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NYSE:CAG

Conagra Brands Stock Forecast, Price & News

$35.76
+0.40 (+1.13 %)
(As of 11/25/2020 12:00 AM ET)
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Today's Range
$35.53
Now: $35.76
$36.07
50-Day Range
$34.38
MA: $36.51
$38.01
52-Week Range
$22.83
Now: $35.76
$39.34
Volume2.05 million shs
Average Volume2.67 million shs
Market Capitalization$17.47 billion
P/E Ratio17.62
Dividend Yield3.11%
Beta0.9
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, Marie Callender's, Banquet, Healthy Choice, Slim Jim, Reddi-wip, Vlasic, Angie's BOOMCHICKAPOP, Duke's, Earth Balance, Gardein, Frontera, Chef Boyardee, and Alexia 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 1919 and is headquartered in Chicago, Illinois.
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Beat the Market (BTM) Rank

Analyst Opinion: 1.3Community Rank: 2.3Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.92 out of 5 stars


Industry, Sector and Symbol

Industry Food & kindred products
Sub-IndustryPackaged Foods & Meats
CUSIP20588710
Phone312-549-5000
Employees16,500

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$11.05 billion
Cash Flow$3.12 per share
Book Value$16.32 per share

Profitability

Net Income$840.10 million

Miscellaneous

Market Cap$17.47 billion
Next Earnings Date12/17/2020 (Estimated)
OptionableOptionable
$35.76
+0.40 (+1.13 %)
(As of 11/25/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Conagra Brands (NYSE:CAG) Frequently Asked Questions

How has Conagra Brands' stock price been impacted by Coronavirus?

Conagra Brands' stock was trading at $26.81 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, CAG shares have increased by 33.4% and is now trading at $35.76.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Conagra Brands?

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
.

What stocks does MarketBeat like better than Conagra Brands?

Wall Street analysts have given Conagra Brands a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Conagra Brands wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Conagra Brands' next earnings date?

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

How were Conagra Brands' earnings last quarter?

Conagra Brands, Inc. (NYSE:CAG) issued its quarterly earnings data on Tuesday, October, 6th. The company reported $0.70 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.57 by $0.13. The firm earned $2.68 billion during the quarter, compared to analyst estimates of $2.61 billion. Conagra Brands had a return on equity of 15.77% and a net margin of 8.77%. The business's quarterly revenue was up 12.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.43 earnings per share.
View Conagra Brands' earnings history
.

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

Conagra Brands announced a quarterly dividend on Thursday, October 1st. Shareholders 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 dividend on an annualized basis and a dividend yield of 3.08%. The ex-dividend date of this dividend is Friday, October 30th. This is a positive change from Conagra Brands's previous quarterly dividend of $0.21.
View Conagra Brands' dividend history
.

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

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

What price target have analysts set for CAG?

13 analysts have issued twelve-month target prices for Conagra Brands' stock. Their forecasts range from $30.00 to $41.00. On average, they expect Conagra Brands' stock price to reach $36.23 in the next twelve months. This suggests a possible upside of 1.3% from the stock's current price.
View analysts' price targets for Conagra Brands
.

Are investors shorting Conagra Brands?

Conagra Brands saw a increase in short interest in the month of October. As of October 30th, there was short interest totaling 10,140,000 shares, an increase of 28.2% from the October 15th total of 7,910,000 shares. Based on an average daily volume of 2,770,000 shares, the short-interest ratio is presently 3.7 days.
View Conagra Brands' Short Interest
.

Who are some of Conagra Brands' key competitors?

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), The Walt Disney (DIS), Cisco Systems (CSCO), NVIDIA (NVDA), The Procter & Gamble (PG), General Electric (GE) and Verizon Communications (VZ).

Who are Conagra Brands' key executives?

Conagra Brands' management team includes the following people:
  • Mr. Sean M. Connolly, Pres, CEO & Director (Age 55, Pay $4.25M)
  • Mr. David S. Marberger, Exec. VP & CFO (Age 55, Pay $1.86M)
  • Mr. Thomas M. McGough, Co-COO & Exec. VP (Age 55, Pay $1.74M)
  • Mr. Darren C. Serrao, Co-COO & Exec. VP (Age 53, Pay $1.5M)
  • Ms. Colleen R. Batcheler, Exec. VP, Gen. Counsel & Corp. Sec. (Age 46, Pay $1.45M)
  • Ms. Mindy Simon, Chief Information Officer
  • Mr. Brian Kearney, Head of Investor Relations
  • Mr. Jonathan J. Harris, Chief Communications Officer & Sr. VP (Age 52)
  • Ms. Charisse Brock, Exec. VP & Chief HR Officer (Age 58)
  • Mr. Stephen J. Tibey, Sr. VP of Supply Chain Management (Age 71)

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 many different retail and institutional 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
.

Which institutional investors are selling Conagra Brands stock?

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
.

Which institutional investors are buying Conagra Brands stock?

CAG stock was acquired 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
.

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, Robinhood, Fidelity, and Charles Schwab.

What is Conagra Brands' stock price today?

One share of CAG stock can currently be purchased for approximately $35.76.

How big of a company is Conagra Brands?

Conagra Brands has a market capitalization of $17.47 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.

What is Conagra Brands' official website?

The official website for Conagra Brands is 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]

This page was last updated on 11/27/2020 by MarketBeat.com Staff

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