Conagra Brands (NYSE:CAG) Earns Underweight Rating from Wells Fargo & Company

Conagra Brands (NYSE:CAG)‘s stock had its “underweight” rating reaffirmed by research analysts at Wells Fargo & Company in a research report issued to clients and investors on Thursday, MarketBeat Ratings reports. They presently have a $15.00 price objective on the stock, down from their prior price objective of $20.00. Wells Fargo & Company‘s target price suggests a potential downside of 8.60% from the company’s current price.

A number of other analysts have also recently commented on the company. Stifel Nicolaus cut their target price on Conagra Brands from $21.00 to $19.00 and set a “hold” rating on the stock in a research report on Thursday, December 11th. UBS Group reissued a “neutral” rating and issued a $20.00 target price on shares of Conagra Brands in a research report on Friday, February 13th. Jefferies Financial Group dropped their price target on Conagra Brands from $19.00 to $18.00 and set a “hold” rating on the stock in a research note on Thursday, December 11th. Sanford C. Bernstein reduced their price objective on Conagra Brands from $21.00 to $18.00 and set a “market perform” rating for the company in a research note on Monday, December 22nd. Finally, JPMorgan Chase & Co. decreased their price objective on Conagra Brands from $20.00 to $19.00 and set a “neutral” rating for the company in a report on Tuesday, December 16th. One equities research analyst has rated the stock with a Buy rating, eleven have issued a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus target price of $18.71.

Conagra Brands Stock Up 1.5%

Shares of NYSE:CAG opened at $16.41 on Thursday. The firm has a 50 day simple moving average of $18.19 and a 200-day simple moving average of $18.09. Conagra Brands has a twelve month low of $15.96 and a twelve month high of $27.68. The company has a current ratio of 0.89, a quick ratio of 0.28 and a debt-to-equity ratio of 0.80. The company has a market capitalization of $7.85 billion, a PE ratio of -74.60 and a beta of -0.02.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. CYBER HORNET ETFs LLC acquired a new stake in shares of Conagra Brands during the second quarter worth $26,000. Harbour Investments Inc. grew its position in Conagra Brands by 80.4% in the 4th quarter. Harbour Investments Inc. now owns 1,573 shares of the company’s stock valued at $27,000 after buying an additional 701 shares during 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 valued at $29,000 after buying an additional 1,427 shares during the period. MUFG Securities EMEA plc purchased a new position in Conagra Brands during the 2nd quarter worth $29,000. Finally, Spire Wealth Management raised its position in Conagra Brands by 249.0% during the 3rd quarter. Spire Wealth Management now owns 1,724 shares of the company’s stock worth $32,000 after buying an additional 1,230 shares during the last quarter. 83.75% of the stock is currently owned by hedge funds and other institutional investors.

Key Conagra Brands News

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

• Positive Sentiment: Conagra announced a roughly $220M expansion of its Fayetteville, AR production facility, which management says should increase capacity and support margin improvement over time. This is being viewed as a strategic, long-term investment in efficiency and supply. Conagra Expansion
• Positive Sentiment: Market commentary (The Motley Fool) notes Conagra’s stock has started 2026 with strength (early YTD gains), and revisits whether CAG is a long-term buy — supporting bullish investor interest and momentum. Is Conagra a Long-Term Buy?
• Neutral Sentiment: Conagra was listed among stocks that moved significantly yesterday, signaling above-average trading volume and short-term volatility that can amplify reactions to news. Stocks Making Big Moves
• Negative Sentiment: Wells Fargo turned more bearish on large food producers and reiterated an “underweight” on Conagra while cutting its price target to $15 (from $20), citing risks from persistent inflation and sluggish consumer demand that could pressure earnings and the company’s dividend profile — a clear near-term headwind for the stock. Wells Fargo Turns Bearish

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.