Conagra Brands Stock Forecast, Price & News

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 (WHO). Since then, CAG stock has increased by 26.3% and is now trading at $33.86.
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15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Conagra Brands in the last year. There are currently 8 hold ratings, 6 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy."
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Conagra Brands is scheduled to release its next quarterly earnings announcement on Thursday, October 1st 2020.
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Conagra Brands will be holding an earnings conference call on Thursday, October 1st at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

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

Conagra Brands declared 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 dividend on an annualized basis and a yield of 2.51%. The ex-dividend date is Monday, August 3rd.
View Conagra Brands' dividend history.

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.

15 brokers have issued 12 month target prices for Conagra Brands' stock. Their forecasts range from $29.00 to $41.00. On average, they anticipate Conagra Brands' stock price to reach $35.60 in the next twelve months. This suggests a possible upside of 5.1% from the stock's current price.
View analysts' price targets for Conagra Brands.

Conagra Brands saw a increase in short interest in August. As of August 31st, there was short interest totaling 8,600,000 shares, an increase of 19.6% from the August 15th total of 7,190,000 shares. Based on an average daily volume of 3,030,000 shares, the days-to-cover ratio is presently 2.8 days.
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Some companies that are related to Conagra Brands include Mondelez International (MDLZ), General Mills (GIS), Hershey (HSY), Hormel Foods (HRL), MCCORMICK & CO /SH (MKC), Kellogg (K), Tyson Foods (TSN), Campbell Soup (CPB), J M Smucker (SJM), Post (POST), Flowers Foods (FLO), Lancaster Colony (LANC), Pilgrim's Pride (PPC), Hain Celestial Group (HAIN) and Seaboard (SEB).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Conagra Brands investors own include Johnson & Johnson (JNJ), Pfizer (PFE), Intel (INTC), Walt Disney (DIS), AT&T (T), Cisco Systems (CSCO), NVIDIA (NVDA), Procter & Gamble (PG), General Electric (GE) and QUALCOMM (QCOM).

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

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 (1.02%), 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.

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.

CAG stock was acquired by a variety of institutional investors in the last quarter, including Tobam, 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, and Trexquant Investment LP. 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.

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.

One share of CAG stock can currently be purchased for approximately $33.86.

Conagra Brands has a market capitalization of $16.54 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.

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

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]