Conagra Brands (NYSE:CAG) Posts Earnings Results, Misses Estimates By $1.83 EPS

Conagra Brands (NYSE:CAG) announced its quarterly earnings data on Friday. The company reported ($1.39) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($1.83), FiscalAI reports. Conagra Brands had a net margin of 7.42% and a return on equity of 11.72%. The business had revenue of $2.98 billion during the quarter, compared to analyst estimates of $3 billion. Conagra Brands updated its FY 2026 guidance to 1.700-1.85 EPS.

Conagra Brands Stock Down 0.7%

Shares of NYSE CAG opened at $17.80 on Friday. Conagra Brands has a 12-month low of $16.60 and a 12-month high of $28.51. The firm’s 50-day simple moving average is $17.68 and its 200 day simple moving average is $19.02. The company has a quick ratio of 0.44, a current ratio of 1.06 and a debt-to-equity ratio of 0.81. The company has a market cap of $8.51 billion, a price-to-earnings ratio of 10.11 and a beta of -0.01.

Conagra Brands Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 26th. Investors of record on Tuesday, January 27th will be given a dividend of $0.35 per share. The ex-dividend date is Tuesday, January 27th. This represents a $1.40 annualized dividend and a yield of 7.9%. Conagra Brands’s dividend payout ratio is 79.55%.

Analysts Set New Price Targets

Several research analysts recently issued reports on CAG shares. JPMorgan Chase & Co. dropped their price target on shares of Conagra Brands from $20.00 to $19.00 and set a “neutral” rating for the company in a research report on Tuesday. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $22.00 price objective on shares of Conagra Brands in a research note on Thursday, October 2nd. Weiss Ratings reissued a “sell (d+)” rating on shares of Conagra Brands in a report on Wednesday, October 8th. Wells Fargo & Company decreased their price target on Conagra Brands from $20.00 to $19.00 and set an “equal weight” rating on the stock in a research note on Friday, December 12th. Finally, The Goldman Sachs Group dropped their price objective on Conagra Brands from $18.00 to $16.00 and set a “sell” rating for the company in a research note on Monday, November 24th. One research analyst has rated the stock with a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Conagra Brands currently has an average rating of “Reduce” and a consensus target price of $20.25.

Insider Buying and Selling at Conagra Brands

In other Conagra Brands news, SVP Melissa C. Napier sold 13,011 shares of the business’s stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $17.19, for a total value of $223,659.09. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.57% of the company’s stock.

Institutional Trading of Conagra Brands

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Two Sigma Investments LP grew its position in shares of Conagra Brands by 239.6% during the 3rd quarter. Two Sigma Investments LP now owns 8,347,163 shares of the company’s stock worth $152,837,000 after buying an additional 5,889,542 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in Conagra Brands by 245.5% in the third quarter. Arrowstreet Capital Limited Partnership now owns 7,734,061 shares of the company’s stock valued at $141,611,000 after buying an additional 5,495,503 shares during the period. AQR Capital Management LLC boosted its stake in Conagra Brands by 216.2% in the third quarter. AQR Capital Management LLC now owns 7,459,654 shares of the company’s stock valued at $135,318,000 after acquiring an additional 5,100,424 shares during the last quarter. Qube Research & Technologies Ltd grew its holdings in Conagra Brands by 241.9% during the 3rd 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 period. Finally, Ameriprise Financial Inc. grew its holdings in Conagra Brands by 69.5% during the 2nd 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 period. Institutional investors and hedge funds own 83.75% of the company’s stock.

Conagra Brands Company Profile

Conagra Brands, Inc, together with its subsidiaries, operates as a consumer packaged goods food company primarily in the United States. The company operates through Grocery & Snacks, Refrigerated & Frozen, International, and Foodservice segments. The Grocery & Snacks segment primarily offers shelf stable food products through various retail channels.