Conagra Brands $CAG Shares Purchased by SGL Investment Advisors Inc.

SGL Investment Advisors Inc. boosted its position in shares of Conagra Brands (NYSE:CAG) by 33.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 216,603 shares of the company’s stock after buying an additional 54,085 shares during the period. Conagra Brands accounts for approximately 1.6% of SGL Investment Advisors Inc.’s portfolio, making the stock its 25th biggest holding. SGL Investment Advisors Inc.’s holdings in Conagra Brands were worth $3,745,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Edmp Inc. raised its position in Conagra Brands by 1.1% in the 2nd quarter. Edmp Inc. now owns 48,675 shares of the company’s stock valued at $996,000 after purchasing an additional 544 shares during the last quarter. Vontobel Holding Ltd. increased its stake in Conagra Brands by 1.5% in the second quarter. Vontobel Holding Ltd. now owns 36,171 shares of the company’s stock valued at $740,000 after purchasing an additional 546 shares during the period. DekaBank Deutsche Girozentrale increased its stake in Conagra Brands by 0.3% in the second quarter. DekaBank Deutsche Girozentrale now owns 172,140 shares of the company’s stock valued at $3,483,000 after purchasing an additional 585 shares during the period. Sutton Place Investors LLC raised its holdings in shares of Conagra Brands by 1.9% in the third quarter. Sutton Place Investors LLC now owns 31,196 shares of the company’s stock valued at $571,000 after buying an additional 585 shares during the last quarter. Finally, Horrell Capital Management Inc. boosted its stake in shares of Conagra Brands by 2.2% during the second quarter. Horrell Capital Management Inc. now owns 27,427 shares of the company’s stock worth $561,000 after buying an additional 597 shares during the period. Hedge funds and other institutional investors own 83.75% of the company’s stock.

Analyst Upgrades and Downgrades

CAG has been the topic of several recent research reports. The Goldman Sachs Group dropped their price target on Conagra Brands from $18.00 to $16.00 and set a “sell” rating on the stock in a research report on Monday, November 24th. Jefferies Financial Group lowered their target price on Conagra Brands from $19.00 to $18.00 and set a “hold” rating on the stock in a research note on Thursday, December 11th. UBS Group cut their price target on Conagra Brands from $19.00 to $18.00 and set a “neutral” rating for the company in a research note on Tuesday, December 23rd. Deutsche Bank Aktiengesellschaft decreased their price target on Conagra Brands from $19.00 to $18.00 and set a “hold” rating for the company in a report on Monday, December 22nd. Finally, TD Cowen reiterated a “hold” rating on shares of Conagra Brands in a research report on Monday, December 22nd. One analyst has rated the stock with a Buy rating, eleven have issued a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Reduce” and a consensus target price of $18.71.

Conagra Brands Price Performance

Shares of NYSE CAG opened at $19.10 on Wednesday. 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 one year low of $15.96 and a one year high of $28.51. The firm has a market capitalization of $9.13 billion, a P/E ratio of -86.80 and a beta of -0.01. The company’s fifty day moving average is $17.40 and its two-hundred day moving average is $18.14.

Conagra Brands (NYSE:CAG) last announced its quarterly earnings data on Friday, December 19th. The company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.44 by $0.01. The firm had revenue of $2.98 billion during the quarter, compared to analysts’ expectations 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 quarter last year, the business earned $0.70 earnings per share. Conagra Brands has set its FY 2026 guidance at 1.700-1.85 EPS. Analysts forecast that Conagra Brands will post 2.35 EPS for the current fiscal year.

Conagra Brands Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 26th. Shareholders of record on Tuesday, January 27th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 7.3%. The ex-dividend date is Tuesday, January 27th. Conagra Brands’s payout ratio is presently -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.