BNP Paribas Exane Cuts Conagra Brands (NYSE:CAG) Price Target to $19.00

Conagra Brands (NYSE:CAG) had its target price reduced by BNP Paribas Exane from $22.00 to $19.00 in a research note published on Thursday morning, MarketBeat.com reports. BNP Paribas Exane currently has an outperform rating on the stock.

Other equities analysts have also issued reports about the stock. Evercore cut their price objective on shares of Conagra Brands from $22.00 to $19.00 in a report on Friday, January 9th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Conagra Brands from $18.00 to $14.00 and set a “hold” rating for the company in a research report on Monday, March 30th. Zacks Research raised Conagra Brands from a “strong sell” rating to a “hold” rating in a research note on Friday, February 20th. Sanford C. Bernstein reduced their price target on Conagra Brands from $21.00 to $18.00 and set a “market perform” rating on the stock in a research report on Monday, December 22nd. Finally, Stifel Nicolaus decreased their price objective on Conagra Brands from $21.00 to $19.00 and set a “hold” rating for the company in a research note on Thursday, December 11th. Two research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, Conagra Brands currently has an average rating of “Reduce” and an average target price of $16.27.

Conagra Brands Stock Performance

Shares of NYSE:CAG opened at $15.71 on Thursday. The company has a current ratio of 0.90, a quick ratio of 0.28 and a debt-to-equity ratio of 0.79. Conagra Brands has a 1-year low of $15.03 and a 1-year high of $27.68. The stock has a market capitalization of $7.51 billion, a P/E ratio of -157.03 and a beta of 0.04. The business has a 50-day moving average price of $17.77 and a two-hundred day moving average price of $17.71.

Conagra Brands (NYSE:CAG) last issued its earnings results on Wednesday, April 1st. The company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.01). Conagra Brands had a negative net margin of 0.39% and a positive return on equity of 10.15%. The business had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.76 billion. During the same period last year, the business posted $0.51 EPS. The firm’s revenue for the quarter was down 1.9% compared to the same quarter last year. Equities analysts predict that Conagra Brands will post 2.35 earnings per share for the current year.

Conagra Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 3rd. Investors of record on Thursday, April 30th will be issued a dividend of $0.35 per share. The ex-dividend date is Thursday, April 30th. This represents a $1.40 dividend on an annualized basis and a yield of 8.9%. Conagra Brands’s payout ratio is currently -1,400.00%.

Institutional Investors Weigh In On Conagra Brands

Hedge funds have recently bought and sold shares of the company. NewEdge Advisors LLC raised its stake in Conagra Brands by 4.2% during the 1st quarter. NewEdge Advisors LLC now owns 23,541 shares of the company’s stock worth $628,000 after buying an additional 954 shares during the period. United Services Automobile Association bought a new position in Conagra Brands during the first quarter worth about $225,000. Empowered Funds LLC grew its stake in 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 acquiring an additional 2,038 shares during the period. Woodline Partners LP grew its stake in Conagra Brands by 40.7% in the first quarter. Woodline Partners LP now owns 40,326 shares of the company’s stock valued at $1,075,000 after acquiring an additional 11,664 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in shares of Conagra Brands by 52.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 83,621 shares of the company’s stock worth $1,712,000 after acquiring an additional 28,826 shares in the last quarter. 83.75% of the stock is currently owned by institutional investors and hedge funds.

More Conagra Brands News

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

• Positive Sentiment: Management said organic sales growth and volume trends are improving, suggesting demand recovery that could support revenue stabilization going forward. Conagra Returns to Organic Sales Growth
• Positive Sentiment: Some analysts continue constructive views (overweight/outperform ratings remain at a few firms), providing a floor for sentiment if execution improves. Analysts Slash Forecasts After Q3 Results
• Neutral Sentiment: Full prepared remarks and call transcript are available — useful for gauging management’s guidance, cost outlook and planned margin actions but contain mixed signals rather than new catalysts. Earnings Call Prepared Remarks Transcript
• Negative Sentiment: Q3 EPS missed estimates ($0.39 vs. $0.40) and management issued a cautious near-term outlook, raising concerns about margin pressure from inflation and costs. That miss is the primary immediate driver of the share decline. Q3 Earnings Call Transcript (EPS Miss)
• Negative Sentiment: Major brokerages slashed price targets and some downgraded ratings (Goldman, Wells Fargo and multiple peers cut PTs), amplifying selling pressure and lowering the analyst-driven support level for the stock. These Analysts Slash Their Forecasts
• Negative Sentiment: Investor governance/ transparency flag: commentary that no insiders set trading plans has raised questions about management confidence and disclosure practices, a potential sentiment headwind for some holders. Insider Trading Plans and Transparency Concerns

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.