Sanford C. Bernstein Issues Pessimistic Forecast for Conagra Brands (NYSE:CAG) Stock Price

Conagra Brands (NYSE:CAG) had its price objective dropped by investment analysts at Sanford C. Bernstein from $18.00 to $16.00 in a report issued on Thursday,MarketScreener reports. The firm currently has a “market perform” rating on the stock. Sanford C. Bernstein’s price target points to a potential upside of 1.88% from the company’s previous close.

Other research analysts have also issued reports about the company. Zacks Research raised Conagra Brands from a “strong sell” rating to a “hold” rating in a research report on Friday, February 20th. JPMorgan Chase & Co. decreased their target price on Conagra Brands from $19.00 to $17.00 and set a “neutral” rating for the company in a report on Friday, March 20th. The Goldman Sachs Group decreased their price objective on shares of Conagra Brands from $17.00 to $15.00 and set a “sell” rating for the company in a research note on Thursday. TD Cowen decreased their target price on Conagra Brands from $18.00 to $14.00 and set a “hold” rating for the company in a research report on Wednesday, March 25th. Finally, Stifel Nicolaus lowered their target price on Conagra Brands from $21.00 to $19.00 and set a “hold” rating for the company in a research note on Thursday, December 11th. Two equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average target price of $16.27.

Conagra Brands Stock Down 0.1%

CAG stock opened at $15.71 on Thursday. The company’s 50 day simple moving average is $17.77 and its 200-day simple moving average is $17.72. The firm has a market capitalization of $7.51 billion, a PE ratio of -157.03 and a beta of 0.04. Conagra Brands has a 12 month low of $15.03 and a 12 month high of $27.68. 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 (NYSE:CAG) last posted its quarterly earnings data on Wednesday, April 1st. The company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.01). The company had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.76 billion. Conagra Brands had a negative net margin of 0.39% and a positive return on equity of 10.15%. The firm’s revenue was down 1.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.51 EPS. Equities analysts expect that Conagra Brands will post 2.35 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. CYBER HORNET ETFs LLC bought a new stake in shares of Conagra Brands in the 2nd quarter worth about $26,000. Harbour Investments Inc. lifted its position in shares of 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 purchasing an additional 701 shares during the last quarter. True Wealth Design LLC lifted its position in shares of Conagra Brands by 844.4% during the third quarter. True Wealth Design LLC now owns 1,596 shares of the company’s stock worth $29,000 after purchasing an additional 1,427 shares during the last quarter. MUFG Securities EMEA plc acquired a new position in Conagra Brands in the second quarter worth about $29,000. Finally, Spire Wealth Management grew its stake in Conagra Brands by 249.0% in the third quarter. Spire Wealth Management now owns 1,724 shares of the company’s stock worth $32,000 after purchasing an additional 1,230 shares in the last quarter. 83.75% of the stock is owned by institutional investors and hedge funds.

Conagra Brands News Summary

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.