UBS Group Lowers Conagra Brands (NYSE:CAG) Price Target to $16.00

Conagra Brands (NYSE:CAG) had its price objective decreased by research analysts at UBS Group from $20.00 to $16.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. UBS Group’s price target would suggest a potential upside of 1.88% from the stock’s current price.

CAG has been the subject of several other reports. Stifel Nicolaus cut their price objective on shares of Conagra Brands from $19.00 to $17.00 and set a “hold” rating for the company in a report on Thursday. Zacks Research upgraded Conagra Brands from a “strong sell” rating to a “hold” rating in a research report on Friday, February 20th. JPMorgan Chase & Co. cut their price target on Conagra Brands from $19.00 to $17.00 and set a “neutral” rating for the company in a report on Friday, March 20th. Sanford C. Bernstein reduced their price target on Conagra Brands from $18.00 to $16.00 and set a “market perform” rating for the company in a research report on Thursday. Finally, Royal Bank Of Canada decreased their price objective on Conagra Brands from $20.00 to $17.00 and set a “sector perform” rating on the stock in a research note on Thursday. Two equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average price target of $16.27.

Conagra Brands Trading Down 0.1%

Shares of Conagra Brands stock 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. Conagra Brands has a 52-week low of $15.03 and a 52-week high of $27.68. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.28 and a current ratio of 0.90. The stock’s 50-day simple moving average is $17.77 and its 200 day simple moving average is $17.72.

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in CAG. CYBER HORNET ETFs LLC purchased a new stake in shares of Conagra Brands in the second quarter worth $26,000. MUFG Securities EMEA plc purchased a new position in Conagra Brands during the second quarter worth about $29,000. Harbour Investments Inc. grew its position in Conagra Brands by 80.4% during the fourth quarter. Harbour Investments Inc. now owns 1,573 shares of the company’s stock worth $27,000 after buying an additional 701 shares in the last quarter. True Wealth Design LLC increased its stake in Conagra Brands by 844.4% in the 3rd quarter. True Wealth Design LLC now owns 1,596 shares of the company’s stock worth $29,000 after acquiring an additional 1,427 shares during the last quarter. Finally, Spire Wealth Management raised its holdings in shares of Conagra Brands by 249.0% in the 3rd quarter. Spire Wealth Management now owns 1,724 shares of the company’s stock valued at $32,000 after acquiring an additional 1,230 shares in the last quarter. 83.75% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting 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

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.