Brokerages Set Conagra Brands (NYSE:CAG) Target Price at $21.92

Conagra Brands (NYSE:CAG) has been assigned a consensus rating of “Reduce” from the fourteen analysts that are covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a sell recommendation, ten have given a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $21.9167.

A number of research firms have weighed in on CAG. UBS Group dropped their target price on shares of Conagra Brands from $20.00 to $19.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 24th. Stifel Nicolaus dropped their target price on shares of Conagra Brands from $26.00 to $21.00 and set a “hold” rating on the stock in a research note on Friday, July 11th. Evercore ISI dropped their target price on shares of Conagra Brands from $24.00 to $23.00 and set an “in-line” rating on the stock in a research note on Wednesday, September 24th. JPMorgan Chase & Co. began coverage on shares of Conagra Brands in a research note on Wednesday, August 20th. They issued a “neutral” rating and a $20.00 target price on the stock. Finally, Zacks Research upgraded shares of Conagra Brands from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 2nd.

Conagra Brands Stock Down 1.2%

Conagra Brands stock opened at $18.49 on Tuesday. Conagra Brands has a fifty-two week low of $17.89 and a fifty-two week high of $30.47. The stock has a market cap of $8.84 billion, a PE ratio of 10.51, a price-to-earnings-growth ratio of 1.78 and a beta of 0.03. The firm’s 50-day simple moving average is $18.96 and its 200 day simple moving average is $21.40. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.44 and a current ratio of 1.06.

Conagra Brands (NYSE:CAG) last released its quarterly earnings results on Wednesday, October 1st. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.06. Conagra Brands had a net margin of 7.42% and a return on equity of 11.72%. The business had revenue of $2.63 billion for the quarter, compared to analysts’ expectations of $2.62 billion. During the same period in the previous year, the company earned $0.53 earnings per share. The firm’s revenue for the quarter was down 5.8% 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 EPS for the current fiscal year.

Conagra Brands Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Thursday, October 30th will be given a $0.35 dividend. The ex-dividend date of this dividend is Thursday, October 30th. This represents a $1.40 annualized dividend and a dividend yield of 7.6%. Conagra Brands’s payout ratio is 79.55%.

Institutional Trading of Conagra Brands

Several hedge funds and other institutional investors have recently modified their holdings of CAG. Quaker Wealth Management LLC raised its position in shares of Conagra Brands by 202.3% in the second quarter. Quaker Wealth Management LLC now owns 1,227 shares of the company’s stock valued at $25,000 after purchasing an additional 2,427 shares during the period. Alpine Bank Wealth Management bought a new stake in shares of Conagra Brands in the first quarter valued at approximately $26,000. CYBER HORNET ETFs LLC bought a new stake in shares of Conagra Brands in the second quarter valued at approximately $26,000. Capital Advisors Ltd. LLC increased its holdings in Conagra Brands by 82.3% during the 1st quarter. Capital Advisors Ltd. LLC now owns 1,001 shares of the company’s stock worth $27,000 after acquiring an additional 452 shares during the period. Finally, MJT & Associates Financial Advisory Group Inc. bought a new stake in Conagra Brands during the 1st quarter worth approximately $27,000. Institutional investors own 83.75% of the company’s stock.

Conagra Brands Company Profile

Conagra Brands, Inc, together with its subsidiaries, operates as a consumer packaged goods food company primarily in the United States. The company operates through Grocery & Snacks, Refrigerated & Frozen, International, and Foodservice segments. The Grocery & Snacks segment primarily offers shelf stable food products through various retail channels.