Conagra Brands - CAG Stock Forecast, Price & News

11 Wall Street 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 5 buy ratings for the stock. The consensus among Wall Street 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.
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11 analysts have issued 1-year target prices for Conagra Brands' stock. Their CAG share price forecasts range from $34.00 to $48.00. On average, they predict the company's share price to reach $40.45 in the next year. This suggests a possible upside of 11.0% from the stock's current price.
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Conagra Brands' stock was trading at $38.70 at the start of the year. Since then, CAG stock has decreased by 5.8% and is now trading at $36.46.
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Conagra Brands saw a increase in short interest in January. As of January 15th, there was short interest totaling 9,960,000 shares, an increase of 14.6% from the December 31st total of 8,690,000 shares. Based on an average daily volume of 3,830,000 shares, the days-to-cover ratio is currently 2.6 days. Currently, 2.1% of the company's shares are sold short.
View Conagra Brands' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 6th 2023.
View our CAG earnings forecast.

Conagra Brands, Inc. (NYSE:CAG) posted its quarterly earnings data on Thursday, January, 5th. The company reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.15. The firm had revenue of $3.31 billion for the quarter, compared to the consensus estimate of $3.28 billion. Conagra Brands had a trailing twelve-month return on equity of 14.38% and a net margin of 5.66%. The firm's quarterly revenue was up 8.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.64 earnings per share.
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Conagra Brands declared a quarterly dividend on Wednesday, December 21st. Stockholders of record on Monday, January 30th will be given a dividend of $0.33 per share on Thursday, March 2nd. This represents a $1.32 dividend on an annualized basis and a yield of 3.62%. The ex-dividend date is Friday, January 27th.
Read our dividend analysis for CAG.

Conagra Brands (NYSE:CAG) pays an annual dividend of $1.32 per share and currently has a dividend yield of 3.58%. 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 93.62%. 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 47.83% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CAG.

Conagra Brands updated its FY 2023 earnings guidance on Thursday, January, 5th. The company provided earnings per share guidance of $2.60-$2.70 for the period, compared to the consensus EPS estimate of $2.47. The company issued revenue guidance of -.

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.

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).

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

Conagra Brands' stock is owned by a number of institutional and retail investors. Top institutional investors include Coho Partners Ltd. (1.00%), Allspring Global Investments Holdings LLC (0.21%), UMB Bank n.a. (0.19%), Abeille Asset Management SA (0.13%), Meyer Handelman Co. (0.13%) and Verde Servicos Internacionais S.A. (0.12%). Insiders that own company stock include Carey Bartell, 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.
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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.
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One share of CAG stock can currently be purchased for approximately $36.46.

Conagra Brands (NYSE:CAG) has a market capitalization of $17.38 billion and generates $11.54 billion in revenue each year. The company earns $888.20 million in net income (profit) each year or $1.41 on an earnings per share basis.

The company employs 18,000 workers across the globe.

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.