Media headlines about Conagra Brands (NYSE:CAG) have trended somewhat positive this week, Accern reports. The research group identifies negative and positive media coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Conagra Brands earned a news impact score of 0.11 on Accern’s scale. Accern also gave news stories about the company an impact score of 46.7890732707687 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Global Frozen Ready Meal Market Business Strategies: The Unilever Group, Conagra Brands Inc, Kraft Foods Group Inc (newsofindustry.com)
- Stock to Buy on Yielding More Than 2%: Conagra Brands, Inc. (CAG) (nasdaqchronicle.com)
- Patience is Always Rewarding: United Technologies Corporation (UTX) and Conagra Brands, Inc. (CAG) (nmsunews.com)
- Should You Add Conagra (CAG) to Your Portfolio Right Now? (zacks.com)
- Conagra hires new executive to run snack brands (meatpoultry.com)
Several research firms have recently weighed in on CAG. Royal Bank of Canada reaffirmed a “buy” rating and set a $46.00 price objective on shares of Conagra Brands in a report on Friday, March 23rd. JPMorgan Chase dropped their price objective on shares of Conagra Brands from $44.00 to $41.00 and set an “overweight” rating for the company in a report on Friday, March 23rd. UBS raised their price objective on shares of Conagra Brands from $38.00 to $39.00 and gave the stock a “neutral” rating in a report on Friday, March 23rd. Jefferies Group reaffirmed a “buy” rating and set a $44.00 price objective on shares of Conagra Brands in a report on Thursday, March 22nd. Finally, Zacks Investment Research lowered shares of Conagra Brands from a “buy” rating to a “hold” rating in a report on Tuesday, February 27th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company. Conagra Brands presently has a consensus rating of “Hold” and an average price target of $41.67.
Shares of CAG traded down $0.30 during mid-day trading on Friday, hitting $37.42. 6,394,037 shares of the company traded hands, compared to its average volume of 2,882,205. Conagra Brands has a one year low of $32.16 and a one year high of $40.24. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.03 and a quick ratio of 0.52. The stock has a market capitalization of $14.99 billion, a P/E ratio of 21.51, a price-to-earnings-growth ratio of 2.28 and a beta of 0.28.
Conagra Brands (NYSE:CAG) last released its quarterly earnings results on Thursday, March 22nd. The company reported $0.61 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.05. Conagra Brands had a net margin of 11.36% and a return on equity of 21.08%. The business had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $2 billion. During the same period in the prior year, the firm earned $0.48 earnings per share. Conagra Brands’s revenue was up .7% compared to the same quarter last year. analysts anticipate that Conagra Brands will post 2.05 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, May 31st. Stockholders of record on Monday, April 30th will be paid a dividend of $0.2125 per share. The ex-dividend date of this dividend is Friday, April 27th. This represents a $0.85 annualized dividend and a dividend yield of 2.27%. Conagra Brands’s dividend payout ratio (DPR) is currently 48.85%.
In other news, Director Ruth Ann Marshall sold 6,046 shares of the stock in a transaction that occurred on Monday, March 26th. The shares were sold at an average price of $35.86, for a total transaction of $216,809.56. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Stephen G. Butler sold 12,092 shares of the stock in a transaction that occurred on Friday, April 6th. The shares were sold at an average price of $37.18, for a total transaction of $449,580.56. Following the sale, the director now directly owns 127,755 shares in the company, valued at $4,749,930.90. The disclosure for this sale can be found here. Insiders have sold 24,046 shares of company stock worth $885,695 over the last three months. 0.79% of the stock is owned by insiders.
Conagra Brands Company Profile
Conagra Brands, Inc, together with its subsidiaries, operates as a food company in North America. The company operates through Grocery & Snacks, Refrigerated & Frozen, International, and Foodservice segments. The Grocery & Snacks segment primarily offers shelf stable food products in various retail channels in the United States.
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