UBS Group Cuts Conagra Brands (NYSE:CAG) Price Target to $16.00

Conagra Brands (NYSE:CAG) had its price objective reduced by UBS Group from $20.00 to $16.00 in a report issued on Thursday morning,Benzinga reports. UBS Group currently has a neutral rating on the stock.

Several other equities analysts have also recently issued reports on the company. Barclays reduced their price objective on Conagra Brands from $21.00 to $18.00 and set an “overweight” rating on the stock in a research note on Thursday. Zacks Research upgraded shares of Conagra Brands from a “strong sell” rating to a “hold” rating in a research note on Friday, February 20th. Morgan Stanley reduced their price target on shares of Conagra Brands from $19.00 to $17.00 and set an “equal weight” rating on the stock in a research report on Thursday. The Goldman Sachs Group decreased their price target on shares of Conagra Brands from $17.00 to $15.00 and set a “sell” rating for the company in a report on Thursday. Finally, Stifel Nicolaus lowered their price objective on shares of Conagra Brands from $19.00 to $17.00 and set a “hold” rating for the company in a research report on Thursday. Two research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus target price of $16.27.

Conagra Brands Stock Down 0.1%

Shares of Conagra Brands stock opened at $15.71 on Thursday. The business has a 50-day moving average price of $17.77 and a 200 day moving average price of $17.71. Conagra Brands has a fifty-two week low of $15.03 and a fifty-two week high of $27.68. The firm has a market cap of $7.51 billion, a P/E ratio of -157.03 and a beta of 0.04. The company has a quick ratio of 0.28, a current ratio of 0.90 and a debt-to-equity ratio of 0.79.

Conagra Brands (NYSE:CAG) last released its earnings results on Wednesday, April 1st. The company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.01). The firm had revenue of $2.79 billion for 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 quarterly revenue was down 1.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.51 EPS. On average, sell-side analysts forecast that Conagra Brands will post 2.35 earnings per share for the current fiscal year.

Conagra Brands Announces Dividend

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

Hedge Funds Weigh In On Conagra Brands

Several hedge funds and other institutional investors have recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Conagra Brands by 45.3% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 342,942 shares of the company’s stock worth $6,485,000 after acquiring an additional 106,891 shares during the period. AE Wealth Management LLC boosted its stake in Conagra Brands by 13.7% during the 3rd quarter. AE Wealth Management LLC now owns 720,093 shares of the company’s stock valued at $13,185,000 after purchasing an additional 86,604 shares during the period. JPMorgan Chase & Co. grew its position in Conagra Brands by 15.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,021,478 shares of the company’s stock worth $55,323,000 after purchasing an additional 408,597 shares during the last quarter. AIA Group Ltd increased its stake in shares of Conagra Brands by 238.9% in the third quarter. AIA Group Ltd now owns 205,954 shares of the company’s stock valued at $3,771,000 after purchasing an additional 145,191 shares during the period. Finally, Alps Advisors Inc. acquired a new stake in shares of Conagra Brands in the third quarter valued at approximately $7,310,000. Institutional investors and hedge funds own 83.75% of the company’s stock.

Key Conagra Brands News

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.