Conagra Brands, US2058871029

Barclays keeps Buy rating for Conagra Brands stock

Published on 10/02/2026 at 12:58 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Adjusted earnings per share rose 5.10 percent in the first quarter of fiscal 2027. Conagra Brands stock costs EUR 11.71 on October 2, 2026 after EUR 11.76.

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Conagra Brands (ISIN US2058871029) was trading at EUR 11.71 at Lang & Schwarz on October 2, 2026 at 12:49 p.m. CEST, down 0.43 percent versus the prior close of EUR 11.76. On September 30, 2026, Barclays maintained a Buy rating and a USD 17.00 price target, as Markets Insider reported.

Guidance holds despite softer sales

Conagra reported USD 2.60 billion in net sales for the first quarter of fiscal 2027, down 1.40 percent from the prior-year period, while adjusted earnings per share rose 5.10 percent to USD 0.41, according to the Conagra Brands release dated September 30, 2026.

The company reaffirmed fiscal 2027 guidance of minus 3.00 percent to minus 1.00 percent for organic net sales, adjusted operating margin of 10.00 percent to 10.50 percent and adjusted earnings per share of USD 1.40 to USD 1.50, the same release said. That combination puts profit delivery ahead of top-line expansion in the near-term investment case.

Margins and cash flow face pressure

Reported operating margin was 10.30 percent in the first quarter of fiscal 2027, compared with adjusted operating margin of 11.50 percent, while operating profit fell 22.70 percent to USD 268.40 million, according to Conagra Brands.

Cash flow adds a second pressure point: net cash used in operating activities was USD 4.20 million, versus USD 120.60 million generated in the prior-year period, and free cash flow was negative USD 127.90 million versus negative USD 26.20 million. Net debt stood at USD 7.40 billion at the end of the quarter, with a 3.99 times net leverage ratio.

Analyst target stays above market

Barclays' USD 17.00 target is higher than the USD 13.85 consensus target cited by Markets Insider on September 30, 2026. The spread reflects a meaningful difference in expectations even as Conagra's reaffirmed outlook leaves organic sales below the prior fiscal year's level.

Euro price and prior close

Conagra Brands stock was trading at EUR 11.71 at Lang & Schwarz on October 2, 2026 at 12:49 p.m. CEST, down 0.43 percent versus the prior close of EUR 11.76 on October 1, 2026. The further course of trading is shown by the continuously updated real-time quote of Conagra Brands stock.