Conagra Brands (NYSE:CAG) Price Target Lowered to $16.00 at UBS Group

Conagra Brands (NYSE:CAG) had its price target dropped by UBS Group from $20.00 to $16.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. UBS Group’s price target suggests a potential upside of 2.17% from the company’s current price.

Other equities research analysts have also issued reports about the stock. Barclays lowered their target price on shares of Conagra Brands from $21.00 to $18.00 and set an “overweight” rating on the stock in a research note on Thursday. Jefferies Financial Group reduced their price target on Conagra Brands from $16.00 to $15.00 and set a “hold” rating for the company in a report on Monday. Sanford C. Bernstein lowered their price target on Conagra Brands from $18.00 to $16.00 and set a “market perform” rating on the stock in a research report on Thursday. TD Cowen dropped their price objective on Conagra Brands from $18.00 to $14.00 and set a “hold” rating on the stock in a report on Wednesday, March 25th. Finally, Zacks Research upgraded Conagra Brands from a “strong sell” rating to a “hold” rating in a research report on Friday, February 20th. Two investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average target price of $16.27.

Conagra Brands Stock Performance

Shares of NYSE:CAG traded up $0.14 during trading on Thursday, hitting $15.66. 11,724,139 shares of the stock traded hands, compared to its average volume of 14,557,913. The company has a quick ratio of 0.28, a current ratio of 0.89 and a debt-to-equity ratio of 0.80. The company has a market cap of $7.49 billion, a price-to-earnings ratio of -71.16 and a beta of 0.04. The company has a fifty day moving average price of $17.84 and a two-hundred day moving average price of $17.76. Conagra Brands has a 52-week low of $15.03 and a 52-week high of $27.68.

Conagra Brands (NYSE:CAG) last announced its quarterly earnings results on Wednesday, April 1st. The company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.01). The firm had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.76 billion. Conagra Brands had a positive return on equity of 10.59% and a negative net margin of 0.87%.The business’s quarterly revenue was down 1.9% on a year-over-year basis. During the same period last year, the company posted $0.51 earnings per share. As a group, equities analysts predict that Conagra Brands will post 2.35 EPS for the current year.

Hedge Funds Weigh In On Conagra Brands

Institutional investors and hedge funds have recently bought and sold shares of the company. WealthPlan Investment Management LLC increased its position in shares of Conagra Brands by 5.3% during the 4th quarter. WealthPlan Investment Management LLC now owns 10,920 shares of the company’s stock worth $189,000 after purchasing an additional 548 shares during the last quarter. Sutton Place Investors LLC lifted its position in Conagra Brands by 1.9% in the third quarter. Sutton Place Investors LLC now owns 31,196 shares of the company’s stock valued at $571,000 after buying an additional 585 shares during the last quarter. International Private Wealth Advisors LLC boosted its stake in Conagra Brands by 4.9% during the fourth 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 boosted its stake in Conagra Brands by 0.3% during the fourth 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. Finally, Blair William & Co. IL increased its position in shares of Conagra Brands by 0.5% during the third quarter. Blair William & Co. IL now owns 136,235 shares of the company’s stock valued at $2,494,000 after acquiring an additional 633 shares during the last quarter. 83.75% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Conagra Brands

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

• Positive Sentiment: MarketBeat and some commentators argue the stock is deeply discounted (down ~60% from highs), with stabilizing organic sales, healthy free cash flow and technical signs of a bottom — a bullish case for value and income investors. Conagra Stock Yields Nearly 9% After a 60% Decline—Time to Buy?
• Positive Sentiment: Conagra declared a quarterly dividend of $0.35 (annualized yield ~9%) with an ex‑dividend date April 30 — supports yield‑focused demand even as the business resets.
• Neutral Sentiment: Q3 results were mixed: revenue ($2.79B) beat estimates while EPS ($0.39) slightly missed and revenue was down ~1.9% YoY; organic growth offset divestiture impacts in several categories. Conagra Brands Reports Third Quarter Results
• Neutral Sentiment: Management narrowed and lowered full‑year guidance, signaling caution on margins and near‑term EPS but saying cash flow should remain sufficient to support capital returns over time. Conagra Brands expects weak annual profit on rising costs
• Negative Sentiment: A broad set of analysts cut price targets and in some cases lowered ratings after Q3: notable moves include Wells Fargo to $14 (underweight), Goldman Sachs to $15 (sell), multiple shops trimming PTs into the $15–$19 range — increasing near‑term selling pressure and lowering the consensus valuation floor. These Analysts Slash Their Forecasts On Conagra Brands After Q3 Results
• Negative Sentiment: Margin pressure from inflation and divestitures drove the EPS miss and prompted the guidance cut — key risks that could delay the company’s return to consistent earnings growth and keep multiples depressed. Conagra Q3 Earnings Miss Estimates Despite Organic Sales Growth

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.