Conagra Brands (NYSE:CAG) Given Average Rating of “Reduce” by Brokerages

Conagra Brands (NYSE:CAG) has been given an average rating of “Reduce” by the sixteen brokerages that are currently covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a sell recommendation, eleven have assigned a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $18.7143.

A number of research analysts recently weighed in on the stock. JPMorgan Chase & Co. decreased their target price 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, December 16th. Evercore dropped their target price on Conagra Brands from $22.00 to $19.00 in a report on Friday, January 9th. Deutsche Bank Aktiengesellschaft decreased their price target on Conagra Brands from $19.00 to $18.00 and set a “hold” rating for the company in a research note on Monday, December 22nd. Wall Street Zen cut Conagra Brands from a “hold” rating to a “sell” rating in a research note on Saturday, December 27th. Finally, Bank of America decreased their target price on shares of Conagra Brands from $18.00 to $17.00 and set an “underperform” rating for the company in a research note on Monday, December 22nd.

Conagra Brands Stock Down 0.9%

CAG stock opened at $19.38 on Monday. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.89 and a quick ratio of 0.28. The stock has a market capitalization of $9.27 billion, a P/E ratio of -88.09 and a beta of -0.01. Conagra Brands has a fifty-two week low of $15.96 and a fifty-two week high of $28.51. The business has a 50-day moving average of $17.50 and a 200-day moving average of $18.14.

Conagra Brands (NYSE:CAG) last released its earnings results on Friday, December 19th. The company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.44 by $0.01. The firm 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 quarterly revenue was down 6.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.70 EPS. Conagra Brands has set its FY 2026 guidance at 1.700-1.85 EPS. On average, sell-side analysts anticipate that Conagra Brands will post 2.35 earnings per share for the current fiscal year.

Conagra Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 26th. Stockholders of record on Tuesday, January 27th will be given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 7.2%. The ex-dividend date of this dividend is Tuesday, January 27th. Conagra Brands’s dividend payout ratio (DPR) is -636.36%.

Hedge Funds Weigh In On Conagra Brands

A number of hedge funds and other institutional investors have recently bought and sold shares of CAG. Campbell & CO Investment Adviser LLC bought a new position in Conagra Brands in the second quarter valued at about $2,489,000. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Conagra Brands by 45.3% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 342,942 shares of the company’s stock valued at $6,485,000 after purchasing an additional 106,891 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new stake in shares of Conagra Brands during the 2nd quarter valued at approximately $10,465,000. Hsbc Holdings PLC increased its position in Conagra Brands by 20.0% during the 2nd quarter. Hsbc Holdings PLC now owns 1,251,371 shares of the company’s stock worth $25,578,000 after purchasing an additional 208,450 shares in the last quarter. Finally, AE Wealth Management LLC lifted its stake in Conagra Brands by 13.7% in the 3rd quarter. AE Wealth Management LLC now owns 720,093 shares of the company’s stock valued at $13,185,000 after purchasing an additional 86,604 shares during 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.