Analysts’ Weekly Ratings Updates for Conagra Brands (CAG)

Several analysts have recently updated their ratings and price targets for Conagra Brands (NYSE: CAG):

• 12/23/2024 – Conagra Brands had its price target lowered by analysts at Barclays PLC from $33.00 to $32.00. They now have an “overweight” rating on the stock.
• 12/20/2024 – 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.
• 12/20/2024 – Conagra Brands had its price target lowered by analysts at Bank of America Co. from $31.00 to $29.00. They now have a “neutral” rating on the stock.
• 12/17/2024 – Conagra Brands had its price target lowered by analysts at Wells Fargo & Company from $31.00 to $30.00. They now have an “equal weight” rating on the stock.
• 12/11/2024 – Conagra Brands had its price target lowered by analysts at Citigroup Inc. from $31.00 to $29.00. They now have a “neutral” rating on the stock.

Conagra Brands Price Performance

CAG opened at $27.64 on Wednesday. The company has a quick ratio of 0.33, a current ratio of 0.94 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $13.19 billion, a P/E ratio of 26.83, a PEG ratio of 2.91 and a beta of 0.31. The stock has a fifty day moving average of $28.13 and a 200-day moving average of $29.48. Conagra Brands, Inc. has a 12-month low of $26.21 and a 12-month high of $33.24.

Conagra Brands (NYSE:CAG) last released its quarterly earnings data on Thursday, December 19th. The company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.02. The company had revenue of $3.20 billion during the quarter, compared to the consensus estimate of $3.15 billion. Conagra Brands had a net margin of 4.14% and a return on equity of 13.71%. The firm’s revenue for the quarter was down .4% compared to the same quarter last year. During the same period last year, the firm earned $0.71 EPS. Equities analysts forecast that Conagra Brands, Inc. will post 2.58 EPS for the current fiscal year.

Conagra Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 27th. Shareholders of record on Monday, January 27th will be given a dividend of $0.35 per share. The ex-dividend date is Monday, January 27th. This represents a $1.40 dividend on an annualized basis and a yield of 5.07%. Conagra Brands’s payout ratio is presently 137.25%.

Institutional Investors Weigh In On Conagra Brands

Several large investors have recently bought and sold shares of CAG. Innealta Capital LLC bought a new stake in Conagra Brands during the second quarter worth about $25,000. Chilton Capital Management LLC acquired a new stake in Conagra Brands in the 2nd quarter worth about $25,000. Hexagon Capital Partners LLC increased its stake in Conagra Brands by 82.8% during the 3rd quarter. Hexagon Capital Partners LLC now owns 927 shares of the company’s stock worth $30,000 after acquiring an additional 420 shares during the period. Abich Financial Wealth Management LLC bought a new stake in Conagra Brands during the third quarter worth about $47,000. Finally, Kennebec Savings Bank bought a new position in Conagra Brands in the third quarter valued at approximately $59,000. 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.