Weekly Investment Analysts’ Ratings Changes for Conagra Brands (CAG)

A number of research firms have changed their ratings and price targets for Conagra Brands (NYSE: CAG):

• 10/17/2024 – Conagra Brands had its price target raised by analysts at Wells Fargo & Company from $30.00 to $31.00. They now have an “equal weight” rating on the stock.
• 10/3/2024 – Conagra Brands was upgraded by analysts at BNP Paribas to a “strong-buy” rating.
• 10/3/2024 – Conagra Brands had its “sector perform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $29.00 price target on the stock.
• 10/3/2024 – Conagra Brands had its price target lowered by analysts at Bank of America Co. from $34.00 to $33.00. They now have a “neutral” rating on the stock.
• 9/17/2024 – Conagra Brands had its price target raised by analysts at Bank of America Co. from $31.00 to $34.00. They now have a “neutral” rating on the stock.

Conagra Brands Price Performance

Shares of NYSE CAG opened at $29.46 on Thursday. The stock has a fifty day simple moving average of $31.13 and a two-hundred day simple moving average of $30.29. Conagra Brands, Inc. has a 1-year low of $26.62 and a 1-year high of $33.24. The firm has a market cap of $14.08 billion, a price-to-earnings ratio of 40.35, a price-to-earnings-growth ratio of 3.01 and a beta of 0.32. The company has a current ratio of 0.94, a quick ratio of 0.33 and a debt-to-equity ratio of 0.86.

Conagra Brands (NYSE:CAG) last posted its earnings results on Wednesday, October 2nd. The company reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by ($0.07). The company had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.84 billion. Conagra Brands had a return on equity of 13.71% and a net margin of 4.14%. The company’s revenue was down 3.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.66 EPS. Analysts anticipate that Conagra Brands, Inc. will post 2.59 earnings per share for the current year.

Conagra Brands Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Thursday, October 31st will be given a dividend of $0.35 per share. The ex-dividend date is Thursday, October 31st. This represents a $1.40 annualized dividend and a dividend yield of 4.75%. Conagra Brands’s dividend payout ratio is currently 191.78%.

Insiders Place Their Bets

In other Conagra Brands news, COO Thomas M. Mcgough sold 40,000 shares of the stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $30.29, for a total transaction of $1,211,600.00. Following the sale, the chief operating officer now owns 161,443 shares in the company, valued at $4,890,108.47. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.88% of the company’s stock.

Institutional Investors Weigh In On Conagra Brands

A number of institutional investors and hedge funds have recently made changes to their positions in CAG. Innealta Capital LLC purchased a new stake in shares of Conagra Brands in the second quarter worth $25,000. Chilton Capital Management LLC purchased a new stake in shares of Conagra Brands in the second quarter worth $25,000. Hexagon Capital Partners LLC raised its position in shares of Conagra Brands by 82.8% in the third quarter. Hexagon Capital Partners LLC now owns 927 shares of the company’s stock worth $30,000 after buying an additional 420 shares in the last quarter. Whittier Trust Co. raised its position in Conagra Brands by 144.4% during the first quarter. Whittier Trust Co. now owns 1,415 shares of the company’s stock valued at $42,000 after purchasing an additional 836 shares in the last quarter. Finally, LRI Investments LLC purchased a new stake in Conagra Brands during the first quarter valued at about $42,000. Hedge funds and other institutional investors own 83.75% of the company’s stock.

Conagra Brands, Inc, together with its subsidiaries, operates as a consumer packaged goods food company primarily in the United States. The company operates through Grocery & Snacks, Refrigerated & Frozen, International, and Foodservice segments. The Grocery & Snacks segment primarily offers shelf stable food products through various retail channels.