Conagra Brands (CAG) Set to Announce Quarterly Earnings on Thursday

Conagra Brands (NYSE:CAG) is scheduled to be issuing its quarterly earnings data before the market opens on Thursday, July 11th. Analysts expect the company to announce earnings of $0.57 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Conagra Brands Trading Up 1.2 %

Shares of CAG stock opened at $28.74 on Wednesday. The stock has a market capitalization of $13.74 billion, a PE ratio of 14.44, a P/E/G ratio of 2.74 and a beta of 0.32. Conagra Brands has a 1-year low of $25.16 and a 1-year high of $33.60. The business has a 50-day moving average of $29.59 and a 200 day moving average of $29.22. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.95 and a quick ratio of 0.33.

Conagra Brands Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Tuesday, April 30th were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 4.87%. The ex-dividend date of this dividend was Monday, April 29th. Conagra Brands’s payout ratio is 70.35%.

Insider Buying and Selling

In related news, EVP Charisse Brock sold 15,444 shares of the company’s stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $30.37, for a total value of $469,034.28. Following the sale, the executive vice president now owns 113,254 shares in the company, valued at approximately $3,439,523.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.88% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts have commented on the company. Stifel Nicolaus upped their price target on Conagra Brands from $29.00 to $32.00 and gave the company a “hold” rating in a research report on Friday, April 5th. Wells Fargo & Company upped their price target on Conagra Brands from $30.00 to $32.00 and gave the company an “equal weight” rating in a research report on Friday, April 5th. Citigroup lowered their price target on Conagra Brands from $32.00 to $30.00 and set a “neutral” rating for the company in a research report on Friday, June 28th. Finally, Barclays upped their price target on Conagra Brands from $31.00 to $34.00 and gave the company an “overweight” rating in a research report on Monday, April 8th. Ten investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $33.00.

Conagra Brands Company Profile

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.