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NYSE:CAG

Conagra Brands (CAG) Stock Price, News & Analysis

$30.31
+0.59 (+1.99%)
(As of 10/17/2024 ET)

About Conagra Brands Stock (NYSE:CAG)

Key Stats

Today's Range
$29.77
$30.47
50-Day Range
$29.09
$32.83
52-Week Range
$26.62
$33.24
Volume
6.68 million shs
Average Volume
4.77 million shs
Market Capitalization
$14.49 billion
P/E Ratio
29.43
Dividend Yield
4.62%
Price Target
$31.63
Consensus Rating
Hold

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.

Conagra Brands Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
89th Percentile Overall Score

CAG MarketRank™: 

Conagra Brands scored higher than 89% of companies evaluated by MarketBeat, and ranked 27th out of 137 stocks in the consumer staples sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • 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 been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Conagra Brands' stock forecast and price target.
  • Earnings Growth

    Earnings for Conagra Brands are expected to grow by 4.25% in the coming year, from $2.59 to $2.70 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Conagra Brands is 29.43, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 132.82.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Conagra Brands is 29.43, which means that it is trading at a more expensive P/E ratio than the Consumer Staples sector average P/E ratio of about 22.79.

  • Price to Earnings Growth Ratio

    Conagra Brands has a PEG Ratio of 3.01. 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 1.66. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Read more about Conagra Brands' valuation and earnings.
  • Percentage of Shares Shorted

    3.77% 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 3.6, 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 5.17%, indicating that investor sentiment is decreasing significantly.
  • Dividend Leadership

    Conagra Brands is a leading dividend payer. It pays a dividend yield of 4.77%, 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 191.78%. 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 51.85% next year. This indicates that Conagra Brands will be able to sustain or increase its dividend.

  • Read more about Conagra Brands' dividend.
  • Percentage of Shares Shorted

    3.77% 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 3.6, 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 5.17%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    Conagra Brands has a news sentiment score of 0.84. 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 0.64 average news sentiment score of Consumer Staples companies.
  • News Coverage This Week

    MarketBeat has tracked 12 news articles for Conagra Brands this week, compared to 10 articles on an average week.
  • Search Interest

    23 people have searched for CAG on MarketBeat in the last 30 days. This is an increase of 15% compared to the previous 30 days.
  • MarketBeat Follows

    12 people have added Conagra Brands to their MarketBeat watchlist in the last 30 days. This is an increase of 140% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Conagra Brands insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,211,600.00 in company stock.

  • Percentage Held by Insiders

    Only 0.88% 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.

  • Read more about Conagra Brands' insider trading history.
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CAG Stock News Headlines

Los Angeles, California - July 21, 2024: Different boxes of Popcorn on a shelf in a supermarket — Stock Editorial Photography
Conagra's EPS Miss Opens the Door for a Buy-the-Dip Opportunity
Conagra missed its top and bottom line analyst estimates for its fiscal first quarter of 2025, citing production disruptions among several other factors.
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Wells Fargo Reaffirms Their Hold Rating on Conagra Brands (CAG)
See More Headlines

CAG Stock Analysis - Frequently Asked Questions

Conagra Brands' stock was trading at $28.66 at the beginning of the year. Since then, CAG stock has increased by 5.8% and is now trading at $30.31.
View the best growth stocks for 2024 here
.

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

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.

Top institutional investors of Conagra Brands include UMB Bank n.a. (0.19%), Swedbank AB (0.14%), Meyer Handelman Co. (0.11%) and Brookstone Capital Management (0.07%). 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
.

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.

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
Today
10/17/2024
Ex-Dividend for 11/27 Dividend
10/31/2024
Dividend Payable
11/27/2024
Next Earnings (Estimated)
1/02/2025
Fiscal Year End
5/31/2025

Industry, Sector and Symbol

Industry
Food & kindred products
Sub-Industry
Packaged Foods & Meats
CUSIP
20588710
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
+4.3%
Consensus Rating
Hold
Rating Score (0-4)
2.44
Research Coverage
9 Analysts

Profitability

Net Income
$347.20 million
Pretax Margin
4.35%

Debt

Sales & Book Value

Annual Sales
$11.94 billion
Cash Flow
$3.63 per share
Book Value
$18.22 per share

Miscellaneous

Free Float
474,839,000
Market Cap
$14.49 billion
Optionable
Optionable
Beta
0.32

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This page (NYSE:CAG) was last updated on 10/18/2024 by MarketBeat.com Staff
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