|Bid||29.10 x 2900|
|Ask||29.61 x 800|
|Day's Range||29.36 - 30.11|
|52 Week Range||22.15 - 35.59|
|Beta (5Y Monthly)||0.84|
|PE Ratio (TTM)||17.83|
|Earnings Date||Mar 18, 2020 - Mar 22, 2020|
|Forward Dividend & Yield||0.85 (2.84%)|
|Ex-Dividend Date||Jan 29, 2020|
|1y Target Est||34.81|
Conagra Brands, Inc. (NYSE: CAG) today announced it has published its 2019 Citizenship Update Report (available online here), which provides a look at Conagra's recent progress against key social and environmental initiatives. The Report focuses on actions that support each of the 17 United Nations Sustainable Development Goals, which are designed to achieve a better and more sustainable future by addressing poverty, inequality, climate change, water scarcity and other global challenges. Because Conagra Brands acquired Pinnacle Foods in fiscal 2019 and is still integrating opportunities from the combined portfolio into our Corporate Social Responsibility program, the 2019 Report is a high-level overview on recent progress. Please see our full, GRI-compliant citizenship report, released in May 2019, for additional details on environmental, social and governance management practices across all our CSR pillars.
Bragar Eagel & Squire, P.C., a nationally recognized shareholder law firm, is investigating certain officers and directors of PolarityTE, Inc. (PTE), comScore, Inc. (SCOR), AMC Entertainment Holdings, Inc. (AMC), and Conagra Brands, Inc. (CAG) on behalf of long-term stockholders. Bragar Eagel & Squire is investigating certain officers and directors of PolarityTE, Inc. following a class action complaint that was filed against PolarityTE on June 26, 2018.
Conagra Brands cut financial guidance Monday, sending its stock down more than 5% in Tuesday trading. Management cited softness in the food service business. That could signal choppy upcoming earnings reports from restaurant operators.
U.S. stocks dropped on Tuesday after a surprise sales warning from tech bellwether Apple highlighted the impact of the coronavirus outbreak on global supply chains. The news also sent Apple suppliers, including Qualcomm Inc , Broadcom Inc, Qorvo Inc and Skyworks Solutions Inc, lower by 1.8% to 2.3%.
Conagra Brands Inc. stock sank 7.7% in Tuesday trading after the food company announced a downward revision to its fiscal 2020 guidance. Conagra now expects organic net sales growth to be flat to up 0.5% and adjusted earnings per share to be $2.00 to $2.07. Previous guidance was for 1% to 1.5% sales growth and adjusted EPS of $2.07 to $2.17. The FactSet consensus is for sales of $10.66 billion, implying a 2.4% increase, and EPS of $2.08. "Consumption softness in the quarter first emerged in the foodservice industry, with holiday restaurant traffic weaker than last year," said Chief Executive Sean Connolly in a statement. "Softness pivoted to retail in January and impacted numerous categories across food, including several in which we compete." Conagra presented at the Consumer Analyst Group of New York Conference on Tuesday, and is scheduled to report fiscal third-quarter earnings on March 19. Conagra Brands portfolio includes Healthy Choice, Birds Eye, Slim Jim and Vlasic. Conagra stock has gained 23.2% over the last 12 months while the S&P 500 index is up 21% for the period.
Technology stocks dragged down Wall Street on Tuesday after a surprise sales warning from bellwether Apple fanned worries about the impact of the coronavirus outbreak on global supply chains. The world's most valuable technology firm said it was unlikely to meet its March-quarter sales guidance because of slower iPhone production and weaker demand in China, sending its shares down 2.5%.
Wall Street was set to open lower on Tuesday as a surprise sales warning from bellwether Apple fanned worries about the impact of the coronavirus outbreak on global supply chains. The world's most valuable technology firm said it was unlikely to meet its March-quarter sales guidance because of slower iPhone production and weaker demand in China, sending its shares down 2.3% in premarket trading. Apple's warning highlights issues that will eventually hurt a lot of companies with exposure to China, said Art Hogan, chief market strategist at National Securities in New York.
Conagra Brands (CAG) cuts fiscal 2020 view due to weaker-than-anticipated category performance in the third quarter. However, the company remains focused on achieving fiscal 2022 goals.
Conagra Brands, Inc. (NYSE: CAG) today announced that it is revising its fiscal 2020 outlook as a result of softer than expected category performance during the company's fiscal third quarter, which ends on February 23, 2020. Third quarter consumption declines have impacted a wide range of categories across the food industry, including categories in which Conagra Brands competes.
Conagra Brands, Inc. (NYSE: CAG) will present at the 2020 CAGNY (Consumer Analyst Group of New York) Conference on Tuesday, Feb. 18, at 9 a.m. ET.
Conagra Brands, Inc. (NYSE:CAG) is about to trade ex-dividend in the next 4 days. Ex-dividend means that investors...
Food and beverage giants such as Nestle (OTC: NSRGY) and Coca-Cola Co (NYSE: KO) along with tech behemoth Microsoft Corporation (NASDAQ: MSFT) already detailed ambitious projects. John R. Tyson serves as Tyson Foods, Inc.'s (NYSE: TSN) chief sustainability officer and is pushing the meat industry to tackle resource conservation and food waste, The Wall Street Journal reported.
Conagra (CAG) is undertaking solid efforts to boost the frozen and snacks businesses. Also, focus on portfolio refinement bodes well despite input cost inflation.
Yahoo Finance speaks exclusively with Wingstop CEO Charlie Morrison fresh off the company's first-ever investor day.
The Zacks Analyst Blog Highlights: Beyond Meat, UBS, Walmart, Restaurant Brands International and Conagra Brands
In U.S. stores, shoppers now have more options for plant-based "faux foods" as firms are gradually unveiling more products in the competitive supermarket aisle.
TreeHouse Foods (THS) and Post Holdings terminate their deal for the RTE cereal business. Also, TreeHouse Foods inks a deal to offload two of its in-store bakery facilities to Rich Products.
Insiders at food producers started the new year with share purchases. Conventional wisdom says that insiders and 10% owners really only buy shares of a company for one reason — they believe the stock price will rise and they want to profit. A director at Lamb Weston Holdings Inc (NYSE: LW) purchased 18,000 shares of this Idaho-based frozen potato products maker last week.