The Goldman Sachs Group Cuts Conagra Brands (NYSE:CAG) Price Target to $15.00

Conagra Brands (NYSE:CAG) had its price objective lowered by The Goldman Sachs Group from $17.00 to $15.00 in a research report sent to investors on Thursday, Marketbeat.com reports. The brokerage currently has a sell rating on the stock.

Several other analysts have also issued reports on CAG. Stifel Nicolaus cut their target price on Conagra Brands from $21.00 to $19.00 and set a “hold” rating for the company in a research note on Thursday, December 11th. Barclays lowered their price objective on shares of Conagra Brands from $21.00 to $18.00 and set an “overweight” rating for the company in a report on Thursday. Jefferies Financial Group cut their price objective on shares of Conagra Brands from $16.00 to $15.00 and set a “hold” rating for the company in a research note on Monday, March 30th. Evercore reduced their target price on shares of Conagra Brands from $22.00 to $19.00 in a report on Friday, January 9th. Finally, Sanford C. Bernstein decreased their target price on shares of Conagra Brands from $21.00 to $18.00 and set a “market perform” rating on the stock in a research report on Monday, December 22nd. Two analysts have rated the stock with a Buy rating, eleven have given a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, Conagra Brands presently has an average rating of “Reduce” and an average price target of $16.27.

Conagra Brands Trading Down 0.1%

Shares of CAG stock opened at $15.71 on Thursday. The business has a 50-day moving average price of $17.77 and a two-hundred day moving average price of $17.71. Conagra Brands has a 12-month low of $15.03 and a 12-month high of $27.68. The company has a quick ratio of 0.28, a current ratio of 0.90 and a debt-to-equity ratio of 0.79. The firm has a market cap of $7.51 billion, a P/E ratio of -157.03 and a beta of 0.04.

Conagra Brands (NYSE:CAG) last announced its quarterly earnings data on Wednesday, April 1st. The company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.01). The firm had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.76 billion. Conagra Brands had a negative net margin of 0.39% and a positive return on equity of 10.15%. Conagra Brands’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.51 earnings per share. Equities analysts anticipate 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 given a $0.35 dividend. The ex-dividend date is Thursday, April 30th. This represents a $1.40 annualized dividend and a yield of 8.9%. Conagra Brands’s payout ratio is presently -1,400.00%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC boosted its position in Conagra Brands by 45.3% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 342,942 shares of the company’s stock valued at $6,485,000 after buying an additional 106,891 shares during the period. AE Wealth Management LLC increased its position in shares of Conagra Brands by 13.7% in the third quarter. AE Wealth Management LLC now owns 720,093 shares of the company’s stock valued at $13,185,000 after acquiring an additional 86,604 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Conagra Brands by 15.6% during the third quarter. JPMorgan Chase & Co. now owns 3,021,478 shares of the company’s stock valued at $55,323,000 after acquiring an additional 408,597 shares during the last quarter. AIA Group Ltd boosted its holdings in shares of Conagra Brands by 238.9% during the third quarter. AIA Group Ltd now owns 205,954 shares of the company’s stock worth $3,771,000 after purchasing an additional 145,191 shares during the period. Finally, Alps Advisors Inc. bought a new stake in shares of Conagra Brands in the third quarter worth about $7,310,000. 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:

• Positive Sentiment: Management said organic sales growth and volume trends are improving, suggesting demand recovery that could support revenue stabilization going forward. Conagra Returns to Organic Sales Growth
• Positive Sentiment: Some analysts continue constructive views (overweight/outperform ratings remain at a few firms), providing a floor for sentiment if execution improves. Analysts Slash Forecasts After Q3 Results
• Neutral Sentiment: Full prepared remarks and call transcript are available — useful for gauging management’s guidance, cost outlook and planned margin actions but contain mixed signals rather than new catalysts. Earnings Call Prepared Remarks Transcript
• Negative Sentiment: Q3 EPS missed estimates ($0.39 vs. $0.40) and management issued a cautious near-term outlook, raising concerns about margin pressure from inflation and costs. That miss is the primary immediate driver of the share decline. Q3 Earnings Call Transcript (EPS Miss)
• Negative Sentiment: Major brokerages slashed price targets and some downgraded ratings (Goldman, Wells Fargo and multiple peers cut PTs), amplifying selling pressure and lowering the analyst-driven support level for the stock. These Analysts Slash Their Forecasts
• Negative Sentiment: Investor governance/ transparency flag: commentary that no insiders set trading plans has raised questions about management confidence and disclosure practices, a potential sentiment headwind for some holders. Insider Trading Plans and Transparency Concerns

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.