Fox Run Management L.L.C. Buys Shares of 56,665 Conagra Brands $CAG

Fox Run Management L.L.C. purchased a new position in Conagra Brands (NYSE:CAG) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 56,665 shares of the company’s stock, valued at approximately $1,160,000.

A number of other large investors also recently bought and sold shares of the business. Beacon Investment Advisory Services Inc. increased its stake in Conagra Brands by 3.2% in the first quarter. Beacon Investment Advisory Services Inc. now owns 14,548 shares of the company’s stock worth $388,000 after purchasing an additional 450 shares during the period. Equitable Trust Co. grew its holdings in shares of Conagra Brands by 1.8% in the first quarter. Equitable Trust Co. now owns 29,927 shares of the company’s stock worth $798,000 after purchasing an additional 536 shares during the last quarter. Independent Advisor Alliance increased its stake in Conagra Brands by 6.1% in the 1st quarter. Independent Advisor Alliance now owns 9,327 shares of the company’s stock worth $249,000 after buying an additional 539 shares during the period. Edmp Inc. lifted its holdings in Conagra Brands by 1.1% during the 2nd quarter. Edmp Inc. now owns 48,675 shares of the company’s stock valued at $996,000 after buying an additional 544 shares in the last quarter. Finally, Vontobel Holding Ltd. grew its stake in Conagra Brands by 1.5% in the 2nd quarter. Vontobel Holding Ltd. now owns 36,171 shares of the company’s stock worth $740,000 after acquiring an additional 546 shares in the last quarter. Hedge funds and other institutional investors own 83.75% of the company’s stock.

Insider Transactions at Conagra Brands

In other Conagra Brands news, SVP Melissa C. Napier sold 13,011 shares of the 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.57% of the stock is owned by corporate insiders.

Conagra Brands Stock Up 2.5%

NYSE:CAG opened at $17.12 on Friday. The company’s 50-day simple moving average is $18.46 and its 200-day simple moving average is $20.18. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.44 and a current ratio of 1.06. Conagra Brands has a fifty-two week low of $16.60 and a fifty-two week high of $28.69. The stock has a market capitalization of $8.19 billion, a P/E ratio of 9.72, a P/E/G ratio of 1.65 and a beta of 0.03.

Conagra Brands (NYSE:CAG) last posted its quarterly earnings data on Wednesday, October 1st. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.33 by $0.06. The firm had revenue of $2.63 billion during the quarter, compared to analyst estimates of $2.62 billion. Conagra Brands had a net margin of 7.42% and a return on equity of 11.72%. Conagra Brands’s revenue was down 5.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.53 EPS. Conagra Brands has set its FY 2026 guidance at 1.700-1.85 EPS. On average, equities 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. Stockholders 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 dividend on an annualized basis and a dividend yield of 8.2%. Conagra Brands’s dividend payout ratio (DPR) is presently 79.55%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on CAG shares. Evercore ISI decreased their price target on shares of 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. Morgan Stanley lifted their target price on Conagra Brands from $20.00 to $21.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 24th. Zacks Research raised Conagra Brands from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 2nd. Royal Bank Of Canada restated a “sector perform” rating and set a $22.00 price target on shares of Conagra Brands in a research note on Thursday, October 2nd. Finally, Wells Fargo & Company increased their target price on shares of 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 assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, Conagra Brands presently has a consensus rating of “Reduce” and an average price target of $21.92.

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.