Savant Capital LLC Purchases 74,991 Shares of Conagra Brands $CAG

Savant Capital LLC increased its holdings in Conagra Brands (NYSE:CAG) by 273.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 102,422 shares of the company’s stock after purchasing an additional 74,991 shares during the period. Savant Capital LLC’s holdings in Conagra Brands were worth $1,875,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the business. Quaker Wealth Management LLC raised its position in shares of Conagra Brands by 202.3% during the 2nd quarter. Quaker Wealth Management LLC now owns 1,227 shares of the company’s stock valued at $25,000 after buying an additional 2,427 shares in the last quarter. CYBER HORNET ETFs LLC bought a new stake in Conagra Brands during the second quarter worth approximately $26,000. MUFG Securities EMEA plc purchased a new stake in Conagra Brands during the second quarter valued at approximately $29,000. True Wealth Design LLC lifted its stake in shares of Conagra Brands by 844.4% in the 3rd quarter. True Wealth Design LLC now owns 1,596 shares of the company’s stock valued at $29,000 after purchasing an additional 1,427 shares during the last quarter. Finally, Spire Wealth Management boosted its holdings in shares of Conagra Brands by 249.0% in the 3rd quarter. Spire Wealth Management now owns 1,724 shares of the company’s stock worth $32,000 after purchasing an additional 1,230 shares during the period. Institutional investors own 83.75% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Jefferies Financial Group decreased their price target on Conagra Brands from $19.00 to $18.00 and set a “hold” rating on the stock in a report on Thursday, December 11th. Wells Fargo & Company lowered their target price on shares of Conagra Brands from $19.00 to $18.00 and set an “equal weight” rating for the company in a report on Monday, January 5th. JPMorgan Chase & Co. dropped their price target on shares of Conagra Brands from $20.00 to $19.00 and set a “neutral” rating for the company in a research note on Tuesday, December 16th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Conagra Brands from $19.00 to $18.00 and set a “hold” rating on the stock in a research report on Monday, December 22nd. Finally, Sanford C. Bernstein dropped their target price on Conagra Brands from $21.00 to $18.00 and set a “market perform” rating for the company in a research report on Monday, December 22nd. One investment analyst has rated the stock with a Buy rating, eleven have assigned a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Reduce” and an average target price of $18.71.

Conagra Brands Stock Down 0.9%

Shares of NYSE:CAG opened at $19.38 on Monday. The company has a quick ratio of 0.28, a current ratio of 0.89 and a debt-to-equity ratio of 0.80. The business’s 50 day moving average is $17.50 and its 200 day moving average is $18.14. The stock has a market cap of $9.27 billion, a P/E ratio of -88.09 and a beta of -0.01. Conagra Brands has a 52-week low of $15.96 and a 52-week high of $28.51.

Conagra Brands (NYSE:CAG) last posted its quarterly earnings results on Friday, December 19th. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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%.The business’s revenue was down 6.8% compared to the same quarter last year. 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. Sell-side analysts predict that Conagra Brands will post 2.35 EPS for the current year.

Conagra Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 26th. Stockholders of record on Tuesday, January 27th will be issued a $0.35 dividend. The ex-dividend date is Tuesday, January 27th. This represents a $1.40 annualized dividend and a dividend yield of 7.2%. Conagra Brands’s payout ratio is currently -636.36%.

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.