Intech Investment Management LLC Has $921,000 Stake in Conagra Brands $CAG

Intech Investment Management LLC trimmed its holdings in Conagra Brands (NYSE:CAG) by 75.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 50,296 shares of the company’s stock after selling 156,079 shares during the period. Intech Investment Management LLC’s holdings in Conagra Brands were worth $921,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also bought and sold shares of CAG. Cary Street Partners Financial LLC boosted its stake in shares of Conagra Brands by 46.9% in the 3rd quarter. Cary Street Partners Financial LLC now owns 194,822 shares of the company’s stock worth $3,567,000 after buying an additional 62,166 shares during the last quarter. Cowa LLC increased its holdings in Conagra Brands by 104.0% in the 3rd quarter. Cowa LLC now owns 25,300 shares of the company’s stock worth $463,000 after acquiring an additional 12,900 shares during the last quarter. Mufg Securities Americas Inc. lifted its stake in shares of Conagra Brands by 22.1% during the 3rd quarter. Mufg Securities Americas Inc. now owns 12,918 shares of the company’s stock valued at $237,000 after buying an additional 2,339 shares in the last quarter. Dakota Wealth Management lifted its position in shares of Conagra Brands by 1.8% during the third quarter. Dakota Wealth Management now owns 41,895 shares of the company’s stock worth $767,000 after acquiring an additional 725 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in Conagra Brands by 50.3% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 17,985 shares of the company’s stock worth $329,000 after purchasing an additional 6,022 shares during the period. Institutional investors own 83.75% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Wells Fargo & Company increased their target price on shares of Conagra Brands from $18.00 to $20.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 17th. Evercore reduced their price target on shares of Conagra Brands from $22.00 to $19.00 in a research report on Friday, January 9th. The Goldman Sachs Group lowered their target price on Conagra Brands from $18.00 to $16.00 and set a “sell” rating for the company in a research note on Monday, November 24th. UBS Group reissued a “neutral” rating and issued a $20.00 price target on shares of Conagra Brands in a report on Friday, February 13th. Finally, Royal Bank Of Canada cut their price target on shares of Conagra Brands from $22.00 to $20.00 and set a “sector perform” rating on the stock in a report on Monday, December 22nd. One analyst has rated the stock with a Buy rating, twelve have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Conagra Brands has a consensus rating of “Reduce” and an average price target of $19.07.

Conagra Brands Stock Performance

Shares of NYSE CAG opened at $19.03 on Monday. The company has a market cap of $9.10 billion, a P/E ratio of -86.50 and a beta of -0.02. The firm’s fifty day moving average is $18.19 and its two-hundred day moving average is $18.15. 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 52-week low of $15.96 and a 52-week high of $28.51.

Conagra Brands (NYSE:CAG) last issued its quarterly earnings data 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 negative net margin of 0.87% and a positive return on equity of 10.59%. The business had revenue of $2.98 billion during the quarter, compared to analysts’ expectations of $3 billion. During the same period last year, the company posted $0.70 EPS. The business’s 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 anticipate that Conagra Brands will post 2.35 EPS 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 paid 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 7.4%. Conagra Brands’s dividend payout ratio (DPR) 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.