Conagra Brands (NYSE:CAG) Reaches New 12-Month Low – What’s Next?

Conagra Brands (NYSE:CAG)’s share price reached a new 52-week low on Wednesday . The stock traded as low as $15.87 and last traded at $15.9250, with a volume of 1468359 shares. The stock had previously closed at $16.19.

Wall Street Analyst Weigh In

Several research firms have weighed in on CAG. UBS Group reiterated a “neutral” rating and issued a $20.00 target price on shares of Conagra Brands in a report on Friday, February 13th. Wells Fargo & Company reissued an “underweight” rating and issued a $15.00 price target (down from $20.00) on shares of Conagra Brands in a report on Thursday, March 12th. Sanford C. Bernstein lowered their price objective on shares of Conagra Brands from $21.00 to $18.00 and set a “market perform” rating for the company in a research report on Monday, December 22nd. Jefferies Financial Group dropped their price objective on Conagra Brands from $19.00 to $18.00 and set a “hold” rating on the stock in a research note on Thursday, December 11th. Finally, Stifel Nicolaus reduced their target price on Conagra Brands from $21.00 to $19.00 and set a “hold” rating on the stock in a report on Thursday, December 11th. One equities research analyst has rated the stock with a Buy rating, eleven have assigned a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average price target of $18.71.

Conagra Brands Price Performance

The company’s fifty day moving average price is $18.15 and its two-hundred day moving average price is $18.04. The company has a quick ratio of 0.28, a current ratio of 0.89 and a debt-to-equity ratio of 0.80. The company has a market cap of $7.59 billion, a price-to-earnings ratio of -72.16 and a beta of -0.02.

Conagra Brands (NYSE:CAG) last issued its quarterly earnings data on Friday, December 19th. The company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.01. The business had revenue of $2.98 billion for the quarter, compared to analyst estimates of $3 billion. Conagra Brands had a negative net margin of 0.87% and a positive return on equity of 10.59%. The firm’s quarterly revenue was down 6.8% on a year-over-year basis. During the same period last year, the business posted $0.70 earnings per share. Conagra Brands has set its FY 2026 guidance at 1.700-1.85 EPS. On average, equities research analysts forecast that Conagra Brands will post 2.35 EPS for the current fiscal year.

Conagra Brands Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, February 26th. Shareholders of record on Tuesday, January 27th were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Tuesday, January 27th. This represents a $1.40 dividend on an annualized basis and a yield of 8.8%. Conagra Brands’s dividend payout ratio is -636.36%.

Institutional Trading of Conagra Brands

A number of institutional investors have recently made changes to their positions in CAG. CYBER HORNET ETFs LLC acquired a new stake in Conagra Brands in the 2nd quarter valued at $26,000. Harbour Investments Inc. boosted its stake in shares of Conagra Brands by 80.4% during the 4th quarter. Harbour Investments Inc. now owns 1,573 shares of the company’s stock worth $27,000 after buying an additional 701 shares during the last quarter. True Wealth Design LLC boosted its stake in shares of Conagra Brands by 844.4% during the 3rd quarter. True Wealth Design LLC now owns 1,596 shares of the company’s stock worth $29,000 after buying an additional 1,427 shares during the last quarter. MUFG Securities EMEA plc bought a new position in shares of Conagra Brands in the 2nd quarter valued at about $29,000. Finally, Spire Wealth Management increased its position in shares of Conagra Brands by 249.0% in the third quarter. Spire Wealth Management now owns 1,724 shares of the company’s stock valued at $32,000 after acquiring an additional 1,230 shares during the last quarter. Institutional investors own 83.75% of the company’s stock.

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.