Conagra Brands - CAG Stock Forecast, Price & News

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Conagra Brands in the last twelve months. There are currently 6 hold ratings and 5 buy ratings 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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11 equities research analysts have issued 12-month price targets for Conagra Brands' shares. Their CAG share price forecasts range from $35.00 to $48.00. On average, they expect the company's share price to reach $40.73 in the next year. This suggests a possible upside of 9.5% from the stock's current price.
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Conagra Brands' stock was trading at $38.70 at the beginning of the year. Since then, CAG stock has decreased by 3.9% and is now trading at $37.21.
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Conagra Brands saw a increase in short interest during the month of February. As of February 15th, there was short interest totaling 14,050,000 shares, an increase of 19.2% from the January 31st total of 11,790,000 shares. Based on an average trading volume of 3,960,000 shares, the short-interest ratio is currently 3.5 days. Approximately 3.0% of the company's shares are short sold.
View Conagra Brands' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 5th 2023.
View our CAG earnings forecast.

Conagra Brands will be holding an earnings conference call on Wednesday, April 5th 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 results on Thursday, January, 5th. The company reported $0.81 EPS for the quarter, topping the consensus estimate of $0.66 by $0.15. The firm had revenue of $3.31 billion for the quarter, compared to the consensus estimate of $3.28 billion. Conagra Brands had a net margin of 5.66% and a trailing twelve-month return on equity of 14.38%. The business's quarterly revenue was up 8.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.64 earnings per share.
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Conagra Brands announced a quarterly dividend on Wednesday, December 21st. Investors of record on Monday, January 30th will be given a dividend of $0.33 per share on Thursday, March 2nd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.55%. The ex-dividend date of this dividend is Friday, January 27th.
Read our dividend analysis for CAG.

ETFs with the largest weight of Conagra Brands (NYSE:CAG) stock in their portfolio include First Trust Nasdaq Food & Beverage ETF (FTXG), Invesco S&P 500 Equal Weight Consumer Staples ETF (RHS), Invesco Dynamic Food & Beverage ETF (PBJ), Federated Hermes U.S. Strategic Dividend ETF (FDV), American CenturyFocused Large Cap Value ETF (FLV), ALPS Hillman Active Value ETF (HVAL), Nuveen ESG Mid-Cap Value ETF (NUMV) and T. Rowe Price Equity Income ETF (TEQI).

Conagra Brands (NYSE:CAG) pays an annual dividend of $1.32 per share and currently has a dividend yield of 3.61%. 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 93.62%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, CAG will have a dividend payout ratio of 48.00% 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, January, 5th. The company provided earnings per share (EPS) guidance of $2.60-$2.70 for the period, compared to the consensus earnings per share estimate of $2.47. 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 number of institutional and retail investors. Top institutional investors include Price T Rowe Associates Inc. MD (5.70%), Macquarie Group Ltd. (2.90%), American Century Companies Inc. (2.08%), Geode Capital Management LLC (2.03%), LSV Asset Management (1.75%) and Morgan Stanley (1.51%). Insiders that own company stock include Carey Bartell, Colleen Batcheler, 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.

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 $37.21.

Conagra Brands (NYSE:CAG) has a market capitalization of $17.74 billion and generates $11.54 billion in revenue each year. The company earns $888.20 million in net income (profit) each year or $1.41 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.