NYSE:CAGConagra Brands Stock Price, Forecast & News

Conagra Brands' stock was trading at $26.81 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, CAG shares have increased by 16.4% and is now trading at $31.21. View which stocks have been mosted impacted by Coronavirus.

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Conagra Brands in the last year. There are currently 8 hold ratings, 8 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Conagra Brands.

Conagra Brands is scheduled to release its next quarterly earnings announcement on Thursday, June 25th 2020. View our earnings forecast for Conagra Brands.

Conagra Brands Inc (NYSE:CAG) released its quarterly earnings data on Tuesday, March, 31st. The company reported $0.47 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.49 by $0.02. The business had revenue of $2.56 billion for the quarter, compared to analysts' expectations of $2.59 billion. Conagra Brands had a return on equity of 12.08% and a net margin of 7.37%. The company's quarterly revenue was down 5.6% on a year-over-year basis. During the same period last year, the firm earned $0.51 earnings per share. View Conagra Brands' earnings history.

Conagra Brands announced a quarterly dividend on Tuesday, December 10th. Shareholders of record on Friday, January 31st will be given a dividend of $0.2125 per share on Tuesday, March 3rd. This represents a $0.85 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date is Thursday, January 30th. View Conagra Brands' dividend history.

Conagra Brands issued an update on its FY 2020 Pre-Market earnings guidance on Tuesday, March, 31st. The company provided earnings per share guidance of 2.07 for the period, compared to the Thomson Reuters consensus estimate of $2.05. The company issued revenue guidance of $10.54 billion, compared to the consensus revenue estimate of $10.55 billion.

17 equities research analysts have issued twelve-month price objectives for Conagra Brands' stock. Their forecasts range from $27.00 to $39.00. On average, they expect Conagra Brands' share price to reach $32.94 in the next year. This suggests a possible upside of 5.5% from the stock's current price. View analysts' price targets for Conagra Brands.

Media stories about CAG stock have trended very negative recently, InfoTrie reports. InfoTrie ranks the sentiment of media coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Conagra Brands earned a news sentiment score of -3.3 on InfoTrie's scale. They also assigned press coverage about the company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the stock's share price in the next several days. View the latest news aboutConagra Brands.

Conagra Brands saw a decline in short interest in the month of February. As of February 28th, there was short interest totaling 15,380,000 shares, a decline of 22.7% from the February 13th total of 19,890,000 shares. Based on an average daily trading volume, of 5,050,000 shares, the days-to-cover ratio is presently 3.0 days. Currently, 3.2% of the company's stock are sold short. View Conagra Brands' Current Options Chain.

Some companies that are related to Conagra Brands include Mondelez International (MDLZ), General Mills (GIS), Hershey (HSY), Hormel Foods (HRL), Kellogg (K), Tyson Foods (TSN), MCCORMICK & CO /SH (MKC), Campbell Soup (CPB), J M Smucker (SJM), Post (POST), Flowers Foods (FLO), Pilgrim's Pride (PPC), Lancaster Colony (LANC), Seaboard (SEB) and Hain Celestial Group (HAIN).

Based on aggregate information from My MarketBeat watchlists, some companies that other Conagra Brands investors own include AT&T (T), General Electric (GE), Johnson & Johnson (JNJ), Cisco Systems (CSCO), Intel (INTC), Walt Disney (DIS), NVIDIA (NVDA), Verizon Communications (VZ), Pfizer (PFE) and Boeing (BA).

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

Conagra Brands' stock is owned by many different institutional and retail investors. Top institutional shareholders include First National Bank of Mount Dora Trust Investment Services (0.02%). Company insiders that own Conagra Brands stock include Colleen Batcheler, Craig P Omtvedt, David S Marberger, Jana Partners Llc, Joie A Gregor, Richard H Lenny, Ruth Ann Marshall, Sean Connolly, Stephen G Butler, Steven F Goldstone, Thomas K Brown and Thomas M Mcgough. View institutional ownership trends for Conagra Brands.

CAG stock was bought by a variety of institutional investors in the last quarter, including First National Bank of Mount Dora Trust Investment Services. Company insiders that have bought Conagra Brands stock in the last two years include Craig P Omtvedt, David S Marberger, Joie A Gregor, Sean Connolly, and Thomas K Brown. View insider buying and selling activity for Conagra Brands.

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

One share of CAG stock can currently be purchased for approximately $31.21.

Conagra Brands has a market capitalization of $15.19 billion and generates $9.54 billion in revenue each year. The company earns $678.30 million in net income (profit) each year or $2.01 on an earnings per share basis. Conagra Brands employs 18,000 workers across the globe. View additional information about Conagra Brands.

The official website for Conagra Brands is http://www.conagrabrands.com/.

Conagra Brands' mailing address is 222 W. MERCHANDISE MART PLAZA SUITE 1300, CHICAGO IL, 60654. The company can be reached via phone at 312-549-5000 or via email at [email protected]