Quantinno Capital Management LP Has $33.99 Million Stake in Conagra Brands $CAG

Quantinno Capital Management LP grew its position in Conagra Brands (NYSE:CAG) by 51.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,162,412 shares of the company’s stock after purchasing an additional 737,120 shares during the period. Quantinno Capital Management LP’s holdings in Conagra Brands were worth $33,993,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of CAG. State Street Corp grew its holdings in shares of Conagra Brands by 2.3% during the second quarter. State Street Corp now owns 26,202,392 shares of the company’s stock worth $536,363,000 after buying an additional 588,435 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Conagra Brands by 9.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 19,323,789 shares of the company’s stock valued at $303,771,000 after buying an additional 1,701,624 shares during the last quarter. Invesco Ltd. lifted its stake in Conagra Brands by 13.3% in the 4th quarter. Invesco Ltd. now owns 17,667,780 shares of the company’s stock valued at $305,829,000 after acquiring an additional 2,079,903 shares in the last quarter. Morgan Stanley lifted its stake in Conagra Brands by 18.5% in the 4th quarter. Morgan Stanley now owns 15,229,557 shares of the company’s stock valued at $263,624,000 after acquiring an additional 2,376,823 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its position in Conagra Brands by 19.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 12,130,671 shares of the company’s stock worth $222,113,000 after acquiring an additional 1,984,873 shares during the last quarter. 83.75% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently weighed in on CAG. Zacks Research cut shares of Conagra Brands from a “hold” rating to a “strong sell” rating in a research note on Monday, May 11th. Morgan Stanley cut their price objective on shares of Conagra Brands from $15.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Friday, June 5th. Stifel Nicolaus reduced their target price on shares of Conagra Brands from $17.00 to $15.00 and set a “hold” rating for the company in a report on Tuesday, April 21st. UBS Group raised their target price on shares of Conagra Brands from $13.00 to $14.00 and gave the company a “neutral” rating in a research report on Thursday, July 16th. Finally, Weiss Ratings lowered shares of Conagra Brands from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, June 25th. One equities research 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, the stock presently has an average rating of “Reduce” and an average target price of $14.07.

Conagra Brands Stock Performance

Shares of NYSE CAG opened at $15.02 on Friday. The stock has a 50 day moving average price of $13.82 and a 200 day moving average price of $15.57. Conagra Brands has a 52 week low of $12.53 and a 52 week high of $20.32. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.31 and a current ratio of 0.90. The stock has a market capitalization of $7.19 billion, a PE ratio of -3.76 and a beta of -0.02.

Conagra Brands (NYSE:CAG) last posted its quarterly earnings results on Wednesday, July 15th. The company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.01. Conagra Brands had a positive return on equity of 10.44% and a negative net margin of 16.99%.The firm had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.89 billion. During the same quarter in the previous year, the firm earned $0.56 EPS. The business’s quarterly revenue was up 3.6% on a year-over-year basis. Conagra Brands has set its FY 2027 guidance at 1.400-1.500 EPS. Analysts predict that Conagra Brands will post 1.45 earnings per share for the current fiscal year.

Conagra Brands Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Thursday, July 30th will be paid a $0.175 dividend. The ex-dividend date of this dividend is Thursday, July 30th. This represents a $0.70 annualized dividend and a dividend yield of 4.7%. Conagra Brands’s dividend payout ratio (DPR) is currently -35.00%.

Key Stories Impacting Conagra Brands

Here are the key news stories impacting Conagra Brands this week:

• Positive Sentiment: Zacks Research projects Conagra’s fiscal 2029 earnings at $1.61 per share, above the current-year consensus estimate of $1.45, suggesting potential longer-term earnings improvement if the company stabilizes its business. Conagra Brands analyst estimates
• Neutral Sentiment: Conagra announced that its chief operating officer is retiring and that it will eliminate the COO position. The move could streamline management, although investors may watch for any effect on execution and leadership responsibilities. Conagra Brands retires COO role
• Neutral Sentiment: One analysis said the stock may be fairly valued following its earlier decline, which could limit downside at current levels but offers little immediate catalyst for a stronger re-rating. Conagra stock valuation analysis
• Negative Sentiment: Zacks Research lowered EPS forecasts across multiple periods, including fiscal 2027 first-quarter earnings to $0.32 from $0.40, second-quarter earnings to $0.39 from $0.49, and third-quarter earnings to $0.36 from $0.40. It also cut fiscal 2028 estimates, including fourth-quarter EPS to $0.40 from $0.46, and maintains a “Strong Sell” rating. The broad reductions are the clearest reason for the stock’s decline. Zacks Research Conagra estimates
• Negative Sentiment: Broader consumer-staples commentary points to weakening pricing power as shoppers resist additional price increases. That environment threatens sales growth and margins for Conagra and other packaged-food companies. Consumer staples pricing pressure

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.