Conagra Brands (NYSE:CAG) Posts Earnings Results, Beats Estimates By $0.04 EPS

Conagra Brands (NYSE:CAG) posted its earnings results on Thursday. The company reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.04, RTT News reports. The business had revenue of $2.91 billion for the quarter, compared to analysts’ expectations of $2.93 billion. Conagra Brands had a net margin of 2.88% and a return on equity of 14.09%. The firm’s revenue for the quarter was down 2.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.62 earnings per share. Conagra Brands updated its FY 2025 guidance to 2.600-2.650 EPS and its FY25 guidance to $2.60-2.65 EPS.

Conagra Brands Price Performance

Shares of Conagra Brands stock traded down $0.03 during midday trading on Friday, hitting $28.35. 5,285,538 shares of the company traded hands, compared to its average volume of 4,654,918. The stock has a market cap of $13.55 billion, a price-to-earnings ratio of 38.84, a PEG ratio of 2.82 and a beta of 0.32. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.33 and a current ratio of 0.95. The firm’s fifty day moving average price is $29.46 and its 200-day moving average price is $29.21. Conagra Brands has a 12 month low of $25.16 and a 12 month high of $33.60.

Conagra Brands Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 29th. Stockholders of record on Thursday, August 1st will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 4.94%. The ex-dividend date of this dividend is Thursday, August 1st. Conagra Brands’s payout ratio is presently 191.78%.

Wall Street Analysts Forecast Growth

CAG has been the topic of several analyst reports. Stifel Nicolaus cut their price objective on shares of Conagra Brands from $32.00 to $30.00 and set a “hold” rating on the stock in a report on Friday. Citigroup decreased their price objective on shares of Conagra Brands from $32.00 to $30.00 and set a “neutral” rating for the company in a research report on Friday, June 28th. Royal Bank of Canada cut their target price on shares of Conagra Brands from $30.00 to $29.00 and set a “sector perform” rating for the company in a research note on Friday. Barclays cut their target price on shares of Conagra Brands from $34.00 to $33.00 and set an “overweight” rating for the company in a research note on Friday. Finally, Wells Fargo & Company cut their target price on shares of Conagra Brands from $32.00 to $31.00 and set an “equal weight” rating for the company in a research note on Wednesday. Ten equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, Conagra Brands presently has an average rating of “Hold” and a consensus target price of $32.00.

Insider Activity at Conagra Brands

In other news, EVP Charisse Brock sold 15,444 shares of the company’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $30.37, for a total value of $469,034.28. Following the sale, the executive vice president now directly owns 113,254 shares of the company’s stock, valued at approximately $3,439,523.98. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.88% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Naples Money Management LLC acquired a new position in Conagra Brands during the fourth quarter worth $26,000. First United Bank & Trust bought a new stake in shares of Conagra Brands in the 4th quarter worth $26,000. Advantage Trust Co bought a new stake in shares of Conagra Brands in the 4th quarter worth $34,000. Parkside Financial Bank & Trust grew its stake in shares of Conagra Brands by 48.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,397 shares of the company’s stock worth $40,000 after acquiring an additional 454 shares in the last quarter. Finally, Whittier Trust Co. grew its stake in shares of Conagra Brands by 144.4% in the 1st quarter. Whittier Trust Co. now owns 1,415 shares of the company’s stock worth $42,000 after acquiring an additional 836 shares in 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.