Conagra Brands Stock Forecast, Price & News

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Conagra Brands in the last year. There are currently 1 sell rating, 6 hold ratings, 1 buy rating and 1 strong 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 the month of January. As of January 29th, there was short interest totaling 12,480,000 shares, an increase of 29.7% from the January 14th total of 9,620,000 shares. Based on an average daily trading volume, of 3,510,000 shares, the short-interest ratio is currently 3.6 days.
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Conagra Brands is scheduled to release its next quarterly earnings announcement on Tuesday, March 30th 2021.
View our earnings forecast for Conagra Brands.

Conagra Brands, Inc. (NYSE:CAG) released its quarterly earnings data on Wednesday, January, 6th. The company reported $0.81 EPS for the quarter, topping the Zacks' consensus estimate of $0.74 by $0.07. The business earned $3 billion during the quarter, compared to analyst estimates of $2.98 billion. Conagra Brands had a trailing twelve-month return on equity of 16.50% and a net margin of 9.67%. The business's revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.63 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 shares have increased by 26.6% and is now trading at $33.93.
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Conagra Brands declared a quarterly dividend on Friday, December 11th. Shareholders of record on Friday, January 29th will be paid a dividend of $0.275 per share on Wednesday, March 3rd. This represents a $1.10 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date of this dividend is Thursday, January 28th.
View Conagra Brands' dividend history.

Conagra Brands pays an annual dividend of $1.10 per share and currently has a dividend yield of 3.18%. 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 third quarter 2021 IntraDay earnings guidance on Tuesday, February, 16th. The company provided earnings per share (EPS) guidance of 0.56-0.60 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.58.

9 equities research analysts have issued twelve-month target prices for Conagra Brands' shares. Their forecasts range from $30.00 to $41.00. On average, they anticipate Conagra Brands' share price to reach $35.44 in the next year. This suggests a possible upside of 4.5% 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), Hormel Foods (HRL), Tyson Foods (TSN), McCormick & Company, Incorporated (MKC), Kellogg (K), Campbell Soup (CPB), The J. M. Smucker (SJM), Post (POST), Pilgrim's Pride (PPC), Lancaster Colony (LANC), Flowers Foods (FLO), The Hain Celestial Group (HAIN) and Seaboard (SEB).
View all of CAG's competitors.

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 number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (6.88%), Price T Rowe Associates Inc. MD (4.75%), Northern Trust Corp (1.20%), Coho Partners Ltd. (1.09%), Bank of New York Mellon Corp (1.08%) and Sumitomo Mitsui Trust Holdings Inc. (0.72%). 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 BlackRock Inc., Nuveen Asset Management LLC, JPMorgan Chase & Co., Renaissance Technologies LLC, Price T Rowe Associates Inc. MD, Strs Ohio, Edgestream Partners L.P., and Alliancebernstein L.P.. 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.
View insider buying and selling activity for Conagra Brands or view top insider-selling stocks.

CAG stock was acquired by a variety of institutional investors in the last quarter, including Sound Shore Management Inc. CT, Coho Partners Ltd., Retirement Systems of Alabama, State of Michigan Retirement System, Morgan Stanley, Assetmark Inc., Wells Fargo & Company MN, and Amundi Pioneer Asset Management Inc.. Company insiders that have bought Conagra Brands stock in the last two years include Craig P Omtvedt, Joie A Gregor, and Richard H Lenny.
View insider buying and selling activity for Conagra Brands or or view top insider-buying stocks.

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 $33.93.

Conagra Brands has a market capitalization of $16.58 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 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]