Conagra Brands (NYSE:CAG) Receives Consensus Recommendation of “Reduce” from Analysts

Conagra Brands (NYSE:CAG) has been assigned a consensus recommendation of “Reduce” from the sixteen ratings firms that are presently covering the company, Marketbeat reports. Four analysts have rated the stock with a sell recommendation, eleven have assigned a hold recommendation and one has given a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $18.7143.

Several equities analysts have recently issued reports on CAG shares. Stifel Nicolaus decreased their price target on Conagra Brands from $21.00 to $19.00 and set a “hold” rating on the stock in a research note on Thursday, December 11th. Sanford C. Bernstein decreased their target price on Conagra Brands from $21.00 to $18.00 and set a “market perform” rating on the stock in a research report on Monday, December 22nd. Zacks Research downgraded Conagra Brands from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 6th. Wall Street Zen downgraded shares of Conagra Brands from a “hold” rating to a “sell” rating in a research note on Saturday, December 27th. Finally, Wells Fargo & Company decreased their price target on shares of Conagra Brands from $19.00 to $18.00 and set an “equal weight” rating on the stock in a report on Monday, January 5th.

Insider Activity at Conagra Brands

In related news, SVP Melissa C. Napier sold 13,011 shares of the firm’s stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $17.19, for a total transaction of $223,659.09. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.57% of the company’s stock.

Hedge Funds Weigh In On Conagra Brands

Several large investors have recently bought and sold shares of CAG. Quaker Wealth Management LLC grew its holdings 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 worth $25,000 after purchasing an additional 2,427 shares during the last quarter. CYBER HORNET ETFs LLC acquired a new stake in Conagra Brands during the 2nd quarter worth approximately $26,000. True Wealth Design LLC increased its position in 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 acquiring an additional 1,427 shares during the period. MUFG Securities EMEA plc acquired a new position in Conagra Brands in the 2nd quarter valued at approximately $29,000. Finally, Spire Wealth Management raised its stake in shares of Conagra Brands by 249.0% during the third quarter. Spire Wealth Management now owns 1,724 shares of the company’s stock valued at $32,000 after acquiring an additional 1,230 shares during the last quarter. 83.75% of the stock is currently owned by institutional investors.

Conagra Brands Price Performance

CAG stock opened at $17.29 on Thursday. The company’s 50-day moving average price is $17.29 and its two-hundred day moving average price is $18.24. The firm has a market cap of $8.27 billion, a P/E ratio of -78.59 and a beta of -0.01. The company has a quick ratio of 0.28, a current ratio of 0.89 and a debt-to-equity ratio of 0.80. Conagra Brands has a 12 month low of $15.96 and a 12 month high of $28.51.

Conagra Brands (NYSE:CAG) last posted its quarterly earnings results 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 negative net margin of 0.87% and a positive return on equity of 10.59%. The business had revenue of $2.98 billion for the quarter, compared to analyst estimates of $3 billion. During the same quarter last year, the business posted $0.70 EPS. The firm’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. On average, analysts anticipate that Conagra Brands will post 2.35 earnings per share for the current fiscal year.

Conagra Brands Dividend Announcement

The business also recently declared 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 is Tuesday, January 27th. This represents a $1.40 annualized dividend and a dividend yield of 8.1%. Conagra Brands’s dividend payout ratio is -636.36%.

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.