Conagra Brands $CAG Shares Purchased by MGO One Seven LLC

MGO One Seven LLC lifted its position in shares of Conagra Brands (NYSE:CAG) by 273.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 63,592 shares of the company’s stock after purchasing an additional 46,544 shares during the period. MGO One Seven LLC’s holdings in Conagra Brands were worth $855,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Tema ETFs LLC grew its holdings in Conagra Brands by 9.3% during the 2nd quarter. Tema ETFs LLC now owns 8,546 shares of the company’s stock worth $115,000 after acquiring an additional 725 shares during the last quarter. Cooper Financial Group lifted its holdings in shares of Conagra Brands by 6.7% during the third quarter. Cooper Financial Group now owns 13,695 shares of the company’s stock worth $184,000 after purchasing an additional 861 shares during the period. Castle Rock Wealth Management LLC grew its stake in shares of Conagra Brands by 3.6% in the second quarter. Castle Rock Wealth Management LLC now owns 26,128 shares of the company’s stock worth $374,000 after purchasing an additional 911 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Conagra Brands by 0.4% in the first quarter. PNC Financial Services Group Inc. now owns 264,199 shares of the company’s stock worth $4,153,000 after purchasing an additional 939 shares during the last quarter. Finally, World Investment Advisors increased its holdings in Conagra Brands by 9.2% in the first quarter. World Investment Advisors now owns 11,170 shares of the company’s stock valued at $176,000 after purchasing an additional 944 shares during the period. Institutional investors and hedge funds own 83.75% of the company’s stock.

Analysts Set New Price Targets

CAG has been the topic of a number of analyst reports. UBS Group upped their price target on Conagra Brands from $13.00 to $14.00 and gave the company a “neutral” rating in a research report on Thursday, July 16th. Weiss Ratings reissued a “sell (d)” rating on shares of Conagra Brands in a research note on Tuesday, September 22nd. Deutsche Bank Aktiengesellschaft raised their price objective on Conagra Brands from $12.00 to $13.00 and gave the stock a “hold” rating in a research report on Friday, September 18th. Barclays cut their price objective on Conagra Brands from $17.00 to $16.00 and set an “overweight” rating on the stock in a research note on Friday, October 2nd. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and issued a $14.00 target price on shares of Conagra Brands in a report on Thursday, October 1st. One equities research 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 a consensus price target of $14.07.

Conagra Brands Trading Down 1.8%

CAG stock traded down $0.27 during mid-day trading on Friday, reaching $15.24. The company’s stock had a trading volume of 9,658,506 shares, compared to its average volume of 10,607,918. Conagra Brands has a 12 month low of $12.53 and a 12 month high of $20.32. 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 business’s 50 day moving average price is $14.56 and its 200 day moving average price is $15.27. The company has a market cap of $7.27 billion, a price-to-earnings ratio of -3.83 and a beta of 0.02.

Conagra Brands (NYSE:CAG) last posted its quarterly earnings results on Wednesday, September 30th. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.13. The firm 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 company’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.39 EPS. Conagra Brands has set its FY 2027 guidance at 1.400-1.500 EPS. On average, equities research analysts predict that Conagra Brands will post 1.46 EPS for the current year.

Conagra Brands Dividend Announcement

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

About Conagra Brands

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.