Bleakley Financial Group LLC Purchases 113,657 Shares of Conagra Brands $CAG

Bleakley Financial Group LLC raised its holdings in shares of Conagra Brands (NYSE:CAG) by 233.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 162,249 shares of the company’s stock after acquiring an additional 113,657 shares during the period. Bleakley Financial Group LLC’s holdings in Conagra Brands were worth $2,551,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. NewEdge Advisors LLC boosted its position in Conagra Brands by 4.2% during the first quarter. NewEdge Advisors LLC now owns 23,541 shares of the company’s stock valued at $628,000 after buying an additional 954 shares during the period. United Services Automobile Association purchased a new position in shares of Conagra Brands in the first quarter worth about $225,000. Empowered Funds LLC lifted its stake in shares of Conagra Brands by 5.9% in the 1st quarter. Empowered Funds LLC now owns 36,356 shares of the company’s stock valued at $970,000 after acquiring an additional 2,038 shares during the last quarter. Woodline Partners LP boosted its holdings in Conagra Brands by 40.7% during the 1st quarter. Woodline Partners LP now owns 40,326 shares of the company’s stock valued at $1,075,000 after acquiring an additional 11,664 shares during the period. Finally, Gamco Investors INC. ET AL increased its stake in Conagra Brands by 3.9% in the 2nd quarter. Gamco Investors INC. ET AL now owns 50,450 shares of the company’s stock worth $1,033,000 after purchasing an additional 1,900 shares during the period. 83.75% of the stock is owned by hedge funds and other institutional investors.

Conagra Brands News Summary

Here are the key news stories impacting Conagra Brands this week:

• Positive Sentiment: Conagra beat quarterly EPS estimates and posted year-over-year revenue growth, showing some operating resilience despite a tough consumer backdrop.
• Neutral Sentiment: Management said it is reviewing non-core assets and streamlining operations, a potential long-term turnaround step, but details were limited. Article Title
• Negative Sentiment: Conagra cut its dividend by 50%, which is a clear sign of pressure on cash generation and investor returns. Article Title
• Negative Sentiment: FY2027 guidance came in below analyst expectations, adding to worries that earnings momentum may stay weak in the near term. Article Title
• Negative Sentiment: The company recorded a quarterly loss under its new CEO, underscoring ongoing margin and cost challenges. Article Title

Conagra Brands Price Performance

CAG stock opened at $14.14 on Thursday. Conagra Brands has a 1 year low of $12.53 and a 1 year high of $20.32. The company has a market cap of $6.76 billion, a P/E ratio of -141.35 and a beta of -0.02. The firm has a 50-day moving average of $13.60 and a 200 day moving average of $15.74. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.90 and a quick ratio of 0.30.

Conagra Brands (NYSE:CAG) last posted its quarterly earnings data on Wednesday, July 15th. The company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.01. Conagra Brands had a positive return on equity of 10.15% and a negative net margin of 0.39%.The business had revenue of $2.88 billion for the quarter, compared to analysts’ expectations of $2.89 billion. During the same period in the previous year, the firm posted $0.56 EPS. The business’s revenue was up 3.6% on a year-over-year basis. Conagra Brands has set its FY 2027 guidance at 1.400-1.500 EPS. On average, sell-side analysts forecast that Conagra Brands will post 1.7 EPS for the current year.

Conagra Brands Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Thursday, July 30th will be given a dividend of $0.175 per share. The ex-dividend date is Thursday, July 30th. This represents a $0.70 annualized dividend and a dividend yield of 5.0%. Conagra Brands’s payout ratio is currently -1,400.00%.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Evercore dropped their price target on shares of Conagra Brands from $18.00 to $13.00 in a research report on Wednesday, June 10th. Stifel Nicolaus cut their target price on Conagra Brands from $17.00 to $15.00 and set a “hold” rating on the stock in a research note on Tuesday, April 21st. Morgan Stanley reduced their price target on Conagra Brands from $15.00 to $13.00 and set an “equal weight” rating on the stock in a report on Friday, June 5th. TD Cowen lowered their price target on Conagra Brands from $18.00 to $14.00 and set a “hold” rating for the company in a research report on Wednesday, March 25th. Finally, UBS Group dropped their price objective on Conagra Brands from $16.00 to $13.00 and set a “neutral” rating for the company in a report on Tuesday, June 2nd. One research analyst has rated the stock with a Buy rating, eleven have given a Hold rating and six have given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average price target of $14.00.

Conagra Brands 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.