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QQQ   303.59
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NYSE:CAG

Conagra Brands - CAG Stock Forecast, Price & News

$36.91
+0.46 (+1.26%)
(As of 02/6/2023 12:00 AM ET)
Add
Compare
Today's Range
$36.46
$36.95
50-Day Range
$36.26
$40.96
52-Week Range
$30.06
$41.30
Volume
3.30 million shs
Average Volume
4.74 million shs
Market Capitalization
$17.59 billion
P/E Ratio
26.18
Dividend Yield
3.62%
Price Target
$40.45

Conagra Brands MarketRank™ Forecast

Analyst Rating
Hold
2.36 Rating Score
Upside/​Downside
9.6% Upside
$40.45 Price Target
Short Interest
Healthy
2.10% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-2.29
Upright™ Environmental Score
News Sentiment
0.81mentions of Conagra Brands in the last 14 days
Based on 4 Articles This Week
Insider Trading
Selling Shares
$2.05 M Sold Last Quarter
Proj. Earnings Growth
3.76%
From $2.66 to $2.76 Per Share

Overall MarketRank

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

2.33 out of 5 stars

Consumer Staples Sector

17th out of 138 stocks

Food & Kindred Products Industry

2nd out of 16 stocks

CAG stock logo

About Conagra Brands (NYSE:CAG) Stock

Conagra Brands, Inc., together with its subsidiaries, operates as a consumer packaged goods food company in North America. The company operates in four segments: Grocery & Snacks, Refrigerated & Frozen, International, and Foodservice. The Grocery & Snacks segment primarily offers shelf stable food products through various retail channels in the United States. The Refrigerated & Frozen segment provides temperature-controlled food products through various retail channels in the United States. The International segment offers food products in various temperature states through retail and foodservice channels outside of the United States. The Foodservice segment offers branded and customized food products, including meals, entrees, sauces, and various custom-manufactured culinary products packaged for restaurants and other foodservice establishments in the United States. The company sells its products under the Birds Eye, Duncan Hines, Healthy Choice, Marie Callender's, Reddi-wip, Slim Jim, Angie's BOOMCHICKAPOP, Duke's, Earth Balance, Gardein, and Frontera brands. The company was formerly known as ConAgra Foods, Inc. and changed its name to Conagra Brands, Inc. in November 2016. Conagra Brands, Inc. was founded in 1919 and is headquartered in Chicago, Illinois.

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CAG Stock News Headlines

Conagra Upholds the Elasticity of Its Brands
Economics 101 ascertains that raising prices tends to drive down demand unless you fall under the elastic principle like alcohol, cigarettes, drugs
MarketBeat: Week in Review 01/02-01/06 (CAG)
The first trading week of 2023 comes to a close with stocks in the green and here are some of the stocks the MarketBeat team was following this week.
Profit From the Commercial Solar Boom?
Solar energy had its best year ever in 2021, with a record 24 gigawatts of power installed. That's enough to power 18 million homes! Analysts expect the global solar farm market to reach $356 billion by 2028. The utility segment of the solar market is expected to grow at the highest annual growth rate in the industry, especially with the many tax incentives now offered.
Conagra Brands, Inc. (NYSE:CAG) Short Interest Update
StockNews.com Downgrades Conagra Brands (NYSE:CAG) to Hold
Profit From the Commercial Solar Boom?
Solar energy had its best year ever in 2021, with a record 24 gigawatts of power installed. That's enough to power 18 million homes! Analysts expect the global solar farm market to reach $356 billion by 2028. The utility segment of the solar market is expected to grow at the highest annual growth rate in the industry, especially with the many tax incentives now offered.
Top Stock Picks for Week of January 9, 2023
See More Headlines
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CAG Company Calendar

Ex-Dividend for 12/1 Dividend
11/02/2022
Dividend Payable
12/01/2022
Last Earnings
1/05/2023
Ex-Dividend for 3/2 Dividend
1/27/2023
Today
2/06/2023
Dividend Payable
3/02/2023
Next Earnings (Estimated)
4/06/2023
Fiscal Year End
5/31/2023

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
$40.45
High Stock Price Forecast
$48.00
Low Stock Price Forecast
$34.00
Forecasted Upside/Downside
+9.6%
Consensus Rating
Hold
Rating Score (0-4)
2.36
Research Coverage
11 Analysts

Profitability

Net Income
$888.20 million
Pretax Margin
6.32%

Debt

Sales & Book Value

Annual Sales
$11.54 billion
Cash Flow
$3.20 per share
Book Value
$18.46 per share

Miscellaneous

Free Float
471,951,000
Market Cap
$17.59 billion
Optionable
Optionable
Beta
0.56

Social Links


Key Executives

  • Mr. Sean M. Connolly (Age 57)
    Pres, CEO & Director
    Comp: $3.97M
  • Mr. David S. Marberger (Age 57)
    Exec. VP & CFO
    Comp: $1.63M
  • Mr. Thomas M. McGoughMr. Thomas M. McGough (Age 57)
    Co-COO & Exec. VP
    Comp: $1.65M
  • Mr. Darren C. SerraoMr. Darren C. Serrao (Age 55)
    Co-COO & Exec. VP
    Comp: $1.27M
  • Mr. Alexandre O. Eboli (Age 50)
    Exec. VP & Chief Supply Chain Officer
    Comp: $1.35M
  • Ms. Tracy Schaefer
    Sr. VP & Chief Information Officer
  • Ms. Melissa Napier
    Sr. VP of Investor Relation
  • Ms. Carey L. Bartell (Age 48)
    Exec. VP, Gen. Counsel & Corp. Sec.
  • Mr. Jonathan J. Harris (Age 54)
    Chief Communications Officer & Sr. VP
  • Ms. Charisse Brock (Age 60)
    Exec. VP & Chief HR Officer













CAG Stock - Frequently Asked Questions

Should I buy or sell Conagra Brands stock right now?

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.
View CAG analyst ratings
or view top-rated stocks.

What is Conagra Brands' stock price forecast for 2023?

11 equities research analysts have issued 12 month price targets for Conagra Brands' shares. Their CAG share price forecasts range from $34.00 to $48.00. On average, they predict the company's stock price to reach $40.45 in the next year. This suggests a possible upside of 9.6% 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 at the start of the year. Since then, CAG shares have decreased by 4.6% and is now trading at $36.91.
View the best growth stocks for 2023 here
.

Are investors shorting Conagra Brands?

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 trading volume, of 3,830,000 shares, the days-to-cover ratio is presently 2.6 days. Currently, 2.1% of the company's stock 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, April 6th 2023.
View our CAG earnings forecast
.

How were Conagra Brands' earnings last quarter?

Conagra Brands, Inc. (NYSE:CAG) announced its earnings results on Thursday, January, 5th. The company reported $0.81 EPS for the quarter, beating analysts' consensus estimates of $0.66 by $0.15. The business 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 quarter in the prior year, the business earned $0.64 EPS.
Read the conference call transcript
.

How often does Conagra Brands pay dividends? What is the dividend yield for Conagra Brands?

Conagra Brands announced a quarterly dividend on Wednesday, December 21st. Investors 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 annualized dividend and a yield of 3.58%. The ex-dividend date is Friday, January 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 3.62%. 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.

What guidance has Conagra Brands issued on next quarter's earnings?

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

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 a number of retail and institutional investors. Top institutional shareholders include Coho Partners Ltd. (1.00%), Sound Shore Management Inc. CT (0.41%), Sumitomo Mitsui Trust Holdings Inc. (0.29%), Allspring Global Investments Holdings LLC (0.21%), Bank of Montreal Can (0.20%) and UMB Bank n.a. (0.19%). 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.
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 $36.91.

How much money does Conagra Brands make?

Conagra Brands (NYSE:CAG) has a market capitalization of $17.59 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.

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 2/7/2023 by MarketBeat.com Staff