Public Sector Pension Investment Board Raises Holdings in Conagra Brands $CAG

Public Sector Pension Investment Board boosted its position in Conagra Brands (NYSE:CAG) by 188.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 103,284 shares of the company’s stock after acquiring an additional 67,470 shares during the quarter. Public Sector Pension Investment Board’s holdings in Conagra Brands were worth $1,891,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quaker Wealth Management LLC lifted its stake 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 purchasing an additional 2,427 shares in the last quarter. CYBER HORNET ETFs LLC purchased a new position in Conagra Brands in the second quarter valued at approximately $26,000. 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 valued at $29,000 after buying an additional 1,427 shares during the period. MUFG Securities EMEA plc acquired a new position in Conagra Brands during the second quarter valued at approximately $29,000. Finally, Spire Wealth Management grew its stake in 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 buying an additional 1,230 shares during the period. 83.75% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CAG has been the topic of several recent research reports. Wells Fargo & Company lifted their target price on shares of Conagra Brands from $18.00 to $20.00 and gave the company an “equal weight” rating in a report on Tuesday, February 17th. Wall Street Zen raised Conagra Brands from a “sell” rating to a “hold” rating in a research report on Saturday. The Goldman Sachs Group decreased their target price on Conagra Brands from $18.00 to $16.00 and set a “sell” rating for the company in a research report on Monday, November 24th. Evercore lowered their target price on Conagra Brands from $22.00 to $19.00 in a research note on Friday, January 9th. Finally, Morgan Stanley reissued an “overweight” rating on shares of Conagra Brands in a research report on Wednesday. One 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. Based on data from MarketBeat, Conagra Brands has an average rating of “Reduce” and a consensus target price of $19.07.

Conagra Brands Stock Down 1.3%

Shares of NYSE CAG opened at $18.45 on Monday. 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 has a 1 year low of $15.96 and a 1 year high of $28.51. The stock’s 50-day simple moving average is $17.89 and its 200-day simple moving average is $18.17. The firm has a market cap of $8.82 billion, a price-to-earnings ratio of -83.85 and a beta of -0.01.

Conagra Brands (NYSE:CAG) last issued its quarterly earnings data on Friday, December 19th. The company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.01. Conagra Brands had a positive return on equity of 10.59% and a negative net margin of 0.87%.The firm had revenue of $2.98 billion during the quarter, compared to analyst estimates of $3 billion. During the same quarter last year, the firm earned $0.70 EPS. Conagra Brands’s quarterly revenue 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, equities analysts anticipate that Conagra Brands will post 2.35 earnings per share 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. Investors of record on Tuesday, January 27th will be issued a $0.35 dividend. The ex-dividend date of this dividend is Tuesday, January 27th. This represents a $1.40 annualized dividend and a yield of 7.6%. Conagra Brands’s dividend payout ratio is currently -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.