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Conagra Brands, Inc. (NYSE:CAG) stock has touched a 52-week low, dipping to $21.96, as the company faces a tumultuous market environment. According to InvestingPro analysis, the stock appears undervalued at current levels, with analyst price targets ranging from $21 to $31. This latest price level reflects a significant downturn from previous periods, marking a concerning milestone for investors and analysts alike. Over the past year, Conagra’s stock has experienced a notable decline, with a 1-year change showing a decrease of -21.7%. Despite these challenges, the company maintains a robust 6.26% dividend yield and has consistently paid dividends for 50 consecutive years. This downward trend highlights the challenges the company has been facing in maintaining its market position amidst shifting consumer preferences and competitive pressures. Investors are closely monitoring Conagra’s strategies for recovery and growth as the company navigates through these headwinds.
In other recent news, Conagra Brands has made several strategic moves impacting its financial outlook and portfolio. Goldman Sachs recently downgraded Conagra’s stock from Neutral to Sell, citing concerns over margin pressures due to tariffs and rising input costs. Analysts at Goldman Sachs have adjusted the price target to $21, down from $26, and anticipate that Conagra’s fiscal year 2026 earnings per share will fall short of consensus estimates. Meanwhile, Conagra has agreed to sell its Van de Kamp’s and Mrs. Paul’s seafood brands to High Liner Foods for $55 million, a move expected to slightly reduce fiscal year 2026 adjusted earnings per share by one cent. Additionally, Conagra has finalized the sale of its Chef Boyardee brand to Hometown Food Company for $600 million, which is expected to close in the second quarter of 2025. Citi analysts have also revised their outlook on Conagra, lowering the price target from $27 to $25 while maintaining a Neutral stance. They adjusted their earnings estimates for fiscal years 2026 and 2027, attributing the changes to the Chef Boyardee sale. These recent developments reflect Conagra’s ongoing efforts to reshape its portfolio and focus on areas with higher growth potential.
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