Conagra Brands (CAG) Stock Forecast, Price & News

11 Wall Street research 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 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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11 Wall Street research analysts have issued 1 year price targets for Conagra Brands' stock. Their CAG share price forecasts range from $35.00 to $46.00. On average, they predict the company's share price to reach $41.00 in the next year. This suggests a possible upside of 19.6% from the stock's current price.
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Conagra Brands' stock was trading at $38.70 at the start of the year. Since then, CAG stock has decreased by 11.4% and is now trading at $34.29.
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Conagra Brands saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 15,680,000 shares, an increase of 22.2% from the April 30th total of 12,830,000 shares. Based on an average daily volume of 4,400,000 shares, the short-interest ratio is presently 3.6 days. Approximately 3.3% 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, July 13th 2023.
View our CAG earnings forecast.

Conagra Brands, Inc. (NYSE:CAG) announced its quarterly earnings results on Wednesday, April, 5th. The company reported $0.76 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.64 by $0.12. The firm earned $3.09 billion during the quarter, compared to analyst estimates of $3.08 billion. Conagra Brands had a net margin of 6.59% and a trailing twelve-month return on equity of 15.34%. Conagra Brands's quarterly revenue was up 5.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.58 EPS.
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Conagra Brands announced a quarterly dividend on Wednesday, April 12th. Stockholders of record on Friday, April 28th will be paid a dividend of $0.33 per share on Thursday, June 1st. This represents a $1.32 annualized dividend and a yield of 3.85%. The ex-dividend date of this dividend is Thursday, April 27th.
Read our dividend analysis for CAG.

ETFs with the largest weight of Conagra Brands (NYSE:CAG) stock in their portfolio include Optimize AI Smart Sentiment Event-Driven ETF (OAIE), First Trust Nasdaq Food & Beverage ETF (FTXG), WBI BullBear Yield 3000 ETF (WBIG), Invesco DWA Consumer Staples Momentum ETF (PSL), Invesco S&P 500 Equal Weight Consumer Staples ETF (RHS), Invesco Dynamic Food & Beverage ETF (PBJ), Federated Hermes U.S. Strategic Dividend ETF (FDV) and USCF Dividend Income Fund (UDI).

Conagra Brands (NYSE:CAG) pays an annual dividend of $1.32 per share and currently has a dividend yield of 3.79%. 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 79.04%. 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 46.48% 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 FY23 earnings guidance on Wednesday, April, 5th. The company provided earnings per share guidance of $2.70-2.75 for the period, compared to the consensus EPS estimate of $2.68.

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 institutional and retail investors. Top institutional shareholders include BlackRock Inc. (9.04%), Price T Rowe Associates Inc. MD (5.24%), State Street Corp (5.11%), Macquarie Group Ltd. (2.94%), American Century Companies Inc. (2.29%) and Geode Capital Management LLC (2.07%). Insiders that own company stock include Carey Bartell, Charisse Brock, 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 $34.29.

Conagra Brands (NYSE:CAG) has a market capitalization of $16.35 billion and generates $11.54 billion in revenue each year. The company earns $888.20 million in net income (profit) each year or $1.67 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.