AGF Management Ltd. Buys 41,712 Shares of Conagra Brands $CAG

AGF Management Ltd. boosted its stake in Conagra Brands (NYSE:CAG) by 31.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 174,969 shares of the company’s stock after purchasing an additional 41,712 shares during the quarter. AGF Management Ltd.’s holdings in Conagra Brands were worth $3,204,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Quaker Wealth Management LLC raised its position in shares of Conagra Brands by 202.3% in the 2nd quarter. Quaker Wealth Management LLC now owns 1,227 shares of the company’s stock valued at $25,000 after acquiring an additional 2,427 shares during the period. CYBER HORNET ETFs LLC bought a new stake in Conagra Brands in the second quarter valued at approximately $26,000. MUFG Securities EMEA plc bought a new stake in Conagra Brands in the second quarter valued at approximately $29,000. True Wealth Design LLC raised its holdings in Conagra Brands by 844.4% in the third quarter. True Wealth Design LLC now owns 1,596 shares of the company’s stock worth $29,000 after purchasing an additional 1,427 shares during the period. Finally, Spire Wealth Management boosted its position in shares of Conagra Brands by 249.0% during the third quarter. Spire Wealth Management now owns 1,724 shares of the company’s stock worth $32,000 after purchasing an additional 1,230 shares in the last quarter. Institutional investors and hedge funds own 83.75% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on CAG shares. Stifel Nicolaus lowered their price objective on shares of Conagra Brands from $21.00 to $19.00 and set a “hold” rating for the company in a research report on Thursday, December 11th. Zacks Research lowered Conagra Brands from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 6th. UBS Group cut their price objective on Conagra Brands from $19.00 to $18.00 and set a “neutral” rating on the stock in a report on Tuesday, December 23rd. Morgan Stanley lowered their target price on Conagra Brands from $19.00 to $18.00 and set an “equal weight” rating for the company in a research note on Friday, January 16th. Finally, Royal Bank Of Canada dropped 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. One investment analyst has rated the stock with a Buy rating, eleven have assigned a Hold rating and four have given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Reduce” and an average target price of $18.71.

Conagra Brands Price Performance

NYSE:CAG opened at $19.77 on Thursday. Conagra Brands has a 52-week low of $15.96 and a 52-week high of $28.51. The company has a market cap of $9.46 billion, a P/E ratio of -89.86 and a beta of -0.01. 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’s 50-day simple moving average is $17.44 and its 200 day simple moving average is $18.15.

Conagra Brands (NYSE:CAG) last announced its quarterly earnings results on Friday, December 19th. The company reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.01. The firm had revenue of $2.98 billion during the quarter, compared to analysts’ expectations of $3 billion. Conagra Brands had a negative net margin of 0.87% and a positive return on equity of 10.59%. The company’s revenue for the quarter was down 6.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.70 earnings per share. Conagra Brands has set its FY 2026 guidance at 1.700-1.85 EPS. As a group, sell-side analysts forecast that Conagra Brands will post 2.35 EPS for the current fiscal year.

Conagra Brands Dividend Announcement

The firm 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. This represents a $1.40 dividend on an annualized basis and a dividend yield of 7.1%. The ex-dividend date of this dividend is Tuesday, January 27th. Conagra Brands’s payout ratio is presently -636.36%.

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.