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NYSE:CAGConagra Brands Stock Price, Forecast & News

$37.45
+0.08 (+0.21 %)
(As of 07/31/2020 04:00 PM ET)
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Today's Range
$36.91
Now: $37.45
$37.76
50-Day Range
$31.82
MA: $35.17
$37.63
52-Week Range
$22.83
Now: $37.45
$37.82
Volume2.69 million shs
Average Volume2.61 million shs
Market Capitalization$18.25 billion
P/E Ratio21.77
Dividend Yield2.27%
Beta0.86
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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Beat the Market (BTM) Rank

Analyst Opinion: 2.3Community Rank: 2.3Dividend Strength: 2.5Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.86 out of 5 stars


Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$11.05 billion
Cash Flow$3.09 per share
Book Value$16.32 per share

Profitability

Net Income$840.10 million

Miscellaneous

Employees16,500
Market Cap$18.25 billion
Next Earnings Date9/24/2020 (Estimated)
OptionableOptionable
$37.45
+0.08 (+0.21 %)
(As of 07/31/2020 04:00 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Conagra Brands (NYSE:CAG) Frequently Asked Questions

How has Conagra Brands' stock been impacted by COVID-19 (Coronavirus)?

Conagra Brands' stock was trading at $26.81 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, CAG shares have increased by 39.7% and is now trading at $37.45.
View which stocks have been most impacted by Coronavirus
.

Do Wall Street analysts recommend investors buy shares of Conagra Brands?

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Conagra Brands in the last year. There are currently 9 hold ratings, 6 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Conagra Brands
.

When is Conagra Brands' next earnings date?

Conagra Brands is scheduled to release its next quarterly earnings announcement on Thursday, September 24th 2020.
View our earnings forecast for Conagra Brands
.

How were Conagra Brands' earnings last quarter?

Conagra Brands Inc (NYSE:CAG) issued its quarterly earnings results on Tuesday, June, 30th. The company reported $0.75 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.66 by $0.09. The company had revenue of $3.29 billion for the quarter, compared to analysts' expectations of $3.13 billion. Conagra Brands had a return on equity of 14.38% and a net margin of 7.60%. The company's quarterly revenue was up 25.8% compared to the same quarter last year. During the same period last year, the business earned $0.36 EPS.
View Conagra Brands' earnings history
.

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

Conagra Brands announced a quarterly dividend on Friday, July 24th. Stockholders of record on Tuesday, August 4th will be given a dividend of $0.2125 per share on Thursday, September 3rd. This represents a $0.85 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date is Monday, August 3rd.
View Conagra Brands' dividend history
.

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

Conagra Brands updated its first quarter earnings guidance on Tuesday, June, 30th. The company provided EPS guidance of $0.54.0.59 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.54.

What price target have analysts set for CAG?

16 analysts have issued 12 month price objectives for Conagra Brands' stock. Their forecasts range from $29.00 to $41.00. On average, they anticipate Conagra Brands' share price to reach $35.31 in the next year. This suggests that the stock has a possible downside of 5.7%.
View analysts' price targets for Conagra Brands
.

Has Conagra Brands been receiving favorable news coverage?

Media coverage about CAG stock has trended negative recently, InfoTrie reports. InfoTrie identifies negative and positive media coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Conagra Brands earned a news sentiment score of -2.9 on InfoTrie's scale. They also gave news stories about the company a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an effect on the stock's share price in the immediate future.
View the latest news about Conagra Brands
.

Are investors shorting Conagra Brands?

Conagra Brands saw a decline in short interest during the month of July. As of July 15th, there was short interest totaling 7,700,000 shares, a decline of 5.4% from the June 30th total of 8,140,000 shares. Based on an average daily trading volume, of 3,380,000 shares, the days-to-cover ratio is currently 2.3 days. Currently, 1.6% of the company's shares are sold short.
View Conagra Brands' Current Options Chain
.

Who are some of Conagra Brands' key competitors?

What other stocks do shareholders of Conagra Brands own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Conagra Brands investors own include Intel (INTC), Johnson & Johnson (JNJ), Cisco Systems (CSCO), Walt Disney (DIS), General Electric (GE), AT&T (T), NVIDIA (NVDA), Pfizer (PFE), Home Depot (HD) and QUALCOMM (QCOM).

Who are Conagra Brands' key executives?

Conagra Brands' management team includes the following 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)

What is Conagra Brands' stock symbol?

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

Who are Conagra Brands' major shareholders?

Conagra Brands' stock is owned by a number of institutional and retail investors. Top institutional shareholders include Coho Partners Ltd. (0.88%), Sumitomo Mitsui Trust Holdings Inc. (0.59%), Meyer Handelman Co. (0.13%), New York State Teachers Retirement System (0.13%), Assenagon Asset Management S.A. (0.12%) and Vigilant Capital Management LLC (0.09%). Company insiders that own Conagra Brands stock include Colleen Batcheler, Craig P Omtvedt, David Biegger, David S Marberger, Jana Partners Llc, Joie A Gregor, Richard H Lenny, Robert G Wise, Ruth Ann Marshall, Sean Connolly, Thomas K Brown and Thomas M Mcgough.
View institutional ownership trends for Conagra Brands
.

Which major investors are selling Conagra Brands stock?

CAG stock was sold by a variety of institutional investors in the last quarter, including Strs Ohio, State of Alaska Department of Revenue, First American Trust FSB, First Trust Advisors LP, F&V Capital Management LLC, All Terrain Financial Advisors LLC, Schafer Cullen Capital Management Inc, and Eos Focused Equity Management 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, Richard H Lenny, Robert G Wise, Thomas K Brown, and Thomas M Mcgough.
View insider buying and selling activity for Conagra Brands
.

Which major investors are buying Conagra Brands stock?

CAG stock was bought by a variety of institutional investors in the last quarter, including Sumitomo Mitsui Trust Holdings Inc., Assenagon Asset Management S.A., Robeco Institutional Asset Management B.V., Capital Management Corp VA, NN Investment Partners Holdings N.V., Pacer Advisors Inc., Coho Partners Ltd., and Reilly Financial Advisors LLC. Company insiders that have bought Conagra Brands stock in the last two years include Craig P Omtvedt, David S Marberger, Joie A Gregor, Sean Connolly, and Thomas K Brown.
View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is Conagra Brands' stock price today?

One share of CAG stock can currently be purchased for approximately $37.45.

How big of a company is Conagra Brands?

Conagra Brands has a market capitalization of $18.25 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.

What is Conagra Brands' official website?

The official website for Conagra Brands is 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]

This page was last updated on 8/3/2020 by MarketBeat.com Staff

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