AGF Management Ltd. Has $3.20 Million Position in Conagra Brands $CAG

AGF Management Ltd. raised its position in shares of Conagra Brands (NYSE:CAG) by 31.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 174,969 shares of the company’s stock after purchasing an additional 41,712 shares during the period. AGF Management Ltd.’s holdings in Conagra Brands were worth $3,204,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Edmp Inc. lifted its position in shares of Conagra Brands by 1.1% during the 2nd quarter. Edmp Inc. now owns 48,675 shares of the company’s stock worth $996,000 after buying an additional 544 shares during the last quarter. Vontobel Holding Ltd. grew its position in Conagra Brands by 1.5% in the second quarter. Vontobel Holding Ltd. now owns 36,171 shares of the company’s stock valued at $740,000 after acquiring an additional 546 shares during the last quarter. DekaBank Deutsche Girozentrale raised its stake in Conagra Brands by 0.3% during the second quarter. DekaBank Deutsche Girozentrale now owns 172,140 shares of the company’s stock worth $3,483,000 after acquiring an additional 585 shares in the last quarter. Sutton Place Investors LLC lifted its holdings in shares of Conagra Brands by 1.9% in the third quarter. Sutton Place Investors LLC now owns 31,196 shares of the company’s stock worth $571,000 after acquiring an additional 585 shares during the last quarter. Finally, Horrell Capital Management Inc. boosted its stake in shares of Conagra Brands by 2.2% in the 2nd quarter. Horrell Capital Management Inc. now owns 27,427 shares of the company’s stock valued at $561,000 after purchasing an additional 597 shares in the last quarter. Institutional investors and hedge funds own 83.75% of the company’s stock.

Conagra Brands Stock Up 3.5%

Shares of NYSE:CAG opened at $19.77 on Thursday. Conagra Brands has a 1 year low of $15.96 and a 1 year 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. The business’s 50-day moving average is $17.44 and its 200-day moving average is $18.15. The company has a market capitalization of $9.46 billion, a price-to-earnings ratio of -89.86 and a beta of -0.01.

Conagra Brands (NYSE:CAG) last issued its earnings results on Friday, December 19th. The company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.01. The business had revenue of $2.98 billion during 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%.The firm’s revenue for the quarter was down 6.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.70 earnings per share. Conagra Brands has set its FY 2026 guidance at 1.700-1.85 EPS. Equities research analysts predict that Conagra Brands will post 2.35 earnings per share for the current year.

Conagra Brands Announces Dividend

The business also recently declared 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. This represents a $1.40 dividend on an annualized basis and a yield of 7.1%. The ex-dividend date is Tuesday, January 27th. Conagra Brands’s dividend payout ratio (DPR) is presently -636.36%.

Wall Street Analyst Weigh In

CAG has been the subject of several research reports. Wall Street Zen downgraded shares of Conagra Brands from a “hold” rating to a “sell” rating in a research note on Saturday, December 27th. UBS Group dropped their price target on Conagra Brands from $19.00 to $18.00 and set a “neutral” rating for the company in a research note on Tuesday, December 23rd. Evercore ISI reduced their price objective on Conagra Brands from $22.00 to $19.00 in a research report on Friday, January 9th. Wells Fargo & Company dropped their target price on Conagra Brands from $19.00 to $18.00 and set an “equal weight” rating for the company in a research report on Monday, January 5th. Finally, Morgan Stanley cut their price target on 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. One analyst has rated the stock with a Buy rating, eleven have assigned a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and an average target price of $18.71.

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.