Conagra Brands (NYSE:CAG – Get Free Report) had its price target reduced by research analysts at Morgan Stanley from $19.00 to $17.00 in a research report issued on Thursday,MarketScreener reports. The firm currently has an “equal weight” rating on the stock. Morgan Stanley’s price target points to a potential upside of 9.43% from the stock’s current price.
Other equities analysts have also issued reports about the company. Evercore dropped their price target on Conagra Brands from $22.00 to $19.00 in a research note on Friday, January 9th. BNP Paribas Exane lowered their price objective on shares of Conagra Brands from $22.00 to $19.00 and set an “outperform” rating for the company in a research note on Thursday. Bank of America dropped their target price on shares of Conagra Brands from $18.00 to $17.00 and set an “underperform” rating on the stock in a research report on Monday, December 22nd. TD Cowen cut their target price on shares of Conagra Brands from $18.00 to $14.00 and set a “hold” rating on the stock in a research note on Wednesday, March 25th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Conagra Brands from $19.00 to $17.00 and set a “neutral” rating for the company in a research note on Friday, March 20th. Two investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat.com, Conagra Brands has an average rating of “Reduce” and an average price target of $16.53.
View Our Latest Research Report on CAG
Conagra Brands Price Performance
Conagra Brands (NYSE:CAG – Get Free Report) last posted its quarterly earnings data on Wednesday, April 1st. The company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.01). The business had revenue of $2.79 billion during the quarter, compared to the consensus estimate 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 revenue was down 1.9% on a year-over-year basis. During the same period last year, the business posted $0.51 earnings per share. On average, analysts expect that Conagra Brands will post 2.35 earnings per share for the current year.
Institutional Trading of Conagra Brands
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CAG. CYBER HORNET ETFs LLC bought a new stake in Conagra Brands during the second quarter worth $26,000. MUFG Securities EMEA plc purchased a new stake in Conagra Brands during the second quarter worth about $29,000. Harbour Investments Inc. increased its stake 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 worth $27,000 after purchasing an additional 701 shares during the last quarter. True Wealth Design LLC increased its position in Conagra Brands by 844.4% in the third quarter. True Wealth Design LLC now owns 1,596 shares of the company’s stock worth $29,000 after buying an additional 1,427 shares during the last quarter. Finally, Spire Wealth Management raised its stake in Conagra Brands by 249.0% in the 3rd quarter. Spire Wealth Management now owns 1,724 shares of the company’s stock valued at $32,000 after acquiring an additional 1,230 shares during the period. 83.75% of the stock is owned by institutional investors.
Key Conagra Brands News
Here are the key news stories impacting Conagra Brands this week:
- Positive Sentiment: Revenue slightly beat estimates and the company reported organic sales growth driven by stronger frozen and snacks volumes, evidence that core categories remain resilient. Conagra Q3 Earnings Miss Estimates Despite Organic Sales Growth
- Positive Sentiment: Management highlighted volume growth and category strength on the earnings call, helping some investors see a path to margin recovery if inflation eases. Conagra Brands Inc (CAG) Q3 2026 Earnings Call Highlights: Strong Volume Growth Amid Inflation …
- Neutral Sentiment: Market commentators and value investors point to a high dividend yield (~9% reported) and technical support at recent lows, which can stabilize the stock despite fundamental headwinds. 3 Signs Now is a Good Time to Buy Conagra Stock
- Negative Sentiment: EPS missed consensus ($0.39 vs $0.40) and margins contracted year‑over‑year, raising near‑term profitability concerns. Conagra Q3 earnings report summary
- Negative Sentiment: Management narrowed and lowered its full‑year profit guidance, citing rising costs — a primary driver of the stock weakness. Conagra Brands expects weak annual profit on rising costs
- Negative Sentiment: Analysts adjusted expectations: Jefferies cut its price target to $15 and several boutiques signaled caution, keeping downward pressure on sentiment. Jefferies adjusts price target on Conagra Brands to $15
- Negative Sentiment: Coverage pieces note broad analyst skepticism relative to peers and some price targets below the stock, amplifying selling pressure after mixed results. What Wall Street Expects From These 3 Food Giants After Mixed Earnings
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.
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