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NYSE:CAG

Conagra Brands - CAG Stock Forecast, Price & News

$35.40
+0.50 (+1.43%)
(As of 08/16/2022 02:19 PM ET)
Add
Compare
Today's Range
$34.94
$35.46
50-Day Range
$31.37
$35.74
52-Week Range
$30.06
$36.97
Volume
73,965 shs
Average Volume
3.23 million shs
Market Capitalization
$17.00 billion
P/E Ratio
19.24
Dividend Yield
3.84%
Price Target
$35.67

Conagra Brands MarketRank™ Forecast

Analyst Rating
Hold
2.22 Rating Score
Upside/​Downside
0.8% Upside
$35.67 Price Target
Short Interest
Healthy
2.14% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-2.29
Upright™ Environmental Score
News Sentiment
0.29mentions of Conagra Brands in the last 14 days
Based on 2 Articles This Week
Insider Trading
Acquiring Shares
$1.02 M Bought Last Quarter
Proj. Earnings Growth
6.22%
From $2.41 to $2.56 Per Share

Overall MarketRank

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

2.26 out of 5 stars

Consumer Staples Sector

82nd out of 152 stocks

Food & Kindred Products Industry

7th 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 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 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. 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 incorporated in 1919 and is headquartered in Chicago, Illinois.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on CAG. Credit Suisse Group dropped their price target on Conagra Brands from $36.00 to $35.00 and set a "neutral" rating for the company in a research report on Friday, July 15th. Morgan Stanley dropped their price target on Conagra Brands from $36.00 to $34.00 and set an "equal weight" rating for the company in a research report on Friday, July 15th. Deutsche Bank Aktiengesellschaft dropped their price target on Conagra Brands from $35.00 to $32.00 in a research report on Friday, July 15th. Citigroup dropped their price target on Conagra Brands from $37.00 to $35.00 and set a "neutral" rating for the company in a research report on Friday, July 15th. Finally, UBS Group boosted their price target on Conagra Brands from $34.00 to $35.00 and gave the stock a "neutral" rating in a research report on Friday, July 8th. Eight investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $35.67.

Conagra Brands Price Performance

CAG opened at $34.90 on Tuesday. The stock's 50-day moving average price is $33.72 and its 200 day moving average price is $34.01. Conagra Brands has a 12-month low of $30.06 and a 12-month high of $36.97. The company has a current ratio of 0.86, a quick ratio of 0.31 and a debt-to-equity ratio of 0.91. The firm has a market cap of $16.76 billion, a price-to-earnings ratio of 18.97, a PEG ratio of 2.04 and a beta of 0.59.

Conagra Brands (NYSE:CAG - Get Rating) last posted its earnings results 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. Conagra Brands had a return on equity of 12.99% and a net margin of 7.70%. The firm had revenue of $2.91 billion for the quarter, compared to analyst estimates of $2.93 billion. During the same quarter in the prior year, the company earned $0.54 EPS. Conagra Brands's revenue was up 6.2% on a year-over-year basis. As a group, sell-side analysts expect that Conagra Brands will post 2.41 earnings per share for the current year.

Conagra Brands Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 1st. Shareholders of record on Wednesday, August 3rd will be issued a dividend of $0.33 per share. This is an increase from Conagra Brands's previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Tuesday, August 2nd. This represents a $1.32 annualized dividend and a yield of 3.78%. Conagra Brands's dividend payout ratio is 71.74%.

Insiders Place Their Bets

In related news, Director Emanuel Chirico purchased 30,000 shares of the business's stock in a transaction on Monday, July 25th. The shares were bought at an average price of $34.06 per share, for a total transaction of $1,021,800.00. Following the acquisition, the director now directly owns 40,788 shares in the company, valued at $1,389,239.28. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.98% of the stock is owned by company insiders.

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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%
Conagra Not All That Appetizing Right Now
See More Headlines
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CAG Company Calendar

Ex-Dividend for 6/1 Dividend
4/28/2022
Dividend Payable
6/01/2022
Last Earnings
7/14/2022
Ex-Dividend for 9/1 Dividend
8/02/2022
Today
8/16/2022
Dividend Payable
9/01/2022
Next Earnings (Estimated)
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
+0.8%
Consensus Rating
Hold
Rating Score (0-4)
2.22
Research Coverage
9 Analysts

Profitability

Net Income
$888.20 million
Pretax Margin
8.96%

Debt

Sales & Book Value

Annual Sales
$11.54 billion
Cash Flow
$3.25 per share
Book Value
$18.46 per share

Miscellaneous

Free Float
475,387,000
Market Cap
$17.00 billion
Optionable
Optionable
Beta
0.59

Social Links


Key Executives














CAG Stock - Frequently Asked Questions

Should I buy or sell Conagra Brands stock right now?

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.
View CAG analyst ratings
or view top-rated stocks.

What is Conagra Brands' stock price forecast for 2022?

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.
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 start of the year. Since then, CAG stock has increased by 2.2% and is now trading at $34.90.
View the best growth stocks for 2022 here
.

Are investors shorting Conagra Brands?

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
.

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 were Conagra Brands' earnings last quarter?

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.
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. 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
.

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 51.56% 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 (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 -.

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 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.
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 $34.90.

How much money does Conagra Brands make?

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.

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
When was Conagra Brands founded?

Conagra Brands was founded in 1919.

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 8/16/2022 by MarketBeat.com Staff

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