Morgan Stanley Issues Pessimistic Forecast for Conagra Brands (NYSE:CAG) Stock Price

Conagra Brands (NYSE:CAG) had its price target decreased by Morgan Stanley from $19.00 to $17.00 in a report released on Thursday, Marketbeat reports. The brokerage presently has an “equal weight” rating on the stock. Morgan Stanley’s target price would suggest a potential upside of 8.25% from the stock’s current price.

Several other research firms have also recently weighed in on CAG. JPMorgan Chase & Co. dropped their price objective on Conagra Brands from $19.00 to $17.00 and set a “neutral” rating for the company in a report on Friday, March 20th. TD Cowen decreased their target price on Conagra Brands from $18.00 to $14.00 and set a “hold” rating for the company in a report on Wednesday, March 25th. Evercore dropped their price target on Conagra Brands from $22.00 to $19.00 in a research note on Friday, January 9th. Zacks Research upgraded shares of Conagra Brands from a “strong sell” rating to a “hold” rating in a report on Friday, February 20th. Finally, Royal Bank Of Canada reduced their price objective on shares of Conagra Brands from $20.00 to $17.00 and set a “sector perform” rating on the stock in a research report on Thursday. Two equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, Conagra Brands presently has an average rating of “Reduce” and an average price target of $16.27.

Conagra Brands Trading Down 0.1%

Shares of CAG opened at $15.71 on Thursday. The stock has a market capitalization of $7.51 billion, a P/E ratio of -157.03 and a beta of 0.04. The firm has a fifty day simple moving average of $17.77 and a two-hundred day simple moving average of $17.72. The company has a quick ratio of 0.28, a current ratio of 0.90 and a debt-to-equity ratio of 0.79. Conagra Brands has a twelve month low of $15.03 and a twelve month high of $27.68.

Conagra Brands (NYSE:CAG) last posted its earnings results on Wednesday, April 1st. The company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.01). Conagra Brands had a positive return on equity of 10.15% and a negative net margin of 0.39%.The business had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.76 billion. During the same period in the previous year, the business earned $0.51 earnings per share. The firm’s revenue for the quarter was down 1.9% compared to the same quarter last year. On average, research analysts anticipate that Conagra Brands will post 2.35 EPS for the current year.

Institutional Trading of Conagra Brands

Several hedge funds and other institutional investors have recently made changes to their positions in CAG. WealthPlan Investment Management LLC increased its holdings in shares of Conagra Brands by 5.3% during the fourth quarter. WealthPlan Investment Management LLC now owns 10,920 shares of the company’s stock valued at $189,000 after acquiring an additional 548 shares in the last quarter. Sutton Place Investors LLC grew its holdings in shares of Conagra Brands by 1.9% during the third quarter. Sutton Place Investors LLC now owns 31,196 shares of the company’s stock valued at $571,000 after buying an additional 585 shares during the last quarter. International Private Wealth Advisors LLC increased its holdings in Conagra Brands by 4.9% in the 4th quarter. International Private Wealth Advisors LLC now owns 13,153 shares of the company’s stock worth $228,000 after buying an additional 609 shares in the last quarter. All Terrain Financial Advisors LLC lifted its position in Conagra Brands by 0.3% during the fourth quarter. All Terrain Financial Advisors LLC now owns 176,971 shares of the company’s stock valued at $3,063,000 after purchasing an additional 609 shares during the period. Finally, Blair William & Co. IL boosted its holdings in Conagra Brands by 0.5% in the third quarter. Blair William & Co. IL now owns 136,235 shares of the company’s stock worth $2,494,000 after purchasing an additional 633 shares during the last quarter. Hedge funds and other institutional investors own 83.75% of the company’s stock.

Conagra Brands News Roundup

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

• Positive Sentiment: Management said organic sales growth and volume trends are improving, suggesting demand recovery that could support revenue stabilization going forward. Conagra Returns to Organic Sales Growth
• Positive Sentiment: Some analysts continue constructive views (overweight/outperform ratings remain at a few firms), providing a floor for sentiment if execution improves. Analysts Slash Forecasts After Q3 Results
• Neutral Sentiment: Full prepared remarks and call transcript are available — useful for gauging management’s guidance, cost outlook and planned margin actions but contain mixed signals rather than new catalysts. Earnings Call Prepared Remarks Transcript
• Negative Sentiment: Q3 EPS missed estimates ($0.39 vs. $0.40) and management issued a cautious near-term outlook, raising concerns about margin pressure from inflation and costs. That miss is the primary immediate driver of the share decline. Q3 Earnings Call Transcript (EPS Miss)
• Negative Sentiment: Major brokerages slashed price targets and some downgraded ratings (Goldman, Wells Fargo and multiple peers cut PTs), amplifying selling pressure and lowering the analyst-driven support level for the stock. These Analysts Slash Their Forecasts
• Negative Sentiment: Investor governance/ transparency flag: commentary that no insiders set trading plans has raised questions about management confidence and disclosure practices, a potential sentiment headwind for some holders. Insider Trading Plans and Transparency Concerns

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.