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

$27.55
+0.11 (+0.40 %)
(As of 11/11/2019 04:00 PM ET)
Today's Range
$27.20
Now: $27.55
$27.56
50-Day Range
$26.92
MA: $28.29
$31.49
52-Week Range
$20.22
Now: $27.55
$35.72
Volume1.92 million shs
Average Volume5.82 million shs
Market Capitalization$13.41 billion
P/E Ratio13.71
Dividend Yield3.10%
Beta0.84
Conagra Brands, Inc, together with its subsidiaries, operates as a food company in North America. The company operates through Grocery & Snacks, Refrigerated & Frozen, International, and Foodservice segments. The Grocery & Snacks segment primarily offers shelf stable food products in various retail channels in the United States. The Refrigerated & Frozen segment provides temperature controlled food products in various retail channels in the United States. Read More…

Industry, Sector and Symbol

Industry Food & kindred products
Sub-IndustryPackaged Foods & Meats
SectorConsumer Staples
CUSIP20588710
Phone312-549-5000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$9.54 billion
Cash Flow$2.52 per share
Book Value$15.35 per share

Profitability

Net Income$678.30 million

Miscellaneous

Employees18,000
Market Cap$13.41 billion
Next Earnings Date12/19/2019 (Estimated)
OptionableOptionable

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Conagra Brands (NYSE:CAG) Frequently Asked Questions

What is Conagra Brands' stock symbol?

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

How often does Conagra Brands pay dividends? What is the dividend yield for Conagra Brands?

Conagra Brands declared a quarterly dividend on Friday, September 20th. Investors of record on Friday, November 1st will be given a dividend of $0.2125 per share on Tuesday, December 3rd. This represents a $0.85 dividend on an annualized basis and a yield of 3.09%. The ex-dividend date of this dividend is Thursday, October 31st. View Conagra Brands' Dividend History.

How were Conagra Brands' earnings last quarter?

Conagra Brands Inc (NYSE:CAG) issued its quarterly earnings results on Thursday, September, 26th. The company reported $0.43 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.39 by $0.04. The firm had revenue of $2.39 billion for the quarter, compared to analysts' expectations of $2.48 billion. Conagra Brands had a return on equity of 12.34% and a net margin of 6.68%. The company's quarterly revenue was up 30.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.47 EPS. View Conagra Brands' Earnings History.

When is Conagra Brands' next earnings date?

Conagra Brands is scheduled to release their next quarterly earnings announcement on Thursday, December 19th 2019. View Earnings Estimates for Conagra Brands.

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

Conagra Brands updated its FY20 earnings guidance on Thursday, September, 26th. The company provided earnings per share (EPS) guidance of $2.05-2.18 for the period, compared to the Thomson Reuters consensus estimate of $2.08. The company issued revenue guidance of +13.5%-14.0% to $10.83-10.87 billion, compared to the consensus revenue estimate of $10.81 billion.

What price target have analysts set for CAG?

12 equities research analysts have issued 12 month price targets for Conagra Brands' shares. Their forecasts range from $29.00 to $44.00. On average, they expect Conagra Brands' share price to reach $33.73 in the next twelve months. This suggests a possible upside of 22.4% from the stock's current price. View Analyst Price Targets for Conagra Brands.

What is the consensus analysts' recommendation for Conagra Brands?

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Conagra Brands in the last year. There are currently 1 sell rating, 4 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Conagra Brands.

What are Wall Street analysts saying about Conagra Brands stock?

Here are some recent quotes from research analysts about Conagra Brands stock:
  • 1. According to Zacks Investment Research, "Conagra has outperformed the industry in the past six months. The company is gaining from the buyout of Pinnacle Foods, which boosted the top line during fourth-quarter fiscal 2019. The company is on track with the integration of the buyout. Further, it is striving to boost capabilities across the frozen and snacking businesses. Management is also progressing well with the value-over-volume strategy and plans to implement the same in the Pinnacle Foods portfolio. On the flip side, adverse impacts of divestitures were major deterrents during the fourth quarter, wherein the top and the bottom line missed the Zacks Consensus Estimate. The company is struggling against dismal performance in the Foodservice unit. These along with adverse currency and rising input cost woes have been limiting the company’s growth." (7/8/2019)
  • 2. Jefferies Financial Group Inc analysts commented, "Large-cap food stocks, incl. CAG, have underperformed recently on fears that weak industry sales growth & margin compression will lead to negative earnings revisions. However, we maintain that most of the issues impacting margins are transitory & that sales growth trends will improve as per our BSM thesis. We believe CAG’s 2Q base business sales growth & guidance will likely come in better than expected, potentially boosting NT sentiment on the stock. 2Q earnings preview – what to expect. CAG is scheduled to report 2Q19 results on 12/20 before the market open. We now expect 2Q EPS of $0.55 compared to $0.61 before. The $0.06 reduction in our estimate is entirely a function of the dilution from the PF deal, which closed 1 month earlier than our expectations. Management had guided to EPS of $0.57-$0.60 excluding the deal." (12/19/2018)

Has Conagra Brands been receiving favorable news coverage?

Press coverage about CAG stock has trended very negative recently, according to InfoTrie. InfoTrie identifies positive and negative news coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Conagra Brands earned a daily sentiment score of -3.2 on InfoTrie's scale. They also gave news coverage about the company a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an impact on the company's share price in the near term. View News Stories for Conagra Brands.

Are investors shorting Conagra Brands?

Conagra Brands saw a decline in short interest during the month of October. As of October 15th, there was short interest totalling 25,980,000 shares, a decline of 10.9% from the September 15th total of 29,150,000 shares. Based on an average trading volume of 4,560,000 shares, the days-to-cover ratio is presently 5.7 days. Currently, 5.4% of the company's stock are sold short. View Conagra Brands' Current Options Chain.

Who are some of Conagra Brands' key competitors?

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 General Electric (GE), AT&T (T), Cisco Systems (CSCO), Johnson & Johnson (JNJ), Intel (INTC), Pfizer (PFE), Walt Disney (DIS), Starbucks (SBUX), Home Depot (HD) and Procter & Gamble (PG).

Who are Conagra Brands' key executives?

Conagra Brands' management team includes the folowing people:
  • Mr. Sean M. Connolly, Pres, CEO & Director (Age 54)
  • Mr. David S. Marberger, Exec. VP & CFO (Age 54)
  • Mr. Thomas M. McGough, Co-COO & Exec. VP (Age 54)
  • Mr. Darren C. Serrao, Co-COO & Exec. VP (Age 52)
  • Ms. Colleen R. Batcheler, Exec. VP, Gen. Counsel & Corp. Sec. (Age 45)

Who are Conagra Brands' major shareholders?

Conagra Brands' stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Coho Partners Ltd. (0.86%), First Trust Advisors LP (0.50%), Gamco Investors INC. ET AL (0.40%), Sumitomo Mitsui Trust Holdings Inc. (0.38%), California Public Employees Retirement System (0.36%) and Gabelli Funds LLC (0.31%). Company insiders that own Conagra Brands stock include Colleen Batcheler, Craig P Omtvedt, David S Marberger, Joie A Gregor, Richard H Lenny, Robert G Wise, 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.

Which major investors are selling Conagra Brands stock?

CAG stock was sold by a variety of institutional investors in the last quarter, including State of New Jersey Common Pension Fund D, Coho Partners Ltd., Gamco Investors INC. ET AL, Gabelli Funds LLC, D.A. Davidson & CO., Zurcher Kantonalbank Zurich Cantonalbank, Vigilant Capital Management LLC and Symons Capital Management Inc.. Company insiders that have sold Conagra Brands company stock in the last year include Colleen Batcheler, Richard H Lenny, Ruth Ann Marshall and Thomas M Mcgough. View Insider Buying and Selling for Conagra Brands.

Which major investors are buying Conagra Brands stock?

CAG stock was bought by a variety of institutional investors in the last quarter, including First Trust Advisors LP, Strs Ohio, Brinker Capital Inc., California Public Employees Retirement System, Alberta Investment Management Corp, State of Alaska Department of Revenue, Assenagon Asset Management S.A. and Clear Street Markets LLC. 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 for Conagra Brands.

How do I buy shares of 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.

What is Conagra Brands' stock price today?

One share of CAG stock can currently be purchased for approximately $27.55.

How big of a company is Conagra Brands?

Conagra Brands has a market capitalization of $13.41 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.

What is Conagra Brands' official website?

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

How can I contact Conagra Brands?

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]


MarketBeat Community Rating for Conagra Brands (NYSE CAG)

Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  515 (Vote Outperform)
Underperform Votes:  601 (Vote Underperform)
Total Votes:  1,116
MarketBeat's community ratings are surveys of what our community members think about Conagra Brands and other stocks. Vote "Outperform" if you believe CAG will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CAG will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 11/11/2019 by MarketBeat.com Staff

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