Conagra Brands (NYSE:CAG) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Conagra Brands (NYSE:CAG) from a sell rating to a hold rating in a report issued on Saturday.

A number of other equities analysts have also recently commented on the stock. UBS Group reaffirmed a “neutral” rating and set a $20.00 price target on shares of Conagra Brands in a research note on Friday, February 13th. TD Cowen restated a “hold” rating on shares of Conagra Brands in a report on Monday, December 22nd. Bank of America reduced their price objective on Conagra Brands from $18.00 to $17.00 and set an “underperform” rating on the stock in a report on Monday, December 22nd. Sanford C. Bernstein lowered their price target on shares of Conagra Brands from $21.00 to $18.00 and set a “market perform” rating for the company in a research report on Monday, December 22nd. Finally, Stifel Nicolaus cut their price objective on shares of Conagra Brands from $21.00 to $19.00 and set a “hold” rating on the stock in a research report on Thursday, December 11th. One investment analyst has rated the stock with a Buy rating, eleven have given a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, Conagra Brands has an average rating of “Reduce” and a consensus target price of $19.07.

Conagra Brands Trading Up 2.2%

Shares of CAG stock opened at $18.87 on Friday. The company has a market cap of $9.03 billion, a PE ratio of -85.77 and a beta of -0.01. Conagra Brands has a 1 year low of $15.96 and a 1 year high of $28.51. The stock’s 50 day simple moving average is $17.91 and its two-hundred day simple moving average is $18.17. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.89 and a quick ratio of 0.28.

Conagra Brands (NYSE:CAG) last released its earnings results on Friday, December 19th. The company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.01. Conagra Brands had a positive return on equity of 10.59% and a negative net margin of 0.87%.The firm had revenue of $2.98 billion for the quarter, compared to the consensus estimate of $3 billion. During the same quarter in the previous year, the company posted $0.70 EPS. The company’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. Research analysts predict that Conagra Brands will post 2.35 earnings per share for the current year.

Conagra Brands Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 26th. Investors of record on Tuesday, January 27th will be paid a $0.35 dividend. The ex-dividend date is Tuesday, January 27th. This represents a $1.40 dividend on an annualized basis and a yield of 7.4%. Conagra Brands’s dividend payout ratio (DPR) is -636.36%.

Hedge Funds Weigh In On Conagra Brands

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Quaker Wealth Management LLC grew its position in Conagra Brands by 202.3% during the 2nd 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 period. CYBER HORNET ETFs LLC acquired a new stake in Conagra Brands during the second quarter worth about $26,000. Harbour Investments Inc. raised its position in Conagra Brands by 80.4% during the fourth quarter. Harbour Investments Inc. now owns 1,573 shares of the company’s stock valued at $27,000 after acquiring an additional 701 shares in the last quarter. True Wealth Design LLC lifted its holdings in Conagra Brands by 844.4% in the third 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. Finally, MUFG Securities EMEA plc purchased a new stake in Conagra Brands in the 2nd quarter worth approximately $29,000. Institutional investors and hedge funds own 83.75% of the company’s stock.

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.