Analysts Set Conagra Brands (NYSE:CAG) Price Target at $14.00

Conagra Brands (NYSE:CAG) has been given a consensus recommendation of “Reduce” by the eighteen ratings firms that are covering the firm, MarketBeat reports. Six investment analysts have rated the stock with a sell recommendation, eleven have issued a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $14.00.

Several research firms have recently issued reports on CAG. Wells Fargo & Company dropped their price objective on shares of Conagra Brands from $14.00 to $13.00 and set an “underweight” rating on the stock in a report on Monday, May 18th. TD Cowen reduced 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 note on Wednesday, March 25th. Deutsche Bank Aktiengesellschaft decreased their target price on Conagra Brands from $14.00 to $12.00 and set a “hold” rating on the stock in a research report on Thursday, June 18th. Weiss Ratings cut Conagra Brands from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, June 25th. Finally, Sanford C. Bernstein reiterated an “underperform” rating and issued a $12.00 price objective (down from $16.00) on shares of Conagra Brands in a research report on Wednesday, June 3rd.

Conagra Brands Trading Down 0.1%

Shares of CAG stock opened at $14.14 on Thursday. Conagra Brands has a 1 year low of $12.53 and a 1 year high of $20.32. The firm’s fifty day simple moving average is $13.60 and its 200 day simple moving average is $15.74. The firm has a market capitalization of $6.76 billion, a P/E ratio of -141.35 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.

Conagra Brands (NYSE:CAG) last released its earnings results on Wednesday, July 15th. The company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.46 by $0.01. Conagra Brands had a negative net margin of 0.39% and a positive return on equity of 10.15%. The firm had revenue of $2.88 billion during the quarter, compared to analysts’ expectations of $2.89 billion. During the same period in the prior year, the company earned $0.56 EPS. The business’s quarterly revenue was up 3.6% compared to the same quarter last year. Conagra Brands has set its FY 2027 guidance at 1.400-1.500 EPS. As a group, sell-side analysts predict that Conagra Brands will post 1.7 EPS for the current year.

Conagra Brands Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Thursday, July 30th will be paid a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date is Thursday, July 30th. Conagra Brands’s dividend payout ratio is presently -1,400.00%.

Institutional Investors Weigh In On Conagra Brands

Institutional investors have recently bought and sold shares of the business. Wedge Capital Management L L P NC boosted its stake in Conagra Brands by 18.6% during the second quarter. Wedge Capital Management L L P NC now owns 303,432 shares of the company’s stock worth $4,084,000 after buying an additional 47,658 shares in the last quarter. Tema ETFs LLC raised its stake in shares of Conagra Brands by 9.3% in the 2nd quarter. Tema ETFs LLC now owns 8,546 shares of the company’s stock valued at $115,000 after buying an additional 725 shares in the last quarter. Fruth Investment Management lifted its holdings in shares of Conagra Brands by 26.4% during the 2nd quarter. Fruth Investment Management now owns 110,100 shares of the company’s stock worth $1,481,000 after acquiring an additional 23,000 shares during the period. Steadtrust LLC lifted its holdings in shares of Conagra Brands by 124.1% during the 2nd quarter. Steadtrust LLC now owns 76,200 shares of the company’s stock worth $1,026,000 after acquiring an additional 42,200 shares during the period. Finally, Atlas Brown Inc. boosted its position in shares of Conagra Brands by 58.3% during the 2nd quarter. Atlas Brown Inc. now owns 20,073 shares of the company’s stock valued at $270,000 after acquiring an additional 7,392 shares in the last quarter. Institutional investors and hedge funds own 83.75% of the company’s stock.

Trending Headlines about Conagra Brands

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

• Positive Sentiment: Conagra beat quarterly EPS estimates and posted year-over-year revenue growth, showing some operating resilience despite a tough consumer backdrop.
• Neutral Sentiment: Management said it is reviewing non-core assets and streamlining operations, a potential long-term turnaround step, but details were limited. Article Title
• Negative Sentiment: Conagra cut its dividend by 50%, which is a clear sign of pressure on cash generation and investor returns. Article Title
• Negative Sentiment: FY2027 guidance came in below analyst expectations, adding to worries that earnings momentum may stay weak in the near term. Article Title
• Negative Sentiment: The company recorded a quarterly loss under its new CEO, underscoring ongoing margin and cost challenges. Article Title

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.