Royal Bank Of Canada Cuts Conagra Brands (NYSE:CAG) Price Target to $17.00

Conagra Brands (NYSE:CAG) had its price target cut by Royal Bank Of Canada from $20.00 to $17.00 in a research report sent to investors on Thursday morning, Marketbeat reports. They currently have a sector perform rating on the stock.

A number of other research analysts have also commented on the company. Zacks Research raised Conagra Brands from a “strong sell” rating to a “hold” rating in a report on Friday, February 20th. Morgan Stanley restated an “overweight” rating on shares of Conagra Brands in a report on Wednesday, February 18th. Deutsche Bank Aktiengesellschaft decreased their target price on Conagra Brands from $18.00 to $14.00 and set a “hold” rating for the company in a research report on Monday, March 30th. JPMorgan Chase & Co. dropped their price target on shares of Conagra Brands from $19.00 to $17.00 and set a “neutral” rating on the stock in a research report on Friday, March 20th. Finally, TD Cowen reduced their price objective on shares of Conagra Brands from $18.00 to $14.00 and set a “hold” rating for the company in a research note on Wednesday, March 25th. Two equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, Conagra Brands has a consensus rating of “Reduce” and an average price target of $16.27.

Conagra Brands Stock Down 0.1%

Conagra Brands stock opened at $15.71 on Thursday. The company has a current ratio of 0.90, a quick ratio of 0.28 and a debt-to-equity ratio of 0.79. Conagra Brands has a 1-year low of $15.03 and a 1-year high of $27.68. The firm’s fifty day simple moving average is $17.77 and its 200-day simple moving average is $17.71. The company has a market capitalization of $7.51 billion, a P/E ratio of -157.03 and a beta of 0.04.

Conagra Brands (NYSE:CAG) last issued its quarterly earnings data on Wednesday, April 1st. The company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.01). The business had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.76 billion. Conagra Brands had a positive return on equity of 10.15% and a negative net margin of 0.39%.The company’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.51 earnings per share. Sell-side analysts forecast that Conagra Brands will post 2.35 earnings per share for the current fiscal year.

Conagra Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 3rd. Investors of record on Thursday, April 30th will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 8.9%. The ex-dividend date of this dividend is Thursday, April 30th. Conagra Brands’s payout ratio is currently -1,400.00%.

Institutional Trading of Conagra Brands

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CAG. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Conagra Brands by 45.3% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 342,942 shares of the company’s stock valued at $6,485,000 after buying an additional 106,891 shares during the period. AE Wealth Management LLC increased its stake in Conagra Brands by 13.7% during the third quarter. AE Wealth Management LLC now owns 720,093 shares of the company’s stock valued at $13,185,000 after acquiring an additional 86,604 shares during the period. JPMorgan Chase & Co. raised its holdings in Conagra Brands by 15.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,021,478 shares of the company’s stock valued at $55,323,000 after acquiring an additional 408,597 shares in the last quarter. AIA Group Ltd raised its holdings in 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. Finally, Alps Advisors Inc. bought a new stake in shares of Conagra Brands in the 3rd quarter worth approximately $7,310,000. Institutional investors and hedge funds own 83.75% of the company’s stock.

Key Headlines Impacting Conagra Brands

Here are the key news stories impacting Conagra Brands this week:

• Positive Sentiment: Management said organic sales growth and volume trends are improving, suggesting demand recovery that could support revenue stabilization going forward. Conagra Returns to Organic Sales Growth
• Positive Sentiment: Some analysts continue constructive views (overweight/outperform ratings remain at a few firms), providing a floor for sentiment if execution improves. Analysts Slash Forecasts After Q3 Results
• Neutral Sentiment: Full prepared remarks and call transcript are available — useful for gauging management’s guidance, cost outlook and planned margin actions but contain mixed signals rather than new catalysts. Earnings Call Prepared Remarks Transcript
• Negative Sentiment: Q3 EPS missed estimates ($0.39 vs. $0.40) and management issued a cautious near-term outlook, raising concerns about margin pressure from inflation and costs. That miss is the primary immediate driver of the share decline. Q3 Earnings Call Transcript (EPS Miss)
• Negative Sentiment: Major brokerages slashed price targets and some downgraded ratings (Goldman, Wells Fargo and multiple peers cut PTs), amplifying selling pressure and lowering the analyst-driven support level for the stock. These Analysts Slash Their Forecasts
• Negative Sentiment: Investor governance/ transparency flag: commentary that no insiders set trading plans has raised questions about management confidence and disclosure practices, a potential sentiment headwind for some holders. Insider Trading Plans and Transparency Concerns

Conagra Brands Company Profile

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.