Conagra Brands Stock Forecast, Price & News

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Conagra Brands in the last year. There are currently 1 sell rating, 5 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" Conagra Brands stock. 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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Conagra Brands saw a increase in short interest in April. As of April 15th, there was short interest totaling 13,380,000 shares, an increase of 23.7% from the March 31st total of 10,820,000 shares. Based on an average daily volume of 3,650,000 shares, the days-to-cover ratio is currently 3.7 days. Approximately 2.8% of the company's shares are sold short.
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Conagra Brands is scheduled to release its next quarterly earnings announcement on Tuesday, June 29th 2021.
View our earnings forecast for Conagra Brands.

Conagra Brands, Inc. (NYSE:CAG) issued its earnings results on Wednesday, April, 7th. The company reported $0.59 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.58 by $0.01. The firm earned $2.77 billion during the quarter, compared to the consensus estimate of $2.72 billion. Conagra Brands had a trailing twelve-month return on equity of 16.50% and a net margin of 9.67%. The company's quarterly revenue was up 8.5% on a year-over-year basis. During the same period last year, the company posted $0.47 EPS.
View Conagra Brands' earnings history.

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 stock has increased by 40.9% and is now trading at $37.78.
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Conagra Brands declared a quarterly dividend on Friday, April 16th. Stockholders of record on Friday, April 30th will be given a dividend of $0.275 per share on Wednesday, June 2nd. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date of this dividend is Thursday, April 29th.
View Conagra Brands' dividend history.

Conagra Brands pays an annual dividend of $1.10 per share and currently has a dividend yield of 2.93%. Conagra Brands does not yet have a strock track record of dividend growth. The dividend payout ratio of Conagra Brands is 48.25%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Conagra Brands will have a dividend payout ratio of 42.15% next year. This indicates that Conagra Brands will be able to sustain or increase its dividend.
View Conagra Brands' dividend history.

Conagra Brands updated its fourth quarter 2021 earnings guidance on Tuesday, May, 4th. The company provided earnings per share (EPS) guidance of 0.490-0.550 for the period, compared to the Thomson Reuters consensus estimate of $0.510. The company issued revenue guidance of -.

7 equities research analysts have issued 1-year price objectives for Conagra Brands' shares. Their forecasts range from $34.00 to $42.00. On average, they expect Conagra Brands' stock price to reach $38.50 in the next year. This suggests a possible upside of 1.9% from the stock's current price.
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381 employees have rated Conagra Brands CEO Sean Connolly on Glassdoor.com. Sean Connolly has an approval rating of 83% among Conagra Brands' employees.

Some companies that are related to Conagra Brands include Mondelez International (MDLZ), General Mills (GIS), The Hershey (HSY), Tyson Foods (TSN), Hormel Foods (HRL), McCormick & Company, Incorporated (MKC), Kellogg (K), Campbell Soup (CPB), The J. M. Smucker (SJM), Post (POST), Pilgrim's Pride (PPC), Flowers Foods (FLO), Lancaster Colony (LANC), Seaboard (SEB) and The Hain Celestial Group (HAIN).
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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), The Walt Disney (DIS), Cisco Systems (CSCO), NVIDIA (NVDA), The 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 retail and institutional investors. Top institutional shareholders include BlackRock Inc. (7.48%), LSV Asset Management (1.96%), Geode Capital Management LLC (1.77%), Northern Trust Corp (1.20%), Coho Partners Ltd. (1.11%) and Bank of New York Mellon Corp (1.09%). Company insiders that own Conagra Brands stock include Colleen Batcheler, Craig P Omtvedt, David Biegger, Jana Partners Llc, Joie A Gregor, Richard H Lenny, Robert G Wise, Ruth Ann Marshall, 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 Franklin Resources Inc., Retirement Systems of Alabama, Prudential Financial Inc., Neuberger Berman Group LLC, JPMorgan Chase & Co., Bank of Montreal Can, APG Asset Management N.V., and Teacher Retirement System of Texas. Company insiders that have sold Conagra Brands company stock in the last year include Colleen Batcheler, David Biegger, Jana Partners Llc, Joie A Gregor, Robert G Wise, Thomas K Brown, and Thomas M Mcgough.
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CAG stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., LSV Asset Management, Wedge Capital Management L L P NC, Assetmark Inc., DekaBank Deutsche Girozentrale, Assenagon Asset Management S.A., Victory Capital Management Inc., and State of Tennessee Treasury Department. Company insiders that have bought Conagra Brands stock in the last two years include Craig P Omtvedt, and Richard H Lenny.
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Shares of CAG 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 $37.78.

Conagra Brands has a market capitalization of $18.13 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 16,500 workers across the globe.

The following companies are subsidiares of Conagra Brands: Agro Tech Foods, Alexia Foods, American Pie - Assets, Angie's Artisan Treats, Angie's Artisan Treats LLC, Bertolli, Birds Eye Foods LLC, Blake's All Natural Foods, Boulder Brands USA Inc., Capitol Milling Co., ConAgra Foods AM Holding S.a.r.l., ConAgra Foods Canada Inc. / Aliments ConAgra Canada Inc., ConAgra Foods Enterprise Services Inc., ConAgra Foods Packaged Foods LLC, ConAgra Foods RDM Inc., ConAgra Foods Sales LLC, ConAgra Funding LLC, Del Monte Canada, Egg Beaters, Elan Nutrition, Fernando's Foods Corporation, Frontera Foods, GoodMark Foods, Holly Ridge Foods Inc., International Home Foods, Kennedy Endeavors Incorporated, Lightlife Foods, Lincoln Snacks, Litton Industries - Emerge, National Pretzel Company, Odom's Tennessee Pride, Pinnacle Foods, Pinnacle Foods Group LLC, Ralcorp, Sandwich Bros. of Wisconsin, Saroni Sugar & Rice, Signature Foods, TaiMei Potato, Thanasi Foods, Twin City Foods - Assets, and Watts Brothers.

Conagra Brands was founded in 1919.

The official website for Conagra Brands is www.conagrabrands.com.

Conagra Brands is headquartered at 222 W. MERCHANDISE MART PLAZA SUITE 1300, CHICAGO IL, 60654.

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]