Conagra Brands $CAG Shares Bought by CreativeOne Wealth LLC

CreativeOne Wealth LLC raised its stake in shares of Conagra Brands (NYSE:CAG) by 31.0% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 119,732 shares of the company’s stock after acquiring an additional 28,357 shares during the period. CreativeOne Wealth LLC’s holdings in Conagra Brands were worth $2,192,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Blair William & Co. IL raised its position in Conagra Brands by 0.5% during the third quarter. Blair William & Co. IL now owns 136,235 shares of the company’s stock valued at $2,494,000 after acquiring an additional 633 shares in the last quarter. First Trust Advisors LP boosted its position in Conagra Brands by 15.9% in the 3rd quarter. First Trust Advisors LP now owns 4,101,554 shares of the company’s stock worth $75,099,000 after purchasing an additional 563,720 shares in the last quarter. Integrated Quantitative Investments LLC acquired a new stake in shares of Conagra Brands during the 3rd quarter worth approximately $196,000. Dimensional Fund Advisors LP grew its stake in shares of Conagra Brands by 21.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 14,674,084 shares of the company’s stock worth $268,672,000 after purchasing an additional 2,618,647 shares during the period. Finally, Cresset Asset Management LLC purchased a new position in shares of Conagra Brands during the 3rd quarter valued at approximately $345,000. Institutional investors and hedge funds own 83.75% of the company’s stock.

Conagra Brands Trading Down 1.9%

Shares of CAG stock opened at $18.67 on Tuesday. Conagra Brands has a 1-year low of $15.96 and a 1-year high of $28.51. The company has a market cap of $8.93 billion, a price-to-earnings ratio of -84.84 and a beta of -0.02. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.89 and a quick ratio of 0.28. The stock has a 50 day simple moving average of $18.22 and a 200-day simple moving average of $18.14.

Conagra Brands (NYSE:CAG) last released its quarterly earnings results on Friday, December 19th. The company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.01. The firm had revenue of $2.98 billion for the quarter, compared to analysts’ expectations of $3 billion. Conagra Brands had a negative net margin of 0.87% and a positive return on equity of 10.59%. The firm’s revenue for the quarter was down 6.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.70 EPS. Conagra Brands has set its FY 2026 guidance at 1.700-1.85 EPS. On average, 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 was paid on Thursday, February 26th. Stockholders of record on Tuesday, January 27th were given a $0.35 dividend. The ex-dividend date was Tuesday, January 27th. This represents a $1.40 annualized dividend and a dividend yield of 7.5%. Conagra Brands’s dividend payout ratio (DPR) is -636.36%.

Analyst Ratings Changes

Several equities analysts recently issued reports on CAG shares. UBS Group reiterated a “neutral” rating and issued a $20.00 target price on shares of Conagra Brands in a research note on Friday, February 13th. Bank of America dropped their price target on shares of Conagra Brands from $18.00 to $17.00 and set an “underperform” rating on the stock in a research report on Monday, December 22nd. Royal Bank Of Canada decreased their price objective 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. TD Cowen reissued a “hold” rating on shares of Conagra Brands in a research note on Monday, December 22nd. Finally, Wall Street Zen upgraded Conagra Brands from a “sell” rating to a “hold” rating in a research report on Saturday, February 21st. One equities research analyst has rated the stock with a Buy rating, twelve have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and an average price target of $19.07.

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.