First Nebraska Trust Co Buys Shares of 95,244 Conagra Brands $CAG

First Nebraska Trust Co purchased a new position in Conagra Brands (NYSE:CAG) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 95,244 shares of the company’s stock, valued at approximately $1,497,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CAG. Norges Bank purchased a new position in shares of Conagra Brands in the 4th quarter worth about $145,656,000. Two Sigma Investments LP raised its holdings in shares of Conagra Brands by 239.6% during the 3rd quarter. Two Sigma Investments LP now owns 8,347,163 shares of the company’s stock valued at $152,837,000 after buying an additional 5,889,542 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of Conagra Brands by 245.5% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 7,734,061 shares of the company’s stock valued at $141,611,000 after buying an additional 5,495,503 shares in the last quarter. AQR Capital Management LLC lifted its position in Conagra Brands by 216.2% in the 3rd quarter. AQR Capital Management LLC now owns 7,459,654 shares of the company’s stock worth $135,318,000 after buying an additional 5,100,424 shares during the last quarter. Finally, Qube Research & Technologies Ltd boosted its stake in Conagra Brands by 241.9% in the third quarter. Qube Research & Technologies Ltd now owns 5,915,490 shares of the company’s stock worth $108,313,000 after buying an additional 4,185,486 shares in the last quarter. 83.75% of the stock is currently owned by hedge funds and other institutional investors.

Conagra Brands Trading Down 3.4%

NYSE:CAG opened at $14.53 on Friday. The firm has a market capitalization of $6.95 billion, a P/E ratio of -3.63 and a beta of -0.02. The company has a quick ratio of 0.31, a current ratio of 0.90 and a debt-to-equity ratio of 1.02. The company has a fifty day moving average of $13.84 and a 200 day moving average of $15.56. Conagra Brands has a 52 week low of $12.53 and a 52 week high of $20.32.

Conagra Brands (NYSE:CAG) last released its quarterly earnings data on Wednesday, July 15th. The company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.01. The firm had revenue of $2.88 billion for the quarter, compared to analysts’ expectations of $2.89 billion. Conagra Brands had a negative net margin of 16.99% and a positive return on equity of 10.44%. The company’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.56 earnings per share. Conagra Brands has set its FY 2027 guidance at 1.400-1.500 EPS. On average, research analysts predict that Conagra Brands will post 1.45 earnings per share for the current year.

Conagra Brands Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Thursday, July 30th will be given a dividend of $0.175 per share. The ex-dividend date of this dividend is Thursday, July 30th. This represents a $0.70 dividend on an annualized basis and a yield of 4.8%. Conagra Brands’s dividend payout ratio is presently -17.50%.

Analyst Ratings Changes

Several equities analysts recently commented on CAG shares. Royal Bank Of Canada reduced their target price on shares of Conagra Brands from $16.00 to $14.00 and set a “sector perform” rating on the stock in a report on Thursday, July 16th. Stifel Nicolaus lowered their price target on shares of Conagra Brands from $17.00 to $15.00 and set a “hold” rating for the company in a research note on Tuesday, April 21st. Morgan Stanley reduced their price objective on Conagra Brands from $15.00 to $13.00 and set an “equal weight” rating on the stock in a research note on Friday, June 5th. BTIG Research started coverage on Conagra Brands in a report on Monday, April 13th. They issued a “neutral” rating on the stock. Finally, Wells Fargo & Company lowered their target price on Conagra Brands from $14.00 to $13.00 and set an “underweight” rating for the company in a research note on Monday, May 18th. One equities research analyst has rated the stock with a Buy rating, eleven have given a Hold rating and six have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and a consensus price target of $14.07.

Key Conagra Brands News

Here are the key news stories impacting Conagra Brands this week:

• Positive Sentiment: Zacks Research projects FY2029 earnings of $1.61 per share, above the current-year consensus estimate of $1.45, suggesting potential longer-term earnings growth if Conagra’s performance stabilizes.
• Neutral Sentiment: Zacks maintained a “Strong Sell” rating, while its FY2027 and FY2028 EPS forecasts of $1.46 and $1.50, respectively, remain close to or above the current consensus estimate. Conagra Brands stock information
• Negative Sentiment: Zacks cut its FY2027 EPS forecast to $1.46 from $1.74 and its FY2028 forecast to $1.50 from $1.82. It also lowered estimates for multiple quarters, including FY2027 Q1 to $0.32 from $0.40, Q2 to $0.39 from $0.49, Q3 to $0.36 from $0.40, and Q4 to $0.39 from $0.45. Forecasts for FY2028 quarters were also reduced, including Q1 to $0.33 from $0.44, Q2 to $0.40 from $0.50, Q3 to $0.37 from $0.42, and Q4 to $0.40 from $0.46.
• Negative Sentiment: Sector commentary cited growing consumer resistance to price increases, following a disappointing Procter & Gamble result and cautious outlook. That raises concern that Conagra may have less ability to offset costs through pricing, potentially pressuring sales growth and margins. Consumer staples estimates and pricing pressure

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.