Conagra Brands $CAG Shares Acquired by Hsbc Holdings PLC

Hsbc Holdings PLC increased its position in Conagra Brands (NYSE:CAG) by 20.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,251,371 shares of the company’s stock after purchasing an additional 208,450 shares during the quarter. Hsbc Holdings PLC owned 0.26% of Conagra Brands worth $25,578,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in Conagra Brands by 1.6% in the 2nd quarter. Vanguard Group Inc. now owns 61,369,876 shares of the company’s stock valued at $1,256,241,000 after buying an additional 966,031 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Conagra Brands by 1.5% in the second quarter. Geode Capital Management LLC now owns 12,870,239 shares of the company’s stock valued at $262,405,000 after purchasing an additional 193,829 shares during the last quarter. Invesco Ltd. grew its stake in Conagra Brands by 6.3% during the 1st quarter. Invesco Ltd. now owns 11,859,985 shares of the company’s stock valued at $316,306,000 after purchasing an additional 698,630 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Conagra Brands by 49.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 8,162,251 shares of the company’s stock valued at $217,686,000 after purchasing an additional 2,702,407 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in Conagra Brands by 233.7% during the 1st quarter. Ameriprise Financial Inc. now owns 5,985,256 shares of the company’s stock worth $159,625,000 after purchasing an additional 4,191,555 shares during the last quarter. 83.75% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Conagra Brands

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

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. UBS Group decreased their price target on shares of Conagra Brands from $20.00 to $19.00 and set a “neutral” rating for the company in a research report on Wednesday, September 24th. Morgan Stanley raised their price objective on shares of Conagra Brands from $20.00 to $21.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 24th. Zacks Research raised shares of Conagra Brands from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 2nd. The Goldman Sachs Group reduced their price target on shares of Conagra Brands from $18.00 to $16.00 and set a “sell” rating on the stock in a research report on Monday, November 24th. Finally, Evercore ISI decreased their price target on Conagra Brands from $24.00 to $23.00 and set an “in-line” rating for the company in a research note on Wednesday, September 24th. One analyst has rated the stock with a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average price target of $21.50.

Conagra Brands Trading Down 0.9%

Conagra Brands stock opened at $17.69 on Tuesday. The firm’s 50-day moving average is $17.97 and its 200-day moving average is $19.45. 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 1 year low of $16.60 and a 1 year high of $28.69. The company has a market cap of $8.46 billion, a P/E ratio of 10.05, a PEG ratio of 1.65 and a beta of 0.03.

Conagra Brands (NYSE:CAG) last announced its quarterly earnings data on Wednesday, October 1st. The company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.06. Conagra Brands had a net margin of 7.42% and a return on equity of 11.72%. The business had revenue of $2.63 billion during the quarter, compared to the consensus estimate of $2.62 billion. During the same quarter in the prior year, the firm earned $0.53 EPS. The company’s revenue for the quarter was down 5.8% compared to the same quarter last year. Conagra Brands has set its FY 2026 guidance at 1.700-1.85 EPS. On average, equities analysts expect that Conagra Brands will post 2.35 earnings per share for the current year.

Conagra Brands Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Thursday, October 30th were issued a $0.35 dividend. The ex-dividend date of this dividend was Thursday, October 30th. This represents a $1.40 annualized dividend and a dividend yield of 7.9%. Conagra Brands’s dividend payout ratio (DPR) is 79.55%.

About Conagra Brands

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.