NYSE:CAG - Conagra Brands Stock Price, News, & Analysis

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$24.03 +0.02 (+0.08 %)
(As of 02/20/2019 04:00 PM ET)
Previous Close$24.01
Today's Range$23.73 - $24.40
52-Week Range$20.22 - $39.43
Volume7.13 million shs
Average Volume8.71 million shs
Market Capitalization$11.67 billion
P/E Ratio11.39
Dividend Yield3.54%
Beta0.64
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.

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Industry, Sector and Symbol

Industry Food & kindred products
Sub-IndustryPackaged Foods & Meats
SectorConsumer Staples
CUSIP20588710
Phone312-549-5000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$7.94 billion
Cash Flow$2.6879 per share
Book Value$9.23 per share

Profitability

Net Income$808.40 million

Miscellaneous

Employees12,400
Market Cap$11.67 billion
OptionableOptionable

Conagra Brands (NYSE:CAG) Frequently Asked Questions

What is Conagra Brands' stock symbol?

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

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

Conagra Brands announced a quarterly dividend on Thursday, December 6th. Shareholders of record on Wednesday, January 30th will be paid a dividend of $0.2125 per share on Friday, March 1st. This represents a $0.85 annualized dividend and a yield of 3.54%. The ex-dividend date is Tuesday, January 29th. View Conagra Brands' Dividend History.

How will Conagra Brands' stock buyback program work?

Conagra Brands declared that its board has approved a stock repurchase program on Friday, June 30th 2017, which allows the company to repurchase $1,000,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to repurchase up to 6.5% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's leadership believes its stock is undervalued.

How were Conagra Brands' earnings last quarter?

Conagra Brands Inc (NYSE:CAG) posted its earnings results on Thursday, December, 20th. The company reported $0.67 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.55 by $0.12. The company had revenue of $2.38 billion for the quarter, compared to analyst estimates of $2.41 billion. Conagra Brands had a net margin of 9.07% and a return on equity of 19.45%. Conagra Brands's revenue was up 9.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.55 earnings per share. View Conagra Brands' Earnings History.

When is Conagra Brands' next earnings date?

Conagra Brands is scheduled to release their next quarterly earnings announcement on Thursday, March 28th 2019. View Earnings Estimates for Conagra Brands.

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

Conagra Brands issued an update on its FY19 earnings guidance on Thursday, December, 20th. The company provided EPS guidance of $2.03-2.08 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.12. The company issued revenue guidance of $9.685-9.764 billion, compared to the consensus revenue estimate of $9.74 billion.Conagra Brands also updated its FY 2019 guidance to $2.03-2.08 EPS.

What price target have analysts set for CAG?

10 Wall Street analysts have issued 1-year target prices for Conagra Brands' shares. Their forecasts range from $30.00 to $46.00. On average, they expect Conagra Brands' stock price to reach $41.4444 in the next twelve months. This suggests a possible upside of 72.5% from the stock's current price. View Analyst Price Targets for Conagra Brands.

What is the consensus analysts' recommendation for Conagra Brands?

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Conagra Brands in the last year. There are currently 1 sell rating, 1 hold rating and 8 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Conagra Brands.

What are Wall Street analysts saying about Conagra Brands stock?

Here are some recent quotes from research analysts about Conagra Brands stock:
  • 1. According to Zacks Investment Research, "Escalated input costs remain a threat to Conagra that has lagged the industry this year. Evidently, Conagra’s second-quarter fiscal 2019 adjusted gross margin continued being hit by higher costs of transportation, warehousing, packaging and certain ingredients. The company expects input cost inflation to persist in fiscal 2019. Also, Conagra’s Foodservice unit sales continued to be soft, and International sales also fell year over year. Nonetheless, continued strength in Refrigerated & Frozen, and Grocery & Snacks units were breathers in the second quarter, wherein top and bottom lines rose and topped estimates. Earnings were backed by higher operating income and sales were aided by buyouts. Talking of buyouts, Conagra recently closed Pinnacle Foods’ takeover, which now forms a separate unit of the company. Though Conagra expects hurdles in Pinnacle Foods’ business to linger in the near term, it is on track to fix them.<" (12/31/2018)
  • 2. Jefferies Financial Group Inc analysts commented, "Large-cap food stocks, incl. CAG, have underperformed recently on fears that weak industry sales growth & margin compression will lead to negative earnings revisions. However, we maintain that most of the issues impacting margins are transitory & that sales growth trends will improve as per our BSM thesis. We believe CAG’s 2Q base business sales growth & guidance will likely come in better than expected, potentially boosting NT sentiment on the stock. 2Q earnings preview – what to expect. CAG is scheduled to report 2Q19 results on 12/20 before the market open. We now expect 2Q EPS of $0.55 compared to $0.61 before. The $0.06 reduction in our estimate is entirely a function of the dilution from the PF deal, which closed 1 month earlier than our expectations. Management had guided to EPS of $0.57-$0.60 excluding the deal." (12/19/2018)

Has Conagra Brands been receiving favorable news coverage?

Headlines about CAG stock have been trending neutral this week, InfoTrie reports. The research group identifies negative and positive media coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Conagra Brands earned a media sentiment score of 0.3 on InfoTrie's scale. They also assigned media coverage about the company a news buzz of 5.0 out of 10, meaning that recent media coverage is somewhat likely to have an impact on the company's share price in the near term.

Are investors shorting Conagra Brands?

Conagra Brands saw a increase in short interest in January. As of January 15th, there was short interest totalling 14,501,777 shares, an increase of 21.0% from the December 31st total of 11,988,703 shares. Based on an average daily trading volume, of 9,285,166 shares, the short-interest ratio is currently 1.6 days. Currently, 3.0% of the company's stock are short sold. View Conagra Brands' Current Options Chain.

Who are some of Conagra Brands' key competitors?

Who are Conagra Brands' key executives?

Conagra Brands' management team includes the folowing 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)

Who are Conagra Brands' major shareholders?

Conagra Brands' stock is owned by many different of institutional and retail investors. Top institutional investors include Bank of New York Mellon Corp (1.72%), Geode Capital Management LLC (1.41%), Northern Trust Corp (1.23%), Macquarie Group Ltd. (1.03%), Coho Partners Ltd. (0.79%) and Westfield Capital Management Co. LP (0.75%). Company insiders that own Conagra Brands stock include Colleen Batcheler, David S Marberger, Joie A Gregor, Robert G Wise, Ruth Ann Marshall, Sean Connolly, Stephen G Butler, Steven F Goldstone and Thomas K Brown. View Institutional Ownership Trends for Conagra Brands.

Which institutional investors are selling Conagra Brands stock?

CAG stock was sold by a variety of institutional investors in the last quarter, including Two Sigma Advisers LP, Jennison Associates LLC, Eaton Vance Management, APG Asset Management N.V., Nuveen Asset Management LLC, Connor Clark & Lunn Investment Management Ltd., Foresters Investment Management Company Inc. and TD Asset Management Inc.. Company insiders that have sold Conagra Brands company stock in the last year include Colleen Batcheler, Robert G Wise, Ruth Ann Marshall, Stephen G Butler and Steven F Goldstone. View Insider Buying and Selling for Conagra Brands.

Which institutional investors are buying Conagra Brands stock?

CAG stock was purchased by a variety of institutional investors in the last quarter, including D. E. Shaw & Co. Inc., Geode Capital Management LLC, State of New Jersey Common Pension Fund D, Bank of New York Mellon Corp, Northern Trust Corp, Oregon Public Employees Retirement Fund, Dimensional Fund Advisors LP and First Trust Advisors LP. Company insiders that have bought Conagra Brands stock in the last two years include David S Marberger, Sean Connolly and Thomas K Brown. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.

What is Conagra Brands' stock price today?

One share of CAG stock can currently be purchased for approximately $24.03.

How big of a company is Conagra Brands?

Conagra Brands has a market capitalization of $11.67 billion and generates $7.94 billion in revenue each year. The company earns $808.40 million in net income (profit) each year or $2.11 on an earnings per share basis. Conagra Brands employs 12,400 workers across the globe.

What is Conagra Brands' official website?

The official website for Conagra Brands is http://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]


MarketBeat Community Rating for Conagra Brands (NYSE CAG)

Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  462 (Vote Outperform)
Underperform Votes:  540 (Vote Underperform)
Total Votes:  1,002
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.
This page was last updated on 2/20/2019 by MarketBeat.com Staff

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