Conagra Brands Stock Forecast, Price & News

Conagra Brands' stock was trading at $26.81 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, CAG stock has increased by 28.2% and is now trading at $34.38.
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11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Conagra Brands in the last twelve months. There are currently 1 sell rating, 6 hold ratings, 3 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Conagra Brands stock. 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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381 employees have rated Conagra Brands CEO Sean Connolly on Glassdoor.com. Sean Connolly has an approval rating of 83% among Conagra Brands' employees.

Conagra Brands is scheduled to release its next quarterly earnings announcement on Tuesday, March 30th 2021.
View our earnings forecast for Conagra Brands.

Conagra Brands, Inc. (NYSE:CAG) released its earnings results on Wednesday, January, 6th. The company reported $0.81 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.74 by $0.07. The firm had revenue of $3 billion for the quarter, compared to the consensus estimate of $2.98 billion. Conagra Brands had a trailing twelve-month return on equity of 16.50% and a net margin of 9.67%. The company's quarterly revenue was up 6.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.63 earnings per share.
View Conagra Brands' earnings history.

Conagra Brands declared a quarterly dividend on Friday, December 11th. Shareholders of record on Friday, January 29th will be given a dividend of $0.275 per share on Wednesday, March 3rd. This represents a $1.10 annualized dividend and a dividend yield of 3.20%. The ex-dividend date of this dividend is Thursday, January 28th.
View Conagra Brands' dividend history.

Conagra Brands pays an annual dividend of $1.10 per share and currently has a dividend yield of 3.23%. Conagra Brands does not yet have a strock track record of dividend growth. The dividend payout ratio of Conagra Brands is 48.25%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Conagra Brands will have a dividend payout ratio of 42.15% next year. This indicates that Conagra Brands will be able to sustain or increase its dividend.
View Conagra Brands' dividend history.

Conagra Brands updated its FY22 earnings guidance on Thursday, January, 7th. The company provided EPS guidance of $2.66-2.76 for the period, compared to the Thomson Reuters consensus estimate of $2.49.

11 brokerages have issued 12 month price objectives for Conagra Brands' shares. Their forecasts range from $30.00 to $41.00. On average, they anticipate Conagra Brands' share price to reach $35.64 in the next year. This suggests a possible upside of 3.7% from the stock's current price.
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Some companies that are related to Conagra Brands include Mondelez International (MDLZ), General Mills (GIS), The Hershey (HSY), Hormel Foods (HRL), McCormick & Company, Incorporated (MKC), Tyson Foods (TSN), Kellogg (K), Campbell Soup (CPB), The J. M. Smucker (SJM), Post (POST), Pilgrim's Pride (PPC), Lancaster Colony (LANC), Flowers Foods (FLO), The 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), AT&T (T), The Walt Disney (DIS), Cisco Systems (CSCO), NVIDIA (NVDA), The 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 retail and institutional investors. Top institutional shareholders include Vigilant Capital Management LLC (0.10%), F&V Capital Management LLC (0.04%), LVM Capital Management Ltd. MI (0.04%), Manning & Napier Group LLC (0.04%), Old Port Advisors (0.02%) and State of Alaska Department of Revenue (0.02%). Company insiders that own Conagra Brands stock include Colleen Batcheler, Craig P Omtvedt, David Biegger, Jana Partners Llc, Joie A Gregor, Richard H Lenny, Robert G Wise, Ruth Ann Marshall, 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 Pacer Advisors Inc., Park Avenue Securities LLC, Avantax Advisory Services Inc., Arden Trust Co, Kestra Private Wealth Services LLC, DNB Asset Management AS, Gilman Hill Asset Management LLC, and Bowling Portfolio Management LLC. 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.
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CAG stock was purchased by a variety of institutional investors in the last quarter, including LVM Capital Management Ltd. MI, Vigilant Capital Management LLC, New England Research & Management Inc., Kestra Advisory Services LLC, F&V Capital Management LLC, IMS Capital Management, IFM Investors Pty Ltd, and Manning & Napier Group LLC. Company insiders that have bought Conagra Brands stock in the last two years include Craig P Omtvedt, Joie A Gregor, and Richard H Lenny.
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Shares of CAG 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.

One share of CAG stock can currently be purchased for approximately $34.38.

Conagra Brands has a market capitalization of $16.80 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]