Bank of America Has Lowered Expectations for Conagra Brands (NYSE:CAG) Stock Price

Conagra Brands (NYSE:CAG) had its target price dropped by analysts at Bank of America from $18.00 to $17.00 in a report issued on Monday,Benzinga reports. The brokerage currently has an “underperform” rating on the stock. Bank of America‘s target price indicates a potential upside of 0.19% from the company’s previous close.

A number of other research firms have also weighed in on CAG. Jefferies Financial Group reduced their price objective on Conagra Brands from $19.00 to $18.00 and set a “hold” rating for the company in a research report on Thursday, December 11th. Stifel Nicolaus cut their target price on Conagra Brands from $21.00 to $19.00 and set a “hold” rating on the stock in a research note on Thursday, December 11th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Conagra Brands in a research report on Wednesday, October 8th. UBS Group dropped their price target on shares of Conagra Brands from $20.00 to $19.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 24th. Finally, Zacks Research raised shares of Conagra Brands from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 2nd. One equities research analyst has rated the stock with a Buy rating, thirteen have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus target price of $19.29.

Conagra Brands Trading Down 1.7%

Shares of NYSE CAG opened at $16.97 on Monday. Conagra Brands has a 1 year low of $16.60 and a 1 year high of $28.51. 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 firm has a 50-day moving average of $17.60 and a 200 day moving average of $18.86. The stock has a market cap of $8.12 billion, a P/E ratio of -77.13 and a beta of -0.01.

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

Insider Activity

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

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of CAG. Edmp Inc. grew its stake in shares of Conagra Brands by 1.1% during the 2nd quarter. Edmp Inc. now owns 48,675 shares of the company’s stock valued at $996,000 after purchasing an additional 544 shares during the period. Vontobel Holding Ltd. grew its position in Conagra Brands by 1.5% during the second quarter. Vontobel Holding Ltd. now owns 36,171 shares of the company’s stock valued at $740,000 after buying an additional 546 shares during the period. Ameriflex Group Inc. grew its position in Conagra Brands by 20.3% during the second quarter. Ameriflex Group Inc. now owns 3,327 shares of the company’s stock valued at $68,000 after buying an additional 561 shares during the period. DekaBank Deutsche Girozentrale increased its holdings in Conagra Brands by 0.3% during the second quarter. DekaBank Deutsche Girozentrale now owns 172,140 shares of the company’s stock valued at $3,483,000 after buying an additional 585 shares during the last quarter. Finally, Sutton Place Investors LLC raised its position in Conagra Brands by 1.9% in the third quarter. Sutton Place Investors LLC now owns 31,196 shares of the company’s stock worth $571,000 after acquiring an additional 585 shares during the period. Institutional investors own 83.75% of the company’s stock.

More Conagra Brands News

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

• Neutral Sentiment: Morgan Stanley kept an equal-weight rating on CAG, signaling no change in conviction from that shop and providing no clear upside catalyst. Morgan Stanley maintains Conagra Brands (CAG) equal-weight recommendation
• Neutral Sentiment: A Globe and Mail roundup highlights mixed analyst views on consumer-packaged-food names including Conagra, underscoring a lack of consensus that can keep volatility elevated but not decisively bullish. Analysts Conflicted on These Consumer Goods Names: Lamb Weston Holdings (LW) and Conagra Brands (CAG)
• Negative Sentiment: Analysts cut forecasts after Conagra’s mixed Q2 results: revenue declined year-over-year and, while EPS slightly beat, the overall tone prompted downward revisions to near-term estimates. That earnings-driven re‑forecasting is a direct headwind for the stock. These Analysts Cut Their Forecasts On Conagra Brands After Q2 Results
• Negative Sentiment: Bank of America lowered its price target to $17 and kept an underperform rating, signaling limited near-term upside and adding selling pressure from a major institutional view. B of A Securities maintains Conagra Brands (CAG) underperform recommendation
• Negative Sentiment: Evercore ISI trimmed its target to $22 (from $23) and stayed “in-line,” reflecting slightly reduced expectations for recovery and contributing to the negative analyst momentum. Evercore ISI adjusts price target on Conagra Brands to $22 from $23; maintains in-line rating
• Negative Sentiment: Deutsche Bank cut its target to $18 and kept a hold rating, and TD Cowen made a similar adjustment to $18 — both moves reinforce the sell/neutral tilt among sell‑side analysts. Deutsche Bank lowers price target on Conagra Brands to $18 from $19; keeps hold rating TD Cowen adjusts price target on Conagra Brands to $18 from $19; maintains hold rating

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.