Brokerages Set Conagra Brands (NYSE:CAG) Target Price at $19.00

Shares of Conagra Brands (NYSE:CAG) have received an average rating of “Reduce” from the seventeen ratings firms that are currently covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating and one has given a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $18.7143.

A number of research analysts have commented on CAG shares. Wells Fargo & Company decreased their price objective on Conagra Brands from $19.00 to $18.00 and set an “equal weight” rating on the stock in a report on Monday, January 5th. Stifel Nicolaus reduced their target price on shares of Conagra Brands from $21.00 to $19.00 and set a “hold” rating for the company in a research report on Thursday, December 11th. The Goldman Sachs Group lowered their price target on shares of Conagra Brands from $18.00 to $16.00 and set a “sell” rating on the stock in a research report on Monday, November 24th. Cowen reissued a “hold” rating on shares of Conagra Brands in a report on Monday, December 22nd. Finally, Morgan Stanley decreased their target price on shares of Conagra Brands from $19.00 to $18.00 and set an “equal weight” rating on the stock in a research report on Friday.

Insider Buying and Selling

In other Conagra Brands news, SVP Melissa C. Napier sold 13,011 shares of Conagra Brands stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $17.19, for a total value of $223,659.09. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.57% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of CAG. Quaker Wealth Management LLC lifted its position in Conagra Brands by 202.3% during the second quarter. Quaker Wealth Management LLC now owns 1,227 shares of the company’s stock worth $25,000 after purchasing an additional 2,427 shares during the period. CYBER HORNET ETFs LLC bought a new stake in shares of Conagra Brands during the 2nd quarter worth approximately $26,000. MUFG Securities EMEA plc bought a new stake in shares of Conagra Brands during the 2nd quarter worth approximately $29,000. True Wealth Design LLC boosted its position in shares of Conagra Brands by 844.4% during the 3rd quarter. True Wealth Design LLC now owns 1,596 shares of the company’s stock worth $29,000 after acquiring an additional 1,427 shares in the last quarter. Finally, Clearstead Trust LLC increased its stake in Conagra Brands by 522.1% in the second quarter. Clearstead Trust LLC now owns 1,636 shares of the company’s stock valued at $33,000 after acquiring an additional 1,373 shares during the last quarter. Institutional investors own 83.75% of the company’s stock.

Conagra Brands Trading Down 2.4%

Shares of Conagra Brands stock opened at $16.96 on Thursday. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.89 and a quick ratio of 0.28. The business has a fifty day simple moving average of $17.30 and a two-hundred day simple moving average of $18.32. Conagra Brands has a 1 year low of $15.96 and a 1 year high of $28.51. The company has a market capitalization of $8.11 billion, a price-to-earnings ratio of -77.09 and a beta of -0.01.

Conagra Brands (NYSE:CAG) last released its quarterly earnings results on Friday, December 19th. The company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.01. The firm had revenue of $2.98 billion for the quarter, compared to analysts’ expectations 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 revenue was down 6.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.70 EPS. Conagra Brands has set its FY 2026 guidance at 1.700-1.85 EPS. Research analysts forecast that Conagra Brands will post 2.35 EPS for the current year.

Conagra Brands Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 26th. Investors of record on Tuesday, January 27th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Tuesday, January 27th. This represents a $1.40 dividend on an annualized basis and a yield of 8.3%. Conagra Brands’s dividend payout ratio is currently -636.36%.

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.