Headlines about Conagra Brands (NYSE:CAG) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Conagra Brands earned a media sentiment score of 0.22 on Accern’s scale. Accern also assigned headlines about the company an impact score of 46.8773302934675 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Shares of Conagra Brands (CAG) traded down $0.05 on Friday, hitting $36.71. The stock had a trading volume of 1,930,000 shares, compared to its average volume of 3,480,000. The company has a quick ratio of 0.54, a current ratio of 1.11 and a debt-to-equity ratio of 0.86. The stock has a market cap of $14,710.00, a PE ratio of 21.85, a PEG ratio of 2.78 and a beta of 0.37. Conagra Brands has a fifty-two week low of $32.16 and a fifty-two week high of $41.68.
Conagra Brands (NYSE:CAG) last announced its quarterly earnings data on Thursday, December 21st. The company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.03. The business had revenue of $2.17 billion during the quarter, compared to analysts’ expectations of $2.07 billion. Conagra Brands had a return on equity of 19.58% and a net margin of 9.04%. The business’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.49 EPS. research analysts forecast that Conagra Brands will post 1.89 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Tuesday, January 30th will be paid a $0.213 dividend. This represents a $0.85 annualized dividend and a dividend yield of 2.32%. The ex-dividend date is Monday, January 29th. This is a boost from Conagra Brands’s previous quarterly dividend of $0.21. Conagra Brands’s dividend payout ratio (DPR) is presently 50.60%.
CAG has been the subject of a number of recent research reports. Royal Bank of Canada reaffirmed a “buy” rating and issued a $45.00 target price on shares of Conagra Brands in a research note on Friday, September 29th. Stifel Nicolaus raised their price objective on Conagra Brands from $38.00 to $42.00 and gave the stock a “buy” rating in a research report on Friday, December 22nd. Zacks Investment Research raised Conagra Brands from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a research report on Wednesday, November 22nd. Jefferies Group reissued a “buy” rating and set a $40.00 price objective on shares of Conagra Brands in a research report on Tuesday, October 3rd. Finally, Credit Suisse Group set a $40.00 price objective on Conagra Brands and gave the stock a “hold” rating in a research report on Monday, December 25th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company. Conagra Brands currently has a consensus rating of “Buy” and a consensus target price of $40.95.
In related news, EVP Colleen Batcheler sold 120,451 shares of the business’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $37.50, for a total transaction of $4,516,912.50. Following the completion of the sale, the executive vice president now owns 211,514 shares in the company, valued at $7,931,775. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Joie A. Gregor sold 5,250 shares of the business’s stock in a transaction that occurred on Thursday, December 28th. The stock was sold at an average price of $38.04, for a total value of $199,710.00. The disclosure for this sale can be found here. Insiders sold a total of 154,121 shares of company stock valued at $5,793,780 in the last quarter. Company insiders own 0.79% of the company’s stock.
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About Conagra Brands
Conagra Brands, Inc, formerly ConAgra Foods, Inc, operates as a packaged food company. The Company operates through two segments: Consumer Foods and Commercial Foods. The Company sells branded and customized food products, as well as commercially branded foods. It also supplies vegetable, spice and grain products to a range of restaurants, foodservice operators and commercial customers.
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