Conagra Brands Stock Forecast, Price & News

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Conagra Brands in the last twelve months. There are currently 1 sell rating, 5 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" Conagra Brands stock. 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.
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Conagra Brands saw a decline in short interest during the month of July. As of July 30th, there was short interest totaling 13,620,000 shares, a decline of 16.8% from the July 15th total of 16,380,000 shares. Based on an average daily trading volume, of 3,400,000 shares, the short-interest ratio is currently 4.0 days. Approximately 2.9% of the shares of the company are short sold.
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Conagra Brands is scheduled to release its next quarterly earnings announcement on Thursday, October 7th 2021.
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Conagra Brands will be holding an earnings conference call on Thursday, October 7th at 9:30 AM Eastern. Interested parties can register for or listen to the call using this link.

Conagra Brands, Inc. (NYSE:CAG) announced its quarterly earnings results on Monday, July, 12th. The company reported $0.54 earnings per share for the quarter, topping analysts' consensus estimates of $0.52 by $0.02. The company had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.71 billion. Conagra Brands had a net margin of 11.61% and a trailing twelve-month return on equity of 15.33%. The business's quarterly revenue was down 16.7% on a year-over-year basis. During the same period last year, the business posted $0.41 earnings per share.
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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 stock has increased by 24.7% and is now trading at $33.43.
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Conagra Brands announced a quarterly dividend on Tuesday, July 13th. Shareholders of record on Tuesday, August 3rd will be paid a dividend of $0.3125 per share on Thursday, September 2nd. This represents a $1.25 dividend on an annualized basis and a yield of 3.74%. The ex-dividend date of this dividend is Monday, August 2nd. This is a boost from Conagra Brands's previous quarterly dividend of $0.28.
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Conagra Brands pays an annual dividend of $1.25 per share and currently has a dividend yield of 3.74%. The dividend payout ratio of Conagra Brands is 47.35%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Conagra Brands will have a dividend payout ratio of 46.82% next year. This indicates that Conagra Brands will be able to sustain or increase its dividend.
View Conagra Brands' dividend history.

Conagra Brands updated its FY 2022 earnings guidance on Tuesday, August, 3rd. The company provided earnings per share guidance of $2.500-$2.500 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.630. The company issued revenue guidance of -.

7 equities research analysts have issued 1-year price targets for Conagra Brands' stock. Their forecasts range from $34.00 to $41.00. On average, they anticipate Conagra Brands' stock price to reach $36.38 in the next year. This suggests a possible upside of 8.8% from the stock's current price.
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381 employees have rated Conagra Brands CEO Sean Connolly on Glassdoor.com. Sean Connolly has an approval rating of 83% among Conagra Brands' employees.

Some companies that are related to Conagra Brands include Mondelez International (MDLZ), The Hershey (HSY), General Mills (GIS), Tyson Foods (TSN), McCormick & Company, Incorporated (MKC), Hormel Foods (HRL), Kellogg (K), The J. M. Smucker (SJM), Campbell Soup (CPB), Post (POST), Pilgrim's Pride (PPC), Flowers Foods (FLO), Lancaster Colony (LANC), Seaboard (SEB) and Sanderson Farms (SAFM).
View all of CAG's competitors.

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), The Walt Disney (DIS), Cisco Systems (CSCO), NVIDIA (NVDA), The Procter & Gamble (PG), General Electric (GE) and Verizon Communications (VZ).

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

Conagra Brands' stock is owned by a number of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (11.59%), BlackRock Inc. (7.80%), State Street Corp (4.54%), Price T Rowe Associates Inc. MD (4.27%), Macquarie Group Ltd. (3.86%) and American Century Companies Inc. (2.24%). Company insiders that own Conagra Brands stock include Colleen Batcheler, Craig P Omtvedt, David Biegger, Jana Partners Llc, Joie A Gregor, Richard H Lenny, Robert G Wise, Thomas K Brown and Thomas M Mcgough.
View institutional ownership trends for Conagra Brands.

CAG stock was sold by a variety of institutional investors in the last quarter, including Price T Rowe Associates Inc. MD, Franklin Resources Inc., Macquarie Group Ltd., State of Michigan Retirement System, Cibc World Markets Corp, Wells Fargo & Company MN, Bank of New York Mellon Corp, and Gabelli Funds LLC. Company insiders that have sold Conagra Brands company stock in the last year include Colleen Batcheler, Jana Partners Llc, Thomas K Brown, and Thomas M Mcgough.
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CAG stock was bought by a variety of institutional investors in the last quarter, including Amundi, BlackRock Inc., American Century Companies Inc., Level Four Advisory Services LLC, State Street Corp, Morgan Stanley, Morgan Stanley, and Payden & Rygel. Company insiders that have bought Conagra Brands stock in the last two years include Craig P Omtvedt, and Richard H Lenny.
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Shares of CAG 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.
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One share of CAG stock can currently be purchased for approximately $33.43.

Conagra Brands has a market capitalization of $16.06 billion and generates $11.18 billion in revenue each year. The company earns $1.30 billion in net income (profit) each year or $2.64 on an earnings per share basis.

Conagra Brands employs 18,600 workers across the globe.

The following companies are subsidiares of Conagra Brands: Agro Tech Foods, Alexia Foods, Aliments ConAgra Canada Inc., American Pie - Assets, Angie's Artisan Treats, Angie's Artisan Treats LLC, Bertolli, Blake's All Natural Foods, Capitol Milling Co., ConAgra Foods AM Holding S.a.r.l., ConAgra Foods Canada Inc., ConAgra Foods Enterprise Services Inc., ConAgra Foods Packaged Foods LLC, ConAgra Foods RDM Inc., ConAgra Foods Sales LLC, ConAgra Funding LLC, 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.

Conagra Brands was founded in 1919.

The official website for Conagra Brands is www.conagrabrands.com.

Conagra Brands is headquartered at 222 W. MERCHANDISE MART PLAZA SUITE 1300, CHICAGO IL, 60654.

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]