Truist Financial Corp Grows Stake in Conagra Brands $CAG

Truist Financial Corp increased its stake in shares of Conagra Brands (NYSE:CAG) by 62.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 143,029 shares of the company’s stock after purchasing an additional 54,829 shares during the period. Truist Financial Corp’s holdings in Conagra Brands were worth $2,619,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Quaker Wealth Management LLC lifted its position in shares of Conagra Brands by 202.3% in the second quarter. Quaker Wealth Management LLC now owns 1,227 shares of the company’s stock valued at $25,000 after acquiring an additional 2,427 shares in the last quarter. CYBER HORNET ETFs LLC acquired a new position in Conagra Brands in the 2nd quarter valued at $26,000. MUFG Securities EMEA plc purchased a new position in Conagra Brands in the 2nd quarter valued at $29,000. True Wealth Design LLC boosted its stake 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 purchasing an additional 1,427 shares during the last quarter. Finally, Clearstead Trust LLC grew its holdings in shares of Conagra Brands by 522.1% during the second quarter. Clearstead Trust LLC now owns 1,636 shares of the company’s stock worth $33,000 after buying an additional 1,373 shares in the last quarter. 83.75% of the stock is currently owned by institutional investors and hedge funds.

Conagra Brands Trading Down 0.9%

Shares of Conagra Brands stock opened at $19.38 on Friday. The stock has a 50 day moving average of $17.50 and a 200 day moving average of $18.16. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.28 and a current ratio of 0.89. The firm has a market capitalization of $9.27 billion, a price-to-earnings ratio of -88.09 and a beta of -0.01. Conagra Brands has a fifty-two week low of $15.96 and a fifty-two week high of $28.51.

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

Conagra Brands Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 26th. Shareholders of record on Tuesday, January 27th will be given a dividend of $0.35 per share. The ex-dividend date is Tuesday, January 27th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 7.2%. Conagra Brands’s dividend payout ratio (DPR) is currently -636.36%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on CAG shares. TD Cowen reissued a “hold” rating on shares of Conagra Brands in a research note on Monday, December 22nd. Evercore decreased their target price on shares of Conagra Brands from $22.00 to $19.00 in a research note on Friday, January 9th. Deutsche Bank Aktiengesellschaft lowered their target price on Conagra Brands from $19.00 to $18.00 and set a “hold” rating on the stock in a report on Monday, December 22nd. Stifel Nicolaus cut their price target on Conagra Brands from $21.00 to $19.00 and set a “hold” rating for the company in a report on Thursday, December 11th. Finally, Jefferies Financial Group lowered their price objective on Conagra Brands from $19.00 to $18.00 and set a “hold” rating on the stock in a research note on Thursday, December 11th. One investment analyst has rated the stock with a Buy rating, eleven have given a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus 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.