Analysts Set Conagra Brands (NYSE:CAG) Target Price at $14.07

Conagra Brands (NYSE:CAG) has been assigned an average recommendation of “Reduce” from the eighteen research firms that are currently covering the firm, Marketbeat Ratings reports. Six research analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has issued a buy rating on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $14.0667.

Several brokerages have recently weighed in on CAG. UBS Group increased their price target on Conagra Brands from $13.00 to $14.00 and gave the company a “neutral” rating in a research note on Thursday, July 16th. Jefferies Financial Group cut their price objective on Conagra Brands from $15.00 to $13.00 and set a “hold” rating on the stock in a research note on Wednesday, May 27th. JPMorgan Chase & Co. upped their target price on Conagra Brands from $14.00 to $15.00 and gave the company a “neutral” rating in a report on Thursday, July 16th. Stifel Nicolaus lowered their price target on shares of Conagra Brands from $17.00 to $15.00 and set a “hold” rating for the company in a report on Tuesday, April 21st. Finally, Zacks Research lowered shares of Conagra Brands from a “hold” rating to a “strong sell” rating in a research note on Monday, May 11th.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. WealthPlan Investment Management LLC boosted its stake in Conagra Brands by 5.3% in the fourth quarter. WealthPlan Investment Management LLC now owns 10,920 shares of the company’s stock valued at $189,000 after acquiring an additional 548 shares during the last quarter. All Terrain Financial Advisors LLC increased its stake in shares of Conagra Brands by 0.3% during the 4th quarter. All Terrain Financial Advisors LLC now owns 176,971 shares of the company’s stock worth $3,063,000 after purchasing an additional 609 shares during the last quarter. Jackson Hole Capital Partners LLC raised its holdings in shares of Conagra Brands by 4.1% in the 4th quarter. Jackson Hole Capital Partners LLC now owns 17,960 shares of the company’s stock worth $311,000 after purchasing an additional 701 shares during the period. Harbour Investments Inc. raised its holdings in shares of Conagra Brands by 80.4% in the 4th quarter. Harbour Investments Inc. now owns 1,573 shares of the company’s stock worth $27,000 after purchasing an additional 701 shares during the period. Finally, Tema ETFs LLC lifted its stake in Conagra Brands by 9.3% in the second quarter. Tema ETFs LLC now owns 8,546 shares of the company’s stock valued at $115,000 after purchasing an additional 725 shares during the last quarter. 83.75% of the stock is owned by institutional investors.

Conagra Brands Stock Performance

Shares of Conagra Brands stock opened at $15.09 on Monday. The company has a quick ratio of 0.31, a current ratio of 0.90 and a debt-to-equity ratio of 1.02. Conagra Brands has a twelve month low of $12.53 and a twelve month high of $20.32. The stock has a market cap of $7.22 billion, a price-to-earnings ratio of -3.77 and a beta of -0.03. The company’s fifty day moving average is $14.01 and its 200 day moving average is $15.48.

Conagra Brands (NYSE:CAG) last announced its earnings results on Wednesday, July 15th. The company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.01. The business had revenue of $2.88 billion during the quarter, compared to analyst estimates of $2.89 billion. Conagra Brands had a positive return on equity of 10.44% and a negative net margin of 16.99%.Conagra Brands’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period last year, the company earned $0.56 EPS. Conagra Brands has set its FY 2027 guidance at 1.400-1.500 EPS. Sell-side analysts forecast that Conagra Brands will post 1.45 EPS for the current year.

Conagra Brands Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Thursday, July 30th will be issued a $0.175 dividend. The ex-dividend date is Thursday, July 30th. This represents a $0.70 annualized dividend and a yield of 4.6%. Conagra Brands’s payout ratio is presently -17.50%.

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.