/04/2024
Next Earnings (Estimated)
4/03/2024
Fiscal Year End
5/31/2024

Industry, Sector and Symbol

Industry
Food & kindred products
Sub-Industry
Packaged Foods & Meats
CUSIP
20588710
Employees
18,600
Year Founded
1919

Price Target and Rating

Average Stock Price Target
$32.87
High Stock Price Target
$40.00
Low Stock Price Target
$28.00
Potential Upside/Downside
+18.7%
Consensus Rating
Hold
Rating Score (0-4)
2.15
Research Coverage
13 Analysts

Profitability

Net Income
$683.60 million
Pretax Margin
8.74%

Debt

Sales & Book Value

Annual Sales
$12.28 billion
Cash Flow
$3.56 per share
Book Value
$18.46 per share

Miscellaneous

Free Float
473,799,000
Market Cap
$13.24 billion
Optionable
Optionable
Beta
0.42

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CAG Stock Analysis - Frequently Asked Questions

Should I buy or sell Conagra Brands stock right now?

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Conagra Brands in the last twelve months. There are currently 11 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" CAG shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CAG, but not buy additional shares or sell existing shares.
View CAG analyst ratings
or view top-rated stocks.

What is Conagra Brands' stock price target for 2024?

13 brokers have issued 1 year target prices for Conagra Brands' shares. Their CAG share price targets range from $28.00 to $40.00. On average, they predict the company's stock price to reach $32.87 in the next year. This suggests a possible upside of 18.7% from the stock's current price.
View analysts price targets for CAG
or view top-rated stocks among Wall Street analysts.

How have CAG shares performed in 2024?

Conagra Brands' stock was trading at $28.66 at the start of the year. Since then, CAG stock has decreased by 3.3% and is now trading at $27.70.
View the best growth stocks for 2024 here
.

Are investors shorting Conagra Brands?

Conagra Brands saw a decline in short interest in the month of February. As of February 15th, there was short interest totaling 8,390,000 shares, a decline of 13.0% from the January 31st total of 9,640,000 shares. Based on an average daily volume of 4,700,000 shares, the short-interest ratio is currently 1.8 days. Currently, 1.8% of the shares of the stock are sold short.
View Conagra Brands' Short Interest
.

When is Conagra Brands' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 3rd 2024.
View our CAG earnings forecast
.

How were Conagra Brands' earnings last quarter?

Conagra Brands, Inc. (NYSE:CAG) released its quarterly earnings results on Thursday, January, 4th. The company reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.03. The business had revenue of $3.21 billion for the quarter, compared to the consensus estimate of $3.23 billion. Conagra Brands had a net margin of 8.09% and a trailing twelve-month return on equity of 14.78%. Conagra Brands's quarterly revenue was down 3.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.81 earnings per share.
Read the conference call transcript
.

How often does Conagra Brands pay dividends? What is the dividend yield for Conagra Brands?

Conagra Brands declared a quarterly dividend on Thursday, December 14th. Investors of record on Tuesday, January 30th will be paid a dividend of $0.35 per share on Thursday, February 29th. This represents a $1.40 annualized dividend and a dividend yield of 5.05%. The ex-dividend date is Monday, January 29th.
Read our dividend analysis for CAG
.

Is Conagra Brands a good dividend stock?

Conagra Brands (NYSE:CAG) pays an annual dividend of $1.40 per share and currently has a dividend yield of 5.04%. CAG has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 4 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 67.96%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CAG will have a dividend payout ratio of 52.43% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CAG.

What guidance has Conagra Brands issued on next quarter's earnings?

Conagra Brands updated its FY24 earnings guidance on Thursday, January, 4th. The company provided earnings per share guidance of $2.60-2.65 for the period, compared to the consensus estimate of $2.68.

What is Sean Connolly's approval rating as Conagra Brands' CEO?

381 employees have rated Conagra Brands Chief Executive Officer Sean Connolly on Glassdoor.com. Sean Connolly has an approval rating of 83% among the company's employees.

What other stocks do shareholders of Conagra Brands own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Conagra Brands investors own include Johnson & Johnson (JNJ), Pfizer (PFE), Intel (INTC), AT&T (T), Walt Disney (DIS), Cisco Systems (CSCO), NVIDIA (NVDA), Procter & Gamble (PG), General Electric (GE) and Verizon Communications (VZ).

Who are Conagra Brands' major shareholders?

Conagra Brands' stock is owned by many different institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (12.01%), Price T Rowe Associates Inc. MD (5.14%), Nordea Investment Management AB (2.78%), Federated Hermes Inc. (1.76%), LSV Asset Management (1.73%) and Northern Trust Corp (1.21%). Insiders that own company stock include Carey Bartell, Charisse Brock, Colleen Batcheler, Darren Serrao, Emanuel Chirico, Jana Partners Llc, Richard H Lenny, Richard H Lenny, Robert G Wise, Thomas K Brown and Thomas M Mcgough.
View institutional ownership trends
.

How do I buy shares of Conagra Brands?

Shares of CAG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does Conagra Brands have any subsidiaries?
The following companies are subsidiares of Conagra Brands: Agro Tech Foods, Alexia Foods, American Pie - Assets, Angie's Artisan Treats, Angie's Artisan Treats LLC, Bertolli, Blake's All Natural Foods, Capitol Milling Co., ConAgra Foods AM Holdings LP, ConAgra Foods Enterprise Services Inc., ConAgra Foods Packaged Foods LLC, ConAgra Foods RDM Inc., ConAgra Foods Sales LLC, ConAgra Funding LLC, Conagra Brands Canada Inc., Conagra G&S (CAG) LLC, Conagra G&S (PF) LLC, Conagra R&F (PF) LLC, Del Monte Canada, Egg Beaters, Elan Nutrition, Fernando's Foods Corporation, Frontera Foods, GoodMark Foods, Holly Ridge Foods Inc., International Home Foods, Lightlife Foods, Lincoln Snacks, Litton Industries - Emerge, National Pretzel Company, Odom's Tennessee Pride, Pinnacle Foods, Ralcorp, Sandwich Bros. of Wisconsin, Saroni Sugar & Rice, Signature Foods, TaiMei Potato, Thanasi Foods, Twin City Foods - Assets, and Watts Brothers.
Read More
This page (NYSE:CAG) was last updated on 3/4/2024 by MarketBeat.com Staff