NYSE:CAGConagra Brands Stock Price, Forecast & News

$37.25

-0.49 (-1.30 %)

(As of 08/12/2020 04:00 PM ET)

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Today's Range

$37.14

Now: $37.25▼

$37.98

50-Day Range

$32.64

MA: $36.20▼

$38.06

52-Week Range

$22.83

Now: $37.25▼

$38.12

Volume1.56 million shs

Average Volume4.24 million shs

Market Capitalization$18.15 billion

P/E Ratio21.66

Dividend Yield2.28%

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.

Beat the Market (BTM) Rank^™

2.3 Analyst's Opinion

Consensus Rating
Conagra Brands has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 6 buy ratings, 9 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $35.31, Conagra Brands has a potential downside of 5.2% from its current price of $37.25.
Amount of Analyst Coverage
Conagra Brands has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.3 Community Rank

Outperform Votes
Conagra Brands has received 573 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Conagra Brands has received 674 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Conagra Brands has received 54.05% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Conagra Brands and other stocks. Vote “Outperform” if you believe CAG will outperform the S&P 500 over the long term. Vote “Underperform” if you believe CAG will underperform the S&P 500 over the long term. You may vote once every thirty days.

2.5 Dividend Strength

Dividend Yield
Conagra Brands pays a meaningful dividend of 2.28%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Conagra Brands has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of Conagra Brands is 37.28%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Conagra Brands will have a dividend payout ratio of 32.57% next year. This indicates that Conagra Brands will be able to sustain or increase its dividend.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Conagra Brands insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $13,145,465.00 in company stock.
Percentage Held by Insiders
Only 0.84% of the stock of Conagra Brands is held by insiders.
Percentage Held by Institutions
82.53% of the stock of Conagra Brands is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3 Earnings and Valuation

Earnings Growth
Earnings for Conagra Brands are expected to grow by 9.21% in the coming year, from $2.39 to $2.61 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Conagra Brands is 21.66, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 17.31.
Price to Earnings Ratio vs. Sector
The P/E ratio of Conagra Brands is 21.66, which means that it is trading at a less expensive P/E ratio than the Consumer Staples sector average P/E ratio of about 47.25.
Price to Earnings Growth Ratio
Conagra Brands has a PEG Ratio of 2.25. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Conagra Brands has a P/B Ratio of 2.28. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

1.86 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Food & kindred products

Sub-IndustryPackaged Foods & Meats

SectorConsumer Staples

Current SymbolNYSE:CAG

Previous Symbol

CUSIP20588710

CIK23217

Webwww.conagrabrands.com

Phone312-549-5000

Debt

Debt-to-Equity Ratio1.12

Current Ratio0.88

Quick Ratio0.46

Price-To-Earnings

Trailing P/E Ratio21.66

Forward P/E Ratio15.59

P/E Growth2.25

Sales & Book Value

Annual Sales$11.05 billion

Price / Sales1.64

Cash Flow$3.05 per share

Price / Cash Flow12.22

Book Value$16.32 per share

Price / Book2.28

Profitability

EPS (Most Recent Fiscal Year)$2.28

Net Income$840.10 million

Net Margins7.60%

Return on Equity14.38%

Return on Assets4.99%

Miscellaneous

Employees16,500

Outstanding Shares487,244,000

Market Cap$18.15 billion

Next Earnings Date9/24/2020 (Estimated)

OptionableOptionable

$37.25

-0.49 (-1.30 %)

(As of 08/12/2020 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 Coronavirus?

Conagra Brands' stock was trading at $26.81 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, CAG shares have increased by 38.9% and is now trading at $37.25.
View which stocks have been most impacted by COVID-19.

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) announced its quarterly earnings data on Tuesday, June, 30th. The company reported $0.75 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.66 by $0.09. The business had revenue of $3.29 billion for the quarter, compared to analysts' expectations of $3.13 billion. Conagra Brands had a net margin of 7.60% and a return on equity of 14.38%. The business's quarterly revenue was up 25.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.36 earnings per share.
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. Shareholders of record on Tuesday, August 4th will be paid a dividend of $0.2125 per share on Thursday, September 3rd. This represents a $0.85 annualized dividend and a dividend yield of 2.28%. 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 issued an update on its first quarter earnings guidance on Tuesday, June, 30th. The company provided earnings per share (EPS) guidance of $0.54.0.59 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.54.

What price target have analysts set for CAG?

16 Wall Street analysts have issued 12 month target prices for Conagra Brands' shares. Their forecasts range from $29.00 to $41.00. On average, they anticipate Conagra Brands' share price to reach $35.31 in the next twelve months. This suggests that the stock has a possible downside of 5.2%.
View analysts' price targets for Conagra Brands.

Has Conagra Brands been receiving favorable news coverage?

Media coverage about CAG stock has been trending somewhat negative recently, according to InfoTrie Sentiment. The research firm scores the sentiment of news coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Conagra Brands earned a media sentiment score of -1.2 on InfoTrie's scale. They also gave news articles about the company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the company's share price in the next several days.
View the latest news about Conagra Brands.

Are investors shorting Conagra Brands?

Conagra Brands saw a decrease in short interest in the month of May. As of May 15th, there was short interest totaling 10,160,000 shares, a decrease of 17.6% from the April 30th total of 12,330,000 shares. Based on an average daily trading volume, of 5,040,000 shares, the days-to-cover ratio is presently 2.0 days. Currently, 2.1% of the shares of the stock are sold short.
View Conagra Brands' Short Interest.

Who are some of Conagra Brands' key competitors?

Some companies that are related to Conagra Brands include Mondelez International (MDLZ), General Mills (GIS), Hershey (HSY), Hormel Foods (HRL), MCCORMICK & CO /SH (MKC), Tyson Foods (TSN), Kellogg (K), Campbell Soup (CPB), J M Smucker (SJM), Post (POST), Flowers Foods (FLO), Lancaster Colony (LANC), Pilgrim's Pride (PPC), Seaboard (SEB) and Hain Celestial Group (HAIN).
View all 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 Johnson & Johnson (JNJ), Walt Disney (DIS), Pfizer (PFE), Intel (INTC), NVIDIA (NVDA), AT&T (T), Cisco Systems (CSCO), General Electric (GE), QUALCOMM (QCOM) and Procter & Gamble (PG).

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 variety of retail and institutional investors. Top institutional shareholders include Macquarie Group Ltd. (5.22%), Bank of New York Mellon Corp (0.97%), Coho Partners Ltd. (0.88%), Goldman Sachs Group Inc. (0.64%), Sumitomo Mitsui Trust Holdings Inc. (0.59%) and LSV Asset Management (0.52%). 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 institutional investors are selling Conagra Brands stock?

CAG stock was sold by a variety of institutional investors in the last quarter, including Macquarie Group Ltd., Prudential Financial Inc., Bank of New York Mellon Corp, Goldman Sachs Group Inc., Strs Ohio, Payden & Rygel, TCW Group Inc., and State of Alaska Department of Revenue. 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.

Which institutional investors are buying Conagra Brands stock?

CAG stock was acquired by a variety of institutional investors in the last quarter, including Sumitomo Mitsui Trust Holdings Inc., Victory Capital Management Inc., LSV Asset Management, Assenagon Asset Management S.A., Trexquant Investment LP, Robeco Institutional Asset Management B.V., Capital Management Corp VA, and Mitsubishi UFJ Kokusai Asset Management Co. Ltd.. 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 $37.25.

How big of a company is Conagra Brands?

Conagra Brands has a market capitalization of $18.15 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 8/12/2020 by MarketBeat.com Staff

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