NYSE:CAGConagra Brands Stock Price, Forecast & News

$34.79

+0.88 (+2.60 %)

(As of 05/29/2020 04:00 PM ET)

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Today's Range

$33.70

Now: $34.79▼

$34.86

50-Day Range

$31.31

MA: $33.42▼

$34.61

52-Week Range

$22.83

Now: $34.79▼

$35.59

Volume5.40 million shs

Average Volume2.69 million shs

Market Capitalization$16.95 billion

P/E Ratio22.16

Dividend Yield2.51%

Beta0.82

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^™

2.2 Analyst's Opinion

Consensus Rating
Conagra Brands has received a consensus rating of Hold. The company's average rating score is 2.47, and is based on 6 buy ratings, 10 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $33.38, Conagra Brands has a potential downside of 4.1% from its current price of $34.79.
Amount of Analyst Coverage
Conagra Brands has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.3 Community Rank

Outperform Votes
Conagra Brands has received 570 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Conagra Brands has received 666 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Conagra Brands has received 53.88% “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.

3.3 Dividend Strength

Dividend Leadership
Conagra Brands is a leading dividend payer. It pays a dividend yield of 2.51%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Conagra Brands has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of Conagra Brands is 42.29 %. 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 36.96 % 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 $9,923,922.00 in company stock.
Percentage Held by Insiders
Only 0.84% of the stock of Conagra Brands is held by insiders.
Percentage Held by Institutions
82.70% 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 5.50% in the coming year, from $2.18 to $2.30 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Conagra Brands is 22.16, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 14.51.
Price to Earnings Ratio vs. Sector
The P/E ratio of Conagra Brands is 22.16, which means that it is trading at a less expensive P/E ratio than the Consumer Staples sector average P/E ratio of about 40.81.
Price to Earnings Growth Ratio
Conagra Brands has a PEG Ratio of 2.22. 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 2.27. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.02 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 Ratio1.16

Current Ratio0.87

Quick Ratio0.34

Price-To-Earnings

Trailing P/E Ratio22.16

Forward P/E Ratio15.96

P/E Growth2.22

Sales & Book Value

Annual Sales$9.54 billion

Price / Sales1.78

Cash Flow$2.59 per share

Price / Cash Flow13.43

Book Value$15.35 per share

Price / Book2.27

Profitability

EPS (Most Recent Fiscal Year)$2.01

Net Income$678.30 million

Net Margins7.37%

Return on Equity12.08%

Return on Assets4.13%

Miscellaneous

Employees18,000

Outstanding Shares487,080,000

Market Cap$16.95 billion

Next Earnings Date6/25/2020 (Estimated)

OptionableOptionable

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Conagra Brands (NYSE:CAG) Frequently Asked Questions

How has Conagra Brands' stock been impacted by COVID-19 (Coronavirus)?

Conagra Brands' stock was trading at $26.81 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, CAG stock has increased by 29.8% and is now trading at $34.79. View which stocks have been most impacted by Coronavirus.

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

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Conagra Brands in the last year. There are currently 10 hold ratings, 6 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Hold." 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, June 25th 2020. View our earnings forecast for Conagra Brands.

How were Conagra Brands' earnings last quarter?

Conagra Brands Inc (NYSE:CAG) issued its quarterly earnings data on Tuesday, March, 31st. The company reported $0.47 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.49 by $0.02. The firm had revenue of $2.56 billion for the quarter, compared to the consensus estimate of $2.59 billion. Conagra Brands had a return on equity of 12.08% and a net margin of 7.37%. The business's quarterly revenue was down 5.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.51 earnings per share. 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 Thursday, April 16th. Shareholders of record on Thursday, April 30th will be given a dividend of $0.2125 per share on Wednesday, June 3rd. This represents a $0.85 annualized dividend and a yield of 2.44%. The ex-dividend date of this dividend is Wednesday, April 29th. View Conagra Brands' dividend history.

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

Conagra Brands updated its FY 2020 IntraDay earnings guidance on Wednesday, April, 8th. The company provided EPS guidance of 2.07 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.18. The company issued revenue guidance of $10.54 billion, compared to the consensus revenue estimate of $10.86 billion.

What price target have analysts set for CAG?

17 analysts have issued twelve-month target prices for Conagra Brands' stock. Their forecasts range from $27.00 to $39.00. On average, they expect Conagra Brands' stock price to reach $33.38 in the next year. This suggests that the stock has a possible downside of 4.1%. View analysts' price targets for Conagra Brands.

Has Conagra Brands been receiving favorable news coverage?

Media stories about CAG stock have been trending neutral recently, InfoTrie Sentiment Analysis reports. The research firm identifies positive and negative media coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Conagra Brands earned a daily sentiment score of 0.5 on InfoTrie's scale. They also assigned news articles about the company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the stock's share price in the near term. View the latest news aboutConagra Brands.

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), Pilgrim's Pride (PPC), Flowers Foods (FLO), Lancaster Colony (LANC), Seaboard (SEB) and Sanderson Farms (SAFM). 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 Intel (INTC), Johnson & Johnson (JNJ), Cisco Systems (CSCO), Walt Disney (DIS), General Electric (GE), AT&T (T), NVIDIA (NVDA), Pfizer (PFE), Home Depot (HD) and QUALCOMM (QCOM).

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."

Who are Conagra Brands' major shareholders?

Conagra Brands' stock is owned by a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (8.30%), Capital World Investors (7.81%), State Street Corp (4.49%), Jana Partners LLC (2.41%), Geode Capital Management LLC (1.56%) and Bank of New York Mellon Corp (1.14%). Company insiders that own Conagra Brands stock include Colleen Batcheler, Craig P Omtvedt, David S Marberger, Jana Partners Llc, Joie A Gregor, Richard H Lenny, Ruth Ann Marshall, Sean Connolly, Steven F Goldstone, Thomas K Brown and Thomas M Mcgough. 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 Jana Partners LLC, Bank of New York Mellon Corp, BlackRock Inc., Morgan Stanley, Morgan Stanley, First Trust Advisors LP, Deutsche Bank AG, and Nuveen Asset Management LLC. Company insiders that have sold Conagra Brands company stock in the last year include Colleen Batcheler, Jana Partners Llc, Richard H Lenny, Ruth Ann Marshall, Thomas K Brown, and Thomas M Mcgough. View insider buying and selling activity 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 Capital World Investors, State of Tennessee Treasury Department, Janus Henderson Group PLC, Swiss National Bank, Parametric Portfolio Associates LLC, Cullen Capital Management LLC, 1832 Asset Management L.P., and Alliancebernstein L.P.. 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 activity 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, Robinhood, Fidelity, and Charles Schwab.

What is Conagra Brands' stock price today?

One share of CAG stock can currently be purchased for approximately $34.79.

How big of a company is Conagra Brands?

Conagra Brands has a market capitalization of $16.95 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.

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 5/30/2020 by MarketBeat.com Staff