Conagra Brands $CAG Shares Bought by Investors Research Corp

Investors Research Corp grew its stake in Conagra Brands (NYSE:CAG) by 6,395.3% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 69,825 shares of the company’s stock after buying an additional 68,750 shares during the quarter. Investors Research Corp’s holdings in Conagra Brands were worth $1,278,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Nuveen LLC acquired a new position in Conagra Brands during the 1st quarter worth approximately $29,238,000. Public Sector Pension Investment Board lifted its position in shares of Conagra Brands by 8.4% during the 1st quarter. Public Sector Pension Investment Board now owns 64,687 shares of the company’s stock worth $1,725,000 after purchasing an additional 5,015 shares during the last quarter. HighTower Advisors LLC grew its stake in shares of Conagra Brands by 44.3% during the first quarter. HighTower Advisors LLC now owns 153,056 shares of the company’s stock worth $4,082,000 after purchasing an additional 46,979 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Conagra Brands by 49.5% in the first quarter. Dimensional Fund Advisors LP now owns 8,162,251 shares of the company’s stock valued at $217,686,000 after buying an additional 2,702,407 shares during the last quarter. Finally, Aberdeen Group plc raised its stake in Conagra Brands by 98.2% in the first quarter. Aberdeen Group plc now owns 317,924 shares of the company’s stock valued at $8,497,000 after buying an additional 157,486 shares in the last quarter. Institutional investors and hedge funds own 83.75% of the company’s stock.

Conagra Brands Trading Up 1.2%

NYSE:CAG opened at $17.96 on Tuesday. The company has a market capitalization of $8.59 billion, a PE ratio of 10.20 and a beta of -0.01. Conagra Brands has a 52-week low of $16.60 and a 52-week high of $28.51. The stock’s 50 day moving average price is $17.73 and its 200 day moving average price is $19.08. The company has a quick ratio of 0.44, a current ratio of 1.06 and a debt-to-equity ratio of 0.81.

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

Conagra Brands Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Thursday, October 30th were issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 7.8%. The ex-dividend date of this dividend was Thursday, October 30th. Conagra Brands’s dividend payout ratio is presently 79.55%.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. The Goldman Sachs Group decreased their price target on Conagra Brands from $18.00 to $16.00 and set a “sell” rating for the company in a report on Monday, November 24th. Evercore ISI decreased their target price on Conagra Brands from $24.00 to $23.00 and set an “in-line” rating for the company in a research note on Wednesday, September 24th. Wells Fargo & Company dropped their price target on shares of Conagra Brands from $20.00 to $19.00 and set an “equal weight” rating on the stock in a research note on Friday. JPMorgan Chase & Co. initiated coverage on shares of Conagra Brands in a research report on Wednesday, August 20th. They set a “neutral” rating and a $20.00 price objective for the company. Finally, Stifel Nicolaus lowered their target price on shares of Conagra Brands from $21.00 to $19.00 and set a “hold” rating for the company in a report on Thursday. 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’s stock. Based on data from MarketBeat.com, Conagra Brands has a consensus rating of “Reduce” and a consensus price target of $20.33.

Insider Buying and Selling at Conagra Brands

In related news, SVP Melissa C. Napier sold 13,011 shares of the firm’s stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $17.19, for a total transaction of $223,659.09. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.57% of the company’s stock.

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.