Conagra Brands, Inc. (CAG) Stock AnalysisCAGConagra Brands, Inc.

Conagra Brands, Inc. is a branded food company. The Company’s segments include Grocery & Snacks, Refrigerated & Frozen, International, and Foodservice. The Grocery & Snacks segment includes branded, shelf-stable food products sold in various retail channels in the United States. The Refrigerated & Frozen segment includes branded, temperature-controlled food products sold in various retail channels in the United States. The International segment includes branded food products in various temperature states, sold in various retail and foodservice channels outside the United States. The Foodservice segment includes branded and customized food products, including meals, entrees, sauces, and a variety of custom-manufactured culinary products that are packaged for sale to restaurants and other foodservice establishments primarily in the United States. Its brands include Birds Eye, Duncan Hines, Healthy Choice, Marie Callender's, Reddi-wip, Slim Jim, Angie's BOOMCHICKAPOP, and others. It operates in the Consumer Non-Cyclicals sector (FOOD AND KINDRED PRODUCTS industry).

Conagra Brands Inc is currently priced at $16.09, with a forward P/E ratio of 11.325, indicating potential for growth. However, the company has recently cut its dividend from $1.40 to $0.70 per share, which may raise concerns about its financial stability. The RSI is at 55.028, suggesting the stock is neither overbought nor oversold, but the recent negative earnings reports and declining sales indicate caution. Overall, while there is some upside potential, the risks associated with its recent performance and dividend cut suggest holding rather than buying at this time.

14 analysts cover CAG: 10 rate it Buy, 2 Hold and 2 Sell. The average price target is 18.67.