Deutsche Bank Aktiengesellschaft Cuts Conagra Brands (NYSE:CAG) Price Target to $18.00

Conagra Brands (NYSE:CAG) had its target price lowered by Deutsche Bank Aktiengesellschaft from $19.00 to $18.00 in a research report report published on Monday morning, MarketBeat.com reports. Deutsche Bank Aktiengesellschaft currently has a hold rating on the stock.

A number of other analysts have also weighed in on CAG. Jefferies Financial Group dropped their price objective on Conagra Brands from $19.00 to $18.00 and set a “hold” rating for the company in a research note on Thursday, December 11th. Bank of America dropped their target price on shares of Conagra Brands from $18.00 to $17.00 and set an “underperform” rating on the stock in a research note on Monday. The Goldman Sachs Group lowered their price objective on shares of Conagra Brands from $18.00 to $16.00 and set a “sell” rating on the stock in a research report on Monday, November 24th. Zacks Research upgraded shares of Conagra Brands from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 2nd. Finally, JPMorgan Chase & Co. cut their target price on Conagra Brands from $20.00 to $19.00 and set a “neutral” rating for the company in a research report on Tuesday, December 16th. One equities research analyst has rated the stock with a Buy rating, thirteen have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus price target of $19.29.

Conagra Brands Stock Performance

Conagra Brands stock opened at $17.04 on Monday. The company has a current ratio of 0.89, a quick ratio of 0.28 and a debt-to-equity ratio of 0.80. The firm’s 50 day simple moving average is $17.58 and its 200 day simple moving average is $18.85. The firm has a market capitalization of $8.15 billion, a PE ratio of -77.43 and a beta of -0.01. Conagra Brands has a 1-year low of $16.60 and a 1-year high of $28.51.

Conagra Brands (NYSE:CAG) last announced its earnings results on Friday, December 19th. The company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.01. Conagra Brands had a negative net margin of 0.87% and a positive return on equity of 10.59%. The business had revenue of $2.98 billion during the quarter, compared to analyst estimates of $3 billion. During the same period in the previous year, the business posted $0.70 earnings per share. Conagra Brands’s revenue for the quarter was down 6.8% on a year-over-year basis. Conagra Brands has set its FY 2026 guidance at 1.700-1.85 EPS. As a group, analysts expect that Conagra Brands will post 2.35 earnings per share for the current fiscal year.

Conagra Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 26th. Stockholders of record on Tuesday, January 27th will be paid a dividend of $0.35 per share. The ex-dividend date is Tuesday, January 27th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 8.2%. Conagra Brands’s dividend payout ratio (DPR) is currently -636.36%.

Insider Buying and Selling

In other Conagra Brands news, SVP Melissa C. Napier sold 13,011 shares of the stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $17.19, for a total transaction of $223,659.09. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.57% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of CAG. Vanguard Group Inc. raised its stake in shares of Conagra Brands by 1.6% in the second quarter. Vanguard Group Inc. now owns 61,369,876 shares of the company’s stock worth $1,256,241,000 after purchasing an additional 966,031 shares during the last quarter. State Street Corp boosted its holdings in shares of Conagra Brands by 2.3% during the 2nd quarter. State Street Corp now owns 26,202,392 shares of the company’s stock worth $536,363,000 after purchasing an additional 588,435 shares during the last quarter. Invesco Ltd. raised its stake in Conagra Brands by 25.6% during the third quarter. Invesco Ltd. now owns 15,587,877 shares of the company’s stock worth $285,414,000 after purchasing an additional 3,173,767 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Conagra Brands by 21.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 14,674,084 shares of the company’s stock valued at $268,672,000 after acquiring an additional 2,618,647 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of Conagra Brands by 1.5% in the 2nd quarter. Geode Capital Management LLC now owns 12,870,239 shares of the company’s stock worth $262,405,000 after acquiring an additional 193,829 shares during the last quarter. Institutional investors and hedge funds 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.