Wall Street Zen Upgrades Conagra Brands (NYSE:CAG) to “Hold”

Conagra Brands (NYSE:CAG) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Saturday.

CAG has been the topic of several other reports. UBS Group reaffirmed a “neutral” rating and issued a $20.00 price objective on shares of Conagra Brands in a research report on Friday, February 13th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Conagra Brands from $19.00 to $18.00 and set a “hold” rating on the stock in a report on Monday, December 22nd. Zacks Research cut shares of Conagra Brands from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 6th. The Goldman Sachs Group reduced their target price on shares of Conagra Brands from $18.00 to $16.00 and set a “sell” rating for the company in a report on Monday, November 24th. Finally, TD Cowen reaffirmed a “hold” rating on shares of Conagra Brands in a research report on Monday, December 22nd. One analyst has rated the stock with a Buy rating, eleven have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat, Conagra Brands currently has a consensus rating of “Reduce” and a consensus price target of $19.07.

Conagra Brands Trading Down 1.3%

CAG opened at $18.45 on Friday. The firm has a 50 day simple moving average of $17.89 and a 200 day simple moving average of $18.18. Conagra Brands has a fifty-two week low of $15.96 and a fifty-two week high of $28.51. The company has a market cap of $8.82 billion, a price-to-earnings ratio of -83.85 and a beta of -0.01. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.89 and a quick ratio of 0.28.

Conagra Brands (NYSE:CAG) last released its earnings results on Friday, December 19th. The company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.01. The firm had revenue of $2.98 billion during the quarter, compared to analyst estimates of $3 billion. Conagra Brands had a negative net margin of 0.87% and a positive return on equity of 10.59%. The business’s quarterly revenue was down 6.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.70 EPS. Conagra Brands has set its FY 2026 guidance at 1.700-1.85 EPS. On average, sell-side analysts anticipate that Conagra Brands will post 2.35 earnings per share for the current year.

Institutional Investors Weigh In On Conagra Brands

A number of institutional investors have recently modified their holdings of CAG. NewEdge Advisors LLC lifted its holdings in Conagra Brands by 4.2% in the first quarter. NewEdge Advisors LLC now owns 23,541 shares of the company’s stock valued at $628,000 after buying an additional 954 shares during the period. United Services Automobile Association bought a new stake in shares of Conagra Brands during the first quarter valued at approximately $225,000. Empowered Funds LLC raised its position in shares of Conagra Brands by 5.9% during the first quarter. Empowered Funds LLC now owns 36,356 shares of the company’s stock worth $970,000 after purchasing an additional 2,038 shares during the period. Woodline Partners LP lifted its holdings in shares of Conagra Brands by 40.7% in the 1st quarter. Woodline Partners LP now owns 40,326 shares of the company’s stock worth $1,075,000 after purchasing an additional 11,664 shares in the last quarter. Finally, Chicago Partners Investment Group LLC acquired a new stake in Conagra Brands in the 2nd quarter valued at $280,000. 83.75% of the stock is owned by institutional investors.

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.