Analysts Set Conagra Brands (NYSE:CAG) Price Target at $19.00

Shares of Conagra Brands (NYSE:CAG) have been assigned an average recommendation of “Reduce” from the seventeen ratings firms that are covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a sell rating, twelve have given a hold rating and one has assigned a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $18.7143.

Several research firms recently weighed in on CAG. Sanford C. Bernstein cut their price target on Conagra Brands from $21.00 to $18.00 and set a “market perform” rating on the stock in a research note on Monday, December 22nd. Jefferies Financial Group cut their target price on Conagra Brands from $19.00 to $18.00 and set a “hold” rating on the stock in a research note on Thursday, December 11th. Morgan Stanley reduced their price target on Conagra Brands from $19.00 to $18.00 and set an “equal weight” rating for the company in a report on Friday. The Goldman Sachs Group dropped their price target on shares of Conagra Brands from $18.00 to $16.00 and set a “sell” rating on the stock in a research note on Monday, November 24th. Finally, Cowen restated a “hold” rating on shares of Conagra Brands in a research note on Monday, December 22nd.

Insider Transactions at Conagra Brands

In other Conagra Brands news, SVP Melissa C. Napier sold 13,011 shares of the 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 sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.57% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Norges Bank bought a new stake in Conagra Brands in the 2nd quarter worth about $172,475,000. Two Sigma Investments LP boosted its holdings in shares of Conagra Brands by 239.6% during the 3rd quarter. Two Sigma Investments LP now owns 8,347,163 shares of the company’s stock valued at $152,837,000 after acquiring an additional 5,889,542 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its stake 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 worth $141,611,000 after acquiring an additional 5,495,503 shares during the period. AQR Capital Management LLC raised its holdings in shares of Conagra Brands by 216.2% during 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 lifted its position in Conagra Brands by 241.9% during the third 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. 83.75% of the stock is owned by institutional investors.

Conagra Brands Price Performance

CAG opened at $16.96 on Thursday. The company has a current ratio of 0.89, a quick ratio of 0.28 and a debt-to-equity ratio of 0.80. The company has a market cap of $8.11 billion, a price-to-earnings ratio of -77.09 and a beta of -0.01. The stock has a fifty day simple moving average of $17.30 and a two-hundred day simple moving average of $18.28. Conagra Brands has a 12-month low of $15.96 and a 12-month high of $28.51.

Conagra Brands (NYSE:CAG) last released its earnings results on Friday, December 19th. The company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.01. The firm had revenue of $2.98 billion for the quarter, compared to the consensus estimate of $3 billion. Conagra Brands had a negative net margin of 0.87% and a positive return on equity of 10.59%. During the same period in the prior year, the firm earned $0.70 EPS. The company’s revenue 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 fiscal year.

Conagra Brands Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 26th. Investors of record on Tuesday, January 27th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Tuesday, January 27th. This represents a $1.40 annualized dividend and a dividend yield of 8.3%. Conagra Brands’s dividend payout ratio (DPR) is -636.36%.

Conagra Brands Company Profile

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.