Zacks Research Forecasts Lower Earnings for Conagra Brands

Conagra Brands, Inc. (NYSE:CAG) – Zacks Research lowered their FY2025 EPS estimates for shares of Conagra Brands in a report issued on Thursday, January 2nd. Zacks Research analyst V. Bagree now anticipates that the company will post earnings per share of $2.45 for the year, down from their previous forecast of $2.60. The consensus estimate for Conagra Brands’ current full-year earnings is $2.58 per share. Zacks Research also issued estimates for Conagra Brands’ Q1 2026 earnings at $0.55 EPS, Q4 2026 earnings at $0.64 EPS, FY2026 earnings at $2.53 EPS, Q1 2027 earnings at $0.56 EPS and FY2027 earnings at $2.66 EPS.

Conagra Brands (NYSE:CAG) last announced its earnings results on Thursday, December 19th. The company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.02. The firm had revenue of $3.20 billion for the quarter, compared to analyst estimates of $3.15 billion. Conagra Brands had a net margin of 4.14% and a return on equity of 13.71%. Conagra Brands’s revenue was down .4% compared to the same quarter last year. During the same quarter last year, the business earned $0.71 earnings per share.

A number of other research analysts also recently commented on the stock. BNP Paribas raised shares of Conagra Brands to a “strong-buy” rating in a research note on Thursday, October 3rd. Barclays dropped their price target on shares of Conagra Brands from $33.00 to $32.00 and set an “overweight” rating for the company in a research report on Monday, December 23rd. Wells Fargo & Company lowered their price objective on shares of Conagra Brands from $31.00 to $30.00 and set an “equal weight” rating for the company in a research note on Tuesday, December 17th. Citigroup dropped their price objective on Conagra Brands from $31.00 to $29.00 and set a “neutral” rating for the company in a report on Wednesday, December 11th. Finally, Bank of America lowered their price target on Conagra Brands from $31.00 to $29.00 and set a “neutral” rating for the company in a research report on Friday, December 20th. Seven investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $30.56.

Conagra Brands Stock Performance

Conagra Brands stock opened at $27.65 on Monday. The stock has a fifty day moving average price of $27.81 and a 200 day moving average price of $29.42. Conagra Brands has a 52 week low of $26.21 and a 52 week high of $33.24. The firm has a market capitalization of $13.20 billion, a P/E ratio of 26.84, a PEG ratio of 2.91 and a beta of 0.29. 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 Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 27th. Investors of record on Monday, January 27th will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 5.06%. The ex-dividend date is Monday, January 27th. Conagra Brands’s dividend payout ratio (DPR) is 137.25%.

Institutional Investors Weigh In On Conagra Brands

A number of hedge funds have recently bought and sold shares of the business. State Street Corp grew its position in shares of Conagra Brands by 7.4% during the third quarter. State Street Corp now owns 24,484,277 shares of the company’s stock worth $796,229,000 after buying an additional 1,691,945 shares in the last quarter. Geode Capital Management LLC grew its holdings in Conagra Brands by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 11,514,152 shares of the company’s stock worth $373,180,000 after acquiring an additional 196,100 shares in the last quarter. Federated Hermes Inc. increased its position in shares of Conagra Brands by 20.5% in the 2nd quarter. Federated Hermes Inc. now owns 11,013,503 shares of the company’s stock worth $313,004,000 after purchasing an additional 1,871,238 shares during the last quarter. Pacer Advisors Inc. raised its stake in shares of Conagra Brands by 21,015.0% in the 3rd quarter. Pacer Advisors Inc. now owns 10,654,828 shares of the company’s stock valued at $346,495,000 after purchasing an additional 10,604,367 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC lifted its position in shares of Conagra Brands by 2.0% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 6,290,625 shares of the company’s stock worth $204,571,000 after purchasing an additional 122,590 shares during the last quarter. Institutional investors and hedge funds own 83.75% of the company’s stock.

About Conagra Brands

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.