Conagra Brands Stock Price, News & Analysis (NYSE:CAG)

11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Conagra Brands in the last year. There are currently 8 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research 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.
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11 Wall Street analysts have issued 12 month target prices for Conagra Brands' stock. Their CAG share price targets range from $28.00 to $42.00. On average, they anticipate the company's share price to reach $34.15 in the next year. This suggests a possible upside of 17.9% from the stock's current price.
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Conagra Brands' stock was trading at $38.70 at the beginning of the year. Since then, CAG shares have decreased by 25.2% and is now trading at $28.96.
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Conagra Brands saw a increase in short interest in November. As of November 15th, there was short interest totaling 10,850,000 shares, an increase of 15.1% from the October 31st total of 9,430,000 shares. Based on an average trading volume of 4,310,000 shares, the short-interest ratio is currently 2.5 days. Approximately 2.3% of the shares of the stock are short sold.
View Conagra Brands' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, January 4th 2024.
View our CAG earnings forecast.

Conagra Brands, Inc. (NYSE:CAG) announced its earnings results on Thursday, October, 5th. The company reported $0.66 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.60 by $0.06. The business earned $2.90 billion during the quarter, compared to analyst estimates of $2.95 billion. Conagra Brands had a net margin of 8.80% and a trailing twelve-month return on equity of 15.49%. The firm's revenue for the quarter was up .0% on a year-over-year basis. During the same period last year, the business posted $0.57 EPS.
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Conagra Brands announced a quarterly dividend on Wednesday, October 4th. Shareholders of record on Thursday, November 2nd will be paid a dividend of $0.35 per share on Thursday, November 30th. This represents a $1.40 annualized dividend and a dividend yield of 4.83%. The ex-dividend date is Wednesday, November 1st.
Read our dividend analysis for CAG.

Conagra Brands (NYSE:CAG) pays an annual dividend of $1.40 per share and currently has a dividend yield of 4.94%. 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 62.22%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CAG will have a dividend payout ratio of 50.91% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CAG.

ETFs with the largest weight of Conagra Brands (NYSE:CAG) stock in their portfolio include First Trust Nasdaq Food & Beverage ETF (FTXG), Invesco Dorsey Wright Consumer Staples Momentum ETF (PSL), Invesco Food & Beverage ETF (PBJ), Invesco S&P 500 Equal Weight Consumer Staples ETF (RHS), Invesco S&P 500 Equal Weight Consumer Staples ETF (RSPS), First Trust Consumer Staples AlphaDEX Fund (FXG), USCF Dividend Income Fund (UDI) and AAM Bahl & Gaynor Small/Mid Cap Income Growth ETF (SMIG).

Conagra Brands updated its FY 2024 earnings guidance on Thursday, October, 5th. The company provided earnings per share (EPS) guidance of $2.70-$2.75 for the period, compared to the consensus estimate of $2.72. The company issued revenue guidance of -.

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.

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).

Conagra Brands' stock is owned by many different institutional and retail investors. Top institutional investors include American Century Companies Inc. (2.96%), Nordea Investment Management AB (2.94%), Invesco Ltd. (2.02%), LSV Asset Management (1.77%), Morgan Stanley (1.67%) and Federated Hermes Inc. (1.48%). 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.

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