Evercore Cuts Conagra Brands (NYSE:CAG) Price Target to $18.00

Conagra Brands (NYSE:CAG) had its price objective cut by Evercore from $19.00 to $18.00 in a report published on Thursday morning,MarketScreener reports.

CAG has been the subject of several other reports. Sanford C. Bernstein lowered their price target on Conagra Brands from $18.00 to $16.00 and set a “market perform” rating for the company in a research report on Thursday. BNP Paribas Exane cut their price objective on Conagra Brands from $22.00 to $19.00 and set an “outperform” rating on the stock in a report on Thursday. JPMorgan Chase & Co. lowered their target price on Conagra Brands from $19.00 to $17.00 and set a “neutral” rating for the company in a report on Friday, March 20th. Barclays dropped their target price on Conagra Brands from $21.00 to $18.00 and set an “overweight” rating for the company in a research report on Thursday. Finally, Morgan Stanley cut their price target on shares of Conagra Brands from $19.00 to $17.00 and set an “equal weight” rating on the stock in a research note on Thursday. Two analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Reduce” and a consensus target price of $16.27.

Conagra Brands Stock Performance

Shares of CAG stock opened at $15.71 on Thursday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.28 and a current ratio of 0.90. The firm has a market cap of $7.51 billion, a P/E ratio of -157.03 and a beta of 0.04. The firm’s 50 day moving average price is $17.77 and its 200-day moving average price is $17.71. Conagra Brands has a one year low of $15.03 and a one year high of $27.68.

Conagra Brands (NYSE:CAG) last posted its earnings results on Wednesday, April 1st. The company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.01). The company had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.76 billion. Conagra Brands had a negative net margin of 0.39% and a positive return on equity of 10.15%. The firm’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same quarter last year, the business posted $0.51 EPS. As a group, equities research analysts predict that Conagra Brands will post 2.35 EPS for the current year.

Conagra Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 3rd. Shareholders of record on Thursday, April 30th will be given a $0.35 dividend. The ex-dividend date of this dividend is Thursday, April 30th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 8.9%. Conagra Brands’s dividend payout ratio is currently -1,400.00%.

Institutional Investors Weigh In On Conagra Brands

Several institutional investors have recently modified their holdings of the company. Hsbc Holdings PLC lifted its position in shares of Conagra Brands by 25.0% during the 4th quarter. Hsbc Holdings PLC now owns 785,989 shares of the company’s stock worth $13,634,000 after purchasing an additional 157,423 shares during the last quarter. World Investment Advisors purchased a new position in Conagra Brands in the fourth quarter valued at $177,000. Alpine Global Management LLC acquired a new stake in Conagra Brands in the fourth quarter valued at $181,000. Virtu Financial LLC raised its stake in Conagra Brands by 149.6% in the fourth quarter. Virtu Financial LLC now owns 59,039 shares of the company’s stock valued at $1,022,000 after buying an additional 35,390 shares in the last quarter. Finally, Sunbelt Securities Inc. lifted its holdings in Conagra Brands by 24.2% during the 4th quarter. Sunbelt Securities Inc. now owns 14,498 shares of the company’s stock worth $251,000 after buying an additional 2,826 shares during the last quarter. 83.75% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Conagra Brands

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

• Positive Sentiment: Management said organic sales growth and volume trends are improving, suggesting demand recovery that could support revenue stabilization going forward. Conagra Returns to Organic Sales Growth
• Positive Sentiment: Some analysts continue constructive views (overweight/outperform ratings remain at a few firms), providing a floor for sentiment if execution improves. Analysts Slash Forecasts After Q3 Results
• Neutral Sentiment: Full prepared remarks and call transcript are available — useful for gauging management’s guidance, cost outlook and planned margin actions but contain mixed signals rather than new catalysts. Earnings Call Prepared Remarks Transcript
• Negative Sentiment: Q3 EPS missed estimates ($0.39 vs. $0.40) and management issued a cautious near-term outlook, raising concerns about margin pressure from inflation and costs. That miss is the primary immediate driver of the share decline. Q3 Earnings Call Transcript (EPS Miss)
• Negative Sentiment: Major brokerages slashed price targets and some downgraded ratings (Goldman, Wells Fargo and multiple peers cut PTs), amplifying selling pressure and lowering the analyst-driven support level for the stock. These Analysts Slash Their Forecasts
• Negative Sentiment: Investor governance/ transparency flag: commentary that no insiders set trading plans has raised questions about management confidence and disclosure practices, a potential sentiment headwind for some holders. Insider Trading Plans and Transparency Concerns

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.