Conagra Brands (CAG) Stock Price, News & Analysis

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Conagra Brands in the last twelve months. There are currently 9 hold ratings and 1 buy rating for the stock. The consensus among Wall Street 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 analysts have issued 1 year price targets for Conagra Brands' stock. Their CAG share price targets range from $28.00 to $40.00. On average, they predict the company's stock price to reach $33.14 in the next twelve months. This suggests a possible upside of 11.4% from the stock's current price.
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Conagra Brands' stock was trading at $28.66 at the beginning of 2024. Since then, CAG stock has increased by 3.8% and is now trading at $29.76.
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Conagra Brands saw a increase in short interest during 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 short-interest ratio is currently 2.3 days. Currently, 2.4% of the company's stock 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) issued its earnings results on Thursday, April, 4th. The company reported $0.69 EPS for the quarter, beating analysts' consensus estimates of $0.64 by $0.05. The firm 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%. The business's quarterly revenue was down 1.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.76 earnings per share.
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Conagra Brands declared a quarterly dividend on Thursday, April 11th. Investors 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 yield of 4.70%. 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 4.78%. 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 issued an update on its FY 2024 earnings guidance on Thursday, April, 4th. The company provided EPS 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 number of institutional and retail investors. Top institutional shareholders include Meyer Handelman Co. (0.13%), Brookstone Capital Management (0.07%), F&V Capital Management LLC (0.07%), Centre Asset Management LLC (0.07%), Adams Asset Advisors LLC (0.04%) and Carolina Wealth Advisors LLC (0.03%). 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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