Sanford C. Bernstein Has Lowered Expectations for Conagra Brands (NYSE:CAG) Stock Price

Conagra Brands (NYSE:CAG) had its price target cut by Sanford C. Bernstein from $21.00 to $18.00 in a report released on Monday,MarketScreener reports. The brokerage currently has a “market perform” rating on the stock. Sanford C. Bernstein’s price objective would suggest a potential upside of 5.66% from the stock’s previous close.

CAG has been the topic of a number of other reports. Bank of America decreased their price objective on shares of Conagra Brands from $18.00 to $17.00 and set an “underperform” rating for the company in a report on Monday. Deutsche Bank Aktiengesellschaft reduced their price objective on Conagra Brands from $19.00 to $18.00 and set a “hold” rating for the company in a research report on Monday. Weiss Ratings reiterated a “sell (d+)” rating on shares of Conagra Brands in a research note on Wednesday, October 8th. Jefferies Financial Group reduced their price objective on Conagra Brands from $19.00 to $18.00 and set a “hold” rating for the company in a research note on Thursday, December 11th. Finally, Stifel Nicolaus cut their price target on Conagra Brands from $21.00 to $19.00 and set a “hold” rating for the company in a report on Thursday, December 11th. One analyst has rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Conagra Brands currently has an average rating of “Reduce” and a consensus price target of $19.07.

Conagra Brands Trading Up 0.3%

Shares of CAG opened at $17.04 on Monday. The firm has a market cap of $8.15 billion, a P/E ratio of -77.43 and a beta of -0.01. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.28 and a current ratio of 0.89. The business has a 50-day moving average of $17.58 and a 200 day moving average of $18.85. Conagra Brands has a fifty-two week low of $16.60 and a fifty-two week high of $28.51.

Conagra Brands (NYSE:CAG) last issued its quarterly earnings data on Friday, December 19th. The company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.44 by $0.01. The company had revenue of $2.98 billion during the quarter, compared to analyst estimates of $3 billion. Conagra Brands had a positive return on equity of 10.59% and a negative net margin of 0.87%.Conagra Brands’s revenue was down 6.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.70 earnings per share. 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 EPS for the current year.

Insider Activity

In other news, SVP Melissa C. Napier sold 13,011 shares of Conagra Brands stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $17.19, for a total value of $223,659.09. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.57% of the company’s stock.

Institutional Trading of Conagra Brands

Several large investors have recently bought and sold shares of CAG. Edmp Inc. grew its holdings in Conagra Brands by 1.1% in the second quarter. Edmp Inc. now owns 48,675 shares of the company’s stock valued at $996,000 after purchasing an additional 544 shares during the period. Vontobel Holding Ltd. grew its holdings in shares of Conagra Brands by 1.5% in the second quarter. Vontobel Holding Ltd. now owns 36,171 shares of the company’s stock valued at $740,000 after purchasing an additional 546 shares during the period. Ameriflex Group Inc. grew its position in Conagra Brands by 20.3% in the second quarter. Ameriflex Group Inc. now owns 3,327 shares of the company’s stock worth $68,000 after acquiring an additional 561 shares during the period. DekaBank Deutsche Girozentrale lifted its stake in shares of Conagra Brands by 0.3% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 172,140 shares of the company’s stock valued at $3,483,000 after purchasing an additional 585 shares during the last quarter. Finally, 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. Hedge funds and other institutional investors own 83.75% of the company’s stock.

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.