NYSE:CAG - Conagra Brands Stock Price, News & Analysis

$29.47
+0.62 (+2.15 %)
(As of 08/16/2019 04:00 PM ET)
Today's Range
$28.08
Now: $29.47
$29.57
50-Day Range
$26.47
MA: $28.26
$29.47
52-Week Range
$20.22
Now: $29.47
$38.43
Volume2.49 million shs
Average Volume4.08 million shs
Market Capitalization$14.33 billion
P/E Ratio14.66
Dividend Yield3.02%
Beta0.86
Conagra Brands, Inc, together with its subsidiaries, operates as a food company in North America. The company operates through Grocery & Snacks, Refrigerated & Frozen, International, and Foodservice segments. The Grocery & Snacks segment primarily offers shelf stable food products in various retail channels in the United States. The Refrigerated & Frozen segment provides temperature controlled food products in various retail channels in the United States. Read More…

Industry, Sector and Symbol

Industry Food & kindred products
Sub-IndustryPackaged Foods & Meats
SectorConsumer Staples
CUSIP20588710
Phone312-549-5000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$9.54 billion
Cash Flow$2.6478 per share
Book Value$15.35 per share

Profitability

Net Income$678.30 million

Miscellaneous

Employees18,000
Market Cap$14.33 billion
Next Earnings Date9/26/2019 (Estimated)
OptionableOptionable

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Conagra Brands (NYSE:CAG) Frequently Asked Questions

What is Conagra Brands' stock symbol?

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

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

Conagra Brands announced a quarterly dividend on Wednesday, July 17th. Shareholders of record on Tuesday, July 30th will be given a dividend of $0.2125 per share on Thursday, August 29th. This represents a $0.85 annualized dividend and a yield of 2.88%. The ex-dividend date is Monday, July 29th. View Conagra Brands' Dividend History.

How were Conagra Brands' earnings last quarter?

Conagra Brands Inc (NYSE:CAG) released its quarterly earnings results on Thursday, June, 27th. The company reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.42 by $0.06. The firm earned $2.61 billion during the quarter, compared to analysts' expectations of $2.66 billion. Conagra Brands had a return on equity of 13.74% and a net margin of 7.11%. The business's revenue for the quarter was up 32.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.50 EPS. View Conagra Brands' Earnings History.

When is Conagra Brands' next earnings date?

Conagra Brands is scheduled to release their next quarterly earnings announcement on Thursday, September 26th 2019. View Earnings Estimates for Conagra Brands.

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

Conagra Brands updated its FY20 earnings guidance on Thursday, June, 27th. The company provided EPS guidance of $2.08-2.18 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.16. The company issued revenue guidance of +13.5%-14.0% to $10.83-10.87 billion, compared to the consensus revenue estimate of $10.88 billion.

What price target have analysts set for CAG?

12 analysts have issued 1-year target prices for Conagra Brands' stock. Their predictions range from $30.00 to $45.00. On average, they anticipate Conagra Brands' stock price to reach $34.9091 in the next year. This suggests a possible upside of 18.5% from the stock's current price. View Analyst Price Targets for Conagra Brands.

What is the consensus analysts' recommendation for Conagra Brands?

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Conagra Brands in the last year. There are currently 1 sell rating, 2 hold ratings and 9 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Conagra Brands.

What are Wall Street analysts saying about Conagra Brands stock?

Here are some recent quotes from research analysts about Conagra Brands stock:
  • 1. According to Zacks Investment Research, "Conagra has outperformed the industry in the past six months. The company is gaining from the buyout of Pinnacle Foods, which boosted the top line during fourth-quarter fiscal 2019. The company is on track with the integration of the buyout. Further, it is striving to boost capabilities across the frozen and snacking businesses. Management is also progressing well with the value-over-volume strategy and plans to implement the same in the Pinnacle Foods portfolio. On the flip side, adverse impacts of divestitures were major deterrents during the fourth quarter, wherein the top and the bottom line missed the Zacks Consensus Estimate. The company is struggling against dismal performance in the Foodservice unit. These along with adverse currency and rising input cost woes have been limiting the company’s growth." (7/8/2019)
  • 2. Jefferies Financial Group Inc analysts commented, "Large-cap food stocks, incl. CAG, have underperformed recently on fears that weak industry sales growth & margin compression will lead to negative earnings revisions. However, we maintain that most of the issues impacting margins are transitory & that sales growth trends will improve as per our BSM thesis. We believe CAG’s 2Q base business sales growth & guidance will likely come in better than expected, potentially boosting NT sentiment on the stock. 2Q earnings preview – what to expect. CAG is scheduled to report 2Q19 results on 12/20 before the market open. We now expect 2Q EPS of $0.55 compared to $0.61 before. The $0.06 reduction in our estimate is entirely a function of the dilution from the PF deal, which closed 1 month earlier than our expectations. Management had guided to EPS of $0.57-$0.60 excluding the deal." (12/19/2018)

Has Conagra Brands been receiving favorable news coverage?

Headlines about CAG stock have trended negative recently, according to InfoTrie Sentiment. InfoTrie rates the sentiment of media coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Conagra Brands earned a news sentiment score of -2.3 on InfoTrie's scale. They also assigned news coverage about the company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the company's share price in the next several days. View News Stories for Conagra Brands.

Who are some of Conagra Brands' key competitors?

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 AT&T (T), General Electric (GE), Cisco Systems (CSCO), Intel (INTC), Home Depot (HD), Johnson & Johnson (JNJ), Procter & Gamble (PG), Verizon Communications (VZ), Starbucks (SBUX) and Pfizer (PFE).

Who are Conagra Brands' key executives?

Conagra Brands' management team includes the folowing people:
  • Mr. Sean M. Connolly, Pres, CEO & Director (Age 54)
  • Mr. David S. Marberger, Exec. VP & CFO (Age 54)
  • Mr. Thomas M. McGough, Co-COO & Exec. VP (Age 54)
  • Mr. Darren C. Serrao, Co-COO & Exec. VP (Age 52)
  • Ms. Colleen R. Batcheler, Exec. VP, Gen. Counsel & Corp. Sec. (Age 45)

Who are Conagra Brands' major shareholders?

Conagra Brands' stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (11.28%), BlackRock Inc. (8.35%), Nuveen Asset Management LLC (2.52%), Bank of New York Mellon Corp (2.10%), Invesco Ltd. (1.37%) and Northern Trust Corp (1.22%). Company insiders that own Conagra Brands stock include Colleen Batcheler, Craig P Omtvedt, David S Marberger, Joie A Gregor, Richard H Lenny, Robert G Wise, Ruth Ann Marshall, Sean Connolly, Stephen G Butler, Steven F Goldstone and Thomas K Brown. View Institutional Ownership Trends for Conagra Brands.

Which major investors are selling Conagra Brands stock?

CAG stock was sold by a variety of institutional investors in the last quarter, including Allianz Asset Management GmbH, BlackRock Inc., Bank of America Corp DE, Westfield Capital Management Co. LP, DekaBank Deutsche Girozentrale, Brown Advisory Inc., Amundi Pioneer Asset Management Inc. and Bank of New York Mellon Corp. Company insiders that have sold Conagra Brands company stock in the last year include Richard H Lenny and Ruth Ann Marshall. View Insider Buying and Selling for Conagra Brands.

Which major investors are buying Conagra Brands stock?

CAG stock was purchased by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, Invesco Ltd., Vanguard Group Inc., Poplar Forest Capital LLC, Eaton Vance Management, UBS Oconnor LLC, Clear Street Markets LLC and Parametric Portfolio Associates LLC. 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 for Conagra Brands.

How do I buy shares of 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, Scottrade, Fidelity and Charles Schwab.

What is Conagra Brands' stock price today?

One share of CAG stock can currently be purchased for approximately $29.47.

How big of a company is Conagra Brands?

Conagra Brands has a market capitalization of $14.33 billion and generates $9.54 billion in revenue each year. The company earns $678.30 million in net income (profit) each year or $2.01 on an earnings per share basis. Conagra Brands employs 18,000 workers across the globe.View Additional Information About Conagra Brands.

What is Conagra Brands' official website?

The official website for Conagra Brands is http://www.conagrabrands.com/.

How can I contact Conagra Brands?

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]


MarketBeat Community Rating for Conagra Brands (NYSE CAG)

Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  498 (Vote Outperform)
Underperform Votes:  580 (Vote Underperform)
Total Votes:  1,078
MarketBeat's community ratings are surveys of what our community members think about Conagra Brands and other stocks. Vote "Outperform" if you believe CAG will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CAG will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 8/17/2019 by MarketBeat.com Staff

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