Stifel Nicolaus Cuts Conagra Brands (NYSE:CAG) Price Target to $17.00

Conagra Brands (NYSE:CAG) had its target price cut by Stifel Nicolaus from $19.00 to $17.00 in a research note published on Thursday, MarketBeat.com reports. They currently have a hold rating on the stock.

Several other brokerages have also recently issued reports on CAG. Zacks Research raised Conagra Brands from a “strong sell” rating to a “hold” rating in a report on Friday, February 20th. Royal Bank Of Canada lowered their target price on Conagra Brands from $20.00 to $17.00 and set a “sector perform” rating on the stock in a report on Thursday. Morgan Stanley dropped their price target on Conagra Brands from $19.00 to $17.00 and set an “equal weight” rating for the company in a research report on Thursday. Evercore cut their price target on Conagra Brands from $19.00 to $18.00 in a research note on Thursday. Finally, Wells Fargo & Company decreased their price objective on shares of Conagra Brands from $15.00 to $14.00 and set an “underweight” rating on the stock in a research report on Thursday. Two research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus price target of $16.27.

Conagra Brands Trading Down 0.1%

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

Conagra Brands (NYSE:CAG) last posted its quarterly earnings results on Wednesday, April 1st. The company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.01). The company had revenue of $2.79 billion for 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%. Conagra Brands’s revenue was down 1.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.51 earnings per share. On average, research analysts predict that Conagra Brands will post 2.35 earnings per share for the current fiscal year.

Conagra Brands Announces Dividend

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

Hedge Funds Weigh In On Conagra Brands

Institutional investors have recently made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Conagra Brands by 45.3% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 342,942 shares of the company’s stock valued at $6,485,000 after acquiring an additional 106,891 shares during the last quarter. AE Wealth Management LLC raised its stake in Conagra Brands by 13.7% in the 3rd quarter. AE Wealth Management LLC now owns 720,093 shares of the company’s stock valued at $13,185,000 after purchasing an additional 86,604 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Conagra Brands by 15.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,021,478 shares of the company’s stock valued at $55,323,000 after purchasing an additional 408,597 shares during the last quarter. AIA Group Ltd lifted its holdings in Conagra Brands by 238.9% in the 3rd quarter. AIA Group Ltd now owns 205,954 shares of the company’s stock valued at $3,771,000 after purchasing an additional 145,191 shares in the last quarter. Finally, Alps Advisors Inc. purchased a new position in Conagra Brands in the 3rd quarter valued at about $7,310,000. 83.75% of the stock is owned by institutional investors and hedge funds.

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

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.