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Conagra Brands - CAG Stock Forecast, Price & News

$34.00
-0.35 (-1.02%)
(As of 09/26/2022 05:33 PM ET)
Add
Compare
Today's Range
$33.98
$34.64
50-Day Range
$33.13
$35.58
52-Week Range
$30.06
$36.97
Volume
3.93 million shs
Average Volume
4.22 million shs
Market Capitalization
$16.32 billion
P/E Ratio
18.48
Dividend Yield
3.84%
Price Target
$35.67

Conagra Brands MarketRank™ Forecast

Analyst Rating
Hold
2.13 Rating Score
Upside/​Downside
4.9% Upside
$35.67 Price Target
Short Interest
Healthy
1.94% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-2.29
Upright™ Environmental Score
News Sentiment
N/A
Insider Trading
Acquiring Shares
$1.02 M Bought Last Quarter
Proj. Earnings Growth
4.15%
From $2.41 to $2.51 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.34 out of 5 stars

Consumer Staples Sector

73rd out of 145 stocks

Food & Kindred Products Industry

10th out of 16 stocks

CAG stock logo

About Conagra Brands (NYSE:CAG) Stock

Conagra Brands, Inc., together with its subsidiaries, operates as a consumer packaged goods food company in North America. The company operates in four segments: Grocery & Snacks, Refrigerated & Frozen, International, and Foodservice. The Grocery & Snacks segment primarily offers shelf stable food products through various retail channels in the United States. The Refrigerated & Frozen segment provides temperature-controlled food products through various retail channels in the United States. The International segment offers food products in various temperature states through retail and foodservice channels outside of the United States. The Foodservice segment offers branded and customized food products, including meals, entrees, sauces, and various custom-manufactured culinary products packaged for restaurants and other foodservice establishments in the United States. The company sells its products under the Birds Eye, Duncan Hines, Healthy Choice, Marie Callender's, Reddi-wip, Slim Jim, Angie's BOOMCHICKAPOP, Duke's, Earth Balance, Gardein, and Frontera brands. 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 1861 and is headquartered in Chicago, Illinois.

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CAG Stock News Headlines

Conagra Brands: Attractive Yield And Growing
VP Of Conagra Brands Sold $103K In Stock
Conagra raises dividend by 5.6%
See More Headlines
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CAG Company Calendar

Last Earnings
7/14/2022
Ex-Dividend for 9/1 Dividend
8/02/2022
Dividend Payable
9/01/2022
Today
9/26/2022
Next Earnings (Confirmed)
10/06/2022
Fiscal Year End
5/31/2023

Industry, Sector and Symbol

Industry
Food & kindred products
Sub-Industry
Packaged Foods & Meats
CUSIP
20588710
Employees
18,000
Year Founded
1919

Price Target and Rating

Average Stock Price Forecast
$35.67
High Stock Price Forecast
$40.00
Low Stock Price Forecast
$32.00
Forecasted Upside/Downside
+4.9%
Consensus Rating
Hold
Rating Score (0-4)
2.13
Research Coverage
8 Analysts

Profitability

Net Income
$888.20 million
Pretax Margin
8.96%

Debt

Sales & Book Value

Annual Sales
$11.54 billion
Cash Flow
$3.13 per share
Book Value
$18.46 per share

Miscellaneous

Free Float
475,387,000
Market Cap
$16.32 billion
Optionable
Optionable
Beta
0.57

Social Links


Key Executives

  • Mr. Sean M. Connolly (Age 57)
    Pres, CEO & Director
    Comp: $3.97M
  • Mr. David S. Marberger (Age 57)
    Exec. VP & CFO
    Comp: $1.63M
  • Mr. Thomas M. McGoughMr. Thomas M. McGough (Age 57)
    Co-COO & Exec. VP
    Comp: $1.65M
  • Mr. Darren C. SerraoMr. Darren C. Serrao (Age 55)
    Co-COO & Exec. VP
    Comp: $1.27M
  • Mr. Alexandre O. Eboli (Age 50)
    Exec. VP & Chief Supply Chain Officer
    Comp: $1.35M
  • Ms. Mindy Simon
    Chief Information Officer
  • Ms. Melissa Napier
    Sr. VP of Investor Relation
  • Ms. Carey L. Bartell (Age 48)
    Exec. VP, Gen. Counsel & Corp. Sec.
  • Mr. Jonathan J. Harris (Age 54)
    Chief Communications Officer & Sr. VP
  • Ms. Charisse Brock (Age 60)
    Exec. VP & Chief HR Officer













CAG Stock - Frequently Asked Questions

Should I buy or sell Conagra Brands stock right now?

8 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 1 buy rating 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.
View CAG analyst ratings
or view top-rated stocks.

What is Conagra Brands' stock price forecast for 2022?

8 equities research analysts have issued 12 month target prices for Conagra Brands' stock. Their CAG share price forecasts range from $32.00 to $40.00. On average, they expect the company's stock price to reach $35.67 in the next year. This suggests a possible upside of 3.8% from the stock's current price.
View analysts price targets for CAG
or view top-rated stocks among Wall Street analysts.

How have CAG shares performed in 2022?

Conagra Brands' stock was trading at $34.15 at the beginning of 2022. Since then, CAG stock has increased by 0.6% and is now trading at $34.35.
View the best growth stocks for 2022 here
.

When is Conagra Brands' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 6th 2022.
View our CAG earnings forecast
.

How can I listen to Conagra Brands' earnings call?

Conagra Brands will be holding an earnings conference call on Thursday, October 6th at 9:30 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Conagra Brands' earnings last quarter?

Conagra Brands, Inc. (NYSE:CAG) released its quarterly earnings data on Thursday, July, 14th. The company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.01. The business had revenue of $2.91 billion for 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 business's revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.54 EPS.
Read the conference call transcript
.

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

Conagra Brands declared a quarterly dividend on Friday, July 22nd. Stockholders of record on Wednesday, August 3rd will be given 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 3.84%. The ex-dividend date of this dividend is Tuesday, August 2nd. This is a positive change from the stock's previous quarterly dividend of $0.31.
Read our dividend analysis for CAG
.

Is Conagra Brands a good dividend stock?

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 52.59% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CAG.

What guidance has Conagra Brands issued on next quarter's earnings?

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

What is Sean Connolly's approval rating as Conagra Brands' CEO?

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.

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), 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).

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 institutional and retail investors. Top institutional investors include Price T Rowe Associates Inc. MD (5.82%), State Street Corp (4.95%), Macquarie Group Ltd. (3.72%), Federated Hermes Inc. (1.27%), Northern Trust Corp (1.19%) and Coho Partners Ltd. (0.95%). 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.
View institutional ownership trends
.

How do I buy shares of Conagra Brands?

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.
Compare Top Brokerages Here.

What is Conagra Brands' stock price today?

One share of CAG stock can currently be purchased for approximately $34.35.

How much money does Conagra Brands make?

Conagra Brands (NYSE:CAG) has a market capitalization of $16.49 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.

How many employees does Conagra Brands have?

The company employs 18,000 workers across the globe.

Does Conagra Brands have any subsidiaries?
The following companies are subsidiares of Conagra Brands: Agro Tech Foods, Alexia Foods, American Pie - Assets, Angie's Artisan Treats, Angie's Artisan Treats LLC, Bertolli, Blake's All Natural Foods, Capitol Milling Co., ConAgra Foods AM Holdings LP, ConAgra Foods Enterprise Services Inc., ConAgra Foods Packaged Foods LLC, ConAgra Foods RDM Inc., ConAgra Foods Sales LLC, ConAgra Funding LLC, Conagra Brands Canada Inc., Conagra G&S (CAG) LLC, Conagra G&S (PF) LLC, Conagra R&F (PF) LLC, Del Monte Canada, Egg Beaters, Elan Nutrition, Fernando's Foods Corporation, Frontera Foods, GoodMark Foods, Holly Ridge Foods Inc., International Home Foods, Lightlife Foods, Lincoln Snacks, Litton Industries - Emerge, National Pretzel Company, Odom's Tennessee Pride, Pinnacle Foods, Ralcorp, Sandwich Bros. of Wisconsin, Saroni Sugar & Rice, Signature Foods, TaiMei Potato, Thanasi Foods, Twin City Foods - Assets, and Watts Brothers.
Read More
How can I contact Conagra Brands?

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.

This page (NYSE:CAG) was last updated on 9/26/2022 by MarketBeat.com Staff

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