Conagra Brands $CAG Shares Bought by Cullen Capital Management LLC

Cullen Capital Management LLC lifted its stake in shares of Conagra Brands (NYSE:CAG) by 4,497.6% in the second quarter, Holdings Channel reports. The institutional investor owned 2,740,013 shares of the company’s stock after buying an additional 2,680,417 shares during the quarter. Cullen Capital Management LLC’s holdings in Conagra Brands were worth $56,088,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank bought a new position in Conagra Brands during the 2nd quarter valued at $172,475,000. Ameriprise Financial Inc. increased its position in shares of Conagra Brands by 233.7% in the 1st quarter. Ameriprise Financial Inc. now owns 5,985,256 shares of the company’s stock worth $159,625,000 after purchasing an additional 4,191,555 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its stake in shares of Conagra Brands by 315.4% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 4,120,156 shares of the company’s stock valued at $84,340,000 after purchasing an additional 3,128,203 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Conagra Brands by 49.5% during the first quarter. Dimensional Fund Advisors LP now owns 8,162,251 shares of the company’s stock worth $217,686,000 after purchasing an additional 2,702,407 shares during the last quarter. Finally, Qube Research & Technologies Ltd acquired a new position in Conagra Brands in the second quarter worth about $35,413,000. Institutional investors own 83.75% of the company’s stock.

Insider Activity at Conagra Brands

In other news, SVP Melissa C. Napier sold 13,011 shares of Conagra Brands stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $17.19, for a total transaction of $223,659.09. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.57% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Weiss Ratings restated a “sell (d+)” rating on shares of Conagra Brands in a research note on Wednesday, October 8th. Morgan Stanley upped their price target on Conagra Brands from $20.00 to $21.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 24th. Stifel Nicolaus decreased their price objective on shares of Conagra Brands from $21.00 to $19.00 and set a “hold” rating for the company in a report on Thursday. Zacks Research raised shares of Conagra Brands from a “strong sell” rating to a “hold” rating in a report on Thursday, October 2nd. Finally, Royal Bank Of Canada restated a “sector perform” rating and issued a $22.00 price target on shares of Conagra Brands in a research report on Thursday, October 2nd. One analyst has rated the stock with a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Reduce” and an average price target of $20.33.

Conagra Brands Price Performance

Shares of CAG opened at $17.75 on Monday. Conagra Brands has a 12 month low of $16.60 and a 12 month high of $28.51. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.06 and a quick ratio of 0.44. The stock has a fifty day moving average price of $17.75 and a 200 day moving average price of $19.11. The company has a market cap of $8.49 billion, a P/E ratio of 10.09 and a beta of -0.01.

Conagra Brands (NYSE:CAG) last announced its quarterly earnings results on Wednesday, October 1st. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.06. The company had revenue of $2.63 billion during the quarter, compared to the consensus estimate of $2.62 billion. Conagra Brands had a net margin of 7.42% and a return on equity of 11.72%. The company’s revenue for the quarter was down 5.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.53 earnings per share. Conagra Brands has set its FY 2026 guidance at 1.700-1.85 EPS. On average, research analysts forecast that Conagra Brands will post 2.35 earnings per share for the current year.

Conagra Brands Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Thursday, October 30th were given a $0.35 dividend. The ex-dividend date was Thursday, October 30th. This represents a $1.40 annualized dividend and a yield of 7.9%. Conagra Brands’s dividend payout ratio is 79.55%.

About Conagra Brands

Conagra Brands, Inc, together with its subsidiaries, operates as a consumer packaged goods food company primarily in the United States. The company operates through Grocery & Snacks, Refrigerated & Frozen, International, and Foodservice segments. The Grocery & Snacks segment primarily offers shelf stable food products through various retail channels.