Conagra Brands (CAG) Stock Forecast, Price & News

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.
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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.

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.
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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.

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 5th 2023.
View our CAG earnings forecast.

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.

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.

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.

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 (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.

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 -.

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

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.

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

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.

The company employs 18,600 workers across the globe.

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.