Conagra Brands $CAG Shares Purchased by Cullen Capital Management LLC

Cullen Capital Management LLC raised its holdings in Conagra Brands (NYSE:CAG) by 4,497.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,740,013 shares of the company’s stock after buying an additional 2,680,417 shares during the quarter. Cullen Capital Management LLC owned approximately 0.57% of Conagra Brands worth $56,088,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of CAG. Quaker Wealth Management LLC grew its holdings in Conagra Brands by 202.3% in the second quarter. Quaker Wealth Management LLC now owns 1,227 shares of the company’s stock valued at $25,000 after purchasing an additional 2,427 shares during the period. CYBER HORNET ETFs LLC acquired a new position in shares of Conagra Brands in the 2nd quarter valued at $26,000. MUFG Securities EMEA plc purchased a new stake in shares of Conagra Brands during the 2nd quarter valued at $29,000. Clearstead Trust LLC grew its stake 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 valued at $33,000 after buying an additional 1,373 shares during the period. Finally, AlphaCore Capital LLC acquired a new stake in shares of Conagra Brands during the 2nd quarter worth $37,000. 83.75% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Conagra Brands

In other Conagra Brands news, SVP Melissa C. Napier sold 13,011 shares of the business’s stock in a transaction 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 owned by company insiders.

Wall Street Analysts Forecast Growth

CAG has been the topic of a number of research analyst reports. Jefferies Financial Group reduced their target price on Conagra Brands from $19.00 to $18.00 and set a “hold” rating on the stock in a report on Thursday. Morgan Stanley raised their price objective on Conagra Brands from $20.00 to $21.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 24th. JPMorgan Chase & Co. started coverage on Conagra Brands in a report on Wednesday, August 20th. They set a “neutral” rating and a $20.00 target price for the company. Stifel Nicolaus cut their price target on shares of Conagra Brands from $21.00 to $19.00 and set a “hold” rating on the stock in a report on Thursday. Finally, Evercore ISI decreased their price objective on shares of Conagra Brands from $24.00 to $23.00 and set an “in-line” rating for the company in a research note on Wednesday, September 24th. One research 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 MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus price target of $20.33.

Conagra Brands Stock Performance

Shares of NYSE:CAG opened at $17.75 on Monday. The business’s 50-day simple moving average is $17.75 and its 200 day simple moving average is $19.11. The company has a market cap of $8.49 billion, a P/E ratio of 10.09 and a beta of -0.01. 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 one year low of $16.60 and a one year high of $28.51.

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

Conagra Brands Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Thursday, October 30th were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Thursday, October 30th. This represents a $1.40 annualized dividend and a yield of 7.9%. Conagra Brands’s payout ratio is 79.55%.

Conagra Brands 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.