ConAgra Brands misses Q1 estimates, reaffirms full-year outlook

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ConAgra (CAG) PT Lowered to $31 at Citi

October 3, 2024 5:41 AM EDT

Citi analyst Thomas Palmer lowered the price target on ConAgra (NYSE: CAG) to $31.00 (from $33.00) while maintaining a Neutral rating.

The analyst comments "The CAG shares were down 8% today (the most among packaged food stocks by 500+bps) after reporting a sizable 1Q25 sales and... More

Stifel Reiterates Hold Rating on ConAgra (CAG)

October 3, 2024 5:29 AM EDT

Stifel analyst Matthew Smith reiterated a Hold rating and $30.00 price target on ConAgra (NYSE: CAG).

The analyst comments "Conagra reported a weaker-than-expected first quarter with sales, margin performance, and lower equity earnings relative to our estimates. EPS of $0.53 was down 20% and $0.06 below our estimate.... More

Goldman Sachs Reiterates Conviction Buy Rating on ConAgra (CAG)

October 3, 2024 5:21 AM EDT

Goldman Sachs analyst Leah Jordan reiterated a Conviction Buy rating and $36.00 price target on ConAgra (NYSE: CAG).

The analyst comments "CAG traded down -8% (vs S&P 500 flat) after F1Q results and reiterated FY25 guidance. While the quarter came in softer-than-expected, in part due to a temporary manufacturing disruption with its Hebrew... More

ConAgra Brands (CAG) Misses Q1 EPS by 6c, Offers Guidance

October 2, 2024 7:31 AM EDT

ConAgra Brands (NYSE: CAG) reported Q1 EPS of $0.53, $0.06 worse than the analyst estimate of $0.59. Revenue for the quarter came in at $2.79 billion versus the consensus estimate of $2.84 billion.

GUIDANCE:

ConAgra Brands sees FY2025 EPS of $2.60-$2.65, versus the consensus of... More

ConAgra Brands (CAG) October 4 weekly 32.50 straddle priced into quarter results

October 2, 2024 6:00 AM EDT

ConAgra Brands (NYSE: CAG) October 4 weekly 32.50 straddle priced for a move of 5% into the expected release of quarter results today before the bell.

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ConAgra Brands (CAG) Declares $0.35 Quarterly Dividend; 4.3% Yield

October 1, 2024 7:30 AM EDT

ConAgra Brands (NYSE: CAG) declared a quarterly dividend of $0.35 per share, or $1.4 annualized.


The dividend will be payable on November 27, 2024, to stockholders of record on October 31, 2024, with an ex-dividend date of October 30, 2024.


The annual yield on the dividend is 4.3... More

ConAgra Brands (CAG) October 4 weekly 32.50 straddle priced into quarter results

October 1, 2024 4:34 AM EDT

ConAgra Brands (NYSE: CAG) October 4 weekly 32.50 straddle priced for a move of 4% into the expected release of quarter results before the bell on October 2.

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Evercore ISI Reiterates In Line Rating on ConAgra (CAG)

September 30, 2024 5:46 AM EDT

Evercore ISI analyst David Palmer reiterated an In Line rating and $31.00 price target on ConAgra (NYSE: CAG).

The analyst comments "Our view: Like many US food companies, Conagra is treating the current year (Fiscal 2025) as a "transition year" to stabilize volume... More