Conagra Brands (NYSE:CAG) Stock Has Average Target Price of $14.07

Shares of Conagra Brands (NYSE:CAG) have received an average rating of “Reduce” from the eighteen analysts that are currently covering the firm, MarketBeat.com reports. Five research analysts have rated the stock with a sell rating, twelve have given a hold rating and one has given a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $14.07.

A number of equities research analysts have commented on the company. UBS Group increased their target price on Conagra Brands from $13.00 to $14.00 and gave the company a “neutral” rating in a report on Thursday, July 16th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $14.00 price target on shares of Conagra Brands in a report on Thursday, October 1st. Weiss Ratings reissued a “sell (d)” rating on shares of Conagra Brands in a report on Tuesday, September 22nd. Deutsche Bank Aktiengesellschaft upped their price objective on Conagra Brands from $12.00 to $13.00 and gave the company a “hold” rating in a research report on Friday, September 18th. Finally, Evercore set a $13.00 price objective on Conagra Brands in a research note on Tuesday, September 29th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in shares of Conagra Brands in the second quarter valued at $1,071,275,000. Bank of New York Mellon Corp acquired a new position in Conagra Brands in the second quarter valued at $47,815,000. Freestone Grove Partners LP purchased a new position in Conagra Brands during the second quarter worth about $30,316,000. Bank of America Corp DE purchased a new position in Conagra Brands during the second quarter worth about $25,047,000. Finally, Dimensional Fund Advisors LP lifted its position in Conagra Brands by 9.7% during the first quarter. Dimensional Fund Advisors LP now owns 19,323,789 shares of the company’s stock worth $303,771,000 after buying an additional 1,701,624 shares during the period. 83.75% of the stock is currently owned by hedge funds and other institutional investors.

Conagra Brands Price Performance

Shares of CAG stock traded up $0.30 during trading hours on Friday, hitting $14.48. The company’s stock had a trading volume of 9,266,487 shares, compared to its average volume of 14,947,163. The company has a current ratio of 1.10, a quick ratio of 0.39 and a debt-to-equity ratio of 1.08. The business has a fifty day moving average of $14.90 and a 200-day moving average of $14.43. Conagra Brands has a twelve month low of $12.53 and a twelve month high of $20.32. The stock has a market cap of $6.91 billion, a price-to-earnings ratio of -3.64 and a beta of 0.02.

Conagra Brands (NYSE:CAG) last issued its quarterly earnings data on Wednesday, September 30th. The company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.13. Conagra Brands had a positive return on equity of 11.46% and a negative net margin of 16.95%. The firm had revenue of $2.60 billion during the quarter, compared to the consensus estimate of $2.59 billion. During the same period in the previous year, the firm posted $0.39 EPS. The company’s quarterly revenue was down 1.4% compared to the same quarter last year. Conagra Brands has set its FY 2027 guidance at 1.400-1.500 EPS. As a group, equities research analysts anticipate that Conagra Brands will post 1.46 EPS for the current year.

Conagra Brands Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 3rd. Investors of record on Thursday, November 5th will be paid a $0.1750 dividend. The ex-dividend date of this dividend is Thursday, November 5th. This represents a $0.70 annualized dividend and a yield of 4.8%. Conagra Brands’s payout ratio is presently -17.59%.

Conagra Brands Company Profile

Conagra Brands, Inc is a packaged food company headquartered in Chicago, Illinois. The company develops, produces and markets branded food products sold through grocery stores, mass merchandisers, club stores, convenience stores, foodservice operators and e-commerce channels.

Its portfolio includes frozen, refrigerated, grocery and snack products. Well-known brands include Birds Eye, Healthy Choice, Marie Callender’s, Banquet, Duncan Hines, Reddi-wip, Slim Jim, Hunt’s, Chef Boyardee, Orville Redenbacher’s, Vlasic, PAM and Angie’s BOOMCHICKAPOP.