Conagra Brands (NYSE:CAG) Issues FY 2026 Earnings Guidance

Conagra Brands (NYSE:CAG) issued an update on its FY 2026 earnings guidance on Thursday morning. The company provided EPS guidance of 1.700-1.700 for the period, compared to the consensus EPS estimate of 1.720. The company issued revenue guidance of -.

Conagra Brands Stock Down 0.4%

Shares of CAG stock traded down $0.06 during trading on Thursday, hitting $15.52. 10,943,584 shares of the company were exchanged, compared to its average volume of 14,410,925. 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 capitalization of $7.43 billion, a price-to-earnings ratio of -155.21 and a beta of 0.04. The business’s 50-day simple moving average is $17.63 and its 200 day simple moving average is $17.65. Conagra Brands has a twelve month low of $15.03 and a twelve month high of $26.33.

Conagra Brands (NYSE:CAG) last posted its quarterly earnings results on Wednesday, April 1st. The company reported $0.39 EPS for the quarter, missing the consensus estimate 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 positive return on equity of 10.15% and a negative net margin of 0.39%.The business’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.51 earnings per share. As a group, analysts forecast that Conagra Brands will post 2.35 EPS for the current fiscal year.

Conagra Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 3rd. Investors of record on Thursday, April 30th will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 9.0%. The ex-dividend date of this dividend is Thursday, April 30th. Conagra Brands’s dividend payout ratio (DPR) is presently -1,400.00%.

Analysts Set New Price Targets

Several brokerages recently weighed in on CAG. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Conagra Brands from $18.00 to $14.00 and set a “hold” rating on the stock in a research report on Monday, March 30th. Zacks Research raised shares of Conagra Brands from a “strong sell” rating to a “hold” rating in a research report on Friday, February 20th. Barclays dropped their price target on shares of Conagra Brands from $21.00 to $18.00 and set an “overweight” rating on the stock in a research report on Thursday, April 2nd. Jefferies Financial Group dropped their price target on shares of Conagra Brands from $16.00 to $15.00 and set a “hold” rating on the stock in a research report on Monday, March 30th. Finally, Sanford C. Bernstein dropped their price target on shares of Conagra Brands from $18.00 to $16.00 and set a “market perform” rating on the stock in a research report on Thursday, April 2nd. One research analyst has rated the stock with a Buy rating, twelve have issued a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus price target of $16.07.

Institutional Investors Weigh In On Conagra Brands

Several hedge funds and other institutional investors have recently modified their holdings of CAG. Two Sigma Investments LP grew its stake in shares of Conagra Brands by 239.6% in the third quarter. Two Sigma Investments LP now owns 8,347,163 shares of the company’s stock worth $152,837,000 after acquiring an additional 5,889,542 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of Conagra Brands by 245.5% in the third quarter. Arrowstreet Capital Limited Partnership now owns 7,734,061 shares of the company’s stock worth $141,611,000 after acquiring an additional 5,495,503 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of Conagra Brands by 216.2% in the third quarter. AQR Capital Management LLC now owns 7,459,654 shares of the company’s stock worth $135,318,000 after acquiring an additional 5,100,424 shares during the last quarter. Qube Research & Technologies Ltd grew its stake in shares of Conagra Brands by 241.9% in the third quarter. Qube Research & Technologies Ltd now owns 5,915,490 shares of the company’s stock worth $108,313,000 after acquiring an additional 4,185,486 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its stake in shares of Conagra Brands by 69.5% in the second quarter. Ameriprise Financial Inc. now owns 10,145,798 shares of the company’s stock worth $207,685,000 after acquiring an additional 4,160,542 shares during the last quarter. Institutional investors and hedge funds own 83.75% of the company’s stock.

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.