Caprock Group LLC Makes New $1.21 Million Investment in Conagra Brands $CAG

Caprock Group LLC acquired a new stake in Conagra Brands (NYSE:CAG) in the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 63,082 shares of the company’s stock, valued at approximately $1,207,000.

A number of other large investors have also recently added to or reduced their stakes in CAG. DekaBank Deutsche Girozentrale raised its position in Conagra Brands by 0.3% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 172,140 shares of the company’s stock valued at $3,483,000 after buying an additional 585 shares during the last quarter. Sutton Place Investors LLC grew its stake in shares of Conagra Brands by 1.9% in the third quarter. Sutton Place Investors LLC now owns 31,196 shares of the company’s stock valued at $571,000 after buying an additional 585 shares in the last quarter. Horrell Capital Management Inc. grew its stake in shares of Conagra Brands by 2.2% in the second quarter. Horrell Capital Management Inc. now owns 27,427 shares of the company’s stock valued at $561,000 after buying an additional 597 shares in the last quarter. Excalibur Management Corp increased its holdings in Conagra Brands by 4.3% during the second quarter. Excalibur Management Corp now owns 14,717 shares of the company’s stock worth $301,000 after buying an additional 600 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its position in Conagra Brands by 5.8% during the third quarter. Farther Finance Advisors LLC now owns 12,036 shares of the company’s stock worth $220,000 after acquiring an additional 661 shares in the last quarter. Institutional investors own 83.75% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CAG. Evercore lowered their price objective on shares of Conagra Brands from $22.00 to $19.00 in a research note on Friday, January 9th. TD Cowen reiterated a “hold” rating on shares of Conagra Brands in a report on Monday, December 22nd. Wall Street Zen downgraded Conagra Brands from a “hold” rating to a “sell” rating in a research report on Saturday, December 27th. Bank of America cut their price objective on Conagra Brands from $18.00 to $17.00 and set an “underperform” rating for the company in a research report on Monday, December 22nd. Finally, The Goldman Sachs Group decreased their target price on Conagra Brands from $18.00 to $16.00 and set a “sell” rating on the stock in a report on Monday, November 24th. One equities research analyst has rated the stock with a Buy rating, eleven have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Reduce” and an average price target of $18.86.

Conagra Brands Stock Down 0.8%

Shares of CAG opened at $19.78 on Friday. The stock’s 50-day moving average price is $17.74 and its two-hundred day moving average price is $18.16. Conagra Brands has a 12 month low of $15.96 and a 12 month high of $28.51. The company has a market capitalization of $9.46 billion, a PE ratio of -89.89 and a beta of -0.01. The company has a current ratio of 0.89, a quick ratio of 0.28 and a debt-to-equity ratio of 0.80.

Conagra Brands (NYSE:CAG) last released its earnings results on Friday, December 19th. The company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.01. The business had revenue of $2.98 billion for 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%. Conagra Brands’s revenue for the quarter was down 6.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.70 earnings per share. Conagra Brands has set its FY 2026 guidance at 1.700-1.85 EPS. On average, 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. 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 7.1%. The ex-dividend date is Tuesday, January 27th. Conagra Brands’s dividend payout ratio (DPR) is currently -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.