Conagra Brands (NYSE:CAG) Given New $14.00 Price Target at UBS Group

Conagra Brands (NYSE:CAG) had its price objective upped by UBS Group from $13.00 to $14.00 in a research note issued to investors on Thursday morning,Benzinga reports. The brokerage currently has a neutral rating on the stock.

Other equities research analysts have also issued reports about the company. Evercore cut their target price on Conagra Brands from $18.00 to $13.00 in a research report on Wednesday, June 10th. Wells Fargo & Company decreased their price target on Conagra Brands from $14.00 to $13.00 and set an “underweight” rating for the company in a research report on Monday, May 18th. Deutsche Bank Aktiengesellschaft dropped their price target on Conagra Brands from $14.00 to $12.00 and set a “hold” rating on the stock in a research note on Thursday, June 18th. Zacks Research downgraded Conagra Brands from a “hold” rating to a “strong sell” rating in a report on Monday, May 11th. Finally, BNP Paribas Exane reduced their price objective on shares of Conagra Brands from $16.00 to $14.00 and set a “neutral” rating for the company in a research note on Thursday, May 21st. One analyst has rated the stock with a Buy rating, eleven have assigned a Hold rating and six have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average price target of $14.00.

Conagra Brands Trading Up 2.8%

Conagra Brands stock opened at $14.48 on Thursday. The firm has a market cap of $6.93 billion, a price-to-earnings ratio of -3.62 and a beta of -0.02. Conagra Brands has a 1 year low of $12.53 and a 1 year high of $20.32. The firm’s 50 day moving average price is $13.60 and its two-hundred day moving average price is $15.72. 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 announced its quarterly earnings data on Wednesday, July 15th. The company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.01. The company had revenue of $2.88 billion during the quarter, compared to the consensus estimate of $2.89 billion. Conagra Brands had a positive return on equity of 10.44% and a negative net margin of 16.99%.The company’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.56 EPS. Conagra Brands has set its FY 2027 guidance at 1.400-1.500 EPS. On average, research analysts predict that Conagra Brands will post 1.5 EPS for the current fiscal year.

Conagra Brands Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Thursday, July 30th will be given a dividend of $0.175 per share. The ex-dividend date of this dividend is Thursday, July 30th. This represents a $0.70 dividend on an annualized basis and a yield of 4.8%. Conagra Brands’s payout ratio is presently -35.00%.

Institutional Investors Weigh In On Conagra Brands

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CAG. Norges Bank acquired a new position in shares of Conagra Brands in the fourth quarter worth $145,656,000. Two Sigma Investments LP raised its holdings in shares of Conagra Brands by 239.6% during the third quarter. Two Sigma Investments LP now owns 8,347,163 shares of the company’s stock worth $152,837,000 after acquiring an additional 5,889,542 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in Conagra Brands by 245.5% during the third quarter. Arrowstreet Capital Limited Partnership now owns 7,734,061 shares of the company’s stock valued at $141,611,000 after purchasing an additional 5,495,503 shares during the last quarter. AQR Capital Management LLC boosted its position in Conagra Brands by 216.2% during the third quarter. AQR Capital Management LLC now owns 7,459,654 shares of the company’s stock valued at $135,318,000 after purchasing an additional 5,100,424 shares during the last quarter. Finally, Qube Research & Technologies Ltd grew its stake in Conagra Brands by 241.9% in the third quarter. Qube Research & Technologies Ltd now owns 5,915,490 shares of the company’s stock valued at $108,313,000 after purchasing an additional 4,185,486 shares in the last quarter. Hedge funds and other institutional investors own 83.75% of the company’s stock.

Conagra Brands News Summary

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

• Positive Sentiment: Conagra beat quarterly EPS estimates and posted 3.6% year-over-year revenue growth, which helped offset some of the weaker parts of the report. Article Title
• Positive Sentiment: Several analysts lifted price targets after the update, including JPMorgan to $15 and UBS to $14, suggesting the new outlook may be more realistic even if growth is modest. Article Title
• Positive Sentiment: Investors are viewing the dividend cut as a way to free up roughly $335 million annually for debt reduction and reinvestment, which could support a turnaround under new management. Article Title
• Neutral Sentiment: Management is pursuing a “strategic reset,” including higher reinvestment, a margin reset, supply-chain improvements, and portfolio simplification, which could help long term but will take time to show results. Article Title
• Neutral Sentiment: Jefferies kept a Hold rating and raised its target to $14, reflecting a cautious stance after revenue and operating profit came in below expectations. Article Title
• Negative Sentiment: Conagra’s fiscal 2027 EPS guidance of $1.40 to $1.50 came in below Wall Street expectations, signaling ongoing profit pressure. Article Title
• Negative Sentiment: The company also reported a quarterly loss and announced a 50% dividend reduction, underscoring the strain from higher costs and weaker margins. Article Title

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.