Conagra Brands’ (CAG) “Sector Perform” Rating Reiterated at Royal Bank Of Canada

Royal Bank Of Canada reiterated their sector perform rating on shares of Conagra Brands (NYSE:CAG) in a research report report published on Thursday,Benzinga reports. Royal Bank Of Canada currently has a $14.00 target price on the stock.

Other equities analysts also recently issued research reports about the stock. JPMorgan Chase & Co. boosted their target price on shares of Conagra Brands from $14.00 to $15.00 and gave the stock a “neutral” rating in a research note on Thursday, July 16th. Sanford C. Bernstein restated an “underperform” rating and issued a $12.00 price target (down from $16.00) on shares of Conagra Brands in a research note on Wednesday, June 3rd. Barclays lifted their price target on Conagra Brands from $16.00 to $17.00 and gave the stock an “overweight” rating in a report on Friday, July 17th. Evercore set a $13.00 price objective on Conagra Brands in a research report on Tuesday. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Conagra Brands in a report on Tuesday, September 22nd. One investment analyst has rated the stock with a Buy rating, twelve have given a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat, Conagra Brands presently has an average rating of “Reduce” and an average price target of $14.07.

Conagra Brands Stock Up 1.4%

Shares of Conagra Brands stock opened at $13.38 on Thursday. The company has a quick ratio of 0.31, a current ratio of 1.10 and a debt-to-equity ratio of 1.08. Conagra Brands has a 52-week low of $12.53 and a 52-week high of $20.32. The company has a market capitalization of $6.39 billion, a P/E ratio of -3.36 and a beta of 0.02. The company has a 50 day moving average of $15.18 and a 200 day moving average of $14.56.

Conagra Brands (NYSE:CAG) last announced its quarterly earnings data on Wednesday, September 30th. The company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.13. Conagra Brands had a negative net margin of 16.95% and a positive return on equity of 11.46%. The company had revenue of $2.60 billion for the quarter, compared to the consensus estimate of $2.59 billion. During the same period in the prior 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, research analysts forecast that Conagra Brands will post 1.46 EPS for the current fiscal year.

Conagra Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 3rd. Stockholders of record on Thursday, November 5th will be issued a $0.1750 dividend. This represents a $0.70 annualized dividend and a dividend yield of 5.2%. The ex-dividend date of this dividend is Thursday, November 5th. Conagra Brands’s dividend payout ratio is presently -17.59%.

Hedge Funds Weigh In On Conagra Brands

A number of institutional investors have recently modified their holdings of CAG. All Terrain Financial Advisors LLC raised its position in Conagra Brands by 0.3% during the 4th quarter. All Terrain Financial Advisors LLC now owns 176,971 shares of the company’s stock worth $3,063,000 after purchasing an additional 609 shares during the last quarter. Harbour Investments Inc. grew its position in shares of Conagra Brands by 80.4% in the 4th quarter. Harbour Investments Inc. now owns 1,573 shares of the company’s stock valued at $27,000 after buying an additional 701 shares during the last quarter. Tema ETFs LLC increased its stake in shares of Conagra Brands by 9.3% in the second quarter. Tema ETFs LLC now owns 8,546 shares of the company’s stock valued at $115,000 after buying an additional 725 shares during the period. Root Financial Partners LLC increased its stake in shares of Conagra Brands by 20.9% in the first quarter. Root Financial Partners LLC now owns 4,855 shares of the company’s stock valued at $76,000 after buying an additional 839 shares during the period. Finally, Castle Rock Wealth Management LLC raised its position in shares of Conagra Brands by 3.6% during the second quarter. Castle Rock Wealth Management LLC now owns 26,128 shares of the company’s stock worth $374,000 after acquiring an additional 911 shares during the last quarter. 83.75% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Conagra Brands

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

• Positive Sentiment: Conagra reported quarterly adjusted earnings of $0.41 per share, well above the $0.28 analyst consensus, while revenue of $2.60 billion was slightly ahead of expectations. Management maintained fiscal 2027 EPS guidance of $1.40–$1.50. Conagra Brands Releases Quarterly Earnings Results
• Positive Sentiment: Barclays initiated or reiterated a bullish view with a “Buy” rating, suggesting analysts see potential value in Conagra’s depressed valuation and turnaround efforts. Conagra Brands Receives a Buy from Barclays
• Neutral Sentiment: RBC reaffirmed its “Sector Perform” rating and assigned a $14 price target, indicating limited near-term upside from current levels and a wait-and-see stance on the recovery. RBC Reaffirms Conagra Rating
• Negative Sentiment: Analysts highlighted continuing pressure on margins and declining volumes, with Conagra’s simplification initiatives not yet fully offsetting operational challenges. CAG Q3 Deep Dive
• Negative Sentiment: The frozen-food business faces potential product cannibalization: Conagra has such a broad assortment of frozen meals that its own brands may be competing for limited shelf space and consumer demand. Frozen Food Aisle Competition
• Negative Sentiment: Commentary on the earnings call characterized the turnaround as showing progress but still facing significant pressure, reinforcing concerns that earnings growth may take time. Conagra Brands Earnings Call

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.