Brookstone Capital Management Sells 452,041 Shares of Conagra Brands $CAG

Brookstone Capital Management trimmed its position in shares of Conagra Brands (NYSE:CAG) by 97.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,430 shares of the company’s stock after selling 452,041 shares during the quarter. Brookstone Capital Management’s holdings in Conagra Brands were worth $209,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in CAG. Future Financial Wealth Managment LLC acquired a new stake in Conagra Brands during the 3rd quarter worth approximately $183,000. Gilman Hill Asset Management LLC raised its stake in shares of Conagra Brands by 21.7% during the third quarter. Gilman Hill Asset Management LLC now owns 458,919 shares of the company’s stock valued at $8,403,000 after acquiring an additional 81,963 shares during the last quarter. Optas LLC bought a new position in shares of Conagra Brands during the third quarter valued at $240,000. Vontobel Holding Ltd. lifted its holdings in shares of Conagra Brands by 24.6% during the third quarter. Vontobel Holding Ltd. now owns 45,061 shares of the company’s stock worth $825,000 after purchasing an additional 8,890 shares during the period. Finally, Key Client Fiduciary Advisors LLC grew its stake in shares of Conagra Brands by 7.5% in the third quarter. Key Client Fiduciary Advisors LLC now owns 13,828 shares of the company’s stock worth $253,000 after purchasing an additional 960 shares during the last quarter. 83.75% of the stock is currently owned by institutional investors.

Conagra Brands Trading Down 0.7%

Shares of CAG stock opened at $17.31 on Friday. Conagra Brands has a fifty-two week low of $16.60 and a fifty-two week high of $28.51. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.28 and a current ratio of 0.89. The stock has a 50 day simple moving average of $17.43 and a two-hundred day simple moving average of $18.67. The company has a market cap of $8.28 billion, a P/E ratio of -78.68 and a beta of -0.01.

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 firm had revenue of $2.98 billion for the quarter, compared to analysts’ expectations of $3 billion. Conagra Brands had a positive return on equity of 10.59% and a negative net margin of 0.87%.The company’s revenue for the quarter was down 6.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.70 EPS. Conagra Brands has set its FY 2026 guidance at 1.700-1.85 EPS. Research analysts forecast that Conagra Brands will post 2.35 earnings per share for the current year.

Conagra Brands Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 26th. Stockholders of record on Tuesday, January 27th will be paid a $0.35 dividend. The ex-dividend date is Tuesday, January 27th. This represents a $1.40 annualized dividend and a dividend yield of 8.1%. Conagra Brands’s dividend payout ratio (DPR) is currently -636.36%.

Insider Buying and Selling

In related news, SVP Melissa C. Napier sold 13,011 shares of the company’s stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $17.19, for a total transaction of $223,659.09. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.57% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages recently issued reports on CAG. Zacks Research raised Conagra Brands from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 2nd. The Goldman Sachs Group decreased their price target on Conagra Brands from $18.00 to $16.00 and set a “sell” rating for the company in a research note on Monday, November 24th. TD Cowen lowered their price objective on Conagra Brands from $19.00 to $18.00 and set a “hold” rating for the company in a research report on Monday, December 22nd. Sanford C. Bernstein reduced their target price on Conagra Brands from $21.00 to $18.00 and set a “market perform” rating on the stock in a report on Monday, December 22nd. Finally, Jefferies Financial Group decreased their target price on shares of Conagra Brands from $19.00 to $18.00 and set a “hold” rating for the company in a research report on Thursday, December 11th. One research analyst has rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, Conagra Brands presently has a consensus rating of “Reduce” and an average price target of $19.07.

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.