Conagra Brands - CAG Stock Forecast, Price & News

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Conagra Brands in the last twelve months. There are currently 7 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" CAG shares. 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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9 equities research analysts have issued 12 month price objectives for Conagra Brands' stock. Their CAG share price forecasts range from $32.00 to $40.00. On average, they predict the company's share price to reach $35.67 in the next twelve months. This suggests a possible upside of 2.2% from the stock's current price.
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Conagra Brands' stock was trading at $34.15 at the start of the year. Since then, CAG stock has increased by 2.2% and is now trading at $34.90.
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Conagra Brands saw a decrease in short interest in the month of July. As of July 15th, there was short interest totaling 10,720,000 shares, a decrease of 16.3% from the June 30th total of 12,800,000 shares. Based on an average daily trading volume, of 4,270,000 shares, the short-interest ratio is presently 2.5 days. Approximately 2.2% of the company's shares are short sold.
View Conagra Brands' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 6th 2022.
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Conagra Brands, Inc. (NYSE:CAG) issued its quarterly earnings results on Thursday, July, 14th. The company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.64 by $0.01. The company earned $2.91 billion during the quarter, compared to analysts' expectations of $2.93 billion. Conagra Brands had a trailing twelve-month return on equity of 12.99% and a net margin of 7.70%. The company's revenue was up 6.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.54 EPS.
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Conagra Brands declared a quarterly dividend on Friday, July 22nd. Shareholders of record on Wednesday, August 3rd will be paid a dividend of $0.33 per share on Thursday, September 1st. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.78%. The ex-dividend date is Tuesday, August 2nd. This is a boost from the stock's previous quarterly dividend of $0.31.
Read our dividend analysis for CAG.

Conagra Brands (NYSE:CAG) pays an annual dividend of $1.32 per share and currently has a dividend yield of 3.84%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 71.74%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CAG will have a dividend payout ratio of 51.56% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CAG.

Conagra Brands issued an update on its FY 2023 earnings guidance on Thursday, July, 28th. The company provided earnings per share (EPS) guidance of $2.38-$2.48 for the period, compared to the consensus EPS estimate of $2.54. The company issued revenue guidance of -.

381 employees have rated Conagra Brands Chief Executive Officer Sean Connolly on Glassdoor.com. Sean Connolly has an approval rating of 83% among the company's employees.

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), Walt Disney (DIS), Cisco Systems (CSCO), NVIDIA (NVDA), 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 retail and institutional investors. Top institutional shareholders include State Street Corp (4.95%), Macquarie Group Ltd. (3.72%), Northern Trust Corp (1.19%), Coho Partners Ltd. (0.95%), California Public Employees Retirement System (0.71%) and Renaissance Technologies LLC (0.62%). Insiders that own company stock include Colleen Batcheler, Craig P Omtvedt, Darren Serrao, David Biegger, Emanuel Chirico, Jana Partners Llc, Joie A Gregor, Richard H Lenny, Robert G Wise, Thomas K Brown and Thomas M Mcgough.
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Shares of CAG stock 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.
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One share of CAG stock can currently be purchased for approximately $34.90.

Conagra Brands (NYSE:CAG) has a market capitalization of $16.76 billion and generates $11.54 billion in revenue each year. The company earns $888.20 million in net income (profit) each year or $1.84 on an earnings per share basis.

The company employs 18,000 workers across the globe.

Conagra Brands was founded in 1919.

Conagra Brands' mailing address is 222 W. MERCHANDISE MART PLAZA SUITE 1300, CHICAGO IL, 60654. The official website for the company is www.conagrabrands.com. The company can be reached via phone at (312) 549-5000, via email at ir@conagra.com, or via fax at 402-595-4709.