The Goldman Sachs Group Issues Pessimistic Forecast for Conagra Brands (NYSE:CAG) Stock Price

Conagra Brands (NYSE:CAG) had its price objective lowered by The Goldman Sachs Group from $17.00 to $15.00 in a note issued to investors on Thursday, MarketBeat reports. The brokerage presently has a “sell” rating on the stock. The Goldman Sachs Group’s target price points to a potential downside of 4.49% from the company’s current price.

A number of other research firms have also weighed in on CAG. Jefferies Financial Group reduced their price objective on Conagra Brands from $16.00 to $15.00 and set a “hold” rating for the company in a research note on Monday, March 30th. Zacks Research upgraded Conagra Brands from a “strong sell” rating to a “hold” rating in a research note on Friday, February 20th. TD Cowen dropped their target price on Conagra Brands from $18.00 to $14.00 and set a “hold” rating on the stock in a report on Wednesday, March 25th. Morgan Stanley reduced their price target on Conagra Brands from $19.00 to $17.00 and set an “equal weight” rating for the company in a research report on Thursday. Finally, Wells Fargo & Company restated an “underweight” rating and issued a $15.00 price objective (down from $20.00) on shares of Conagra Brands in a research report on Thursday, March 12th. Two analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus price target of $16.27.

Conagra Brands Stock Performance

Shares of NYSE CAG opened at $15.71 on Thursday. The company has a 50 day simple moving average of $17.77 and a two-hundred day simple moving average of $17.72. The stock has a market cap of $7.51 billion, a price-to-earnings ratio of -157.03 and a beta of 0.04. The company has a current ratio of 0.90, a quick ratio of 0.28 and a debt-to-equity ratio of 0.79. Conagra Brands has a 12 month low of $15.03 and a 12 month high of $27.68.

Conagra Brands (NYSE:CAG) last issued 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). The business had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.76 billion. Conagra Brands had a positive return on equity of 10.15% and a negative net margin of 0.39%.The company’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same period last year, the business earned $0.51 EPS. As a group, analysts predict that Conagra Brands will post 2.35 earnings per share for the current year.

Institutional Trading of Conagra Brands

Several large investors have recently added to or reduced their stakes in CAG. State Street Corp increased its stake in shares of Conagra Brands by 2.3% in the 2nd quarter. State Street Corp now owns 26,202,392 shares of the company’s stock worth $536,363,000 after acquiring an additional 588,435 shares during the last quarter. Invesco Ltd. boosted its position in shares of Conagra Brands by 13.3% during the 4th quarter. Invesco Ltd. now owns 17,667,780 shares of the company’s stock valued at $305,829,000 after acquiring an additional 2,079,903 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Conagra Brands by 20.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 17,622,165 shares of the company’s stock valued at $305,044,000 after purchasing an additional 2,948,081 shares during the period. Morgan Stanley grew its holdings in shares of Conagra Brands by 18.5% in the fourth quarter. Morgan Stanley now owns 15,229,557 shares of the company’s stock valued at $263,624,000 after purchasing an additional 2,376,823 shares during the period. Finally, Ameriprise Financial Inc. increased its position in Conagra Brands by 19.6% during the third quarter. Ameriprise Financial Inc. now owns 12,130,671 shares of the company’s stock worth $222,113,000 after purchasing an additional 1,984,873 shares during the last quarter. 83.75% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Conagra Brands

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.