Conagra Brands Stock Forecast, Price & News

Conagra Brands' stock was trading at $26.81 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, CAG shares have increased by 36.4% and is now trading at $36.56.
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13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Conagra Brands in the last year. There are currently 7 hold ratings, 5 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Conagra Brands or view MarketBeat's top 5 stock picks.

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Conagra Brands is scheduled to release its next quarterly earnings announcement on Thursday, December 17th 2020.
View our earnings forecast for Conagra Brands.

Conagra Brands, Inc. (NYSE:CAG) issued its earnings results on Tuesday, October, 6th. The company reported $0.70 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.57 by $0.13. The company earned $2.68 billion during the quarter, compared to analysts' expectations of $2.61 billion. Conagra Brands had a return on equity of 15.77% and a net margin of 8.77%. The firm's revenue was up 12.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.43 earnings per share.
View Conagra Brands' earnings history.

Conagra Brands announced a quarterly dividend on Thursday, October 1st. Stockholders of record on Monday, November 2nd will be paid a dividend of $0.275 per share on Wednesday, December 2nd. This represents a $1.10 annualized dividend and a dividend yield of 3.01%. The ex-dividend date is Friday, October 30th. This is a boost from Conagra Brands's previous quarterly dividend of $0.21.
View Conagra Brands' dividend history.

Conagra Brands issued an update on its FY22 earnings guidance on Thursday, October, 1st. The company provided earnings per share (EPS) guidance of $2.66-2.76 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.49.

13 brokerages have issued 12-month price objectives for Conagra Brands' stock. Their forecasts range from $30.00 to $41.00. On average, they expect Conagra Brands' share price to reach $36.23 in the next twelve months. This suggests that the stock has a possible downside of 0.9%.
View analysts' price targets for Conagra Brands.

Conagra Brands saw a decline in short interest in November. As of November 15th, there was short interest totaling 8,360,000 shares, a decline of 17.6% from the October 31st total of 10,140,000 shares. Based on an average daily trading volume, of 2,820,000 shares, the days-to-cover ratio is currently 3.0 days.
View Conagra Brands' Short Interest.

Some companies that are related to Conagra Brands include Mondelez International (MDLZ), General Mills (GIS), The Hershey (HSY), Hormel Foods (HRL), McCormick & Company, Incorporated (MKC), Tyson Foods (TSN), Kellogg (K), Campbell Soup (CPB), The J. M. Smucker (SJM), Post (POST), Flowers Foods (FLO), Lancaster Colony (LANC), Pilgrim's Pride (PPC), The Hain Celestial Group (HAIN) and Seaboard (SEB).
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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), The Walt Disney (DIS), Cisco Systems (CSCO), NVIDIA (NVDA), The 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 number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (7.31%), State Street Corp (4.42%), Coho Partners Ltd. (0.88%), Nuveen Asset Management LLC (0.64%), JPMorgan Chase & Co. (0.59%) and Morgan Stanley (0.59%). Company insiders that own Conagra Brands stock include Colleen Batcheler, Craig P Omtvedt, David Biegger, Jana Partners Llc, Joie A Gregor, Richard H Lenny, Robert G Wise, Ruth Ann Marshall, Thomas K Brown and Thomas M Mcgough.
View institutional ownership trends for Conagra Brands.

CAG stock was sold by a variety of institutional investors in the last quarter, including UBS Asset Management Americas Inc., Poplar Forest Capital LLC, Cubist Systematic Strategies LLC, State Street Corp, Squarepoint Ops LLC, Payden & Rygel, Nuveen Asset Management LLC, and Gamco Investors INC. ET AL. Company insiders that have sold Conagra Brands company stock in the last year include Colleen Batcheler, David Biegger, Jana Partners Llc, Joie A Gregor, Robert G Wise, Thomas K Brown, and Thomas M Mcgough.
View insider buying and selling activity for Conagra Brands.

CAG stock was purchased by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Arrowstreet Capital Limited Partnership, BlackRock Inc., AJO LP, LSV Asset Management, Robeco Institutional Asset Management B.V., First Trust Advisors LP, and Teacher Retirement System of Texas. Company insiders that have bought Conagra Brands stock in the last two years include Craig P Omtvedt, and Joie A Gregor.
View insider buying and selling activity for 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, Robinhood, Fidelity, and Charles Schwab.

One share of CAG stock can currently be purchased for approximately $36.56.

Conagra Brands has a market capitalization of $17.86 billion and generates $11.05 billion in revenue each year. The company earns $840.10 million in net income (profit) each year or $2.28 on an earnings per share basis. Conagra Brands employs 16,500 workers across the globe.

The official website for Conagra Brands is www.conagrabrands.com.

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]