Conagra Brands (NYSE:CAG) Given New $17.00 Price Target at Barclays

Conagra Brands (NYSE:CAG) had its price target raised by Barclays from $16.00 to $17.00 in a report released on Friday,Benzinga reports. Barclays currently has an overweight rating on the stock.

Other equities analysts also recently issued reports about the company. Royal Bank Of Canada cut their target price on Conagra Brands from $16.00 to $14.00 and set a “sector perform” rating on the stock in a research report on Thursday. Wells Fargo & Company decreased their target price on Conagra Brands from $14.00 to $13.00 and set an “underweight” rating for the company in a report on Monday, May 18th. Stifel Nicolaus dropped their target price on Conagra Brands from $17.00 to $15.00 and set a “hold” rating on the stock in a research report on Tuesday, April 21st. Morgan Stanley cut their price target on shares of Conagra Brands from $15.00 to $13.00 and set an “equal weight” rating on the stock in a report on Friday, June 5th. Finally, Jefferies Financial Group reduced their price target on shares of Conagra Brands from $15.00 to $13.00 and set a “hold” rating for the company in a research report on Wednesday, May 27th. One analyst has rated the stock with a Buy rating, eleven have issued a Hold rating and six have given a Sell rating to the company. According to MarketBeat, Conagra Brands currently has an average rating of “Reduce” and an average price target of $14.07.

Conagra Brands Stock Performance

Shares of NYSE:CAG opened at $14.29 on Friday. The firm’s 50 day simple moving average is $13.61 and its 200-day simple moving average is $15.71. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.30 and a current ratio of 0.90. Conagra Brands has a one year low of $12.53 and a one year high of $20.32. The firm has a market cap of $6.84 billion, a PE ratio of -3.57 and a beta of -0.02.

Conagra Brands (NYSE:CAG) last issued its earnings results on Wednesday, July 15th. The company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.01. The business had revenue of $2.88 billion during the quarter, compared to analyst estimates of $2.89 billion. Conagra Brands had a positive return on equity of 10.44% and a negative net margin of 16.99%.Conagra Brands’s revenue was up 3.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.56 EPS. Conagra Brands has set its FY 2027 guidance at 1.400-1.500 EPS. As a group, equities analysts predict that Conagra Brands will post 1.48 EPS for the current year.

Conagra Brands Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Thursday, July 30th will be paid a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date is Thursday, July 30th. Conagra Brands’s dividend payout ratio is -35.00%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. WealthPlan Investment Management LLC grew its holdings in Conagra Brands by 5.3% in the fourth quarter. WealthPlan Investment Management LLC now owns 10,920 shares of the company’s stock valued at $189,000 after purchasing an additional 548 shares during the period. International Private Wealth Advisors LLC raised its stake in shares of Conagra Brands by 4.9% during the 4th quarter. International Private Wealth Advisors LLC now owns 13,153 shares of the company’s stock worth $228,000 after buying an additional 609 shares during the period. All Terrain Financial Advisors LLC raised its stake in shares of Conagra Brands by 0.3% during the 4th quarter. All Terrain Financial Advisors LLC now owns 176,971 shares of the company’s stock worth $3,063,000 after buying an additional 609 shares during the period. Jackson Hole Capital Partners LLC lifted its position in shares of Conagra Brands by 4.1% during the 4th quarter. Jackson Hole Capital Partners LLC now owns 17,960 shares of the company’s stock valued at $311,000 after buying an additional 701 shares in the last quarter. Finally, Harbour Investments Inc. lifted its position in shares of Conagra Brands by 80.4% during 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 in the last quarter. Institutional investors and hedge funds own 83.75% of the company’s stock.

Conagra Brands News Summary

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

• Positive Sentiment: Barclays raised its price target on Conagra Brands to $17 from $16 and kept an overweight rating, implying meaningful upside from current levels. Barclays raises Conagra price target
• Positive Sentiment: Jefferies reiterated a Hold rating but lifted its target to $14 from $13, and UBS also nudged its target higher to $14, suggesting analysts see some stabilization after the post-earnings reset. Conagra begins strategic reset with dividend cut and higher reinvestment
• Positive Sentiment: Several reports argue that Conagra’s dividend cut could be constructive because it frees up about $335 million annually for debt reduction and brand investment, which may support a longer-term turnaround. Why Conagra’s dividend cut could be the best thing for investors
• Neutral Sentiment: The company’s Q4 results were mixed: adjusted EPS was roughly in line, but revenue and operating profit missed expectations and management issued a weak annual outlook. Reuters: Conagra forecasts annual profit below estimates
• Neutral Sentiment: Management is emphasizing a margin reset, supply-chain improvements, portfolio simplification, and selective reinvestment, which supports the idea of a turnaround but also highlights that the recovery will take time. Q4 earnings call highlights margin reset and cost focus
• Negative Sentiment: The dividend cut and below-estimate profit outlook signal ongoing pressure on earnings and cash flow, which remains a concern for income-focused investors. Seeking Alpha commentary on Conagra dividend cut

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.