AXQ Capital LP Has $435,000 Stock Position in Conagra Brands $CAG

AXQ Capital LP cut its stake in shares of Conagra Brands (NYSE:CAG) by 77.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 23,749 shares of the company’s stock after selling 82,526 shares during the period. AXQ Capital LP’s holdings in Conagra Brands were worth $435,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of CAG. Quaker Wealth Management LLC raised its position in Conagra Brands by 202.3% in the second 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 during the last quarter. CYBER HORNET ETFs LLC acquired a new position in shares of Conagra Brands in the second quarter valued at approximately $26,000. True Wealth Design LLC increased its stake in shares of 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 bought a new position in Conagra Brands in the 2nd quarter valued at approximately $29,000. Finally, Spire Wealth Management raised its holdings in Conagra Brands by 249.0% in the 3rd quarter. Spire Wealth Management now owns 1,724 shares of the company’s stock valued at $32,000 after buying an additional 1,230 shares during the last quarter. Institutional investors and hedge funds own 83.75% of the company’s stock.

Conagra Brands Stock Performance

Shares of CAG opened at $18.69 on Thursday. 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 firm’s fifty day simple moving average is $17.96 and its two-hundred day simple moving average is $18.17. Conagra Brands has a 12 month low of $15.96 and a 12 month high of $28.51. The stock has a market capitalization of $8.94 billion, a P/E ratio of -84.93 and a beta of -0.01.

Conagra Brands (NYSE:CAG) last posted its quarterly earnings data 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. 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 period last year, the company posted $0.70 EPS. The business’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, analysts predict that Conagra Brands will post 2.35 EPS for the current year.

Conagra Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 26th. Stockholders of record on Tuesday, January 27th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Tuesday, January 27th. This represents a $1.40 annualized dividend and a dividend yield of 7.5%. Conagra Brands’s dividend payout ratio (DPR) is -636.36%.

Analyst Ratings Changes

CAG has been the subject of several recent research reports. Morgan Stanley restated an “overweight” rating on shares of Conagra Brands in a research report on Wednesday, February 18th. Stifel Nicolaus reduced their price objective on shares of Conagra Brands from $21.00 to $19.00 and set a “hold” rating on the stock in a research note on Thursday, December 11th. JPMorgan Chase & Co. lowered their target price on Conagra Brands from $20.00 to $19.00 and set a “neutral” rating for the company in a research report on Tuesday, December 16th. Royal Bank Of Canada cut their target price on Conagra Brands from $22.00 to $20.00 and set a “sector perform” rating on the stock in a report on Monday, December 22nd. Finally, Sanford C. Bernstein decreased their price target on Conagra Brands from $21.00 to $18.00 and set a “market perform” rating for the company in a research note on Monday, December 22nd. One research analyst has rated the stock with a Buy rating, twelve have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, Conagra Brands currently has an average rating of “Reduce” and a consensus target price of $19.07.

Conagra Brands 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.