Conagra Brands $CAG Stock Position Decreased by Arkadios Wealth Advisors

Arkadios Wealth Advisors decreased its holdings in shares of Conagra Brands (NYSE:CAG) by 49.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 46,199 shares of the company’s stock after selling 45,129 shares during the quarter. Arkadios Wealth Advisors’ holdings in Conagra Brands were worth $846,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. NewEdge Advisors LLC raised its position in shares of 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 purchasing an additional 954 shares during the period. United Services Automobile Association bought a new position in Conagra Brands during the 1st quarter worth $225,000. Empowered Funds LLC increased its position in Conagra Brands by 5.9% in the first quarter. Empowered Funds LLC now owns 36,356 shares of the company’s stock worth $970,000 after buying an additional 2,038 shares during the period. Woodline Partners LP lifted its stake in Conagra Brands by 40.7% in the first quarter. Woodline Partners LP now owns 40,326 shares of the company’s stock valued at $1,075,000 after buying an additional 11,664 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its holdings in shares of Conagra Brands by 13.7% during the second quarter. Farther Finance Advisors LLC now owns 11,375 shares of the company’s stock valued at $233,000 after acquiring an additional 1,372 shares during the period. Institutional investors own 83.75% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on CAG shares. UBS Group dropped their price objective on shares of Conagra Brands from $19.00 to $18.00 and set a “neutral” rating on the stock in a report on Tuesday, December 23rd. Sanford C. Bernstein dropped their price target on shares of Conagra Brands from $21.00 to $18.00 and set a “market perform” rating on the stock in a research note on Monday, December 22nd. JPMorgan Chase & Co. reduced their price objective on Conagra Brands from $20.00 to $19.00 and set a “neutral” rating for the company in a research report on Tuesday, December 16th. Morgan Stanley decreased their price objective on Conagra Brands from $19.00 to $18.00 and set an “equal weight” rating for the company in a report on Friday, January 16th. Finally, Evercore ISI reduced their price target on Conagra Brands from $22.00 to $19.00 in a research report on Friday, January 9th. One equities research analyst has rated the stock with a Buy rating, eleven have assigned a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, Conagra Brands currently has an average rating of “Reduce” and a consensus price target of $18.71.

Conagra Brands Price Performance

Shares of Conagra Brands stock opened at $17.50 on Monday. Conagra Brands has a 52 week low of $15.96 and a 52 week high of $28.51. The company has a current ratio of 0.89, a quick ratio of 0.28 and a debt-to-equity ratio of 0.80. The stock has a market cap of $8.37 billion, a PE ratio of -79.52 and a beta of -0.01. The company’s 50-day moving average price is $17.29 and its two-hundred day moving average price is $18.18.

Conagra Brands (NYSE:CAG) last posted its quarterly earnings data on Friday, December 19th. The company reported $0.45 earnings per share for the quarter, beating the consensus estimate 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 analyst estimates of $3 billion. During the same quarter last year, the firm posted $0.70 EPS. The business’s revenue for the quarter was down 6.8% on a year-over-year basis. Conagra Brands has set its FY 2026 guidance at 1.700-1.85 EPS. As a group, sell-side analysts anticipate that Conagra Brands will post 2.35 EPS for the current fiscal year.

Conagra Brands Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 26th. Investors of record on Tuesday, January 27th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 8.0%. The ex-dividend date is Tuesday, January 27th. Conagra Brands’s payout ratio is presently -636.36%.

Insider Activity at Conagra Brands

In related news, SVP Melissa C. Napier sold 13,011 shares of the stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $17.19, for a total value of $223,659.09. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.57% of the stock is currently owned by corporate insiders.

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.