Conagra Brands $CAG Shares Bought by Chicago Partners Investment Group LLC

Chicago Partners Investment Group LLC grew its stake in Conagra Brands (NYSE:CAG) by 51.9% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 159,310 shares of the company’s stock after buying an additional 54,422 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in Conagra Brands were worth $2,367,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in CAG. Tema ETFs LLC grew its position in shares of Conagra Brands by 9.3% in the 2nd quarter. Tema ETFs LLC now owns 8,546 shares of the company’s stock valued at $115,000 after buying an additional 725 shares during the last quarter. Cooper Financial Group lifted its stake in shares of Conagra Brands by 6.7% in the 3rd quarter. Cooper Financial Group now owns 13,695 shares of the company’s stock worth $184,000 after acquiring an additional 861 shares during the period. Castle Rock Wealth Management LLC lifted its holdings in shares of Conagra Brands by 3.6% in the 2nd quarter. Castle Rock Wealth Management LLC now owns 26,128 shares of the company’s stock valued at $374,000 after buying an additional 911 shares during the period. PNC Financial Services Group Inc. grew its stake in shares of Conagra Brands by 0.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 264,199 shares of the company’s stock worth $4,153,000 after purchasing an additional 939 shares during the period. Finally, World Investment Advisors lifted its position in shares of Conagra Brands by 9.2% during the 1st quarter. World Investment Advisors now owns 11,170 shares of the company’s stock valued at $176,000 after acquiring an additional 944 shares during the period. 83.75% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have commented on CAG shares. UBS Group lifted their target price on shares of Conagra Brands from $13.00 to $14.00 and gave the stock a “neutral” rating in a research note on Thursday, July 16th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $14.00 target price on shares of Conagra Brands in a research report on Thursday, October 1st. Barclays lowered their target price on Conagra Brands from $17.00 to $16.00 and set an “overweight” rating for the company in a report on Friday, October 2nd. JPMorgan Chase & Co. boosted their price target on Conagra Brands from $14.00 to $15.00 and gave the stock a “neutral” rating in a research report on Thursday, July 16th. Finally, Evercore set a $13.00 price target on shares of Conagra Brands in a research report on Tuesday, September 29th. One equities research analyst has rated the stock with a Buy rating, twelve have given a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat.com, Conagra Brands has a consensus rating of “Reduce” and an average target price of $14.07.

Conagra Brands Stock Performance

CAG opened at $15.24 on Friday. Conagra Brands has a 1 year low of $12.53 and a 1 year high of $20.32. The company has a current ratio of 1.10, a quick ratio of 0.39 and a debt-to-equity ratio of 1.08. The stock has a market cap of $7.27 billion, a PE ratio of -3.83 and a beta of 0.02. The stock’s 50 day simple moving average is $14.56 and its 200-day simple moving average is $15.27.

Conagra Brands (NYSE:CAG) last announced its quarterly earnings results on Wednesday, September 30th. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.28 by $0.13. The business had revenue of $2.60 billion for the quarter, compared to analyst estimates of $2.59 billion. Conagra Brands had a positive return on equity of 11.46% and a negative net margin of 16.95%. Conagra Brands’s quarterly revenue was down 1.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.39 EPS. Conagra Brands has set its FY 2027 guidance at 1.400-1.500 EPS. Sell-side analysts forecast that Conagra Brands will post 1.46 EPS for the current year.

Conagra Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 3rd. Investors of record on Thursday, November 5th will be paid a dividend of $0.1750 per share. The ex-dividend date of this dividend is Thursday, November 5th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 4.6%. Conagra Brands’s payout ratio is -17.59%.

About Conagra Brands

Conagra Brands, Inc is a packaged food company that develops, manufactures and markets branded food products for retail, foodservice and other commercial customers. The company’s portfolio includes frozen meals and side dishes, snacks, refrigerated foods, shelf-stable groceries, condiments and cooking products.

Its brands include Birds Eye, Healthy Choice, Marie Callender’s, Banquet, Duncan Hines, Reddi-wip, Hunt’s, Slim Jim, Orville Redenbacher’s, Chef Boyardee, Hebrew National, Vlasic and PAM.