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NYSE:CAGConagra Brands Stock Price, Forecast & News

$37.78
+0.08 (+0.21 %)
(As of 08/14/2020 04:00 PM ET)
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Today's Range
$37.54
Now: $37.78
$38.11
50-Day Range
$32.64
MA: $36.34
$38.06
52-Week Range
$22.83
Now: $37.78
$38.12
Volume1.39 million shs
Average Volume4.21 million shs
Market Capitalization$18.41 billion
P/E Ratio21.97
Dividend Yield2.25%
Beta0.86
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. The International reporting segment offers food products in various temperature states in retail and foodservice channels outside of the United States. The Foodservice segment offers food products, including meals, entrees, sauces, and various custom-manufactured culinary products packaged for sale to restaurants and other foodservice establishments in the United States. Conagra Brands, Inc. sells its products under the Marie Callender's, Reddi-wip, Hunt's, Healthy Choice, Slim Jim, Orville Redenbacher's, Alexia, Angie's BOOMCHICKAPOP, Blake's, Duke's, Frontera, Banquet, Chef Boyardee, and BIGS brand names. The company was formerly known as ConAgra Foods, Inc. and changed its name to Conagra Brands, Inc. in November 2016. Conagra Brands, Inc. was founded in 1919 and is headquartered in Chicago, Illinois.
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Beat the Market (BTM) Rank

Analyst Opinion: 2.3Community Rank: 2.3Dividend Strength: 2.5Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.86 out of 5 stars


Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$11.05 billion
Cash Flow$3.09 per share
Book Value$16.32 per share

Profitability

Net Income$840.10 million

Miscellaneous

Employees16,500
Market Cap$18.41 billion
Next Earnings Date9/24/2020 (Estimated)
OptionableOptionable
$37.78
+0.08 (+0.21 %)
(As of 08/14/2020 04:00 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Conagra Brands (NYSE:CAG) Frequently Asked Questions

How has Conagra Brands' stock price been impacted by Coronavirus (COVID-19)?

Conagra Brands' stock was trading at $26.81 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, CAG stock has increased by 40.9% and is now trading at $37.78.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Conagra Brands?

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Conagra Brands in the last year. There are currently 9 hold ratings, 6 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Conagra Brands
.

When is Conagra Brands' next earnings date?

Conagra Brands is scheduled to release its next quarterly earnings announcement on Thursday, September 24th 2020.
View our earnings forecast for Conagra Brands
.

How were Conagra Brands' earnings last quarter?

Conagra Brands Inc (NYSE:CAG) announced its quarterly earnings results on Tuesday, June, 30th. The company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.09. The firm had revenue of $3.29 billion for the quarter, compared to the consensus estimate of $3.13 billion. Conagra Brands had a net margin of 7.60% and a return on equity of 14.38%. The firm's revenue was up 25.8% on a year-over-year basis. During the same quarter last year, the business posted $0.36 EPS.
View Conagra Brands' earnings history
.

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

Conagra Brands announced a quarterly dividend on Friday, July 24th. Investors of record on Tuesday, August 4th will be paid a dividend of $0.2125 per share on Thursday, September 3rd. This represents a $0.85 annualized dividend and a yield of 2.25%. The ex-dividend date is Monday, August 3rd.
View Conagra Brands' dividend history
.

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

Conagra Brands updated its first quarter earnings guidance on Tuesday, June, 30th. The company provided earnings per share (EPS) guidance of $0.54.0.59 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.54.

What price target have analysts set for CAG?

16 analysts have issued 12 month price targets for Conagra Brands' stock. Their forecasts range from $29.00 to $41.00. On average, they anticipate Conagra Brands' share price to reach $35.31 in the next twelve months. This suggests that the stock has a possible downside of 6.5%.
View analysts' price targets for Conagra Brands
.

Has Conagra Brands been receiving favorable news coverage?

Press coverage about CAG stock has been trending somewhat negative on Saturday, according to InfoTrie Sentiment Analysis. The research firm identifies negative and positive news coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Conagra Brands earned a media sentiment score of -1.4 on InfoTrie's scale. They also assigned news coverage about the company a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an impact on the stock's share price in the next several days.
View the latest news about Conagra Brands
.

Are investors shorting Conagra Brands?

Conagra Brands saw a decline in short interest in May. As of May 15th, there was short interest totaling 10,160,000 shares, a decline of 17.6% from the April 30th total of 12,330,000 shares. Based on an average trading volume of 5,040,000 shares, the days-to-cover ratio is currently 2.0 days. Currently, 2.1% of the shares of the stock are short sold.
View Conagra Brands' Short Interest
.

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 Johnson & Johnson (JNJ), Walt Disney (DIS), Pfizer (PFE), Intel (INTC), NVIDIA (NVDA), Cisco Systems (CSCO), AT&T (T), General Electric (GE), QUALCOMM (QCOM) and Procter & Gamble (PG).

Who are Conagra Brands' key executives?

Conagra Brands' management team includes the following 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)

What is Conagra Brands' stock symbol?

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

Who are Conagra Brands' major shareholders?

Conagra Brands' stock is owned by a variety of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (11.40%), Macquarie Group Ltd. (5.22%), Bank of America Corp DE (1.10%), FMR LLC (1.03%), Bank of New York Mellon Corp (0.97%) and Coho Partners Ltd. (0.88%). Company insiders that own Conagra Brands stock include Colleen Batcheler, Craig P Omtvedt, David Biegger, David S Marberger, Jana Partners Llc, Joie A Gregor, Richard H Lenny, Robert G Wise, Ruth Ann Marshall, Sean Connolly, 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 FMR LLC, Macquarie Group Ltd., Vanguard Group Inc., Prudential Financial Inc., Bank of New York Mellon Corp, Goldman Sachs Group Inc., Gamco Investors INC. ET AL, and Strs Ohio. Company insiders that have sold Conagra Brands company stock in the last year include Colleen Batcheler, David Biegger, Jana Partners Llc, Joie A Gregor, Robert G Wise, Thomas K Brown, and Thomas M Mcgough.
View insider buying and selling activity for Conagra Brands
.

Which major investors are buying Conagra Brands stock?

CAG stock was acquired by a variety of institutional investors in the last quarter, including Sumitomo Mitsui Trust Holdings Inc., Victory Capital Management Inc., LSV Asset Management, Assenagon Asset Management S.A., Cubist Systematic Strategies LLC, Nordea Investment Management AB, Trexquant Investment LP, and Robeco Institutional Asset Management B.V.. 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
.

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 $37.78.

How big of a company is Conagra Brands?

Conagra Brands has a market capitalization of $18.41 billion and generates $11.05 billion in revenue each year. The company earns $840.10 million in net income (profit) each year or $2.28 on an earnings per share basis. Conagra Brands employs 16,500 workers across the globe.

What is Conagra Brands' official website?

The official website for Conagra Brands is 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]

This page was last updated on 8/15/2020 by MarketBeat.com Staff

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