Conagra Brands (NYSE:CAG) Price Target Raised to $19.00

Conagra Brands (NYSE:CAG) had its price objective lifted by Morgan Stanley from $18.00 to $19.00 in a research report issued on Wednesday,MarketScreener reports. The brokerage currently has an “equal weight” rating on the stock. Morgan Stanley’s target price would indicate a potential upside of 3.40% from the stock’s current price.

Several other research firms have also recently weighed in on CAG. Evercore dropped their price objective on shares of Conagra Brands from $22.00 to $19.00 in a research report on Friday, January 9th. Wall Street Zen cut Conagra Brands from a “hold” rating to a “sell” rating in a research note on Saturday, December 27th. Bank of America dropped their price target on Conagra Brands from $18.00 to $17.00 and set an “underperform” rating on the stock in a research report on Monday, December 22nd. UBS Group reiterated a “neutral” rating and issued a $20.00 price objective on shares of Conagra Brands in a research report on Friday. Finally, Wells Fargo & Company lifted their price target on shares of Conagra Brands from $18.00 to $20.00 and gave the company an “equal weight” rating in a research note on Tuesday. One investment analyst has rated the stock with a Buy rating, eleven have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Conagra Brands presently has a consensus rating of “Reduce” and an average target price of $19.07.

Conagra Brands Price Performance

NYSE CAG traded down $0.51 on Wednesday, reaching $18.38. The company’s stock had a trading volume of 794,961 shares, compared to its average volume of 13,079,368. The firm has a market cap of $8.79 billion, a PE ratio of -83.76 and a beta of -0.01. The company has a current ratio of 0.89, a quick ratio of 0.28 and a debt-to-equity ratio of 0.80. Conagra Brands has a 52 week low of $15.96 and a 52 week high of $28.51. The business has a 50-day moving average price of $17.83 and a 200 day moving average price of $18.17.

Conagra Brands (NYSE:CAG) last released its quarterly earnings data on Friday, December 19th. The company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.01. The company had revenue of $2.98 billion for the quarter, compared to analyst estimates of $3 billion. Conagra Brands had a positive return on equity of 10.59% and a negative net margin of 0.87%.The company’s revenue was down 6.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.70 EPS. Conagra Brands has set its FY 2026 guidance at 1.700-1.85 EPS. Sell-side analysts expect that Conagra Brands will post 2.35 EPS for the current year.

Institutional Investors Weigh In On Conagra Brands

A number of large investors have recently bought and sold shares of the company. NewEdge Advisors LLC increased its stake in shares of Conagra Brands by 4.2% in the first quarter. NewEdge Advisors LLC now owns 23,541 shares of the company’s stock valued at $628,000 after buying an additional 954 shares during the period. United Services Automobile Association purchased a new position in shares of Conagra Brands in the 1st quarter worth about $225,000. Empowered Funds LLC raised its position in shares of Conagra Brands by 5.9% in the first quarter. Empowered Funds LLC now owns 36,356 shares of the company’s stock valued at $970,000 after purchasing an additional 2,038 shares during the period. Woodline Partners LP lifted its stake in shares of Conagra Brands by 40.7% during the 1st quarter. Woodline Partners LP now owns 40,326 shares of the company’s stock valued at $1,075,000 after buying an additional 11,664 shares in the last quarter. Finally, Yousif Capital Management LLC boosted its holdings in Conagra Brands by 3.6% in the 2nd quarter. Yousif Capital Management LLC now owns 54,684 shares of the company’s stock worth $1,119,000 after buying an additional 1,920 shares during the period. 83.75% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Conagra Brands

Here are the key news stories impacting Conagra Brands this week:

• Positive Sentiment: Management reaffirmed fiscal 2026 guidance (EPS $1.70–$1.85) and emphasized strong cash generation, which reduces execution risk and supports the outlook. Conagra Reaffirms 2026 Outlook, Highlights Strong Cash Generation
• Positive Sentiment: Wells Fargo raised its price target from $18 to $20 and kept an “equal weight” rating — a modest vote of confidence that implies limited upside but supports the idea the shares are fairly valued at current levels. Wells Fargo adjusts price target on Conagra Brands to $20
• Neutral Sentiment: Prepared remarks from Conagra’s presentation at the Consumer Analyst Group of New York (CAGNY) provide detail on strategy, brand priorities and cost structure; useful for investors doing deeper diligence but not market-moving on its own. CAGNY Prepared Remarks Transcript
• Neutral Sentiment: Company slideshow from the CAGNY presentation lays out the same messaging (growth initiatives, margin priorities); useful reference for models but not a catalyst by itself. CAGNY Slideshow
• Negative Sentiment: Market headlines focused on the stock’s drop despite the reaffirmed guidance, signaling that sector sentiment (and lingering concerns about demand and revenue trends) is outweighing Conagra’s guidance comfort. Conagra falls despite reaffirming fiscal 2026 guidance
• Negative Sentiment: Commentary pieces explain that the company’s update and CAGNY materials didn’t inspire investors—pointing to revenue weakness, prior quarter misses, and sector headwinds as the likely reasons for today’s selloff. Why Conagra Brands Stock Sank Today

About Conagra Brands

Conagra Brands, Inc is a leading packaged foods company based in Chicago, Illinois, with a broad portfolio of shelf-stable, frozen and refrigerated foods marketed under familiar brands. The company develops, produces and distributes a wide range of consumer food products, serving both retail grocery and foodservice channels. Conagra’s product lineup includes frozen entrees, snacks, condiments, baking goods and desserts, providing convenient meal solutions for consumers across North America and select international markets.

Among its well-known brands are Birds Eye, Healthy Choice, Lean Cuisine, Marie Callender’s and Banquet in the frozen foods category, as well as Hunt’s sauces, Orville Redenbacher’s popcorn, Slim Jim meat snacks and Reddi-wip toppings.