Conagra Brands $CAG Stock Position Lowered by Arkadios Wealth Advisors

Arkadios Wealth Advisors trimmed its position in shares of Conagra Brands (NYSE:CAG) by 49.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 46,199 shares of the company’s stock after selling 45,129 shares during the period. Arkadios Wealth Advisors’ holdings in Conagra Brands were worth $846,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of CAG. Wealth Enhancement Advisory Services LLC boosted its position in shares of Conagra Brands by 45.3% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 342,942 shares of the company’s stock worth $6,485,000 after buying an additional 106,891 shares during the period. Inspire Advisors LLC lifted its stake in Conagra Brands by 8.2% in the 3rd quarter. Inspire Advisors LLC now owns 142,112 shares of the company’s stock worth $2,602,000 after acquiring an additional 10,723 shares in the last quarter. Tred Avon Family Wealth LLC acquired a new stake in Conagra Brands during the 3rd quarter worth about $658,000. Donoghue Forlines LLC grew its stake in Conagra Brands by 16.7% during the 3rd quarter. Donoghue Forlines LLC now owns 76,844 shares of the company’s stock valued at $1,407,000 after acquiring an additional 10,983 shares in the last quarter. Finally, Resonant Capital Advisors LLC acquired a new position in shares of Conagra Brands in the 3rd quarter valued at about $238,000. Hedge funds and other institutional investors own 83.75% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Weiss Ratings restated a “sell (d+)” rating on shares of Conagra Brands in a report on Wednesday, October 8th. TD Cowen reiterated a “hold” rating on shares of Conagra Brands in a research report on Monday, December 22nd. Jefferies Financial Group decreased their target price on shares of Conagra Brands from $19.00 to $18.00 and set a “hold” rating for the company in a research note on Thursday, December 11th. Zacks Research downgraded shares of Conagra Brands from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 6th. Finally, UBS Group cut their price objective on Conagra Brands from $19.00 to $18.00 and set a “neutral” rating for the company in a report on Tuesday, December 23rd. One investment analyst has rated the stock with a Buy rating, eleven have issued a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus price target of $18.71.

Conagra Brands Price Performance

Shares of NYSE:CAG opened at $17.50 on Monday. The stock has a market capitalization of $8.37 billion, a P/E ratio of -79.52 and a beta of -0.01. The business has a 50-day moving average of $17.29 and a two-hundred day moving average of $18.18. Conagra Brands has a fifty-two week low of $15.96 and a fifty-two week high of $28.51. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.89 and a quick ratio of 0.28.

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

Conagra Brands Dividend Announcement

The company also recently disclosed 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. This represents a $1.40 dividend on an annualized basis and a dividend yield of 8.0%. The ex-dividend date is Tuesday, January 27th. Conagra Brands’s payout ratio is presently -636.36%.

Insider Activity

In related news, SVP Melissa C. Napier sold 13,011 shares of the company’s stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $17.19, for a total transaction of $223,659.09. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.57% of the company’s stock.

Conagra Brands Company 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.