WBI Investments LLC Increases Position in Conagra Brands $CAG

WBI Investments LLC increased its holdings in Conagra Brands (NYSE:CAG) by 179.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 144,926 shares of the company’s stock after purchasing an additional 93,124 shares during the quarter. Conagra Brands accounts for about 0.7% of WBI Investments LLC’s holdings, making the stock its 25th largest holding. WBI Investments LLC’s holdings in Conagra Brands were worth $2,654,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB raised its stake in shares of Conagra Brands by 50.0% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 6,725 shares of the company’s stock worth $123,000 after buying an additional 2,241 shares during the period. Sunbelt Securities Inc. raised its position in Conagra Brands by 394.2% during the third quarter. Sunbelt Securities Inc. now owns 11,672 shares of the company’s stock worth $214,000 after acquiring an additional 9,310 shares during the period. Captrust Financial Advisors lifted its holdings in Conagra Brands by 5.0% during the third quarter. Captrust Financial Advisors now owns 146,908 shares of the company’s stock valued at $2,690,000 after purchasing an additional 6,972 shares in the last quarter. Coldstream Capital Management Inc. grew its position in shares of Conagra Brands by 69.9% in the third quarter. Coldstream Capital Management Inc. now owns 33,167 shares of the company’s stock valued at $607,000 after purchasing an additional 13,645 shares during the period. Finally, Danske Bank A S acquired a new stake in shares of Conagra Brands in the third quarter valued at about $615,000. Hedge funds and other institutional investors own 83.75% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on CAG. Wells Fargo & Company restated an “underweight” rating and set a $15.00 price target (down from $20.00) on shares of Conagra Brands in a research report on Thursday, March 12th. Royal Bank Of Canada lowered their price objective on Conagra Brands from $22.00 to $20.00 and set a “sector perform” rating on the stock in a report on Monday, December 22nd. Zacks Research upgraded Conagra Brands from a “strong sell” rating to a “hold” rating in a research note on Friday, February 20th. Jefferies Financial Group reduced their target price on Conagra Brands from $19.00 to $18.00 and set a “hold” rating for the company in a report on Thursday, December 11th. Finally, Evercore decreased their target price on Conagra Brands from $22.00 to $19.00 in a research report on Friday, January 9th. One equities research analyst has rated the stock with a Buy rating, eleven have assigned a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, Conagra Brands presently has an average rating of “Reduce” and an average price target of $18.71.

Conagra Brands Stock Up 1.0%

Shares of NYSE CAG opened at $16.20 on Wednesday. Conagra Brands has a 12-month low of $15.96 and a 12-month high of $27.68. The stock has a market cap of $7.75 billion, a PE ratio of -73.61 and a beta of -0.02. The company has a current ratio of 0.89, a quick ratio of 0.28 and a debt-to-equity ratio of 0.80. The company has a 50-day moving average of $18.15 and a 200 day moving average of $18.04.

Conagra Brands (NYSE:CAG) last released its 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 analyst estimates of $3 billion. Conagra Brands had a negative net margin of 0.87% and a positive return on equity of 10.59%. The business’s revenue was down 6.8% on a year-over-year basis. During the same period last year, the company posted $0.70 EPS. Conagra Brands has set its FY 2026 guidance at 1.700-1.85 EPS. As a group, sell-side analysts predict that Conagra Brands will post 2.35 EPS for the current fiscal year.

Conagra Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 26th. Shareholders of record on Tuesday, January 27th were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Tuesday, January 27th. This represents a $1.40 dividend on an annualized basis and a yield of 8.6%. Conagra Brands’s payout ratio is -636.36%.

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.