Conagra Brands $CAG Position Increased by Chicago Partners Investment Group LLC

Chicago Partners Investment Group LLC boosted its holdings in shares of Conagra Brands (NYSE:CAG) by 51.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 159,310 shares of the company’s stock after buying an additional 54,422 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in Conagra Brands were worth $2,367,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. AIA Group Ltd grew its stake in Conagra Brands by 319.5% in the 1st quarter. AIA Group Ltd now owns 411,099 shares of the company’s stock valued at $6,462,000 after buying an additional 313,106 shares during the last quarter. BlackRock Inc. acquired a new stake in Conagra Brands during the second quarter worth approximately $1,071,275,000. Corient Private Wealth LP lifted its position in Conagra Brands by 655.5% during the second quarter. Corient Private Wealth LP now owns 1,356,285 shares of the company’s stock worth $18,256,000 after acquiring an additional 1,176,752 shares during the last quarter. Man Group plc lifted its position in Conagra Brands by 382.9% during the second quarter. Man Group plc now owns 461,153 shares of the company’s stock worth $6,207,000 after acquiring an additional 365,651 shares during the last quarter. Finally, Bleakley Financial Group LLC boosted its holdings in shares of Conagra Brands by 233.9% during the first quarter. Bleakley Financial Group LLC now owns 162,249 shares of the company’s stock worth $2,551,000 after acquiring an additional 113,657 shares during the period. Institutional investors and hedge funds own 83.75% of the company’s stock.

Conagra Brands Stock Down 1.8%

Shares of Conagra Brands stock opened at $15.24 on Friday. The company has a market cap of $7.27 billion, a P/E ratio of -3.83 and a beta of 0.02. The company has a current ratio of 1.10, a quick ratio of 0.39 and a debt-to-equity ratio of 1.08. The company’s fifty day simple moving average is $14.56 and its two-hundred day simple moving average is $15.27. Conagra Brands has a 12-month low of $12.53 and a 12-month high of $20.32.

Conagra Brands (NYSE:CAG) last issued its quarterly earnings results on Wednesday, September 30th. The company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.13. The company had revenue of $2.60 billion for the quarter, compared to analysts’ expectations of $2.59 billion. Conagra Brands had a positive return on equity of 11.46% and a negative net margin of 16.95%. The firm’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.39 earnings per share. Conagra Brands has set its FY 2027 guidance at 1.400-1.500 EPS. Research analysts anticipate that Conagra Brands will post 1.46 EPS for the current year.

Conagra Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 3rd. Shareholders of record on Thursday, November 5th will be paid a dividend of $0.1750 per share. This represents a $0.70 annualized dividend and a yield of 4.6%. The ex-dividend date is Thursday, November 5th. Conagra Brands’s dividend payout ratio (DPR) is currently -17.59%.

Analyst Upgrades and Downgrades

A number of research firms have commented on CAG. Weiss Ratings restated a “sell (d)” rating on shares of Conagra Brands in a research note on Tuesday, September 22nd. Barclays cut their price target on shares of Conagra Brands from $17.00 to $16.00 and set an “overweight” rating on the stock in a research report on Friday, October 2nd. Zacks Research upgraded Conagra Brands from a “strong sell” rating to a “hold” rating in a report on Thursday, October 1st. Deutsche Bank Aktiengesellschaft raised their price objective on Conagra Brands from $12.00 to $13.00 and gave the company a “hold” rating in a research note on Friday, September 18th. Finally, Evercore set a $13.00 target price on Conagra Brands in a research report on Tuesday, September 29th. One investment analyst has rated the stock with a Buy rating, twelve have issued a Hold rating and five have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and an average price target of $14.07.

Conagra Brands Company Profile

Conagra Brands, Inc is a packaged food company that develops, manufactures and markets branded food products for retail, foodservice and other commercial customers. The company’s portfolio includes frozen meals and side dishes, snacks, refrigerated foods, shelf-stable groceries, condiments and cooking products.

Its brands include Birds Eye, Healthy Choice, Marie Callender’s, Banquet, Duncan Hines, Reddi-wip, Hunt’s, Slim Jim, Orville Redenbacher’s, Chef Boyardee, Hebrew National, Vlasic and PAM.