Conagra Brands (CAG) Drops 2.73% to 2025 Low on Earnings Miss

Conagra Brands (CAG) shares fell 2.73% intraday, marking the lowest level since February 2025, with a 1.89% decline, extending its losing streak to three days and a cumulative drop of 4.04% over the past three days.

Barclays recently upgraded Conagra Brands, raising its target price from $27.00 to $29.00 and assigning an "overweight" rating. This positive outlook from a major financial institution could bolster investor confidence and potentially drive the stock price higher.

Conagra Brands is set to trade ex-dividend on April 28th, 2025. Shareholders of record on this date will receive a dividend of $0.35. The ex-dividend trading period often influences investor decisions, as those looking to avoid paying the dividend may sell their shares, potentially affecting the stock price.

Conagra Brands reported a miss in its fiscal third-quarter earnings estimates, with organic sales declining by 5.2% year-over-year due to supply constraints. This disappointing performance could dampen investor sentiment and weigh on the stock price, as it indicates challenges in the company's operational efficiency and market competitiveness.

Conagra Brands, along with other prominent food companies, has experienced significant stock price declines. This broader industry trend suggests that Conagra's stock performance may be influenced by macroeconomic factors and sector-specific challenges, rather than company-specific issues alone.