Conagra Brands (NYSE:CAG) Issues FY 2026 Earnings Guidance

Key Points

• FY 2026 EPS guidance of $1.70 was issued versus the consensus of $1.72, and the company did not provide revenue guidance.
• Conagra declared a quarterly dividend of $0.35 (annualized $1.40), implying a 9.0% yield; the ex-dividend date is April 30 and the payment date is June 3.
• Analyst sentiment has weakened—multiple firms cut price targets and the consensus rating is "Reduce" with an average target of $16.07, while the stock trades near a one‑year low around $15.50 after a recent EPS miss.

Conagra Brands (NYSE:CAG - Get Free Report) issued an update on its FY 2026 earnings guidance on Thursday morning. The company provided EPS guidance of 1.700-1.700 for the period, compared to the consensus EPS estimate of 1.720. The company issued revenue guidance of -.

Conagra Brands Stock Performance

NYSE CAG traded down $0.08 on Thursday, reaching $15.50. 4,570,819 shares of the stock were exchanged, compared to its average volume of 14,313,367. Conagra Brands has a one year low of $15.03 and a one year high of $26.33. The firm has a market capitalization of $7.42 billion, a PE ratio of -154.93 and a beta of 0.04. The company's 50-day simple moving average is $17.63 and its two-hundred day simple moving average is $17.65. The company has a current ratio of 0.90, a quick ratio of 0.28 and a debt-to-equity ratio of 0.79.

Conagra Brands (NYSE:CAG - Get Free Report) 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). Conagra Brands had a positive return on equity of 10.15% and a negative net margin of 0.39%.The firm had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.76 billion. During the same quarter in the previous year, the business posted $0.51 EPS. Conagra Brands's revenue was down 1.9% on a year-over-year basis. Analysts expect that Conagra Brands will post 2.35 EPS for the current fiscal year.

Conagra Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 3rd. Shareholders of record on Thursday, April 30th will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 9.0%. The ex-dividend date of this dividend is Thursday, April 30th. Conagra Brands's dividend payout ratio (DPR) is -1,400.00%.

Wall Street Analyst Weigh In

CAG has been the subject of a number of recent research reports. Evercore cut their target price on shares of Conagra Brands from $19.00 to $18.00 in a report on Thursday, April 2nd. The Goldman Sachs Group cut their price objective on shares of Conagra Brands from $17.00 to $15.00 and set a "sell" rating on the stock in a research report on Thursday, April 2nd. Wall Street Zen upgraded shares of Conagra Brands from a "sell" rating to a "hold" rating in a research report on Saturday, February 21st. Stifel Nicolaus cut their price objective on shares of Conagra Brands from $19.00 to $17.00 and set a "hold" rating on the stock in a research report on Thursday, April 2nd. Finally, Sanford C. Bernstein cut their price objective on shares of Conagra Brands from $18.00 to $16.00 and set a "market perform" rating on the stock in a research report on Thursday, April 2nd. One research analyst has rated the stock with a Buy rating, twelve have issued a Hold rating and four have given a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Reduce" and an average target price of $16.07.

Hedge Funds Weigh In On Conagra Brands

Several hedge funds have recently modified their holdings of CAG. CYBER HORNET ETFs LLC acquired a new position in shares of Conagra Brands during the second quarter valued at about $26,000. MUFG Securities EMEA plc acquired a new position in Conagra Brands in the 2nd quarter worth approximately $29,000. Caitong International Asset Management Co. Ltd acquired a new position in Conagra Brands in the 3rd quarter worth approximately $33,000. Lavaca Capital LLC increased its holdings in Conagra Brands by 111.4% in the 4th quarter. Lavaca Capital LLC now owns 2,019 shares of the company's stock worth $35,000 after buying an additional 1,064 shares during the period. Finally, Los Angeles Capital Management LLC acquired a new position in Conagra Brands in the 4th quarter worth approximately $41,000. Institutional investors and hedge funds own 83.75% of the company's stock.

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.

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