Conagra Brands (CAG) - What Are Analysts Saying About This Stock?

Key Points

• Analysts are broadly cautious: Conagra has an average “Reduce” rating from 18 analysts—five sell, 12 hold, and one buy—with an average 12-month price target of $14.07.
• Latest quarterly results beat estimates: EPS was $0.41 versus the $0.28 consensus, and revenue was $2.60 billion, slightly above expectations; revenue was down 1.4% year over year.
• Conagra announced a quarterly dividend of $0.175 per share, equivalent to $0.70 annually and a 4.6% yield at the reported share price.

Conagra Brands (NYSE:CAG - Get Free Report) has earned an average rating of "Reduce" from the eighteen analysts that are presently covering the company, MarketBeat Ratings reports. Five analysts have rated the stock with a sell rating, twelve have issued a hold rating and one has given a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $14.07.

CAG has been the subject of a number of research reports. Barclays decreased their target price on shares of Conagra Brands from $17.00 to $16.00 and set an "overweight" rating for the company in a research note on Friday, October 2nd. JPMorgan Chase & Co. increased their price objective on Conagra Brands from $14.00 to $15.00 and gave the stock a "neutral" rating in a report on Thursday, July 16th. Royal Bank Of Canada reissued a "sector perform" rating and set a $14.00 price objective on shares of Conagra Brands in a research report on Thursday, October 1st. Evercore set a $13.00 target price on Conagra Brands in a research report on Tuesday, September 29th. Finally, Weiss Ratings restated a "sell (d)" rating on shares of Conagra Brands in a report on Tuesday, September 22nd.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. bought a new stake in Conagra Brands in the second quarter worth $1,071,275,000. Dimensional Fund Advisors LP raised its holdings in Conagra Brands by 9.7% during the first quarter. Dimensional Fund Advisors LP now owns 19,323,789 shares of the company's stock valued at $303,771,000 after buying an additional 1,701,624 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Conagra Brands in the second quarter worth about $47,815,000. Wilsey Asset Management Inc. boosted its stake in shares of Conagra Brands by 5.5% during the 2nd quarter. Wilsey Asset Management Inc. now owns 2,371,086 shares of the company's stock worth $31,915,000 after acquiring an additional 122,713 shares in the last quarter. Finally, Freestone Grove Partners LP bought a new stake in shares of Conagra Brands during the 2nd quarter worth about $30,316,000. Institutional investors own 83.75% of the company's stock.

Conagra Brands Price Performance

NYSE CAG opened at $15.21 on Wednesday. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.10 and a quick ratio of 0.39. The firm has a market capitalization of $7.26 billion, a price-to-earnings ratio of -3.82 and a beta of 0.02. The company has a 50 day simple moving average of $14.53 and a 200-day simple moving average of $15.25. Conagra Brands has a 52-week low of $12.53 and a 52-week high of $20.32.

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

Conagra Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 3rd. Shareholders of record on Thursday, November 5th will be given a $0.1750 dividend. This represents a $0.70 annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend is Thursday, November 5th. Conagra Brands's payout ratio is currently -17.59%.

Conagra Brands Company Profile

Conagra Brands is a packaged-food company that develops, manufactures and markets products for retail, foodservice and other customers. Its offerings include frozen meals and vegetables, snacks, baking products, condiments, cooking ingredients and meat snacks. The company's portfolio includes brands such as Birds Eye, Healthy Choice, Marie Callender's, Duncan Hines, Slim Jim, Orville Redenbacher's, Hunt's, Banquet and Reddi-wip. Its products are sold primarily in the United States, as well as in international markets.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.