Conagra Brands $CAG Shares Bought by Donoghue Forlines LLC

Donoghue Forlines LLC lifted its holdings in shares of Conagra Brands (NYSE:CAG) by 17.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 65,861 shares of the company’s stock after purchasing an additional 9,715 shares during the quarter. Donoghue Forlines LLC’s holdings in Conagra Brands were worth $1,348,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. MJT & Associates Financial Advisory Group Inc. purchased a new stake in Conagra Brands during the 1st quarter worth approximately $27,000. Quaker Wealth Management LLC grew its stake in shares of Conagra Brands by 202.3% in the second quarter. Quaker Wealth Management LLC now owns 1,227 shares of the company’s stock worth $25,000 after acquiring an additional 2,427 shares in the last quarter. Clearstead Trust LLC increased its position in shares of Conagra Brands by 522.1% during the second quarter. Clearstead Trust LLC now owns 1,636 shares of the company’s stock worth $33,000 after acquiring an additional 1,373 shares during the period. Summit Securities Group LLC acquired a new stake in shares of Conagra Brands in the first quarter valued at $45,000. Finally, ST Germain D J Co. Inc. boosted its holdings in Conagra Brands by 130.8% in the second quarter. ST Germain D J Co. Inc. now owns 1,992 shares of the company’s stock valued at $41,000 after purchasing an additional 1,129 shares during the period. Hedge funds and other institutional investors own 83.75% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on CAG. Weiss Ratings reissued a “sell (d+)” rating on shares of Conagra Brands in a research note on Wednesday, October 8th. Zacks Research upgraded Conagra Brands from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 2nd. UBS Group cut their target price on shares of Conagra Brands from $20.00 to $19.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 24th. JPMorgan Chase & Co. started coverage on shares of Conagra Brands in a report on Wednesday, August 20th. They issued a “neutral” rating and a $20.00 target price on the stock. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and issued a $22.00 price target on shares of Conagra Brands in a research note on Thursday, October 2nd. One equities research analyst has rated the stock with a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Reduce” and a consensus price target of $21.92.

Insider Buying and Selling

In related news, SVP Melissa C. Napier sold 13,011 shares of the business’s stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $17.19, for a total value of $223,659.09. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.57% of the stock is owned by corporate insiders.

Conagra Brands Trading Up 0.4%

CAG opened at $17.41 on Friday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.44 and a current ratio of 1.06. Conagra Brands has a one year low of $16.60 and a one year high of $28.69. The company has a market cap of $8.33 billion, a P/E ratio of 9.89, a PEG ratio of 1.65 and a beta of 0.03. The business’s 50-day simple moving average is $18.32 and its 200-day simple moving average is $20.00.

Conagra Brands (NYSE:CAG) last announced its quarterly earnings results on Wednesday, October 1st. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.06. The firm had revenue of $2.63 billion during 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 firm’s quarterly revenue was down 5.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.53 earnings per share. Conagra Brands has set its FY 2026 guidance at 1.700-1.85 EPS. As a group, equities research analysts expect that Conagra Brands will post 2.35 EPS for the current fiscal year.

Conagra Brands Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Thursday, October 30th will be given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 8.0%. The ex-dividend date of this dividend is Thursday, October 30th. Conagra Brands’s dividend payout ratio (DPR) is 79.55%.

Conagra Brands Profile

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.