NYSE:CAG - Conagra Brands Stock Price, Price Target & More

Sign in or create an account to add this stock to your watchlist.
$38.66 +0.21 (+0.55 %)
(As of 06/21/2018 01:44 PM ET)
Previous Close$38.54
Today's Range$38.27 - $38.69
52-Week Range$32.16 - $39.21
Volume149,944 shs
Average Volume2.45 million shs
Market Capitalization$15.35 billion
P/E Ratio22.19
Dividend Yield2.22%
Beta0.3
Conagra Brands logoConagra 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. markets its products under the Marie Callender's, Reddi-wip, Hunt's, Healthy Choice, Slim Jim, Orville Redenbacher's, Alexia, Blake's, Frontera, and Duke's 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.

Receive CAG News and Ratings via Email

Sign-up to receive the latest news and ratings for CAG and its competitors with MarketBeat's FREE daily newsletter.

Industry, Sector and Symbol

Industry Food & kindred products
Sub-IndustryPackaged Foods & Meats
SectorConsumer Staples
SymbolNYSE:CAG
CUSIP20588710
Phone312-549-5000

Debt

Debt-to-Equity Ratio0.85
Current Ratio1.03
Quick Ratio0.52

Price-To-Earnings

Trailing P/E Ratio22.19
Forward P/E Ratio18.86
P/E Growth2.08

Sales & Book Value

Annual Sales$7.83 billion
Price / Sales1.98
Cash Flow$2.4178 per share
Price / Cash15.99
Book Value$9.58 per share
Price / Book4.04

Profitability

EPS (Most Recent Fiscal Year)$1.74
Net Income$639.30 million
Net Margins11.36%
Return on Equity21.08%
Return on Assets7.96%

Miscellaneous

Employees12,600
Outstanding Shares400,660,000

Conagra Brands (NYSE:CAG) Frequently Asked Questions

What is Conagra Brands' stock symbol?

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

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

Conagra Brands declared a quarterly dividend on Friday, April 20th. Investors of record on Monday, April 30th will be given a dividend of $0.2125 per share on Thursday, May 31st. This represents a $0.85 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date is Friday, April 27th. View Conagra Brands' Dividend History.

How will Conagra Brands' stock buyback program work?

Conagra Brands announced that its board has approved a share repurchase program on Friday, June 30th 2017, which permits the company to repurchase $1,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to buy up to 6.5% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's board believes its stock is undervalued.

How were Conagra Brands' earnings last quarter?

Conagra Brands Inc (NYSE:CAG) posted its earnings results on Thursday, September, 28th. The company reported $0.46 EPS for the quarter, beating the Zacks' consensus estimate of $0.40 by $0.06. The firm earned $1.80 billion during the quarter, compared to analysts' expectations of $1.79 billion. Conagra Brands had a net margin of 11.36% and a return on equity of 21.08%. The company's revenue for the quarter was down 4.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.37 EPS. View Conagra Brands' Earnings History.

When is Conagra Brands' next earnings date?

Conagra Brands is scheduled to release their next quarterly earnings announcement on Thursday, June, 28th 2018. View Earnings Estimates for Conagra Brands.

What price target have analysts set for CAG?

9 Wall Street analysts have issued twelve-month price objectives for Conagra Brands' stock. Their predictions range from $39.00 to $46.00. On average, they anticipate Conagra Brands' share price to reach $41.8750 in the next year. View Analyst Ratings for Conagra Brands.

What are Wall Street analysts saying about Conagra Brands stock?

Here are some recent quotes from research analysts about Conagra Brands stock:
  • 1. According to Zacks Investment Research, "Conagra’s gross margin remained pressurized in the third quarter due to increased cost of sales and input cost inflation – which stemmed from higher packaging and transportation expenses. Though SG&A expenses and A&P costs reduced year over year, gross margin contraction more than offset these factors and marred adjusted operating margin. Unfortunately, input cost inflation is likely to remain a hurdle. Nonetheless, innovations, as well as new merchandising, distribution and consumer trail-related investments, are likely to boost Conagra’s revenues in the future. This, along with meaningful acquisitions and divestments and lower corporate tax rates should help drive the company’s bottom line. These factors have helped Conagra’s shares to gain 9.1% in the past three months, though the trend might reverse on account of the cost hurdles. The Zacks Consensus Estimate has remained stable lately ahead of earnings." (6/21/2018)
  • 2. Jefferies Financial Group Inc analysts commented, "CAG’s 3Q EBIT was slightly below consensus & 2018 EBIT guidance was unchanged. Results/guidance is much better than feared especially considering the significant guide down by GIS yesterday. Sales were generally in-line despite greater than expected retailer inventory reductions, which is encouraging. Gross margins were lower than expected driven by higher input costs and growth-related investments both of which we view as transitory. FY18 EPS guidance raised and implies 4Q sales and EBIT above consensus. EPS guidance was raised to a range of $2.03 to $2.05 from a range of $1.95 to $2.02. Sales and margin guidance is unchanged and previous guidance already included the benefit from tax reform. Interest expense is coming in well below initial guidance and points to strong cash flow generation. Relative to consensus, new guidance implies 4Q18 sales 4% above, EBIT 2% above and EPS 18% above." (3/22/2018)

Who are some of Conagra Brands' key competitors?

Who are Conagra Brands' key executives?

Conagra Brands' management team includes the folowing people:
  • Mr. Sean M. Connolly, Pres, CEO & Director (Age 53)
  • Mr. David S. Marberger, Exec. VP & CFO (Age 53)
  • Ms. Colleen R. Batcheler, Exec. VP, Gen. Counsel & Corp. Sec. (Age 44)
  • Mr. David B. Biegger, Exec. VP & Chief Supply Chain Officer (Age 59)
  • Mr. Thomas M. McGough, Pres of Operating Segments (Age 53)

Has Conagra Brands been receiving favorable news coverage?

News headlines about CAG stock have trended somewhat positive on Thursday, Accern Sentiment reports. The research firm identifies negative and positive media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Conagra Brands earned a news impact score of 0.17 on Accern's scale. They also gave news coverage about the company an impact score of 45.51 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the near term.

Who are Conagra Brands' major shareholders?

Conagra Brands' stock is owned by a number of of retail and institutional investors. Top institutional investors include BlackRock Inc. (7.33%), American Century Companies Inc. (2.95%), Neuberger Berman Group LLC (1.72%), Northern Trust Corp (1.23%), Valueinvest Asset Management S.A. (1.15%) and Coho Partners Ltd. (0.64%). Company insiders that own Conagra Brands stock include Colleen Batcheler, John Gehring, Joie A Gregor, Rajive Johri, Robert G Wise, Ruth Ann Marshall, Stephen G Butler and William G Jurgensen. 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 JPMorgan Chase & Co., Millennium Management LLC, Royal Bank of Canada, Federated Investors Inc. PA, The Manufacturers Life Insurance Company , Victory Capital Management Inc., Swiss National Bank and UBS Group AG. Company insiders that have sold Conagra Brands company stock in the last year include Colleen Batcheler, Joie A Gregor, Robert G Wise, Ruth Ann Marshall and Stephen G Butler. View Insider Buying and Selling for Conagra Brands.

Which major investors are buying Conagra Brands stock?

CAG stock was purchased by a variety of institutional investors in the last quarter, including Coho Partners Ltd., BlackRock Inc., Darrell & King LLC, O Shaughnessy Asset Management LLC, Korea Investment CORP, Russell Investments Group Ltd., Ceredex Value Advisors LLC and Foresters Investment Management Company Inc.. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.

What is Conagra Brands' stock price today?

One share of CAG stock can currently be purchased for approximately $38.64.

How big of a company is Conagra Brands?

Conagra Brands has a market capitalization of $15.35 billion and generates $7.83 billion in revenue each year. The company earns $639.30 million in net income (profit) each year or $1.74 on an earnings per share basis. Conagra Brands employs 12,600 workers across the globe.

How can I contact Conagra Brands?

Conagra Brands' mailing address is 222 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]


MarketBeat Community Rating for Conagra Brands (CAG)

Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  361 (Vote Outperform)
Underperform Votes:  431 (Vote Underperform)
Total Votes:  792
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.
This page was last updated on 6/21/2018 by MarketBeat.com Staff

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.