Conagra Brands $CAG Shares Sold by Swedbank AB

Swedbank AB trimmed its holdings in shares of Conagra Brands (NYSE:CAG) by 80.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 201,468 shares of the company’s stock after selling 832,619 shares during the period. Swedbank AB’s holdings in Conagra Brands were worth $3,689,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of CAG. Quaker Wealth Management LLC grew its holdings in Conagra Brands by 202.3% during the second quarter. Quaker Wealth Management LLC now owns 1,227 shares of the company’s stock worth $25,000 after acquiring an additional 2,427 shares during the period. CYBER HORNET ETFs LLC acquired a new stake in Conagra Brands in the second quarter valued at $26,000. MUFG Securities EMEA plc purchased a new stake in shares of Conagra Brands during the 2nd quarter worth $29,000. Clearstead Trust LLC grew its stake in shares of Conagra Brands by 522.1% during the 2nd quarter. Clearstead Trust LLC now owns 1,636 shares of the company’s stock worth $33,000 after purchasing an additional 1,373 shares during the period. Finally, AlphaCore Capital LLC purchased a new position in shares of Conagra Brands in the 2nd quarter valued at about $37,000. 83.75% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on CAG. Royal Bank Of Canada decreased their price objective on shares of Conagra Brands from $22.00 to $20.00 and set a “sector perform” rating on the stock in a report on Monday, December 22nd. Morgan Stanley reduced their price target on shares of Conagra Brands from $21.00 to $19.00 and set an “equal weight” rating for the company in a research report on Monday, December 22nd. Evercore ISI decreased their price target on Conagra Brands from $23.00 to $22.00 and set an “in-line” rating on the stock in a research note on Monday, December 22nd. Zacks Research upgraded Conagra Brands from a “strong sell” rating to a “hold” rating in a report on Thursday, October 2nd. Finally, Bank of America reduced their price objective on Conagra Brands from $18.00 to $17.00 and set an “underperform” rating for the company in a report on Monday, December 22nd. One analyst has rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and a consensus target price of $19.07.

Conagra Brands Stock Up 1.0%

CAG stock opened at $17.25 on Friday. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.89 and a quick ratio of 0.28. The company’s 50 day simple moving average is $17.53 and its 200-day simple moving average is $18.78. Conagra Brands has a 12 month low of $16.60 and a 12 month high of $28.51. The firm has a market capitalization of $8.25 billion, a PE ratio of -78.39 and a beta of -0.01.

Conagra Brands (NYSE:CAG) last posted its earnings results on Friday, December 19th. The company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.01. The firm had revenue of $2.98 billion for the quarter, compared to analyst estimates of $3 billion. Conagra Brands had a positive return on equity of 10.59% and a negative net margin of 0.87%.Conagra Brands’s revenue was down 6.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.70 EPS. Conagra Brands has set its FY 2026 guidance at 1.700-1.85 EPS. Equities analysts expect that Conagra Brands will post 2.35 earnings per share for the current fiscal year.

Conagra Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 26th. Investors of record on Tuesday, January 27th will be paid a dividend of $0.35 per share. The ex-dividend date of this dividend is Tuesday, January 27th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 8.1%. Conagra Brands’s dividend payout ratio (DPR) is presently -636.36%.

Insider Buying and Selling

In related news, SVP Melissa C. Napier sold 13,011 shares of Conagra Brands stock in a transaction dated 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 Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.57% of the company’s stock.

About Conagra Brands

Conagra Brands, Inc is a leading packaged foods company based in Chicago, Illinois, with a broad portfolio of shelf-stable, frozen and refrigerated foods marketed under familiar brands. The company develops, produces and distributes a wide range of consumer food products, serving both retail grocery and foodservice channels. Conagra’s product lineup includes frozen entrees, snacks, condiments, baking goods and desserts, providing convenient meal solutions for consumers across North America and select international markets.

Among its well-known brands are Birds Eye, Healthy Choice, Lean Cuisine, Marie Callender’s and Banquet in the frozen foods category, as well as Hunt’s sauces, Orville Redenbacher’s popcorn, Slim Jim meat snacks and Reddi-wip toppings.