Conagra Brands $CAG Shares Acquired by Cary Street Partners Financial LLC

Cary Street Partners Financial LLC raised its holdings in shares of Conagra Brands (NYSE:CAG) by 46.9% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 194,822 shares of the company’s stock after purchasing an additional 62,166 shares during the quarter. Cary Street Partners Financial LLC’s holdings in Conagra Brands were worth $3,567,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Campbell & CO Investment Adviser LLC bought a new stake in shares of Conagra Brands in the 2nd quarter worth about $2,489,000. Wealth Enhancement Advisory Services LLC increased its holdings in Conagra Brands by 45.3% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 342,942 shares of the company’s stock valued at $6,485,000 after buying an additional 106,891 shares during the last quarter. Hsbc Holdings PLC raised its stake in Conagra Brands by 20.0% during the second quarter. Hsbc Holdings PLC now owns 1,251,371 shares of the company’s stock valued at $25,578,000 after buying an additional 208,450 shares in the last quarter. AE Wealth Management LLC lifted its holdings in Conagra Brands by 13.7% during the 3rd quarter. AE Wealth Management LLC now owns 720,093 shares of the company’s stock worth $13,185,000 after buying an additional 86,604 shares during the last quarter. Finally, Alps Advisors Inc. acquired a new position in shares of Conagra Brands in the 3rd quarter worth approximately $7,310,000. 83.75% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Sanford C. Bernstein reduced their price objective on Conagra Brands from $21.00 to $18.00 and set a “market perform” rating on the stock in a research note on Monday, December 22nd. UBS Group restated a “neutral” rating and issued a $20.00 price target on shares of Conagra Brands in a research report on Friday, February 13th. Bank of America dropped their price objective on shares of Conagra Brands from $18.00 to $17.00 and set an “underperform” rating on the stock in a research note on Monday, December 22nd. Stifel Nicolaus lowered their target price on Conagra Brands from $21.00 to $19.00 and set a “hold” rating for the company in a report on Thursday, December 11th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Conagra Brands from $19.00 to $18.00 and set a “hold” rating on the stock in a research report on Monday, December 22nd. One analyst has rated the stock with a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Reduce” and a consensus target price of $19.07.

Conagra Brands Stock Performance

Shares of CAG opened at $18.70 on Friday. The firm has a market capitalization of $8.95 billion, a PE ratio of -85.00 and a beta of -0.01. The company has a quick ratio of 0.28, a current ratio of 0.89 and a debt-to-equity ratio of 0.80. The firm has a 50-day moving average price of $17.97 and a 200 day moving average price of $18.17. Conagra Brands has a 52-week low of $15.96 and a 52-week high of $28.51.

Conagra Brands (NYSE:CAG) last issued its quarterly earnings results on Friday, December 19th. The company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.01. The company had revenue of $2.98 billion during 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%. The business’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 business posted $0.70 EPS. Conagra Brands has set its FY 2026 guidance at 1.700-1.85 EPS. On average, sell-side analysts anticipate that Conagra Brands will post 2.35 earnings per share for the current fiscal year.

Conagra Brands Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, February 26th. Stockholders of record on Tuesday, January 27th were given a dividend of $0.35 per share. The ex-dividend date was 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%.

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.