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About Conagra Brands (NYSE:CAG)
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. The International reporting segment offers food products in various temperature states in retail and foodservice channels outside of the United States. The Foodservice segment offers food products, including meals, entrees, sauces, and various custom-manufactured culinary products packaged for sale to restaurants and other foodservice establishments in the United States. Conagra Brands, Inc. markets its products under the Marie Callender's, Reddi-wip, Hunt's, Healthy Choice, Slim Jim, Orville Redenbacher's, Alexia, Blake's, Frontera, and Duke's brand names. 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.
Industry, Sector and Symbol
Industry Food & kindred products
Sub-IndustryPackaged Foods & Meats
Trailing P/E Ratio21.53
Forward P/E Ratio18.26
Sales & Book Value
Annual Sales$7.83 billion
Price / Sales1.92
Cash Flow$2.4258 per share
Price / Cash15.43
Book Value$9.58 per share
Price / Book3.91
EPS (Most Recent Fiscal Year)$1.74
Net Income$639.30 million
Return on Equity21.08%
Return on Assets7.96%
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 Friday, April 20th. Investors of record on Monday, April 30th will be paid a dividend of $0.2125 per share on Thursday, May 31st. This represents a $0.85 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date of this dividend is Friday, April 27th. View Conagra Brands' Dividend History.
How will Conagra Brands' stock buyback program work?
Conagra Brands declared that its board has authorized a share repurchase plan on Friday, June 30th 2017, which permits the company to repurchase $1,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to buy up to 6.5% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's leadership believes its stock is undervalued.
How were Conagra Brands' earnings last quarter?
Conagra Brands Inc (NYSE:CAG) announced its quarterly earnings results on Thursday, March, 22nd. The company reported $0.61 earnings per share for the quarter, beating analysts' consensus estimates of $0.56 by $0.05. The firm had revenue of $1.99 billion for the quarter, compared to analysts' expectations of $2 billion. Conagra Brands had a net margin of 11.36% and a return on equity of 21.08%. Conagra Brands's quarterly revenue was up .7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.48 EPS. View Conagra Brands' Earnings History.
When is Conagra Brands' next earnings date?
What guidance has Conagra Brands issued on next quarter's earnings?
Conagra Brands issued an update on its FY18 earnings guidance on Thursday, March, 22nd. The company provided EPS guidance of $2.03-2.05 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.01.
What price target have analysts set for CAG?
9 analysts have issued 1 year price targets for Conagra Brands' stock. Their forecasts range from $39.00 to $46.00. On average, they anticipate Conagra Brands' stock price to reach $41.8750 in the next year. 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, "Over the last three months, Conagra’s shares outperformed the industry. Stronger innovation, as well as new merchandising, distribution and consumer trail-related investments, will likely boost Conagra’s revenues in the future. On the other hand, meaningful acquisitions and divestments, lower corporate tax rates and sturdier top-line performance are expected to drive profitability in the quarters ahead. The company has also raised earnings guidance for fiscal 2018 from $1.84-$1.89 per share to $2.03-$2.05 per share range. Also, Conagra remains on track to increase shareholders’ remuneration over time. Over the last 60 days, Zacks Consensus Estimate for the stock has been revised upwards for fiscals 2018 and 2019." (5/24/2018)
- 2. Jefferies Group LLC analysts commented, "CAG’s 3Q EBIT was slightly below consensus & 2018 EBIT guidance was unchanged. Results/guidance is much better than feared especially considering the significant guide down by GIS yesterday. Sales were generally in-line despite greater than expected retailer inventory reductions, which is encouraging. Gross margins were lower than expected driven by higher input costs and growth-related investments both of which we view as transitory. FY18 EPS guidance raised and implies 4Q sales and EBIT above consensus. EPS guidance was raised to a range of $2.03 to $2.05 from a range of $1.95 to $2.02. Sales and margin guidance is unchanged and previous guidance already included the benefit from tax reform. Interest expense is coming in well below initial guidance and points to strong cash flow generation. Relative to consensus, new guidance implies 4Q18 sales 4% above, EBIT 2% above and EPS 18% above." (3/22/2018)
Who are some of Conagra Brands' key competitors?
Some companies that are related to Conagra Brands include Mondelez International (MDLZ), Danone (DANOY), Campbell Soup (CPB), Blue Buffalo Pet Products (BUFF), Pinnacle Foods (PF), Flowers Foods (FLO), Tate & Lyle (TATYY), Nomad Foods (NOMD), Hain Celestial Group (HAIN), B&G Foods (BGS), Simply Good Foods (SMPL), Amira Nature Foods (ANFI), TDH (PETZ), Health Enhancement Products (ZIVO) and Nutrastar International (NUIN).
Who are Conagra Brands' key executives?
Conagra Brands' management team includes the folowing people:
- Mr. Sean M. Connolly, Pres, CEO & Director (Age 53)
- Mr. David S. Marberger, Exec. VP & CFO (Age 53)
- Ms. Colleen R. Batcheler, Exec. VP, Gen. Counsel & Corp. Sec. (Age 44)
- Mr. David B. Biegger, Exec. VP & Chief Supply Chain Officer (Age 59)
- Mr. Thomas M. McGough, Pres of Operating Segments (Age 53)
Has Conagra Brands been receiving favorable news coverage?
Media coverage about CAG stock has been trending somewhat positive this week, according to Accern Sentiment. The research firm identifies negative and positive news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Conagra Brands earned a daily sentiment score of 0.07 on Accern's scale. They also gave news coverage about the company an impact score of 46.56 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the next few days.
Who are Conagra Brands' major shareholders?
Conagra Brands' stock is owned by many different of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (7.33%), American Century Companies Inc. (2.95%), Neuberger Berman Group LLC (1.72%), Northern Trust Corp (1.23%), Valueinvest Asset Management S.A. (1.15%) and Coho Partners Ltd. (0.64%). Company insiders that own Conagra Brands stock include Colleen Batcheler, John Gehring, Joie A Gregor, Rajive Johri, Robert G Wise, Ruth Ann Marshall, Stephen G Butler and William G Jurgensen. 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 JPMorgan Chase & Co., Millennium Management LLC, Royal Bank of Canada, Federated Investors Inc. PA, The Manufacturers Life Insurance Company , Victory Capital Management Inc., Swiss National Bank and UBS Group AG. Company insiders that have sold Conagra Brands company stock in the last year include Colleen Batcheler, Joie A Gregor, Robert G Wise, Ruth Ann Marshall and Stephen G Butler. View Insider Buying and Selling for Conagra Brands.
Which major investors are buying Conagra Brands stock?
CAG stock was bought by a variety of institutional investors in the last quarter, including Coho Partners Ltd., BlackRock Inc., Darrell & King LLC, O Shaughnessy Asset Management LLC, Korea Investment CORP, Russell Investments Group Ltd., Ceredex Value Advisors LLC and Foresters Investment Management Company Inc.. 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 $37.43.
How big of a company is Conagra Brands?
Conagra Brands has a market capitalization of $14.80 billion and generates $7.83 billion in revenue each year. The company earns $639.30 million in net income (profit) each year or $1.74 on an earnings per share basis. Conagra Brands employs 12,600 workers across the globe.
How can I contact Conagra Brands?
Conagra Brands' mailing address is 222 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 (CAG)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.
Conagra Brands (NYSE:CAG) Price Target and Consensus Rating (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
9 Wall Street analysts have issued ratings and price targets for Conagra Brands in the last 12 months. Their average twelve-month price target is $41.8750, suggesting that the stock has a possible upside of 11.88%. The high price target for CAG is $46.00 and the low price target for CAG is $39.00. There are currently 3 hold ratings and 6 buy ratings for the stock, resulting in a consensus rating of "Buy."
|Today||30 Days Ago||90 Days Ago||180 Days Ago|
|Consensus Rating: ||Buy||Buy||Buy||Buy|
|Consensus Rating Score: ||2.67||2.67||2.67||2.55|
|Ratings Breakdown: ||0 Sell Rating(s)|
3 Hold Rating(s)
6 Buy Rating(s)
0 Strong Buy Rating(s)
|0 Sell Rating(s)|
3 Hold Rating(s)
6 Buy Rating(s)
0 Strong Buy Rating(s)
|0 Sell Rating(s)|
3 Hold Rating(s)
6 Buy Rating(s)
0 Strong Buy Rating(s)
|2 Sell Rating(s)|
1 Hold Rating(s)
8 Buy Rating(s)
0 Strong Buy Rating(s)
|Consensus Price Target: ||$41.8750||$41.8750||$40.5556||$40.00|
|Price Target Upside: ||11.88% upside||16.45% upside||7.66% upside||18.73% upside|
Conagra Brands (NYSE:CAG) Consensus Price Target History
Conagra Brands (NYSE:CAG) Analyst Ratings History
(Data available from 5/25/2016 forward)
Conagra Brands (NYSE:CAG) Dividend Information
Conagra Brands pays an annual dividend of $0.85 per share, with a dividend yield of 2.27%. CAG's next quarterly dividend payment will be made on Thursday, May 31. Conagra Brands pays out 48.85% of its earnings out as a dividend.
|Dividend Growth:||-6.20% (3 Year Average)|
|Payout Ratio(s):||48.85% (Trailing 12 Months of Earnings) |
41.46% (Based on This Year's Estimates)
36.80% (Based on Next Year's Estimates)
35.04% (Based on Cash Flow)
Conagra Brands (NYSE:CAG) Dividend History by Quarter
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Conagra Brands (NYSE CAG) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 0.79%
Institutional Ownership Percentage: 76.71%
Conagra Brands (NYSE CAG) Insider Trading History
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Shares Held After Transaction||Details|
|4/6/2018||Stephen G Butler||Director||Sell||12,092||$37.18||$449,580.56||127,755|| |
|4/4/2018||Robert G Wise||SVP||Sell||5,908||$37.12||$219,304.96||22,781|| |
|3/26/2018||Ruth Ann Marshall||Director||Sell||6,046||$35.86||$216,809.56|| |
|1/4/2018||Robert G Wise||SVP||Sell||23,170||$37.87||$877,447.90||51,859|| |
|12/28/2017||Joie A Gregor||Director||Sell||5,250||$38.04||$199,710.00|| |
|12/28/2017||Joie A. Gregor||Director||Sell||5,250||$38.04||$199,710.00|| |
|11/29/2017||Colleen Batcheler||EVP||Sell||120,451||$37.50||$4,516,912.50||211,514|| |
|10/13/2017||Colleen Batcheler||EVP||Sell||133,869||$34.28||$4,589,029.32|| |
|7/12/2017||Ruth Ann Marshall||Director||Sell||6,046||$33.22||$200,848.12||89,260|| |
|7/3/2017||Stephen G. Butler||Director||Sell||5,848||$35.80||$209,358.40|| |
|3/29/2017||Ruth Ann Marshall||Director||Sell||6,046||$40.61||$245,528.06|| |
|1/5/2017||Joie A. Gregor||Director||Sell||3,300||$39.01||$128,733.00|| |
|7/15/2016||Robert G Wise||SVP||Sell||15,708||$47.90||$752,413.20||34,326|| |
|7/14/2016||Robert G Wise||SVP||Sell||17,245||$48.19||$831,036.55||35,863|| |
|7/8/2016||William G. Jurgensen||Director||Sell||4,636||$47.88||$221,971.68|| |
|7/7/2016||Stephen G Butler||Director||Sell||4,607||$48.10||$221,596.70||89,850|| |
|7/6/2016||Rajive Johri||Director||Sell||15,000||$47.53||$712,950.00|| |
|7/5/2016||John Gehring||CFO||Sell||159,057||$48.14||$7,657,003.98||157,452|| |
|7/5/2016||Robert G Wise||SVP||Sell||36,654||$48.16||$1,765,256.64||55,272|| |
|4/12/2016||Scott E Messel||SVP||Sell||22,992||$46.31||$1,064,759.52||115,549|| |
|4/7/2016||Thomas M Mcgough||Insider||Sell||60,000||$46.00||$2,760,000.00||116,341|| |
|1/6/2016||Scott E. Messel||SVP||Sell||50,000||$41.87||$2,093,500.00||105,549|| |
|12/24/2015||Andrew George Ross||EVP||Sell||155,292||$42.22||$6,556,428.24||43,281|| |
|12/24/2015||Rajive Johri||Director||Sell||6,750||$42.21||$284,917.50||31,918|| |
|12/24/2015||Scott E. Messel||SVP||Sell||30,000||$42.32||$1,269,600.00||105,549|| |
|4/9/2015||Andrew George Ross||EVP||Sell||64,770||$37.75||$2,445,067.50|| |
|4/8/2015||Colleen Batcheler||EVP||Sell||84,000||$37.99||$3,191,160.00|| |
|4/7/2015||Mogens C Bay||Director||Sell||30,495||$37.96||$1,157,590.20|| |
|4/6/2015||John Gehring||CFO||Sell||160,000||$37.96||$6,073,600.00|| |
|4/2/2015||Scott E Messel||SVP||Sell||30,000||$37.50||$1,125,000.00|| |
|3/31/2015||Albert D Bolles||EVP||Sell||220,000||$36.73||$8,080,600.00|| |
|3/30/2015||Scott E Messel||SVP||Sell||45,000||$36.56||$1,645,200.00|| |
|1/6/2015||Nicole B Theophilus||EVP||Sell||36,000||$35.34||$1,272,240.00|| |
|1/5/2015||Nicole B Theophilus||EVP||Sell||11,200||$35.61||$398,832.00|| |
|1/5/2015||Scott E Messel||SVP||Sell||15,000||$35.60||$534,000.00|| |
|1/5/2015||Thomas M Mcgough||Insider||Sell||16,679||$36.04||$601,111.16|| |
|12/23/2014||Robert G Wise||SVP||Sell||6,600||$36.90||$243,540.00|| |
|12/22/2014||Colleen Batcheler||EVP||Sell||176,000||$36.58||$6,438,080.00|| |
|12/22/2014||John Gehring||CFO||Sell||160,000||$36.82||$5,891,200.00|| |
|11/18/2014||Thomas M Mcgough||Insider||Sell||3,460||$35.00||$121,100.00|| |
|9/24/2014||Albert D Bolles||EVP||Sell||120,000||$33.44||$4,012,800.00|| |
|9/23/2014||Thomas M Mcgough||Insider||Sell||5,241||$33.13||$173,634.33|| |
|7/14/2014||Kenneth E Stinson||Director||Sell||7,591||$30.58||$232,132.78|| |
|7/14/2014||Nicole B Theophilus||EVP||Sell||28,000||$30.63||$857,640.00|| |
|7/10/2014||Steven F Goldstone||Director||Sell||9,000||$30.51||$274,590.00|| |
|7/9/2014||William G Jurgensen||Director||Sell||7,581||$30.64||$232,281.84|| |
|7/7/2014||Stephen G Butler||Director||Sell||9,000||$30.99||$278,910.00|| |
|7/3/2014||Colleen Batcheler||EVP||Sell||42,000||$31.02||$1,302,840.00|| |
|7/3/2014||Thomas M Mcgough||Insider||Sell||3,937||$31.07||$122,322.59|| |
|7/1/2014||Mogens C Bay||Director||Sell||7,827||$29.67||$232,227.09|| |
|6/30/2014||Gary M Rodkin||CEO||Sell||50,000||$29.35||$1,467,500.00|| |
|6/23/2014||Gary M Rodkin||CEO||Sell||50,000||$28.84||$1,442,000.00|| |
|6/16/2014||Gary M Rodkin||CEO||Sell||50,000||$32.44||$1,622,000.00|| |
|6/9/2014||Gary M Rodkin||CEO||Sell||50,000||$32.65||$1,632,500.00|| |
|6/2/2014||Gary M Rodkin||CEO||Sell||50,000||$32.19||$1,609,500.00|| |
|5/19/2014||Gary Rodkin||CEO||Sell||50,000||$31.27||$1,563,500.00||639,765|| |
|5/5/2014||Gary Rodkin||CEO||Sell||50,000||$30.17||$1,508,500.00||639,765|| |
|4/28/2014||Gary Rodkin||CEO||Sell||50,000||$30.86||$1,543,000.00||639,765|| |
|3/24/2014||Joie Gregor||Director||Buy||3,300||$30.26||$99,858.00||33,017|| |
|3/24/2014||Nicole Theophilus||EVP||Sell||18,000||$30.11||$541,980.00||33,918|| |
|9/23/2013||William Jurgensen||Director||Sell||6,217||$31.00||$192,727.00||84,856|| |
|8/12/2013||John Gehring||CFO||Sell||40,000||$36.49||$1,459,600.00||153,528|| |
|7/11/2013||Robert G Wise||SVP||Sell||8,500||$36.53||$310,505.00|| |
|7/8/2013||Scott E Messel||SVP||Sell||60,000||$35.83||$2,149,800.00|| |
|7/5/2013||Colleen Batcheler||EVP||Sell||82,225||$35.47||$2,916,520.75|| |
|7/3/2013||Stephen G Butler||Director||Sell||9,000||$35.67||$321,030.00|| |
|7/3/2013||Thomas M Mcgough||Insider||Sell||7,074||$35.65||$252,188.10|| |
|7/2/2013||Joie A Gregor||Director||Sell||13,000||$35.29||$458,770.00|| |
|7/1/2013||John Gehring||CFO||Sell||80,000||$35.19||$2,815,200.00|| |
|4/11/2013||Andre J Hawaux||Insider||Sell||250,000||$34.89||$8,722,500.00|| |
|4/11/2013||Robert G Wise||SVP||Sell||7,000||$34.90||$244,300.00|| |
|4/10/2013||Scott E Messel||SVP||Sell||47,000||$34.75||$1,633,250.00|| |
Conagra Brands (NYSE CAG) News Headlines
Conagra Brands (NYSE:CAG) SEC Filings
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Conagra Brands (NYSE:CAG) Income Statement, Balance Sheet and Cash Flow Statement
Conagra Brands (NYSE CAG) Stock Chart for Friday, May, 25, 2018