Rep. Gilbert Ray Cisneros, Jr. Purchases Shares of Conagra Brands (NYSE:CAG)

Representative Gilbert Ray Cisneros, Jr. (Democratic-California) recently bought shares of Conagra Brands (NYSE:CAG). In a filing disclosed on June 08th, the Representative disclosed that they had bought between $1,001 and $15,000 in Conagra Brands stock on May 15th. The trade occurred in the Representative’s “150 MAIN STREET TRUST > BANK OF AMERICA” account.

Representative Gilbert Ray Cisneros, Jr. also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of SoftBank Group (OTCMKTS:SFTBF) on 6/2/2026.
• Purchased $1,001 – $15,000 in shares of Ciena (NYSE:CIEN) on 5/29/2026.
• Sold $1,001 – $15,000 in shares of AutoZone (NYSE:AZO) on 5/29/2026.
• Purchased $1,001 – $15,000 in shares of Independent Bank (NASDAQ:INDB) on 5/29/2026.
• Purchased $1,001 – $15,000 in shares of Arcutis Biotherapeutics (NASDAQ:ARQT) on 5/29/2026.
• Purchased $1,001 – $15,000 in shares of HealthEquity (NASDAQ:HQY) on 5/29/2026.
• Purchased $1,001 – $15,000 in shares of Boston Scientific (NYSE:BSX) on 5/29/2026.
• Purchased $1,001 – $15,000 in shares of Perella Weinberg Partners (NASDAQ:PWP) on 5/29/2026.
• Purchased $1,001 – $15,000 in shares of Cooper Companies (NASDAQ:COO) on 5/29/2026.
• Purchased $1,001 – $15,000 in shares of Ligand Pharmaceuticals (NASDAQ:LGND) on 5/29/2026.

Conagra Brands Stock Performance

Shares of CAG stock traded up $0.19 during mid-day trading on Wednesday, reaching $13.33. The stock had a trading volume of 15,149,749 shares, compared to its average volume of 14,546,891. The firm’s 50 day simple moving average is $14.18 and its 200 day simple moving average is $16.42. The company has a quick ratio of 0.30, a current ratio of 0.90 and a debt-to-equity ratio of 0.79. Conagra Brands has a one year low of $12.53 and a one year high of $22.55. The firm has a market cap of $6.38 billion, a PE ratio of -133.30 and a beta of -0.02.

Conagra Brands (NYSE:CAG) last announced its quarterly earnings data on Wednesday, April 1st. The company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.01). Conagra Brands had a positive return on equity of 10.15% and a negative net margin of 0.39%.The firm had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.76 billion. During the same quarter in the prior year, the business posted $0.51 EPS. Conagra Brands’s revenue was down 1.9% compared to the same quarter last year. On average, analysts forecast that Conagra Brands will post 1.7 EPS for the current year.

Conagra Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 3rd. Shareholders of record on Thursday, April 30th were given a $0.35 dividend. The ex-dividend date was Thursday, April 30th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 10.5%. Conagra Brands’s dividend payout ratio (DPR) is currently -1,400.00%.

Institutional Investors Weigh In On Conagra Brands

A number of hedge funds and other institutional investors have recently bought and sold shares of CAG. Norges Bank acquired a new stake in shares of Conagra Brands in the fourth quarter valued at approximately $145,656,000. Two Sigma Investments LP grew its position in Conagra Brands by 239.6% in the third quarter. Two Sigma Investments LP now owns 8,347,163 shares of the company’s stock valued at $152,837,000 after purchasing an additional 5,889,542 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its stake in Conagra Brands by 245.5% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 7,734,061 shares of the company’s stock valued at $141,611,000 after buying an additional 5,495,503 shares during the last quarter. AQR Capital Management LLC lifted its position in Conagra Brands by 216.2% during the 3rd quarter. AQR Capital Management LLC now owns 7,459,654 shares of the company’s stock worth $135,318,000 after buying an additional 5,100,424 shares in the last quarter. Finally, Qube Research & Technologies Ltd boosted its stake in shares of Conagra Brands by 241.9% during the 3rd quarter. Qube Research & Technologies Ltd now owns 5,915,490 shares of the company’s stock worth $108,313,000 after buying an additional 4,185,486 shares during the last quarter. Institutional investors and hedge funds own 83.75% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on the company. JPMorgan Chase & Co. reduced their price objective on Conagra Brands from $17.00 to $14.00 and set a “neutral” rating for the company in a research report on Friday, June 5th. Zacks Research downgraded Conagra Brands from a “hold” rating to a “strong sell” rating in a research report on Monday, May 11th. Barclays cut their target price on Conagra Brands from $21.00 to $18.00 and set an “overweight” rating for the company in a research report on Thursday, April 2nd. Royal Bank Of Canada cut their target price on Conagra Brands from $20.00 to $17.00 and set a “sector perform” rating for the company in a research report on Thursday, April 2nd. Finally, UBS Group cut their target price on Conagra Brands from $16.00 to $13.00 and set a “neutral” rating for the company in a research report on Tuesday, June 2nd. One investment analyst has rated the stock with a Buy rating, eleven have issued a Hold rating and six have given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Reduce” and an average price target of $14.33.

Insider Activity

In related news, Director John J. Mulligan bought 17,500 shares of the stock in a transaction that occurred on Tuesday, April 14th. The shares were acquired at an average price of $14.31 per share, with a total value of $250,425.00. Following the completion of the transaction, the director owned 20,728 shares in the company, valued at $296,617.68. The trade was a 542.13% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Richard H. Lenny bought 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 14th. The shares were bought at an average price of $14.34 per share, for a total transaction of $358,500.00. Following the acquisition, the director directly owned 229,340 shares of the company’s stock, valued at $3,288,735.60. This represents a 12.23% increase in their position. The disclosure for this purchase is available in the SEC filing. 0.57% of the stock is owned by company insiders.

About Representative Cisneros

Gil Cisneros (Democratic Party) is a member of the U.S. House, representing California’s 31st Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Cisneros (Democratic Party) is running for re-election to the U.S. House to represent California’s 31st Congressional District. He declared candidacy for the 2026 election.

Gil Cisneros served in the U.S. Navy as a supply officer from 1994 to 2004. Cisneros earned a bachelor’s degree in political science from George Washington University in 1994, a master’s in business administration from Regis University in 2002, and a master’s degree in urban education policy from Brown University in 2015. His career experience includes working as a logistics manager for Frito-Lay. In 2010, Cisneros won the lottery and became involved in activism and philanthropy, founding a scholarship program for local high school students. In 2021, President Joe Biden (D) appointed Cisneros as under secretary of defense for personnel and readiness.

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.