Analysts Set Conagra Brands (NYSE:CAG) Target Price at $21.50

Shares of Conagra Brands (NYSE:CAG) have been given an average rating of “Reduce” by the fourteen brokerages that are covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation and one has given a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $21.50.

CAG has been the topic of a number of research analyst reports. Morgan Stanley increased their price objective on shares of Conagra Brands from $20.00 to $21.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 24th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Conagra Brands in a research note on Wednesday, October 8th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $22.00 price objective on shares of Conagra Brands in a research note on Thursday, October 2nd. Wells Fargo & Company boosted their price objective on Conagra Brands from $19.00 to $20.00 and gave the company an “equal weight” rating in a report on Thursday, October 2nd. Finally, JPMorgan Chase & Co. started coverage on Conagra Brands in a report on Wednesday, August 20th. They issued a “neutral” rating and a $20.00 target price on the stock.

Conagra Brands Stock Performance

Shares of CAG stock opened at $17.90 on Wednesday. The firm has a 50 day moving average of $17.99 and a 200-day moving average of $19.53. The company has a market cap of $8.56 billion, a price-to-earnings ratio of 10.17, a price-to-earnings-growth ratio of 1.65 and a beta of 0.03. The company has a quick ratio of 0.44, a current ratio of 1.06 and a debt-to-equity ratio of 0.81. Conagra Brands has a 52 week low of $16.60 and a 52 week high of $28.69.

Conagra Brands (NYSE:CAG) last released its earnings results on Wednesday, October 1st. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.06. The company had revenue of $2.63 billion for the quarter, compared to the consensus estimate of $2.62 billion. Conagra Brands had a net margin of 7.42% and a return on equity of 11.72%. Conagra Brands’s quarterly revenue was down 5.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.53 EPS. Conagra Brands has set its FY 2026 guidance at 1.700-1.85 EPS. On average, equities analysts forecast that Conagra Brands will post 2.35 earnings per share for the current year.

Conagra Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Thursday, October 30th were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 7.8%. The ex-dividend date of this dividend was Thursday, October 30th. Conagra Brands’s dividend payout ratio (DPR) is 79.55%.

Insider Activity

In other news, SVP Melissa C. Napier sold 13,011 shares of the business’s stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $17.19, for a total transaction of $223,659.09. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.57% of the stock is owned by corporate insiders.

Institutional Trading of Conagra Brands

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. lifted its holdings in shares of Conagra Brands by 15.6% in the third quarter. JPMorgan Chase & Co. now owns 3,021,478 shares of the company’s stock valued at $55,323,000 after purchasing an additional 408,597 shares in the last quarter. CIBC Private Wealth Group LLC raised its position in Conagra Brands by 43.6% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 4,840 shares of the company’s stock valued at $89,000 after buying an additional 1,470 shares during the last quarter. CIBC Bancorp USA Inc. purchased a new stake in Conagra Brands in the 3rd quarter valued at $2,926,000. Achmea Investment Management B.V. lifted its stake in Conagra Brands by 1.7% during the 3rd quarter. Achmea Investment Management B.V. now owns 49,554 shares of the company’s stock valued at $907,000 after acquiring an additional 849 shares in the last quarter. Finally, WBI Investments LLC boosted its holdings in Conagra Brands by 179.8% during the 3rd quarter. WBI Investments LLC now owns 144,926 shares of the company’s stock worth $2,654,000 after acquiring an additional 93,124 shares during the last quarter. 83.75% of the stock is owned by institutional investors.

Conagra Brands Company Profile

Conagra Brands, Inc, together with its subsidiaries, operates as a consumer packaged goods food company primarily in the United States. The company operates through Grocery & Snacks, Refrigerated & Frozen, International, and Foodservice segments. The Grocery & Snacks segment primarily offers shelf stable food products through various retail channels.