NYSE:CAG

Conagra Brands Stock Forecast, Price & News

$35.48

+0.02 (+0.06 %)

(As of 09/29/2020 12:00 AM ET)

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Today's Range

$35.11

Now: $35.48▼

$35.75

50-Day Range

$33.86

MA: $36.59▼

$38.77

52-Week Range

$22.83

Now: $35.48▼

$39.34

Volume2.53 million shs

Average Volume4.00 million shs

Market Capitalization$17.33 billion

P/E Ratio20.63

Dividend Yield2.40%

Beta0.85

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. sells its products under the Marie Callender's, Reddi-wip, Hunt's, Healthy Choice, Slim Jim, Orville Redenbacher's, Alexia, Angie's BOOMCHICKAPOP, Blake's, Duke's, Frontera, Banquet, Chef Boyardee, and BIGS 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.

Beat the Market (BTM) Rank^™

1.3 Analyst's Opinion

Consensus Rating
Conagra Brands has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 5 buy ratings, 8 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $35.64, Conagra Brands has a forecasted upside of 0.5% from its current price of $35.48.
Amount of Analyst Coverage
Conagra Brands has only been the subject of 1 research reports in the past 90 days.

2.3 Community Rank

Outperform Votes
Conagra Brands has received 575 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Conagra Brands has received 674 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Conagra Brands has received 53.96% “underperform” votes from our community.

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.

2.5 Dividend Strength

Dividend Yield
Conagra Brands pays a meaningful dividend of 2.40%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Conagra Brands has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of Conagra Brands is 37.28%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Conagra Brands will have a dividend payout ratio of 32.57% next year. This indicates that Conagra Brands will be able to sustain or increase its dividend.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Conagra Brands insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $10,323,940.00 in company stock.
Percentage Held by Insiders
Only 2.60% of the stock of Conagra Brands is held by insiders.
Percentage Held by Institutions
81.14% of the stock of Conagra Brands is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3 Earnings and Valuation

Earnings Growth
Earnings for Conagra Brands are expected to grow by 9.21% in the coming year, from $2.39 to $2.61 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Conagra Brands is 20.63, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 18.60.
Price to Earnings Ratio vs. Sector
The P/E ratio of Conagra Brands is 20.63, which means that it is trading at a less expensive P/E ratio than the Consumer Staples sector average P/E ratio of about 48.78.
Price to Earnings Growth Ratio
Conagra Brands has a PEG Ratio of 2.10. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Conagra Brands has a P/B Ratio of 2.17. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

1.66 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Food & kindred products

Sub-IndustryPackaged Foods & Meats

SectorConsumer Staples

Current SymbolNYSE:CAG

Previous Symbol

CUSIP20588710

CIK23217

Webwww.conagrabrands.com

Phone312-549-5000

Debt

Debt-to-Equity Ratio1.12

Current Ratio0.88

Quick Ratio0.46

Price-To-Earnings

Trailing P/E Ratio20.63

Forward P/E Ratio14.85

P/E Growth2.1

Sales & Book Value

Annual Sales$11.05 billion

Price / Sales1.57

Cash Flow$3.12 per share

Price / Cash Flow11.37

Book Value$16.32 per share

Price / Book2.17

Profitability

EPS (Most Recent Fiscal Year)$2.28

Net Income$840.10 million

Net Margins7.60%

Return on Equity14.38%

Return on Assets4.99%

Miscellaneous

Employees16,500

Outstanding Shares488,480,000

Market Cap$17.33 billion

Next Earnings Date10/1/2020 (Confirmed)

OptionableOptionable

$35.48

+0.02 (+0.06 %)

(As of 09/29/2020 12:00 AM ET)

30 days | 90 days | 365 days | Advanced Chart

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Conagra Brands (NYSE:CAG) Frequently Asked Questions

How has Conagra Brands' stock price been impacted by COVID-19?

Conagra Brands' stock was trading at $26.81 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, CAG shares have increased by 32.3% and is now trading at $35.48.
View which stocks have been most impacted by COVID-19.

Do Wall Street analysts recommend investors buy shares of Conagra Brands?

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Conagra Brands in the last year. There are currently 8 hold ratings, 5 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Conagra Brands.

When is Conagra Brands' next earnings date?

Conagra Brands is scheduled to release its next quarterly earnings announcement on Thursday, October 1st 2020.
View our earnings forecast for Conagra Brands.

How can I listen to Conagra Brands' earnings call?

Conagra Brands will be holding an earnings conference call on Thursday, October 1st at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were Conagra Brands' earnings last quarter?

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

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

Conagra Brands announced a quarterly dividend on Friday, July 24th. Shareholders of record on Tuesday, August 4th will be given a dividend of $0.2125 per share on Thursday, September 3rd. This represents a $0.85 annualized dividend and a yield of 2.40%. The ex-dividend date is Monday, August 3rd.
View Conagra Brands' dividend history.

What price target have analysts set for CAG?

14 analysts have issued twelve-month price objectives for Conagra Brands' shares. Their forecasts range from $29.00 to $41.00. On average, they anticipate Conagra Brands' stock price to reach $35.64 in the next year. This suggests a possible upside of 0.5% from the stock's current price.
View analysts' price targets for Conagra Brands.

Are investors shorting Conagra Brands?

Conagra Brands saw a drop in short interest in the month of September. As of September 15th, there was short interest totaling 7,590,000 shares, a drop of 11.7% from the August 31st total of 8,600,000 shares. Based on an average daily trading volume, of 2,920,000 shares, the short-interest ratio is presently 2.6 days.
View Conagra Brands' Short Interest.

Who are some of Conagra Brands' key competitors?

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), Hain Celestial Group (HAIN) and Seaboard (SEB).
View all 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 Johnson & Johnson (JNJ), Pfizer (PFE), Intel (INTC), AT&T (T), Walt Disney (DIS), Cisco Systems (CSCO), NVIDIA (NVDA), General Electric (GE), Procter & Gamble (PG) and Verizon Communications (VZ).

Who are Conagra Brands' key executives?

Conagra Brands' management team includes the following 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)

What is Conagra Brands' stock symbol?

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

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, Robinhood, Fidelity, and Charles Schwab.

What is Conagra Brands' stock price today?

One share of CAG stock can currently be purchased for approximately $35.48.

How big of a company is Conagra Brands?

Conagra Brands has a market capitalization of $17.33 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.

What is Conagra Brands' official website?

The official website for Conagra Brands is 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]

This page was last updated on 9/30/2020 by MarketBeat.com Staff

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