Conagra Brands (NYSE:CAG) Receives Average Rating of “Reduce” from Analysts

Conagra Brands (NYSE:CAG) has received a consensus recommendation of “Reduce” from the sixteen analysts that are covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a sell recommendation, eleven have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $18.8571.

A number of analysts recently commented 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 on the stock in a research note on Tuesday, December 16th. Evercore cut their price target on Conagra Brands from $22.00 to $19.00 in a report on Friday, January 9th. TD Cowen reiterated a “hold” rating on shares of Conagra Brands in a research report on Monday, December 22nd. Wells Fargo & Company reduced their target price on Conagra Brands from $19.00 to $18.00 and set an “equal weight” rating for the company in a report on Monday, January 5th. Finally, Royal Bank Of Canada lowered their price target on shares of Conagra Brands from $22.00 to $20.00 and set a “sector perform” rating on the stock in a report on Monday, December 22nd.

Conagra Brands Stock Performance

Shares of CAG opened at $19.78 on Monday. The stock has a 50 day moving average of $17.74 and a 200 day moving average of $18.16. The company has a market capitalization of $9.46 billion, a price-to-earnings ratio of -89.89 and a beta of -0.01. Conagra Brands has a 12 month low of $15.96 and a 12 month high of $28.51. The company has a current ratio of 0.89, a quick ratio of 0.28 and a debt-to-equity ratio of 0.80.

Conagra Brands (NYSE:CAG) last released its earnings results on Friday, December 19th. The company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.01. The company had revenue of $2.98 billion for 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 business’s revenue for the quarter was down 6.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.70 EPS. Conagra Brands has set its FY 2026 guidance at 1.700-1.85 EPS. As a group, sell-side analysts forecast that Conagra Brands will post 2.35 earnings per share for the current year.

Conagra Brands Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 26th. Stockholders of record on Tuesday, January 27th will be issued a $0.35 dividend. The ex-dividend date of this dividend is Tuesday, January 27th. This represents a $1.40 annualized dividend and a dividend yield of 7.1%. Conagra Brands’s dividend payout ratio is presently -636.36%.

Institutional Trading of Conagra Brands

A number of large investors have recently modified their holdings of CAG. Quaker Wealth Management LLC raised its stake in Conagra Brands by 202.3% in the second quarter. Quaker Wealth Management LLC now owns 1,227 shares of the company’s stock valued at $25,000 after purchasing an additional 2,427 shares in the last quarter. CYBER HORNET ETFs LLC bought a new stake in shares of Conagra Brands during the 2nd quarter worth $26,000. MUFG Securities EMEA plc bought a new position in Conagra Brands in the second quarter valued at $29,000. Harbour Investments Inc. lifted its stake in Conagra Brands by 80.4% during the fourth quarter. Harbour Investments Inc. now owns 1,573 shares of the company’s stock worth $27,000 after purchasing an additional 701 shares during the last quarter. Finally, True Wealth Design LLC boosted its holdings in shares of Conagra Brands by 844.4% in the 3rd quarter. True Wealth Design LLC now owns 1,596 shares of the company’s stock worth $29,000 after purchasing an additional 1,427 shares in the last quarter. Institutional investors 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.