NYSE:CAG - Conagra Brands Stock Price, News, & Analysis

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$37.48 +0.30 (+0.81 %)
(As of 08/19/2018 03:29 PM ET)
Previous Close$37.48
Today's Range$36.97 - $37.62
52-Week Range$32.16 - $39.43
Volume6.33 million shs
Average Volume3.81 million shs
Market Capitalization$14.35 billion
P/E Ratio17.76
Dividend Yield2.29%
Beta0.31
Conagra Brands logoConagra Brands, Inc., together with its subsidiaries, operates as a 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. The Refrigerated & Frozen segment provides temperature controlled food products in various retail channels in the United States. The International reporting segment offers food products in various temperature states in retail and foodservice channels outside of the United States. The Foodservice segment offers food products, including meals, entrees, sauces, and various custom-manufactured culinary products packaged for sale to restaurants and other foodservice establishments in the United States. Conagra Brands, Inc. sells its products under the Marie Callender's, Reddi-wip, Hunt's, Healthy Choice, Slim Jim, Orville Redenbacher's, Alexia, Angie's BOOMCHICKAPOP, Blake's, Duke's, Frontera, Banquet, Chef Boyardee, and BIGS brand names. The company was formerly known as ConAgra Foods, Inc. and changed its name to Conagra Brands, Inc. in November 2016. Conagra Brands, Inc. was founded in 1919 and is headquartered in Chicago, Illinois.

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Industry, Sector and Symbol

Stock Exchange NYSE
Industry Food & kindred products
Sub-IndustryPackaged Foods & Meats
SectorConsumer Staples
SymbolNYSE:CAG
CUSIP20588710
Phone312-549-5000

Debt

Debt-to-Equity Ratio0.86
Current Ratio0.83
Quick Ratio0.40

Price-To-Earnings

Trailing P/E Ratio17.76
Forward P/E Ratio16.66
P/E Growth2.04

Sales & Book Value

Annual Sales$7.94 billion
Price / Sales1.85
Cash Flow$2.9167 per share
Price / Cash12.85
Book Value$9.61 per share
Price / Book3.90

Profitability

EPS (Most Recent Fiscal Year)$2.11
Net Income$808.40 million
Net Margins10.18%
Return on Equity22.54%
Return on Assets8.28%

Miscellaneous

Employees12,400
Outstanding Shares391,640,000
Market Cap$14.35 billion

Conagra Brands (NYSE:CAG) Frequently Asked Questions

What is Conagra Brands' stock symbol?

Conagra Brands trades on the New York Stock Exchange (NYSE) under the ticker symbol "CAG."

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

Conagra Brands announced a quarterly dividend on Wednesday, July 18th. Investors of record on Tuesday, July 31st will be paid a dividend of $0.2125 per share on Thursday, August 30th. This represents a $0.85 annualized dividend and a dividend yield of 2.27%. The ex-dividend date is Monday, July 30th. View Conagra Brands' Dividend History.

How will Conagra Brands' stock buyback program work?

Conagra Brands declared that its Board of Directors has initiated a stock repurchase program on Friday, June 30th 2017, which permits the company to repurchase $1,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to repurchase up to 6.5% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company's management believes its shares are undervalued.

How were Conagra Brands' earnings last quarter?

Conagra Brands Inc (NYSE:CAG) released its quarterly earnings data on Wednesday, June, 27th. The company reported $0.50 EPS for the quarter, topping the Zacks' consensus estimate of $0.43 by $0.07. The business earned $1.97 billion during the quarter, compared to analysts' expectations of $1.93 billion. Conagra Brands had a net margin of 10.18% and a return on equity of 22.54%. Conagra Brands's quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.37 earnings per share. View Conagra Brands' Earnings History.

When is Conagra Brands' next earnings date?

Conagra Brands is scheduled to release their next quarterly earnings announcement on Thursday, September, 27th 2018. View Earnings Estimates for Conagra Brands.

What price target have analysts set for CAG?

9 brokerages have issued 1-year price objectives for Conagra Brands' stock. Their predictions range from $39.00 to $46.00. On average, they expect Conagra Brands' share price to reach $42.25 in the next year. This suggests a possible upside of 12.7% from the stock's current price. View Analyst Price Targets for Conagra Brands.

What is the consensus analysts' recommendation for Conagra Brands?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Conagra Brands in the last year. There are currently 3 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Conagra Brands.

What are Wall Street analysts saying about Conagra Brands stock?

Here are some recent quotes from research analysts about Conagra Brands stock:
  • 1. According to Zacks Investment Research, "Conagra is progressing well with its transformation plan, evident from its robust fourth-quarter fiscal 2018 results as well as its deal to buy Pinnacle Foods. Conagra’s earnings and sales grew year over year and topped estimates in the quarter. While earnings gained from lower costs and reduced taxes, sales were backed by buyouts and organic sales growth. Clearly, the company’s efforts to reshape business is working well, also evident from its latest buyout. Incidentally, Pinnacle Foods’ addition to Conagra will create a robust portfolio of leading, iconic brands, helping the combined entity become the second-largest player in the booming frozen foods space. The deal is also expected to boost earnings in fiscal 2020. However, Conagra’s shares have been declining, somewhat accountable to input cost inflation that is expected to persist in fiscal 2019, which is a threat to margins. Also, soft Foodservice sales is a worry." (6/29/2018)
  • 2. Jefferies Financial Group Inc analysts commented, "CAG’s 3Q EBIT was slightly below consensus & 2018 EBIT guidance was unchanged. Results/guidance is much better than feared especially considering the significant guide down by GIS yesterday. Sales were generally in-line despite greater than expected retailer inventory reductions, which is encouraging. Gross margins were lower than expected driven by higher input costs and growth-related investments both of which we view as transitory. FY18 EPS guidance raised and implies 4Q sales and EBIT above consensus. EPS guidance was raised to a range of $2.03 to $2.05 from a range of $1.95 to $2.02. Sales and margin guidance is unchanged and previous guidance already included the benefit from tax reform. Interest expense is coming in well below initial guidance and points to strong cash flow generation. Relative to consensus, new guidance implies 4Q18 sales 4% above, EBIT 2% above and EPS 18% above." (3/22/2018)

Are investors shorting Conagra Brands?

Conagra Brands saw a increase in short interest in the month of July. As of July 31st, there was short interest totalling 28,052,642 shares, an increase of 19.9% from the July 13th total of 23,391,659 shares. Based on an average daily volume of 5,274,949 shares, the days-to-cover ratio is currently 5.3 days. Approximately 7.2% of the shares of the company are sold short. View Conagra Brands' Current Options Chain.

Who are some of Conagra Brands' key competitors?

Who are Conagra Brands' key executives?

Conagra Brands' management team includes the folowing people:
  • Mr. Sean M. Connolly, Pres, CEO & Director (Age 53)
  • Mr. David S. Marberger, Exec. VP & CFO (Age 53)
  • Ms. Colleen R. Batcheler, Exec. VP, Gen. Counsel & Corp. Sec. (Age 44)
  • Mr. David B. Biegger, Exec. VP & Chief Supply Chain Officer (Age 59)
  • Mr. Thomas M. McGough, Pres of Operating Segments (Age 53)

Has Conagra Brands been receiving favorable news coverage?

Press coverage about CAG stock has trended somewhat positive this week, according to Accern Sentiment. The research group scores the sentiment of media coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Conagra Brands earned a daily sentiment score of 0.11 on Accern's scale. They also gave news coverage about the company an impact score of 46.87 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company's share price in the near term. View Recent Headlines for Conagra Brands.

Who are Conagra Brands' major shareholders?

Conagra Brands' stock is owned by a number of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (7.38%), American Century Companies Inc. (2.20%), Bank of New York Mellon Corp (1.86%), Macquarie Group Ltd. (1.16%), FMR LLC (1.07%) and Jennison Associates LLC (0.88%). Company insiders that own Conagra Brands stock include Colleen Batcheler, Joie A Gregor, Robert G Wise, Ruth Ann Marshall, Stephen G Butler and Steven F Goldstone. View Institutional Ownership Trends for Conagra Brands.

Which major investors are selling Conagra Brands stock?

CAG stock was sold by a variety of institutional investors in the last quarter, including American Century Companies Inc., Bank of New York Mellon Corp, Morgan Stanley, FMR LLC, BlackRock Inc., Assenagon Asset Management S.A., Russell Investments Group Ltd. and Stevens Capital Management LP. Company insiders that have sold Conagra Brands company stock in the last year include Colleen Batcheler, Joie A Gregor, Robert G Wise, Ruth Ann Marshall, Stephen G Butler and Steven F Goldstone. View Insider Buying and Selling for Conagra Brands.

Which major investors are buying Conagra Brands stock?

CAG stock was purchased by a variety of institutional investors in the last quarter, including Macquarie Group Ltd., Unigestion Holding SA, Teacher Retirement System of Texas, Marshall Wace LLP, BNP Paribas Arbitrage SA, Korea Investment CORP, TD Asset Management Inc. and NN Investment Partners Holdings N.V.. View Insider Buying and Selling for Conagra Brands.

How do I buy shares of Conagra Brands?

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

What is Conagra Brands' stock price today?

One share of CAG stock can currently be purchased for approximately $37.48.

How big of a company is Conagra Brands?

Conagra Brands has a market capitalization of $14.35 billion and generates $7.94 billion in revenue each year. The company earns $808.40 million in net income (profit) each year or $2.11 on an earnings per share basis. Conagra Brands employs 12,400 workers across the globe.

How can I contact Conagra Brands?

Conagra Brands' mailing address is 222 W. MERCHANDISE MART PLAZA SUITE 1300, CHICAGO IL, 60654. The company can be reached via phone at 312-549-5000 or via email at [email protected]


MarketBeat Community Rating for Conagra Brands (NYSE CAG)

Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  404 (Vote Outperform)
Underperform Votes:  470 (Vote Underperform)
Total Votes:  874
MarketBeat's community ratings are surveys of what our community members think about Conagra Brands and other stocks. Vote "Outperform" if you believe CAG will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CAG will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 8/19/2018 by MarketBeat.com Staff

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