Conagra Brands (NYSE:CAG) Shares Gap Down – Here’s What Happened

Conagra Brands (NYSE:CAG) shares gapped down before the market opened on Wednesday . The stock had previously closed at $14.15, but opened at $13.69. Conagra Brands shares last traded at $14.1280, with a volume of 6,238,128 shares trading hands.

More Conagra Brands News

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

• Positive Sentiment: Conagra beat Q4 EPS expectations, posting $0.47 per share versus the $0.46 consensus, which shows earnings were slightly better than feared. Article title
• Positive Sentiment: The company reaffirmed its long dividend history by announcing a quarterly payout, though the size was reset lower. Article title
• Neutral Sentiment: Investors are also digesting a detailed earnings readout and conference-call materials that may provide more color on margins, costs, and the turnaround plan. Article title
• Negative Sentiment: Conagra cut its annual dividend in half, a major red flag for income investors and a sign management sees less support from cash flow than before. Article title
• Negative Sentiment: FY2027 EPS guidance of 1.40–1.50 came in below the 1.61 consensus, reinforcing worries about weaker profitability ahead. Article title
• Negative Sentiment: The company swung to a quarterly loss and cited pressure from higher commodity, protein, and tariff-related costs, which could continue to weigh on margins. Article title

Analyst Upgrades and Downgrades

CAG has been the subject of a number of research analyst reports. Weiss Ratings downgraded shares of Conagra Brands from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, June 25th. The Goldman Sachs Group lowered their price target on shares of Conagra Brands from $17.00 to $15.00 and set a “sell” rating on the stock in a report on Thursday, April 2nd. UBS Group dropped their price target on shares of Conagra Brands from $16.00 to $13.00 and set a “neutral” rating on the stock in a research note on Tuesday, June 2nd. Stifel Nicolaus cut their price objective on Conagra Brands from $17.00 to $15.00 and set a “hold” rating for the company in a report on Tuesday, April 21st. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on Conagra Brands from $14.00 to $12.00 and set a “hold” rating for the company in a research report on Thursday, June 18th. One equities research analyst has rated the stock with a Buy rating, eleven have issued a Hold rating and six have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and an average target price of $14.00.

Conagra Brands Stock Performance

The company has a quick ratio of 0.30, a current ratio of 0.90 and a debt-to-equity ratio of 0.79. The stock has a market cap of $6.82 billion, a P/E ratio of -142.70 and a beta of -0.02. The firm’s 50-day moving average is $13.60 and its two-hundred day moving average is $15.76.

Conagra Brands (NYSE:CAG) last posted its earnings results on Wednesday, July 15th. The company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.46 by $0.01. The company had revenue of $2.88 billion during the quarter, compared to the consensus estimate of $2.89 billion. Conagra Brands had a negative net margin of 0.39% and a positive return on equity of 10.15%. The company’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.56 earnings per share. Conagra Brands has set its FY 2027 guidance at 1.400-1.500 EPS. As a group, research analysts expect that Conagra Brands will post 1.7 EPS for the current year.

Institutional Investors Weigh In On Conagra Brands

Large investors have recently bought and sold shares of the business. Wedge Capital Management L L P NC increased its position in Conagra Brands by 18.6% during the second quarter. Wedge Capital Management L L P NC now owns 303,432 shares of the company’s stock worth $4,084,000 after buying an additional 47,658 shares during the last quarter. Tema ETFs LLC lifted its position in shares of Conagra Brands by 9.3% in the second quarter. Tema ETFs LLC now owns 8,546 shares of the company’s stock worth $115,000 after buying an additional 725 shares during the last quarter. Fruth Investment Management boosted its stake in shares of Conagra Brands by 26.4% during the 2nd quarter. Fruth Investment Management now owns 110,100 shares of the company’s stock worth $1,481,000 after acquiring an additional 23,000 shares in the last quarter. Steadtrust LLC boosted its stake in shares of Conagra Brands by 124.1% during the 2nd quarter. Steadtrust LLC now owns 76,200 shares of the company’s stock worth $1,026,000 after acquiring an additional 42,200 shares in the last quarter. Finally, Atlas Brown Inc. increased its holdings in shares of Conagra Brands by 58.3% during the 2nd quarter. Atlas Brown Inc. now owns 20,073 shares of the company’s stock valued at $270,000 after acquiring an additional 7,392 shares during the last quarter. 83.75% of the stock is currently owned by institutional investors.

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.