Conagra Brands (NYSE:CAG) Receives Consensus Rating of “Reduce” from Brokerages

Conagra Brands (NYSE:CAG) has been assigned a consensus rating of “Reduce” from the fourteen research firms that are presently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation and one has given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $21.9167.

CAG has been the subject of a number of analyst reports. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $22.00 price target on shares of Conagra Brands in a research note on Thursday, October 2nd. Wells Fargo & Company upped their price objective on Conagra Brands from $19.00 to $20.00 and gave the company an “equal weight” rating in a research note on Thursday, October 2nd. JPMorgan Chase & Co. initiated coverage on Conagra Brands in a report on Wednesday, August 20th. They issued a “neutral” rating and a $20.00 target price on the stock. Stifel Nicolaus cut their price target on Conagra Brands from $26.00 to $21.00 and set a “hold” rating on the stock in a report on Friday, July 11th. Finally, Sanford C. Bernstein set a $21.00 price target on Conagra Brands and gave the stock a “market perform” rating in a report on Friday, July 11th.

Institutional Investors Weigh In On Conagra Brands

Several large investors have recently made changes to their positions in CAG. Quaker Wealth Management LLC increased its position in shares of Conagra Brands by 202.3% during the 2nd quarter. Quaker Wealth Management LLC now owns 1,227 shares of the company’s stock valued at $25,000 after purchasing an additional 2,427 shares during the last quarter. Alpine Bank Wealth Management purchased a new stake in shares of Conagra Brands during the 1st quarter valued at $26,000. CYBER HORNET ETFs LLC purchased a new stake in shares of Conagra Brands during the 2nd quarter valued at $26,000. Capital Advisors Ltd. LLC increased its position in shares of Conagra Brands by 82.3% during the 1st quarter. Capital Advisors Ltd. LLC now owns 1,001 shares of the company’s stock valued at $27,000 after purchasing an additional 452 shares during the last quarter. Finally, MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of Conagra Brands during the 1st quarter valued at $27,000. 83.75% of the stock is owned by hedge funds and other institutional investors.

Conagra Brands Trading Down 2.1%

CAG stock opened at $18.19 on Tuesday. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.06 and a quick ratio of 0.44. The company has a fifty day moving average price of $18.95 and a two-hundred day moving average price of $21.23. Conagra Brands has a one year low of $17.89 and a one year high of $30.47. The stock has a market cap of $8.70 billion, a price-to-earnings ratio of 10.33, a price-to-earnings-growth ratio of 1.76 and a beta of 0.03.

Conagra Brands (NYSE:CAG) last posted its earnings results on Wednesday, October 1st. The company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.06. Conagra Brands had a return on equity of 11.72% and a net margin of 7.42%.The company had revenue of $2.63 billion during the quarter, compared to the consensus estimate of $2.62 billion. During the same quarter last year, the firm earned $0.53 earnings per share. The company’s revenue was down 5.8% on a year-over-year basis. Conagra Brands has set its FY 2026 guidance at 1.700-1.85 EPS. Equities analysts anticipate that Conagra Brands will post 2.35 EPS for the current year.

Conagra Brands Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Thursday, October 30th will be given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 7.7%. The ex-dividend date of this dividend is Thursday, October 30th. Conagra Brands’s dividend payout ratio is presently 79.55%.

Conagra Brands Company Profile

Conagra Brands, Inc, together with its subsidiaries, operates as a consumer packaged goods food company primarily in the United States. The company operates through Grocery & Snacks, Refrigerated & Frozen, International, and Foodservice segments. The Grocery & Snacks segment primarily offers shelf stable food products through various retail channels.