Cerity Partners LLC Has $12.58 Million Stake in Conagra Brands $CAG

Cerity Partners LLC increased its holdings in shares of Conagra Brands (NYSE:CAG) by 35.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 687,096 shares of the company’s stock after acquiring an additional 178,517 shares during the quarter. Cerity Partners LLC owned about 0.14% of Conagra Brands worth $12,581,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of CAG. NewEdge Advisors LLC grew its position in Conagra Brands by 4.2% during the 1st quarter. NewEdge Advisors LLC now owns 23,541 shares of the company’s stock worth $628,000 after acquiring an additional 954 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in Conagra Brands in the first quarter valued at $333,000. Goldman Sachs Group Inc. grew its stake in Conagra Brands by 4.8% during the first quarter. Goldman Sachs Group Inc. now owns 4,105,516 shares of the company’s stock worth $109,494,000 after purchasing an additional 189,308 shares during the period. United Services Automobile Association acquired a new position in shares of Conagra Brands during the 1st quarter valued at $225,000. Finally, Empowered Funds LLC grew its stake in shares of Conagra Brands by 5.9% in the 1st quarter. Empowered Funds LLC now owns 36,356 shares of the company’s stock valued at $970,000 after buying an additional 2,038 shares during the period. 83.75% of the stock is owned by institutional investors and hedge funds.

Conagra Brands Stock Performance

Conagra Brands stock opened at $16.95 on Friday. The stock’s 50 day moving average is $17.31 and its 200 day moving average is $18.45. The company has a quick ratio of 0.28, a current ratio of 0.89 and a debt-to-equity ratio of 0.80. The company has a market capitalization of $8.11 billion, a P/E ratio of -77.02 and a beta of -0.01. Conagra Brands has a twelve month low of $15.96 and a twelve month high of $28.51.

Conagra Brands (NYSE:CAG) last announced its quarterly earnings data on Friday, December 19th. The company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.01. The company had revenue of $2.98 billion during the quarter, compared to analyst estimates of $3 billion. Conagra Brands had a negative net margin of 0.87% and a positive return on equity of 10.59%. The firm’s revenue for the quarter was down 6.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.70 EPS. Conagra Brands has set its FY 2026 guidance at 1.700-1.85 EPS. On average, equities research analysts predict that Conagra Brands will post 2.35 earnings per share for the current fiscal year.

Conagra Brands Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 26th. Shareholders of record on Tuesday, January 27th will be paid a dividend of $0.35 per share. The ex-dividend date is Tuesday, January 27th. This represents a $1.40 dividend on an annualized basis and a yield of 8.3%. Conagra Brands’s dividend payout ratio (DPR) is presently -636.36%.

Insiders Place Their Bets

In related news, SVP Melissa C. Napier sold 13,011 shares of the stock in a transaction dated 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 is accessible through this link. Corporate insiders own 0.57% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Stifel Nicolaus cut their target price on Conagra Brands from $21.00 to $19.00 and set a “hold” rating on the stock in a research report on Thursday, December 11th. TD Cowen cut 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 Monday, December 22nd. Wall Street Zen downgraded Conagra Brands from a “hold” rating to a “sell” rating in a research note on Saturday, December 27th. UBS Group decreased their price objective on shares of Conagra Brands from $19.00 to $18.00 and set a “neutral” rating on the stock in a research report on Tuesday, December 23rd. Finally, Zacks Research cut Conagra Brands from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 6th. One equities research analyst has rated the stock with a Buy rating, twelve have issued a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, Conagra Brands currently has a consensus rating of “Reduce” and a consensus target price of $19.00.

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.