SteelPeak Wealth LLC bought a new position in shares of Conagra Brands (NYSE:CAG – Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 48,787 shares of the company’s stock, valued at approximately $767,000.
Other hedge funds have also modified their holdings of the company. Bell Investment Advisors Inc boosted its stake in shares of Conagra Brands by 156.9% in the first quarter. Bell Investment Advisors Inc now owns 1,685 shares of the company’s stock valued at $26,000 after buying an additional 1,029 shares in the last quarter. CYBER HORNET ETFs LLC purchased a new position in Conagra Brands in the second quarter worth $26,000. Harbour Investments Inc. raised its position in Conagra Brands by 80.4% in the fourth quarter. Harbour Investments Inc. now owns 1,573 shares of the company’s stock worth $27,000 after acquiring an additional 701 shares in the last quarter. MUFG Securities EMEA plc acquired a new stake in Conagra Brands in the second quarter valued at $29,000. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in Conagra Brands in the third quarter valued at $33,000. 83.75% of the stock is owned by institutional investors and hedge funds.
More Conagra Brands News
Here are the key news stories impacting Conagra Brands this week:
- Positive Sentiment: Barclays raised its price target on Conagra Brands to $17 from $16 and kept an overweight rating, implying meaningful upside from current levels. Barclays raises Conagra price target
- Positive Sentiment: Jefferies reiterated a Hold rating but lifted its target to $14 from $13, and UBS also nudged its target higher to $14, suggesting analysts see some stabilization after the post-earnings reset. Conagra begins strategic reset with dividend cut and higher reinvestment
- Positive Sentiment: Several reports argue that Conagra’s dividend cut could be constructive because it frees up about $335 million annually for debt reduction and brand investment, which may support a longer-term turnaround. Why Conagra’s dividend cut could be the best thing for investors
- Neutral Sentiment: The company’s Q4 results were mixed: adjusted EPS was roughly in line, but revenue and operating profit missed expectations and management issued a weak annual outlook. Reuters: Conagra forecasts annual profit below estimates
- Neutral Sentiment: Management is emphasizing a margin reset, supply-chain improvements, portfolio simplification, and selective reinvestment, which supports the idea of a turnaround but also highlights that the recovery will take time. Q4 earnings call highlights margin reset and cost focus
- Negative Sentiment: The dividend cut and below-estimate profit outlook signal ongoing pressure on earnings and cash flow, which remains a concern for income-focused investors. Seeking Alpha commentary on Conagra dividend cut
Analyst Ratings Changes
Conagra Brands Price Performance
Conagra Brands stock opened at $14.29 on Friday. Conagra Brands has a 52 week low of $12.53 and a 52 week high of $20.32. The company has a quick ratio of 0.30, a current ratio of 0.90 and a debt-to-equity ratio of 1.02. The firm’s 50-day simple moving average is $13.61 and its 200 day simple moving average is $15.71. The firm has a market capitalization of $6.84 billion, a PE ratio of -3.57 and a beta of -0.02.
Conagra Brands (NYSE:CAG – Get Free Report) last issued its quarterly earnings data on Wednesday, July 15th. The company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.01. Conagra Brands had a negative net margin of 16.99% and a positive return on equity of 10.44%. The firm had revenue of $2.88 billion for the quarter, compared to analysts’ expectations of $2.89 billion. During the same period in the prior year, the company earned $0.56 EPS. The firm’s revenue was up 3.6% on a year-over-year basis. Conagra Brands has set its FY 2027 guidance at 1.400-1.500 EPS. On average, equities research analysts predict that Conagra Brands will post 1.45 EPS for the current fiscal year.
Conagra Brands Cuts Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Thursday, July 30th will be paid a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date of this dividend is Thursday, July 30th. Conagra Brands’s dividend payout ratio (DPR) is -35.00%.
About Conagra Brands
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.
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