Conagra Brands, US2058871029

Barclays cuts target for Conagra Brands stock to USD 16.00

Published on 10/06/2026 at 09:15 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Fiscal 2027 adjusted per-share earnings rose 5.1 percent to USD 0.41. Conagra Brands stock costs EUR 11.76 versus EUR 11.77 on October 6, 2026.

Bauhaus-Poster mit geometrischen Formen in Primärfarben und dem Schriftzug FOOD — Conagra Brands US2058871029 als Bauhaus Poster mit geometrischen Primärfarben und dem Sektor Schriftzug FOOD, Illustration mit AI erstellt.

Barclays cut its Conagra Brands target from USD 17.00 to USD 16.00 on October 2, 2026, while retaining an Overweight rating, according to Markets Insider. The move followed Conagra Brands' fiscal 2027 first-quarter results, which combined higher adjusted earnings with lower sales.

Sales fell as earnings improved

In the fiscal 2027 first quarter ended August 30, 2026, Conagra Brands reported net sales of USD 2.60 billion, down 1.40 percent from USD 2.63 billion a year earlier. Reported net income increased 6.00 percent to USD 174.30 million, while diluted earnings per share rose 5.90 percent to USD 0.36 from USD 0.34.

The adjusted figures point to a similar split. Adjusted earnings per share rose 5.10 percent to USD 0.41 from USD 0.39, and adjusted operating margin reached 11.50 percent, although that margin was 33 basis points below the prior-year level. These figures come from Conagra Brands in its September 30, 2026 results release.

Volume pressure shapes guidance

Organic net sales declined 1.10 percent in the fiscal 2027 first quarter as volume fell 2.10 percent, partly offset by a 1.00 percent price-and-mix benefit. The contrast was visible across operations: Foodservice organic sales increased 3.30 percent, while Grocery and Snacks organic sales fell 2.00 percent.

Management reaffirmed fiscal 2027 guidance of a 1.00 percent to 3.00 percent organic sales decline, an adjusted operating margin of 10.00 percent to 10.50 percent, and adjusted earnings per share of USD 1.40 to USD 1.50. Net debt stood at USD 7.39 billion on August 30, 2026, with a net leverage ratio of 3.99 times.

Stock remains below its yearly high

Conagra Brands has a market capitalization of USD 6.3 billion as of October 5, 2026. Its primary listing is on the NYSE, where the 52-week range was USD 12.53 to USD 25.78 as of that date. The euro quote places the German investor perspective alongside the company's US listing, but the currencies are not combined in one performance measure.

At Lang & Schwarz, Conagra Brands stock was trading at EUR 11.76 on October 6, 2026 at 9:10 a.m. CEST, down 0.08 percent versus the prior close of EUR 11.77 on October 5, 2026. The further course of trading is shown by the continuously updated real-time quote of Conagra Brands stock.