Callan Family Office LLC Invests $830,000 in Conagra Brands $CAG

Callan Family Office LLC purchased a new position in Conagra Brands (NYSE:CAG) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 40,559 shares of the company’s stock, valued at approximately $830,000.

A number of other large investors have also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of Conagra Brands by 2.7% in the first quarter. Vanguard Group Inc. now owns 60,403,845 shares of the company’s stock worth $1,610,971,000 after acquiring an additional 1,604,893 shares during the period. Invesco Ltd. boosted its stake in Conagra Brands by 6.3% during the first quarter. Invesco Ltd. now owns 11,859,985 shares of the company’s stock valued at $316,306,000 after buying an additional 698,630 shares during the period. Dimensional Fund Advisors LP boosted its stake in Conagra Brands by 49.5% during the first quarter. Dimensional Fund Advisors LP now owns 8,162,251 shares of the company’s stock valued at $217,686,000 after buying an additional 2,702,407 shares during the period. Ameriprise Financial Inc. boosted its stake in Conagra Brands by 233.7% during the first quarter. Ameriprise Financial Inc. now owns 5,985,256 shares of the company’s stock valued at $159,625,000 after buying an additional 4,191,555 shares during the period. Finally, Robeco Institutional Asset Management B.V. boosted its stake in Conagra Brands by 315.4% during the second quarter. Robeco Institutional Asset Management B.V. now owns 4,120,156 shares of the company’s stock valued at $84,340,000 after buying an additional 3,128,203 shares during the period. 83.75% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on CAG. JPMorgan Chase & Co. began coverage on Conagra Brands in a research note on Wednesday, August 20th. They set a “neutral” rating and a $20.00 price objective for the company. Sanford C. Bernstein set a $21.00 price objective on Conagra Brands and gave the company a “market perform” rating in a research note on Friday, July 11th. UBS Group dropped their price objective on Conagra Brands from $20.00 to $19.00 and set a “neutral” rating for the company in a research note on Wednesday, September 24th. Evercore ISI dropped their price objective on 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. Finally, Stifel Nicolaus dropped their price objective on Conagra Brands from $26.00 to $21.00 and set a “hold” rating for the company in a research note on Friday, July 11th. One equities research analyst has rated the stock with a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, Conagra Brands presently has a consensus rating of “Reduce” and an average price target of $21.92.

Conagra Brands Trading Down 2.1%

Shares of CAG stock opened at $18.19 on Tuesday. The company has a quick ratio of 0.44, a current ratio of 1.06 and a debt-to-equity ratio of 0.81. The business has a 50-day moving average price of $18.95 and a two-hundred day moving average price of $21.23. Conagra Brands has a 12-month low of $17.89 and a 12-month high of $30.47. The firm has a market cap of $8.70 billion, a P/E ratio of 10.33, a price-to-earnings-growth ratio of 1.76 and a beta of 0.03.

Conagra Brands (NYSE:CAG) last released 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 for the quarter, compared to the consensus estimate of $2.62 billion. Conagra Brands had a return on equity of 11.72% and a net margin of 7.42%.The company’s quarterly revenue was down 5.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.53 earnings per share. Conagra Brands has set its FY 2026 guidance at 1.700-1.85 EPS. Equities analysts anticipate that Conagra Brands will post 2.35 EPS for the current fiscal year.

Conagra Brands Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Thursday, October 30th will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 7.7%. The ex-dividend date is Thursday, October 30th. Conagra Brands’s payout ratio is currently 79.55%.

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.