Morgan Stanley upgraded Conagra from Equal-Weight to Overweight and set a new price target of $45.00 from $34.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/12/2024 | $36.00 | Buy | Goldman |
| 2/1/2024 | $30.00 | Neutral | Citigroup |
| 12/12/2023 | $31.00 | Equal Weight | Wells Fargo |
| 12/11/2023 | Outperform → In-line | Evercore ISI | |
| 9/13/2023 | $32.00 | Market Perform | TD Cowen |
| 7/17/2023 | $46.00 → $37.00 | Overweight → Equal-Weight | Morgan Stanley |
| 7/5/2023 | $46.00 → $38.00 | Buy → Hold | Jefferies |
| 4/14/2023 | $43.00 | Hold | Stifel |
CHICAGO, Oct. 2, 2024 /PRNewswire/ -- Today Conagra Brands, Inc. (NYSE:CAG) reported results for the first quarter of fiscal year 2025, which ended on August 25, 2024. All comparisons are against the prior-year fiscal period, unless otherwise noted. Highlights Reported net sales decreased 3.8%; organic net sales decreased 3.5%.Reported operating margin was 14.4% representing a 247 basis point decrease. Adjusted operating margin was 14.2% representing a 244 basis point decrease.Reported diluted earnings per share (EPS) was $0.97, a 44.8% increase. Adjusted EPS was $0.53, a 19.7
CHICAGO, Oct. 1, 2024 /PRNewswire/ -- Conagra Brands, Inc. (NYSE:CAG) today announced that its Board of Directors approved a quarterly dividend payment of $0.35 per share of CAG common stock to be paid on November 27, 2024 to stockholders of record as of the close of business on October 31, 2024. Conagra Brands, Inc. has paid consecutive quarterly dividends since January 1976. About Conagra BrandsConagra Brands, Inc. (NYSE:CAG), is one of North America's leading branded food companies. We combine a 100-year history of making quality food with agility and a relentless focus on
CHICAGO, Aug. 9, 2024 /PRNewswire/ -- Today Conagra Brands, Inc. (NYSE:CAG) announced that it has acquired Sweetwood Smoke & Co., maker of FATTY Smoked Meat Sticks. Financial terms were not disclosed. FATTY Smoked Meat Sticks are protein-packed, better-for-you snacks for people on the go, made with high-quality pork and beef smoked with real hickory wood. "The acquisition of FATTY Smoked Meat Sticks is another step in reshaping our portfolio for faster growth," said Sean Connolly, president and chief executive officer of Conagra Brands. "Adding a premium brand such as FATTY to
Goldman initiated coverage of Conagra with a rating of Buy and set a new price target of $36.00
Citigroup initiated coverage of Conagra with a rating of Neutral and set a new price target of $30.00
Wells Fargo initiated coverage of Conagra with a rating of Equal Weight and set a new price target of $31.00
Limited-Edition Pickleball Gear Now Available While Supplies Last CHICAGO, May 7, 2024 /PRNewswire/ -- Pickleball season is here and Vlasic® Pickles, a brand of Conagra Brands, Inc. (NYSE:CAG), is teaming up with Sprints®, the fun-loving performance accessories brand, and Tervis®, the iconic insulated tumbler brand, in a limited-edition collaboration that will make your pickleball game look as good as it tastes. The collection includes a range of pickleball equipment and accessories that will make you the envy of your playing partners. "America's fastest growing sport – pickle
CHICAGO, April 29, 2024 /PRNewswire/ -- Conagra Brands, Inc. (NYSE:CAG) today announced the appointment of Noelle O'Mara as executive vice president & president, New Platforms and Acquisitions effective May 6. In this role, O'Mara will have responsibility for identifying and scaling new organic growth platforms and acquisitions. This work will span strategy, product innovation, commercialization, synergy capture, and in-market execution. "Noelle's leadership and track record of delivering results will be instrumental in advancing Conagra's ambition to further scale emerging br
TORONTO, Jan. 16, 2024 (GLOBE NEWSWIRE) -- Iconic popcorn snacks from Conagra Brands, Inc., Orville Redenbacher® and Angie's® BOOMCHICKAPOP®, are here to help Canadians break up the winter doldrums by embracing fun with popcorn during this year's National Popcorn Day on January 19th. Arriving during the cold, dark days of January when Canadians need a pop of fun the most, this year's National Popcorn Day theme has been designated "Top Your Pop" by Orville Redenbacher® and Angie's® BOOMCHICKAPOP®. Canadians are invited to find even more fun and joy in one of their favourite snacks by experimenting with delicious, trending, and imaginative popcorn toppings and flavour combinations. Tangy p
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Barclays analyst Andrew Lazar maintains Conagra Brands (NYSE:CAG) with a Overweight and lowers the price target from $34 to $33.
RBC Capital analyst Nik Modi maintains Conagra Brands (NYSE:CAG) with a Sector Perform and lowers the price target from $30 to $29.
Conagra Brands, Inc. (NYSE:CAG) reported worse-than-expected fourth-quarter sales results and issued FY25 adjusted EPS guidance below estimates. The company reported adjusted earnings per share of 61 cents, beating the analyst consensus estimate of 57 cents. Quarterly revenues of $2.905 billion missed the street view of $2.930 billion, according to data from Benzinga Pro. "Looking ahead, we expect a gradual waning of the challenging industry trends seen throughout fiscal year 2024, as consumers adapt and establish new reference prices," said Sean Connolly, president and chief executive officer. ConAgra approved the continuation of the company's annualized dividend rate of $1.40 per
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Awards focus on Climate Change, Packaging, Responsible Sourcing, Water Reduction and Waste Reduction CHICAGO, Nov. 1, 2024 /PRNewswire/ -- Conagra Brands (NYSE:CAG) announced today the winners of its Sustainable Development Awards, a program designed to recognize and celebrate the outstanding achievements and contributions of its dedicated employees. The awards are focused on sustainability initiatives across five strategic categories: Climate Change, Packaging, Responsible Sourcing, Water Reduction and Waste Reduction. In addition, an overall "Award of Excellence" is presented to the project that best exemplifies Conagra's six Timeless Values of Integrity, External Focus, Broad-Mindedness,
Sweet, spicy, and salty new innovation from industry-leading brands to be unveiled CHICAGO, Oct. 8, 2024 /PRNewswire/ -- Conagra Brands, Inc. (NYSE: CAG), one of North America's leading branded food companies, is ready for the neon lights of Las Vegas and the 2024 National Association of Convenience Stores (NACS) Show. Featuring a $3.2 billion1 snacks portfolio, Conagra's offerings are a sure bet, with industry-leading meat snacks, sunflower seeds and bagged salty snacks. The NACS Show, the nation's largest convenience store expo, takes place October 8-10, at the Las Vegas Convention Center. Attendees at the Expo can find Conagra Brands in two locations. Conagra's portfolio of meat snacks
Swiss Miss 'Shmallow, perfect for festive drinks, is available for a limited time this fall CHICAGO, Oct. 3, 2024 /PRNewswire/ -- Swiss Miss®, a brand of Conagra Brands, Inc. (NYSE:CAG), has partnered with Hotel Tango Distillery, the producer of the first-ever and current category-leading marshmallow flavored whiskey, to introduce Swiss Miss 'Shmallow, the perfect whiskey for your winter festivities. The toasted marshmallow and cocoa-infused bourbon combines the flavor of Swiss Miss hot cocoa with the artistry of a well-crafted bourbon, making it the ideal spirit to enjoy at your next holiday gathering or as a gift for your favorite bourbon aficionado.