CreativeOne Wealth LLC Increases Stock Holdings in Conagra Brands $CAG

CreativeOne Wealth LLC boosted its holdings in shares of Conagra Brands (NYSE:CAG) by 31.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 119,732 shares of the company’s stock after buying an additional 28,357 shares during the period. CreativeOne Wealth LLC’s holdings in Conagra Brands were worth $2,192,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. CYBER HORNET ETFs LLC acquired a new stake in Conagra Brands in the second quarter worth about $26,000. MUFG Securities EMEA plc acquired a new position in shares of Conagra Brands during the second quarter valued at about $29,000. True Wealth Design LLC increased its holdings in shares of Conagra Brands by 844.4% during the third quarter. True Wealth Design LLC now owns 1,596 shares of the company’s stock valued at $29,000 after acquiring an additional 1,427 shares in the last quarter. Clearstead Trust LLC raised its position in shares of Conagra Brands by 522.1% in the 2nd quarter. Clearstead Trust LLC now owns 1,636 shares of the company’s stock valued at $33,000 after purchasing an additional 1,373 shares during the last quarter. Finally, Spire Wealth Management raised its position in shares of Conagra Brands by 249.0% in the 3rd quarter. Spire Wealth Management now owns 1,724 shares of the company’s stock valued at $32,000 after purchasing an additional 1,230 shares during the last quarter. 83.75% of the stock is currently owned by hedge funds and other institutional investors.

Conagra Brands Price Performance

Shares of NYSE CAG opened at $18.67 on Tuesday. Conagra Brands has a 52 week low of $15.96 and a 52 week high of $28.51. The business’s 50 day moving average price is $18.22 and its 200 day moving average price is $18.14. The company has a quick ratio of 0.28, a current ratio of 0.89 and a debt-to-equity ratio of 0.80. The firm has a market cap of $8.93 billion, a P/E ratio of -84.84 and a beta of -0.02.

Conagra Brands (NYSE:CAG) last posted its quarterly earnings results on Friday, December 19th. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.01. Conagra Brands had a negative net margin of 0.87% and a positive return on equity of 10.59%. The company had revenue of $2.98 billion during the quarter, compared to analyst estimates of $3 billion. During the same period last year, the firm posted $0.70 EPS. Conagra Brands’s revenue for the quarter was down 6.8% compared to the same quarter last year. Conagra Brands has set its FY 2026 guidance at 1.700-1.85 EPS. On average, sell-side analysts expect that Conagra Brands will post 2.35 earnings per share for the current year.

Conagra Brands Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 26th. Investors of record on Tuesday, January 27th were issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 7.5%. The ex-dividend date of this dividend was Tuesday, January 27th. Conagra Brands’s dividend payout ratio (DPR) is -636.36%.

Analysts Set New Price Targets

CAG has been the topic of several research analyst reports. Evercore dropped their target price on shares of Conagra Brands from $22.00 to $19.00 in a research report on Friday, January 9th. Bank of America decreased their price target on shares of Conagra Brands from $18.00 to $17.00 and set an “underperform” rating for the company in a report on Monday, December 22nd. Wall Street Zen upgraded shares of Conagra Brands from a “sell” rating to a “hold” rating in a research note on Saturday, February 21st. Sanford C. Bernstein dropped their price objective on shares of Conagra Brands from $21.00 to $18.00 and set a “market perform” rating on the stock in a report on Monday, December 22nd. Finally, Stifel Nicolaus cut their target price on Conagra Brands from $21.00 to $19.00 and set a “hold” rating on the stock in a research report on Thursday, December 11th. One research analyst has rated the stock with a Buy rating, twelve have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, Conagra Brands currently has an average rating of “Reduce” and an average price target of $19.07.

About Conagra Brands

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.