NYSE:CAGConagra Brands Stock Price, Forecast & News

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. Since then, CAG stock has increased by 35.4% and is now trading at $36.31. View which stocks have been most impacted by Coronavirus.

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Conagra Brands in the last year. There are currently 9 hold ratings, 6 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Conagra Brands.

Conagra Brands is scheduled to release its next quarterly earnings announcement on Thursday, September 24th 2020. View our earnings forecast for Conagra Brands.

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

Conagra Brands announced a quarterly dividend on Thursday, April 16th. Shareholders of record on Thursday, April 30th will be paid a dividend of $0.2125 per share on Wednesday, June 3rd. This represents a $0.85 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date of this dividend is Wednesday, April 29th. View Conagra Brands' dividend history.

Conagra Brands issued an update on its first quarter earnings guidance on Tuesday, June, 30th. The company provided EPS guidance of $0.54.0.59 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.54.

16 analysts have issued 12 month price objectives for Conagra Brands' shares. Their forecasts range from $29.00 to $41.00. On average, they expect Conagra Brands' stock price to reach $35.31 in the next twelve months. This suggests that the stock has a possible downside of 2.7%. View analysts' price targets for Conagra Brands.

Media coverage about CAG stock has trended somewhat negative on Saturday, InfoTrie Sentiment Analysis reports. InfoTrie identifies positive and negative press coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Conagra Brands earned a media sentiment score of -1.8 on InfoTrie's scale. They also assigned headlines about the company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the company's share price in the near future. View the latest news about Conagra Brands.

Conagra Brands saw a decline in short interest in the month of June. As of June 30th, there was short interest totaling 9,660,000 shares, a decline of 10.8% from the June 15th total of 10,830,000 shares. Based on an average trading volume of 3,920,000 shares, the days-to-cover ratio is presently 2.5 days. Currently, 2.0% of the shares of the stock are sold short. View Conagra Brands' Current Options Chain.

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), Seaboard (SEB) and Hain Celestial Group (HAIN). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Conagra Brands investors own include Intel (INTC), Johnson & Johnson (JNJ), Cisco Systems (CSCO), Walt Disney (DIS), General Electric (GE), AT&T (T), NVIDIA (NVDA), Pfizer (PFE), Home Depot (HD) 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 institutional and retail investors. Top institutional shareholders include Vigilant Capital Management LLC (0.09%), Envestnet Asset Management Inc. (0.05%), Manning & Napier Group LLC (0.04%), Old Port Advisors (0.02%), State of Alaska Department of Revenue (0.02%) and DNB Asset Management AS (0.02%). Company insiders that own Conagra Brands stock include Colleen Batcheler, Craig P Omtvedt, 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 State of Alaska Department of Revenue, First American Trust FSB, First National Bank of Mount Dora Trust Investment Services, DNB Asset Management AS, Municipal Employees Retirement System of Michigan, Cypress Capital Group, Arden Trust Co, and Home Federal Bank of Tennessee. Company insiders that have sold Conagra Brands company stock in the last year include Colleen Batcheler, Jana Partners Llc, Joie A Gregor, Richard H Lenny, Robert G Wise, Ruth Ann Marshall, Thomas K Brown, and Thomas M Mcgough. View insider buying and selling activity for Conagra Brands.

CAG stock was purchased by a variety of institutional investors in the last quarter, including Envestnet Asset Management Inc., Exane Derivatives, Vigilant Capital Management LLC, Diligent Investors LLC, FNY Investment Advisers LLC, Manning & Napier Group LLC, Nelson Van Denburg & Campbell Wealth Management Group LLC, and Old Port Advisors. 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 $36.31.

Conagra Brands has a market capitalization of $17.69 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 18,000 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]