Core Insights - Conagra Brands, Inc. (NYSE:CAG) is facing significant challenges, being listed among the 11 worst-performing dividend stocks year-to-date [1] - Goldman Sachs has reduced its price target for Conagra from $18 to $16, maintaining a Sell rating on the shares [2] Financial Performance - Conagra's stock has declined nearly 39% since the beginning of 2025, attributed to inflationary pressures, low growth, and high debt levels [3] - In fiscal Q1 2026, Conagra reported revenues of $2.63 billion, a decrease of 5.81% year-over-year, with a 5.1% decline linked to mergers and acquisitions activity [3] - Organic net sales also fell by 0.6%, although the company gained market share in categories like frozen desserts, refrigerated whipped topping, hot dogs, and canned tomatoes [3] Debt and Cash Flow - The company has successfully reduced its net debt by $1.1 billion, ending the quarter with a net debt of $7.6 billion, reflecting a 12.3% reduction compared to the previous year [4] - Conagra's operating cash flow was reported at $121 million, with capital expenditures of $147 million, up from $133 million in the same quarter last year [4] - The company returned $167 million to shareholders through dividends [4]