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

$28.96
+0.60 (+2.12%)
(As of 12/4/2023 ET)
Compare
Today's Range
$28.30
$29.07
50-Day Range
$26.00
$28.49
52-Week Range
$25.16
$41.30
Volume
3.76 million shs
Average Volume
4.28 million shs
Market Capitalization
$13.84 billion
P/E Ratio
12.87
Dividend Yield
4.83%
Price Target
$34.15

Conagra Brands MarketRank™ Stock Analysis

Analyst Rating
Hold
2.27 Rating Score
Upside/​Downside
17.9% Upside
$34.15 Price Target
Short Interest
Healthy
2.28% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-2.29
Upright™ Environmental Score
News Sentiment
0.58mentions of Conagra Brands in the last 14 days
Based on 8 Articles This Week
Insider Trading
Acquiring Shares
$252,290 Bought Last Quarter
Proj. Earnings Growth
2.61%
From $2.68 to $2.75 Per Share

Overall MarketRank

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

2.79 out of 5 stars

Consumer Staples Sector

16th out of 134 stocks

Food & Kindred Products Industry

1st out of 16 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

3 undervalued food stocks to be grateful for this holiday season
With inflation subsiding and interest rates potentially soon to follow, 2024 could be a very strong year for value stocks.
New CBOE “special perk” helps traders target income every weekend
You might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange.
Analyzing Tingo Group (NASDAQ:TIO) & Conagra Brands (NYSE:CAG)
Why Conagra Is A Top-Tier Value Play For 2024 And Beyond
New CBOE “special perk” helps traders target income every weekend
You might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange.
Conagra: A Dividend Play With Reasonable Valuations
Conagra Brands Shares Cross 5% Yield Mark
Conagra Brands Inc's Dividend Analysis
See More Headlines
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Company Calendar

Last Earnings
10/05/2023
Ex-Dividend for 11/30 Dividend
11/01/2023
Dividend Payable
11/30/2023
Today
12/04/2023
Next Earnings (Estimated)
1/04/2024
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
$34.15
High Stock Price Target
$42.00
Low Stock Price Target
$28.00
Potential Upside/Downside
+17.9%
Consensus Rating
Hold
Rating Score (0-4)
2.27
Research Coverage
11 Analysts

Profitability

Net Income
$683.60 million
Pretax Margin
9.65%

Debt

Sales & Book Value

Annual Sales
$12.28 billion
Cash Flow
$3.64 per share
Book Value
$18.46 per share

Miscellaneous

Free Float
473,762,000
Market Cap
$13.84 billion
Optionable
Optionable
Beta
0.61

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CAG Stock Analysis - Frequently Asked Questions

Should I buy or sell Conagra Brands stock right now?

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.
View CAG analyst ratings
or view top-rated stocks.

What is Conagra Brands' stock price target for 2024?

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.
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 beginning of the year. Since then, CAG shares have decreased by 25.2% and is now trading at $28.96.
View the best growth stocks for 2023 here
.

Are investors shorting Conagra Brands?

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
.

When is Conagra Brands' next earnings date?

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

How were Conagra Brands' earnings last quarter?

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.
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 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
.

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 4.94%. 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.

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

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 -.

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 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
.

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.

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 12/4/2023 by MarketBeat.com Staff

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