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NYSE:CAG

Conagra Brands - CAG Stock Forecast, Price & News

$35.23
-0.01 (-0.03%)
(As of 08/17/2022 05:17 PM ET)
Add
Compare
Today's Range
$35.17
$35.63
50-Day Range
$31.37
$35.74
52-Week Range
$30.06
$36.97
Volume
2.96 million shs
Average Volume
4.47 million shs
Market Capitalization
$16.91 billion
P/E Ratio
19.15
Dividend Yield
3.75%
Price Target
$35.67

Conagra Brands MarketRank™ Forecast

Analyst Rating
Hold
2.22 Rating Score
Upside/​Downside
0.4% Upside
$35.67 Price Target
Short Interest
Healthy
2.14% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-2.29
Upright™ Environmental Score
News Sentiment
0.78mentions of Conagra Brands in the last 14 days
Based on 3 Articles This Week
Insider Trading
Acquiring Shares
$1.02 M Bought Last Quarter
Proj. Earnings Growth
6.22%
From $2.41 to $2.56 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.34 out of 5 stars

Consumer Staples Sector

68th out of 149 stocks

Food & Kindred Products Industry

7th out of 16 stocks

CAG stock logo

About Conagra Brands (NYSE:CAG) Stock

Conagra Brands, Inc., together with its subsidiaries, operates as a consumer packaged goods 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 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. The company sells its products under the Birds Eye, Duncan Hines, Healthy Choice, Marie Callender's, Reddi-wip, Slim Jim, Angie's BOOMCHICKAPOP, Duke's, Earth Balance, Gardein, and Frontera brands. The company was formerly known as ConAgra Foods, Inc. and changed its name to Conagra Brands, Inc. in November 2016. Conagra Brands, Inc. was incorporated in 1919 and is headquartered in Chicago, Illinois.

Analyst Upgrades and Downgrades

CAG has been the subject of a number of recent research reports. Morgan Stanley lowered their price objective on shares of Conagra Brands from $36.00 to $34.00 and set an "equal weight" rating for the company in a report on Friday, July 15th. Credit Suisse Group cut their price target on shares of Conagra Brands from $36.00 to $35.00 and set a "neutral" rating for the company in a research report on Friday, July 15th. UBS Group raised their price objective on Conagra Brands from $34.00 to $35.00 and gave the company a "neutral" rating in a research note on Friday, July 8th. Deutsche Bank Aktiengesellschaft lowered their target price on Conagra Brands from $35.00 to $32.00 in a research note on Friday, July 15th. Finally, Citigroup reduced their price target on Conagra Brands from $37.00 to $35.00 and set a "neutral" rating on the stock in a research report on Friday, July 15th. Eight investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $35.67.

Conagra Brands Trading Up 1.0 %

NYSE:CAG traded up $0.34 on Tuesday, hitting $35.24. The company's stock had a trading volume of 2,907,275 shares, compared to its average volume of 4,474,825. The firm has a market cap of $16.92 billion, a P/E ratio of 19.15, a PEG ratio of 2.04 and a beta of 0.59. Conagra Brands has a 52-week low of $30.06 and a 52-week high of $36.97. The company's 50-day simple moving average is $33.78 and its 200 day simple moving average is $34.02. The company has a current ratio of 0.86, a quick ratio of 0.31 and a debt-to-equity ratio of 0.91.

Conagra Brands (NYSE:CAG - Get Rating) last announced its quarterly earnings results on Thursday, July 14th. The company reported $0.65 EPS for the quarter, topping analysts' consensus estimates of $0.64 by $0.01. The company had revenue of $2.91 billion during the quarter, compared to analyst estimates of $2.93 billion. Conagra Brands had a return on equity of 12.99% and a net margin of 7.70%. The firm's revenue was up 6.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.54 earnings per share. Research analysts predict that Conagra Brands will post 2.41 EPS for the current fiscal year.

Conagra Brands Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 1st. Investors of record on Wednesday, August 3rd will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Tuesday, August 2nd. This represents a $1.32 annualized dividend and a dividend yield of 3.75%. This is a boost from Conagra Brands's previous quarterly dividend of $0.31. Conagra Brands's payout ratio is currently 71.74%.

Insider Buying and Selling

In other news, Director Emanuel Chirico bought 30,000 shares of Conagra Brands stock in a transaction on Monday, July 25th. The shares were purchased at an average price of $34.06 per share, for a total transaction of $1,021,800.00. Following the acquisition, the director now owns 40,788 shares of the company's stock, valued at $1,389,239.28. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.98% of the stock is owned by insiders.

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CAG Stock News Headlines

27 U.S. Cities Where Stocks Yield 26% a Year
What’s the highest-yielding stock you’ve ever owned? The dividends for these stocks have risen so fast over the years that they’re now yielding us an average of 26%! When you start getting paid 26% on your money, your financial problems tend to pretty much evaporate. pixel
Conagra Brands: Attractive Yield And Growing
27 U.S. Cities Where Stocks Yield 26% a Year
What’s the highest-yielding stock you’ve ever owned? The dividends for these stocks have risen so fast over the years that they’re now yielding us an average of 26%! When you start getting paid 26% on your money, your financial problems tend to pretty much evaporate. pixel
VP Of Conagra Brands Sold $103K In Stock
Conagra raises dividend by 5.6%
Conagra Not All That Appetizing Right Now
See More Headlines
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CAG Company Calendar

Ex-Dividend for 6/1 Dividend
4/28/2022
Dividend Payable
6/01/2022
Last Earnings
7/14/2022
Ex-Dividend for 9/1 Dividend
8/02/2022
Today
8/17/2022
Dividend Payable
9/01/2022
Next Earnings (Estimated)
10/06/2022
Fiscal Year End
5/31/2023

Industry, Sector and Symbol

Industry
Food & kindred products
Sub-Industry
Packaged Foods & Meats
CUSIP
20588710
Employees
18,000
Year Founded
1919

Price Target and Rating

Average Stock Price Forecast
$35.67
High Stock Price Forecast
$40.00
Low Stock Price Forecast
$32.00
Forecasted Upside/Downside
+1.2%
Consensus Rating
Hold
Rating Score (0-4)
2.22
Research Coverage
9 Analysts

Profitability

Net Income
$888.20 million
Pretax Margin
8.96%

Debt

Sales & Book Value

Annual Sales
$11.54 billion
Cash Flow
$3.19 per share
Book Value
$18.46 per share

Miscellaneous

Free Float
475,387,000
Market Cap
$16.91 billion
Optionable
Optionable
Beta
0.59

Social Links


Key Executives














CAG Stock - Frequently Asked Questions

Should I buy or sell Conagra Brands stock right now?

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Conagra Brands in the last year. There are currently 7 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" CAG shares. 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.
View CAG analyst ratings
or view top-rated stocks.

What is Conagra Brands' stock price forecast for 2022?

9 brokerages have issued 1 year price targets for Conagra Brands' stock. Their CAG share price forecasts range from $32.00 to $40.00. On average, they expect the company's share price to reach $35.67 in the next twelve months. This suggests a possible upside of 1.2% from the stock's current price.
View analysts price targets for CAG
or view top-rated stocks among Wall Street analysts.

How have CAG shares performed in 2022?

Conagra Brands' stock was trading at $34.15 at the beginning of the year. Since then, CAG stock has increased by 3.2% and is now trading at $35.24.
View the best growth stocks for 2022 here
.

Are investors shorting Conagra Brands?

Conagra Brands saw a decline in short interest in the month of July. As of July 15th, there was short interest totaling 10,720,000 shares, a decline of 16.3% from the June 30th total of 12,800,000 shares. Based on an average daily trading volume, of 4,270,000 shares, the days-to-cover ratio is currently 2.5 days. Currently, 2.2% of the company's stock are short sold.
View Conagra Brands' Short Interest
.

When is Conagra Brands' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 6th 2022.
View our CAG earnings forecast
.

How were Conagra Brands' earnings last quarter?

Conagra Brands, Inc. (NYSE:CAG) announced its quarterly earnings data on Thursday, July, 14th. The company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.01. The company earned $2.91 billion during the quarter, compared to analysts' expectations of $2.93 billion. Conagra Brands had a trailing twelve-month return on equity of 12.99% and a net margin of 7.70%. The firm's revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.54 EPS.
Read the conference call transcript
.

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

Conagra Brands announced a quarterly dividend on Friday, July 22nd. Shareholders of record on Wednesday, August 3rd will be paid a dividend of $0.33 per share on Thursday, September 1st. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.75%. The ex-dividend date of this dividend is Tuesday, August 2nd. This is a boost from the stock's previous quarterly dividend of $0.31.
Read our dividend analysis for CAG
.

Is Conagra Brands a good dividend stock?

Conagra Brands (NYSE:CAG) pays an annual dividend of $1.32 per share and currently has a dividend yield of 3.78%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 71.74%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CAG will have a dividend payout ratio of 51.56% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CAG.

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

Conagra Brands issued an update on its FY 2023 earnings guidance on Thursday, July, 28th. The company provided earnings per share (EPS) guidance of $2.38-$2.48 for the period, compared to the consensus earnings per share estimate of $2.54. The company issued revenue guidance of -.

What is Sean Connolly's approval rating as Conagra Brands' CEO?

381 employees have rated Conagra Brands Chief Executive Officer Sean Connolly on Glassdoor.com. Sean Connolly has an approval rating of 83% among the company's employees.

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), Procter & Gamble (PG), General Electric (GE) and Verizon Communications (VZ).

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 many different institutional and retail investors. Top institutional shareholders include Price T Rowe Associates Inc. MD (5.82%), State Street Corp (4.95%), Macquarie Group Ltd. (3.72%), Northern Trust Corp (1.19%), Coho Partners Ltd. (0.95%) and California Public Employees Retirement System (0.71%). Insiders that own company stock include Colleen Batcheler, Craig P Omtvedt, Darren Serrao, David Biegger, Emanuel Chirico, Jana Partners Llc, Joie A Gregor, Richard H Lenny, Robert G Wise, Thomas K Brown and Thomas M Mcgough.
View institutional ownership trends
.

How do I buy shares of Conagra Brands?

Shares of CAG stock 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.
Compare Top Brokerages Here.

What is Conagra Brands' stock price today?

One share of CAG stock can currently be purchased for approximately $35.24.

How much money does Conagra Brands make?

Conagra Brands (NYSE:CAG) has a market capitalization of $16.92 billion and generates $11.54 billion in revenue each year. The company earns $888.20 million in net income (profit) each year or $1.84 on an earnings per share basis.

How many employees does Conagra Brands have?

The company employs 18,000 workers across the globe.

Does Conagra Brands have any subsidiaries?
The following companies are subsidiares of Conagra Brands: Agro Tech Foods, Alexia Foods, American Pie - Assets, Angie's Artisan Treats, Angie's Artisan Treats LLC, Bertolli, Blake's All Natural Foods, Capitol Milling Co., ConAgra Foods AM Holdings LP, ConAgra Foods Enterprise Services Inc., ConAgra Foods Packaged Foods LLC, ConAgra Foods RDM Inc., ConAgra Foods Sales LLC, ConAgra Funding LLC, Conagra Brands Canada Inc., Conagra G&S (CAG) LLC, Conagra G&S (PF) LLC, Conagra R&F (PF) LLC, Del Monte Canada, Egg Beaters, Elan Nutrition, Fernando's Foods Corporation, Frontera Foods, GoodMark Foods, Holly Ridge Foods Inc., International Home Foods, Lightlife Foods, Lincoln Snacks, Litton Industries - Emerge, National Pretzel Company, Odom's Tennessee Pride, Pinnacle Foods, Ralcorp, Sandwich Bros. of Wisconsin, Saroni Sugar & Rice, Signature Foods, TaiMei Potato, Thanasi Foods, Twin City Foods - Assets, and Watts Brothers.
Read More
When was Conagra Brands founded?

Conagra Brands was founded in 1919.

How can I contact Conagra Brands?

Conagra Brands' mailing address is 222 W. MERCHANDISE MART PLAZA SUITE 1300, CHICAGO IL, 60654. The official website for the company is www.conagrabrands.com. The company can be reached via phone at (312) 549-5000, via email at ir@conagra.com, or via fax at 402-595-4709.

This page (NYSE:CAG) was last updated on 8/17/2022 by MarketBeat.com Staff

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