Conagra Brands (NYSE:CAG) Price Target Raised to $14.00

Conagra Brands (NYSE:CAG) had its price target raised by UBS Group from $13.00 to $14.00 in a report published on Thursday,Benzinga reports. They currently have a neutral rating on the stock.

A number of other brokerages also recently issued reports on CAG. Barclays lowered their price objective on Conagra Brands from $18.00 to $16.00 and set an “overweight” rating for the company in a research report on Wednesday, July 8th. TD Cowen decreased 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 report on Wednesday, March 25th. Morgan Stanley lowered their price target on shares of Conagra Brands from $15.00 to $13.00 and set an “equal weight” rating for the company in a report on Friday, June 5th. The Goldman Sachs Group dropped their price target on shares of Conagra Brands from $17.00 to $15.00 and set a “sell” rating on the stock in a research report on Thursday, April 2nd. Finally, Weiss Ratings lowered shares of Conagra Brands from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, June 25th. One analyst has rated the stock with a Buy rating, eleven have given a Hold rating and six have issued a Sell rating to the stock. According to MarketBeat, Conagra Brands currently has an average rating of “Reduce” and a consensus target price of $14.07.

Conagra Brands Stock Performance

NYSE CAG opened at $14.29 on Thursday. The company has a market capitalization of $6.84 billion, a price-to-earnings ratio of -3.57 and a beta of -0.02. Conagra Brands has a twelve month low of $12.53 and a twelve month high of $20.32. The stock has a fifty day simple moving average of $13.61 and a 200 day simple moving average of $15.71. The company has a quick ratio of 0.30, a current ratio of 0.90 and a debt-to-equity ratio of 1.02.

Conagra Brands (NYSE:CAG) last announced its earnings results on Wednesday, July 15th. The company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.46 by $0.01. The firm had revenue of $2.88 billion for the quarter, compared to the consensus estimate of $2.89 billion. Conagra Brands had a positive return on equity of 10.44% and a negative net margin of 16.99%.The business’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.56 EPS. Conagra Brands has set its FY 2027 guidance at 1.400-1.500 EPS. Sell-side analysts expect that Conagra Brands will post 1.45 EPS for the current year.

Conagra Brands Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Thursday, July 30th will be issued a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date is Thursday, July 30th. Conagra Brands’s dividend payout ratio is presently -35.00%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. NewEdge Advisors LLC boosted its stake in Conagra Brands by 4.2% during the first quarter. NewEdge Advisors LLC now owns 23,541 shares of the company’s stock worth $628,000 after acquiring an additional 954 shares in the last quarter. United Services Automobile Association bought a new stake in Conagra Brands in the first quarter valued at $225,000. Empowered Funds LLC raised its holdings in shares of Conagra Brands by 5.9% during the first quarter. Empowered Funds LLC now owns 36,356 shares of the company’s stock valued at $970,000 after purchasing an additional 2,038 shares during the period. Woodline Partners LP raised its holdings in shares of Conagra Brands by 40.7% during the first quarter. Woodline Partners LP now owns 40,326 shares of the company’s stock valued at $1,075,000 after purchasing an additional 11,664 shares during the period. Finally, Gamco Investors INC. ET AL boosted its position in shares of Conagra Brands by 3.9% during the 2nd quarter. Gamco Investors INC. ET AL now owns 50,450 shares of the company’s stock worth $1,033,000 after purchasing an additional 1,900 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: Barclays raised its price target on Conagra Brands to $17 from $16 and kept an overweight rating, implying meaningful upside from current levels. Barclays raises Conagra price target
• Positive Sentiment: Jefferies reiterated a Hold rating but lifted its target to $14 from $13, and UBS also nudged its target higher to $14, suggesting analysts see some stabilization after the post-earnings reset. Conagra begins strategic reset with dividend cut and higher reinvestment
• Positive Sentiment: Several reports argue that Conagra’s dividend cut could be constructive because it frees up about $335 million annually for debt reduction and brand investment, which may support a longer-term turnaround. Why Conagra’s dividend cut could be the best thing for investors
• Neutral Sentiment: The company’s Q4 results were mixed: adjusted EPS was roughly in line, but revenue and operating profit missed expectations and management issued a weak annual outlook. Reuters: Conagra forecasts annual profit below estimates
• Neutral Sentiment: Management is emphasizing a margin reset, supply-chain improvements, portfolio simplification, and selective reinvestment, which supports the idea of a turnaround but also highlights that the recovery will take time. Q4 earnings call highlights margin reset and cost focus
• Negative Sentiment: The dividend cut and below-estimate profit outlook signal ongoing pressure on earnings and cash flow, which remains a concern for income-focused investors. Seeking Alpha commentary on Conagra dividend cut

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.