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

Wells Fargo & Company restated their underweight rating on shares of Conagra Brands (NYSE:CAG) in a research note published on Thursday morning, Marketbeat.com reports. Wells Fargo & Company currently has a $15.00 price target on the stock, down from their previous price target of $20.00.

Other equities analysts have also recently issued reports about the stock. Deutsche Bank Aktiengesellschaft cut their target price 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 upgraded shares of Conagra Brands from a “strong sell” rating to a “hold” rating in a research note on Friday, February 20th. JPMorgan Chase & Co. lowered their price objective on shares of Conagra Brands from $20.00 to $19.00 and set a “neutral” rating on the stock in a research report on Tuesday, December 16th. TD Cowen reaffirmed a “hold” rating on shares of Conagra Brands in a report on Monday, December 22nd. Finally, UBS Group reiterated a “neutral” rating and set a $20.00 target price on shares of Conagra Brands in a research note on Friday, February 13th. One research analyst has rated the stock with a Buy rating, eleven have assigned a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average target price of $18.71.

Conagra Brands Stock Down 4.7%

Shares of NYSE CAG opened at $16.18 on Thursday. The stock has a market cap of $7.74 billion, a PE ratio of -73.55 and a beta of -0.02. The company has a quick ratio of 0.28, a current ratio of 0.89 and a debt-to-equity ratio of 0.80. Conagra Brands has a 52-week low of $15.96 and a 52-week high of $27.68. The business has a 50-day moving average price of $18.20 and a 200 day moving average price of $18.11.

Conagra Brands (NYSE:CAG) last released 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 positive return on equity of 10.59% and a negative net margin of 0.87%.The company had revenue of $2.98 billion for the quarter, compared to analyst estimates of $3 billion. During the same quarter in the previous year, the company posted $0.70 earnings per share. The firm’s revenue 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. Equities research analysts forecast that Conagra Brands will post 2.35 earnings per share for the current year.

Conagra Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 26th. Investors of record on Tuesday, January 27th were given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 8.7%. The ex-dividend date was Tuesday, January 27th. Conagra Brands’s dividend payout ratio (DPR) is -636.36%.

Hedge Funds Weigh In On Conagra Brands

A number of large investors have recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of Conagra Brands in the second quarter valued at about $172,475,000. Two Sigma Investments LP lifted its position in Conagra Brands by 239.6% in the third quarter. Two Sigma Investments LP now owns 8,347,163 shares of the company’s stock valued at $152,837,000 after purchasing an additional 5,889,542 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in Conagra Brands by 245.5% in the third quarter. Arrowstreet Capital Limited Partnership now owns 7,734,061 shares of the company’s stock valued at $141,611,000 after purchasing an additional 5,495,503 shares during the period. AQR Capital Management LLC boosted its holdings in Conagra Brands by 216.2% in the 3rd quarter. AQR Capital Management LLC now owns 7,459,654 shares of the company’s stock valued at $135,318,000 after purchasing an additional 5,100,424 shares in the last quarter. Finally, Qube Research & Technologies Ltd boosted its holdings in Conagra Brands by 241.9% in the 3rd quarter. Qube Research & Technologies Ltd now owns 5,915,490 shares of the company’s stock valued at $108,313,000 after purchasing an additional 4,185,486 shares in the last quarter. Hedge funds and other institutional investors own 83.75% of the company’s stock.

Key Stories Impacting Conagra Brands

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

• Positive Sentiment: Conagra announced a major build-out: a planned ~$220M expansion of its Fayetteville, AR production facility, which management says supports capacity and potential margin improvement over time. Conagra Brands Announces $220M Expansion of Arkansas Production Facility
• Positive Sentiment: Some commentators note Conagra started 2026 with an early rally (roughly +8%), suggesting episodic investor interest in the name and income appeal. Is Conagra Stock a Long-Term Buy?
• Neutral Sentiment: Analysis pieces are debating whether the Fayetteville investment reframes Conagra’s “margin-first” capital allocation story — useful context but not an immediate catalyst. Does Conagra Brands’ (CAG) Fayetteville Bet Reframe Its Margin-Focused Investment Narrative?
• Negative Sentiment: Wells Fargo turned more cautious on major packaged-food names and explicitly warned inflation and weak consumption could pressure earnings; the note prompted a downgrade across the group. 3 Food Stocks With Big Yields. Why Wells Fargo Says Be Careful.
• Negative Sentiment: Wells Fargo reaffirmed an “underweight” stance and lowered its price target on CAG to $15 (from $20), signaling downside risk and contributing to selling pressure. Benzinga
• Negative Sentiment: Goldman Sachs and other sell-side moves have cut price targets and reiterated bearish views recently; those analyst actions often trigger short-term de-risking in low-momentum, high-yield staples. Conagra Brands slides as fresh sell-side cut pressures sentiment ahead of next earnings
• Negative Sentiment: Options flow shows unusual put buying (roughly 13,957 puts, ~35% above typical daily put volume), indicating traders are hedging or positioning for further downside, which can amplify volatility.
• Negative Sentiment: Market reaction has also been influenced by weak results at a sector peer (Campbell’s), which has pressured sentiment across packaged-food names, including CAG. Why Are Conagra Brands Shares Sliding On Wednesday?

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.