Conagra Brands (NYSE:CAG) Price Target Lowered to $16.00 at The Goldman Sachs Group

Conagra Brands (NYSE:CAG) had its target price lowered by The Goldman Sachs Group from $18.00 to $16.00 in a report released on Monday morning,MarketScreener reports. The brokerage currently has a sell rating on the stock.

Several other research analysts have also recently weighed in on CAG. UBS Group decreased their price target on Conagra Brands from $20.00 to $19.00 and set a “neutral” rating for the company in a research note on Wednesday, September 24th. Evercore ISI decreased their target price on Conagra Brands from $24.00 to $23.00 and set an “in-line” rating on the stock in a research report on Wednesday, September 24th. JPMorgan Chase & Co. started coverage on Conagra Brands in a research note on Wednesday, August 20th. They set a “neutral” rating and a $20.00 price objective on the stock. Morgan Stanley raised their price target on Conagra Brands from $20.00 to $21.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 24th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Conagra Brands in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Reduce” and an average price target of $21.50.

Conagra Brands Stock Down 1.3%

Shares of NYSE CAG opened at $17.54 on Monday. Conagra Brands has a 12 month low of $16.60 and a 12 month high of $28.69. The firm has a market capitalization of $8.39 billion, a PE ratio of 9.96, a price-to-earnings-growth ratio of 1.65 and a beta of 0.03. The firm has a fifty day simple moving average of $18.06 and a two-hundred day simple moving average of $19.63. 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 (NYSE:CAG) last released its quarterly earnings results on Wednesday, October 1st. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.06. The company had revenue of $2.63 billion for the quarter, compared to analyst estimates of $2.62 billion. Conagra Brands had a return on equity of 11.72% and a net margin of 7.42%.The firm’s revenue was down 5.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.53 earnings per share. Conagra Brands has set its FY 2026 guidance at 1.700-1.85 EPS. Equities analysts expect that Conagra Brands will post 2.35 earnings per share for the current year.

Conagra Brands Announces Dividend

The company also recently announced 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. The ex-dividend date is Thursday, October 30th. This represents a $1.40 dividend on an annualized basis and a yield of 8.0%. Conagra Brands’s dividend payout ratio is currently 79.55%.

Insider Transactions at Conagra Brands

In other Conagra Brands news, SVP Melissa C. Napier sold 13,011 shares of the company’s stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $17.19, for a total value of $223,659.09. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.57% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Conagra Brands

Hedge funds and other institutional investors have recently made changes to their positions in the company. Quaker Wealth Management LLC raised its position in shares of Conagra Brands by 202.3% in the second quarter. Quaker Wealth Management LLC now owns 1,227 shares of the company’s stock worth $25,000 after acquiring an additional 2,427 shares during the period. CYBER HORNET ETFs LLC acquired a new stake in Conagra Brands in the 2nd quarter valued at about $26,000. MJT & Associates Financial Advisory Group Inc. purchased a new stake in Conagra Brands in the 1st quarter valued at $27,000. True Wealth Design LLC raised its stake in Conagra Brands by 844.4% during the third 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 during the period. Finally, MUFG Securities EMEA plc purchased a new position in Conagra Brands in the second quarter worth approximately $29,000. Institutional investors and hedge funds own 83.75% of the company’s stock.

About Conagra Brands

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.