Conagra Brands (NYSE:CAG) Issues FY 2027 Earnings Guidance

Conagra Brands (NYSE:CAG) updated its FY 2027 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 1.400-1.500 for the period, compared to the consensus estimate of 1.610. The company issued revenue guidance of -.

Analyst Ratings Changes

A number of research analysts recently issued reports on CAG shares. Stifel Nicolaus dropped their target price on shares of Conagra Brands from $17.00 to $15.00 and set a “hold” rating on the stock in a research report on Tuesday, April 21st. Evercore decreased their price target on shares of Conagra Brands from $18.00 to $13.00 in a research note on Wednesday, June 10th. Zacks Research lowered shares of Conagra Brands from a “hold” rating to a “strong sell” rating in a report on Monday, May 11th. Barclays cut their price objective on shares of Conagra Brands from $18.00 to $16.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 8th. Finally, Weiss Ratings lowered Conagra Brands from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, June 25th. One investment analyst has rated the stock with a Buy rating, eleven have assigned a Hold rating and six have assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Reduce” and a consensus target price of $14.00.

Conagra Brands Stock Down 0.1%

CAG stock opened at $14.14 on Thursday. The firm has a market capitalization of $6.76 billion, a PE ratio of -141.35 and a beta of -0.02. The company has a quick ratio of 0.30, a current ratio of 0.90 and a debt-to-equity ratio of 0.79. Conagra Brands has a twelve month low of $12.53 and a twelve month high of $20.32. The stock’s 50 day moving average is $13.60 and its 200-day moving average is $15.74.

Conagra Brands (NYSE:CAG) last announced its quarterly earnings results on Wednesday, July 15th. The company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.01. The business had revenue of $2.88 billion during the quarter, compared to the consensus estimate of $2.89 billion. Conagra Brands had a positive return on equity of 10.15% and a negative net margin of 0.39%.Conagra Brands’s revenue was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.56 earnings per share. Conagra Brands has set its FY 2027 guidance at 1.400-1.500 EPS. Sell-side analysts expect that Conagra Brands will post 1.7 EPS for the current fiscal year.

Conagra Brands Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Thursday, July 30th will be paid a $0.175 dividend. The ex-dividend date is Thursday, July 30th. This represents a $0.70 annualized dividend and a dividend yield of 5.0%. Conagra Brands’s dividend payout ratio is presently -1,400.00%.

Key Headlines Impacting Conagra Brands

Here are the key news stories impacting Conagra Brands this week:

• Positive Sentiment: Conagra beat quarterly EPS estimates and delivered revenue growth of 3.6% year over year, showing the business is still generating sales momentum. Conagra Brands (CAG) Q4 Earnings and Revenues Top Estimates
• Positive Sentiment: Management said it will focus on margin improvement, operational simplification, and review of non-core assets, which could support a longer-term turnaround. Conagra’s ‘Show-Me’ CEO Says Every Product Needs to Earn Its Keep
• Neutral Sentiment: The board declared a quarterly dividend of $0.175 per share, payable September 2, maintaining a long dividend history even after the reset. Conagra Brands Announces Quarterly Dividend Payment of $0.175 Per Share
• Negative Sentiment: Conagra cut its dividend in half and issued FY2027 EPS guidance below analyst expectations, raising concerns about near-term earnings power. Conagra reviews non-core assets after slashing dividend, issuing weak outlook
• Negative Sentiment: Margin pressure, inflation, and cautious consumer spending suggest profitability could remain under pressure in the near term. Conagra Brands Earnings Call: Cash Reset Amid Margin Strain

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CAG. Two Sigma Investments LP increased its stake in Conagra Brands by 239.6% in the 3rd quarter. Two Sigma Investments LP now owns 8,347,163 shares of the company’s stock valued at $152,837,000 after buying an additional 5,889,542 shares during the last quarter. Arrowstreet Capital Limited Partnership grew 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 acquiring an additional 5,495,503 shares in the last quarter. AQR Capital Management LLC lifted its holdings in Conagra Brands by 216.2% during the third quarter. AQR Capital Management LLC now owns 7,459,654 shares of the company’s stock worth $135,318,000 after acquiring an additional 5,100,424 shares during the period. Qube Research & Technologies Ltd grew its stake in Conagra Brands by 241.9% in the 3rd quarter. Qube Research & Technologies Ltd now owns 5,915,490 shares of the company’s stock valued at $108,313,000 after purchasing an additional 4,185,486 shares during the period. Finally, Ameriprise Financial Inc. increased its position in shares of Conagra Brands by 69.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 10,145,798 shares of the company’s stock valued at $207,685,000 after purchasing an additional 4,160,542 shares during the last quarter. 83.75% of the stock is currently owned by hedge funds and other institutional investors.

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.