NYSE:CAGConagra Brands Stock Price, Forecast & News

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 shares have increased by 36.5% and is now trading at $36.60. View which stocks have been most impacted by Coronavirus.

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Conagra Brands in the last year. There are currently 9 hold ratings, 6 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Conagra Brands.

Conagra Brands is scheduled to release its next quarterly earnings announcement on Thursday, September 24th 2020. View our earnings forecast for Conagra Brands.

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

Conagra Brands declared a quarterly dividend on Thursday, April 16th. Investors of record on Thursday, April 30th will be paid a dividend of $0.2125 per share on Wednesday, June 3rd. This represents a $0.85 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date of this dividend is Wednesday, April 29th. View Conagra Brands' dividend history.

Conagra Brands updated its first quarter earnings guidance on Tuesday, June, 30th. The company provided earnings per share (EPS) guidance of $0.54.0.59 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.54.

16 brokerages have issued 1-year price objectives for Conagra Brands' stock. Their forecasts range from $29.00 to $41.00. On average, they expect Conagra Brands' stock price to reach $35.31 in the next year. This suggests that the stock has a possible downside of 3.5%. View analysts' price targets for Conagra Brands.

News headlines about CAG stock have trended negative on Thursday, InfoTrie Sentiment reports. The research firm scores the sentiment of press coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Conagra Brands earned a media sentiment score of -2.9 on InfoTrie's scale. They also assigned media headlines about the company a news buzz of 1.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the stock's share price in the near term. View the latest news about Conagra Brands.

Conagra Brands saw a decline in short interest in June. As of June 30th, there was short interest totaling 9,660,000 shares, a decline of 10.8% from the June 15th total of 10,830,000 shares. Based on an average trading volume of 3,920,000 shares, the short-interest ratio is presently 2.5 days. Currently, 2.0% of the company's shares are sold short. View Conagra Brands' Current Options Chain.

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), Seaboard (SEB) and Hain Celestial Group (HAIN). View all competitors.

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).

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 (0.09%), Envestnet Asset Management Inc. (0.05%), Wesbanco Bank Inc. (0.05%), F&V Capital Management LLC (0.04%), Manning & Napier Group LLC (0.04%) and Old Port Advisors (0.02%). 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, Robert G Wise, Ruth Ann Marshall, Sean Connolly, 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 State of Alaska Department of Revenue, First American Trust FSB, F&V Capital Management LLC, Exchange Traded Concepts LLC, First National Bank of Mount Dora Trust Investment Services, DNB Asset Management AS, IFM Investors Pty Ltd, and Municipal Employees Retirement System of Michigan. Company insiders that have sold Conagra Brands company stock in the last year include Colleen Batcheler, Jana Partners Llc, Joie A Gregor, Richard H Lenny, Robert G Wise, Ruth Ann Marshall, Thomas K Brown, and Thomas M Mcgough. View insider buying and selling activity for Conagra Brands.

CAG stock was acquired by a variety of institutional investors in the last quarter, including Envestnet Asset Management Inc., Wedbush Securities Inc., Exane Derivatives, Vigilant Capital Management LLC, Successful Portfolios LLC, Diligent Investors LLC, Gateway Investment Advisers LLC, and IMS Capital Management. 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.

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.

One share of CAG stock can currently be purchased for approximately $36.60.

Conagra Brands has a market capitalization of $17.83 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 18,000 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]