Conagra Brands (CAG) Earning Somewhat Positive Press Coverage, Analysis Finds
Press coverage about Conagra Brands (NYSE:CAG) has been trending somewhat positive recently, according to Accern Sentiment. The research firm scores the sentiment of press coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Conagra Brands earned a daily sentiment score of 0.18 on Accern’s scale. Accern also gave news articles about the company an impact score of 45.2354341745421 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the news articles that may have impacted Accern Sentiment Analysis’s rankings:
- Can Conagra Sustain Its Margin Growth in Fiscal 2Q18 (finance.yahoo.com)
- What Analysts Recommend for Conagra Stock (finance.yahoo.com)
- Conagra Brands (CAG) Upgraded at UBS (americanbankingnews.com)
- Conagra Brands (CAG) Upgraded by UBS to “Neutral” (nismagazine.com)
- Will Conagra Stock Benefit from Fiscal 2Q18 Earnings? (finance.yahoo.com)
Shares of Conagra Brands (NYSE CAG) traded up $0.01 during midday trading on Monday, hitting $37.77. The stock had a trading volume of 3,730,055 shares, compared to its average volume of 3,482,369. 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 $15,424.88, a price-to-earnings ratio of 20.98, a price-to-earnings-growth ratio of 2.84 and a beta of 0.37. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.51 and a current ratio of 1.03.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Tuesday, January 30th will be given a dividend of $0.213 per share. This represents a $0.85 dividend on an annualized basis and a dividend yield of 2.26%. This is a positive change from Conagra Brands’s previous quarterly dividend of $0.21. The ex-dividend date is Monday, January 29th. Conagra Brands’s payout ratio is presently 60.28%.
Several research firms have commented on CAG. Sanford C. Bernstein raised Conagra Brands from an “underperform” rating to a “market perform” rating in a research report on Thursday. UBS raised Conagra Brands from a “sell” rating to a “neutral” rating and raised their price objective for the company from $33.00 to $37.00 in a research report on Tuesday, December 12th. Royal Bank of Canada reissued a “buy” rating and issued a $45.00 price objective on shares of Conagra Brands in a research report on Friday, September 29th. Morgan Stanley cut their price objective on Conagra Brands from $42.00 to $40.00 and set an “overweight” rating on the stock in a research report on Monday, September 25th. Finally, Jefferies Group reissued a “buy” rating and issued a $40.00 price objective on shares of Conagra Brands in a research report on Tuesday, October 3rd. One analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $40.37.
In other news, EVP Colleen Batcheler sold 133,869 shares of Conagra Brands stock in a transaction dated Friday, October 13th. The stock was sold at an average price of $34.28, for a total transaction of $4,589,029.32. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.79% of the stock is currently owned by insiders.
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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.
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