Conagra Brands, Inc. (NYSE:CAG) Declares $0.35 Quarterly Dividend

Conagra Brands, Inc. (NYSE:CAGGet Free Report) announced a quarterly dividend on Thursday, July 11th, RTT News reports. Stockholders of record on Thursday, August 1st will be given a dividend of 0.35 per share on Thursday, August 29th. This represents a $1.40 annualized dividend and a dividend yield of 4.86%.

Conagra Brands has raised its dividend payment by an average of 14.2% per year over the last three years. Conagra Brands has a dividend payout ratio of 49.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect Conagra Brands to earn $2.69 per share next year, which means the company should continue to be able to cover its $1.40 annual dividend with an expected future payout ratio of 52.0%.

Conagra Brands Price Performance

Conagra Brands stock opened at $28.81 on Thursday. The stock has a market cap of $13.77 billion, a price-to-earnings ratio of 14.48, a price-to-earnings-growth ratio of 2.76 and a beta of 0.32. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.95 and a quick ratio of 0.33. Conagra Brands has a 1 year low of $25.16 and a 1 year high of $33.60. The firm has a 50-day moving average of $29.55 and a two-hundred day moving average of $29.22.

Wall Street Analyst Weigh In

Several research firms have issued reports on CAG. Wells Fargo & Company lowered their price objective on shares of Conagra Brands from $32.00 to $31.00 and set an “equal weight” rating for the company in a research report on Wednesday. Barclays boosted their price objective on shares of Conagra Brands from $31.00 to $34.00 and gave the stock an “overweight” rating in a research note on Monday, April 8th. Citigroup dropped their target price on shares of Conagra Brands from $32.00 to $30.00 and set a “neutral” rating on the stock in a research report on Friday, June 28th. Finally, Stifel Nicolaus upped their price objective on shares of Conagra Brands from $29.00 to $32.00 and gave the company a “hold” rating in a report on Friday, April 5th. Ten research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to, the stock presently has a consensus rating of “Hold” and an average price target of $32.38.

View Our Latest Stock Analysis on CAG

Insider Activity

In related news, EVP Charisse Brock sold 15,444 shares of the firm’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $30.37, for a total transaction of $469,034.28. Following the completion of the sale, the executive vice president now directly owns 113,254 shares in the company, valued at $3,439,523.98. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.88% of the company’s stock.

Conagra Brands Company Profile

(Get Free Report)

Conagra Brands, Inc, together with its subsidiaries, operates as a consumer packaged goods food company primarily in the United States. The company operates through Grocery & Snacks, Refrigerated & Frozen, International, and Foodservice segments. The Grocery & Snacks segment primarily offers shelf stable food products through various retail channels.

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Dividend History for Conagra Brands (NYSE:CAG)

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