Conagra Brands (NYSE:CAG) Hits New 12-Month Low After Analyst Downgrade

Posted by Stanley Muller on May 28th, 2026

Conagra Brands (NYSE:CAG – Get Free Report)’s stock price hit a new 52-week low during trading on Thursday after Jefferies Financial Group lowered their price target on the stock from $15.00 to $13.00. Jefferies Financial Group currently has a hold rating on the stock. Conagra Brands traded as low as $13.14 and last traded at $13.4050, with a volume of 1390190 shares changing hands. The stock had previously closed at $13.33.

A number of other analysts have also weighed in on CAG. Evercore reduced their target price on Conagra Brands from $19.00 to $18.00 in a research note on Thursday, April 2nd. UBS Group cut their price target on shares of Conagra Brands from $20.00 to $16.00 and set a “neutral” rating on the stock in a report on Thursday, April 2nd. BTIG Research assumed coverage on shares of Conagra Brands in a research note on Monday, April 13th. They issued a “neutral” rating on the stock. BNP Paribas Exane lowered their price objective on shares of Conagra Brands from $16.00 to $14.00 and set a “neutral” rating for the company in a research report on Thursday, May 21st. Finally, JPMorgan Chase & Co. dropped their target price on shares of Conagra Brands from $19.00 to $17.00 and set a “neutral” rating on the stock in a research note on Friday, March 20th. One analyst has rated the stock with a Buy rating, twelve have assigned a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus price target of $15.47.

View Our Latest Stock Analysis on CAG

Insider Transactions at Conagra Brands

In other news, Director Richard H. Lenny purchased 25,000 shares of the stock in a transaction dated Tuesday, April 14th. The shares were acquired at an average cost of $14.34 per share, for a total transaction of $358,500.00. Following the acquisition, the director owned 229,340 shares of the company’s stock, valued at approximately $3,288,735.60. This represents a 12.23% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John J. Mulligan bought 17,500 shares of the stock in a transaction on Tuesday, April 14th. The stock was purchased at an average price of $14.31 per share, with a total value of $250,425.00. Following the completion of the purchase, the director owned 20,728 shares of the company’s stock, valued at $296,617.68. This represents a 542.13% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.57% of the stock is owned by company insiders.

Hedge Funds Weigh In On Conagra Brands

Hedge funds and other institutional investors have recently bought and sold shares of the business. Summit Financial Wealth Advisors LLC raised its position in Conagra Brands by 6.8% during the first quarter. Summit Financial Wealth Advisors LLC now owns 43,307 shares of the company’s stock valued at $681,000 after acquiring an additional 2,758 shares in the last quarter. Summitry LLC boosted its position in Conagra Brands by 104.6% in the 1st quarter. Summitry LLC now owns 46,300 shares of the company’s stock worth $728,000 after purchasing an additional 23,665 shares in the last quarter. Essential Partners LLC grew its stake in shares of Conagra Brands by 92.8% during the 1st quarter. Essential Partners LLC now owns 3,468 shares of the company’s stock worth $55,000 after purchasing an additional 1,669 shares during the period. Western Wealth Management LLC purchased a new position in shares of Conagra Brands during the 1st quarter valued at approximately $238,000. Finally, Kentucky Retirement Systems increased its holdings in shares of Conagra Brands by 16.6% during the 1st quarter. Kentucky Retirement Systems now owns 34,831 shares of the company’s stock valued at $548,000 after purchasing an additional 4,951 shares in the last quarter. Institutional investors and hedge funds own 83.75% of the company’s stock.

Conagra Brands Stock Performance

The firm’s 50 day moving average is $14.63 and its 200-day moving average is $16.69. The stock has a market capitalization of $6.46 billion and a price-to-earnings ratio of -134.94. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.30 and a current ratio of 0.90.

Conagra Brands (NYSE:CAG – Get Free Report) last released its quarterly earnings results on Wednesday, April 1st. The company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.01). The business had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.76 billion. Conagra Brands had a positive return on equity of 10.15% and a negative net margin of 0.39%.The business’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.51 EPS. Analysts forecast that Conagra Brands will post 1.7 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 Wednesday, June 3rd. Shareholders of record on Thursday, April 30th will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 10.4%. The ex-dividend date of this dividend is Thursday, April 30th. Conagra Brands’s payout ratio is -1,400.00%.

Conagra Brands Company Profile

(Get Free Report)

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.