Conagra Brands Stock Forecast, Price & News

Conagra Brands' stock was trading at $26.81 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, CAG shares have increased by 26.3% and is now trading at $33.86.
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11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Conagra Brands in the last year. There are currently 1 sell rating, 6 hold ratings, 3 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street 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 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) posted its quarterly earnings data on Wednesday, January, 6th. The company reported $0.81 earnings per share for the quarter, beating analysts' consensus estimates 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 net margin of 9.67% and a return on equity of 16.50%. The firm's quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter last year, the company earned $0.63 EPS.
View Conagra Brands' earnings history.

Conagra Brands declared a quarterly dividend on Friday, December 11th. Shareholders of record on Friday, January 29th will be given a dividend of $0.275 per share on Wednesday, March 3rd. This represents a $1.10 dividend on an annualized basis and a dividend yield of 3.25%. 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 3.30%. 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 FY22 earnings guidance on Thursday, January, 7th. The company provided earnings per share guidance of $2.66-2.76 for the period, compared to the Thomson Reuters consensus estimate of $2.49.

11 analysts have issued twelve-month price targets for Conagra Brands' shares. Their forecasts range from $30.00 to $41.00. On average, they expect Conagra Brands' stock price to reach $35.73 in the next year. This suggests a possible upside of 5.5% from the stock's current price.
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Some companies that are related to Conagra Brands include Mondelez International (MDLZ), General Mills (GIS), The Hershey (HSY), McCormick & Company, Incorporated (MKC), Hormel Foods (HRL), Tyson Foods (TSN), Kellogg (K), Campbell Soup (CPB), The J. M. Smucker (SJM), Post (POST), Lancaster Colony (LANC), Pilgrim's Pride (PPC), 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 variety of institutional and retail investors. Top institutional investors include Vigilant Capital Management LLC (0.10%), F&V Capital Management LLC (0.04%), LVM Capital Management Ltd. MI (0.04%), Old Port Advisors (0.02%), State of Alaska Department of Revenue (0.02%) and First National Bank of Mount Dora Trust Investment Services (0.02%). 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 Arden Trust Co, Bowling Portfolio Management LLC, Raymond James Trust N.A., Contravisory Investment Management Inc., Summit Financial Wealth Advisors LLC, Crossmark Global Holdings Inc., City Holding Co., and Cypress Capital Group. 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 purchased by a variety of institutional investors in the last quarter, including LVM Capital Management Ltd. MI, Vigilant Capital Management LLC, New England Research & Management Inc., F&V Capital Management LLC, IMS Capital Management, IFM Investors Pty Ltd, Louisiana State Employees Retirement System, and Global Retirement Partners LLC. Company insiders that have bought Conagra Brands stock in the last two years include Craig P Omtvedt, Joie A Gregor, 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.

One share of CAG stock can currently be purchased for approximately $33.86.

Conagra Brands has a market capitalization of $16.54 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' 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]