CAG - Conagra Brands, Inc.

NYSE - Nasdaq Real Time Price. Currency in USD
35.58
-0.09 (-0.25%)
As of 12:51PM EDT. Market open.
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  • Short Term
    2W - 6W
  • Mid Term
    6W - 9M
  • Long Term
    9M+
Previous Close35.67
Open35.90
Bid35.48 x 800
Ask35.49 x 800
Day's Range35.48 - 36.05
52 Week Range22.83 - 36.05
Volume1,378,836
Avg. Volume3,706,946
Market Cap17.33B
Beta (5Y Monthly)0.78
PE Ratio (TTM)20.69
EPS (TTM)1.72
Earnings DateSep 24, 2020 - Sep 28, 2020
Forward Dividend & Yield0.85 (2.38%)
Ex-Dividend DateApr 29, 2020
1y Target Est37.43
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
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  • Thomson Reuters StreetEvents

    Edited Transcript of CAG earnings conference call or presentation 30-Jun-20 1:30pm GMT

    Q4 2020 Conagra Brands Inc Earnings Call

  • What Big Food Can Learn From Its Covid Bonanza
    Bloomberg

    What Big Food Can Learn From Its Covid Bonanza

    (Bloomberg Opinion) -- You probably need only look inside your own pantry to have some idea of what a blockbuster spring it has been for the packaged food industry. General Mills Inc. reported Wednesday that organic sales, a measure that excludes currency fluctuations and other factors, shot up 16% in the quarter from a year earlier as people loaded up on Gold Medal flour, Cheerios, and Pillsbury rolls to ride out the pandemic. A day earlier, Conagra Brands Inc., corporate parent of labels such as Duncan Hines and Marie Callender’s, reported similarly robust growth, with quarterly organic sales rising 22% percent from a year earlier.My colleague Tara Lachapelle has written that this sector shouldn’t get too comfortable with these kinds of results, and she’s right. The panic-buying at the beginning of the U.S. Covid-19 outbreak was a one-off spasm of spending that won’t be repeated, and the long-term shift toward healthy eating and fresh ingredients isn’t going away. But the pandemic is bound to change our eating habits in some ways that stick. Many Americans will be keeping their new routines for months to come if their workplaces don’t reopen and kids don’t return to in-person schooling. That provides ample opportunity to reinforce habits that could outlast stay-at-home guidelines. The latest earnings results from Conagra and General Mills offer some clues as to where the industry may be able to build durable sales growth. General Mills saw an especially strong sales increase, 75% percent from a year earlier, in its U.S. meals and baking category. I’m not optimistic it can hang on to much of the growth in its Progresso Soup business, given that canned soup has generally proved an extremely tough sell to younger shoppers. But the company has products in this portfolio that aren’t necessarily out-of-sync with pre-pandemic eating values and make even more sense for families now that more meals are happening at home. For example, a shelf-stable Old El Paso taco dinner kit helps make a quick dinner that includes fresh beef and produce. With some marketing around that message, there’s no reason this product couldn’t become a go-to in many more homes. General Mills also reported that sales of Gold Medal flour, Pillsbury refrigerated baking items and Betty Crocker desserts were especially robust in the quarter – no surprise given the surge of interest in baking. There’s a chance General Mills could keep some of these newbie bakers engaged by pummeling them with recipe ideas on Pinterest and reminding them in commercials that baking is a way to spend time with their kids that doesn’t involve staring at a screen. Conagra, meanwhile, said Tuesday that retail sales of frozen vegetables, which includes its Birds Eye brand, surged 26.5% from a year earlier in the quarter. The company said the demand for such products outpaced supply in the quarter, which led it to seek out external manufacturing partners to ramp up production. This is a smart area of investment. Frozen veggies very much fit with a healthy eating ethos, so Conagra should be able to retain a piece of the recent sales growth it notched from new and lapsed customers.Packaged-food companies still face deep challenges in returning to relevance, but they should not resign themselves to thinking the pandemic is simply a temporary boon to their business. It is a time when longstanding eating habits are breaking and new ones are forming. They have only themselves to blame if they don’t leverage this moment to claim more permanent space in America’s cupboards and refrigerators.This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Sarah Halzack is a Bloomberg Opinion columnist covering the consumer and retail industries. She was previously a national retail reporter for the Washington Post.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Facebook Boycott Adds to an Already Bleak Year for Advertising
    Bloomberg

    Facebook Boycott Adds to an Already Bleak Year for Advertising

    (Bloomberg) -- Long before an uproar over online hate speech prompted hundreds of marketers to cut summer social media budgets, 2020 was turning out to be a dismal year for the global advertising industry.Total ad spending will fall 12% this year, compared with a 6.2% gain in 2019, according to GroupM, a division of advertising giant WPP Plc. That’s the biggest contraction in at least a decade. As the global pandemic spread around the world and consumer spending slowed to a trickle, many corporations targeted marketing as a fast, early way to cut costs.One ad agency executive said third-quarter buying would be down 20% to 30%. New deals were being struck with “force majeure” clauses that would allow advertisers to pull out if a second wave of the virus caused new shutdowns, said the executive, who requested anonymity discussing internal financial figures. In the U.S., hopes that the virus would slow by summer are fading as states that had begun opening up move to shut down again because of a jump in cases.Against this backdrop, advertisers are making another shift. Big companies around the world have said they’ll pause spending on social media, several of them singling out Facebook Inc., because they don’t want marketing messages appearing alongside the vitriol and disinformation. Many are heeding the call from a consortium of civil rights and other advocacy groups, including Color of Change and the Anti-Defamation League, to stop spending on Facebook for July to protest the company’s failure to police harmful content.The pause creates a way for many companies to take a public stance against hate while at the same time providing a concrete reason to trim marketing budgets or, in some cases, experiment with alternatives to traditional social media, such as Amazon.com Inc. or ByteDance’s TikTok. “While many brands were planning on pulling back ad spend anyways, a portion of Facebook-allocated dollars may end up on Snapchat, Pinterest, Amazon, Walmart, etc.,” Mark Shmulik, an analyst at Sanford C. Bernstein, wrote in a recent research note.Ad budgets are an indicator of corporate sentiment toward the world economy. Confidence and growth leads to bigger budgets and higher ad prices. Ad spending cratered in March and April as businesses shut and people stayed home to comply with lockdown orders.In interviews earlier in the year, ad execs were mostly hopeful that the pain would end once quarantines lifted and the economy rebounded. But behind the scenes, the picture was more bleak. Ad agencies, which choose how and when to spend the money companies entrust to them, have cut thousands of jobs. Ad executives who had spent money on spots meant to run during now-canceled sports events tried to recoup the money and find new outlets for it, according to people interviewed by Bloomberg who asked not to be identified discussing private negotiations.Despite the larger advertising pullback, a pause for social media platforms like Facebook, Twitter Inc. and YouTube creates an opening for ad upstarts on the digital side. Packaged foods company Conagra Brands Inc. pulled Facebook advertisements, redirecting the money to search and e-commerce ads, a category most likely to benefit online rivals Google and Amazon.Ben & Jerry’s, a division of Unilever, was one of the early brands to join the StopHateForProfit campaign. “The marketing dollars that would have been spent on Facebook will be spent on other channels, including possibly some Black-owned media outlets,” said Chris Miller, the activism manager at Ben & Jerry’s.Even if the boycotts gain momentum and persist for more than a month, Google and Facebook are still likely to benefit in the long-term from the disruption wrought by the pandemic. That’s because these companies offer advertisers the most flexible and direct way to reach consumers; spending can be paused or ramped up on a moment’s notice. The tech giants also benefit from the millions of small businesses that rely heavily on them for day-to-day business and don’t necessarily need to take a public stand on moral issues. “They may grab an even greater market share post COVID-19 than the strong gains we are currently projecting,” Michael Nathanson, an analyst at MoffettNathanson LLC, said of Facebook and Google.The more traditional parts of the ad ecosystem, which still account for around half of advertising spending, are in a riskier position.For the TV industry, the advertising outlook for the rest of 2020 will depend on two still-unanswered questions. One is how much the pandemic-driven recession will accelerate cable-TV cord-cutting. With unemployment high, more people are expected to cancel their TV subscriptions as they tighten their household budgets. That would hurt viewership and the advertising dollars that go with it. The bigger audiences as a result of people being confined to their homes has already started to fall for just about all programming except news as more people venture outdoors again.The other big question is the return of sports. As long as professional and college football starts up again this fall, media companies like Fox Corp., Comcast Corp., Walt Disney Co. and ViacomCBS will likely see a rebound in advertising revenue, analysts say. Brands spent over $4 billion on TV commercials during NFL games last year.Still, some big TV advertisers could be less willing to jump back this year at all. Carmakers like General Motors and Ford, for instance, have been among the top buyers of TV commercials. The global pandemic has disrupted their supply chains and raised doubts about consumers making big purchases like cars.Media companies and TV networks are now under pressure to make their contracts more flexible. TV networks typically prevent advertisers from pulling all of their money out on short notice. That frustrated many advertisers this spring when the pandemic first kicked off the recession. Now, advertisers are pushing for the right to pull more of their money out of a TV network with fewer days notice in case the coronavirus worsens the economic picture. They will, however, likely pay a higher price for that flexibility, according to one TV executive.That could send them back to the digital platforms, regardless of all the commitments to boycott Facebook.“Brands can stop TV ads but they can’t stop things being on social,” said Arron Shepherd, co-founder of global social media and influencer marketing agency Goat.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Conagra Brands Could Yield Tasty Returns on the Long Side
    TheStreet.com

    Conagra Brands Could Yield Tasty Returns on the Long Side

    The shares of the maker of Chef Boyardee and Birds Eye products look as though they could warm up after trading sideways in recent weeks.

  • Conagra Brands Hits Two-Month High After Upbeat Outlook
    FX Empire

    Conagra Brands Hits Two-Month High After Upbeat Outlook

    Conagra shares hit a two-month high Tuesday after the packaged-food giant delivered better-than-expected earnings and an upbeat forecast.

  • Barrons.com

    Conagra Stock Climbs on Strong Forecast as Sales Jump

    The packaged-food maker’s upbeat forecast and strong fiscal fourth-quarter earnings report helped the stock.

  • Conagra Brands, Inc. (CAG) Q4 2020 Earnings Call Transcript
    Motley Fool

    Conagra Brands, Inc. (CAG) Q4 2020 Earnings Call Transcript

    Finally, we will be making some references to total Conagra Brands as well as Legacy Conagra Brands. References to Legacy Conagra Brands refer to measures that exclude any income or expenses associated with the acquired Pinnacle Foods business.

  • Coronavirus update: Pandemic is ‘not even close to being over,’ says WHO head, urging better testing — and face masks
    MarketWatch

    Coronavirus update: Pandemic is ‘not even close to being over,’ says WHO head, urging better testing — and face masks

    The coronavirus pandemic is “not even close to being over,” according to the head of the World Health Organization, and the worst is still to come, in what was a grim assessment of the state of affairs some six months after the first cases were reported in China.

  • Purple Carrot Launches New Single Serve, Frozen Meals in Retail
    PR Newswire

    Purple Carrot Launches New Single Serve, Frozen Meals in Retail

    Purple Carrot, known for its e-commerce subscription plant-based meal kit, announced their new 100% plant-based, single serve meals are now available in the frozen aisle at most Whole Foods Market stores across the country. Purple Carrot created these meals with the same flavor profiles and nutritional philosophies that are core to its meal kit offering.

  • Macy's reports Q1 loss as COVID-19 impact slashes sales
    Yahoo Finance Video

    Macy's reports Q1 loss as COVID-19 impact slashes sales

    Macy's announced a $630 million loss in its first quarter earnings report. Yahoo Finance’s Brian Sozzi shares the details.

  • Conagra Brands Partners with Marine Stewardship Council to Promote Certified Sustainable Seafood
    PR Newswire

    Conagra Brands Partners with Marine Stewardship Council to Promote Certified Sustainable Seafood

    Conagra Brands today announced its partnership with the internationally recognized Marine Stewardship Council (MSC) to bring more sustainably sourced fish options to American consumers and drive awareness of the importance of protecting marine ecosystems. The MSC, a global nonprofit recognized as the world's leading certification and ecolabeling program for sustainable, wild-caught seafood, is encouraging consumers to switch to seafood certified to its rigorous 'blue fish' standard with its new 'Little Blue Label, Big Blue Future' global campaign, or bigbluefuture on social media. Beginning in summer 2020, Conagra Brands' Van de Kamp's and Mrs. Paul's frozen fish fillets and fish sticks will bear the MSC blue fish label, indicating the wild-caught fish has been third-party certified for sustainable fishing practices that help to protect marine habitats and maintain healthy fish population levels.

  • GuruFocus.com

    Conagra Brands Posts 4th-Quarter Earnings Beat

    Strength in the company’s retail segment offset the underperforming foodservice segment Continue reading...

  • GuruFocus.com

    Tuesday Morning Market Highlights

    Micron gains on earnings beat Continue reading...

  • T. Rowe Price Releases Reference Point Report Featuring Latest Trends In 401(k) Participant Behavior And Plan Design
    PR Newswire

    T. Rowe Price Releases Reference Point Report Featuring Latest Trends In 401(k) Participant Behavior And Plan Design

    T. Rowe Price Retirement Plan Services, Inc. released today Reference Point, its annual benchmarking report featuring data and analysis related to 401(k) participant behavior and plan design, based on the firm's full-service recordkeeping client data for 2019.

  • TheStreet.com

    Conagra Brands Shares Gain After Stronger-Than-Expected Earnings

    Conagra said it was "optimistic about the long-term implications of recent consumer behavior shifts', but would only provide Q1 profit guidance "given COVID-19 uncertainties."

  • Investing.com

    ConAgra Foods Earnings, Revenue Beat in Q4

    Investing.com - ConAgra Foods (NYSE:CAG) reported on Tuesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.

  • Conagra (CAG) Q4 Earnings & Sales Top Estimates, Rise Y/Y
    Zacks

    Conagra (CAG) Q4 Earnings & Sales Top Estimates, Rise Y/Y

    Conagra's (CAG) fourth-quarter fiscal 2020 results reflect gains from increased at-home consumption amid the pandemic. This boosted the company's retail business.

  • Economic Data Deluge
    Zacks

    Economic Data Deluge

    Economic Data Deluge

  • Conagra Brands Forecast 13% jump in Q1 Organic Sales; Shares Jump 6%
    FX Empire

    Conagra Brands Forecast 13% jump in Q1 Organic Sales; Shares Jump 6%

    Conagra Brands Inc forecast more than 10% rise in organic net sales this quarter after the company beat Q4 revenue projections on solid demand for frozen foods and snacks amid coronavirus-led lockdowns.

  • Benzinga

    Conagra Brands: Q4 Earnings Insights

    Shares of Conagra Brands (NYSE:CAG) moved higher by 3% in pre-market trading after the company reported Q4 results.Quarterly Results Earnings per share were up 108.33% year over year to $0.75, which beat the estimate of $0.66.Revenue of $3,288,000,000 up by 25.83% from the same period last year, which beat the estimate of $3,110,000,000.Guidance Conagra Brands sees Q1 earnings of 54 cents to 59 cents per share .Conference Call Details Date: Jun 30, 2020Time: 09:30 AMView more earnings on CAGET Webcast URL: https://78449.choruscall.com/dataconf/productusers/cag/mediaframe/38225/indexr.htmlTechnicals Company's 52-week high was at $35.5952-week low: $22.83Price action over last quarter: Up 16.97%Company Description Conagra Brands is a packaged food company that operates predominantly in the United States (92% of revenue and 94% of profits). It has a significant presence in the freezer aisle, with brands such as Marie Callender's, Healthy Choice, Banquet, and Birds Eye. Popular center-of-store brands include Duncan Hines, Hunt's, Slim Jim, Vlasic, Orville Redenbacher's, and Chef Boyardee. While the majority of revenue is sold into the U.S. retail channel, 11% of sales are to the food-service channel.See more from Benzinga * A Look Into Conagra Brands' Price Over Earnings * Benzinga's Top Upgrades, Downgrades For June 22, 2020(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • MarketWatch

    Conagra Brands shares jump 6% premarket after earnings blow past estimates

    Conagra Brands Inc. shares rose 6% in premarket trade Tuesday, after the owner of food brands, including Birds Eye and Healthy Choice, topped earnings estimates for its fiscal fourth quarter thanks to strong demand for at-home dining during the pandemic. Chicago-based Conagra posted net income of $201.4 million, or 41 cents a share, in the quarter to May 31, up from $126.5 million, or 26 cents a share, in the year-earlier period. Adjusted per-share earnings came to 75 cents, ahead of the 66 cents FactSet consensus. Sales rose to $3.289 billion from $2.613 billion, also ahead of the FactSet consensus of $3.153 billion. "Our business clearly benefited from increased at-home eating in the fourth quarter, as the elevated retail demand outweighed the reduced foodservice demand," Chief Executive Sean Connolly said in a statement. "In retail, many consumers tried our modernized products for the first time and then returned for more. While we are optimistic about the long-term implications of recent consumer behavior shifts, given COVID-19 uncertainties, we are only providing guidance for the first quarter of fiscal 2021. We intend to provide an update on our fiscal 2021 outlook next quarter." The company is expecting first-quarter adjusted EPS of 54 cents to 59 cents, compared with a FactSet consensus of 54 cents. Shares have fallen 1.6% in the year through Monday, while the S&P 500 has fallen 6%.

  • ACCESSWIRE

    Conagra Brands, Inc. to Host Earnings Call

    NEW YORK, NY / ACCESSWIRE / June 30, 2020 / Conagra Brands, Inc. (NYSE:CAG) will be discussing their earnings results in their 2020 Fourth Quarter Earnings call to be held on June 30, 2020 at 9:30 AM Eastern ...

  • Swiss Miss partners with Lucky Charms on new hot cocoa innovation
    PR Newswire

    Swiss Miss partners with Lucky Charms on new hot cocoa innovation

    America's favorite hot cocoa brand,1 Swiss Miss, is partnering with Lucky Charms on Magically Delicious Hot Cocoa. This new hot cocoa includes all the iconic Lucky Charms marshmallows including hearts, stars, horseshoes, clovers and blue moons, unicorns, rainbows, and tasty red balloons.