Boston, MA, 04/08/2014 (usastockreports) – ConAgra Foods Inc (NYSE:CAG), a leading company of packaged food, made an announcement about its quarterly dividend on April 4, 2014. The shareholders of the company as recorded up to April 30, 2014 will receive a quarter dividend of $0.25 on each share of CAG. The payment of the dividend will be done on May 30, 2014. This declared dividend represents that the annual dividend of the firm will be $1 and the total yield form the dividend will be of about 3.23%. The date of ex-dividend has been scheduled to be April 28, 2014.
Analysis by other firms
CAG has recently been subject to the analysts of many firms and these firms changed their price targets on the stocks of CAG after their analysis. The analysts of Morgan Stanley (NYSE:MS), gave a rating of ‘equal weight’ and increased their price target on the firm’s stock to $30.00. Jefferies Group LLC (NYSE:JEF)’s analysts increased their target price to $ 36.00 which was previously $35.00. Whereas Goldman Sachs’s analysts downgraded the ratings on the share of CAG from ‘Buy’ to ‘Neutral’ and also decreased their price target to $31.00 which was previously $33.00.
The stocks of ConAgra Foods Inc (NYSE:CAG) has been rated as ‘sell’ by two analysts, seven analysts have rated it to be a ‘hold’ and only one analyst has issued ‘Buy’ rating to stocks of the firm. The current average of CAG is ‘Hold’ and its consensus target price is $32.92.
Effect on CAG
CAG faced a year low price target of $28.09 and a year high price target of $37.28. The stocks of CAG have $29.5 as their moving average of 50 days and $31.44 as the moving average of 200 days. CAG’s total market capital is about $13.047 billion and its P/E ratio is 16.40.
In the last quarter CAG, showed an EPS of $0.62 which was $0.02 more than the anticipated EPS. ConAgra Foods Inc (NYSE:CAG) is expecting to reach an EPS of $2.23 in the current year.