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NYSE:CAG

Conagra Brands (CAG) Stock Price, News & Analysis

$30.76
-0.03 (-0.10%)
(As of 05/22/2024 ET)
Today's Range
$30.35
$30.78
50-Day Range
$27.90
$31.56
52-Week Range
$25.16
$35.60
Volume
3.12 million shs
Average Volume
3.92 million shs
Market Capitalization
$14.71 billion
P/E Ratio
15.46
Dividend Yield
4.55%
Price Target
$33.14

Conagra Brands MarketRank™ Stock Analysis

Analyst Rating
Hold
2.10 Rating Score
Upside/​Downside
7.7% Upside
$33.14 Price Target
Short Interest
Healthy
2.85% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-2.29
Upright™ Environmental Score
News Sentiment
1.22mentions of Conagra Brands in the last 14 days
Based on 8 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
2.67%
From $2.62 to $2.69 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.

3.55 out of 5 stars

Consumer Staples Sector

59th out of 131 stocks

Food & Kindred Products Industry

6th out of 12 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

5 Best Cookies and Crackers Stocks to Buy
3 Small-Cap Stocks Expected to Explode by 2029
Conagra to Close Wisconsin Plant, Lay Off Over 250
See More Headlines
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Company Calendar

Ex-Dividend for 2/29 Dividend
1/29/2024
Dividend Payable
2/29/2024
Last Earnings
4/04/2024
Ex-Dividend for 5/30 Dividend
4/29/2024
Today
5/23/2024
Dividend Payable
5/30/2024
Fiscal Year End
5/31/2024
Next Earnings (Estimated)
7/11/2024

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
$33.14
High Stock Price Target
$40.00
Low Stock Price Target
$28.00
Potential Upside/Downside
+7.7%
Consensus Rating
Hold
Rating Score (0-4)
2.10
Research Coverage
10 Analysts

Profitability

Net Income
$683.60 million
Pretax Margin
8.55%

Debt

Sales & Book Value

Annual Sales
$12.12 billion
Cash Flow
$3.57 per share
Book Value
$18.46 per share

Miscellaneous

Free Float
473,856,000
Market Cap
$14.71 billion
Optionable
Optionable
Beta
0.38

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CAG Stock Analysis - Frequently Asked Questions

Should I buy or sell Conagra Brands stock right now?

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Conagra Brands in the last year. There are currently 9 hold ratings and 1 buy rating 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?

10 Wall Street analysts have issued twelve-month price targets for Conagra Brands' shares. Their CAG share price targets range from $28.00 to $40.00. On average, they anticipate the company's share price to reach $33.14 in the next twelve months. This suggests a possible upside of 7.7% 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 shares have increased by 7.3% and is now trading at $30.76.
View the best growth stocks for 2024 here
.

Are investors shorting Conagra Brands?

Conagra Brands saw a increase in short interest during the month of April. As of April 30th, there was short interest totaling 13,560,000 shares, an increase of 5.8% from the April 15th total of 12,820,000 shares. Based on an average daily trading volume, of 4,660,000 shares, the short-interest ratio is presently 2.9 days. Approximately 2.9% of the company's 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 Thursday, July 11th 2024.
View our CAG earnings forecast
.

How were Conagra Brands' earnings last quarter?

Conagra Brands, Inc. (NYSE:CAG) released its quarterly earnings data on Thursday, April, 4th. The company reported $0.69 EPS for the quarter, beating analysts' consensus estimates of $0.64 by $0.05. The company had revenue of $3.03 billion for the quarter, compared to analyst estimates of $3.01 billion. Conagra Brands had a trailing twelve-month return on equity of 14.25% and a net margin of 7.86%. The business's revenue was down 1.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.76 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, April 11th. Shareholders of record on Tuesday, April 30th will be given a dividend of $0.35 per share on Thursday, May 30th. This represents a $1.40 annualized dividend and a dividend yield of 4.55%. The ex-dividend date of this dividend is Monday, April 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 4.56%. 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 70.35%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CAG will have a dividend payout ratio of 52.04% 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 issued an update on its FY 2024 earnings guidance on Thursday, April, 4th. The company provided earnings per share (EPS) guidance of 2.600-2.650 for the period, compared to the consensus earnings per share estimate of 2.650. 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).

Who are Conagra Brands' major shareholders?

Conagra Brands' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (11.92%), Price T Rowe Associates Inc. MD (4.94%), Nordea Investment Management AB (2.35%), LSV Asset Management (1.62%), Bank of New York Mellon Corp (1.04%) and Coho Partners Ltd. (0.64%). Insiders that own company stock include Carey Bartell, Charisse Brock, Colleen Batcheler, Darren Serrao, Emanuel Chirico, Richard H Lenny, Richard H Lenny, Robert G Wise 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.
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This page (NYSE:CAG) was last updated on 5/23/2024 by MarketBeat.com Staff

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