Conagra Brands (CAG) Earning Somewhat Favorable News Coverage, Analysis Shows
Press coverage about Conagra Brands (NYSE:CAG) has trended somewhat positive this week, Accern Sentiment Analysis reports. Accern identifies positive and negative press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Conagra Brands earned a media sentiment score of 0.19 on Accern’s scale. Accern also assigned news stories about the company an impact score of 47.1032998333418 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Conagra Poised on Robust Growth Drivers Amid Inflation Woes (zacks.com)
- Wired News – Conagra Acquires Milwaukee-Based Frozen Foods Company, Sandwich Bros. of Wisconsin (finance.yahoo.com)
- Why Conagra’s 2Q18 Margins Disappointed (finance.yahoo.com)
- Most Active Stock Movers: Conagra Brands, Inc. (CAG) – Wallstreet Investorplace (wallstreetinvestorplace.com)
- $2.00 Billion in Sales Expected for Conagra Brands Inc. (CAG) This Quarter (americanbankingnews.com)
Shares of Conagra Brands (NYSE:CAG) traded up $0.23 during midday trading on Tuesday, hitting $38.08. The stock had a trading volume of 2,880,900 shares, compared to its average volume of 3,499,758. Conagra Brands has a twelve month low of $32.16 and a twelve month high of $41.68. The stock has a market capitalization of $15,555.61, a price-to-earnings ratio of 22.80, a price-to-earnings-growth ratio of 2.92 and a beta of 0.37. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.54 and a current ratio of 1.11.
Conagra Brands (NYSE:CAG) last announced its quarterly earnings data on Thursday, December 21st. The company reported $0.55 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.03. The firm had revenue of $2.17 billion during the quarter, compared to analyst estimates of $2.07 billion. Conagra Brands had a return on equity of 19.58% and a net margin of 9.04%. Conagra Brands’s quarterly revenue was up 4.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.49 earnings per share. research analysts expect that Conagra Brands will post 1.86 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Tuesday, January 30th will be issued a $0.213 dividend. This is a positive change from Conagra Brands’s previous quarterly dividend of $0.21. This represents a $0.85 annualized dividend and a yield of 2.24%. The ex-dividend date of this dividend is Monday, January 29th. Conagra Brands’s payout ratio is currently 50.90%.
Several research firms have recently issued reports on CAG. Credit Suisse Group set a $40.00 price objective on Conagra Brands and gave the stock a “hold” rating in a report on Monday. Stifel Nicolaus raised their price objective on Conagra Brands from $38.00 to $42.00 and gave the stock a “buy” rating in a report on Friday. Sanford C. Bernstein upgraded Conagra Brands from an “underperform” rating to a “market perform” rating in a report on Thursday, December 14th. UBS Group upgraded Conagra Brands from a “sell” rating to a “neutral” rating and lifted their target price for the company from $33.00 to $37.00 in a report on Tuesday, December 12th. Finally, Zacks Investment Research upgraded Conagra Brands from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a report on Wednesday, November 22nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $40.95.
In other Conagra Brands news, EVP Colleen Batcheler sold 120,451 shares of Conagra Brands stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $37.50, for a total value of $4,516,912.50. Following the completion of the transaction, the executive vice president now directly owns 211,514 shares in the company, valued at $7,931,775. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.79% of the stock is owned by insiders.
Conagra Brands Company Profile
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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