Varma Mutual Pension Insurance Co Lowers Position in Conagra Brands $CAG

Varma Mutual Pension Insurance Co lessened its stake in Conagra Brands (NYSE:CAG) by 20.4% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 325,200 shares of the company’s stock after selling 83,100 shares during the quarter. Varma Mutual Pension Insurance Co owned approximately 0.07% of Conagra Brands worth $5,954,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of CAG. Quaker Wealth Management LLC lifted its stake in Conagra Brands by 202.3% during the 2nd 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 bought a new stake in shares of Conagra Brands in the 2nd quarter worth $26,000. MUFG Securities EMEA plc purchased a new stake in shares of Conagra Brands in the second quarter valued at about $29,000. True Wealth Design LLC boosted its holdings in Conagra Brands by 844.4% during the third 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 position in Conagra Brands by 522.1% in the 2nd quarter. Clearstead Trust LLC now owns 1,636 shares of the company’s stock worth $33,000 after purchasing an additional 1,373 shares in the last quarter. Institutional investors own 83.75% of the company’s stock.

Conagra Brands Stock Performance

Shares of CAG opened at $19.78 on Friday. Conagra Brands has a 1 year low of $15.96 and a 1 year high of $28.51. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.89 and a quick ratio of 0.28. The stock’s fifty day moving average price is $17.74 and its two-hundred day moving average price is $18.17. The firm has a market cap of $9.46 billion, a PE ratio of -89.89 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 the consensus estimate of $0.44 by $0.01. Conagra Brands had a positive return on equity of 10.59% and a negative net margin of 0.87%.The company had revenue of $2.98 billion during the quarter, compared to the consensus estimate of $3 billion. During the same quarter in the prior year, the company earned $0.70 EPS. The firm’s quarterly revenue 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. On average, equities research analysts forecast that Conagra Brands will post 2.35 EPS for the current year.

Conagra Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 26th. Stockholders of record on Tuesday, January 27th will be given a $0.35 dividend. The ex-dividend date of this dividend is Tuesday, January 27th. This represents a $1.40 annualized dividend and a dividend yield of 7.1%. Conagra Brands’s payout ratio is -636.36%.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Royal Bank Of Canada cut their target price on Conagra Brands from $22.00 to $20.00 and set a “sector perform” rating on the stock in a research note on Monday, December 22nd. Evercore dropped their price target on Conagra Brands from $22.00 to $19.00 in a report on Friday, January 9th. Bank of America reduced their price objective on Conagra Brands from $18.00 to $17.00 and set an “underperform” rating for the company in a research note on Monday, December 22nd. Deutsche Bank Aktiengesellschaft decreased their target price on Conagra Brands from $19.00 to $18.00 and set a “hold” rating for the company in a research report on Monday, December 22nd. Finally, Wall Street Zen downgraded shares of Conagra Brands from a “hold” rating to a “sell” rating in a report on Saturday, December 27th. One analyst has rated the stock with a Buy rating, eleven have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and an average target price of $18.86.

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.