Conagra Brands $CAG Shares Bought by AE Wealth Management LLC

AE Wealth Management LLC grew its stake in Conagra Brands (NYSE:CAG) by 13.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 720,093 shares of the company’s stock after buying an additional 86,604 shares during the period. AE Wealth Management LLC’s holdings in Conagra Brands were worth $13,185,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of CAG. Edmp Inc. boosted its stake in Conagra Brands by 1.1% in the second quarter. Edmp Inc. now owns 48,675 shares of the company’s stock valued at $996,000 after acquiring an additional 544 shares in the last quarter. Vontobel Holding Ltd. lifted its holdings in shares of Conagra Brands by 1.5% in the 2nd quarter. Vontobel Holding Ltd. now owns 36,171 shares of the company’s stock valued at $740,000 after purchasing an additional 546 shares during the last quarter. Ameriflex Group Inc. boosted its position in shares of Conagra Brands by 20.3% in the 2nd quarter. Ameriflex Group Inc. now owns 3,327 shares of the company’s stock valued at $68,000 after purchasing an additional 561 shares during the period. DekaBank Deutsche Girozentrale boosted its position in shares of Conagra Brands by 0.3% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 172,140 shares of the company’s stock valued at $3,483,000 after purchasing an additional 585 shares during the period. Finally, Sutton Place Investors LLC grew its stake in Conagra Brands by 1.9% during the 3rd quarter. Sutton Place Investors LLC now owns 31,196 shares of the company’s stock worth $571,000 after buying an additional 585 shares during the last quarter. 83.75% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on CAG shares. Zacks Research downgraded Conagra Brands from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 6th. UBS Group reduced their price target on shares of Conagra Brands from $19.00 to $18.00 and set a “neutral” rating for the company in a research report on Tuesday, December 23rd. Wells Fargo & Company decreased their price target on shares of Conagra Brands from $19.00 to $18.00 and set an “equal weight” rating for the company in a research note on Monday, January 5th. Morgan Stanley dropped their price objective on shares of Conagra Brands from $19.00 to $18.00 and set an “equal weight” rating on the stock in a research note on Friday, January 16th. Finally, TD Cowen reaffirmed a “hold” rating on shares of Conagra Brands in a report on Monday, December 22nd. One research analyst has rated the stock with a Buy rating, eleven have assigned a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, Conagra Brands currently has an average rating of “Reduce” and an average price target of $18.71.

Insider Transactions 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 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 hyperlink. Company insiders own 0.57% of the company’s stock.

Conagra Brands Trading Up 0.7%

Shares of CAG stock opened at $17.80 on Friday. The business’s fifty day moving average price is $17.34 and its 200 day moving average price is $18.16. The firm has a market capitalization of $8.51 billion, a PE ratio of -80.89 and a beta of -0.01. 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 has a 1-year low of $15.96 and a 1-year high of $28.51.

Conagra Brands (NYSE:CAG) last issued 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 company had revenue of $2.98 billion for the quarter, compared to analyst estimates of $3 billion. Conagra Brands had a negative net margin of 0.87% and a positive return on equity of 10.59%. The business’s revenue was down 6.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.70 EPS. Conagra Brands has set its FY 2026 guidance at 1.700-1.85 EPS. As a group, sell-side analysts forecast that Conagra Brands will post 2.35 EPS for the current fiscal year.

Conagra Brands Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 26th. Shareholders of record on Tuesday, January 27th will be issued a $0.35 dividend. The ex-dividend date of this dividend is Tuesday, January 27th. This represents a $1.40 dividend on an annualized basis and a yield of 7.9%. Conagra Brands’s dividend payout ratio (DPR) is -636.36%.

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.