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NYSE:CAG

Conagra Brands - CAG Stock Forecast, Price & News

$38.02
-0.47 (-1.22%)
(As of 12/9/2022 12:00 AM ET)
Add
Compare
Today's Range
$37.99
$38.56
50-Day Range
$32.56
$38.49
52-Week Range
$30.06
$38.56
Volume
2.32 million shs
Average Volume
4.10 million shs
Market Capitalization
$18.22 billion
P/E Ratio
31.95
Dividend Yield
3.43%
Price Target
$36.88

Conagra Brands MarketRank™ Forecast

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
3.0% Downside
$36.88 Price Target
Short Interest
Healthy
1.89% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-2.29
Upright™ Environmental Score
News Sentiment
0.13mentions of Conagra Brands in the last 14 days
Based on 8 Articles This Week
Insider Trading
Selling Shares
$221,076 Sold Last Quarter
Proj. Earnings Growth
4.92%
From $2.44 to $2.56 Per Share

Overall MarketRank

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

1.85 out of 5 stars

Consumer Staples Sector

96th out of 141 stocks

Food & Kindred Products Industry

12th out of 16 stocks

CAG stock logo

About Conagra Brands (NYSE:CAG) Stock

Conagra Brands, Inc., together with its subsidiaries, operates as a consumer packaged goods food company in North America. The company operates in four segments: Grocery & Snacks, Refrigerated & Frozen, International, and Foodservice. The Grocery & Snacks segment primarily offers shelf stable food products through various retail channels in the United States. The Refrigerated & Frozen segment provides temperature-controlled food products through various retail channels in the United States. 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 in the United States. The company sells its products under the Birds Eye, Duncan Hines, Healthy Choice, Marie Callender's, Reddi-wip, Slim Jim, Angie's BOOMCHICKAPOP, Duke's, Earth Balance, Gardein, and Frontera brands. 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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CAG Stock News Headlines

What 4 Analyst Ratings Have To Say About Conagra Brands
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Are Investors Undervaluing Conagra Brands (CAG) Right Now?
Goldman Sachs’ Cheap Dividend Stocks
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CAG Company Calendar

Last Earnings
10/06/2022
Ex-Dividend for 12/1 Dividend
11/02/2022
Dividend Payable
12/01/2022
Today
12/09/2022
Next Earnings (Estimated)
1/05/2023
Fiscal Year End
5/31/2023

Industry, Sector and Symbol

Industry
Food & kindred products
Sub-Industry
Packaged Foods & Meats
CUSIP
20588710
Employees
18,000
Year Founded
1919

Price Target and Rating

Average Stock Price Forecast
$36.88
High Stock Price Forecast
$42.00
Low Stock Price Forecast
$34.00
Forecasted Upside/Downside
-3.0%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
9 Analysts

Profitability

Net Income
$888.20 million
Pretax Margin
5.39%

Debt

Sales & Book Value

Annual Sales
$11.54 billion
Cash Flow
$3.14 per share
Book Value
$18.46 per share

Miscellaneous

Free Float
474,558,000
Market Cap
$18.22 billion
Optionable
Optionable
Beta
0.59

Social Links


Key Executives

  • Mr. Sean M. Connolly (Age 57)
    Pres, CEO & Director
    Comp: $3.97M
  • Mr. David S. Marberger (Age 57)
    Exec. VP & CFO
    Comp: $1.63M
  • Mr. Thomas M. McGoughMr. Thomas M. McGough (Age 57)
    Co-COO & Exec. VP
    Comp: $1.65M
  • Mr. Darren C. SerraoMr. Darren C. Serrao (Age 55)
    Co-COO & Exec. VP
    Comp: $1.27M
  • Mr. Alexandre O. Eboli (Age 50)
    Exec. VP & Chief Supply Chain Officer
    Comp: $1.35M
  • Ms. Tracy Schaefer
    Sr. VP & Chief Information Officer
  • Ms. Melissa Napier
    Sr. VP of Investor Relation
  • Ms. Carey L. Bartell (Age 48)
    Exec. VP, Gen. Counsel & Corp. Sec.
  • Mr. Jonathan J. Harris (Age 54)
    Chief Communications Officer & Sr. VP
  • Ms. Charisse Brock (Age 60)
    Exec. VP & Chief HR Officer













CAG Stock - Frequently Asked Questions

Should I buy or sell Conagra Brands stock right now?

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Conagra Brands in the last twelve months. There are currently 1 sell rating, 4 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.
View CAG analyst ratings
or view top-rated stocks.

What is Conagra Brands' stock price forecast for 2023?

9 Wall Street analysts have issued 12-month price objectives for Conagra Brands' stock. Their CAG share price forecasts range from $34.00 to $42.00. On average, they predict the company's stock price to reach $36.88 in the next year. This suggests that the stock has a possible downside of 4.1%.
View analysts price targets for CAG
or view top-rated stocks among Wall Street analysts.

How have CAG shares performed in 2022?

Conagra Brands' stock was trading at $34.15 at the start of the year. Since then, CAG shares have increased by 12.7% and is now trading at $38.47.
View the best growth stocks for 2022 here
.

Are investors shorting Conagra Brands?

Conagra Brands saw a increase in short interest in the month of November. As of November 15th, there was short interest totaling 9,020,000 shares, an increase of 19.6% from the October 31st total of 7,540,000 shares. Based on an average daily trading volume, of 3,500,000 shares, the days-to-cover ratio is currently 2.6 days. Approximately 1.9% of the shares of the company 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 5th 2023.
View our CAG earnings forecast
.

How were Conagra Brands' earnings last quarter?

Conagra Brands, Inc. (NYSE:CAG) announced its quarterly earnings results on Thursday, October, 6th. The company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.05. The company earned $2.90 billion during the quarter, compared to analysts' expectations of $2.84 billion. Conagra Brands had a trailing twelve-month return on equity of 13.40% and a net margin of 4.88%. The firm's revenue for the quarter was up 9.5% compared to the same quarter last year. During the same period last year, the company earned $0.50 earnings per share.
Read the conference call transcript
.

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

Conagra Brands declared a quarterly dividend on Tuesday, October 4th. Shareholders of record on Thursday, November 3rd will be given a dividend of $0.33 per share on Thursday, December 1st. This represents a $1.32 dividend on an annualized basis and a yield of 3.43%. The ex-dividend date of this dividend is Wednesday, November 2nd.
Read our dividend analysis for CAG
.

Is Conagra Brands a good dividend stock?

Conagra Brands (NYSE:CAG) pays an annual dividend of $1.32 per share and currently has a dividend yield of 3.45%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 110.92%. 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 51.56% 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 issued an update on its FY 2023 earnings guidance on Thursday, October, 27th. The company provided EPS guidance of $2.38-$2.48 for the period, compared to the consensus estimate of $2.42. 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).

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 many different retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (11.78%), BlackRock Inc. (9.18%), Price T Rowe Associates Inc. MD (5.71%), State Street Corp (5.04%), Macquarie Group Ltd. (3.53%) and LSV Asset Management (1.75%). Insiders that own company stock include Carey Bartell, Colleen Batcheler, Craig P Omtvedt, Darren Serrao, David Biegger, Emanuel Chirico, Jana Partners Llc, Joie A Gregor, 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.

What is Conagra Brands' stock price today?

One share of CAG stock can currently be purchased for approximately $38.47.

How much money does Conagra Brands make?

Conagra Brands (NYSE:CAG) has a market capitalization of $18.44 billion and generates $11.54 billion in revenue each year. The company earns $888.20 million in net income (profit) each year or $1.19 on an earnings per share basis.

How many employees does Conagra Brands have?

The company employs 18,000 workers across the globe.

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
How can I contact Conagra Brands?

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.

This page (NYSE:CAG) was last updated on 12/9/2022 by MarketBeat.com Staff