Conagra Brands $CAG Stake Reduced by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ reduced its holdings in Conagra Brands (NYSE:CAG) by 58.1% during the second quarter, Holdings Channel reports. The firm owned 113,474 shares of the company’s stock after selling 157,034 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Conagra Brands were worth $2,323,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in CAG. Quaker Wealth Management LLC grew its position in Conagra Brands by 202.3% in the second quarter. Quaker Wealth Management LLC now owns 1,227 shares of the company’s stock worth $25,000 after buying an additional 2,427 shares during the last quarter. Clearstead Trust LLC boosted its stake in shares of Conagra Brands by 522.1% during 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 in the last quarter. AlphaCore Capital LLC bought a new stake in shares of Conagra Brands during the 2nd quarter worth $37,000. ST Germain D J Co. Inc. grew its holdings in shares of Conagra Brands by 130.8% in the 2nd quarter. ST Germain D J Co. Inc. now owns 1,992 shares of the company’s stock worth $41,000 after acquiring an additional 1,129 shares during the last quarter. Finally, Trust Co. of Toledo NA OH acquired a new stake in shares of Conagra Brands during the second quarter worth $41,000. 83.75% of the stock is owned by institutional investors and hedge funds.

Conagra Brands Stock Performance

Shares of CAG stock opened at $17.69 on Tuesday. The stock’s 50-day moving average is $17.97 and its two-hundred day moving average is $19.45. Conagra Brands has a fifty-two week low of $16.60 and a fifty-two week high of $28.69. The firm has a market cap of $8.46 billion, a P/E ratio of 10.05, a PEG ratio of 1.65 and a beta of 0.03. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.06 and a quick ratio of 0.44.

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

Conagra Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Thursday, October 30th were given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 7.9%. The ex-dividend date of this dividend was Thursday, October 30th. Conagra Brands’s dividend payout ratio is presently 79.55%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Weiss Ratings reiterated a “sell (d+)” rating on shares of Conagra Brands in a research report on Wednesday, October 8th. Evercore ISI dropped their target price on shares of Conagra Brands from $24.00 to $23.00 and set an “in-line” rating on the stock in a research report on Wednesday, September 24th. Morgan Stanley boosted their price target on shares of Conagra Brands from $20.00 to $21.00 and gave the company an “equal weight” rating in a report on Wednesday, September 24th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $22.00 price objective on shares of Conagra Brands in a research note on Thursday, October 2nd. Finally, Zacks Research upgraded shares of Conagra Brands from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 2nd. One research analyst has rated the stock with a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Reduce” and an average price target of $21.50.

Insiders Place Their Bets

In other Conagra Brands news, SVP Melissa C. Napier sold 13,011 shares of the business’s stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $17.19, for a total value of $223,659.09. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.57% of the stock is currently owned by company insiders.

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.