Cantor Fitzgerald Investment Advisors L.P. lowered its holdings in shares of Conagra Brands (NYSE:CAG – Free Report) by 12.6% during the third quarter, Holdings Channel reports. The institutional investor owned 447,977 shares of the company’s stock after selling 64,573 shares during the quarter. Cantor Fitzgerald Investment Advisors L.P.’s holdings in Conagra Brands were worth $6,021,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently bought and sold shares of the business. BlackRock Inc. acquired a new position in shares of Conagra Brands in the 2nd quarter valued at $1,071,275,000. Bank of New York Mellon Corp acquired a new position in Conagra Brands in the second quarter worth about $47,815,000. Freestone Grove Partners LP acquired a new stake in Conagra Brands during the second quarter valued at approximately $30,316,000. Bank of America Corp DE bought a new stake in shares of Conagra Brands in the 2nd quarter valued at approximately $25,047,000. Finally, Dimensional Fund Advisors LP grew its stake in shares of Conagra Brands by 9.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 19,323,789 shares of the company’s stock valued at $303,771,000 after purchasing an additional 1,701,624 shares during the period. Institutional investors own 83.75% of the company’s stock.
More Conagra Brands News
Here are the key news stories impacting Conagra Brands this week:
- Positive Sentiment: Zacks Research raised its Q4 2028 EPS forecast to $0.42 from $0.40 and its Q1 2029 estimate to $0.38 from $0.35. These revisions suggest modestly better expectations for Conagra’s future earnings.
- Neutral Sentiment: Zacks maintained a Hold rating on Conagra Brands. Its current full-year consensus EPS estimate remains $1.46, while its broader forecasts call for approximately $1.45 in FY2027, $1.47 in FY2028 and $1.55 in FY2029.
- Neutral Sentiment: The stock has recently traded near the lower portion of its 12-month range, with its 50-day moving average below its 200-day moving average. This indicates continued technical caution despite the latest upward revisions.
- Negative Sentiment: Zacks cut several estimates, including Q2 2027 EPS to $0.34 from $0.39, Q3 2027 to $0.33 from $0.36, Q4 2027 to $0.37 from $0.39, Q2 2028 to $0.35 from $0.40, Q3 2028 to $0.34 from $0.37, FY2028 to $1.47 from $1.50 and FY2029 to $1.55 from $1.61. The reductions imply pressure on the company’s medium- and long-term earnings outlook.
- Negative Sentiment: A recent article flagged Conagra among high-yield dividend stocks whose elevated yields may reflect underlying risks, including potential dividend sustainability concerns. Such warnings could weigh on income-focused investor demand. 5 Dividend Stocks Where Sky-High Yields Could Be Hiding Serious Problems
Conagra Brands Stock Performance
NYSE CAG opened at $14.19 on Friday. Conagra Brands has a 1-year low of $12.53 and a 1-year high of $20.32. The company has a 50 day moving average of $14.92 and a 200-day moving average of $14.43. The company has a current ratio of 1.10, a quick ratio of 0.39 and a debt-to-equity ratio of 1.08. The firm has a market cap of $6.77 billion, a price-to-earnings ratio of -3.56 and a beta of 0.02.
Conagra Brands (NYSE:CAG – Get Free Report) last announced its earnings results on Wednesday, September 30th. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.28 by $0.13. The business had revenue of $2.60 billion for the quarter, compared to the consensus estimate of $2.59 billion. Conagra Brands had a positive return on equity of 11.46% and a negative net margin of 16.95%. Conagra Brands’s revenue was down 1.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.39 EPS. Conagra Brands has set its FY 2027 guidance at 1.400-1.500 EPS. On average, equities analysts forecast that Conagra Brands will post 1.46 earnings per share for the current fiscal year.
Conagra Brands Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 3rd. Shareholders of record on Thursday, November 5th will be given a $0.1750 dividend. The ex-dividend date is Thursday, November 5th. This represents a $0.70 annualized dividend and a yield of 4.9%. Conagra Brands’s payout ratio is presently -17.59%.
Analysts Set New Price Targets
Several equities analysts recently commented on CAG shares. Evercore set a $13.00 target price on Conagra Brands in a research report on Tuesday, September 29th. Deutsche Bank Aktiengesellschaft upped their price target on Conagra Brands from $12.00 to $13.00 and gave the company a “hold” rating in a research report on Friday, September 18th. JPMorgan Chase & Co. increased their price objective on Conagra Brands from $14.00 to $15.00 and gave the stock a “neutral” rating in a research note on Thursday, July 16th. UBS Group lifted their price objective on Conagra Brands from $13.00 to $14.00 and gave the company a “neutral” rating in a report on Thursday, July 16th. Finally, Zacks Research raised Conagra Brands from a “strong sell” rating to a “hold” rating in a report on Thursday, October 1st. One analyst has rated the stock with a Buy rating, twelve have issued a Hold rating and five have given a Sell rating to the company. According to MarketBeat.com, Conagra Brands currently has a consensus rating of “Reduce” and a consensus target price of $14.07.
Read Our Latest Stock Analysis on CAG
Conagra Brands Company Profile
Conagra Brands, Inc is a packaged food company headquartered in Chicago, Illinois. The company develops, produces and markets branded food products sold through grocery stores, mass merchandisers, club stores, convenience stores, foodservice operators and e-commerce channels.
Its portfolio includes frozen, refrigerated, grocery and snack products. Well-known brands include Birds Eye, Healthy Choice, Marie Callender’s, Banquet, Duncan Hines, Reddi-wip, Slim Jim, Hunt’s, Chef Boyardee, Orville Redenbacher’s, Vlasic, PAM and Angie’s BOOMCHICKAPOP.
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