Conagra Brands (NYSE:CAG – Get Free Report) had its target price increased by research analysts at JPMorgan Chase & Co. from $14.00 to $15.00 in a research report issued on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 3.26% from the company’s previous close.
A number of other analysts have also recently issued reports on the company. Wells Fargo & Company reduced their price objective on Conagra Brands from $14.00 to $13.00 and set an “underweight” rating for the company in a research report on Monday, May 18th. Jefferies Financial Group decreased their target price on Conagra Brands from $15.00 to $13.00 and set a “hold” rating for the company in a research report on Wednesday, May 27th. Stifel Nicolaus reduced their price objective on shares of Conagra Brands from $17.00 to $15.00 and set a “hold” rating for the company in a research note on Tuesday, April 21st. Barclays lowered their target price on shares of Conagra Brands from $18.00 to $16.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 8th. Finally, BNP Paribas Exane dropped their price objective on Conagra Brands from $16.00 to $14.00 and set a “neutral” rating on the stock in a research note on Thursday, May 21st. One analyst has rated the stock with a Buy rating, eleven have assigned a Hold rating and six have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $14.00.
Check Out Our Latest Analysis on Conagra Brands
Conagra Brands Stock Up 3.1%
Conagra Brands (NYSE:CAG – Get Free Report) last released its quarterly earnings data on Wednesday, July 15th. The company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.01. Conagra Brands had a negative net margin of 0.39% and a positive return on equity of 10.15%. The firm had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.89 billion. During the same quarter in the prior year, the business earned $0.56 EPS. The company’s revenue for the quarter was up 3.6% compared to the same quarter last year. Conagra Brands has set its FY 2027 guidance at 1.400-1.500 EPS. As a group, research analysts predict that Conagra Brands will post 1.7 EPS for the current fiscal year.
Institutional Investors Weigh In On Conagra Brands
Hedge funds have recently made changes to their positions in the stock. Bell Investment Advisors Inc raised its holdings in Conagra Brands by 156.9% in the 1st quarter. Bell Investment Advisors Inc now owns 1,685 shares of the company’s stock valued at $26,000 after acquiring an additional 1,029 shares in the last quarter. CYBER HORNET ETFs LLC bought a new stake in shares of Conagra Brands during the second quarter valued at approximately $26,000. Harbour Investments Inc. raised its stake in shares of Conagra Brands by 80.4% in the fourth quarter. Harbour Investments Inc. now owns 1,573 shares of the company’s stock valued at $27,000 after purchasing an additional 701 shares in the last quarter. MUFG Securities EMEA plc acquired a new position in shares of Conagra Brands in the second quarter valued at $29,000. Finally, Caitong International Asset Management Co. Ltd bought a new position in Conagra Brands in the third quarter worth $33,000. 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: UBS raised its price target on Conagra Brands to $14 from $13, signaling slightly improved expectations even though the firm kept a neutral rating. Benzinga
- Positive Sentiment: Conagra beat fiscal Q4 earnings estimates and reported revenue growth of 3.6% year over year, showing the business is still generating sales momentum despite margin pressure. Zacks
- Positive Sentiment: Management outlined a “margin reset” strategy for fiscal 2027 focused on restoring profitability, improving supply chain efficiency, and simplifying the portfolio, which could support a longer-term turnaround. Zacks
- Positive Sentiment: Some investors view the dividend cut as a constructive move because it frees up roughly $335 million a year for debt reduction and brand investment, potentially strengthening the company’s balance sheet. MarketBeat
- Neutral Sentiment: Conagra’s new dividend of $0.175 per quarter still supports a meaningful yield, but the payout was cut sharply, so income-focused investors are likely to view it cautiously. PR Newswire
- Neutral Sentiment: Analysts and media coverage remain split: some see the stock as undervalued after the reset, while others point to weaker guidance and margin strain as evidence that the turnaround will take time. Yahoo Finance
- Negative Sentiment: Conagra’s fiscal 2027 EPS guidance of $1.40 to $1.50 came in below Wall Street expectations, reinforcing concerns that profit pressure will continue in the near term. Reuters
- Negative Sentiment: The company also cut its dividend in half and reported a quarterly loss, which hurt sentiment and raised questions about near-term earnings quality and cash flow pressure. WSJ
Conagra Brands Company Profile
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.
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