Quantbot Technologies LP Lowers Holdings in Conagra Brands $CAG

Quantbot Technologies LP lowered its position in Conagra Brands (NYSE:CAG) by 78.4% during the 3rd quarter, Holdings Channel reports. The firm owned 140,886 shares of the company’s stock after selling 510,303 shares during the quarter. Quantbot Technologies LP’s holdings in Conagra Brands were worth $2,580,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. CYBER HORNET ETFs LLC purchased a new stake in shares of Conagra Brands in the 2nd quarter worth $26,000. MUFG Securities EMEA plc purchased a new position in shares of Conagra Brands during the second quarter valued at $29,000. True Wealth Design LLC increased its stake in shares of Conagra Brands by 844.4% during the third quarter. True Wealth Design LLC now owns 1,596 shares of the company’s stock valued at $29,000 after buying an additional 1,427 shares during the period. Clearstead Trust LLC raised its holdings in shares of Conagra Brands by 522.1% in the second quarter. Clearstead Trust LLC now owns 1,636 shares of the company’s stock valued at $33,000 after acquiring an additional 1,373 shares in the last quarter. Finally, Spire Wealth Management raised its holdings in shares of Conagra Brands by 249.0% in the third quarter. Spire Wealth Management now owns 1,724 shares of the company’s stock valued at $32,000 after acquiring an additional 1,230 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 analysts have issued reports on the stock. The Goldman Sachs Group dropped their target price on shares of Conagra Brands from $18.00 to $16.00 and set a “sell” rating on the stock in a report on Monday, November 24th. Royal Bank Of Canada lowered their price target on shares of Conagra Brands from $22.00 to $20.00 and set a “sector perform” rating for the company in a research report on Monday, December 22nd. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Conagra Brands from $19.00 to $18.00 and set a “hold” rating on the stock in a research note on Monday, December 22nd. UBS Group reissued a “neutral” rating and set a $20.00 price objective on shares of Conagra Brands in a report on Friday, February 13th. Finally, Wells Fargo & Company upped their target price on Conagra Brands from $18.00 to $20.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 17th. One research analyst has rated the stock with a Buy rating, twelve have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, Conagra Brands presently has a consensus rating of “Reduce” and a consensus price target of $19.07.

Conagra Brands Stock Down 1.0%

Shares of Conagra Brands stock opened at $18.99 on Wednesday. The company has a quick ratio of 0.28, a current ratio of 0.89 and a debt-to-equity ratio of 0.80. The company has a market cap of $9.08 billion, a P/E ratio of -86.32 and a beta of -0.02. The firm’s 50 day moving average price is $18.09 and its 200-day moving average price is $18.15. Conagra Brands has a 52-week low of $15.96 and a 52-week high of $28.51.

Conagra Brands (NYSE:CAG) last posted its earnings results on Friday, December 19th. The company reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.01. Conagra Brands had a negative net margin of 0.87% and a positive return on equity of 10.59%. The company had revenue of $2.98 billion during the quarter, compared to analysts’ expectations of $3 billion. During the same quarter in the prior year, the company posted $0.70 earnings per share. Conagra Brands’s revenue for the quarter was down 6.8% compared to the same quarter last year. Conagra Brands has set its FY 2026 guidance at 1.700-1.85 EPS. On average, sell-side analysts predict that Conagra Brands will post 2.35 EPS for the current fiscal year.

Conagra Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 26th. Stockholders of record on Tuesday, January 27th were issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 7.4%. The ex-dividend date was Tuesday, January 27th. Conagra Brands’s dividend payout ratio is currently -636.36%.

Conagra Brands 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.