Jump Financial LLC Boosts Holdings in Conagra Brands $CAG

Jump Financial LLC increased its stake in shares of Conagra Brands (NYSE:CAG) by 155.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 286,244 shares of the company’s stock after acquiring an additional 174,201 shares during the quarter. Jump Financial LLC’s holdings in Conagra Brands were worth $5,859,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Campbell & CO Investment Adviser LLC acquired a new stake in shares of Conagra Brands during the second quarter worth about $2,489,000. Y Intercept Hong Kong Ltd purchased a new position in Conagra Brands during the 2nd quarter worth approximately $10,465,000. Hsbc Holdings PLC increased its position in Conagra Brands by 20.0% during the second quarter. Hsbc Holdings PLC now owns 1,251,371 shares of the company’s stock worth $25,578,000 after buying an additional 208,450 shares during the period. Triton Financial Group Inc purchased a new stake in Conagra Brands in the second quarter valued at approximately $690,000. Finally, Bleakley Financial Group LLC purchased a new stake in Conagra Brands in the second quarter valued at approximately $356,000. Institutional investors and hedge funds own 83.75% of the company’s stock.

Insider Activity at Conagra Brands

In related news, SVP Melissa C. Napier sold 13,011 shares of Conagra Brands stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $17.19, for a total value of $223,659.09. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.57% of the stock is owned by corporate insiders.

Conagra Brands Stock Up 0.0%

CAG stock opened at $17.12 on Wednesday. The stock has a market capitalization of $8.19 billion, a PE ratio of 9.72 and a beta of -0.01. The company has a fifty day moving average of $17.84 and a 200-day moving average of $19.22. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.44 and a current ratio of 1.06. Conagra Brands has a one year low of $16.60 and a one year high of $28.51.

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

Conagra Brands Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Thursday, October 30th were issued 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 was Thursday, October 30th. Conagra Brands’s dividend payout ratio (DPR) is currently 79.55%.

Wall Street Analysts Forecast Growth

CAG has been the topic of a number of research reports. Morgan Stanley raised their target price on shares of Conagra Brands from $20.00 to $21.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 24th. Weiss Ratings reissued a “sell (d+)” rating on shares of Conagra Brands in a research report on Wednesday, October 8th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $22.00 target price on shares of Conagra Brands in a report on Thursday, October 2nd. Wells Fargo & Company increased their target price on shares of Conagra Brands from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 2nd. Finally, UBS Group dropped their price target on Conagra Brands from $20.00 to $19.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 24th. One equities research analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average price target of $21.50.

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.