Conagra Brands (NYSE:CAG) Price Target Raised to $17.00

Conagra Brands (NYSE:CAG) had its target price hoisted by Barclays from $16.00 to $17.00 in a research note released on Friday morning,Benzinga reports. The brokerage currently has an overweight rating on the stock.

Several other analysts also recently issued reports on the company. Weiss Ratings downgraded Conagra Brands from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, June 25th. TD Cowen lowered their price objective on Conagra Brands from $18.00 to $14.00 and set a “hold” rating on the stock in a research report on Wednesday, March 25th. Wells Fargo & Company dropped their target price on Conagra Brands from $14.00 to $13.00 and set an “underweight” rating for the company in a report on Monday, May 18th. BTIG Research began coverage on shares of Conagra Brands in a research report on Monday, April 13th. They issued a “neutral” rating for the company. Finally, Evercore reduced their target price on shares of Conagra Brands from $18.00 to $13.00 in a research report on Wednesday, June 10th. One equities research analyst has rated the stock with a Buy rating, eleven have issued a Hold rating and six have assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Reduce” and an average target price of $14.07.

Conagra Brands Trading Up 0.1%

Shares of NYSE:CAG opened at $14.29 on Friday. Conagra Brands has a 12-month low of $12.53 and a 12-month high of $20.32. The stock has a market cap of $6.84 billion, a PE ratio of -3.57 and a beta of -0.02. The business has a 50 day moving average of $13.61 and a 200-day moving average of $15.70. The company has a quick ratio of 0.31, a current ratio of 0.90 and a debt-to-equity ratio of 1.02.

Conagra Brands (NYSE:CAG) last posted its earnings results on Wednesday, July 15th. The company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.46 by $0.01. The company had revenue of $2.88 billion for the quarter, compared to the consensus estimate of $2.89 billion. Conagra Brands had a positive return on equity of 10.44% and a negative net margin of 16.99%.The firm’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.56 earnings per share. Conagra Brands has set its FY 2027 guidance at 1.400-1.500 EPS. As a group, equities research analysts forecast that Conagra Brands will post 1.45 earnings per share for the current year.

Conagra Brands Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Thursday, July 30th will be given a dividend of $0.175 per share. The ex-dividend date of this dividend is Thursday, July 30th. This represents a $0.70 dividend on an annualized basis and a yield of 4.9%. Conagra Brands’s dividend payout ratio is currently -35.00%.

Hedge Funds Weigh In On Conagra Brands

A number of hedge funds have recently added to or reduced their stakes in CAG. NewEdge Advisors LLC raised its holdings in Conagra Brands by 4.2% in the 1st quarter. NewEdge Advisors LLC now owns 23,541 shares of the company’s stock valued at $628,000 after acquiring an additional 954 shares in the last quarter. United Services Automobile Association acquired a new stake in shares of Conagra Brands during the 1st quarter worth $225,000. Empowered Funds LLC grew its holdings in shares of Conagra Brands by 5.9% during the 1st quarter. Empowered Funds LLC now owns 36,356 shares of the company’s stock worth $970,000 after purchasing an additional 2,038 shares in the last quarter. Woodline Partners LP increased its position in shares of Conagra Brands by 40.7% in the first quarter. Woodline Partners LP now owns 40,326 shares of the company’s stock worth $1,075,000 after purchasing an additional 11,664 shares during the period. Finally, Gamco Investors INC. ET AL increased its position in shares of Conagra Brands by 3.9% in the second quarter. Gamco Investors INC. ET AL now owns 50,450 shares of the company’s stock worth $1,033,000 after purchasing an additional 1,900 shares during the period. Institutional investors own 83.75% of the company’s stock.

Trending Headlines about Conagra Brands

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

• Positive Sentiment: Barclays raised its price target on Conagra Brands to $17 from $16 and kept an overweight rating, implying meaningful upside from current levels. Barclays raises Conagra price target
• Positive Sentiment: Jefferies reiterated a Hold rating but lifted its target to $14 from $13, and UBS also nudged its target higher to $14, suggesting analysts see some stabilization after the post-earnings reset. Conagra begins strategic reset with dividend cut and higher reinvestment
• Positive Sentiment: Several reports argue that Conagra’s dividend cut could be constructive because it frees up about $335 million annually for debt reduction and brand investment, which may support a longer-term turnaround. Why Conagra’s dividend cut could be the best thing for investors
• Neutral Sentiment: The company’s Q4 results were mixed: adjusted EPS was roughly in line, but revenue and operating profit missed expectations and management issued a weak annual outlook. Reuters: Conagra forecasts annual profit below estimates
• Neutral Sentiment: Management is emphasizing a margin reset, supply-chain improvements, portfolio simplification, and selective reinvestment, which supports the idea of a turnaround but also highlights that the recovery will take time. Q4 earnings call highlights margin reset and cost focus
• Negative Sentiment: The dividend cut and below-estimate profit outlook signal ongoing pressure on earnings and cash flow, which remains a concern for income-focused investors. Seeking Alpha commentary on Conagra dividend cut

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.