Conagra Brands (NYSE:CAG – Get Free Report) had its price objective reduced by investment analysts at Wells Fargo & Company from $15.00 to $14.00 in a report released on Thursday,MarketScreener reports. The firm presently has an “underweight” rating on the stock. Wells Fargo & Company‘s target price would indicate a potential downside of 9.88% from the stock’s previous close.
Several other research analysts have also recently commented on CAG. BNP Paribas Exane reduced their price target on Conagra Brands from $22.00 to $19.00 and set an “outperform” rating for the company in a research report on Thursday. The Goldman Sachs Group lowered their price target on Conagra Brands from $17.00 to $15.00 and set a “sell” rating on the stock in a research report on Thursday. Evercore dropped their price objective on Conagra Brands from $22.00 to $19.00 in a research note on Friday, January 9th. Barclays decreased their target price on shares of Conagra Brands from $21.00 to $18.00 and set an “overweight” rating for the company in a research note on Thursday. Finally, Sanford C. Bernstein lowered their target price on shares of Conagra Brands from $18.00 to $16.00 and set a “market perform” rating on the stock in a report on Thursday. Two equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Reduce” and an average price target of $16.53.
Check Out Our Latest Stock Report on Conagra Brands
Conagra Brands Stock Down 1.2%
Conagra Brands (NYSE:CAG – Get Free Report) last posted its quarterly earnings data on Wednesday, April 1st. The company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.01). The business had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.76 billion. Conagra Brands had a positive return on equity of 10.59% and a negative net margin of 0.87%.The company’s quarterly revenue was down 1.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.51 earnings per share. On average, equities analysts predict that Conagra Brands will post 2.35 EPS for the current fiscal year.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the business. Norges Bank bought a new stake in Conagra Brands in the 4th quarter valued at $145,656,000. Two Sigma Investments LP boosted its position in Conagra Brands by 239.6% during the third quarter. Two Sigma Investments LP now owns 8,347,163 shares of the company’s stock worth $152,837,000 after purchasing an additional 5,889,542 shares during the period. Arrowstreet Capital Limited Partnership increased its holdings in shares of Conagra Brands by 245.5% in the third quarter. Arrowstreet Capital Limited Partnership now owns 7,734,061 shares of the company’s stock valued at $141,611,000 after purchasing an additional 5,495,503 shares during the last quarter. AQR Capital Management LLC grew its position in shares of Conagra Brands by 216.2% in the third quarter. AQR Capital Management LLC now owns 7,459,654 shares of the company’s stock valued at $135,318,000 after purchasing an additional 5,100,424 shares during the last quarter. Finally, Qube Research & Technologies Ltd increased its stake in shares of Conagra Brands by 241.9% during the third quarter. Qube Research & Technologies Ltd now owns 5,915,490 shares of the company’s stock worth $108,313,000 after purchasing an additional 4,185,486 shares during the period. 83.75% of the stock is owned by institutional investors and hedge funds.
Key Stories Impacting Conagra Brands
Here are the key news stories impacting Conagra Brands this week:
- Positive Sentiment: Revenue slightly beat estimates and the company reported organic sales growth driven by stronger frozen and snacks volumes, evidence that core categories remain resilient. Conagra Q3 Earnings Miss Estimates Despite Organic Sales Growth
- Positive Sentiment: Management highlighted volume growth and category strength on the earnings call, helping some investors see a path to margin recovery if inflation eases. Conagra Brands Inc (CAG) Q3 2026 Earnings Call Highlights: Strong Volume Growth Amid Inflation …
- Neutral Sentiment: Market commentators and value investors point to a high dividend yield (~9% reported) and technical support at recent lows, which can stabilize the stock despite fundamental headwinds. 3 Signs Now is a Good Time to Buy Conagra Stock
- Negative Sentiment: EPS missed consensus ($0.39 vs $0.40) and margins contracted year‑over‑year, raising near‑term profitability concerns. Conagra Q3 earnings report summary
- Negative Sentiment: Management narrowed and lowered its full‑year profit guidance, citing rising costs — a primary driver of the stock weakness. Conagra Brands expects weak annual profit on rising costs
- Negative Sentiment: Analysts adjusted expectations: Jefferies cut its price target to $15 and several boutiques signaled caution, keeping downward pressure on sentiment. Jefferies adjusts price target on Conagra Brands to $15
- Negative Sentiment: Coverage pieces note broad analyst skepticism relative to peers and some price targets below the stock, amplifying selling pressure after mixed results. What Wall Street Expects From These 3 Food Giants After Mixed Earnings
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.
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