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Conagra Brands (CAG) Stock Forecast, Price & News

$28.83
-0.20 (-0.69%)
(As of 09:57 AM ET)
Compare
Today's Range
$28.80
$29.07
50-Day Range
$28.57
$33.33
52-Week Range
$28.35
$41.30
Volume
252,356 shs
Average Volume
4.21 million shs
Market Capitalization
$13.75 billion
P/E Ratio
20.30
Dividend Yield
4.86%
Price Target
$37.62

Conagra Brands MarketRank™ Forecast

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
29.8% Upside
$37.62 Price Target
Short Interest
Healthy
2.78% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-2.29
Upright™ Environmental Score
News Sentiment
0.77mentions of Conagra Brands in the last 14 days
Based on 11 Articles This Week
Insider Trading
Selling Shares
$2.50 M Sold Last Quarter
Proj. Earnings Growth
4.06%
From $2.71 to $2.82 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.88 out of 5 stars

Consumer Staples Sector

8th out of 133 stocks

Food & Kindred Products Industry

1st out of 16 stocks


CAG stock logo

About Conagra Brands (NYSE:CAG) Stock

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 Price History

CAG Stock News Headlines

Hostess Acquisition, 3.3% Dividend Make J.M. Smucker a Sweet Deal (CAG)
In light of a market overreaction, patient value investors have a tasty opportunity in J.M. Smucker stock following the company's acquisition of Hostess.
Better Than Oil Stocks?
The best way to profit from energy is NOT a stock...Rather, it's this little-known alternative investment.
Better Than Oil Stocks?
The best way to profit from energy is NOT a stock...Rather, it's this little-known alternative investment.
Conagra Brands: The Parts Are Worth More Than The Whole
Conagra: Growing Dividends And Market Share
See More Headlines
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CAG Company Calendar

Last Earnings
7/13/2023
Ex-Dividend for 8/31 Dividend
7/28/2023
Dividend Payable
8/31/2023
Today
9/22/2023
Next Earnings (Confirmed)
10/05/2023
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 Forecast
$37.62
High Stock Price Forecast
$42.00
Low Stock Price Forecast
$32.00
Forecasted Upside/Downside
+29.6%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
12 Analysts

Profitability

Net Income
$683.60 million
Pretax Margin
5.62%

Debt

Sales & Book Value

Annual Sales
$12.28 billion
Cash Flow
$3.58 per share
Book Value
$18.46 per share

Miscellaneous

Free Float
472,825,000
Market Cap
$13.85 billion
Optionable
Optionable
Beta
0.55

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Key Executives

  • Mr. Sean M. Connolly (Age 58)
    Pres, CEO & Director
    Comp: $4.28M
  • Mr. David S. Marberger (Age 58)
    Exec. VP & CFO
    Comp: $1.79M
  • Mr. Thomas M. McGoughMr. Thomas M. McGough (Age 58)
    Co-COO & Exec. VP
    Comp: $1.69M
  • Mr. Darren C. SerraoMr. Darren C. Serrao (Age 56)
    Co-COO & Exec. VP
    Comp: $1.32M
  • Ms. Charisse  BrockMs. Charisse Brock (Age 61)
    Exec. VP & Chief HR Officer
    Comp: $987.29k
  • Mr. William Eric Johnson (Age 41)
    Sr. VP, Corp. Controller & Principal Accounting Officer
  • Ms. Tracy Schaefer
    Sr. VP & Chief Information Officer
  • Ms. Melissa Napier
    Sr. VP of Investor Relation
  • Ms. Carey L. BartellMs. Carey L. Bartell (Age 49)
    Exec. VP, Gen. Counsel & Corp. Sec.
  • Mr. Jonathan J. Harris (Age 55)
    Exec. VP and Chief Communications & Networking Officer













CAG Stock - Frequently Asked Questions

Should I buy or sell Conagra Brands stock right now?

12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Conagra Brands in the last twelve months. There are currently 8 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities 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.
View CAG analyst ratings
or view top-rated stocks.

What is Conagra Brands' stock price forecast for 2023?

12 equities research analysts have issued 1 year price objectives for Conagra Brands' shares. Their CAG share price forecasts range from $32.00 to $42.00. On average, they expect the company's share price to reach $37.62 in the next year. This suggests a possible upside of 29.6% 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 2023?

Conagra Brands' stock was trading at $38.70 at the start of the year. Since then, CAG shares have decreased by 25.0% and is now trading at $29.03.
View the best growth stocks for 2023 here
.

Are investors shorting Conagra Brands?

Conagra Brands saw a decrease in short interest in August. As of August 31st, there was short interest totaling 13,210,000 shares, a decrease of 13.6% from the August 15th total of 15,290,000 shares. Based on an average trading volume of 3,890,000 shares, the short-interest ratio is currently 3.4 days. Approximately 2.8% of the company's shares 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 Thursday, October 5th 2023.
View our CAG earnings forecast
.

How can I listen to Conagra Brands' earnings call?

Conagra Brands will be holding an earnings conference call on Thursday, October 5th at 9:30 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Conagra Brands' earnings last quarter?

Conagra Brands, Inc. (NYSE:CAG) issued its quarterly earnings results on Thursday, July, 13th. The company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.60 by $0.02. The company had revenue of $2.97 billion for the quarter, compared to analysts' expectations of $3 billion. Conagra Brands had a trailing twelve-month return on equity of 15.19% and a net margin of 5.57%. The company's revenue was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.65 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 announced a quarterly dividend on Thursday, July 13th. Shareholders of record on Monday, July 31st will be given a dividend of $0.35 per share on Thursday, August 31st. This represents a $1.40 dividend on an annualized basis and a yield of 4.82%. The ex-dividend date of this dividend is Friday, July 28th. This is a boost from the stock's previous quarterly dividend of $0.33.
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 4.88%. 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 98.59%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, CAG will have a dividend payout ratio of 49.65% 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 FY 2024 earnings guidance on Friday, July, 14th. The company provided earnings per share (EPS) guidance of $2.70-$2.75 for the period, compared to the consensus EPS estimate of $2.85. The company issued revenue guidance of -.

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).

What is Conagra Brands' stock symbol?

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

Who are Conagra Brands' major shareholders?

Conagra Brands' stock is owned by many different retail and institutional investors. Top institutional investors include BlackRock Inc. (9.23%), State Street Corp (5.07%), Nordea Investment Management AB (3.09%), Geode Capital Management LLC (2.11%), LSV Asset Management (1.85%) 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, 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Conagra Brands' stock price today?

One share of CAG stock can currently be purchased for approximately $29.03.

How much money does Conagra Brands make?

Conagra Brands (NYSE:CAG) has a market capitalization of $13.85 billion and generates $12.28 billion in revenue each year. The company earns $683.60 million in net income (profit) each year or $1.42 on an earnings per share basis.

How many employees does Conagra Brands have?

The company employs 18,600 workers across the globe.

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
How can I contact Conagra Brands?

Conagra Brands' mailing address is 222 W. MERCHANDISE MART PLAZA SUITE 1300, CHICAGO IL, 60654. The official website for the company is www.conagrabrands.com. The company can be reached via phone at (312) 549-5000, via email at ir@conagra.com, or via fax at 402-595-4709.

This page (NYSE:CAG) was last updated on 9/22/2023 by MarketBeat.com Staff

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