Conagra Brands (NYSE:CAG) Receives Consensus Recommendation of “Reduce” from Brokerages

Shares of Conagra Brands (NYSE:CAG) have earned a consensus rating of “Reduce” from the fourteen brokerages that are presently covering the company, Marketbeat reports. Three analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation and one has given a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $21.9167.

A number of brokerages have commented on CAG. Evercore ISI reduced their target price on shares of Conagra Brands from $24.00 to $23.00 and set an “in-line” rating for the company in a report on Wednesday, September 24th. Morgan Stanley boosted their price objective on shares of Conagra Brands from $20.00 to $21.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 24th. Weiss Ratings restated a “sell (d+)” rating on shares of Conagra Brands in a research note on Wednesday, October 8th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $22.00 target price on shares of Conagra Brands in a report on Thursday, October 2nd. Finally, Zacks Research upgraded Conagra Brands from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 2nd.

Conagra Brands Stock Up 2.5%

CAG stock opened at $17.12 on Friday. The company has a market cap of $8.19 billion, a price-to-earnings ratio of 9.72, a P/E/G ratio of 1.65 and a beta of 0.03. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.44 and a current ratio of 1.06. The business’s 50-day moving average is $18.46 and its two-hundred day moving average is $20.22. Conagra Brands has a fifty-two week low of $16.60 and a fifty-two week high of $28.69.

Conagra Brands (NYSE:CAG) last released its quarterly earnings results on Wednesday, October 1st. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.06. Conagra Brands had a return on equity of 11.72% and a net margin of 7.42%.The business had revenue of $2.63 billion during the quarter, compared to the consensus estimate of $2.62 billion. During the same period in the previous year, the company posted $0.53 EPS. The business’s quarterly revenue 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. As a group, analysts forecast that Conagra Brands will post 2.35 earnings per share for the current year.

Conagra Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Thursday, October 30th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 8.2%. The ex-dividend date of this dividend is Thursday, October 30th. Conagra Brands’s payout ratio is presently 79.55%.

Insider Activity

In related news, SVP Melissa C. Napier sold 13,011 shares of the stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $17.19, for a total value of $223,659.09. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.57% of the company’s stock.

Hedge Funds Weigh In On Conagra Brands

A number of hedge funds have recently modified their holdings of CAG. Beacon Investment Advisory Services Inc. raised its position in shares of Conagra Brands by 3.2% during the 1st quarter. Beacon Investment Advisory Services Inc. now owns 14,548 shares of the company’s stock valued at $388,000 after purchasing an additional 450 shares during the period. Hexagon Capital Partners LLC increased its stake in Conagra Brands by 33.6% in the 1st quarter. Hexagon Capital Partners LLC now owns 2,009 shares of the company’s stock worth $54,000 after buying an additional 505 shares in the last quarter. Equitable Trust Co. raised its holdings in Conagra Brands by 1.8% during the first quarter. Equitable Trust Co. now owns 29,927 shares of the company’s stock valued at $798,000 after acquiring an additional 536 shares during the period. Independent Advisor Alliance lifted its position in shares of Conagra Brands by 6.1% in the first quarter. Independent Advisor Alliance now owns 9,327 shares of the company’s stock valued at $249,000 after acquiring an additional 539 shares in the last quarter. Finally, Edmp Inc. lifted 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 valued at $996,000 after acquiring an additional 544 shares in the last quarter. 83.75% of the stock is currently owned by institutional investors.

About Conagra Brands

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.