Peak Retirement Planning Inc. Purchases 36,809 Shares of Conagra Brands $CAG

Peak Retirement Planning Inc. increased its position in shares of Conagra Brands (NYSE:CAG) by 67.4% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 91,447 shares of the company’s stock after purchasing an additional 36,809 shares during the quarter. Peak Retirement Planning Inc.’s holdings in Conagra Brands were worth $1,674,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CAG. Quaker Wealth Management LLC grew its stake in Conagra Brands by 202.3% during the second quarter. Quaker Wealth Management LLC now owns 1,227 shares of the company’s stock worth $25,000 after buying an additional 2,427 shares during the last quarter. CYBER HORNET ETFs LLC acquired a new position in shares of Conagra Brands in the 2nd quarter worth approximately $26,000. True Wealth Design LLC grew its position in Conagra Brands by 844.4% during the 3rd quarter. True Wealth Design LLC now owns 1,596 shares of the company’s stock worth $29,000 after acquiring an additional 1,427 shares during the last quarter. MUFG Securities EMEA plc acquired a new stake in Conagra Brands during the 2nd quarter valued at $29,000. Finally, Spire Wealth Management increased 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 purchasing an additional 1,230 shares in the last quarter. 83.75% of the stock is currently owned by institutional investors and hedge funds.

Conagra Brands Stock Performance

Conagra Brands stock opened at $18.36 on Tuesday. Conagra Brands has a 1 year low of $15.96 and a 1 year high of $28.51. The company’s 50-day moving average is $17.37 and its two-hundred day moving average is $18.14. The company has a current ratio of 0.89, a quick ratio of 0.28 and a debt-to-equity ratio of 0.80. The company has a market cap of $8.78 billion, a PE ratio of -83.43 and a beta of -0.01.

Conagra Brands (NYSE:CAG) last posted its quarterly earnings results on Friday, December 19th. The company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $2.98 billion during the quarter, compared to the consensus estimate of $3 billion. During the same period in the previous year, the firm posted $0.70 earnings per share. Conagra Brands’s revenue for the quarter was down 6.8% compared to the same quarter last year. Conagra Brands has set its FY 2026 guidance at 1.700-1.85 EPS. Equities analysts anticipate that Conagra Brands will post 2.35 earnings per share for the current year.

Conagra Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 26th. Investors of record on Tuesday, January 27th will be paid a dividend of $0.35 per share. 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 7.6%. Conagra Brands’s payout ratio is -636.36%.

Wall Street Analysts Forecast Growth

CAG has been the topic of several research analyst reports. Jefferies Financial Group decreased their target price on Conagra Brands from $19.00 to $18.00 and set a “hold” rating on the stock in a report on Thursday, December 11th. JPMorgan Chase & Co. reduced their price target on shares of Conagra Brands from $20.00 to $19.00 and set a “neutral” rating on the stock in a research report on Tuesday, December 16th. Sanford C. Bernstein lowered their price objective on shares of Conagra Brands from $21.00 to $18.00 and set a “market perform” rating for the company in a research report on Monday, December 22nd. Wall Street Zen lowered shares of Conagra Brands from a “hold” rating to a “sell” rating in a research report on Saturday, December 27th. Finally, Bank of America decreased their price target on shares of Conagra Brands from $18.00 to $17.00 and set an “underperform” rating on the stock in a research note on Monday, December 22nd. One equities research analyst has rated the stock with a Buy rating, eleven have assigned a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, Conagra Brands presently has an average rating of “Reduce” and an average price target of $18.71.

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.