Wells Fargo & Company Has Lowered Expectations for Conagra Brands (NYSE:CAG) Stock Price

Conagra Brands (NYSE:CAG) had its price objective cut by investment analysts at Wells Fargo & Company from $15.00 to $14.00 in a research note issued on Thursday, MarketBeat reports. The brokerage currently has an “underweight” rating on the stock. Wells Fargo & Company‘s price objective would suggest a potential downside of 10.86% from the company’s current price.

Other equities analysts have also recently issued reports about the stock. BNP Paribas Exane reduced their price target on shares of Conagra Brands from $22.00 to $19.00 and set an “outperform” rating on the stock in a research report on Thursday. Royal Bank Of Canada lowered their price objective on shares of Conagra Brands from $20.00 to $17.00 and set a “sector perform” rating for the company in a research report on Thursday. Evercore dropped their price objective on Conagra Brands from $22.00 to $19.00 in a research note on Friday, January 9th. Bank of America reduced 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. Finally, UBS Group reissued a “neutral” rating and issued a $20.00 price objective on shares of Conagra Brands in a research report on Friday, February 13th. Two investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, Conagra Brands presently has an average rating of “Reduce” and an average price target of $16.27.

Conagra Brands Stock Performance

Shares of CAG stock opened at $15.71 on Thursday. The stock has a market cap of $7.51 billion, a PE ratio of -157.03 and a beta of 0.04. The stock has a 50-day moving average of $17.77 and a 200-day moving average of $17.72. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.90 and a quick ratio of 0.28. Conagra Brands has a one year low of $15.03 and a one year high of $27.68.

Conagra Brands (NYSE:CAG) last released its quarterly earnings data on Wednesday, April 1st. The company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.01). The firm 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%.The firm’s revenue was down 1.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.51 EPS. As a group, sell-side analysts expect that Conagra Brands will post 2.35 earnings per share for the current year.

Institutional Trading of Conagra Brands

Institutional investors have recently modified their holdings of the stock. Hsbc Holdings PLC lifted its position in shares of Conagra Brands by 25.0% during the 4th quarter. Hsbc Holdings PLC now owns 785,989 shares of the company’s stock worth $13,634,000 after buying an additional 157,423 shares during the last quarter. World Investment Advisors acquired a new stake in shares of Conagra Brands during the 4th quarter valued at $177,000. Alpine Global Management LLC acquired a new stake in shares of Conagra Brands during the 4th quarter valued at $181,000. Virtu Financial LLC grew its position in Conagra Brands by 149.6% during the 4th quarter. Virtu Financial LLC now owns 59,039 shares of the company’s stock worth $1,022,000 after acquiring an additional 35,390 shares during the last quarter. Finally, Sunbelt Securities Inc. grew its position in Conagra Brands by 24.2% during the 4th quarter. Sunbelt Securities Inc. now owns 14,498 shares of the company’s stock worth $251,000 after acquiring an additional 2,826 shares during the last quarter. 83.75% of the stock is currently owned by institutional investors.

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.