Conagra Brands (NYSE:CAG) Updates FY 2027 Earnings Guidance

Conagra Brands (NYSE:CAG) updated its FY 2027 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 1.400-1.500 for the period, compared to the consensus earnings per share estimate of 1.610. The company issued revenue guidance of -.

Conagra Brands Stock Down 1.1%

CAG stock opened at $14.17 on Wednesday. Conagra Brands has a 12 month low of $12.53 and a 12 month high of $20.32. The stock has a market capitalization of $6.78 billion, a P/E ratio of -141.72 and a beta of -0.02. The company has a current ratio of 0.90, a quick ratio of 0.30 and a debt-to-equity ratio of 0.79. The firm has a 50-day moving average price of $13.60 and a 200-day moving average price of $15.76.

Analyst Upgrades and Downgrades

CAG has been the topic of several analyst reports. The Goldman Sachs Group reduced their target price on Conagra Brands from $17.00 to $15.00 and set a “sell” rating on the stock in a report on Thursday, April 2nd. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Conagra Brands from $14.00 to $12.00 and set a “hold” rating on the stock in a report on Thursday, June 18th. Sanford C. Bernstein reiterated an “underperform” rating and set a $12.00 price target (down from $16.00) on shares of Conagra Brands in a research report on Wednesday, June 3rd. TD Cowen reduced their target price on Conagra Brands from $18.00 to $14.00 and set a “hold” rating on the stock in a research note on Wednesday, March 25th. Finally, BNP Paribas Exane decreased their price objective on shares of Conagra Brands from $16.00 to $14.00 and set a “neutral” rating for the company in a report on Thursday, May 21st. One equities research analyst has rated the stock with a Buy rating, eleven have assigned a Hold rating and six have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average price target of $14.00.

Hedge Funds Weigh In On Conagra Brands

A number of hedge funds have recently made changes to their positions in the stock. CYBER HORNET ETFs LLC acquired a new stake in shares of Conagra Brands during the second quarter worth about $26,000. MUFG Securities EMEA plc acquired a new position in shares of Conagra Brands in the second quarter worth $29,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Conagra Brands in the third quarter valued at $33,000. Lavaca Capital LLC grew its stake in Conagra Brands by 111.4% during the 4th quarter. Lavaca Capital LLC now owns 2,019 shares of the company’s stock worth $35,000 after purchasing an additional 1,064 shares in the last quarter. Finally, Los Angeles Capital Management LLC purchased a new stake in Conagra Brands during the 4th quarter worth about $41,000. Hedge funds and other institutional investors own 83.75% of the company’s stock.

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.