Conagra Brands (NYSE:CAG) Cut to Underweight at Wells Fargo & Company

Conagra Brands (NYSE:CAG) was downgraded by Wells Fargo & Company from an “equal weight” rating to an “underweight” rating in a report issued on Thursday. They currently have a $15.00 target price on the stock. Wells Fargo & Company‘s target price would indicate a potential downside of 11.74% from the company’s previous close.

Several other research analysts have also issued reports on CAG. The Goldman Sachs Group cut their target price on shares of Conagra Brands from $18.00 to $16.00 and set a “sell” rating on the stock in a research note on Monday, November 24th. Morgan Stanley reiterated an “overweight” rating on shares of Conagra Brands in a report on Wednesday, February 18th. Evercore cut their price objective on shares of Conagra Brands from $22.00 to $19.00 in a research report on Friday, January 9th. Bank of America decreased their target price on Conagra Brands from $18.00 to $17.00 and set an “underperform” rating for the company in a research report on Monday, December 22nd. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Conagra Brands from $19.00 to $18.00 and set a “hold” rating on the stock in a research note on Monday, December 22nd. One investment analyst has rated the stock with a Buy rating, eleven have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus target price of $18.71.

Conagra Brands Stock Performance

CAG stock opened at $17.00 on Thursday. The firm has a market cap of $8.13 billion, a PE ratio of -77.25 and a beta of -0.02. The company has a current ratio of 0.89, a quick ratio of 0.28 and a debt-to-equity ratio of 0.80. The stock has a 50-day moving average price of $18.23 and a 200-day moving average price of $18.12. Conagra Brands has a 1-year low of $15.96 and a 1-year high of $27.68.

Conagra Brands (NYSE:CAG) last released its earnings results on Friday, December 19th. The company reported $0.45 EPS for the quarter, topping the consensus estimate 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%.The firm’s revenue was down 6.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.70 earnings per share. Conagra Brands has set its FY 2026 guidance at 1.700-1.85 EPS. As a group, equities research analysts expect that Conagra Brands will post 2.35 earnings per share for the current year.

Institutional Investors Weigh In On Conagra Brands

Several hedge funds and other institutional investors have recently made changes to their positions in CAG. Vanguard Group Inc. boosted its stake in Conagra Brands by 1.6% during the 2nd quarter. Vanguard Group Inc. now owns 61,369,876 shares of the company’s stock valued at $1,256,241,000 after purchasing an additional 966,031 shares during the last quarter. State Street Corp raised its stake in shares of Conagra Brands by 2.3% in the second quarter. State Street Corp now owns 26,202,392 shares of the company’s stock worth $536,363,000 after purchasing an additional 588,435 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Conagra Brands by 13.3% in the fourth quarter. Invesco Ltd. now owns 17,667,780 shares of the company’s stock valued at $305,829,000 after purchasing an additional 2,079,903 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Conagra Brands by 20.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 17,622,165 shares of the company’s stock valued at $305,044,000 after purchasing an additional 2,948,081 shares in the last quarter. Finally, Morgan Stanley boosted its position in shares of Conagra Brands by 18.5% during the fourth quarter. Morgan Stanley now owns 15,229,557 shares of the company’s stock valued at $263,624,000 after buying an additional 2,376,823 shares during the last quarter. 83.75% of the stock is owned by institutional investors.

More Conagra Brands News

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

• Positive Sentiment: Conagra announced a major expansion of its Fayetteville, AR production facility — a roughly $220M investment over several years that increases capacity and could support volume and margin recovery over time. Conagra Brands Announces $220M Expansion of Arkansas Production Facility
• Positive Sentiment: Value-oriented research (Zacks) argues the shares may be undervalued based on earnings-estimate trends, which could attract bargain hunters if sentiment stabilizes. Are Investors Undervaluing Conagra Brands (CAG) Right Now?
• Neutral Sentiment: Analysis pieces ask whether the Fayetteville investment changes Conagra’s narrative from cost-cutting/margin focus to growth-capex — outcome is uncertain and will depend on execution and near-term margin impact. Does Conagra Brands’ (CAG) Fayetteville Bet Reframe Its Margin-Focused Investment Narrative?
• Neutral Sentiment: Broader food-sector weakness (Campbell’s disappointing results) has pressured peers, pulling Conagra lower as investors de-risk consumer staples exposure tied to soft volume trends. Why Are Conagra Brands Shares Sliding On Wednesday?
• Negative Sentiment: Goldman Sachs cut its price target to $16 and kept a Sell rating; fresh sell-side pressure and earlier impairment charges have kept focus on slowing volumes and profit headwinds ahead of April results. Conagra Brands slides as fresh sell-side cut pressures sentiment ahead of next earnings
• Negative Sentiment: Coverage and headlines explicitly point to why CAG is falling today, reinforcing bearish sentiment and prompting short-term selling. Why Conagra (CAG) Stock Is Falling Today
• Negative Sentiment: Unusual options activity: ~13,957 put contracts were bought (≈35% above typical put volume), suggesting hedging or bearish bets that amplify downward pressure.

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.