Insider Selling: Conagra Brands (NYSE:CAG) SVP Sells $223,659.09 in Stock

Conagra Brands (NYSE:CAG) SVP Melissa Napier sold 13,011 shares of Conagra Brands stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $17.19, for a total value of $223,659.09. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Conagra Brands Trading Up 2.5%

Shares of CAG stock opened at $17.12 on Friday. The firm’s 50-day simple moving average is $18.46 and its 200-day simple moving average is $20.22. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.06 and a quick ratio of 0.44. Conagra Brands has a 1-year low of $16.60 and a 1-year high of $28.69. The firm has a market cap of $8.19 billion, a P/E ratio of 9.72, a PEG ratio of 1.65 and a beta of 0.03.

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

Conagra Brands Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Thursday, October 30th will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 8.2%. The ex-dividend date of this dividend is Thursday, October 30th. Conagra Brands’s dividend payout ratio (DPR) is 79.55%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on CAG. Stifel Nicolaus reduced their target price on Conagra Brands from $26.00 to $21.00 and set a “hold” rating on the stock in a report on Friday, July 11th. UBS Group reduced their price objective on Conagra Brands from $20.00 to $19.00 and set a “neutral” rating on the stock in a research note 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. Morgan Stanley lifted their price target on shares of Conagra Brands from $20.00 to $21.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 24th. Finally, Wells Fargo & Company raised their price objective on Conagra Brands from $19.00 to $20.00 and gave the company an “equal weight” rating in a research report on Thursday, October 2nd. One research analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and an average target price of $21.92.

Institutional Trading of Conagra Brands

A number of hedge funds and other institutional investors have recently modified their holdings of CAG. Victory Capital Management Inc. increased its stake in shares of Conagra Brands by 11.9% in the first quarter. Victory Capital Management Inc. now owns 842,094 shares of the company’s stock worth $22,459,000 after buying an additional 89,445 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new position in Conagra Brands during the 2nd quarter worth $10,465,000. Impact Partnership Wealth LLC acquired a new position in Conagra Brands during the 1st quarter worth $396,000. OneDigital Investment Advisors LLC increased its position in shares of Conagra Brands by 42.1% in the 1st quarter. OneDigital Investment Advisors LLC now owns 10,821 shares of the company’s stock worth $289,000 after purchasing an additional 3,207 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Conagra Brands by 6.8% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 259,697 shares of the company’s stock valued at $6,926,000 after purchasing an additional 16,546 shares in the last quarter. 83.75% of the stock is owned by hedge funds and other institutional investors.

Conagra Brands Company Profile

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.