Rep. Julie Johnson Sells Conagra Brands, Inc. (NYSE:CAG) Stock

Representative Julie Johnson (D-Texas) recently sold shares of Conagra Brands, Inc. (NYSE:CAG). In a filing disclosed on May 14th, the Representative disclosed that they had sold between $1,001 and $15,000 in Conagra Brands stock on April 1st. The trade occurred in the Representative’s “MERRILL LYNCH TAX EFFICIENT CORE” account.

Representative Julie Johnson also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Fidelity National Information Services (NYSE:FIS) on 4/30/2025.
• Sold $1,001 – $15,000 in shares of Blackstone (NYSE:BX) on 4/22/2025.
• Purchased $1,001 – $15,000 in shares of Fidelity National Information Services (NYSE:FIS) on 4/22/2025.
• Sold $1,001 – $15,000 in shares of United Parcel Service (NYSE:UPS) on 4/15/2025.
• Sold $1,001 – $15,000 in shares of United Parcel Service (NYSE:UPS) on 4/11/2025.
• Purchased $1,001 – $15,000 in shares of 3M (NYSE:MMM) on 4/11/2025.
• Sold $1,001 – $15,000 in shares of DT Midstream (NYSE:DTM) on 4/7/2025.
• Sold $1,001 – $15,000 in shares of Intuitive Surgical (NASDAQ:ISRG) on 4/7/2025.
• Sold $1,001 – $15,000 in shares of Howmet Aerospace (NYSE:HWM) on 4/7/2025.
• Sold $1,001 – $15,000 in shares of Carlisle Companies (NYSE:CSL) on 4/7/2025.

Conagra Brands Stock Up 0.9%

NYSE CAG traded up $0.20 on Friday, reaching $22.97. The company had a trading volume of 7,918,247 shares, compared to its average volume of 5,296,508. The firm has a market capitalization of $10.96 billion, a price-to-earnings ratio of 22.51, a price-to-earnings-growth ratio of 1.76 and a beta of 0.18. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.22 and a current ratio of 0.70. Conagra Brands, Inc. has a 1-year low of $22.38 and a 1-year high of $33.24. The company’s fifty day moving average is $25.07 and its 200-day moving average is $26.12.

Conagra Brands (NYSE:CAG) last posted its quarterly earnings data on Thursday, April 3rd. The company reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.01). Conagra Brands had a return on equity of 13.76% and a net margin of 4.13%. The business had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.92 billion. During the same quarter in the prior year, the company earned $0.69 earnings per share. The company’s quarterly revenue was down 6.3% on a year-over-year basis. On average, research analysts forecast that Conagra Brands, Inc. will post 2.35 earnings per share for the current fiscal year.

Conagra Brands Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 29th. Investors of record on Monday, April 28th will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 6.10%. The ex-dividend date of this dividend is Monday, April 28th. Conagra Brands’s payout ratio is presently 205.88%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on CAG. JPMorgan Chase & Co. reduced their price objective on shares of Conagra Brands from $26.00 to $25.00 and set a “neutral” rating for the company in a research note on Tuesday, May 6th. Morgan Stanley began coverage on shares of Conagra Brands in a research note on Monday, March 24th. They set an “equal weight” rating and a $27.00 price objective for the company. The Goldman Sachs Group downgraded shares of Conagra Brands from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $33.00 to $26.00 in a research note on Monday, February 24th. Wells Fargo & Company reduced their price objective on shares of Conagra Brands from $28.00 to $27.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 18th. Finally, Barclays reduced their price objective on shares of Conagra Brands from $29.00 to $26.00 and set an “overweight” rating for the company in a research note on Monday, May 12th. Nine analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Conagra Brands presently has a consensus rating of “Hold” and a consensus target price of $27.50.

Institutional Investors Weigh In On Conagra Brands

A number of institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in Conagra Brands by 2.7% in the 1st quarter. Vanguard Group Inc. now owns 60,403,845 shares of the company’s stock valued at $1,610,971,000 after acquiring an additional 1,604,893 shares during the period. Invesco Ltd. raised its holdings in Conagra Brands by 6.3% in the 1st quarter. Invesco Ltd. now owns 11,859,985 shares of the company’s stock valued at $316,306,000 after acquiring an additional 698,630 shares during the period. Geode Capital Management LLC raised its holdings in Conagra Brands by 2.0% in the 4th quarter. Geode Capital Management LLC now owns 11,745,629 shares of the company’s stock valued at $325,096,000 after acquiring an additional 231,477 shares during the period. Dimensional Fund Advisors LP raised its holdings in Conagra Brands by 49.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 8,162,251 shares of the company’s stock valued at $217,686,000 after acquiring an additional 2,702,407 shares during the period. Finally, Two Sigma Advisers LP raised its holdings in Conagra Brands by 33.9% in the 4th quarter. Two Sigma Advisers LP now owns 8,135,000 shares of the company’s stock valued at $225,746,000 after acquiring an additional 2,058,000 shares during the period. 83.75% of the stock is owned by institutional investors.

About Representative Johnson

Julie Johnson (Democratic Party) is a member of the U.S. House, representing Texas’ 32nd Congressional District. She assumed office on January 3, 2025. Her current term ends on January 3, 2027.

Johnson (Democratic Party) ran for election to the U.S. House to represent Texas’ 32nd Congressional District. She won in the general election on November 5, 2024.

Julie Johnson earned a B.A. in history and government from the University of Texas at Austin in 1987 and a J.D. from the University of Houston Law Center in 1991. Johnson’s career experience includes working as an attorney.

About Conagra Brands

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.