Conagra Brands (NYSE:CAG) Stock Rating Lowered by Wall Street Zen

Conagra Brands (NYSE:CAG) was downgraded by analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued on Saturday.

A number of other research analysts have also recently issued reports on the stock. JPMorgan Chase & Co. lowered their price target on shares of Conagra Brands from $20.00 to $19.00 and set a “neutral” rating for the company in a research report on Tuesday, December 16th. The Goldman Sachs Group decreased their target price on shares of Conagra Brands from $18.00 to $16.00 and set a “sell” rating for the company in a research note on Monday, November 24th. Stifel Nicolaus dropped 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. Morgan Stanley reduced their price objective on Conagra Brands from $21.00 to $19.00 and set an “equal weight” rating for the company in a research report on Monday, December 22nd. Finally, Royal Bank Of Canada lowered their price objective on Conagra Brands from $22.00 to $20.00 and set a “sector perform” rating for the company in a research note on Monday, December 22nd. One analyst has rated the stock with a Buy rating, thirteen have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Reduce” and a consensus price target of $19.07.

Conagra Brands Trading Up 1.0%

CAG opened at $17.25 on Friday. The company has a quick ratio of 0.28, a current ratio of 0.89 and a debt-to-equity ratio of 0.80. Conagra Brands has a 52 week low of $16.60 and a 52 week high of $28.51. The stock has a market cap of $8.25 billion, a PE ratio of -78.39 and a beta of -0.01. The business has a 50 day moving average of $17.53 and a 200-day moving average of $18.75.

Conagra Brands (NYSE:CAG) last posted its quarterly earnings data on Friday, December 19th. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.01. The business had revenue of $2.98 billion during the quarter, compared to the consensus estimate of $3 billion. Conagra Brands had a positive return on equity of 10.59% and a negative net margin of 0.87%.The firm’s quarterly revenue was down 6.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.70 earnings per share. Conagra Brands has set its FY 2026 guidance at 1.700-1.85 EPS. Equities research analysts predict that Conagra Brands will post 2.35 earnings per share for the current fiscal year.

Insider Buying and Selling at Conagra Brands

In other news, SVP Melissa C. Napier sold 13,011 shares of the company’s stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $17.19, for a total transaction of $223,659.09. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.57% of the stock is owned by corporate insiders.

Institutional Trading of Conagra Brands

Large investors have recently modified their holdings of the company. 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 acquiring an additional 2,427 shares during the period. CYBER HORNET ETFs LLC purchased a new stake in shares of Conagra Brands during the 2nd quarter valued at about $26,000. MUFG Securities EMEA plc purchased a new stake in shares of Conagra Brands during the 2nd quarter valued at about $29,000. True Wealth Design LLC lifted its stake in shares of Conagra Brands by 844.4% in the 3rd quarter. True Wealth Design LLC now owns 1,596 shares of the company’s stock worth $29,000 after purchasing an additional 1,427 shares during the period. Finally, Clearstead Trust LLC boosted its holdings in shares of Conagra Brands by 522.1% in the second quarter. Clearstead Trust LLC now owns 1,636 shares of the company’s stock worth $33,000 after buying an additional 1,373 shares during the last quarter. 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.