Conagra Brands (CAG) Stock Price, News & Analysis

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Conagra Brands in the last year. There are currently 9 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research 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.
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10 Wall Street research analysts have issued 1-year target prices for Conagra Brands' shares. Their CAG share price targets range from $28.00 to $40.00. On average, they predict the company's share price to reach $33.14 in the next twelve months. This suggests a possible upside of 9.2% from the stock's current price.
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Conagra Brands' stock was trading at $28.66 at the start of the year. Since then, CAG shares have increased by 5.9% and is now trading at $30.36.
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Conagra Brands saw a increase in short interest in the month of March. As of March 31st, there was short interest totaling 11,370,000 shares, an increase of 21.9% from the March 15th total of 9,330,000 shares. Based on an average daily trading volume, of 5,010,000 shares, the days-to-cover ratio is presently 2.3 days. Approximately 2.4% of the company's shares are short sold.
View Conagra Brands' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 11th 2024.
View our CAG earnings forecast.

Conagra Brands, Inc. (NYSE:CAG) released its quarterly earnings data on Thursday, April, 4th. The company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.64 by $0.05. The business earned $3.03 billion during the quarter, compared to analysts' expectations of $3.01 billion. Conagra Brands had a net margin of 7.86% and a trailing twelve-month return on equity of 14.25%. Conagra Brands's quarterly revenue was down 1.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.76 earnings per share.
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Conagra Brands declared a quarterly dividend on Thursday, April 11th. Stockholders of record on Tuesday, April 30th will be paid a dividend of $0.35 per share on Thursday, May 30th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 4.61%. The ex-dividend date is Monday, April 29th.
Read our dividend analysis for CAG.

Conagra Brands (NYSE:CAG) pays an annual dividend of $1.40 per share and currently has a dividend yield of 4.67%. CAG has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 4 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 70.35%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CAG will have a dividend payout ratio of 52.04% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CAG.

ETFs with the largest weight of Conagra Brands (NYSE:CAG) stock in their portfolio include First Trust Nasdaq Food & Beverage ETF (FTXG), Invesco S&P 500 Equal Weight Consumer Staples ETF (RHS), Invesco S&P 500 Equal Weight Consumer Staples ETF (RSPS), First Trust Consumer Staples AlphaDEX Fund (FXG), ALPS Sector Dividend Dogs ETF (SDOG), Invesco S&P 500 High Dividend Low Volatility ETF (SPHD), AAM S&P 500 High Dividend Value ETF (SPDV) and Federated Hermes U.S. Strategic Dividend ETF (FDV).

Conagra Brands updated its FY 2024 earnings guidance on Thursday, April, 4th. The company provided earnings per share guidance of 2.600-2.650 for the period, compared to the consensus earnings per share estimate of 2.650. The company issued revenue guidance of -.

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.

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).

Conagra Brands' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include AMF Tjanstepension AB (0.34%), Allspring Global Investments Holdings LLC (0.13%), Meyer Handelman Co. (0.13%), Brookstone Capital Management (0.07%), F&V Capital Management LLC (0.07%) and Centre Asset Management LLC (0.07%). Insiders that own company stock include Carey Bartell, Charisse Brock, Colleen Batcheler, Darren Serrao, Emanuel Chirico, Jana Partners Llc, Richard H Lenny, Richard H Lenny, Robert G Wise, Thomas K Brown and Thomas M Mcgough.
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Shares of CAG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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