Sanford C. Bernstein Cuts Conagra Brands (NYSE:CAG) Price Target to $16.00

Conagra Brands (NYSE:CAG) had its price objective lowered by equities researchers at Sanford C. Bernstein from $18.00 to $16.00 in a research note issued on Thursday,MarketScreener reports. The firm currently has a “market perform” rating on the stock. Sanford C. Bernstein’s price target suggests a potential upside of 2.99% from the company’s current price.

A number of other equities analysts have also recently weighed in on the company. TD Cowen cut their price target on Conagra Brands from $18.00 to $14.00 and set a “hold” rating for the company in a report on Wednesday, March 25th. Evercore decreased their price objective on Conagra Brands from $22.00 to $19.00 in a research note on Friday, January 9th. Wells Fargo & Company reiterated an “underweight” rating and set a $15.00 price objective (down from $20.00) on shares of Conagra Brands in a research report on Thursday, March 12th. Morgan Stanley reduced their target price on shares of Conagra Brands from $19.00 to $17.00 and set an “equal weight” rating on the stock in a report on Thursday. Finally, Bank of America decreased their price target on shares of Conagra Brands from $18.00 to $17.00 and set an “underperform” rating on the stock in a research note on Monday, December 22nd. Two analysts have rated the stock with a Buy rating, eleven have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Conagra Brands currently has a consensus rating of “Reduce” and a consensus target price of $16.53.

Conagra Brands Trading Down 1.2%

Shares of CAG opened at $15.54 on Thursday. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.89 and a quick ratio of 0.28. Conagra Brands has a 1-year low of $15.03 and a 1-year high of $27.68. The stock has a market cap of $7.43 billion, a price-to-earnings ratio of -70.61 and a beta of 0.04. The firm has a 50 day simple moving average of $17.84 and a 200-day simple moving average of $17.76.

Conagra Brands (NYSE:CAG) last posted its earnings results on Wednesday, April 1st. The company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.01). The company had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $2.76 billion. Conagra Brands had a negative net margin of 0.87% and a positive return on equity of 10.59%. Conagra Brands’s quarterly revenue was down 1.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.51 EPS. Equities analysts forecast that Conagra Brands will post 2.35 EPS for the current fiscal year.

Hedge Funds Weigh In On Conagra Brands

Several institutional investors have recently added to or reduced their stakes in CAG. State Street Corp lifted its position in Conagra Brands by 2.3% during the second quarter. State Street Corp now owns 26,202,392 shares of the company’s stock worth $536,363,000 after buying an additional 588,435 shares during the period. Invesco Ltd. boosted its stake in Conagra Brands by 13.3% in the 4th quarter. Invesco Ltd. now owns 17,667,780 shares of the company’s stock worth $305,829,000 after buying an additional 2,079,903 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Conagra Brands by 20.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 17,622,165 shares of the company’s stock valued at $305,044,000 after buying an additional 2,948,081 shares during the period. Morgan Stanley grew its holdings in Conagra Brands by 18.5% in the 4th quarter. Morgan Stanley now owns 15,229,557 shares of the company’s stock valued at $263,624,000 after buying an additional 2,376,823 shares during the period. Finally, Ameriprise Financial Inc. increased its stake in shares of Conagra Brands by 19.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 12,130,671 shares of the company’s stock valued at $222,113,000 after acquiring an additional 1,984,873 shares during the last quarter. 83.75% of the stock is currently owned by institutional investors and hedge funds.

Key Conagra Brands News

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

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.