Systematic Financial Management LP Buys 190,530 Shares of Conagra Brands $CAG

Systematic Financial Management LP raised its stake in Conagra Brands (NYSE:CAG) by 433.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 234,460 shares of the company’s stock after purchasing an additional 190,530 shares during the period. Systematic Financial Management LP’s holdings in Conagra Brands were worth $3,686,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. VIRGINIA RETIREMENT SYSTEMS ET Al grew its position in shares of Conagra Brands by 24.8% in the fourth quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 661,029 shares of the company’s stock valued at $11,442,000 after purchasing an additional 131,287 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Conagra Brands by 23.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 8,125,901 shares of the company’s stock worth $140,659,000 after purchasing an additional 1,554,725 shares during the period. Leonteq Securities AG bought a new position in shares of Conagra Brands during the fourth quarter worth approximately $2,415,000. Sound Income Strategies LLC lifted its holdings in Conagra Brands by 153.4% during the 4th quarter. Sound Income Strategies LLC now owns 406,666 shares of the company’s stock worth $6,897,000 after purchasing an additional 246,178 shares during the last quarter. Finally, Marathon Trading Investment Management LLC acquired a new stake in Conagra Brands during the 4th quarter worth approximately $1,367,000. 83.75% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have commented on CAG. Royal Bank Of Canada decreased their price objective on Conagra Brands from $16.00 to $14.00 and set a “sector perform” rating on the stock in a report on Thursday, July 16th. Deutsche Bank Aktiengesellschaft lowered their price objective on Conagra Brands from $14.00 to $12.00 and set a “hold” rating on the stock in a research report on Thursday, June 18th. Jefferies Financial Group dropped their target price on Conagra Brands from $15.00 to $13.00 and set a “hold” rating for the company in a report on Wednesday, May 27th. Evercore reduced their target price on shares of Conagra Brands from $18.00 to $13.00 in a research report on Wednesday, June 10th. Finally, Stifel Nicolaus decreased their price target on shares of Conagra Brands from $17.00 to $15.00 and set a “hold” rating on the stock in a research note on Tuesday, April 21st. One investment analyst has rated the stock with a Buy rating, eleven have given a Hold rating and six have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Reduce” and an average price target of $14.07.

Conagra Brands Trading Up 2.7%

Shares of CAG stock opened at $14.76 on Friday. The company has a current ratio of 0.90, a quick ratio of 0.31 and a debt-to-equity ratio of 1.02. The stock has a market cap of $7.07 billion, a P/E ratio of -3.69 and a beta of -0.02. The stock has a 50 day simple moving average of $13.69 and a 200 day simple moving average of $15.61. Conagra Brands has a 1 year low of $12.53 and a 1 year high of $20.32.

Conagra Brands (NYSE:CAG) last issued its quarterly earnings results on Wednesday, July 15th. The company reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.01. Conagra Brands had a positive return on equity of 10.44% and a negative net margin of 16.99%.The business had revenue of $2.88 billion for the quarter, compared to the consensus estimate of $2.89 billion. During the same quarter in the prior year, the business posted $0.56 earnings per share. The firm’s quarterly revenue was up 3.6% compared to the same quarter last year. Conagra Brands has set its FY 2027 guidance at 1.400-1.500 EPS. On average, research analysts predict that Conagra Brands will post 1.45 earnings per share for the current fiscal year.

Conagra Brands Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Thursday, July 30th will be issued a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a dividend yield of 4.7%. The ex-dividend date of this dividend is Thursday, July 30th. Conagra Brands’s dividend payout ratio is -35.00%.

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.