Conagra Brands $CAG Shares Acquired by Handelsbanken Fonder AB

Handelsbanken Fonder AB lifted its position in Conagra Brands (NYSE:CAG) by 30.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 163,400 shares of the company’s stock after purchasing an additional 37,900 shares during the quarter. Handelsbanken Fonder AB’s holdings in Conagra Brands were worth $2,992,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. CYBER HORNET ETFs LLC acquired a new position in Conagra Brands in the 2nd quarter worth approximately $26,000. MUFG Securities EMEA plc purchased a new stake in shares of Conagra Brands in the 2nd quarter valued at $29,000. True Wealth Design LLC boosted its holdings in shares of Conagra Brands by 844.4% in the 3rd quarter. True Wealth Design LLC now owns 1,596 shares of the company’s stock valued at $29,000 after acquiring an additional 1,427 shares during the last quarter. Clearstead Trust LLC increased its stake 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 worth $33,000 after acquiring an additional 1,373 shares during the period. Finally, Spire Wealth Management raised its holdings in shares of Conagra Brands by 249.0% during the third quarter. Spire Wealth Management now owns 1,724 shares of the company’s stock worth $32,000 after purchasing an additional 1,230 shares during the last quarter. Institutional investors and hedge funds own 83.75% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on CAG. JPMorgan Chase & Co. lowered their price target on shares of Conagra Brands from $20.00 to $19.00 and set a “neutral” rating on the stock in a report on Tuesday, December 16th. Wall Street Zen upgraded Conagra Brands from a “sell” rating to a “hold” rating in a research note on Saturday, February 21st. TD Cowen reaffirmed a “hold” rating on shares of Conagra Brands in a report on Monday, December 22nd. The Goldman Sachs Group decreased their price target on Conagra Brands from $18.00 to $16.00 and set a “sell” rating for the company in a report on Monday, November 24th. Finally, Stifel Nicolaus lowered their price objective on Conagra Brands from $21.00 to $19.00 and set a “hold” rating on the stock in a research report on Thursday, December 11th. One investment analyst has rated the stock with a Buy rating, twelve have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus price target of $19.07.

Conagra Brands Stock Performance

NYSE CAG opened at $18.99 on Wednesday. The stock has a market capitalization of $9.08 billion, a price-to-earnings ratio of -86.32 and a beta of -0.02. The stock has a 50-day moving average of $18.09 and a 200 day moving average of $18.15. The company has a current ratio of 0.89, a quick ratio of 0.28 and a debt-to-equity ratio of 0.80. Conagra Brands has a twelve month low of $15.96 and a twelve month high of $28.51.

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

Conagra Brands Dividend Announcement

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

Conagra Brands Company 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.