Conagra Brands (NYSE:CAG) Price Target Cut to $18.00 by Analysts at Deutsche Bank Aktiengesellschaft

Conagra Brands (NYSE:CAG) had its price target reduced by equities research analysts at Deutsche Bank Aktiengesellschaft from $19.00 to $18.00 in a research note issued to investors on Monday,MarketScreener reports. The brokerage presently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft’s price target indicates a potential upside of 3.53% from the stock’s current price.

Other equities research analysts have also issued reports about the company. Royal Bank Of Canada set a $20.00 target price on Conagra Brands and gave the company a “sector perform” rating in a research report on Monday. Morgan Stanley upped their price target on shares of Conagra Brands from $20.00 to $21.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 24th. Evercore ISI cut their price target on shares of Conagra Brands from $24.00 to $23.00 and set an “in-line” rating for the company in a research note on Wednesday, September 24th. Wells Fargo & Company decreased their target price on shares of Conagra Brands from $20.00 to $19.00 and set an “equal weight” rating on the stock in a research report on Friday, December 12th. Finally, Zacks Research upgraded Conagra Brands from a “strong sell” rating to a “hold” rating in a report on Thursday, October 2nd. One research analyst has rated the stock with a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Conagra Brands has an average rating of “Reduce” and a consensus target price of $19.50.

Conagra Brands Stock Performance

Shares of CAG stock opened at $17.39 on Monday. Conagra Brands has a one year low of $16.60 and a one year high of $28.51. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.06 and a quick ratio of 0.44. The business’s 50 day simple moving average is $17.65 and its 200 day simple moving average is $18.94. The stock has a market capitalization of $8.32 billion, a PE ratio of -78.57 and a beta of -0.01.

Conagra Brands (NYSE:CAG) last issued its quarterly earnings results on Friday, December 19th. The company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.01. Conagra Brands had a return on equity of 11.72% and a net margin of 7.42%.The firm had revenue of $2.98 billion for the quarter, compared to analyst estimates of $3 billion. During the same period in the previous year, the firm earned $0.70 earnings per share. The company’s revenue was down 6.8% compared to the same quarter last year. Conagra Brands has set its FY 2026 guidance at 1.700-1.85 EPS. As a group, research analysts forecast that Conagra Brands will post 2.35 earnings per share for the current year.

Insider Buying and Selling at Conagra Brands

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

Institutional Trading of Conagra Brands

Hedge funds and other institutional investors have recently made changes to their positions in the business. AIA Group Ltd lifted its position in shares of Conagra Brands by 238.9% in the 3rd quarter. AIA Group Ltd now owns 205,954 shares of the company’s stock valued at $3,771,000 after acquiring an additional 145,191 shares in the last quarter. Allworth Financial LP increased its position in Conagra Brands by 69.0% during the third quarter. Allworth Financial LP now owns 12,161 shares of the company’s stock worth $223,000 after acquiring an additional 4,966 shares during the period. IFP Advisors Inc increased its position in shares of Conagra Brands by 32.0% during the third quarter. IFP Advisors Inc now owns 209,446 shares of the company’s stock valued at $3,869,000 after purchasing an additional 50,776 shares during the period. Groupama Asset Managment boosted its holdings in Conagra Brands by 31.5% during the third quarter. Groupama Asset Managment now owns 23,112 shares of the company’s stock valued at $423,000 after purchasing an additional 5,533 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of Conagra Brands by 15.6% during the third quarter. JPMorgan Chase & Co. now owns 3,021,478 shares of the company’s stock worth $55,323,000 after buying an additional 408,597 shares in the last quarter. 83.75% of the stock is currently owned by institutional investors.

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.