Savant Capital LLC Grows Stake in Conagra Brands $CAG

Savant Capital LLC boosted its position in shares of Conagra Brands (NYSE:CAG) by 273.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 102,422 shares of the company’s stock after purchasing an additional 74,991 shares during the quarter. Savant Capital LLC’s holdings in Conagra Brands were worth $1,875,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CAG. Quaker Wealth Management LLC lifted its position in 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 in the last quarter. CYBER HORNET ETFs LLC purchased a new stake in shares of Conagra Brands during the 2nd quarter valued at about $26,000. MUFG Securities EMEA plc bought a new stake in shares of Conagra Brands in the second quarter worth approximately $29,000. True Wealth Design LLC raised its holdings in shares of Conagra Brands by 844.4% during the third quarter. True Wealth Design LLC now owns 1,596 shares of the company’s stock valued at $29,000 after purchasing an additional 1,427 shares during the last quarter. Finally, Spire Wealth Management boosted its holdings in Conagra Brands by 249.0% in 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 during the last quarter. Institutional investors own 83.75% of the company’s stock.

Conagra Brands Trading Down 0.9%

Shares of CAG stock opened at $19.38 on Monday. The stock has a fifty day simple moving average of $17.50 and a two-hundred day simple moving average of $18.14. The firm has a market capitalization of $9.27 billion, a PE ratio of -88.09 and a beta of -0.01. Conagra Brands has a 52-week low of $15.96 and a 52-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.

Conagra Brands (NYSE:CAG) last posted its quarterly earnings results on Friday, December 19th. The company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.01. The business had revenue of $2.98 billion during the quarter, compared to the consensus estimate of $3 billion. Conagra Brands had a positive return on equity of 10.59% and a negative net margin of 0.87%.The firm’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 company posted $0.70 EPS. Conagra Brands has set its FY 2026 guidance at 1.700-1.85 EPS. On average, analysts predict that Conagra Brands will post 2.35 EPS for the current fiscal year.

Conagra Brands Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 26th. Shareholders 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 yield of 7.2%. Conagra Brands’s payout ratio is presently -636.36%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Evercore lowered their price target on Conagra Brands from $22.00 to $19.00 in a report on Friday, January 9th. JPMorgan Chase & Co. cut their price target on Conagra Brands from $20.00 to $19.00 and set a “neutral” rating for the company in a research note on Tuesday, December 16th. Jefferies Financial Group lowered their price objective on shares of Conagra Brands from $19.00 to $18.00 and set a “hold” rating on the stock in a research note on Thursday, December 11th. Wall Street Zen lowered shares of Conagra Brands from a “hold” rating to a “sell” rating in a research report on Saturday, December 27th. Finally, Stifel Nicolaus reduced their target price on shares of Conagra Brands from $21.00 to $19.00 and set a “hold” rating for the company in a report on Thursday, December 11th. One equities research analyst has rated the stock with a Buy rating, eleven have given a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Reduce” and an average target price of $18.71.

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.