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Published on June 21, 2026 at 11:05 pm by Vardah Gill in News

With an annual dividend yield of 10.61%, Conagra Brands, Inc. (NYSE:CAG) is included among the 12 Ultra-High Dividend Stocks to Buy for Income Investors.

Conagra Brands (CAG) Faces Cost Pressures and Weak Demand, Says Deutsche Bank

On June 18, Deutsche Bank lowered its price recommendation on Conagra Brands, Inc. (NYSE:CAG) to $12 from $14. It reiterated a Hold rating on the shares. Analyst Steve Powers reduced his fiscal 2027 estimates ahead of Conagra’s upcoming earnings report, pointing to continued cost pressures and “lackluster” consumption trends in scanned retail channels. In a research note, Powers said Conagra could use its recent CEO transition as an opportunity to reset expectations. He believes the company may rebase earnings, address concerns surrounding capital allocation by lowering its dividend payout, and increase investments aimed at driving sales growth.

Earlier, on June 5, Morgan Stanley also lowered its price goals on Conagra Brands to $13 from $15. It maintained an Equal Weight rating on the stock. Analyst Megan Alexander Clapp said investor attention is increasingly focused on fiscal 2027 outlooks as several packaged food companies prepare to report off-cycle earnings in the coming weeks. She noted that she was cutting estimates “again,” largely due to rising cost inflation that continues to weigh on the sector.

Conagra Brands, Inc. (NYSE:CAG) is a branded food company with operations across several business segments, including Grocery & Snacks, Refrigerated & Frozen, International, and Foodservice.

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