Meyer Handelman Co. Cuts Holdings in Conagra Brands $CAG

Meyer Handelman Co. lowered its stake in shares of Conagra Brands (NYSE:CAG) by 48.8% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 67,360 shares of the company’s stock after selling 64,268 shares during the period. Meyer Handelman Co.’s holdings in Conagra Brands were worth $1,166,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Conagra Brands by 45.3% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 342,942 shares of the company’s stock valued at $6,485,000 after purchasing an additional 106,891 shares during the last quarter. AE Wealth Management LLC boosted its position in Conagra Brands by 13.7% during the third quarter. AE Wealth Management LLC now owns 720,093 shares of the company’s stock valued at $13,185,000 after buying an additional 86,604 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Conagra Brands by 15.6% during the third quarter. JPMorgan Chase & Co. now owns 3,021,478 shares of the company’s stock valued at $55,323,000 after buying an additional 408,597 shares during the last quarter. AIA Group Ltd increased its holdings in shares of Conagra Brands by 238.9% in the third quarter. AIA Group Ltd now owns 205,954 shares of the company’s stock worth $3,771,000 after buying an additional 145,191 shares during the period. Finally, Alps Advisors Inc. bought a new stake in shares of Conagra Brands in the 3rd quarter valued at about $7,310,000. 83.75% of the stock is owned by institutional investors.

Key Conagra Brands News

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

• Positive Sentiment: Revenue beat estimates and showed underlying organic growth (price/mix and volume gains), indicating core category strength and resilience against divestiture impacts. Conagra Brands Reports Third Quarter Results
• Positive Sentiment: Company declared a quarterly dividend of $0.35, supporting income investors and signaling management commitment to capital return. Conagra Brands Announces Quarterly Dividend Payment
• Positive Sentiment: Some value/technical commentators view the pullback as a buying opportunity given high yield, cash‑flow focus and signs of stabilization in core categories (longer‑term bull case).
• Neutral Sentiment: Earnings call transcript and management commentary are available; investors should review the call for color on cost outlook, inflation expectations and timing for margin recovery. Conagra Brands Q3 2026 Earnings Call Transcript
• Neutral Sentiment: Wall Street reaction is mixed — some firms have revised expectations ahead of results, leaving scope for further analyst adjustments in coming weeks. Top Wall Street Forecasters Revamp Conagra Expectations Ahead Of Q3 Earnings
• Negative Sentiment: Management trimmed its full‑year profit outlook and narrowed guidance, citing rising costs and margin pressure — the primary catalyst for the stock weakness. Conagra Brands expects weak annual profit on rising costs
• Negative Sentiment: Q3 EPS of $0.39 missed consensus by $0.01 and fell from $0.51 a year ago; margins contracted despite a revenue beat, highlighting near‑term profitability headwinds. Conagra Brands (CAG) Q3 Earnings Lag Estimates
• Negative Sentiment: Jefferies cut its price target to $15 and maintained a “hold,” reflecting lowered near‑term expectations and contributing to downward analyst pressure. Jefferies Adjusts Price Target on Conagra Brands to $15

Wall Street Analyst Weigh In

A number of equities analysts have commented on CAG shares. Deutsche Bank Aktiengesellschaft decreased their price target on Conagra Brands from $18.00 to $14.00 and set a “hold” rating on the stock in a research note on Monday. Evercore dropped their price target on shares of Conagra Brands from $22.00 to $19.00 in a research report on Friday, January 9th. Wall Street Zen upgraded shares of Conagra Brands from a “sell” rating to a “hold” rating in a research report on Saturday, February 21st. Zacks Research raised shares of Conagra Brands from a “strong sell” rating to a “hold” rating in a research note on Friday, February 20th. Finally, TD Cowen cut their target price on Conagra Brands from $18.00 to $14.00 and set a “hold” rating on the stock in a research note on Wednesday, March 25th. One equities research analyst has rated the stock with a Buy rating, eleven have assigned a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus target price of $17.79.

Conagra Brands Trading Down 1.2%

CAG opened at $15.54 on Thursday. The company has a quick ratio of 0.28, a current ratio of 0.89 and a debt-to-equity ratio of 0.80. Conagra Brands has a 52 week low of $15.03 and a 52 week high of $27.68. The stock has a market cap of $7.43 billion, a PE ratio of -70.61 and a beta of 0.04. The business has a 50 day moving average of $17.84 and a 200-day moving average of $17.76.

Conagra Brands (NYSE:CAG) last issued its quarterly earnings results on Wednesday, April 1st. The company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.01). The firm had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $2.76 billion. Conagra Brands had a positive return on equity of 10.59% and a negative net margin of 0.87%.Conagra Brands’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.51 earnings per share. Equities research analysts predict that Conagra Brands will post 2.35 earnings per share for the current fiscal year.

Conagra Brands Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 3rd. Investors of record on Thursday, April 30th will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 9.0%. The ex-dividend date is Thursday, April 30th. Conagra Brands’s dividend payout ratio (DPR) is presently -636.36%.

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.