Conagra Brands (NYSE:CAG) Given Consensus Recommendation of “Reduce” by Brokerages

Shares of Conagra Brands (NYSE:CAG) have been given a consensus rating of “Reduce” by the fourteen ratings firms that are covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $21.50.

CAG has been the topic of a number of research analyst reports. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Conagra Brands in a research report on Wednesday, October 8th. Royal Bank Of Canada restated a “sector perform” rating and issued a $22.00 target price on shares of Conagra Brands in a research note on Thursday, October 2nd. UBS Group cut 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. The Goldman Sachs Group reduced their price target on Conagra Brands from $18.00 to $16.00 and set a “sell” rating for the company in a report on Monday. Finally, Morgan Stanley increased their price objective on Conagra Brands from $20.00 to $21.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 24th.

Insider Activity

In related 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.57% of the company’s stock.

Hedge Funds Weigh In On Conagra Brands

Several institutional investors have recently bought and sold shares of CAG. TD Asset Management Inc increased its holdings in shares of Conagra Brands by 13.1% during the 1st quarter. TD Asset Management Inc now owns 221,878 shares of the company’s stock valued at $5,917,000 after acquiring an additional 25,766 shares during the last quarter. Empirical Finance LLC boosted its position in Conagra Brands by 5.4% during the first quarter. Empirical Finance LLC now owns 17,064 shares of the company’s stock worth $455,000 after purchasing an additional 877 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Conagra Brands by 6.8% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 259,697 shares of the company’s stock valued at $6,926,000 after purchasing an additional 16,546 shares during the last quarter. LPL Financial LLC raised its position in shares of Conagra Brands by 4.8% in the first quarter. LPL Financial LLC now owns 471,254 shares of the company’s stock valued at $12,568,000 after purchasing an additional 21,715 shares during the period. Finally, Mackenzie Financial Corp lifted its stake in shares of Conagra Brands by 13.3% in the first quarter. Mackenzie Financial Corp now owns 102,719 shares of the company’s stock worth $2,740,000 after buying an additional 12,061 shares during the last quarter. 83.75% of the stock is currently owned by institutional investors.

Conagra Brands Stock Performance

Shares of CAG stock opened at $17.73 on Wednesday. The company has a market capitalization of $8.48 billion, a price-to-earnings ratio of 10.07, a P/E/G ratio of 1.65 and a beta of 0.03. Conagra Brands has a 1-year low of $16.60 and a 1-year high of $28.69. The company has a current ratio of 1.06, a quick ratio of 0.44 and a debt-to-equity ratio of 0.81. The stock’s fifty day simple moving average is $18.04 and its 200-day simple moving average is $19.60.

Conagra Brands (NYSE:CAG) last announced its quarterly earnings data on Wednesday, October 1st. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.06. The firm had revenue of $2.63 billion during 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 business’s quarterly revenue was down 5.8% compared to the same quarter last year. During the same period last year, the company posted $0.53 EPS. Conagra Brands has set its FY 2026 guidance at 1.700-1.85 EPS. On average, sell-side analysts predict that Conagra Brands will post 2.35 earnings per share for the current fiscal year.

Conagra Brands Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Thursday, October 30th will be issued a dividend of $0.35 per share. The ex-dividend date is Thursday, October 30th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 7.9%. Conagra Brands’s dividend payout ratio (DPR) is currently 79.55%.

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.