Moody Aldrich Partners LLC Has $4.71 Million Stake in Conagra Brands $CAG

Moody Aldrich Partners LLC raised its position in Conagra Brands (NYSE:CAG) by 221.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 256,974 shares of the company’s stock after buying an additional 176,930 shares during the quarter. Moody Aldrich Partners LLC owned about 0.05% of Conagra Brands worth $4,705,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Campbell & CO Investment Adviser LLC acquired a new position in shares of Conagra Brands during the 2nd quarter worth $2,489,000. Y Intercept Hong Kong Ltd bought a new position in Conagra Brands in the second quarter valued at about $10,465,000. Hsbc Holdings PLC grew its position in Conagra Brands by 20.0% in the second quarter. Hsbc Holdings PLC now owns 1,251,371 shares of the company’s stock valued at $25,578,000 after acquiring an additional 208,450 shares during the last quarter. Triton Financial Group Inc acquired a new position in Conagra Brands during the second quarter worth about $690,000. Finally, Bleakley Financial Group LLC bought a new position in shares of Conagra Brands in the second quarter worth about $356,000. Institutional investors own 83.75% of the company’s stock.

Conagra Brands Price Performance

CAG stock opened at $17.31 on Thursday. 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 company’s 50-day moving average is $17.45 and its 200-day moving average is $18.68. The stock has a market capitalization of $8.28 billion, a PE ratio of -78.68 and a beta of -0.01. Conagra Brands has a 1 year low of $16.60 and a 1 year high of $28.51.

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

Conagra Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 26th. Investors of record on Tuesday, January 27th will be given a $0.35 dividend. The ex-dividend date of this dividend is Tuesday, January 27th. This represents a $1.40 annualized dividend and a yield of 8.1%. Conagra Brands’s dividend payout ratio (DPR) is presently -636.36%.

Insider Buying and Selling

In other Conagra Brands news, SVP Melissa C. Napier sold 13,011 shares of the company’s stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $17.19, for a total transaction of $223,659.09. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.57% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CAG. Cowen reaffirmed a “hold” rating on shares of Conagra Brands in a report on Monday, December 22nd. Weiss Ratings reiterated a “sell (d+)” rating on shares of Conagra Brands in a report on Wednesday, October 8th. Wells Fargo & Company lowered their price objective on Conagra Brands from $20.00 to $19.00 and set an “equal weight” rating for the company in a research report on Friday, December 12th. Zacks Research raised Conagra Brands from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 2nd. Finally, Morgan Stanley decreased their target price on Conagra Brands from $21.00 to $19.00 and set an “equal weight” rating for the company in a research note on Monday, December 22nd. One analyst has rated the stock with a Buy rating, thirteen have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus price target of $19.07.

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.