Conagra Brands $CAG is QSM Asset Management Ltd’s 7th Largest Position

QSM Asset Management Ltd lifted its stake in shares of Conagra Brands (NYSE:CAG) by 72.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 529,205 shares of the company’s stock after buying an additional 221,949 shares during the quarter. Conagra Brands makes up about 6.8% of QSM Asset Management Ltd’s investment portfolio, making the stock its 7th largest holding. QSM Asset Management Ltd’s holdings in Conagra Brands were worth $9,515,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the stock. CWM LLC boosted its stake in Conagra Brands by 174.5% during the 3rd quarter. CWM LLC now owns 263,376 shares of the company’s stock valued at $4,822,000 after acquiring an additional 167,436 shares during the last quarter. Jeppson Wealth Management LLC increased its position in shares of Conagra Brands by 29.2% in the 3rd quarter. Jeppson Wealth Management LLC now owns 30,513 shares of the company’s stock worth $559,000 after purchasing an additional 6,898 shares during the last quarter. Future Financial Wealth Managment LLC acquired a new stake in shares of Conagra Brands in the 3rd quarter valued at about $183,000. Gilman Hill Asset Management LLC lifted its position in shares of Conagra Brands by 21.7% during the third quarter. Gilman Hill Asset Management LLC now owns 458,919 shares of the company’s stock worth $8,403,000 after purchasing an additional 81,963 shares during the last quarter. Finally, Optas LLC acquired a new position in Conagra Brands in the third quarter worth about $240,000. 83.75% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Conagra Brands

In other Conagra Brands news, SVP Melissa C. Napier sold 13,011 shares of the firm’s stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $17.19, for a total value of $223,659.09. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.57% of the company’s stock.

Conagra Brands Price Performance

Shares of CAG opened at $17.04 on Friday. Conagra Brands has a 12 month low of $16.60 and a 12 month high of $28.51. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.89 and a quick ratio of 0.28. The stock has a fifty day moving average price of $17.55 and a 200 day moving average price of $18.84. The company has a market cap of $8.15 billion, a P/E ratio of -77.43 and a beta of -0.01.

Conagra Brands (NYSE:CAG) last announced its quarterly earnings results on Friday, December 19th. The company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.01. The company had revenue of $2.98 billion during the quarter, compared to the consensus estimate of $3 billion. Conagra Brands had a negative net margin of 0.87% and a positive return on equity of 10.59%. The company’s revenue for the quarter was down 6.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.70 earnings per share. Conagra Brands has set its FY 2026 guidance at 1.700-1.85 EPS. On average, research analysts forecast that Conagra Brands will post 2.35 earnings per share for the current year.

Conagra Brands Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 26th. Shareholders of record on Tuesday, January 27th will be given a $0.35 dividend. The ex-dividend date is Tuesday, January 27th. This represents a $1.40 annualized dividend and a yield of 8.2%. Conagra Brands’s dividend payout ratio is -636.36%.

Wall Street Analyst Weigh In

Several analysts have issued reports on CAG shares. The Goldman Sachs Group cut their price objective on Conagra Brands from $18.00 to $16.00 and set a “sell” rating on the stock in a research note on Monday, November 24th. Deutsche Bank Aktiengesellschaft dropped their price target on Conagra Brands from $19.00 to $18.00 and set a “hold” rating on the stock in a research report on Monday. Cowen reaffirmed a “hold” rating on shares of Conagra Brands in a report on Monday. Sanford C. Bernstein lowered their target price on shares of Conagra Brands from $21.00 to $18.00 and set a “market perform” rating for the company in a research note on Monday. Finally, Morgan Stanley dropped their target price on shares of Conagra Brands from $21.00 to $19.00 and set an “equal weight” rating on the stock in a report on Monday. One equities research analyst has rated the stock with a Buy rating, thirteen have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average price target of $19.07.

Conagra Brands Profile

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.