Conagra Brands - CAG Stock Forecast, Price & News

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Conagra Brands in the last twelve months. There are currently 1 sell rating, 4 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities 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.
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9 Wall Street analysts have issued 12-month price objectives for Conagra Brands' stock. Their CAG share price forecasts range from $34.00 to $42.00. On average, they predict the company's stock price to reach $36.88 in the next year. This suggests that the stock has a possible downside of 4.1%.
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Conagra Brands' stock was trading at $34.15 at the start of the year. Since then, CAG shares have increased by 12.7% and is now trading at $38.47.
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Conagra Brands saw a increase in short interest in the month of November. As of November 15th, there was short interest totaling 9,020,000 shares, an increase of 19.6% from the October 31st total of 7,540,000 shares. Based on an average daily trading volume, of 3,500,000 shares, the days-to-cover ratio is currently 2.6 days. Approximately 1.9% of the shares of the company are short sold.
View Conagra Brands' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, January 5th 2023.
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Conagra Brands, Inc. (NYSE:CAG) announced its quarterly earnings results on Thursday, October, 6th. The company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.05. The company earned $2.90 billion during the quarter, compared to analysts' expectations of $2.84 billion. Conagra Brands had a trailing twelve-month return on equity of 13.40% and a net margin of 4.88%. The firm's revenue for the quarter was up 9.5% compared to the same quarter last year. During the same period last year, the company earned $0.50 earnings per share.
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Conagra Brands declared a quarterly dividend on Tuesday, October 4th. Shareholders of record on Thursday, November 3rd will be given a dividend of $0.33 per share on Thursday, December 1st. This represents a $1.32 dividend on an annualized basis and a yield of 3.43%. The ex-dividend date of this dividend is Wednesday, November 2nd.
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 3.45%. 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 110.92%. 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 51.56% 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, October, 27th. The company provided EPS guidance of $2.38-$2.48 for the period, compared to the consensus estimate of $2.42. 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 many different retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (11.78%), BlackRock Inc. (9.18%), Price T Rowe Associates Inc. MD (5.71%), State Street Corp (5.04%), Macquarie Group Ltd. (3.53%) and LSV Asset Management (1.75%). Insiders that own company stock include Carey Bartell, 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 $38.47.

Conagra Brands (NYSE:CAG) has a market capitalization of $18.44 billion and generates $11.54 billion in revenue each year. The company earns $888.20 million in net income (profit) each year or $1.19 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.