Conagra Brands $CAG Shares Sold by Cullen Capital Management LLC

Cullen Capital Management LLC reduced its holdings in Conagra Brands (NYSE:CAG) by 97.6% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 67,022 shares of the company’s stock after selling 2,672,991 shares during the quarter. Cullen Capital Management LLC’s holdings in Conagra Brands were worth $1,227,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of CAG. Quaker Wealth Management LLC boosted its stake in Conagra Brands by 202.3% in the second quarter. Quaker Wealth Management LLC now owns 1,227 shares of the company’s stock valued at $25,000 after acquiring an additional 2,427 shares during the period. CYBER HORNET ETFs LLC acquired a new position in Conagra Brands during the 2nd quarter valued at approximately $26,000. MUFG Securities EMEA plc bought a new position in Conagra Brands during the 2nd quarter worth $29,000. True Wealth Design LLC increased its position in Conagra Brands by 844.4% in the third quarter. True Wealth Design LLC now owns 1,596 shares of the company’s stock worth $29,000 after buying an additional 1,427 shares during the period. Finally, Clearstead Trust LLC increased its position in 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 buying an additional 1,373 shares during the period. Institutional investors own 83.75% of the company’s stock.

Conagra Brands Trading Down 1.2%

Conagra Brands stock opened at $19.56 on Friday. Conagra Brands has a 12 month low of $15.96 and a 12 month high of $28.51. 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 stock has a market cap of $9.35 billion, a P/E ratio of -88.89 and a beta of -0.01. The company’s fifty day simple moving average is $17.47 and its 200-day simple moving average is $18.16.

Conagra Brands (NYSE:CAG) last released its quarterly earnings data 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. Conagra Brands had a positive return on equity of 10.59% and a negative net margin of 0.87%.The firm had revenue of $2.98 billion during the quarter, compared to analysts’ expectations of $3 billion. During the same quarter last year, the firm earned $0.70 earnings per share. The business’s revenue for the quarter was down 6.8% on a year-over-year basis. Conagra Brands has set its FY 2026 guidance at 1.700-1.85 EPS. As a group, sell-side analysts forecast that Conagra Brands will post 2.35 EPS for the current fiscal year.

Conagra Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 26th. Shareholders of record on Tuesday, January 27th will be paid a $0.35 dividend. The ex-dividend date is Tuesday, January 27th. This represents a $1.40 dividend on an annualized basis and a yield of 7.2%. Conagra Brands’s payout ratio is -636.36%.

Analysts Set New Price Targets

CAG has been the topic of several research analyst reports. The Goldman Sachs Group lowered their target price on shares of Conagra Brands from $18.00 to $16.00 and set a “sell” rating on the stock in a research note on Monday, November 24th. Sanford C. Bernstein decreased their target price on Conagra Brands from $21.00 to $18.00 and set a “market perform” rating on the stock in a report on Monday, December 22nd. JPMorgan Chase & Co. reduced their target price on Conagra Brands from $20.00 to $19.00 and set a “neutral” rating for the company in a report on Tuesday, December 16th. UBS Group decreased their target price on shares of Conagra Brands from $19.00 to $18.00 and set a “neutral” rating for the company in a report on Tuesday, December 23rd. Finally, Jefferies Financial Group cut their price target on shares of Conagra Brands from $19.00 to $18.00 and set a “hold” rating on the stock in a report on Thursday, December 11th. One investment analyst has rated the stock with a Buy rating, eleven have given a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus target price of $18.71.

About Conagra Brands

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.