Edgestream Partners L.P. Acquires Shares of 82,990 Conagra Brands $CAG

Edgestream Partners L.P. bought a new position in shares of Conagra Brands (NYSE:CAG) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 82,990 shares of the company’s stock, valued at approximately $1,699,000.

Several other large investors have also recently bought and sold shares of CAG. Quaker Wealth Management LLC lifted its holdings in shares of Conagra Brands by 202.3% during the second quarter. Quaker Wealth Management LLC now owns 1,227 shares of the company’s stock worth $25,000 after buying an additional 2,427 shares in the last quarter. Clearstead Trust LLC grew its position in shares of Conagra Brands by 522.1% during the 2nd quarter. Clearstead Trust LLC now owns 1,636 shares of the company’s stock worth $33,000 after purchasing an additional 1,373 shares in the last quarter. Summit Securities Group LLC bought a new position in shares of Conagra Brands during the first quarter worth approximately $45,000. AlphaCore Capital LLC acquired a new stake in shares of Conagra Brands in the second quarter valued at approximately $37,000. Finally, ST Germain D J Co. Inc. raised its position in shares of Conagra Brands by 130.8% in the second quarter. ST Germain D J Co. Inc. now owns 1,992 shares of the company’s stock valued at $41,000 after buying an additional 1,129 shares in the last quarter. 83.75% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

CAG has been the topic of a number of analyst reports. Weiss Ratings reissued a “sell (d+)” rating on shares of Conagra Brands in a research report on Wednesday, October 8th. The Goldman Sachs Group reduced their target price on Conagra Brands from $18.00 to $16.00 and set a “sell” rating on the stock in a report on Monday, November 24th. JPMorgan Chase & Co. assumed coverage on Conagra Brands in a research report on Wednesday, August 20th. They issued a “neutral” rating and a $20.00 price target on the stock. Morgan Stanley boosted their price target on Conagra Brands from $20.00 to $21.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 24th. Finally, Wells Fargo & Company increased their price objective on shares of Conagra Brands from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 2nd. One analyst has rated the stock with a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, Conagra Brands presently has an average rating of “Reduce” and an average price target of $21.50.

Conagra Brands Price Performance

Conagra Brands stock opened at $17.06 on Friday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.44 and a current ratio of 1.06. Conagra Brands has a 52 week low of $16.60 and a 52 week high of $28.51. The stock has a market capitalization of $8.16 billion, a P/E ratio of 9.69 and a beta of -0.01. The stock has a fifty day moving average of $17.88 and a 200-day moving average of $19.34.

Conagra Brands (NYSE:CAG) last released its earnings results on Wednesday, October 1st. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.06. The firm had revenue of $2.63 billion for the quarter, compared to analysts’ expectations of $2.62 billion. Conagra Brands had a return on equity of 11.72% and a net margin of 7.42%.The business’s revenue for the quarter was down 5.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.53 earnings per share. Conagra Brands has set its FY 2026 guidance at 1.700-1.85 EPS. On average, sell-side analysts expect that Conagra Brands will post 2.35 earnings per share for the current fiscal year.

Conagra Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Thursday, October 30th were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 8.2%. The ex-dividend date was Thursday, October 30th. Conagra Brands’s dividend payout ratio is currently 79.55%.

Insider Buying and Selling

In other Conagra Brands news, SVP Melissa C. Napier sold 13,011 shares of the firm’s stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $17.19, for a total value of $223,659.09. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.57% of the stock is currently owned by insiders.

Conagra Brands Company Profile

Conagra Brands, Inc, together with its subsidiaries, operates as a consumer packaged goods food company primarily in the United States. The company operates through Grocery & Snacks, Refrigerated & Frozen, International, and Foodservice segments. The Grocery & Snacks segment primarily offers shelf stable food products through various retail channels.