Conagra Brands - CAG Stock Forecast, Price & News

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Conagra Brands in the last twelve months. There are currently 7 hold ratings and 1 buy rating for the stock. The consensus among Wall Street 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.
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8 equities research analysts have issued 12 month target prices for Conagra Brands' stock. Their CAG share price forecasts range from $32.00 to $40.00. On average, they expect the company's stock price to reach $35.67 in the next year. This suggests a possible upside of 3.8% from the stock's current price.
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Conagra Brands' stock was trading at $34.15 at the beginning of 2022. Since then, CAG stock has increased by 0.6% and is now trading at $34.35.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, October 6th 2022.
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Conagra Brands will be holding an earnings conference call on Thursday, October 6th at 9:30 AM Eastern. Interested parties can register for or listen to the call using this link.

Conagra Brands, Inc. (NYSE:CAG) released its quarterly earnings data on Thursday, July, 14th. The company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.01. The business had revenue of $2.91 billion for 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 business's revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.54 EPS.
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Conagra Brands declared a quarterly dividend on Friday, July 22nd. Stockholders of record on Wednesday, August 3rd will be given 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 3.84%. The ex-dividend date of this dividend is Tuesday, August 2nd. This is a positive change from the stock's previous quarterly dividend of $0.31.
Read our dividend analysis for CAG.

Conagra Brands (NYSE:CAG) pays an annual dividend of $1.32 per share and currently has a dividend yield of 3.84%. 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 52.59% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CAG.

Conagra Brands issued an update on its FY 2023 earnings guidance on Thursday, July, 28th. The company provided earnings per share 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 -.

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.

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).

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

Conagra Brands' stock is owned by a variety of institutional and retail investors. Top institutional investors include Price T Rowe Associates Inc. MD (5.82%), State Street Corp (4.95%), Macquarie Group Ltd. (3.72%), Federated Hermes Inc. (1.27%), Northern Trust Corp (1.19%) and Coho Partners Ltd. (0.95%). 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.
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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.
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One share of CAG stock can currently be purchased for approximately $34.35.

Conagra Brands (NYSE:CAG) has a market capitalization of $16.49 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.

The company employs 18,000 workers across the globe.

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.