Conagra Brands (CAG) Stock Price, News & Analysis

Company Overview

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. The Refrigerated & Frozen segment provides temperature-controlled food products through various retail channels. The International segment offers food products in various temperature states through retail and foodservice channels outside of the United States. The Foodservice segment offers branded and customized food products, including meals, entrees, sauces, and various custom-manufactured culinary products packaged for restaurants and other foodservice establishments. The company sells its products under the Birds Eye, Marie Callender's, Duncan Hines, Healthy Choice, Slim Jim, Reddi-wip, Angie's, BOOMCHICKAPOP, Duke's, Earth Balance, Gardein, and Frontera brands. The company was incorporated in 1919 and is headquartered in Chicago, Illinois.

Key Stats

• Today's Range: $27.19 to $27.52
• 50-Day Range: $26.49 to $32.73
• 52-Week Range: $26.21 to $33.24
• Volume: 4.68 million shs
• Average Volume: 4.75 million shs
• Market Capitalization: $13.09 billion
• P/E Ratio: 26.63
• Dividend Yield: 5.10%
• Price Target: $31.63
• Consensus Rating: Hold

Conagra Brands Stock Analysis - MarketRank™

Conagra Brands scored higher than 83% of companies evaluated by MarketBeat, and ranked 42nd out of 142 stocks in the consumer staples sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.2 / 5
• Analyst Rating: Hold

Consensus Rating

Conagra Brands has received a consensus rating of Hold. The company's average rating score is 2.44, and is based on 2 buy ratings, 6 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Conagra Brands has only been the subject of 4 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: 3.86%

Earnings Growth

Earnings for Conagra Brands are expected to grow by 3.86% in the coming year, from $2.59 to $2.69 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Conagra Brands is 26.63, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 125.55.

Price to Earnings Ratio vs. Sector

The P/E ratio of Conagra Brands is 26.63, which means that it is trading at a more expensive P/E ratio than the Consumer Staples sector average P/E ratio of about 23.91.

Price to Earnings Growth Ratio

Conagra Brands has a PEG Ratio of 2.73. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Conagra Brands has a P/B Ratio of 1.54. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.87% of the float of Conagra Brands has been sold short.

Short Interest Ratio / Days to Cover

Conagra Brands has a short interest ratio ("days to cover") of 2.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Conagra Brands has recently increased by 3.42%, indicating that investor sentiment is decreasing.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Leadership

Conagra Brands is a leading dividend payer. It pays a dividend yield of 5.29%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Conagra Brands does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Conagra Brands is 135.92%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on earnings estimates, Conagra Brands will have a dividend payout ratio of 52.04% next year. This indicates that Conagra Brands will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 3.0 / 5
• Environmental Score: -2.29

Percentage of Shares Shorted

2.87% of the float of Conagra Brands has been sold short.

Short Interest Ratio / Days to Cover

Conagra Brands has a short interest ratio ("days to cover") of 2.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Conagra Brands has recently increased by 3.42%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 2.9 / 5
• News Sentiment: 1.17

News Sentiment

Conagra Brands has a news sentiment score of 1.17. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.67 average news sentiment score of Consumer Staples companies.

News Coverage This Week

MarketBeat has tracked 14 news articles for Conagra Brands this week, compared to 10 articles on an average week.

Search Interest

Only 19 people have searched for CAG on MarketBeat in the last 30 days. This is a decrease of -27% compared to the previous 30 days.

MarketBeat Follows

Only 8 people have added Conagra Brands to their MarketBeat watchlist in the last 30 days. This is a decrease of -11% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Conagra Brands insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 0.51% of the stock of Conagra Brands is held by insiders.

Percentage Held by Institutions

83.75% of the stock of Conagra Brands is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

CAG Stock Analysis - Frequently Asked Questions

How have CAG shares performed this year?

Conagra Brands' stock was trading at $28.66 at the beginning of 2024. Since then, CAG shares have decreased by 4.3% and is now trading at $27.43.
View the best growth stocks for 2024 here.

How were Conagra Brands' earnings last quarter?

Conagra Brands, Inc. (NYSE:CAG) announced its earnings results on Wednesday, October, 2nd. The company reported $0.53 EPS for the quarter, missing the consensus estimate of $0.60 by $0.07. The firm's revenue for the quarter was down 3.8% on a year-over-year basis.
Read the conference call transcript.

Does Conagra Brands have any subsidiaries?

The following companies are subsidiaries of Conagra Brands: Pinnacle Foods, Sandwich Bros. of Wisconsin, Angie's Artisan Treats, Thanasi Foods, Frontera Foods, Blake's All Natural Foods, TaiMei Potato, and more.

Who are Conagra Brands' major shareholders?

Top institutional shareholders of Conagra Brands include State Street Corp (5.13%), Geode Capital Management LLC (2.41%), Pacer Advisors Inc. (2.23%) and Hotchkis & Wiley Capital Management LLC (1.32%). Insiders that own company stock include Richard H Lenny, Thomas M Mcgough, Colleen Batcheler, Charisse Brock, Darren Serrao, Emanuel Chirico, Robert G Wise and Carey Bartell.
View institutional ownership trends.

How do I buy shares of Conagra Brands?

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.
Compare Top Brokerages Here.

What other stocks do shareholders of Conagra Brands own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Conagra Brands investors own include NVIDIA (NVDA), Chevron (CVX), Walt Disney (DIS), Meta Platforms (META), Advanced Micro Devices (AMD), JPMorgan Chase & Co. (JPM) and AT&T (T).

Company Calendar

• Ex-Dividend for 8/29 Dividend: 8/01/2024
• Dividend Payable: 8/29/2024
• Last Earnings: 10/02/2024
• Ex-Dividend for 11/27 Dividend: 10/31/2024
• Today: 11/23/2024
• Dividend Payable: 11/27/2024
• Next Earnings (Estimated): 1/02/2025
• Fiscal Year End: 5/31/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Consumer Staples
• Industry: Food & kindred products
• Sub-Industry: Packaged Foods & Meats
• Current Symbol: NYSE:CAG
• CUSIP: 20588710
• CIK: 23217
• Web: www.conagrabrands.com
• Phone: (312) 549-5000
• Fax: 402-595-4709
• Employees: 18,500
• Year Founded: 1919

Price Target and Rating

• Average Stock Price Target: $31.63
• High Stock Price Target: $36.00
• Low Stock Price Target: $29.00
• Potential Upside/Downside: +15.3%
• Consensus Rating: Hold
• Rating Score (0-4): 2.44
• Research Coverage: 9 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $1.03
• Trailing P/E Ratio: 26.63
• Forward P/E Ratio: 10.59
• P/E Growth: 2.73
• Net Income: $347.20 million
• Net Margins: 4.14%
• Pretax Margin: 4.35%
• Return on Equity: 13.71%
• Return on Assets: 5.65%

Debt

• Debt-to-Equity Ratio: 0.86
• Current Ratio: 0.94
• Quick Ratio: 0.33

Sales & Book Value

• Annual Sales: $12.05 billion
• Price / Sales: 1.09
• Cash Flow: $3.64 per share
• Price / Cash Flow: 7.53
• Book Value: $17.80 per share
• Price / Book: 1.54

Miscellaneous

• Outstanding Shares: 477,270,000
• Free Float: 474,839,000
• Market Cap: $13.09 billion
• Optionable: Optionable
• Beta: 0.34