FY2026 EPS Estimates for Conagra Brands Increased by Analyst

Conagra Brands (NYSE:CAG) – Stock analysts at Zacks Research upped their FY2026 EPS estimates for shares of Conagra Brands in a research note issued on Tuesday, October 14th. Zacks Research analyst Team now expects that the company will earn $1.75 per share for the year, up from their previous forecast of $1.74. Zacks Research has a “Hold” rating on the stock. The consensus estimate for Conagra Brands’ current full-year earnings is $2.35 per share. Zacks Research also issued estimates for Conagra Brands’ Q1 2027 earnings at $0.40 EPS.

Conagra Brands (NYSE:CAG) last issued its quarterly earnings results on Wednesday, October 1st. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.06. The business had revenue of $2.63 billion for the quarter, compared to the consensus estimate of $2.62 billion. Conagra Brands had a net margin of 7.42% and a return on equity of 11.72%. The firm’s quarterly revenue was down 5.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.53 EPS. Conagra Brands has set its FY 2026 guidance at 1.700-1.85 EPS.

A number of other research analysts also recently issued reports on CAG. JPMorgan Chase & Co. began coverage on shares of Conagra Brands in a research report on Wednesday, August 20th. They set a “neutral” rating and a $20.00 target price on the stock. Wells Fargo & Company upped their target price on shares of Conagra Brands from $19.00 to $20.00 and gave the company an “equal weight” rating in a research report on Thursday, October 2nd. Weiss Ratings restated a “sell (d+)” rating on shares of Conagra Brands in a research report on Wednesday, October 8th. UBS Group cut their target price on shares of Conagra Brands from $20.00 to $19.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 24th. Finally, Stifel Nicolaus cut their target price on shares of Conagra Brands from $26.00 to $21.00 and set a “hold” rating on the stock in a research report on Friday, July 11th. One research analyst has rated the stock with a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus target price of $21.92.

Conagra Brands Stock Performance

Conagra Brands stock opened at $18.25 on Thursday. The company has a current ratio of 1.06, a quick ratio of 0.44 and a debt-to-equity ratio of 0.81. Conagra Brands has a 1 year low of $17.89 and a 1 year high of $30.47. The company has a market cap of $8.73 billion, a PE ratio of 10.37, a PEG ratio of 1.74 and a beta of 0.03. The company’s 50-day moving average is $18.92 and its two-hundred day moving average is $21.13.

Conagra Brands Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Thursday, October 30th will be given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 7.7%. The ex-dividend date is Thursday, October 30th. Conagra Brands’s dividend payout ratio (DPR) is currently 79.55%.

Institutional Trading of Conagra Brands

A number of hedge funds have recently modified their holdings of CAG. Norges Bank bought a new stake in Conagra Brands during the 2nd quarter worth approximately $172,475,000. Ameriprise Financial Inc. increased its stake in Conagra Brands by 233.7% during the 1st quarter. Ameriprise Financial Inc. now owns 5,985,256 shares of the company’s stock worth $159,625,000 after purchasing an additional 4,191,555 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its stake in Conagra Brands by 315.4% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 4,120,156 shares of the company’s stock worth $84,340,000 after purchasing an additional 3,128,203 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Conagra Brands by 49.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 8,162,251 shares of the company’s stock worth $217,686,000 after purchasing an additional 2,702,407 shares in the last quarter. Finally, Cullen Capital Management LLC increased its stake in Conagra Brands by 4,497.6% during the 2nd quarter. Cullen Capital Management LLC now owns 2,740,013 shares of the company’s stock worth $56,088,000 after purchasing an additional 2,680,417 shares in the last quarter. 83.75% of the stock is currently owned by institutional investors and hedge funds.

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.