Conagra Brands (NYSE:CAG) Stock Rated “Reduce” by Wall Street Analysts

Shares of Conagra Brands (NYSE:CAG) have been given an average recommendation of “Reduce” by the eighteen analysts that are covering the firm, Marketbeat reports. Five research analysts have rated the stock with a sell recommendation, twelve have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $14.07.

A number of research firms have recently issued reports on CAG. Zacks Research upgraded shares of Conagra Brands from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 1st. Weiss Ratings restated a “sell (d)” rating on shares of Conagra Brands in a report on Tuesday, September 22nd. Deutsche Bank Aktiengesellschaft upped their price target on Conagra Brands from $12.00 to $13.00 and gave the stock a “hold” rating in a report on Friday, September 18th. JPMorgan Chase & Co. raised their price objective on Conagra Brands from $14.00 to $15.00 and gave the company a “neutral” rating in a research note on Thursday, July 16th. Finally, Barclays reduced their price objective on Conagra Brands from $17.00 to $16.00 and set an “overweight” rating for the company in a report on Friday, October 2nd.

Conagra Brands Price Performance

Shares of NYSE:CAG traded up $0.30 on Friday, reaching $14.48. 9,266,487 shares of the company were exchanged, compared to its average volume of 14,947,163. The company has a 50-day moving average of $14.90 and a 200-day moving average of $14.43. The company has a current ratio of 1.10, a quick ratio of 0.39 and a debt-to-equity ratio of 1.08. The firm has a market cap of $6.91 billion, a price-to-earnings ratio of -3.64 and a beta of 0.02. Conagra Brands has a 1-year low of $12.53 and a 1-year high of $20.32.

Conagra Brands (NYSE:CAG) last announced its quarterly earnings data on Wednesday, September 30th. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.28 by $0.13. The firm had revenue of $2.60 billion during the quarter, compared to analysts’ expectations of $2.59 billion. Conagra Brands had a negative net margin of 16.95% and a positive return on equity of 11.46%. The business’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.39 earnings per share. Conagra Brands has set its FY 2027 guidance at 1.400-1.500 EPS. Equities analysts forecast that Conagra Brands will post 1.46 earnings per share for the current fiscal year.

Conagra Brands Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 3rd. Shareholders of record on Thursday, November 5th will be issued a $0.1750 dividend. The ex-dividend date of this dividend is Thursday, November 5th. This represents a $0.70 annualized dividend and a yield of 4.8%. Conagra Brands’s dividend payout ratio is -17.59%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. TT Capital Management LLC boosted its position in shares of Conagra Brands by 11.2% in the 3rd quarter. TT Capital Management LLC now owns 14,911 shares of the company’s stock worth $200,000 after buying an additional 1,500 shares in the last quarter. Curated Wealth Partners LLC acquired a new stake in Conagra Brands in the 3rd quarter valued at about $220,000. Mather Group LLC. increased its holdings in Conagra Brands by 16.3% during the 3rd quarter. Mather Group LLC. now owns 68,083 shares of the company’s stock valued at $915,000 after acquiring an additional 9,524 shares in the last quarter. Triumph Capital Management increased its holdings in Conagra Brands by 36.2% during the 3rd quarter. Triumph Capital Management now owns 9,872 shares of the company’s stock valued at $133,000 after acquiring an additional 2,626 shares in the last quarter. Finally, Krilogy Financial LLC increased its holdings in Conagra Brands by 5.0% during the 3rd quarter. Krilogy Financial LLC now owns 64,836 shares of the company’s stock valued at $887,000 after acquiring an additional 3,075 shares in the last quarter. Institutional investors and hedge funds own 83.75% of the company’s stock.

About Conagra Brands

Conagra Brands, Inc is a packaged food company headquartered in Chicago, Illinois. The company develops, produces and markets branded food products sold through grocery stores, mass merchandisers, club stores, convenience stores, foodservice operators and e-commerce channels.

Its portfolio includes frozen, refrigerated, grocery and snack products. Well-known brands include Birds Eye, Healthy Choice, Marie Callender’s, Banquet, Duncan Hines, Reddi-wip, Slim Jim, Hunt’s, Chef Boyardee, Orville Redenbacher’s, Vlasic, PAM and Angie’s BOOMCHICKAPOP.