Morgan Stanley Cuts Conagra Brands (NYSE:CAG) Price Target to $17.00

Conagra Brands (NYSE:CAG) had its price objective dropped by research analysts at Morgan Stanley from $19.00 to $17.00 in a report released on Thursday,MarketScreener reports. The firm currently has an “equal weight” rating on the stock. Morgan Stanley’s price target indicates a potential upside of 9.43% from the company’s current price.

A number of other research firms have also recently issued reports on CAG. UBS Group reiterated a “neutral” rating and set a $20.00 price objective on shares of Conagra Brands in a research report on Friday, February 13th. Bank of America dropped their price target on Conagra Brands from $18.00 to $17.00 and set an “underperform” rating for the company in a research note on Monday, December 22nd. Evercore reduced their price objective on Conagra Brands from $22.00 to $19.00 in a research report on Friday, January 9th. Stifel Nicolaus lowered their target price 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, Wall Street Zen raised Conagra Brands from a “sell” rating to a “hold” rating in a research note on Saturday, February 21st. Two equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and an average price target of $16.53.

Conagra Brands Price Performance

Shares of CAG stock opened at $15.54 on Thursday. The business has a fifty day simple moving average of $17.84 and a 200 day simple moving average of $17.76. The company has a market cap of $7.43 billion, a P/E ratio of -70.61 and a beta of 0.04. 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 has a twelve month low of $15.03 and a twelve month high of $27.68.

Conagra Brands (NYSE:CAG) last issued its earnings results on Wednesday, April 1st. The company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.01). The business had revenue of $2.79 billion for the quarter, compared to analyst estimates 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 was down 1.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.51 EPS. On average, sell-side analysts forecast that Conagra Brands will post 2.35 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of CAG. Norges Bank bought a new stake in shares of Conagra Brands in the 4th quarter valued at about $145,656,000. Two Sigma Investments LP raised its position in shares of Conagra Brands by 239.6% during the third quarter. Two Sigma Investments LP now owns 8,347,163 shares of the company’s stock worth $152,837,000 after acquiring an additional 5,889,542 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of Conagra Brands by 245.5% in the third quarter. Arrowstreet Capital Limited Partnership now owns 7,734,061 shares of the company’s stock worth $141,611,000 after acquiring an additional 5,495,503 shares during the period. AQR Capital Management LLC lifted its stake in shares of Conagra Brands by 216.2% in the third quarter. AQR Capital Management LLC now owns 7,459,654 shares of the company’s stock worth $135,318,000 after acquiring an additional 5,100,424 shares during the period. Finally, Qube Research & Technologies Ltd boosted its holdings in Conagra Brands by 241.9% in the third quarter. Qube Research & Technologies Ltd now owns 5,915,490 shares of the company’s stock valued at $108,313,000 after acquiring an additional 4,185,486 shares during the last quarter. 83.75% of the stock is owned by institutional investors and hedge funds.

Conagra Brands News Summary

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

• Positive Sentiment: Revenue slightly beat estimates and the company reported organic sales growth driven by stronger frozen and snacks volumes, evidence that core categories remain resilient. Conagra Q3 Earnings Miss Estimates Despite Organic Sales Growth
• Positive Sentiment: Management highlighted volume growth and category strength on the earnings call, helping some investors see a path to margin recovery if inflation eases. Conagra Brands Inc (CAG) Q3 2026 Earnings Call Highlights: Strong Volume Growth Amid Inflation …
• Neutral Sentiment: Market commentators and value investors point to a high dividend yield (~9% reported) and technical support at recent lows, which can stabilize the stock despite fundamental headwinds. 3 Signs Now is a Good Time to Buy Conagra Stock
• Negative Sentiment: EPS missed consensus ($0.39 vs $0.40) and margins contracted year‑over‑year, raising near‑term profitability concerns. Conagra Q3 earnings report summary
• Negative Sentiment: Management narrowed and lowered its full‑year profit guidance, citing rising costs — a primary driver of the stock weakness. Conagra Brands expects weak annual profit on rising costs
• Negative Sentiment: Analysts adjusted expectations: Jefferies cut its price target to $15 and several boutiques signaled caution, keeping downward pressure on sentiment. Jefferies adjusts price target on Conagra Brands to $15
• Negative Sentiment: Coverage pieces note broad analyst skepticism relative to peers and some price targets below the stock, amplifying selling pressure after mixed results. What Wall Street Expects From These 3 Food Giants After Mixed Earnings

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.