Conagra Brands $CAG Shares Sold by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ decreased its holdings in Conagra Brands (NYSE:CAG) by 87.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 14,404 shares of the company’s stock after selling 99,070 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Conagra Brands were worth $264,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in CAG. Quaker Wealth Management LLC boosted 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 buying an additional 2,427 shares during the period. CYBER HORNET ETFs LLC purchased a new stake in shares of Conagra Brands during the second quarter worth $26,000. MUFG Securities EMEA plc acquired a new stake in shares of Conagra Brands in the second quarter valued at $29,000. True Wealth Design LLC boosted 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 valued at $29,000 after purchasing an additional 1,427 shares during the period. Finally, Clearstead Trust LLC grew its stake in Conagra Brands by 522.1% during the 2nd quarter. Clearstead Trust LLC now owns 1,636 shares of the company’s stock worth $33,000 after purchasing an additional 1,373 shares in the last quarter. 83.75% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Wells Fargo & Company lifted their price objective on Conagra Brands from $18.00 to $20.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 17th. UBS Group reiterated a “neutral” rating and issued a $20.00 price target on shares of Conagra Brands in a research note on Friday, February 13th. Sanford C. Bernstein lowered their price target on shares of Conagra Brands from $21.00 to $18.00 and set a “market perform” rating for the company in a report on Monday, December 22nd. JPMorgan Chase & Co. reduced their price objective on shares of Conagra Brands from $20.00 to $19.00 and set a “neutral” rating on the stock in a report on Tuesday, December 16th. Finally, Bank of America decreased their price objective on shares of Conagra Brands from $18.00 to $17.00 and set an “underperform” rating for the company in a research report on Monday, December 22nd. One research analyst has rated the stock with a Buy rating, eleven have given a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Conagra Brands currently has a consensus rating of “Reduce” and an average target price of $19.07.

Conagra Brands Stock Down 1.3%

CAG stock opened at $18.45 on Monday. The company’s 50 day moving average is $17.89 and its two-hundred day moving average is $18.17. Conagra Brands has a twelve month low of $15.96 and a twelve month 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 $8.82 billion, a P/E ratio of -83.85 and a beta of -0.01.

Conagra Brands (NYSE:CAG) last announced its quarterly earnings results on Friday, December 19th. The company reported $0.45 EPS for the quarter, topping 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 firm had revenue of $2.98 billion for the quarter, compared to analyst estimates of $3 billion. During the same period last year, the business earned $0.70 EPS. Conagra Brands’s revenue for the quarter was down 6.8% compared to the same quarter last year. Conagra Brands has set its FY 2026 guidance at 1.700-1.85 EPS. Research analysts expect 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. Investors of record on Tuesday, January 27th will be given a $0.35 dividend. The ex-dividend date of this dividend is Tuesday, January 27th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 7.6%. Conagra Brands’s dividend payout ratio is -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.