63,082 Shares in Conagra Brands $CAG Purchased by Caprock Group LLC

Caprock Group LLC purchased a new stake in shares of Conagra Brands (NYSE:CAG) in the third quarter, Holdings Channel.com reports. The firm purchased 63,082 shares of the company’s stock, valued at approximately $1,207,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Campbell & CO Investment Adviser LLC bought a new position in Conagra Brands in the 2nd quarter worth about $2,489,000. Wealth Enhancement Advisory Services LLC boosted its holdings in Conagra Brands by 45.3% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 342,942 shares of the company’s stock valued at $6,485,000 after purchasing an additional 106,891 shares during the period. Y Intercept Hong Kong Ltd purchased a new position in shares of Conagra Brands during the 2nd quarter valued at $10,465,000. Hsbc Holdings PLC raised its position in shares of Conagra Brands by 20.0% in the second quarter. Hsbc Holdings PLC now owns 1,251,371 shares of the company’s stock worth $25,578,000 after buying an additional 208,450 shares in the last quarter. Finally, AE Wealth Management LLC boosted its stake in Conagra Brands by 13.7% during the third quarter. AE Wealth Management LLC now owns 720,093 shares of the company’s stock valued at $13,185,000 after buying an additional 86,604 shares during the period. 83.75% of the stock is owned by institutional investors.

Conagra Brands Stock Performance

NYSE CAG opened at $19.78 on Friday. The business has a 50 day simple moving average of $17.74 and a two-hundred day simple moving average of $18.16. Conagra Brands has a 1-year low of $15.96 and a 1-year high of $28.51. The stock has a market capitalization of $9.46 billion, a PE ratio of -89.89 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 (NYSE:CAG) last released its earnings results on Friday, December 19th. The company reported $0.45 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $2.98 billion for the quarter, compared to the consensus estimate of $3 billion. During the same quarter in the previous year, the company posted $0.70 EPS. The company’s revenue for the quarter was down 6.8% compared to the same quarter last year. Conagra Brands has set its FY 2026 guidance at 1.700-1.85 EPS. On average, research analysts predict that Conagra Brands will post 2.35 EPS for the current fiscal year.

Conagra Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 26th. Investors of record on Tuesday, January 27th will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 7.1%. The ex-dividend date is Tuesday, January 27th. Conagra Brands’s payout ratio is presently -636.36%.

Wall Street Analyst Weigh In

Several research firms have weighed in on CAG. Wells Fargo & Company lowered their price target on Conagra Brands from $19.00 to $18.00 and set an “equal weight” rating on the stock in a report on Monday, January 5th. Jefferies Financial Group lowered their target price on shares of Conagra Brands from $19.00 to $18.00 and set a “hold” rating on the stock in a research note on Thursday, December 11th. Bank of America cut their price target on shares of Conagra Brands from $18.00 to $17.00 and set an “underperform” rating for the company in a research note on Monday, December 22nd. Zacks Research downgraded shares of Conagra Brands from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 6th. Finally, Royal Bank Of Canada lowered their price target on Conagra Brands from $22.00 to $20.00 and set a “sector perform” rating on the stock in a research report on Monday, December 22nd. One equities research analyst has rated the stock with a Buy rating, eleven have assigned a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat.com, Conagra Brands currently has an average rating of “Reduce” and an average price target of $18.86.

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.