Conagra Brands (NYSE:CAG) Downgraded by Zacks Research to “Strong Sell”

Conagra Brands (NYSE:CAG) was downgraded by research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued on Tuesday,Zacks.com reports.

A number of other equities research analysts have also recently weighed in on CAG. Wells Fargo & Company dropped their price target on Conagra Brands from $19.00 to $18.00 and set an “equal weight” rating on the stock in a research note on Monday. Wall Street Zen downgraded shares of Conagra Brands from a “hold” rating to a “sell” rating in a report on Saturday, December 27th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Conagra Brands from $19.00 to $18.00 and set a “hold” rating on the stock in a research report on Monday, December 22nd. UBS Group cut their target price on shares of Conagra Brands from $19.00 to $18.00 and set a “neutral” rating for the company in a research note on Tuesday, December 23rd. Finally, JPMorgan Chase & Co. decreased their price target on shares of Conagra Brands from $20.00 to $19.00 and set a “neutral” rating on the stock in a research note on Tuesday, December 16th. One research analyst has rated the stock with a Buy rating, twelve have assigned a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, Conagra Brands presently has an average rating of “Reduce” and an average price target of $19.00.

Conagra Brands Stock Down 4.5%

Shares of CAG stock opened at $16.09 on Tuesday. Conagra Brands has a 52-week low of $16.08 and a 52-week high of $28.51. The stock has a market cap of $7.70 billion, a price-to-earnings ratio of -73.12 and a beta of -0.01. The firm’s 50-day moving average is $17.33 and its 200-day moving average is $18.52. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.28 and a current ratio of 0.89.

Conagra Brands (NYSE:CAG) last posted its quarterly earnings results on Friday, December 19th. The company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.01. The business had revenue of $2.98 billion during the quarter, compared to analysts’ expectations of $3 billion. Conagra Brands had a positive return on equity of 10.59% and a negative net margin of 0.87%.Conagra Brands’s quarterly revenue was down 6.8% on a year-over-year basis. During the same quarter last year, the company posted $0.70 earnings per share. Conagra Brands has set its FY 2026 guidance at 1.700-1.85 EPS. Sell-side analysts predict that Conagra Brands will post 2.35 EPS for the current year.

Insider Buying and Selling

In other Conagra Brands news, SVP Melissa C. Napier sold 13,011 shares of Conagra Brands stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $17.19, for a total value of $223,659.09. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.57% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in CAG. Edmp Inc. increased its position in shares of Conagra Brands by 1.1% in the second quarter. Edmp Inc. now owns 48,675 shares of the company’s stock worth $996,000 after purchasing an additional 544 shares during the period. Vontobel Holding Ltd. grew its stake in Conagra Brands by 1.5% during the second quarter. Vontobel Holding Ltd. now owns 36,171 shares of the company’s stock worth $740,000 after buying an additional 546 shares in the last quarter. Ameriflex Group Inc. increased its holdings in Conagra Brands by 20.3% in the 2nd quarter. Ameriflex Group Inc. now owns 3,327 shares of the company’s stock valued at $68,000 after buying an additional 561 shares during the period. DekaBank Deutsche Girozentrale raised its position in shares of Conagra Brands by 0.3% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 172,140 shares of the company’s stock valued at $3,483,000 after buying an additional 585 shares in the last quarter. Finally, Sutton Place Investors LLC raised its position in shares of Conagra Brands by 1.9% in the 3rd quarter. Sutton Place Investors LLC now owns 31,196 shares of the company’s stock valued at $571,000 after buying an additional 585 shares in the last quarter. 83.75% of the stock is owned by 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.