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
Stock Exchange NYSE
Industry Food & kindred products
Sub-IndustryPackaged Foods & Meats
SectorConsumer Staples
SymbolNYSE:CAG
CUSIP20588710
Phone312-549-5000
Debt
Debt-to-Equity Ratio0.86
Current Ratio0.83
Quick Ratio0.40
Price-To-Earnings
Trailing P/E Ratio17.13
Forward P/E Ratio16.07
P/E Growth2.01
Sales & Book Value
Annual Sales$7.94 billion
Price / Sales1.82
Cash Flow$2.7744 per share
Price / Cash13.03
Book Value$9.38 per share
Price / Book3.85
Profitability
EPS (Most Recent Fiscal Year)$2.11
Net Income$808.40 million
Net Margins10.18%
Return on Equity22.54%
Return on Assets8.28%
Miscellaneous
Employees12,600
Outstanding Shares400,660,000
Market Cap$14,535.98
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 Wednesday, July 18th. Shareholders of record on Tuesday, July 31st will be paid a dividend of $0.2125 per share on Thursday, August 30th. This represents a $0.85 annualized dividend and a yield of 2.35%. The ex-dividend date of this dividend is Monday, July 30th. View Conagra Brands' Dividend History.
How will Conagra Brands' stock buyback program work?
Conagra Brands declared that its Board of Directors has authorized a share repurchase program on Friday, June 30th 2017, which permits the company to buyback $1,000,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to purchase up to 6.5% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's management believes its shares are undervalued.
How were Conagra Brands' earnings last quarter?
Conagra Brands Inc (NYSE:CAG) released its quarterly earnings data on Wednesday, June, 27th. The company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.43 by $0.07. The business earned $1.97 billion during the quarter, compared to analysts' expectations of $1.93 billion. Conagra Brands had a net margin of 10.18% and a return on equity of 22.54%. Conagra Brands's quarterly revenue was up 5.6% on a year-over-year basis. During the same period in the prior 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 1 year target prices for Conagra Brands' shares. Their forecasts range from $39.00 to $46.00. On average, they anticipate Conagra Brands' share price to reach $41.75 in the next year. This suggests a possible upside of 15.5% from the stock's current price. View Analyst Ratings for Conagra Brands.
What is the consensus analysts' recommendation for Conagra Brands?
9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Conagra Brands in the last year. There are currently 3 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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 is progressing well with its transformation plan, evident from its robust fourth-quarter fiscal 2018 results as well as its deal to buy Pinnacle Foods. Conagra’s earnings and sales grew year over year and topped estimates in the quarter. While earnings gained from lower costs and reduced taxes, sales were backed by buyouts and organic sales growth. Clearly, the company’s efforts to reshape business is working well, also evident from its latest buyout. Incidentally, Pinnacle Foods’ addition to Conagra will create a robust portfolio of leading, iconic brands, helping the combined entity become the second-largest player in the booming frozen foods space. The deal is also expected to boost earnings in fiscal 2020. However, Conagra’s shares have been declining, somewhat accountable to input cost inflation that is expected to persist in fiscal 2019, which is a threat to margins. Also, soft Foodservice sales is a worry." (6/29/2018)
- 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)
Are investors shorting Conagra Brands?
Conagra Brands saw a increase in short interest in the month of June. As of June 29th, there was short interest totalling 18,784,589 shares, an increase of 84.3% from the June 15th total of 10,191,859 shares. Based on an average daily trading volume, of 8,534,153 shares, the short-interest ratio is currently 2.2 days. Approximately 4.8% of the company's stock are short sold. View Conagra Brands' Current Options Chain.
Who are some of Conagra Brands' key competitors?
Some companies that are related to Conagra Brands include 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, Accern Sentiment reports. The research firm scores the sentiment of media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Conagra Brands earned a news impact score of 0.05 on Accern's scale. They also assigned media coverage about the company an impact score of 46.34 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company's share price in the immediate future.
Who are Conagra Brands' major shareholders?
Conagra Brands' stock is owned by a number of of institutional and retail investors. Top institutional investors include NN Investment Partners Holdings N.V. (0.17%), Sit Investment Associates Inc. (0.15%), Bank of Montreal Can (0.12%), Deprince Race & Zollo Inc. (0.09%), Howard Capital Management (0.06%) and State of Alaska Department of Revenue (0.06%). Company insiders that own Conagra Brands stock include Colleen Batcheler, Joie A Gregor, Robert G Wise, Ruth Ann Marshall, Stephen G Butler and Steven F Goldstone. 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 Assenagon Asset Management S.A., Hartford Investment Management Co., Clinton Group Inc., Fjarde AP Fonden Fourth Swedish National Pension Fund, Compass Capital Management Inc., Retirement Systems of Alabama, F&V Capital Management LLC and Municipal Employees Retirement System of Michigan. 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, Stephen G Butler and Steven F Goldstone. 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 NN Investment Partners Holdings N.V., Deprince Race & Zollo Inc., Bank of Montreal Can, Manning & Napier Group LLC, State of Alaska Department of Revenue, Cornerstone Wealth Management LLC, First National Bank of Omaha and Meag Munich Ergo Kapitalanlagegesellschaft MBH. 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 $36.15.
How big of a company is Conagra Brands?
Conagra Brands has a market capitalization of $14.54 billion and generates $7.94 billion in revenue each year. The company earns $808.40 million in net income (profit) each year or $2.11 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 (NYSE 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.
