Conagra Brands (CAG) Given Daily Media Sentiment Rating of 0.19

News articles about Conagra Brands (NYSE:CAG) have trended somewhat positive on Monday, according to Accern. The research group identifies negative and positive press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Conagra Brands earned a news sentiment score of 0.19 on Accern’s scale. Accern also gave news coverage about the company an impact score of 46.6871710987283 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

Conagra Brands (CAG) traded down $0.05 during trading hours on Monday, reaching $36.71. 1,934,894 shares of the company’s stock were exchanged, compared to its average volume of 2,968,867. 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 has a fifty-two week low of $32.16 and a fifty-two week high of $41.68. The company has a market cap of $14,710.00, a P/E ratio of 21.85, a PEG ratio of 2.78 and a beta of 0.37.

Conagra Brands (NYSE:CAG) last issued its quarterly earnings results on Thursday, December 21st. The company reported $0.55 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.03. The business had revenue of $2.17 billion for the quarter, compared to analysts’ expectations of $2.07 billion. Conagra Brands had a net margin of 9.04% and a return on equity of 19.58%. The company’s revenue was up 4.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.49 EPS. equities analysts predict that Conagra Brands will post 1.89 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Tuesday, January 30th will be paid a dividend of $0.213 per share. 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 currently 50.60%.

A number of equities research analysts have commented on CAG shares. Credit Suisse Group set a $40.00 target price on shares of Conagra Brands and gave the stock a “hold” rating in a research report on Monday, December 25th. Stifel Nicolaus raised shares of Conagra Brands from a “hold” rating to a “buy” rating and lifted their target price for the stock from $36.00 to $38.00 in a research report on Sunday, October 29th. They noted that the move was a valuation call. UBS Group raised shares of Conagra Brands from a “sell” rating to a “neutral” rating and lifted their target price for the stock from $33.00 to $37.00 in a research report on Tuesday, December 12th. Zacks Investment Research raised shares of Conagra Brands from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a research report on Wednesday, November 22nd. Finally, Sanford C. Bernstein raised shares of Conagra Brands from an “underperform” rating to a “market perform” rating in a research report on Thursday, December 14th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $40.95.

In other news, EVP Colleen Batcheler sold 120,451 shares of Conagra Brands stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $37.50, for a total transaction of $4,516,912.50. Following the transaction, the executive vice president now owns 211,514 shares in the company, valued at approximately $7,931,775. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Joie A. Gregor sold 5,250 shares of Conagra Brands stock in a transaction on Friday, December 28th. The stock was sold at an average price of $38.04, for a total transaction of $199,710.00. The disclosure for this sale can be found here. Insiders have sold a total of 154,121 shares of company stock worth $5,793,780 in the last quarter. Corporate 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.

Insider Buying and Selling by Quarter for Conagra Brands (NYSE:CAG)

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