Conagra Brands (CAG) To Go Ex-Dividend on November 5th

Conagra Brands (NYSE:CAG) announced a quarterly dividend on Wednesday, September 23rd. Shareholders of record on Thursday, November 5th will be given a dividend of $0.1750 per share on Thursday, December 3rd. This represents a $0.70 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date is Thursday, November 5th.

Conagra Brands has increased its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 5 consecutive years. Conagra Brands has a payout ratio of 28.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Conagra Brands to earn $1.57 per share next year, which means the company should continue to be able to cover its $0.70 annual dividend with an expected future payout ratio of 44.6%.

Conagra Brands Stock Performance

Shares of Conagra Brands stock opened at $14.66 on Friday. Conagra Brands has a one year low of $12.53 and a one year high of $20.32. The company has a market cap of $7.01 billion, a PE ratio of -3.66 and a beta of -0.01. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.31 and a current ratio of 0.90. The business has a 50-day simple moving average of $15.29 and a 200-day simple moving average of $14.69.

Conagra Brands (NYSE:CAG) last issued its earnings results on Wednesday, July 15th. The company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.01. Conagra Brands had a negative net margin of 16.99% and a positive return on equity of 10.44%. The firm had revenue of $2.88 billion for the quarter, compared to analysts’ expectations of $2.89 billion. During the same quarter last year, the company earned $0.56 earnings per share. The firm’s revenue was up 3.6% compared to the same quarter last year. Conagra Brands has set its FY 2027 guidance at 1.400-1.500 EPS. On average, equities research analysts forecast that Conagra Brands will post 1.45 EPS for the current fiscal year.

Institutional Trading of Conagra Brands

A number of large investors have recently bought and sold shares of the business. Harbour Investments Inc. boosted its stake in shares of Conagra Brands by 80.4% during the fourth quarter. Harbour Investments Inc. now owns 1,573 shares of the company’s stock worth $27,000 after buying an additional 701 shares during the period. Bell Investment Advisors Inc raised its stake in Conagra Brands by 156.9% during the 1st quarter. Bell Investment Advisors Inc now owns 1,685 shares of the company’s stock valued at $26,000 after acquiring an additional 1,029 shares during the last quarter. Rakuten Securities Inc. raised its stake in Conagra Brands by 339.7% during the 2nd quarter. Rakuten Securities Inc. now owns 2,273 shares of the company’s stock valued at $31,000 after acquiring an additional 1,756 shares during the last quarter. Ascentis Independent Advisors acquired a new stake in Conagra Brands during the 1st quarter worth approximately $38,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Conagra Brands in the 2nd quarter valued at approximately $41,000. Institutional investors and hedge funds own 83.75% of the company’s stock.

Conagra Brands Company Profile

Conagra Brands, Inc is a packaged food company that develops, manufactures and markets branded and private-label food products primarily in North America. Its portfolio spans frozen meals and sides, snacks, shelf-stable foods, condiments, refrigerated foods and cooking products, serving retail grocery, foodservice and other distribution channels.

Its well-known brands include Birds Eye, Healthy Choice, Banquet, Marie Callender’s, Duncan Hines, Reddi-wip, Slim Jim, Vlasic, Hunt’s and PAM.