** Slim Jim maker Conagra CAG.N down ~5% at $13.50 premarket

** Co forecasts annual profit below estimates on higher commodity costs and frugal consumer spending

** Expects FY27 adj. EPS of $1.40-$1.50 vs estimates of $1.59, per LSEG data

** Expects FY27 organic net sales to drop 1%-3% versus 0.4% decrease in FY26

** CAG also halves dividend to 70 cents per share

** Up to last close, stock had fallen about 18% YTD