ConAgra Brands (CAG) Plunges 1.17% to 2018 Low on Downgrade, Rising Meat Prices

ConAgra Brands (CAG) shares fell 0.56% today, reaching their lowest level since December 2018, with an intraday decline of 1.17%.

The strategy of buying CAG shares after they reached a recent low and holding for 1 week showed poor performance over the past 5 years. The annualized return was -0.68%, significantly underperforming the market. This indicates that relying on recent price lows as a decision metric and holding for a short duration is not a profitable strategy for CAG.

ConAgra Brands' stock has been impacted by several factors in June 2025. One of the primary reasons for the decline is the downgrade of the company's stock, with rising meat prices being a significant factor affecting its financial performance. This downgrade, which occurred on June 12, 2025, has contributed to the overall negative sentiment surrounding the stock.

Analysts have projected a decline in ConAgra's earnings per share (EPS) for its fiscal fourth-quarter earnings for 2025, with EPS expected to decrease by 1.6% compared to the previous year. Over the past year, ConAgra's stock has underperformed the broader market, with a 28% decline attributed to lower sales, supply chain challenges, and competitive pressures from private-label brands.

Wells Fargo & Company has lowered their price target for ConAgra Brands from $27.00 to $23.00, reflecting the cautious sentiment among analysts. Many analysts have issued a "Hold" rating for the stock, indicating a lack of confidence in its near-term prospects. These factors highlight the challenges ConAgra Brands is facing, including supply constraints, rising costs, and competitive market pressures.