SG Americas Securities LLC Grows Position in Conagra Brands $CAG

SG Americas Securities LLC boosted its position in shares of Conagra Brands (NYSE:CAG) by 142.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 134,609 shares of the company’s stock after purchasing an additional 79,004 shares during the period. SG Americas Securities LLC’s holdings in Conagra Brands were worth $2,465,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. HB Wealth Management LLC grew its stake in shares of Conagra Brands by 49.7% during the third quarter. HB Wealth Management LLC now owns 25,951 shares of the company’s stock valued at $475,000 after buying an additional 8,610 shares during the last quarter. Spire Wealth Management boosted its holdings in Conagra Brands by 249.0% during the 3rd quarter. Spire Wealth Management now owns 1,724 shares of the company’s stock valued at $32,000 after acquiring an additional 1,230 shares during the period. CX Institutional grew its position in Conagra Brands by 2,248.8% in the 3rd quarter. CX Institutional now owns 9,583 shares of the company’s stock valued at $175,000 after acquiring an additional 9,175 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in Conagra Brands by 120.2% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 4,214 shares of the company’s stock worth $77,000 after purchasing an additional 2,300 shares during the period. Finally, Cerity Partners LLC lifted its position in shares of Conagra Brands by 35.1% during the third quarter. Cerity Partners LLC now owns 687,096 shares of the company’s stock worth $12,581,000 after purchasing an additional 178,517 shares during the last quarter. Institutional investors own 83.75% of the company’s stock.

Insider Activity at Conagra Brands

In other news, SVP Melissa C. Napier sold 13,011 shares of the firm’s stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $17.19, for a total value of $223,659.09. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.57% of the company’s stock.

Conagra Brands Stock Performance

Shares of CAG stock opened at $16.55 on Wednesday. The firm has a market cap of $7.92 billion, a price-to-earnings ratio of -75.21 and a beta of -0.01. Conagra Brands has a 52-week low of $15.96 and a 52-week high of $28.51. The company has a quick ratio of 0.28, a current ratio of 0.89 and a debt-to-equity ratio of 0.80. The company’s 50 day moving average is $17.29 and its 200 day moving average is $18.38.

Conagra Brands (NYSE:CAG) last announced its earnings results on Friday, December 19th. The company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.01. The business had revenue of $2.98 billion for the quarter, compared to analysts’ expectations of $3 billion. Conagra Brands had a positive return on equity of 10.59% and a negative net margin of 0.87%.The business’s revenue for the quarter was down 6.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.70 EPS. Conagra Brands has set its FY 2026 guidance at 1.700-1.85 EPS. On average, sell-side analysts anticipate that Conagra Brands will post 2.35 EPS for the current fiscal year.

Conagra Brands Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 26th. Shareholders of record on Tuesday, January 27th will be issued a $0.35 dividend. The ex-dividend date is Tuesday, January 27th. This represents a $1.40 dividend on an annualized basis and a yield of 8.5%. Conagra Brands’s payout ratio is currently -636.36%.

Analysts Set New Price Targets

CAG has been the topic of a number of research analyst reports. TD Cowen cut their price target on shares of Conagra Brands from $19.00 to $18.00 and set a “hold” rating on the stock in a report on Monday, December 22nd. Evercore ISI reduced their target price on shares of Conagra Brands from $23.00 to $22.00 and set an “in-line” rating on the stock in a research report on Monday, December 22nd. Royal Bank Of Canada decreased their price target on shares of Conagra Brands from $22.00 to $20.00 and set a “sector perform” rating for the company in a research note on Monday, December 22nd. Sanford C. Bernstein dropped their price objective on Conagra Brands from $21.00 to $18.00 and set a “market perform” rating on the stock in a research note on Monday, December 22nd. Finally, Wells Fargo & Company decreased their target price on Conagra Brands from $19.00 to $18.00 and set an “equal weight” rating for the company in a research report on Monday, January 5th. One equities research analyst has rated the stock with a Buy rating, twelve have issued a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average target price of $19.00.

Conagra Brands Company 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.