Robeco Institutional Asset Management B.V. Sells 3,948,495 Shares of Conagra Brands $CAG

Robeco Institutional Asset Management B.V. cut its position in shares of Conagra Brands (NYSE:CAG) by 95.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 171,661 shares of the company’s stock after selling 3,948,495 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Conagra Brands were worth $3,143,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Conagra Brands by 1.6% during the 2nd quarter. Vanguard Group Inc. now owns 61,369,876 shares of the company’s stock worth $1,256,241,000 after purchasing an additional 966,031 shares in the last quarter. State Street Corp lifted its position in Conagra Brands by 2.3% in the second quarter. State Street Corp now owns 26,202,392 shares of the company’s stock worth $536,363,000 after purchasing an additional 588,435 shares during the period. Geode Capital Management LLC lifted its position in Conagra Brands by 1.5% in the second quarter. Geode Capital Management LLC now owns 12,870,239 shares of the company’s stock worth $262,405,000 after purchasing an additional 193,829 shares during the period. Invesco Ltd. boosted its stake in Conagra Brands by 4.7% during the second quarter. Invesco Ltd. now owns 12,414,110 shares of the company’s stock worth $254,117,000 after buying an additional 554,125 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in Conagra Brands by 69.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 10,145,798 shares of the company’s stock valued at $207,685,000 after buying an additional 4,160,542 shares during the period. Institutional investors and hedge funds own 83.75% of the company’s stock.

Conagra Brands Price Performance

Shares of Conagra Brands stock opened at $16.95 on Friday. The stock has a market capitalization of $8.11 billion, a price-to-earnings ratio of -77.02 and a beta of -0.01. The firm’s 50-day moving average price is $17.31 and its two-hundred day moving average price is $18.45. The company has a current ratio of 0.89, a quick ratio of 0.28 and a debt-to-equity ratio of 0.80. Conagra Brands has a 1-year low of $15.96 and a 1-year high of $28.51.

Conagra Brands (NYSE:CAG) last announced its earnings results on Friday, December 19th. The company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.44 by $0.01. The business had revenue of $2.98 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the previous year, the business earned $0.70 EPS. Conagra Brands has set its FY 2026 guidance at 1.700-1.85 EPS. On average, equities analysts predict that Conagra Brands will post 2.35 earnings per share for the current fiscal year.

Conagra Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 26th. Stockholders of record on Tuesday, January 27th will be paid a $0.35 dividend. The ex-dividend date is Tuesday, January 27th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 8.3%. Conagra Brands’s dividend payout ratio (DPR) is -636.36%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. The Goldman Sachs Group reduced their price objective on shares of Conagra Brands from $18.00 to $16.00 and set a “sell” rating for the company in a report on Monday, November 24th. Jefferies Financial Group dropped their price target on shares of Conagra Brands from $19.00 to $18.00 and set a “hold” rating for the company in a research report on Thursday, December 11th. Cowen reaffirmed a “hold” rating on shares of Conagra Brands in a report on Monday, December 22nd. Royal Bank Of Canada lowered their price objective on Conagra Brands from $22.00 to $20.00 and set a “sector perform” rating on the stock in a research note on Monday, December 22nd. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Conagra Brands in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating, twelve have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Conagra Brands currently has a consensus rating of “Reduce” and a consensus target price of $19.00.

Insider Activity

In related news, SVP Melissa C. Napier sold 13,011 shares of the company’s stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $17.19, for a total transaction of $223,659.09. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.57% of the stock is owned by corporate insiders.

Conagra Brands Profile

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.