Jefferies Financial Group Lowers Conagra Brands (NYSE:CAG) Price Target to $15.00

Conagra Brands (NYSE:CAG) had its price objective reduced by analysts at Jefferies Financial Group from $16.00 to $15.00 in a research note issued on Monday,MarketScreener reports. The brokerage currently has a “hold” rating on the stock. Jefferies Financial Group’s price target points to a potential downside of 2.99% from the company’s current price.

Several other brokerages also recently issued reports on CAG. Deutsche Bank Aktiengesellschaft cut their target price on shares of Conagra Brands from $18.00 to $14.00 and set a “hold” rating for the company in a research note on Monday. Morgan Stanley reissued an “overweight” rating on shares of Conagra Brands in a research report on Wednesday, February 18th. Zacks Research upgraded Conagra Brands from a “strong sell” rating to a “hold” rating in a research note on Friday, February 20th. 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. Finally, Bank of America decreased their target price on Conagra Brands from $18.00 to $17.00 and set an “underperform” rating on the stock in a report on Monday, December 22nd. One investment analyst has rated the stock with a Buy rating, eleven have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus target price of $17.79.

Conagra Brands Stock Down 1.6%

CAG traded down $0.26 during trading on Monday, reaching $15.46. 10,474,462 shares of the stock were exchanged, compared to its average volume of 14,273,063. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.28 and a current ratio of 0.89. The stock’s 50 day moving average price is $17.88 and its two-hundred day moving average price is $17.77. Conagra Brands has a twelve month low of $15.03 and a twelve month high of $27.68. The stock has a market cap of $7.40 billion, a P/E ratio of -70.29 and a beta of -0.02.

Conagra Brands (NYSE:CAG) last announced its quarterly earnings results on Wednesday, April 1st. The company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.40 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 $2.79 billion during the quarter, compared to analyst estimates of $2.76 billion. During the same quarter in the prior year, the business earned $0.51 EPS. The business’s revenue was down 1.9% compared to the same quarter last year. Equities analysts expect that Conagra Brands will post 2.35 EPS for the current year.

Institutional Investors Weigh In On Conagra Brands

A number of institutional investors have recently modified their holdings of CAG. CYBER HORNET ETFs LLC acquired a new position in shares of Conagra Brands in the second quarter valued at about $26,000. Harbour Investments Inc. boosted its holdings 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 purchasing an additional 701 shares during the period. True Wealth Design LLC boosted its holdings 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 purchasing an additional 1,427 shares during the period. MUFG Securities EMEA plc acquired a new position in shares of Conagra Brands during the 2nd quarter worth approximately $29,000. Finally, Spire Wealth Management grew its position in shares of 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 purchasing an additional 1,230 shares in the last quarter. Institutional investors own 83.75% of the company’s stock.

Conagra Brands News Roundup

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

• Positive Sentiment: Revenue slightly beat consensus and sales showed resilience versus expectations — a sign demand held up even as margins tightened. Conagra posts better-than-expected sales
• Positive Sentiment: Board approved a $0.35 quarterly dividend (ex‑dividend Apr 30), yielding roughly 8.9% — supportive for income investors but raises questions about sustainability given margin pressure. Conagra announces quarterly dividend
• Neutral Sentiment: Company released Q3 results and accompanying slide deck / call materials — useful for detail on cost drivers, SKU performance and margin assumptions. Investors should review the slides/call for management’s plan to offset inflation. Conagra reports third quarter results (PR Newswire)
• Neutral Sentiment: Wall Street forecasters have been revising models ahead of and after the print — expect more target/rating adjustments as brokers digest guidance. Analysts revamp expectations ahead of Q3
• Negative Sentiment: Management narrowed and trimmed full‑year profit guidance, blaming rising input and freight costs that will pressure margins — the primary driver of the stock decline. Conagra trims annual profit forecast (Reuters)
• Negative Sentiment: Q3 EPS missed estimates by a hair while revenue was down ~1.9% vs. year‑ago — a combination that highlights margin stress and slower topline growth. Quarterly earnings summary and call materials
• Negative Sentiment: Deutsche Bank and other brokers have cut targets/expectations (Deutsche’s PT cited near‑term downside), increasing downside risk from multiple analyst downgrades. Deutsche Bank lowers expectations for Conagra
• Negative Sentiment: Prominent commentators have warned the current dividend level may be unsustainably high if margins don’t recover, which could pressure sentiment among income investors. Jim Cramer: high dividend may be unsustainable (Yahoo)

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.