Zacks Research Predicts Weaker Earnings for Conagra Brands

Conagra Brands, Inc. (NYSE:CAG - Free Report) - Investment analysts at Zacks Research reduced their Q2 2025 earnings estimates for shares of Conagra Brands in a note issued to investors on Wednesday, October 16th. Zacks Research analyst V. Bagree now expects that the company will post earnings per share of $0.69 for the quarter, down from their previous forecast of $0.71. The consensus estimate for Conagra Brands' current full-year earnings is $2.59 per share. Zacks Research also issued estimates for Conagra Brands' Q3 2025 earnings at $0.73 EPS, FY2025 earnings at $2.60 EPS, Q1 2026 earnings at $0.58 EPS, Q2 2026 earnings at $0.69 EPS, Q3 2026 earnings at $0.72 EPS, FY2026 earnings at $2.65 EPS and Q1 2027 earnings at $0.59 EPS.

A number of other brokerages have also recently commented on CAG. Wells Fargo & Company lifted their price objective on shares of Conagra Brands from $30.00 to $31.00 and gave the stock an "equal weight" rating in a research note on Thursday. BNP Paribas upgraded shares of Conagra Brands to a "strong-buy" rating in a report on Thursday, October 3rd. Evercore ISI lowered their target price on shares of Conagra Brands from $32.00 to $31.00 and set a "neutral" rating for the company in a report on Friday, July 12th. Barclays decreased their price objective on shares of Conagra Brands from $34.00 to $33.00 and set an "overweight" rating for the company in a report on Friday, July 12th. Finally, The Goldman Sachs Group initiated coverage on shares of Conagra Brands in a report on Monday, August 12th. They set a "buy" rating and a $36.00 price objective for the company. Six research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Conagra Brands currently has a consensus rating of "Hold" and an average target price of $31.63.

Conagra Brands Price Performance

Shares of CAG stock traded up $0.59 on Thursday, hitting $30.31. 6,726,166 shares of the stock traded hands, compared to its average volume of 4,774,871. The firm has a market cap of $14.49 billion, a price-to-earnings ratio of 41.10, a PEG ratio of 3.01 and a beta of 0.32. The firm has a 50 day simple moving average of $31.15 and a two-hundred day simple moving average of $30.29. Conagra Brands has a 52 week low of $26.62 and a 52 week high of $33.24. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.94 and a quick ratio of 0.33.

Conagra Brands (NYSE:CAG - Get Free Report) last announced its quarterly earnings data on Wednesday, October 2nd. The company reported $0.53 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.07). The firm had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.84 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 3.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.66 earnings per share.

Conagra Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Thursday, October 31st will be issued a $0.35 dividend. The ex-dividend date is Thursday, October 31st. This represents a $1.40 annualized dividend and a dividend yield of 4.62%. Conagra Brands's dividend payout ratio is currently 191.78%.

Insider Activity

In other news, COO Thomas M. Mcgough sold 40,000 shares of Conagra Brands stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $30.29, for a total value of $1,211,600.00. Following the transaction, the chief operating officer now owns 161,443 shares of the company's stock, valued at $4,890,108.47. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.88% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of CAG. Marshall Wace LLP grew its position in shares of Conagra Brands by 1,362.6% in the 2nd quarter. Marshall Wace LLP now owns 2,406,743 shares of the company's stock worth $68,400,000 after buying an additional 2,242,186 shares during the last quarter. Federated Hermes Inc. grew its position in Conagra Brands by 20.5% during 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. AMF Tjanstepension AB purchased a new stake in Conagra Brands during the 1st quarter worth approximately $47,980,000. Squarepoint Ops LLC grew its position in Conagra Brands by 148.2% during the 2nd quarter. Squarepoint Ops LLC now owns 2,535,116 shares of the company's stock worth $72,048,000 after purchasing an additional 1,513,726 shares during the last quarter. Finally, Miller Howard Investments Inc. NY grew its position in Conagra Brands by 523.8% during the 2nd quarter. Miller Howard Investments Inc. NY now owns 1,446,775 shares of the company's stock worth $41,117,000 after purchasing an additional 1,214,859 shares during the last quarter. Hedge funds and other institutional investors 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.