Conagra Brands (NYSE:CAG) Price Target Raised to $15.00

Conagra Brands (NYSE:CAG) had its price target raised by JPMorgan Chase & Co. from $14.00 to $15.00 in a research note released on Thursday morning,Benzinga reports. They currently have a neutral rating on the stock.

A number of other analysts have also commented on the stock. Royal Bank Of Canada cut their price objective on shares of Conagra Brands from $16.00 to $14.00 and set a “sector perform” rating on the stock in a research report on Thursday. BTIG Research began coverage on shares of Conagra Brands in a research report on Monday, April 13th. They issued a “neutral” rating for the company. BNP Paribas Exane cut their price target on shares of Conagra Brands from $16.00 to $14.00 and set a “neutral” rating on the stock in a research report on Thursday, May 21st. Jefferies Financial Group reduced their price objective on shares of Conagra Brands from $15.00 to $13.00 and set a “hold” rating for the company in a research note on Wednesday, May 27th. Finally, Sanford C. Bernstein restated an “underperform” rating and issued a $12.00 price objective (down from $16.00) on shares of Conagra Brands in a report on Wednesday, June 3rd. One analyst has rated the stock with a Buy rating, eleven have assigned a Hold rating and six have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus target price of $14.07.

Conagra Brands Stock Down 1.2%

NYSE:CAG opened at $14.29 on Thursday. The stock has a 50-day simple moving average of $13.61 and a 200 day simple moving average of $15.71. Conagra Brands has a 52-week low of $12.53 and a 52-week high of $20.32. The company has a market cap of $6.84 billion, a PE ratio of -3.57 and a beta of -0.02. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.30 and a current ratio of 0.90.

Conagra Brands (NYSE:CAG) last released its earnings results on Wednesday, July 15th. The company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.46 by $0.01. Conagra Brands had a positive return on equity of 10.44% and a negative net margin of 16.99%.The firm had revenue of $2.88 billion for the quarter, compared to analysts’ expectations of $2.89 billion. During the same quarter in the previous year, the business posted $0.56 EPS. The business’s quarterly revenue was up 3.6% compared to the same quarter last year. Conagra Brands has set its FY 2027 guidance at 1.400-1.500 EPS. On average, sell-side analysts expect that Conagra Brands will post 1.45 EPS for the current fiscal year.

Conagra Brands Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Thursday, July 30th will be paid a $0.175 dividend. The ex-dividend date is Thursday, July 30th. This represents a $0.70 dividend on an annualized basis and a yield of 4.9%. Conagra Brands’s dividend payout ratio (DPR) is currently -35.00%.

Hedge Funds Weigh In On Conagra Brands

Hedge funds and other institutional investors have recently bought and sold shares of the business. NewEdge Advisors LLC raised its stake in Conagra Brands by 4.2% in the first quarter. NewEdge Advisors LLC now owns 23,541 shares of the company’s stock valued at $628,000 after buying an additional 954 shares during the period. United Services Automobile Association bought a new position in shares of Conagra Brands during the 1st quarter worth approximately $225,000. Empowered Funds LLC increased its holdings in shares of Conagra Brands by 5.9% during the 1st quarter. Empowered Funds LLC now owns 36,356 shares of the company’s stock worth $970,000 after acquiring an additional 2,038 shares during the last quarter. Woodline Partners LP increased its holdings in shares of Conagra Brands by 40.7% during the 1st quarter. Woodline Partners LP now owns 40,326 shares of the company’s stock worth $1,075,000 after acquiring an additional 11,664 shares during the last quarter. Finally, Gamco Investors INC. ET AL increased its holdings in shares of Conagra Brands by 3.9% during the 2nd quarter. Gamco Investors INC. ET AL now owns 50,450 shares of the company’s stock worth $1,033,000 after acquiring an additional 1,900 shares during the last quarter. Institutional investors own 83.75% of the company’s stock.

Conagra Brands News Roundup

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

• Positive Sentiment: Barclays raised its price target on Conagra Brands to $17 from $16 and kept an overweight rating, implying meaningful upside from current levels. Barclays raises Conagra price target
• Positive Sentiment: Jefferies reiterated a Hold rating but lifted its target to $14 from $13, and UBS also nudged its target higher to $14, suggesting analysts see some stabilization after the post-earnings reset. Conagra begins strategic reset with dividend cut and higher reinvestment
• Positive Sentiment: Several reports argue that Conagra’s dividend cut could be constructive because it frees up about $335 million annually for debt reduction and brand investment, which may support a longer-term turnaround. Why Conagra’s dividend cut could be the best thing for investors
• Neutral Sentiment: The company’s Q4 results were mixed: adjusted EPS was roughly in line, but revenue and operating profit missed expectations and management issued a weak annual outlook. Reuters: Conagra forecasts annual profit below estimates
• Neutral Sentiment: Management is emphasizing a margin reset, supply-chain improvements, portfolio simplification, and selective reinvestment, which supports the idea of a turnaround but also highlights that the recovery will take time. Q4 earnings call highlights margin reset and cost focus
• Negative Sentiment: The dividend cut and below-estimate profit outlook signal ongoing pressure on earnings and cash flow, which remains a concern for income-focused investors. Seeking Alpha commentary on Conagra dividend cut

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.