Dynamic Technology Lab Private Ltd Has $1.03 Million Holdings in Conagra Brands $CAG

Dynamic Technology Lab Private Ltd lifted its stake in Conagra Brands (NYSE:CAG) by 327.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 56,498 shares of the company’s stock after acquiring an additional 43,266 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Conagra Brands were worth $1,034,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of CAG. CYBER HORNET ETFs LLC bought a new position in shares of Conagra Brands during the 2nd quarter worth about $26,000. MUFG Securities EMEA plc bought a new position in Conagra Brands during the second quarter valued at about $29,000. True Wealth Design LLC raised its holdings in Conagra Brands by 844.4% in the 3rd quarter. True Wealth Design LLC now owns 1,596 shares of the company’s stock valued at $29,000 after acquiring an additional 1,427 shares in the last quarter. Clearstead Trust LLC lifted its position in shares of Conagra Brands by 522.1% in the 2nd quarter. Clearstead Trust LLC now owns 1,636 shares of the company’s stock worth $33,000 after acquiring an additional 1,373 shares during the period. Finally, Spire Wealth Management grew its holdings in shares of Conagra Brands by 249.0% during the 3rd quarter. Spire Wealth Management now owns 1,724 shares of the company’s stock worth $32,000 after purchasing an additional 1,230 shares in the last quarter. 83.75% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently commented on CAG. Zacks Research raised Conagra Brands from a “strong sell” rating to a “hold” rating in a research report on Friday, February 20th. JPMorgan Chase & Co. reduced their price objective on shares of Conagra Brands from $20.00 to $19.00 and set a “neutral” rating for the company in a report on Tuesday, December 16th. Evercore decreased their target price on shares of Conagra Brands from $22.00 to $19.00 in a research report on Friday, January 9th. Sanford C. Bernstein dropped 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 research report on Monday, December 22nd. Finally, Wall Street Zen raised Conagra Brands from a “sell” rating to a “hold” rating in a report on Saturday, February 21st. One equities research analyst has rated the stock with a Buy rating, twelve have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of $19.07.

Conagra Brands Stock Performance

NYSE CAG opened at $19.03 on Monday. Conagra Brands has a 1-year low of $15.96 and a 1-year high of $28.51. The company has a 50 day moving average of $18.19 and a 200-day moving average of $18.15. 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 has a market cap of $9.10 billion, a price-to-earnings ratio of -86.50 and a beta of -0.02.

Conagra Brands (NYSE:CAG) last released its quarterly earnings results on Friday, December 19th. The company reported $0.45 EPS for the quarter, topping 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 business had revenue of $2.98 billion for the quarter, compared to analyst estimates of $3 billion. During the same period in the prior year, the company earned $0.70 EPS. Conagra Brands’s revenue for the quarter was down 6.8% on a year-over-year basis. Conagra Brands has set its FY 2026 guidance at 1.700-1.85 EPS. On average, equities analysts forecast 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 was paid on Thursday, February 26th. Investors 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 yield of 7.4%. Conagra Brands’s dividend payout ratio is -636.36%.

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.