Landscape Capital Management L.L.C. Invests $7.50 Million in Conagra Brands $CAG

Landscape Capital Management L.L.C. bought a new stake in Conagra Brands (NYSE:CAG) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 557,243 shares of the company’s stock, valued at approximately $7,500,000. Conagra Brands comprises about 0.5% of Landscape Capital Management L.L.C.’s investment portfolio, making the stock its 26th biggest holding.

Other large investors have also recently added to or reduced their stakes in the company. WealthPlan Investment Management LLC boosted its holdings in Conagra Brands by 5.3% in the fourth quarter. WealthPlan Investment Management LLC now owns 10,920 shares of the company’s stock valued at $189,000 after acquiring an additional 548 shares during the last quarter. All Terrain Financial Advisors LLC lifted its stake in shares of Conagra Brands by 0.3% in the fourth quarter. All Terrain Financial Advisors LLC now owns 176,971 shares of the company’s stock worth $3,063,000 after acquiring an additional 609 shares in the last quarter. Jackson Hole Capital Partners LLC increased its holdings in Conagra Brands by 4.1% during the 4th quarter. Jackson Hole Capital Partners LLC now owns 17,960 shares of the company’s stock worth $311,000 after purchasing an additional 701 shares during the last quarter. Harbour Investments Inc. increased its holdings in Conagra Brands by 80.4% during the 4th quarter. Harbour Investments Inc. now owns 1,573 shares of the company’s stock worth $27,000 after purchasing an additional 701 shares during the last quarter. Finally, Tema ETFs LLC raised its stake in shares of Conagra Brands by 9.3% in the 2nd quarter. Tema ETFs LLC now owns 8,546 shares of the company’s stock valued at $115,000 after purchasing an additional 725 shares in the last quarter. 83.75% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on CAG. Evercore dropped their price objective on shares of Conagra Brands from $18.00 to $13.00 in a research note on Wednesday, June 10th. BNP Paribas Exane decreased their price target on Conagra Brands from $16.00 to $14.00 and set a “neutral” rating for the company in a research note on Thursday, May 21st. Royal Bank Of Canada lowered their price objective on shares of Conagra Brands from $16.00 to $14.00 and set a “sector perform” rating on the stock in a research note on Thursday, July 16th. Morgan Stanley lowered their price target on Conagra Brands from $15.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Friday, June 5th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of Conagra Brands from $14.00 to $12.00 and set a “hold” rating on the stock in a research report on Thursday, June 18th. One equities research analyst has rated the stock with a Buy rating, eleven have issued a Hold rating and six have issued a Sell rating to the company. Based on data from MarketBeat, Conagra Brands currently has a consensus rating of “Reduce” and an average price target of $14.07.

Conagra Brands Stock Up 1.1%

Shares of Conagra Brands stock opened at $16.45 on Friday. Conagra Brands has a 12-month low of $12.53 and a 12-month high of $20.32. The stock has a 50 day moving average price of $14.50 and a two-hundred day moving average price of $15.35. 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 stock has a market capitalization of $7.87 billion, a P/E ratio of -4.11 and a beta of -0.03.

Conagra Brands (NYSE:CAG) last issued its quarterly earnings results on Wednesday, July 15th. The company reported $0.47 earnings per share 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 during the quarter, compared to the consensus estimate of $2.89 billion. During the same period in the prior year, the firm earned $0.56 EPS. The business’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. Equities analysts expect that Conagra Brands will post 1.45 earnings per share for the current year.

Conagra Brands Cuts Dividend

The business 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 $0.175 dividend. This represents a $0.70 annualized dividend and a dividend yield of 4.3%. The ex-dividend date is Thursday, July 30th. Conagra Brands’s dividend payout ratio is currently -17.50%.

Conagra Brands Company 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.