Conagra Brands (CAG) Earning Somewhat Favorable News Coverage, Study Shows
News articles about Conagra Brands (NYSE:CAG) have trended somewhat positive on Tuesday, 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 0.09 on Accern’s scale. Accern also gave news coverage about the company an impact score of 46.2369581898502 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.
These are some of the media stories that may have impacted Accern Sentiment’s analysis:
- These Consumer Stocks Caught Some Attention Last Week (finance.yahoo.com)
- Analyzing Conagra Brands (CAG) and Hershey (HSY) (americanbankingnews.com)
- Smucker is considering a sale of its baking brands for $700M (fooddive.com)
- Facebook makes big move with video, General Mills makes major organic push, Amazon expands Whole Foods delivery (finance.yahoo.com)
- Conagra (CAG) Terminates Wesson Brand's Divestment Deal (finance.yahoo.com)
Several equities research analysts recently weighed in on CAG shares. Zacks Investment Research raised shares of Conagra Brands from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a research report on Thursday, February 22nd. 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. Stifel Nicolaus raised their price target on shares of Conagra Brands from $38.00 to $42.00 and gave the company a “buy” rating in a research report on Friday, December 22nd. Credit Suisse Group set a $40.00 price target on shares of Conagra Brands and gave the company a “hold” rating in a research report on Monday, December 25th. Finally, UBS Group raised shares of Conagra Brands from a “sell” rating to a “neutral” rating and raised their price target for the company from $33.00 to $37.00 in a research report on Tuesday, December 12th. One analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the stock. Conagra Brands currently has an average rating of “Hold” and a consensus price target of $40.50.
Conagra Brands (NYSE:CAG) last posted its earnings results on Thursday, December 21st. The company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.03. Conagra Brands had a net margin of 9.04% and a return on equity of 19.58%. The business had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $2.07 billion. During the same quarter in the previous year, the firm posted $0.49 EPS. The firm’s revenue was up 4.1% on a year-over-year basis. equities analysts predict that Conagra Brands will post 1.96 earnings per share for the current year.
In other Conagra Brands news, SVP Robert G. Wise sold 23,170 shares of Conagra Brands stock in a transaction that occurred on Thursday, January 4th. The shares were sold at an average price of $37.87, for a total value of $877,447.90. Following the completion of the sale, the senior vice president now owns 51,859 shares of the company’s stock, valued at approximately $1,963,900.33. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Joie A. Gregor sold 5,250 shares of the business’s stock in a transaction on Thursday, December 28th. The shares were 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. In the last ninety days, insiders sold 33,670 shares of company stock valued at $1,276,868. 0.79% of the stock is currently owned by insiders.
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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