Virtu Financial LLC and other firms such as
Citigroup Inc,
New Age Alpha Advisors LLC, and
ASR Vermogensbeheer N.V have increased their stakes in
Conagra Brands (NYSE:CAG). However, some analysts have downgraded
Conagra Brands including
Bank of America while
Stifel reduced its price target. The company's
stock is currently facing turbulence due to
weak technicals and
mixed market sentiments. It is also noted that
Conagra Brands' performance has been suboptimal in the
Consumer Staples sector due to slumping sales and poor quarterly results which are a matter of concern for investors. Despite the concerns,
Conagra is executing strategies such as launching new frozen food items and removing synthetic dyes from its food to maintain its market position. Furthermore,
Conagra revised its fiscal 2025 outlook, preparing for growth, and has completed a $1 billion senior notes offering. The stock has been considered a value play amid the current high-inflation era, although its 7% dividend yield has raised questions about sustainability. Finally,
Conagra Brands has made steps towards the divestiture of certain brands and entered a definitive agreement for the same.
Conagra Brands CAG News Analytics from Mon, 27 Jan 2025 08:00:00 GMT to Sat, 16 Aug 2025 20:26:41 GMT -
Innovation -6
- Rumor -5
