Conagra Brands (NYSE:CAG) Price Target Cut to $15.00 by Analysts at Jefferies Financial Group

Conagra Brands (NYSE:CAG) had its price objective cut by research analysts at Jefferies Financial Group from $16.00 to $15.00 in a research report issued on Monday,MarketScreener reports. The firm presently has a “hold” rating on the stock. Jefferies Financial Group’s price target indicates a potential downside of 2.99% from the company’s current price.

CAG has been the topic of a number of other reports. Deutsche Bank Aktiengesellschaft dropped their price target on Conagra Brands from $18.00 to $14.00 and set a “hold” rating for the company in a report on Monday. Royal Bank Of Canada decreased their target price on Conagra Brands from $22.00 to $20.00 and set a “sector perform” rating on the stock in a report on Monday, December 22nd. TD Cowen restated a “hold” rating on shares of Conagra Brands in a research note on Monday, December 22nd. Stifel Nicolaus cut their price target on Conagra Brands from $21.00 to $19.00 and set a “hold” rating for the company in a report on Thursday, December 11th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Conagra Brands in a research report on Wednesday, February 18th. One research analyst has rated the stock with a Buy rating, eleven have given a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Reduce” and an average price target of $17.79.

Conagra Brands Stock Performance

Conagra Brands stock traded down $0.26 during trading hours on Monday, hitting $15.46. The stock had a trading volume of 10,474,462 shares, compared to its average volume of 14,273,063. Conagra Brands has a fifty-two week low of $15.03 and a fifty-two week high of $27.68. The company has a market cap of $7.40 billion, a PE ratio of -70.29 and a beta of -0.02. The company has a 50-day moving average of $17.88 and a two-hundred day moving average of $17.77. The company has a quick ratio of 0.28, a current ratio of 0.89 and a debt-to-equity ratio of 0.80.

Conagra Brands (NYSE:CAG) last announced its quarterly earnings results on Wednesday, April 1st. The company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.01). The business had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.76 billion. Conagra Brands had a positive return on equity of 10.59% and a negative net margin of 0.87%.The firm’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.51 EPS. On average, equities research analysts anticipate that Conagra Brands will post 2.35 EPS for the current fiscal year.

Institutional Investors Weigh In On Conagra Brands

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. State Street Corp grew its holdings in shares of Conagra Brands by 2.3% during the second quarter. State Street Corp now owns 26,202,392 shares of the company’s stock worth $536,363,000 after buying an additional 588,435 shares in the last quarter. Invesco Ltd. lifted its stake in Conagra Brands by 13.3% in the 4th quarter. Invesco Ltd. now owns 17,667,780 shares of the company’s stock valued at $305,829,000 after acquiring an additional 2,079,903 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Conagra Brands by 20.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 17,622,165 shares of the company’s stock worth $305,044,000 after acquiring an additional 2,948,081 shares during the last quarter. Morgan Stanley boosted its position in Conagra Brands by 18.5% during the 4th quarter. Morgan Stanley now owns 15,229,557 shares of the company’s stock worth $263,624,000 after acquiring an additional 2,376,823 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its stake in shares of Conagra Brands by 19.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 12,130,671 shares of the company’s stock worth $222,113,000 after acquiring an additional 1,984,873 shares in the last quarter. 83.75% of the stock is currently owned by institutional investors and hedge funds.

Conagra Brands News Roundup

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

• Positive Sentiment: Revenue slightly beat consensus and sales showed resilience versus expectations — a sign demand held up even as margins tightened. Conagra posts better-than-expected sales
• Positive Sentiment: Board approved a $0.35 quarterly dividend (ex‑dividend Apr 30), yielding roughly 8.9% — supportive for income investors but raises questions about sustainability given margin pressure. Conagra announces quarterly dividend
• Neutral Sentiment: Company released Q3 results and accompanying slide deck / call materials — useful for detail on cost drivers, SKU performance and margin assumptions. Investors should review the slides/call for management’s plan to offset inflation. Conagra reports third quarter results (PR Newswire)
• Neutral Sentiment: Wall Street forecasters have been revising models ahead of and after the print — expect more target/rating adjustments as brokers digest guidance. Analysts revamp expectations ahead of Q3
• Negative Sentiment: Management narrowed and trimmed full‑year profit guidance, blaming rising input and freight costs that will pressure margins — the primary driver of the stock decline. Conagra trims annual profit forecast (Reuters)
• Negative Sentiment: Q3 EPS missed estimates by a hair while revenue was down ~1.9% vs. year‑ago — a combination that highlights margin stress and slower topline growth. Quarterly earnings summary and call materials
• Negative Sentiment: Deutsche Bank and other brokers have cut targets/expectations (Deutsche’s PT cited near‑term downside), increasing downside risk from multiple analyst downgrades. Deutsche Bank lowers expectations for Conagra
• Negative Sentiment: Prominent commentators have warned the current dividend level may be unsustainably high if margins don’t recover, which could pressure sentiment among income investors. Jim Cramer: high dividend may be unsustainable (Yahoo)

Conagra Brands Company Profile

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.