Wedge Capital Management L L P NC Buys 42,647 Shares of Conagra Brands $CAG

Wedge Capital Management L L P NC raised its position in shares of Conagra Brands (NYSE:CAG) by 21.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 241,511 shares of the company’s stock after buying an additional 42,647 shares during the quarter. Wedge Capital Management L L P NC owned about 0.05% of Conagra Brands worth $4,422,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Wellington Management Group LLP grew its stake in shares of Conagra Brands by 173.1% in the 1st quarter. Wellington Management Group LLP now owns 196,589 shares of the company’s stock worth $5,243,000 after buying an additional 124,595 shares in the last quarter. Quantbot Technologies LP bought a new position in shares of Conagra Brands in the 1st quarter valued at about $580,000. T. Rowe Price Investment Management Inc. bought a new position in shares of Conagra Brands in the 1st quarter valued at about $245,000. CW Advisors LLC grew its position in Conagra Brands by 101.6% in the first quarter. CW Advisors LLC now owns 35,995 shares of the company’s stock worth $960,000 after acquiring an additional 18,136 shares in the last quarter. Finally, Norinchukin Bank The increased its stake in Conagra Brands by 14.4% during the first quarter. Norinchukin Bank The now owns 23,585 shares of the company’s stock worth $629,000 after acquiring an additional 2,967 shares during the last quarter. Institutional investors own 83.75% of the company’s stock.

Conagra Brands Stock Down 0.5%

Shares of NYSE CAG opened at $17.27 on Tuesday. Conagra Brands has a 12-month low of $16.60 and a 12-month high of $28.51. The stock’s fifty day simple moving average is $17.63 and its two-hundred day simple moving average is $18.90. The stock has a market capitalization of $8.26 billion, a PE ratio of -78.48 and a beta of -0.01. The company has a current ratio of 0.89, a quick ratio of 0.28 and a debt-to-equity ratio of 0.80.

Conagra Brands (NYSE:CAG) last posted its quarterly earnings data on Friday, December 19th. The company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.44 by $0.01. Conagra Brands had a negative net margin of 0.87% and a positive return on equity of 10.59%. The firm had revenue of $2.98 billion during the quarter, compared to analyst estimates of $3 billion. During the same quarter in the previous year, the business posted $0.70 EPS. Conagra Brands’s revenue was down 6.8% on a year-over-year basis. 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 fiscal year.

Conagra Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 26th. Stockholders of record on Tuesday, January 27th will be issued a $0.35 dividend. The ex-dividend date of this dividend is Tuesday, January 27th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 8.1%. Conagra Brands’s dividend payout ratio is currently -636.36%.

Trending Headlines about Conagra Brands

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

• Positive Sentiment: Conagra affirmed its quarterly dividend of $0.35, which supports income-focused holders and reduces short-term downside risk. Conagra Brands (NYSE:CAG) Has Affirmed Its Dividend Of $0.35
• Neutral Sentiment: Morgan Stanley maintained an Equal-Weight rating on CAG, signaling no change in conviction from a large sell-side firm. This is neutral for immediate price direction but means no new buy-side endorsement. Morgan Stanley maintains Conagra Brands (CAG) equal-weight recommendation
• Neutral Sentiment: Coverage commentary is mixed — some analysts see reasons for concern while others remain constructive, leaving the consensus view conflicted. That mixed messaging can increase volatility as investors sort through differing views. Analysts Conflicted on These Consumer Goods Names: Lamb Weston Holdings (LW) and Conagra Brands (CAG)
• Negative Sentiment: Multiple firms trimmed price targets or ratings after Conagra’s mixed Q2 results and updated guidance, a direct headwind for the share price: Bank of America lowered its target to $17 and kept an Underperform rating. B of A Securities maintains Conagra Brands (CAG) underperform recommendation
• Negative Sentiment: Evercore cut its price target to $22 (in-line rating), Deutsche Bank and TD Cowen trimmed targets to $18 and kept Hold ratings — these reductions reflect lower earnings/forecast assumptions and weigh on investor expectations. Evercore ISI adjusts price target on Conagra Brands to $22 from $23
• Negative Sentiment: Analysts collectively lowered their earnings forecasts after the Q2 report (mixed results and down revenue vs. year-ago), increasing downside risk to near-term EPS expectations and valuation. These Analysts Cut Their Forecasts On Conagra Brands After Q2 Results
• Neutral Sentiment: A recent Seeking Alpha piece flags a high yield and argues the market may be mispricing an important detail — useful for longer-term income investors but unlikely to reverse near-term analyst pressure. Conagra Brands: 8%-Yield Looks Broken, But The Market Is Missing The Most Important Detail

Insider Activity

In related news, SVP Melissa C. Napier sold 13,011 shares of the company’s 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 sale was disclosed in a document filed with the SEC, which is available at this link. 0.57% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

CAG has been the topic of several analyst reports. JPMorgan Chase & Co. cut their target price on Conagra Brands from $20.00 to $19.00 and set a “neutral” rating on the stock in a research report on Tuesday, December 16th. The Goldman Sachs Group dropped their price objective on shares of Conagra Brands from $18.00 to $16.00 and set a “sell” rating for the company in a research note on Monday, November 24th. Royal Bank Of Canada reduced their target price on shares of Conagra Brands from $22.00 to $20.00 and set a “sector perform” rating on the stock in a research note on Monday. UBS Group reaffirmed a “neutral” rating on shares of Conagra Brands in a research note on Tuesday. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Conagra Brands in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, Conagra Brands has a consensus rating of “Reduce” and an average price target of $19.36.

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.