Callan Family Office LLC Purchases New Position in Conagra Brands $CAG

Callan Family Office LLC purchased a new stake in shares of Conagra Brands (NYSE:CAG) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 40,559 shares of the company’s stock, valued at approximately $830,000.

A number of other hedge funds also recently bought and sold shares of CAG. Farther Finance Advisors LLC increased its holdings in Conagra Brands by 106.4% during the 1st quarter. Farther Finance Advisors LLC now owns 10,003 shares of the company’s stock valued at $266,000 after purchasing an additional 5,157 shares during the period. CX Institutional purchased a new position in shares of Conagra Brands during the 1st quarter worth approximately $188,000. Fifth Third Bancorp grew its holdings in shares of Conagra Brands by 21.1% during the 1st quarter. Fifth Third Bancorp now owns 22,375 shares of the company’s stock worth $597,000 after acquiring an additional 3,896 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Conagra Brands by 269.0% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 207,417 shares of the company’s stock worth $5,532,000 after acquiring an additional 151,209 shares during the period. Finally, Exchange Traded Concepts LLC grew its holdings in shares of Conagra Brands by 18.0% during the 1st quarter. Exchange Traded Concepts LLC now owns 41,902 shares of the company’s stock worth $1,118,000 after acquiring an additional 6,383 shares during the period. Hedge funds and other institutional investors own 83.75% of the company’s stock.

Analyst Ratings Changes

CAG has been the topic of a number of research analyst reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of Conagra Brands in a report on Wednesday, October 8th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $22.00 target price on shares of Conagra Brands in a report on Thursday, October 2nd. UBS Group reduced their target price on Conagra Brands from $20.00 to $19.00 and set a “neutral” rating on the stock in a report on Wednesday, September 24th. Stifel Nicolaus reduced their target price on Conagra Brands from $26.00 to $21.00 and set a “hold” rating on the stock in a report on Friday, July 11th. Finally, Wells Fargo & Company upped their target price on Conagra Brands from $19.00 to $20.00 and gave the stock an “equal weight” rating in a report on Thursday, October 2nd. One analyst has rated the stock with a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Reduce” and a consensus target price of $21.92.

Conagra Brands Stock Performance

Shares of CAG opened at $18.19 on Tuesday. The company has a quick ratio of 0.44, a current ratio of 1.06 and a debt-to-equity ratio of 0.81. The business’s 50 day moving average price is $18.95 and its 200-day moving average price is $21.23. Conagra Brands has a 52 week low of $17.89 and a 52 week high of $30.47. The stock has a market cap of $8.70 billion, a P/E ratio of 10.33, a P/E/G ratio of 1.76 and a beta of 0.03.

Conagra Brands (NYSE:CAG) last issued its quarterly earnings results on Wednesday, October 1st. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.06. Conagra Brands had a return on equity of 11.72% and a net margin of 7.42%.The firm had revenue of $2.63 billion for the quarter, compared to analysts’ expectations of $2.62 billion. During the same period in the previous year, the firm posted $0.53 EPS. The business’s revenue for the quarter was down 5.8% compared to the same quarter last year. Conagra Brands has set its FY 2026 guidance at 1.700-1.85 EPS. Equities research analysts anticipate that Conagra Brands will post 2.35 earnings per share for the current fiscal year.

Conagra Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Thursday, October 30th will be given a $0.35 dividend. The ex-dividend date of this dividend is Thursday, October 30th. This represents a $1.40 annualized dividend and a yield of 7.7%. Conagra Brands’s dividend payout ratio is 79.55%.

Conagra Brands Company Profile

Conagra Brands, Inc, together with its subsidiaries, operates as a consumer packaged goods food company primarily in the United States. The company operates through Grocery & Snacks, Refrigerated & Frozen, International, and Foodservice segments. The Grocery & Snacks segment primarily offers shelf stable food products through various retail channels.