Conagra Brands $CAG Shares Sold by Fieldview Capital Management LLC

Fieldview Capital Management LLC reduced its position in shares of Conagra Brands (NYSE:CAG) by 28.3% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 142,086 shares of the company’s stock after selling 56,062 shares during the quarter. Fieldview Capital Management LLC’s holdings in Conagra Brands were worth $2,602,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. CYBER HORNET ETFs LLC acquired a new stake in shares of Conagra Brands in the second quarter valued at $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 grew its holdings in Conagra Brands by 844.4% during the third quarter. True Wealth Design LLC now owns 1,596 shares of the company’s stock worth $29,000 after acquiring an additional 1,427 shares during the period. Clearstead Trust LLC raised its position in Conagra Brands by 522.1% in the second quarter. Clearstead Trust LLC now owns 1,636 shares of the company’s stock worth $33,000 after acquiring an additional 1,373 shares in the last quarter. Finally, Spire Wealth Management raised its position in Conagra Brands by 249.0% in the third quarter. Spire Wealth Management now owns 1,724 shares of the company’s stock worth $32,000 after acquiring an additional 1,230 shares in the last quarter. 83.75% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on CAG shares. Royal Bank Of Canada reduced their price objective on shares of Conagra Brands from $22.00 to $20.00 and set a “sector perform” rating for the company in a research report on Monday, December 22nd. Zacks Research upgraded shares of Conagra Brands from a “strong sell” rating to a “hold” rating in a report on Friday, February 20th. JPMorgan Chase & Co. cut their target price on shares of Conagra Brands from $20.00 to $19.00 and set a “neutral” rating for the company in a research note on Tuesday, December 16th. Wall Street Zen upgraded shares of Conagra Brands from a “sell” rating to a “hold” rating in a research report on Saturday, February 21st. Finally, Jefferies Financial Group dropped their price target on Conagra Brands from $19.00 to $18.00 and set a “hold” rating on the stock in a report on Thursday, December 11th. One research analyst has rated the stock with a Buy rating, twelve have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Reduce” and an average price target of $19.07.

Conagra Brands Price Performance

CAG stock opened at $19.03 on Monday. Conagra Brands has a one year low of $15.96 and a one year high of $28.51. The firm has a 50-day moving average of $18.19 and a two-hundred day moving average of $18.15. The firm has a market capitalization of $9.10 billion, a PE ratio of -86.50 and a beta of -0.02. The company has a current ratio of 0.89, a quick ratio of 0.28 and a debt-to-equity ratio of 0.80.

Conagra Brands (NYSE:CAG) last released its earnings results 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 negative net margin of 0.87% and a positive return on equity of 10.59%. The business had revenue of $2.98 billion for the quarter, compared to the consensus estimate of $3 billion. During the same period last year, the firm posted $0.70 earnings per share. The firm’s quarterly revenue was down 6.8% compared to the same quarter last year. Conagra Brands has set its FY 2026 guidance at 1.700-1.85 EPS. On average, analysts forecast that Conagra Brands will post 2.35 earnings per share for the current year.

Conagra Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 26th. Shareholders of record on Tuesday, January 27th were given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 7.4%. The ex-dividend date was 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.