Conagra Brands (NYSE:CAG) Given New $19.00 Price Target at Morgan Stanley

Conagra Brands (NYSE:CAG) had its target price upped by Morgan Stanley from $18.00 to $19.00 in a research report report published on Wednesday morning, MarketBeat.com reports. The firm currently has an equal weight rating on the stock.

Several other brokerages have also commented on CAG. Evercore dropped their price target on Conagra Brands from $22.00 to $19.00 in a research note on Friday, January 9th. Jefferies Financial Group dropped their target price on shares of Conagra Brands from $19.00 to $18.00 and set a “hold” rating for the company in a research report on Thursday, December 11th. Bank of America reduced their price target on shares of Conagra Brands from $18.00 to $17.00 and set an “underperform” rating on the stock in a research report on Monday, December 22nd. Wells Fargo & Company raised their target price on shares of Conagra Brands from $18.00 to $20.00 and gave the company an “equal weight” rating in a research note on Tuesday. Finally, JPMorgan Chase & Co. decreased their price target 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. One investment analyst has rated the stock with a Buy rating, eleven have given a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average target price of $19.07.

Conagra Brands Stock Down 0.4%

CAG opened at $18.82 on Wednesday. Conagra Brands has a 12 month low of $15.96 and a 12 month high of $28.51. The business has a 50-day moving average of $17.86 and a two-hundred day moving average of $18.18. 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 $9.00 billion, a price-to-earnings ratio of -85.52 and a beta of -0.01.

Conagra Brands (NYSE:CAG) last released its earnings results on Friday, December 19th. The company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.01. The firm had revenue of $2.98 billion during the quarter, compared to the consensus estimate of $3 billion. Conagra Brands had a negative net margin of 0.87% and a positive return on equity of 10.59%. Conagra Brands’s revenue was down 6.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.70 earnings per share. Conagra Brands has set its FY 2026 guidance at 1.700-1.85 EPS. On average, research analysts expect 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. Investors of record on Tuesday, January 27th will be paid a dividend of $0.35 per share. The ex-dividend date of this dividend is Tuesday, January 27th. This represents a $1.40 annualized dividend and a yield of 7.4%. Conagra Brands’s payout ratio is -636.36%.

Institutional Trading of Conagra Brands

Several large investors have recently modified their holdings of the business. Quaker Wealth Management LLC boosted its holdings 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 during the last quarter. CYBER HORNET ETFs LLC acquired a new position in shares of Conagra Brands in the 2nd quarter valued at approximately $26,000. Harbour Investments Inc. boosted its stake in shares of Conagra Brands by 80.4% during the 4th quarter. Harbour Investments Inc. now owns 1,573 shares of the company’s stock valued at $27,000 after buying an additional 701 shares during the last quarter. True Wealth Design LLC boosted its stake in shares of Conagra Brands by 844.4% during the 3rd quarter. True Wealth Design LLC now owns 1,596 shares of the company’s stock valued at $29,000 after buying an additional 1,427 shares during the last quarter. Finally, MUFG Securities EMEA plc acquired a new stake in shares of Conagra Brands during the second quarter worth approximately $29,000. 83.75% of the stock is currently owned by institutional investors and hedge funds.

Conagra Brands News Summary

Here are the key news stories impacting Conagra Brands this week:

• Positive Sentiment: Analyst price-target increases: Wells Fargo raised its PT to $20 (maintained Equal Weight) and Morgan Stanley nudged its PT to $19 — modest analyst support that signals limited upside from current levels. Wells Fargo raises PT to $20 Morgan Stanley raises PT to $19
• Positive Sentiment: Board refresh: Conagra added two independent directors (John Mulligan and Pietro Satriano), expanding the board to 12 — a governance move that investors typically view as constructive. Conagra appoints two directors
• Neutral Sentiment: Management reaffirmed FY‑2026 EPS guidance (1.70–1.85) and emphasized strong cash generation; this reduces downside risk but didn’t change the market’s view on near-term demand. Conagra reaffirms 2026 outlook
• Neutral Sentiment: CAG presented at the Consumer Analyst Group of New York (CAGNY); slides and prepared remarks reiterated strategy and priorities but offered no major surprises. Investors may wait for execution data. CAGNY prepared remarks CAGNY slideshow
• Neutral Sentiment: Valuation note: coverage pieces are flagging that shares are trading near consensus targets — a reminder that analysts’ room for upside is limited absent stronger revenue/earnings beats. Valuation review
• Negative Sentiment: Sector and demand worries pressured the stock: reports note Conagra shares fell despite the reaffirmed guidance as investors focused on soft category demand and broader packaged-food headwinds. That market sentiment is the primary driver of today’s decline. Investing.com: Conagra falls amid sector concerns
• Negative Sentiment: Analyst/market writeups called the company update underwhelming for near-term growth — coverage highlighting that the guidance was already baked in and failed to address demand trends, which amplified selling. Fool: Why CAG sank

Conagra Brands Company Profile

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.