Conagra Brands Inc is a packaged foods business based in the US. Conagra Brands shares (CAG) are listed on the NYSE and all prices are listed in US Dollars. Conagra Brands employs 18,600 staff and has a trailing 12-month revenue of around USD$11.2 billion.
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Since the stock market crash in March caused by coronavirus, Conagra Brands's stock price has had significant positive movement.
Its last market close was $33.25, which is 11.01% up on its pre-crash value of $29.59 and 45.64% up on the lowest point reached during the March crash when the stocks fell as low as $22.83.
If you had bought $1,000 worth of Conagra Brands stocks at the start of February 2020, those stocks would have been worth $782.07 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth $1,009.47.
|Latest market close||$33.25|
|52-week range||$31.76 - $38.73|
|50-day moving average||$33.51|
|200-day moving average||$35.52|
|Wall St. target price||$36.88|
|Dividend yield||$1.137 (3.36%)|
|Earnings per share (TTM)||$2.48|
Note: The dollar amounts in the table below are in Canadian dollars.
|1 week (2021-10-08)||-1.39%|
|1 month (2021-09-17)||-0.66%|
|3 months (2021-07-17)||-7.28%|
|6 months (2021-04-16)||-11.45%|
|1 year (2020-10-16)||-12.29%|
|2 years (2019-10-17)||21.39%|
|3 years (2018-10-17)||35.3|
|5 years (2016-10-17)||47.4963|
Valuing Conagra Brands stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Conagra Brands's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Conagra Brands's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 13x. In other words, Conagra Brands shares trade at around 13x recent earnings.
That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.
Conagra Brands's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 3.0069. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Conagra Brands's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.
Conagra Brands's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $2.2 billion.
The EBITDA is a measure of a Conagra Brands's overall financial performance and is widely used to measure a its profitability.
|Revenue TTM||$11.2 billion|
|Operating margin TTM||16.66%|
|Gross profit TTM||$3.2 billion|
|Return on assets TTM||5.18%|
|Return on equity TTM||14.34%|
|Market capitalisation||$15.9 billion|
TTM: trailing 12 months
There are currently 15.7 million Conagra Brands shares held short by investors – that's known as Conagra Brands's "short interest". This figure is 14.3% up from 13.7 million last month.
There are a few different ways that this level of interest in shorting Conagra Brands shares can be evaluated.
Conagra Brands's "short interest ratio" (SIR) is the quantity of Conagra Brands shares currently shorted divided by the average quantity of Conagra Brands shares traded daily (recently around 3.4 million). Conagra Brands's SIR currently stands at 4.63. In other words for every 100,000 Conagra Brands shares traded daily on the market, roughly 4630 shares are currently held short.
However Conagra Brands's short interest can also be evaluated against the total number of Conagra Brands shares, or, against the total number of tradable Conagra Brands shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Conagra Brands's short interest could be expressed as 0.03% of the outstanding shares (for every 100,000 Conagra Brands shares in existence, roughly 30 shares are currently held short) or 0.0329% of the tradable shares (for every 100,000 tradable Conagra Brands shares, roughly 33 shares are currently held short).
Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Conagra Brands.
Environmental, social and governance (known as ESG) criteria are a set of three factors used to measure the sustainability and social impact of companies like Conagra Brands.
When it comes to ESG scores, lower is better, and lower scores are generally associated with lower risk for would-be investors.
Total ESG risk: 39.43
Socially conscious investors use ESG scores to screen how an investment aligns with their worldview, and Conagra Brands's overall score of 39.43 (as at 01/01/2019) is pretty weak – landing it in it in the 71st percentile of companies rated in the same sector.
ESG scores are increasingly used to estimate the level of risk a company like Conagra Brands is exposed to within the areas of "environmental" (carbon footprint, resource use etc.), "social" (health and safety, human rights etc.), and "governance" (anti-corruption, tax transparency etc.).
Environmental score: 14.99/100
Conagra Brands's environmental score of 14.99 puts it squarely in the 9th percentile of companies rated in the same sector. This could suggest that Conagra Brands is a leader in its sector terms of its environmental impact, and exposed to a lower level of risk.
Social score: 24.32/100
Conagra Brands's social score of 24.32 puts it squarely in the 9th percentile of companies rated in the same sector. This could suggest that Conagra Brands is a leader in its sector when it comes to taking good care of its workforce and the communities it impacts.
Governance score: 13.12/100
Conagra Brands's governance score puts it squarely in the 9th percentile of companies rated in the same sector. That could suggest that Conagra Brands is a leader in its sector when it comes to responsible management and strategy, and exposed to a lower level of risk.
Controversy score: 2/5
ESG scores also evaluate any incidences of controversy that a company has been involved in. Conagra Brands scored a 2 out of 5 for controversy – the second-highest score possible, reflecting that Conagra Brands has, for the most part, managed to keep its nose clean.
Dividend payout ratio: 48.16% of net profits
Recently Conagra Brands has paid out, on average, around 48.16% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 3.77% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Conagra Brands shareholders could enjoy a 3.77% return on their shares, in the form of dividend payments. In Conagra Brands's case, that would currently equate to about $1.137 per share.
While Conagra Brands's payout ratio might seem fairly standard, it's worth remembering that Conagra Brands may be investing much of the rest of its net profits in future growth.
Conagra Brands's most recent dividend payout was on 1 December 2021. The latest dividend was paid out to all shareholders who bought their shares by 29 October 2021 (the "ex-dividend date").
Conagra Brands's shares were split on a 1285:1000 basis on 10 November 2016. So if you had owned 1000 shares the day before before the split, the next day you'd have owned 1285 shares. This wouldn't directly have changed the overall worth of your Conagra Brands shares – just the quantity. However, indirectly, the new 22.2% lower share price could have impacted the market appetite for Conagra Brands shares which in turn could have impacted Conagra Brands's share price.
Over the last 12 months, Conagra Brands's shares have ranged in value from as little as $31.7604 up to $38.7253. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while Conagra Brands's is 0.7857. This would suggest that Conagra Brands's shares are less volatile than average (for this exchange).
Conagra Brands, Inc. , together with its subsidiaries, operates as a consumer packaged goods 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. The Refrigerated & Frozen segment provides temperature-controlled food products in various retail channels in the United States. The International segment offers food products in various temperature states in retail and foodservice channels outside of the United States. The Foodservice segment offers food products, including meals, entrees, sauces, and various custom-manufactured culinary products packaged for sale to restaurants and other foodservice establishments in the United States.
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