Conagra Brands (NYSE:CAG) Stock Price Down 3.7% – Here’s What Happened

Conagra Brands (NYSE:CAG)’s stock price was down 3.7% during trading on Friday . The stock traded as low as $17.10 and last traded at $17.15. Approximately 3,619,121 shares were traded during trading, a decline of 59% from the average daily volume of 8,879,580 shares. The stock had previously closed at $17.80.

Conagra Brands News Summary

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

• Positive Sentiment: Board approved a quarterly dividend of $0.35 (annualized yield ~7.9%), supporting income-oriented demand for the stock. Conagra Brands Announces Quarterly Dividend Payment
• Positive Sentiment: EPS slightly beat consensus: $0.45 vs. $0.44 expected (although well below last year’s $0.70), giving a limited near-term earnings positive. Conagra Brands (CAG) Tops Q2 Earnings Estimates
• Neutral Sentiment: Company filed its Q2 press release and slide deck; management held its earnings call (prepared remarks/transcript available) for details on performance and cost actions. These materials provide the roadmap but contain no surprise strategic changes. CONAGRA BRANDS REPORTS SECOND QUARTER RESULTS
• Negative Sentiment: Conagra took a large non-cash impairment (~$968 million) in Q2, a material hit that clouds near-term profitability and balance-sheet optics. Conagra keeps annual forecasts intact, incurs $968 million charge in Q2
• Negative Sentiment: Sales fell year-over-year and the top line missed/was pressured by weak consumer spending across core pantry categories — management maintained annual guidance but the outlook is conservative relative to some estimates. Conagra maintains annual forecasts
• Negative Sentiment: Analyst reactions add pressure: JPMorgan trimmed its price target and other firms (including Bank of America) remain negative, signaling limited near-term analyst support. JPMorgan Chase & Co. Lowers Conagra Brands (NYSE:CAG) Price Target to $19.00

Analysts Set New Price Targets

Several research analysts have recently issued reports on CAG shares. The Goldman Sachs Group dropped their price objective on shares of Conagra Brands from $18.00 to $16.00 and set a “sell” rating on the stock in a report on Monday, November 24th. Morgan Stanley upped their price target on Conagra Brands from $20.00 to $21.00 and gave the company an “equal weight” rating in a report on Wednesday, September 24th. JPMorgan Chase & Co. reduced their price objective on Conagra Brands from $20.00 to $19.00 and set a “neutral” rating for the company in a research report on Tuesday. Royal Bank Of Canada restated a “sector perform” rating and set a $22.00 price objective on shares of Conagra Brands in a research report on Thursday, October 2nd. Finally, Stifel Nicolaus reduced their target price on Conagra Brands from $21.00 to $19.00 and set a “hold” rating for the company in a research report on Thursday, December 11th. One investment analyst has rated the stock with a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Reduce” and an average target price of $20.25.

Conagra Brands Trading Down 2.1%

The company has a 50 day moving average of $17.68 and a 200 day moving average of $19.02. The firm has a market cap of $8.34 billion, a price-to-earnings ratio of 9.90 and a beta of -0.01. The company has a current ratio of 1.06, a quick ratio of 0.44 and a debt-to-equity ratio of 0.81.

Conagra Brands (NYSE:CAG) last released its quarterly earnings data on Friday, December 19th. The company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.01. Conagra Brands had a return on equity of 11.72% and a net margin of 7.42%.The firm had revenue of $2.98 billion during the quarter, compared to analyst estimates of $3 billion. During the same period in the prior year, the company posted $0.70 earnings per share. The business’s revenue for the quarter was down 6.8% compared to the same quarter last year. Conagra Brands has set its FY 2026 guidance at 1.700-1.85 EPS. As a group, research analysts anticipate that Conagra Brands will post 2.35 EPS for the current year.

Conagra Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 26th. Stockholders of record on Tuesday, January 27th will be issued a dividend of $0.35 per share. The ex-dividend date of this dividend is Tuesday, January 27th. This represents a $1.40 annualized dividend and a dividend yield of 8.0%. Conagra Brands’s dividend payout ratio (DPR) is presently 79.55%.

Insider Activity

In other news, SVP Melissa C. Napier sold 13,011 shares of the business’s stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $17.19, for a total value of $223,659.09. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 0.57% of the company’s stock.

Institutional Investors Weigh In On Conagra Brands

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Quaker Wealth Management LLC grew its stake in shares of Conagra Brands by 202.3% during the second quarter. Quaker Wealth Management LLC now owns 1,227 shares of the company’s stock valued at $25,000 after purchasing an additional 2,427 shares during the last quarter. CYBER HORNET ETFs LLC acquired a new position in Conagra Brands during the 2nd quarter worth $26,000. MUFG Securities EMEA plc bought a new position in Conagra Brands in the 2nd quarter valued at $29,000. True Wealth Design LLC increased its stake in shares of Conagra Brands by 844.4% in the 3rd quarter. True Wealth Design LLC now owns 1,596 shares of the company’s stock valued at $29,000 after buying an additional 1,427 shares during the period. Finally, Clearstead Trust LLC increased its stake in shares of Conagra Brands by 522.1% in the 2nd quarter. Clearstead Trust LLC now owns 1,636 shares of the company’s stock valued at $33,000 after buying an additional 1,373 shares during the period. 83.75% of the stock is owned by institutional investors and hedge funds.

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.