D.A. Davidson & CO. Has $3.15 Million Holdings in Conagra Brands $CAG

D.A. Davidson & CO. grew its position in shares of Conagra Brands (NYSE:CAG) by 44.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 200,325 shares of the company’s stock after buying an additional 62,087 shares during the quarter. D.A. Davidson & CO.’s holdings in Conagra Brands were worth $3,149,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. VIRGINIA RETIREMENT SYSTEMS ET Al raised its position in Conagra Brands by 24.8% in the 4th quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 661,029 shares of the company’s stock valued at $11,442,000 after purchasing an additional 131,287 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Conagra Brands by 23.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 8,125,901 shares of the company’s stock worth $140,659,000 after purchasing an additional 1,554,725 shares during the last quarter. Leonteq Securities AG acquired a new stake in shares of Conagra Brands in the fourth quarter valued at $2,415,000. Sound Income Strategies LLC increased its stake in shares of Conagra Brands by 153.4% in the fourth quarter. Sound Income Strategies LLC now owns 406,666 shares of the company’s stock valued at $6,897,000 after buying an additional 246,178 shares in the last quarter. Finally, Marathon Trading Investment Management LLC acquired a new stake in shares of Conagra Brands in the fourth quarter valued at $1,367,000. Institutional investors and hedge funds own 83.75% of the company’s stock.

Conagra Brands Trading Up 0.1%

CAG stock opened at $14.29 on Monday. The company has a quick ratio of 0.31, a current ratio of 0.90 and a debt-to-equity ratio of 1.02. Conagra Brands has a twelve month low of $12.53 and a twelve month high of $20.32. The company has a market cap of $6.84 billion, a P/E ratio of -3.57 and a beta of -0.02. The business has a fifty day moving average of $13.61 and a 200-day moving average of $15.70.

Conagra Brands (NYSE:CAG) last posted its quarterly earnings results on Wednesday, July 15th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.01. The business had revenue of $2.88 billion for the quarter, compared to analysts’ expectations of $2.89 billion. Conagra Brands had a positive return on equity of 10.44% and a negative net margin of 16.99%.The firm’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.56 earnings per share. Conagra Brands has set its FY 2027 guidance at 1.400-1.500 EPS. As a group, equities research analysts expect that Conagra Brands will post 1.45 EPS for the current year.

Conagra Brands Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Thursday, July 30th will be paid a $0.175 dividend. This represents a $0.70 annualized dividend and a dividend yield of 4.9%. The ex-dividend date of this dividend is Thursday, July 30th. Conagra Brands’s dividend payout ratio (DPR) is -35.00%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CAG. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Conagra Brands from $14.00 to $12.00 and set a “hold” rating on the stock in a research report on Thursday, June 18th. Royal Bank Of Canada lowered their price objective on shares of Conagra Brands from $16.00 to $14.00 and set a “sector perform” rating for the company in a research report on Thursday. Wells Fargo & Company dropped their target price on shares of Conagra Brands from $14.00 to $13.00 and set an “underweight” rating for the company in a research note on Monday, May 18th. Weiss Ratings lowered shares of Conagra Brands from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, June 25th. Finally, Evercore decreased their price target on shares of Conagra Brands from $18.00 to $13.00 in a research note on Wednesday, June 10th. One equities research analyst has rated the stock with a Buy rating, eleven have assigned a Hold rating and six have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus target price of $14.07.

Conagra Brands News Roundup

Here are the key news stories impacting Conagra Brands this week:

• Positive Sentiment: Barclays raised its price target on Conagra Brands to $17 from $16 and kept an overweight rating, implying meaningful upside from current levels. Barclays raises Conagra price target
• Positive Sentiment: Jefferies reiterated a Hold rating but lifted its target to $14 from $13, and UBS also nudged its target higher to $14, suggesting analysts see some stabilization after the post-earnings reset. Conagra begins strategic reset with dividend cut and higher reinvestment
• Positive Sentiment: Several reports argue that Conagra’s dividend cut could be constructive because it frees up about $335 million annually for debt reduction and brand investment, which may support a longer-term turnaround. Why Conagra’s dividend cut could be the best thing for investors
• Neutral Sentiment: The company’s Q4 results were mixed: adjusted EPS was roughly in line, but revenue and operating profit missed expectations and management issued a weak annual outlook. Reuters: Conagra forecasts annual profit below estimates
• Neutral Sentiment: Management is emphasizing a margin reset, supply-chain improvements, portfolio simplification, and selective reinvestment, which supports the idea of a turnaround but also highlights that the recovery will take time. Q4 earnings call highlights margin reset and cost focus
• Negative Sentiment: The dividend cut and below-estimate profit outlook signal ongoing pressure on earnings and cash flow, which remains a concern for income-focused investors. Seeking Alpha commentary on Conagra dividend cut

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.