---
title: "Conagra Brands (NYSE:CAG) Trading Down 4.4%"
description: "Conagra Brands (NYSE:CAG) saw its stock price decline by 4.4% on Wednesday, trading as low as $27. The trading volume was approximately 1.85 million shares, significantly lower than the average. Analy"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/214097976.md"
published_at: "2024-09-11T20:00:13.000Z"
---

# Conagra Brands (NYSE:CAG) Trading Down 4.4%

> Conagra Brands (NYSE:CAG) saw its stock price decline by 4.4% on Wednesday, trading as low as $27. The trading volume was approximately 1.85 million shares, significantly lower than the average. Analysts have issued mixed ratings, with nine holding and two buying the stock. The company reported earnings of $0.61 per share, exceeding estimates, but revenue fell 2.3% year-over-year. Conagra recently announced a quarterly dividend of $0.35, yielding 4.48%. Insider trading activity included COO Thomas M. Mcgough selling 40,000 shares.

Conagra Brands, Inc. (NYSE:CAG - Get Free Report)'s stock price dropped 4.4% on Wednesday . The company traded as low as $31.27 and last traded at $31.35. Approximately 1,848,200 shares traded hands during mid-day trading, a decline of 60% from the average daily volume of 4,632,813 shares. The stock had previously closed at $32.79.

Get **Conagra Brands** alerts:

## Analyst Ratings Changes

-   Clorox Stock: A Defensive Play in a Stormy Economy

A number of brokerages have recently issued reports on CAG. Stifel Nicolaus dropped their target price on Conagra Brands from $32.00 to $30.00 and set a "hold" rating on the stock in a research report on Friday, July 12th. Citigroup dropped their price objective on Conagra Brands from $32.00 to $30.00 and set a "neutral" rating on the stock in a report on Friday, June 28th. Royal Bank of Canada reduced their target price on Conagra Brands from $30.00 to $29.00 and set a "sector perform" rating for the company in a research note on Friday, July 12th. The Goldman Sachs Group started coverage on shares of Conagra Brands in a research note on Monday, August 12th. They issued a "buy" rating and a $36.00 price target for the company. Finally, Barclays reduced their price objective on shares of Conagra Brands from $34.00 to $33.00 and set an "overweight" rating on the stock in a research note on Friday, July 12th. Nine analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $30.90.

**Get Our Latest Analysis on CAG**

## Conagra Brands Stock Performance

-   Why This Consumer Staples Stock is a Smart Buy Despite Headwinds

The stock's 50-day moving average price is $30.26 and its 200-day moving average price is $29.81. The company has a current ratio of 0.97, a quick ratio of 0.33 and a debt-to-equity ratio of 0.88. The company has a market capitalization of $14.94 billion, a P/E ratio of 42.82, a P/E/G ratio of 3.00 and a beta of 0.32.

Conagra Brands (NYSE:CAG - Get Free Report) last issued its earnings results on Thursday, July 11th. The company reported $0.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.57 by $0.04. The firm 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 14.31%. Conagra Brands's revenue was down 2.3% on a year-over-year basis. During the same quarter last year, the company posted $0.62 earnings per share. As a group, equities analysts expect that Conagra Brands, Inc. will post 2.61 EPS for the current year.

## Conagra Brands Dividend Announcement

-   McCormick Stock Q2: EPS Beat on Rising Margins, Falling Sales

The business also recently announced a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 1st were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 4.48%. The ex-dividend date was Thursday, August 1st. Conagra Brands's payout ratio is 191.78%.

## Insider Transactions at Conagra Brands

In other Conagra Brands news, COO Thomas M. Mcgough sold 40,000 shares of the business's stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $30.29, for a total transaction of $1,211,600.00. Following the completion of the transaction, the chief operating officer now directly owns 161,443 shares of the company's stock, valued at approximately $4,890,108.47. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.88% of the company's stock.

## Institutional Trading of Conagra Brands

Hedge funds have recently added to or reduced their stakes in the business. Teacher Retirement System of Texas raised its stake in shares of Conagra Brands by 316.6% during the fourth quarter. Teacher Retirement System of Texas now owns 154,013 shares of the company's stock valued at $4,414,000 after purchasing an additional 117,042 shares in the last quarter. Bessemer Group Inc. boosted its holdings in shares of Conagra Brands by 237.9% in the first quarter. Bessemer Group Inc. now owns 76,971 shares of the company's stock valued at $2,281,000 after acquiring an additional 54,195 shares in the last quarter. Stifel Financial Corp increased its stake in shares of Conagra Brands by 12.2% during the fourth quarter. Stifel Financial Corp now owns 815,947 shares of the company's stock valued at $23,385,000 after acquiring an additional 88,576 shares during the period. Vanguard Personalized Indexing Management LLC raised its holdings in Conagra Brands by 60.0% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 71,374 shares of the company's stock worth $2,046,000 after purchasing an additional 26,774 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado lifted its position in Conagra Brands by 663.1% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 436,698 shares of the company's stock worth $12,516,000 after purchasing an additional 379,473 shares during the period. Institutional investors own 83.75% of the company's stock.

## About Conagra Brands

(Get Free Report)

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.

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*This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.*

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## Related News & Research

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|-------|-------------|-----|
| Is ultra-high-yield Conagra Brands a buy, sell, or hold in 2026? | Conagra Brands offers a huge 7% dividend yield, but there are material risks to consider before you buy. | [Link](https://longbridge.com/en/news/276438059.md) |
| CONAGRA BRANDS REAFFIRMS FISCAL 2026 GUIDANCE AHEAD OF 2026 CAGNY PRESENTATION \| CAG Stock News | CONAGRA BRANDS REAFFIRMS FISCAL 2026 GUIDANCE AHEAD OF 2026 CAGNY PRESENTATION \| CAG Stock News | [Link](https://longbridge.com/en/news/276061955.md) |
| Conagra Reaffirms FY2026 Guidance, Forecasts ~100% Free Cash Flow Conversion | Conagra has reaffirmed its fiscal 2026 guidance, projecting adjusted EPS between $1.70 and $1.85, and improving free cas | [Link](https://longbridge.com/en/news/276129208.md) |
| Conagra Brands (NYSE:CAG) Issues FY 2026 Earnings Guidance | Conagra Brands (NYSE:CAG) has updated its FY 2026 earnings guidance, projecting EPS between 1.700 and 1.850, slightly be | [Link](https://longbridge.com/en/news/276131944.md) |
| AlphaQuest LLC Decreases Stake in Conagra Brands $CAG | AlphaQuest LLC has significantly reduced its stake in Conagra Brands (NYSE:CAG) by 95.8% in Q3, now holding 2,442 shares | [Link](https://longbridge.com/en/news/276043155.md) |

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.
