Press coverage about Conagra Brands (NYSE:CAG) has trended somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies negative and positive press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Conagra Brands earned a media sentiment score of 0.10 on Accern’s scale. Accern also assigned media headlines about the company an impact score of 46.0913640654184 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

These are some of the media headlines that may have impacted Accern Sentiment Analysis’s analysis:

Shares of CAG opened at $36.33 on Wednesday. The stock has a market cap of $14.43 billion, a price-to-earnings ratio of 17.22, a P/E/G ratio of 2.05 and a beta of 0.31. Conagra Brands has a 12 month low of $32.16 and a 12 month high of $39.43. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.40 and a current ratio of 0.83.

Conagra Brands (NYSE:CAG) last announced its earnings results on Wednesday, June 27th. The company reported $0.50 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.07. The firm had revenue of $1.97 billion for the quarter, compared to the consensus estimate of $1.93 billion. Conagra Brands had a return on equity of 22.54% and a net margin of 10.18%. The business’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.37 EPS. equities research analysts forecast that Conagra Brands will post 2.25 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 30th. Stockholders of record on Tuesday, July 31st will be paid a $0.2125 dividend. This represents a $0.85 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date of this dividend is Monday, July 30th. Conagra Brands’s dividend payout ratio is 40.28%.

CAG has been the topic of several recent research reports. Citigroup cut their target price on Conagra Brands from $43.00 to $42.00 and set a “buy” rating on the stock in a report on Thursday, June 28th. Stephens initiated coverage on Conagra Brands in a report on Monday, August 20th. They set an “overweight” rating and a $45.00 target price on the stock. Zacks Investment Research raised Conagra Brands from a “sell” rating to a “hold” rating in a report on Friday, June 29th. ValuEngine downgraded Conagra Brands from a “hold” rating to a “sell” rating in a report on Wednesday, July 4th. Finally, JPMorgan Chase & Co. lifted their target price on Conagra Brands from $43.00 to $45.00 and gave the stock an “overweight” rating in a report on Friday, July 27th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company’s stock. Conagra Brands has a consensus rating of “Buy” and an average target price of $42.40.

In other news, Director Steven F. Goldstone sold 72,678 shares of the business’s stock in a transaction dated Friday, June 29th. The stock was sold at an average price of $35.59, for a total value of $2,586,610.02. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Ruth Ann Marshall sold 3,023 shares of the business’s stock in a transaction dated Thursday, July 5th. The shares were sold at an average price of $35.15, for a total value of $106,258.45. The disclosure for this sale can be found here. Insiders sold a total of 134,791 shares of company stock worth $4,823,771 over the last three months. 0.92% of the stock is owned by company 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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