Bell Bank Has $7.44 Million Stock Position in Conagra Brands $CAG

Bell Bank grew its holdings in Conagra Brands (NYSE:CAG) by 19.4% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 406,298 shares of the company’s stock after purchasing an additional 66,122 shares during the period. Bell Bank owned about 0.08% of Conagra Brands worth $7,439,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. SJS Investment Consulting Inc. grew its position in Conagra Brands by 14,716.7% in the third quarter. SJS Investment Consulting Inc. now owns 2,667 shares of the company’s stock valued at $49,000 after purchasing an additional 2,649 shares in the last quarter. True Wealth Design LLC boosted its stake in shares of Conagra Brands by 844.4% during the 3rd quarter. True Wealth Design LLC now owns 1,596 shares of the company’s stock worth $29,000 after buying an additional 1,427 shares during the last quarter. Moody Aldrich Partners LLC boosted its stake in shares of Conagra Brands by 221.0% during the 3rd quarter. Moody Aldrich Partners LLC now owns 256,974 shares of the company’s stock worth $4,705,000 after buying an additional 176,930 shares during the last quarter. Cantor Fitzgerald Investment Advisors L.P. grew its holdings in shares of Conagra Brands by 48.6% in the 3rd quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 521,816 shares of the company’s stock valued at $9,554,000 after acquiring an additional 170,733 shares in the last quarter. Finally, Mather Group LLC. increased its position in shares of Conagra Brands by 53.4% in the third quarter. Mather Group LLC. now owns 26,321 shares of the company’s stock valued at $482,000 after acquiring an additional 9,158 shares during the last quarter. Institutional investors own 83.75% of the company’s stock.

Analyst Ratings Changes

CAG has been the topic of several analyst reports. Morgan Stanley dropped their target price on Conagra Brands from $21.00 to $19.00 and set an “equal weight” rating on the stock in a report on Monday, December 22nd. Cowen reissued a “hold” rating on shares of Conagra Brands in a report on Monday, December 22nd. Royal Bank Of Canada lowered their target price on shares of Conagra Brands from $22.00 to $20.00 and set a “sector perform” rating on the stock in a report on Monday, December 22nd. The Goldman Sachs Group decreased their price objective on shares of Conagra Brands from $18.00 to $16.00 and set a “sell” rating for the company in a research report on Monday, November 24th. Finally, Zacks Research upgraded shares of Conagra Brands from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 2nd. One analyst has rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and an average target price of $19.07.

Insider Buying and Selling at Conagra Brands

In related news, SVP Melissa C. Napier sold 13,011 shares of Conagra Brands 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.57% of the company’s stock.

Conagra Brands Trading Down 0.1%

CAG stock opened at $17.29 on Friday. Conagra Brands has a one year low of $16.60 and a one year high of $28.51. The stock has a market cap of $8.27 billion, a price-to-earnings ratio of -78.57 and a beta of -0.01. The company has a fifty day moving average price of $17.41 and a two-hundred day moving average price of $18.64. 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 posted its 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. Conagra Brands had a negative net margin of 0.87% and a positive return on equity of 10.59%. The company had revenue of $2.98 billion during the quarter, compared to analysts’ expectations of $3 billion. During the same quarter last year, the company posted $0.70 EPS. Conagra Brands’s quarterly revenue 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. Equities analysts anticipate that Conagra Brands will post 2.35 EPS 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 given a $0.35 dividend. The ex-dividend date of this dividend is Tuesday, January 27th. This represents a $1.40 annualized dividend and a dividend yield of 8.1%. Conagra Brands’s dividend payout ratio is presently -636.36%.

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.