Conagra Brands (NYSE:CAG) Price Target Raised to $14.00

Conagra Brands (NYSE:CAG) had its price target upped by UBS Group from $13.00 to $14.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the stock. UBS Group’s price target indicates a potential downside of 3.44% from the company’s current price.

A number of other research analysts have also issued reports on the stock. BNP Paribas Exane cut their price target on shares of Conagra Brands from $16.00 to $14.00 and set a “neutral” rating on the stock in a research note on Thursday, May 21st. JPMorgan Chase & Co. cut their target price on Conagra Brands from $17.00 to $14.00 and set a “neutral” rating on the stock in a research report on Friday, June 5th. Stifel Nicolaus decreased their target price on Conagra Brands from $17.00 to $15.00 and set a “hold” rating for the company in a report on Tuesday, April 21st. Morgan Stanley cut their price target on shares of Conagra Brands from $15.00 to $13.00 and set an “equal weight” rating on the stock in a report on Friday, June 5th. Finally, Zacks Research lowered shares of Conagra Brands from a “hold” rating to a “strong sell” rating in a research report on Monday, May 11th. One analyst has rated the stock with a Buy rating, eleven have given a Hold rating and six have issued a Sell rating to the company. According to data from MarketBeat.com, Conagra Brands has an average rating of “Reduce” and a consensus target price of $13.93.

Conagra Brands Stock Up 2.9%

NYSE:CAG traded up $0.41 during mid-day trading on Thursday, hitting $14.50. 7,731,986 shares of the company’s stock traded hands, compared to its average volume of 15,961,839. The company has a fifty day moving average of $13.60 and a 200 day moving average of $15.74. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.30 and a current ratio of 0.90. Conagra Brands has a twelve month low of $12.53 and a twelve month high of $20.32. The company has a market capitalization of $6.94 billion, a P/E ratio of -144.73 and a beta of -0.02.

Conagra Brands (NYSE:CAG) last issued its quarterly earnings results on Wednesday, July 15th. The company reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.01. The business had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.89 billion. Conagra Brands had a positive return on equity of 10.15% and a negative net margin of 0.39%.The company’s revenue was up 3.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.56 earnings per share. Conagra Brands has set its FY 2027 guidance at 1.400-1.500 EPS. On average, analysts forecast that Conagra Brands will post 1.7 EPS for the current year.

Institutional Trading of Conagra Brands

A number of hedge funds have recently modified their holdings of CAG. VIRGINIA RETIREMENT SYSTEMS ET Al boosted its holdings in Conagra Brands by 24.8% in the 4th quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 661,029 shares of the company’s stock valued at $11,442,000 after purchasing an additional 131,287 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of Conagra Brands by 23.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 8,125,901 shares of the company’s stock worth $140,659,000 after purchasing an additional 1,554,725 shares during the last quarter. Leonteq Securities AG purchased a new stake in Conagra Brands in the 4th quarter valued at about $2,415,000. Sound Income Strategies LLC lifted its position in Conagra Brands by 153.4% in the fourth quarter. Sound Income Strategies LLC now owns 406,666 shares of the company’s stock valued at $6,897,000 after buying an additional 246,178 shares during the last quarter. Finally, Marathon Trading Investment Management LLC purchased a new position in Conagra Brands during the fourth quarter worth about $1,367,000. Hedge funds and other institutional investors own 83.75% of the company’s stock.

Conagra Brands News Roundup

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

• Positive Sentiment: Conagra’s dividend cut is freeing up about $335 million a year, which management says will be used to reduce debt, invest in brands, and support a turnaround. Several articles noted that some investors see this as a better long-term setup despite the immediate hit to income-focused holders. Why Conagra’s Dividend Cut Could Be the Best Thing for Investors
• Positive Sentiment: Conagra beat fiscal fourth-quarter EPS expectations and posted revenue growth of 3.6% year over year, which gave the market some evidence that sales are holding up even as margins remain under pressure. Conagra Brands Q4 Earnings Beat Estimates, Sales Rise 3.6% Y/Y
• Positive Sentiment: Management outlined a “margin reset” strategy for fiscal 2027 focused on restoring profitability, improving supply chain execution, and simplifying the portfolio, which could help support earnings recovery over time. CAG Q4 Earnings Call Highlights Margin Reset and Cost Focus
• Neutral Sentiment: Some commentary suggests the stock may be modestly undervalued after the dividend reset, but analysts remain cautious and the market is still digesting the company’s new financial outlook. Conagra Brands (CAG) Could Be 4% Undervalued As Dividend Cut Resets The Outlook
• Neutral Sentiment: Conagra also confirmed a regular quarterly dividend of $0.175 per share, which may help support income-oriented demand, though the payout is much smaller than before. Conagra Brands Announces Quarterly Dividend Payment of $0.175 Per Share
• Negative Sentiment: The company issued FY2027 EPS guidance of 1.40 to 1.50, well below Wall Street’s expectations, signaling that profits could stay under pressure for longer than investors wanted. Conagra reviews non-core assets after slashing dividend, issuing weak outlook
• Negative Sentiment: Conagra also posted a quarterly loss and cut its dividend in half, reinforcing concerns about margin compression, higher costs, and a challenged packaged-food environment. Conagra Swings to Loss, Cuts Dividend Under New CEO

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.