NYSE:CAG - Conagra Brands Stock Price, News, & Analysis

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$32.64 -2.55 (-7.25 %)
(As of 11/15/2018 06:00 AM ET)
Previous Close$35.19
Today's Range$32.55 - $34.49
52-Week Range$32.55 - $39.43
Volume12.64 million shs
Average Volume4.63 million shs
Market Capitalization$13.81 billion
P/E Ratio15.47
Dividend Yield2.41%
Beta0.17
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. sells its products under the Marie Callender's, Reddi-wip, Hunt's, Healthy Choice, Slim Jim, Orville Redenbacher's, Alexia, Angie's BOOMCHICKAPOP, Blake's, Duke's, Frontera, Banquet, Chef Boyardee, and BIGS 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.

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Industry, Sector and Symbol

Stock Exchange NYSE
Industry Food & kindred products
Sub-IndustryPackaged Foods & Meats
SectorConsumer Staples
Current SymbolNYSE:CAG
Previous Symbol
CUSIP20588710
Phone312-549-5000

Debt

Debt-to-Equity Ratio0.85
Current Ratio0.84
Quick Ratio0.39

Price-To-Earnings

Trailing P/E Ratio15.47
Forward P/E Ratio15.18
P/E Growth2.05

Sales & Book Value

Annual Sales$7.94 billion
Price / Sales1.61
Cash Flow$2.6429 per share
Price / Cash12.35
Book Value$9.61 per share
Price / Book3.40

Profitability

EPS (Most Recent Fiscal Year)$2.11
Net Income$808.40 million
Net Margins10.47%
Return on Equity22.50%
Return on Assets8.18%

Miscellaneous

Employees12,400
Outstanding Shares391,850,000
Market Cap$13.81 billion
OptionableOptionable

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, September 21st. Investors of record on Wednesday, October 17th will be paid a dividend of $0.2125 per share on Friday, November 30th. This represents a $0.85 dividend on an annualized basis and a yield of 2.60%. The ex-dividend date of this dividend is Tuesday, October 16th. View Conagra Brands' Dividend History.

How will Conagra Brands' stock buyback program work?

Conagra Brands declared that its board has authorized a share repurchase plan on Friday, June 30th 2017, which authorizes the company to repurchase $1,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase up to 6.5% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's board believes its shares are undervalued.

How were Conagra Brands' earnings last quarter?

Conagra Brands Inc (NYSE:CAG) posted its quarterly earnings results on Thursday, September, 27th. The company reported $0.47 EPS for the quarter, missing analysts' consensus estimates of $0.49 by $0.02. The firm earned $1.83 billion during the quarter, compared to the consensus estimate of $1.85 billion. Conagra Brands had a return on equity of 22.50% and a net margin of 10.47%. The firm's revenue for the quarter was up 1.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.46 earnings per share. 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, December 20th 2018. View Earnings Estimates for Conagra Brands.

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

Conagra Brands updated its second quarter earnings guidance on Thursday, September, 27th. The company provided EPS guidance of $0.57-0.60 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.65.

What price target have analysts set for CAG?

10 analysts have issued 12 month price objectives for Conagra Brands' stock. Their predictions range from $40.00 to $46.00. On average, they anticipate Conagra Brands' stock price to reach $42.8889 in the next twelve months. This suggests a possible upside of 31.4% from the stock's current price. View Analyst Price Targets for Conagra Brands.

What is the consensus analysts' recommendation for Conagra Brands?

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Conagra Brands in the last year. There are currently 1 sell rating, 1 hold rating and 8 buy ratings for the stock, resulting in a consensus recommendation of "Buy." 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 Brands completed the acquisition of Pinnacle Foods, which is expected to solidify its position in the frozen foods space. Achieving growth via acquisitions is not new for the company. Its sales growth was fueled by Angie's BOOMCHICKAPOP and Sandwich Bros. buyouts in first-quarter fiscal 2019. During the quarter, sales and earnings grew year on year with Refrigerated & Frozen and Grocery & Snacks units being exceptionally strong. Further, the company is making efforts to enhance ROI, which, however, weighed on its gross margin. Gross margin was also hurt by input cost inflation that is expected to persist. Also, Foodservice sales remained soft for the company that has lagged the industry in the past six months. In fact, management expects sales in the second quarter to remain challenged due to hurricane-related impacts. Nonetheless, this seems to be a short-term hurdle as Conagra is confident about its fiscal 2019 show." (11/12/2018)
  • 2. Jefferies Financial Group Inc analysts commented, "We have a favorable view of the PF acquisition & believe that LT accretion from the deal will likely exceed mgmt’s guidance. Although 1Q results and 2Q guidance points to a deceleration in sales and GP growth, we view this as transitory. Moreover, reaffirmed FY19 guidance implies improving organic growth trends relative to 2H19 which is supportive of our BSM thesis. We are reiterating our Buy rating & $44 PT." (10/5/2018)

Has Conagra Brands been receiving favorable news coverage?

Media coverage about CAG stock has trended somewhat positive recently, according to InfoTrie Sentiment. The research group identifies positive and negative news coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Conagra Brands earned a coverage optimism score of 1.1 on InfoTrie's scale. They also gave news headlines about the company a news buzz of 5.0 out of 10, meaning that recent news coverage is somewhat likely to have an effect on the company's share price in the near future.

Are investors shorting Conagra Brands?

Conagra Brands saw a drop in short interest in October. As of October 31st, there was short interest totalling 15,942,010 shares, a drop of 52.5% from the October 15th total of 33,562,297 shares. Based on an average daily volume of 9,333,985 shares, the days-to-cover ratio is currently 1.7 days. Approximately 4.1% of the company's stock are short sold. View Conagra Brands' Current Options Chain.

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)
  • Mr. Thomas M. McGough, Co-Chief Operating Officer (Age 53)
  • Mr. Darren C. Serrao, Co-Chief Operating Officer (Age 51)
  • Ms. Colleen R. Batcheler, Exec. VP, Gen. Counsel & Corp. Sec. (Age 44)

Who are Conagra Brands' major shareholders?

Conagra Brands' stock is owned by many different of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (7.09%), American Century Companies Inc. (1.92%), Bank of New York Mellon Corp (1.79%), FMR LLC (1.71%), Coho Partners Ltd. (1.06%) and Jennison Associates LLC (0.84%). Company insiders that own Conagra Brands stock include Colleen Batcheler, David S Marberger, Joie A Gregor, Robert G Wise, Ruth Ann Marshall, Sean Connolly, Stephen G Butler, Steven F Goldstone and Thomas K Brown. View Institutional Ownership Trends for Conagra Brands.

Which institutional investors are selling Conagra Brands stock?

CAG stock was sold by a variety of institutional investors in the last quarter, including Unigestion Holding SA, Panagora Asset Management Inc., Prudential Financial Inc., American Century Companies Inc., BlackRock Inc., Janus Henderson Group PLC, Canada Pension Plan Investment Board and Mitsubishi UFJ Trust & Banking Corp. 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 institutional investors are buying Conagra Brands stock?

CAG stock was purchased by a variety of institutional investors in the last quarter, including FMR LLC, Renaissance Technologies LLC, Coho Partners Ltd., State of New Jersey Common Pension Fund D, AXA, Brown Advisory Inc., LSV Asset Management and Russell Investments Group Ltd.. Company insiders that have bought Conagra Brands stock in the last two years include David S Marberger, Sean Connolly and Thomas K Brown. 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 $32.64.

How big of a company is Conagra Brands?

Conagra Brands has a market capitalization of $13.81 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 12,400 workers across the globe.

What is Conagra Brands' official website?

The official website for Conagra Brands is http://www.conagrabrands.com.

How can I contact Conagra Brands?

Conagra Brands' mailing address is 222 W. 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)

Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  442 (Vote Outperform)
Underperform Votes:  512 (Vote Underperform)
Total Votes:  954
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 11/15/2018 by MarketBeat.com Staff

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