Conagra Brands (CAG) Stock Price, News & Analysis

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Conagra Brands in the last twelve months. There are currently 11 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.
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13 Wall Street research analysts have issued twelve-month price objectives for Conagra Brands' stock. Their CAG share price targets range from $28.00 to $40.00. On average, they expect the company's stock price to reach $32.87 in the next twelve months. This suggests a possible upside of 20.0% from the stock's current price.
View analysts price targets for CAG or view top-rated stocks among Wall Street analysts.

Conagra Brands' stock was trading at $28.66 at the beginning of 2024. Since then, CAG stock has decreased by 4.4% and is now trading at $27.40.
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Conagra Brands saw a increase in short interest in the month of January. As of January 15th, there was short interest totaling 9,110,000 shares, an increase of 7.2% from the December 31st total of 8,500,000 shares. Based on an average daily volume of 4,480,000 shares, the short-interest ratio is presently 2.0 days. Approximately 1.9% of the shares of the company are sold short.
View Conagra Brands' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 3rd 2024.
View our CAG earnings forecast.

Conagra Brands, Inc. (NYSE:CAG) posted its quarterly earnings data on Thursday, January, 4th. The company reported $0.71 EPS for the quarter, beating the consensus estimate of $0.68 by $0.03. The company had revenue of $3.21 billion for the quarter, compared to analyst estimates of $3.23 billion. Conagra Brands had a net margin of 8.09% and a trailing twelve-month return on equity of 14.78%. The company's revenue for the quarter was down 3.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.81 EPS.
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Conagra Brands declared a quarterly dividend on Thursday, December 14th. Stockholders of record on Tuesday, January 30th will be paid a dividend of $0.35 per share on Thursday, February 29th. This represents a $1.40 annualized dividend and a dividend yield of 5.11%. The ex-dividend date of this dividend is Monday, January 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 5.11%. 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 67.96%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CAG will have a dividend payout ratio of 52.43% 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 Dorsey Wright Consumer Staples Momentum ETF (PSL), Invesco Food & Beverage ETF (PBJ), 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), USCF Dividend Income Fund (UDI) and AAM Bahl & Gaynor Small/Mid Cap Income Growth ETF (SMIG).

Conagra Brands issued an update on its FY24 earnings guidance on Thursday, January, 4th. The company provided EPS guidance of $2.60-2.65 for the period, compared to the consensus estimate of $2.68.

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 retail and institutional investors. Top institutional investors include Nordea Investment Management AB (2.78%), Federated Hermes Inc. (1.76%), LSV Asset Management (1.73%), Norges Bank (1.03%), Dimensional Fund Advisors LP (0.77%) and Coho Partners Ltd. (0.69%). 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.
View institutional ownership trends.

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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