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. 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.
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 Ratio22.16
Forward P/E Ratio18.80
P/E Growth2.07
Sales & Book Value
Annual Sales$7.83 billion
Price / Sales1.97
Cash Flow$2.4124 per share
Price / Cash15.98
Book Value$9.58 per share
Price / Book4.02
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. Stockholders of record on Monday, April 30th will be paid a dividend of $0.2125 per share on Thursday, May 31st. This represents a $0.85 annualized dividend and a dividend yield of 2.20%. The ex-dividend date of this dividend 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 allows the company to repurchase $1,000,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to repurchase up to 6.5% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's leadership believes its shares are undervalued.
How were Conagra Brands' earnings last quarter?
Conagra Brands Inc (NYSE:CAG) announced its earnings results on Thursday, September, 28th. The company reported $0.46 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.40 by $0.06. The company had revenue of $1.80 billion for the quarter, compared to analysts' expectations of $1.79 billion. Conagra Brands had a return on equity of 21.08% and a net margin of 11.36%. The company's quarterly revenue was down 4.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.37 earnings per share. View Conagra Brands' Earnings History.
When is Conagra Brands' next earnings date?
What price target have analysts set for CAG?
9 Wall Street analysts have issued 12-month price targets for Conagra Brands' shares. Their predictions range from $39.00 to $46.00. On average, they expect 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?
Some companies that are related to Conagra Brands include MONDELEZ INTERNATIONAL INC Common Stock (MDLZ), Danone Sponsored ADR common stock (DANOY), Campbell Soup (CPB), Blue Buffalo Pet Products (BUFF), PINNACLE FOODS INC Common Stock (PF), Flowers Foods (FLO), Tate & Lyle (TATYY), Nomad Foods (NOMD), Hain Celestial Group (HAIN), B&G Foods (BGS), Simply Good Foods (SMPL), Amira Nature Foods (ANFI), TDH (PETZ), Zivo Bioscience (ZIVO) and Nutrastar International (NUIN).
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 recently, according to Accern Sentiment. The research firm ranks the sentiment of news coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Conagra Brands earned a news sentiment score of 0.03 on Accern's scale. They also gave press coverage about the company an impact score of 45.27 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company's share price in the next several days.
Who are Conagra Brands' major shareholders?
Conagra Brands' stock is owned by a variety 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 bought 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 $38.55.
How big of a company is Conagra Brands?
Conagra Brands has a market capitalization of $15.34 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)
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.
