TD Cowen Cuts Conagra Brands (NYSE:CAG) Price Target to $18.00

Conagra Brands (NYSE:CAG) had its price target trimmed by TD Cowen from $19.00 to $18.00 in a report released on Monday morning, Marketbeat.com reports. The firm currently has a hold rating on the stock.

CAG has been the subject of several other reports. The Goldman Sachs Group cut their price target on shares of Conagra Brands from $18.00 to $16.00 and set a “sell” rating for the company in a report on Monday, November 24th. JPMorgan Chase & Co. cut their target price on shares of Conagra Brands from $20.00 to $19.00 and set a “neutral” rating for the company in a research note on Tuesday, December 16th. Stifel Nicolaus decreased their price target on Conagra Brands from $21.00 to $19.00 and set a “hold” rating on the stock in a research report on Thursday, December 11th. Deutsche Bank Aktiengesellschaft dropped their price target on Conagra Brands from $19.00 to $18.00 and set a “hold” rating for the company in a report on Monday. Finally, Zacks Research raised Conagra Brands from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 2nd. One investment analyst has rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Conagra Brands presently has an average rating of “Reduce” and a consensus target price of $19.29.

Conagra Brands Price Performance

Conagra Brands stock opened at $17.04 on Monday. The business has a 50 day simple moving average of $17.58 and a 200 day simple moving average of $18.85. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.89 and a quick ratio of 0.28. The company has a market capitalization of $8.15 billion, a PE ratio of -77.43 and a beta of -0.01. Conagra Brands has a one year low of $16.60 and a one year high of $28.51.

Conagra Brands (NYSE:CAG) last released its quarterly earnings data on Friday, December 19th. The company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.01. The firm 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%.The business’s revenue for the quarter was down 6.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.70 earnings per share. Conagra Brands has set its FY 2026 guidance at 1.700-1.85 EPS. On average, sell-side analysts forecast that Conagra Brands will post 2.35 EPS for the current fiscal year.

Conagra Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 26th. Investors of record on Tuesday, January 27th will be given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 8.2%. The ex-dividend date is Tuesday, January 27th. Conagra Brands’s dividend payout ratio (DPR) is presently -636.36%.

Insiders Place Their Bets

In other Conagra Brands news, SVP Melissa C. Napier sold 13,011 shares of the company’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 SEC, which is available through this hyperlink. Corporate insiders own 0.57% of the company’s stock.

Institutional Investors Weigh In On Conagra Brands

A number of institutional investors and hedge funds have recently modified their holdings of the business. Quaker Wealth Management LLC lifted its holdings in Conagra Brands by 202.3% in the second quarter. Quaker Wealth Management LLC now owns 1,227 shares of the company’s stock valued at $25,000 after buying an additional 2,427 shares during the period. CYBER HORNET ETFs LLC acquired a new stake in shares of Conagra Brands during the second quarter worth $26,000. True Wealth Design LLC increased its holdings in Conagra Brands by 844.4% in the third quarter. True Wealth Design LLC now owns 1,596 shares of the company’s stock valued at $29,000 after purchasing an additional 1,427 shares during the last quarter. MUFG Securities EMEA plc acquired a new position in Conagra Brands in the second quarter valued at about $29,000. Finally, Spire Wealth Management boosted its holdings in Conagra Brands by 249.0% during the third quarter. Spire Wealth Management now owns 1,724 shares of the company’s stock worth $32,000 after buying an additional 1,230 shares during the last quarter. 83.75% of the stock is 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.