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NYSE:CAG

Conagra Brands (CAG) Stock Forecast, Price & News

$34.42
-0.45 (-1.29%)
(As of 06/1/2023 ET)
Compare
Today's Range
$34.26
$35.13
50-Day Range
$34.29
$38.45
52-Week Range
$31.07
$41.30
Volume
7.99 million shs
Average Volume
4.48 million shs
Market Capitalization
$16.42 billion
P/E Ratio
20.61
Dividend Yield
3.83%
Price Target
$41.00

Conagra Brands MarketRank™ Forecast

Analyst Rating
Hold
2.45 Rating Score
Upside/​Downside
19.1% Upside
$41.00 Price Target
Short Interest
Healthy
3.31% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-2.29
Upright™ Environmental Score
News Sentiment
0.67mentions of Conagra Brands in the last 14 days
Based on 4 Articles This Week
Insider Trading
Selling Shares
$2 M Sold Last Quarter
Proj. Earnings Growth
2.90%
From $2.76 to $2.84 Per Share

Overall MarketRank

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

2.58 out of 5 stars

Consumer Staples Sector

71st out of 276 stocks

Food & Kindred Products Industry

5th out of 34 stocks


CAG stock logo

About Conagra Brands (NYSE:CAG) Stock

Conagra Brands, Inc. engages in the manufacture and sale of processed and packaged foods. It operates through the following segments: Grocery and Snacks, Refrigerated and Frozen, International, and Foodservice. The Grocery and Snacks segment includes branded, shelf stable food products sold in various retail channels in the United States. The Refrigerated and Frozen segment is composed of branded, temperature-controlled food products sold in various retail channels in the United States. The International segment offers branded food products in various temperature states, sold in various retail and foodservice channels outside of the United States. The Foodservice segment focuses on branded and customized food products, including meals, entrees, sauces, and a variety of custom-manufactured culinary products packaged for sale to restaurants and other foodservice establishments in the United States. The company was founded by Alva Kinney and Frank Little in 1919 and is headquartered in Chicago, IL.

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CAG Stock News Headlines

The $193 Billion US-China War You Don't Know About
They're fighting for control of lithium – a key ingredient in EVs and clean energy technology. It's arguably the most important commodity of the 21st century. China owns 80% of global supply. But the US plans to grab a massive slice of the lithium market, which is forecasted to quadruple to $193 billion by 2028, according to Fortune Business Insights.
Bull of the Day: Conagra (CAG)
Conagra Brands (NYSE:CAG) Lowered to "Hold" at StockNews.com
The $193 Billion US-China War You Don't Know About
They're fighting for control of lithium – a key ingredient in EVs and clean energy technology. It's arguably the most important commodity of the 21st century. China owns 80% of global supply. But the US plans to grab a massive slice of the lithium market, which is forecasted to quadruple to $193 billion by 2028, according to Fortune Business Insights.
Conagra Brands (NYSE:CAG) Upgraded by StockNews.com to "Buy"
4 Grocery Stocks to Buy Amid Ongoing Price Challenges
See More Headlines

CAG Price History

CAG Company Calendar

Last Earnings
4/05/2023
Ex-Dividend for 6/1 Dividend
4/27/2023
Today
6/01/2023
Dividend Payable
6/01/2023
Next Earnings (Estimated)
7/13/2023
Fiscal Year End
5/31/2024

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
$41.00
High Stock Price Forecast
$46.00
Low Stock Price Forecast
$35.00
Forecasted Upside/Downside
+19.1%
Consensus Rating
Hold
Rating Score (0-4)
2.45
Research Coverage
11 Analysts

Profitability

Net Income
$888.20 million
Pretax Margin
7.14%

Debt

Sales & Book Value

Annual Sales
$11.54 billion
Cash Flow
$3.17 per share
Book Value
$18.46 per share

Miscellaneous

Free Float
472,233,000
Market Cap
$16.42 billion
Optionable
Optionable
Beta
0.56

Social Links


Key Executives

  • Sean M. Connolly
    President, Chief Executive Officer & Director
  • Thomas M. McGoughThomas M. McGough
    Co-Chief Operating Officer & Executive VP
  • Darren C. SerraoDarren C. Serrao
    Co-Chief Operating Officer & Executive VP
  • David S. Marberger
    Chief Financial Officer & Executive Vice President
  • Tracy Schaefer
    Chief Information Officer & Senior Vice President













CAG Stock - Frequently Asked Questions

Should I buy or sell Conagra Brands stock right now?

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Conagra Brands in the last year. There are currently 6 hold ratings and 5 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?

11 brokerages have issued 1-year price targets for Conagra Brands' stock. Their CAG share price forecasts range from $35.00 to $46.00. On average, they expect the company's stock price to reach $41.00 in the next twelve months. This suggests a possible upside of 19.1% from the stock's current price.
View analysts price targets for CAG
or view top-rated stocks among Wall Street analysts.

How have CAG shares performed in 2023?

Conagra Brands' stock was trading at $38.70 on January 1st, 2023. Since then, CAG shares have decreased by 11.1% and is now trading at $34.42.
View the best growth stocks for 2023 here
.

Are investors shorting Conagra Brands?

Conagra Brands saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 15,680,000 shares, an increase of 22.2% from the April 30th total of 12,830,000 shares. Based on an average trading volume of 4,400,000 shares, the short-interest ratio is presently 3.6 days. Currently, 3.3% of the shares of the company are sold short.
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, July 13th 2023.
View our CAG earnings forecast
.

How were Conagra Brands' earnings last quarter?

Conagra Brands, Inc. (NYSE:CAG) posted its quarterly earnings data on Wednesday, April, 5th. The company reported $0.76 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.64 by $0.12. The company earned $3.09 billion during the quarter, compared to analysts' expectations of $3.08 billion. Conagra Brands had a trailing twelve-month return on equity of 15.34% and a net margin of 6.59%. The company's revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.58 EPS.
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 Wednesday, April 12th. Shareholders of record on Friday, April 28th will be given a dividend of $0.33 per share on Thursday, June 1st. This represents a $1.32 annualized dividend and a yield of 3.83%. The ex-dividend date of this dividend is Thursday, April 27th.
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 3.85%. 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 79.04%. 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 46.48% 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 FY23 earnings guidance on Wednesday, April, 5th. The company provided earnings per share (EPS) guidance of $2.70-2.75 for the period, compared to the consensus estimate of $2.68.

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 institutional and retail investors. Top institutional investors include BlackRock Inc. (9.04%), Price T Rowe Associates Inc. MD (5.24%), State Street Corp (5.11%), Macquarie Group Ltd. (2.94%), Macquarie Group Ltd. (2.94%) and American Century Companies Inc. (2.29%). Insiders that own company stock include Carey Bartell, Charisse Brock, Colleen Batcheler, 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 $34.42.

How much money does Conagra Brands make?

Conagra Brands (NYSE:CAG) has a market capitalization of $16.42 billion and generates $11.54 billion in revenue each year. The company earns $888.20 million in net income (profit) each year or $1.67 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 6/1/2023 by MarketBeat.com Staff

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